U.S. Congress legislation · 119th Congress
HB8437: Geo POWER Act
Status: In committee, July 21, 2026
To advance next-generation geothermal electricity generation demonstration projects in new regions, and for other purposes.
What the bill says
To advance next-generation geothermal electricity generation demonstration projects in new regions, and for other purposes.
From the introduced text, April 22, 2026:
A BILL To advance next-generation geothermal electricity generation demonstration projects in new regions, and for other purposes. SECTION 1. Short title This Act may be cited as the Geothermal Power Opportunity With Expanded Regions Act or the Geo POWER Act . SECTION 2. Purpose The purpose of this Act is to advance next-generation geothermal demonstration projects-- (1) to accelerate the commercialization of next-generation geothermal technologies in diverse geologies and regions across the United States; (2) to overcome high upfront capital costs for geothermal exploration and drilling; (3) to generate public data to de-risk future geothermal projects in new geologies and regions; and (4) to catalyze geothermal demonstration projects and innovation through milestone-based financing to de-risk future geothermal projects. SECTION 3. Innovative financing for geothermal demonstration projects Section 615 of the Energy Independence and Security Act of 2007 ( 42 U.S.C. 17194 ) is amended-- (1) in subsection (a), by inserting the milestone-based geothermal demonstration program for projects in low permeability and impermeable reservoirs described in subsection (e) and after including ; (2) in subsection (d), by striking paragraph (3); and (3) by adding at the end the following: (e) Milestone-Based geothermal demonstration program (1) Definitions In this subsection: (A) Innovative financing The term innovative financing means financial instruments used to support geothermal energy project development, including transactions that the Secretary …
Sponsors
- Begich, Nicholas (R, HD-000) · primary sponsor
- Suzanne Lee (D, HD-NV-3)
- Young Kim (R, HD-CA-40)
- Celeste Maloy (R, HD-002)
- Hernández Rivera, Pablo José (D, HD-000)
- Vince Fong (R)
- Andrea Salinas (D)
- George Whitesides (D)
Latest actions
- : Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
- : Committee Consideration and Mark-up Session Held
- : Referred to the House Committee on Science, Space, and Technology.
- : Introduced in House
Subjects: Electric power generation and transmission, Alternative and renewable resources, Energy, Mining, Financial services and investments, Business investment and capital
Common questions
- What is HB8437?
- HB8437 is a bill in Congress (119th Congress): Geo POWER Act.
- What does HB8437 do?
- In its own words: To advance next-generation geothermal electricity generation demonstration projects in new regions, and for other purposes.
- What is the status of HB8437?
- In committee as of July 21, 2026. Latest action: Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote. (July 21, 2026).
- Who sponsored HB8437?
- Begich, Nicholas (R, HD-000), with 7 co-sponsors.
- Where is the official record for HB8437?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/8437
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.