S. 765: A bill to appropriately determine the budgetary effects of energy savings performance contracts and utility energy service contracts.

114th Congress · introduced 2015-03-17 · Energy · Latest: Read twice and referred to the Committee on the Budget.

federal

Follow this bill, step by step

Where it came from: introduced 2015-03-17 · official record
Who proposed it: Sen. Portman, Rob [R-OH] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on the Budget. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

A bill to appropriately determine the budgetary effects of energy savings performance contracts and utility energy service contracts.

Plain summary

This bill provides directions to the Congressional Budget Office (CBO) for determining the budgetary effects of energy savings performance contracts and utility energy service contracts. Under an energy savings performance contract, a private party agrees to fund energy-efficient upgrades for a federal facility, and the federal agency agrees to pay the private party from reductions in the agency's energy costs. Under a utility energy service contract, the services and equipment are provided by a utility. In scoring legislation that modifies the authority to enter into the contracts or the scope, terms, or use of the contracts, CBO must: (1) record all budgetary effects during the first year in which the authority or modification becomes effective, (2) calculate the cost and savings on a net present value basis by adding market risk over the useful life of the services or product to the discount rate required by the Federal Credit Reform Act of 1990, and (3) classify the effects to be changes in spending subject to the availability of appropriations. CBO currently scores the authority to enter into the contracts as a form of mandatory spending rather than discretionary spending that is subject to the appropriations process.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

A bill to appropriately determine the budgetary effects of energy savings performance contracts and utility energy service contracts.

Source: Congressional Research Service summary (Introduced in Senate)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Portman, Rob [R-OH] · 1 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (3)

Appropriation: Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
CBO cost estimate: The Congressional Budget Office's estimate of how a federal bill would change government spending and revenue. CBO is nonpartisan.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-114s765.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/114/s>

Record fed-us-cong114-s765 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114