Objecting to introduce:
DAM IT ACT
Senate Bill
to make smarter choices with our county's money and resources
a. On or before January 1, 2024, the following federal assets shall be auctioned off:
1. The Bonneville Power Administration and all related property and contracts
2. The Rural Utility Service and all related property and contracts
3. The Southeastern Power Administration and all related property and contracts
4. The Southwestern Power Administration and all related property and contracts
5. The Tennessee Valley Authority and all related property and contracts
6. The Western Area Power Administration and all related property and contracts
7. The 58 hydroelectric dams owned by the Bureau of Reclamation and all related property and contracts.
b. Protections:
1. No foreign power may have a share greater than 25% of the asset. This 25 percent share is a collective share of all agents of said foreign power, including state-sponsored companies and their subsidiaries.
2. No Region, other than the Region when the infrastructure is based, may purchase more the 1/3 of shares in the asset.
3. No Company may purchase more than a 40% share of the asset.
