Energizing Our Communities Act

HR 5424, the *Energizing Our Communities Act*, creates a fund to provide payments to communities hosting major new or upgraded electric power transmission projects (those capable of moving 999 megawatts or more). The fund, financed by a portion of interest collected on specific federal energy loans, pays host communities (municipalities or tribes) within 18 months of project construction starting. Communities must use 80% of funds for local services like schools, broadband, parks, or workforce training, and at least 20% for conservation, recreation, or climate resilience projects like habitat restoration or park access. The bill requires annual reports to Congress on fund usage and payments.