Summary: H.R.603 — 105th Congress (1997-1998)All Information (Except Text)

There is one summary for H.R.603. Bill summaries are authored by CRS.

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Introduced in House (02/05/1997)

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.