Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.
This bill creates a special savings account at the U.S. Treasury so that money contributed by states for a wildlife conservation program along the Lower Colorado River can earn interest. Right now, those state contributions sit without earning anything. If this passes, the money grows over time, giving the program more funding without requiring extra contributions from states or the federal government.
States along the Lower Colorado River already pay into a program that protects endangered species and keeps water flowing to millions of people. This bill would let that money earn interest , stretching existing dollars further without raising costs for states or taxpayers.