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 directs the Federal Energy Regulatory Commission to extend the time licensees have to start building certain hydropower projects. A "covered project" is defined as a project where the Commission issued a license before March 13, 2020. Upon a licensee's request and for good cause, the Commission may grant an extension of up to 6 years beyond the 8 years already allowed under the Federal Power Act. These extensions can consist of up to three consecutive 2-year periods. Additionally, the bill allows for the reinstatement of expired licenses if the expiration occurred after December 31, 2023, but before the Act is passed.