SB 108-28: Dam It Act (Debating)
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Author Topic: SB 108-28: Dam It Act (Debating)  (Read 1148 times)
WD
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Junior Chimp
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« on: April 21, 2022, 02:19:55 PM »
Quote
DAM IT ACT

Senate Bill
to make smarter choices with our county's money and resources

Quote
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.


Sponsor: Mr. R

The gentleman from Virginia is recognized.
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Mr. Reactionary
blackraisin
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« Reply #1 on: April 21, 2022, 04:38:41 PM »
This bill boosts revenue by adopting a Barrack Obama plan to auction off local hydrodams that have been long since completed and no longer require federal ownership.

A 2014 study by former federal budget official Ken Glozer found that the utility has somewhat higher rates than utilities in nearby states today, despite the tax and regulatory advantages that it enjoys.The TVA is exempt from a range of regulations that are imposed on other producers.

Estimates are that selling just TVA would yield around $40Billion in revenue.

https://www.local3news.com/selling-tva-obama-budget-says-state-local-stakeholders-could-buy-government-utility/article_228a1770-5b09-5d18-8680-a864a5454226.html

https://www.utilitydive.com/news/obama-administration-proposes-sale-of-tva/235184/
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beesley
Junior Chimp
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« Reply #2 on: April 24, 2022, 08:36:14 AM »
What mechanisms exist to transfer ownership of these dams to the regions? In this case, I assume regions could bid like any other entity.
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Deep Dixieland Senator, Muad'dib (OSR MSR)
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« Reply #3 on: April 25, 2022, 10:21:11 PM »
« Edited: April 26, 2022, 02:47:08 AM by Deep Dixieland Senator, Muad'dib (OSR MSR) »
I believe that some protections against monopolies, potential abuse of foreign and inter-regional government investors is warranted. These figures can obviously be debated and changed to something else but for the time being I propose the following amendment.


Quote from: proposed amendment
DAM IT ACT

Senate Bill
to make smarter choices with our county's money and resources

Quote
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.
  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.
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Mr. Reactionary
blackraisin
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« Reply #4 on: April 25, 2022, 10:33:30 PM »
Quote from: beesley on April 24, 2022, 08:36:14 AM
What mechanisms exist to transfer ownership of these dams to the regions? In this case, I assume regions could bid like any other entity.

Yes Regions can participate


Amendment is friendly
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WD
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« Reply #5 on: April 27, 2022, 09:48:05 PM »
24 hours to object
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WD
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Junior Chimp
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« Reply #6 on: April 28, 2022, 11:01:20 PM »
Amendment is adopted
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Joseph Cao
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« Reply #7 on: May 02, 2022, 12:27:19 AM »
Out of interest how does this account for, say, a state-sponsored company if they tried to circumvent the 25% share allocated to them?
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Deep Dixieland Senator, Muad'dib (OSR MSR)
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« Reply #8 on: May 04, 2022, 04:50:47 AM »
Well implicitly that would not be kosher. If you want to make that explicate feel free to add to my amendment.
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Mr. Reactionary
blackraisin
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« Reply #9 on: May 11, 2022, 06:45:53 PM »
I move for a final vote.
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wxtransit
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« Reply #10 on: May 11, 2022, 07:56:58 PM »
Objecting to introduce:

Quote from: proposed amendment
DAM IT ACT

Senate Bill
to make smarter choices with our county's money and resources

Quote
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.
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Mr. Reactionary
blackraisin
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« Reply #11 on: May 11, 2022, 08:21:58 PM »
Friendly.

Then I renew the motion once the amendment is adopted.
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Joseph Cao
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« Reply #12 on: May 11, 2022, 10:39:39 PM »
24 hours to object to Transit's amendment.
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beesley
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« Reply #13 on: May 12, 2022, 04:19:51 AM »
Good amendment
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Joseph Cao
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« Reply #14 on: May 14, 2022, 01:45:13 AM »
Amendment is adopted.
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Joseph Cao
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« Reply #15 on: May 18, 2022, 02:53:12 AM »
24 hours to object to Mr. R’s motion for a final vote.
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Joseph Cao
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« Reply #16 on: May 20, 2022, 01:43:30 AM »
A final vote is now open, etc., etc.:

Quote from: Final Text
DAM IT ACT

Senate Bill
to make smarter choices with our county's money and resources

Quote
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.

96 hours to vote. Senators, please vote Aye, Nay, or Abstain.
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Dr. MB
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« Reply #17 on: May 20, 2022, 01:49:53 AM »
Nay
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WD
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Junior Chimp
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« Reply #18 on: May 20, 2022, 02:48:19 AM »
Nay
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Sestak
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« Reply #19 on: May 20, 2022, 03:20:29 AM »
Nay.
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Mr. Reactionary
blackraisin
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« Reply #20 on: May 20, 2022, 06:25:07 AM »
Aye
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West_Midlander
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« Reply #21 on: May 20, 2022, 06:34:15 AM »
Abstain
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AGA
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« Reply #22 on: May 20, 2022, 11:06:12 AM »
Aye
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Saint Milei
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« Reply #23 on: May 20, 2022, 04:45:05 PM »
Aye
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GM Team Member and Senator WB
weatherboy1102
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« Reply #24 on: May 20, 2022, 06:22:11 PM »
Abstain
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