Who is affected and how:

• Existing license applicants/licensees: Entities that have notified intent to seek new licenses will be tracked and publicly reported to Congress; this may increase scrutiny on long-pending applications and encourage timely completion of outstanding actions.
• Federal Energy Regulatory Commission (FERC): The Commission must compile, maintain, and annually transmit the required information, adding a recurring administrative reporting task and data-tracking responsibility.
• Other federal and state agencies, tribes, and stakeholders involved in licensing: The report will highlight outstanding actions or filings those parties must complete, potentially increasing pressure to meet milestones or clarify responsibilities in proceedings.
• Local communities and project-area stakeholders: Communities near licensed projects will gain clearer congressional visibility into delays and expected milestones, which may improve planning and public engagement.

Overall effect: The legislation increases transparency and oversight of long-running license proceedings by creating a standardized annual reporting requirement. It does not change the legal standards or timelines for issuing licenses, nor does it itself compel faster issuance; its principal effect is informational and administrative. Administrative burden on the Commission will increase modestly due to data collection and report preparation, but no new substantive authority or programmatic funding is provided in the text.