117 HR 6065 IH: Providing Opportunities for Wider Economic Revitalization Act U.S. House of Representatives 2021-11-19 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I117th CONGRESS1st SessionH. R. 6065IN THE HOUSE OF REPRESENTATIVESNovember 19, 2021Mr. Turner (for himself, Mr. Davidson, Mr. Johnson of Ohio, Mr. Ryan, and Mr. Chabot) introduced the following bill; which was referred to the Committee on Energy and Commerce, and in addition to the Committee on Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concernedA BILLTo authorize the Secretary of Energy to release a reversionary interest in certain real property, and for other purposes.

1.

Short title

This Act may be cited as the Providing Opportunities for Wider Economic Revitalization Act or the POWER Act.

2.

Release of reversionary interest in certain real property, Springfield, Ohio

(a)

Release of reversionary interest authorized

Subject to subsection (b), the Secretary of Energy may release, without reimbursement or other consideration, a reversionary interest acquired by the United States when the National Nuclear Security Administration made a grant to support the acquisition of real property and construction of infrastructure located at 4170 Allium Court in Springfield, Ohio.(b)

Condition on release

The authority of the Secretary of Energy to release the reversionary interest described in subsection (a) is conditioned on, and may be exercised only after, the acquisition of title to the real property subject to the reversionary interest by the Community Improvement Corporation of Clark County, a nonprofit entity created by the City of Springfield, Ohio, Clark County, Ohio, and the Chamber of Commerce in the County.