S. 3373 — A bill to require the Federal Energy Regulatory Commission to extend the time period during which licensees are required to commence construction of certain hydropower projects.

This bill authorizes the Federal Energy Regulatory Commission (FERC) to extend the time period during which the licensees of certain hydropower projects must commence construction of such projects. FERC is authorized, upon the request of the licensees, to extend projects that were issued a license before March 13, 2020. (Under existing law, licensees must commence construction of licensed projects within a time fixed in their license.) The bill also provides that FERC may reinstate such licenses, effective as of the date they expire.