Tennessee Valley Authority First Step Reform Act of 1997 - Amends the Tennessee Valley Authority Act of 1933 to prohibit appropriations after FY 1998.
Instructs the Director of the Office of Management and Budget to report to the Congress on: (1) the historical and current costs to the Federal Government of Tennessee Valley Authority (TVA) subsidies; and (2) how TVA plans to make the transition from receiving Federal subsidies to an organization generating, transmitting, and distributing electric power on an open and competitive market.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E160)
Referred to the House Committee on Transportation and Infrastructure.
Referred to the Subcommittee on Water Resources and Environment.
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