1. Short title This Act may be cited as the Investing in State Energy Act of 2023 . 2. Timing for distribution of certain information and financial assistance under the Weatherization Assistance Program and the State energy program (a) Timing for distribution of certain information and financial assistance under the weatherization assistance program Section 417 of the Energy Conservation and Production Act ( 42 U.S.C. 6867 ) is amended— (1) in subsection (d), by striking the subsection designation and all that follows through Payments and inserting the following: (d) Method and timing of payments (1) In general Payments ; and (2) by adding at the end the following: (2) Timing On receipt of a plan adopted pursuant to section 415(b), the Secretary shall distribute funds to the State, Indian Tribe, or other direct recipient to which the plan applies as quickly as practicable. (e) Distribution of information Not later than 60 days after the date on which funds have been made available to provide assistance under this part, the Secretary shall— (1) release application guidance to States, Indian Tribes, and other direct recipients of assistance under this part; and (2) publish the allocation of assistance to be provided to States, Indian Tribes, and other direct recipients of assistance under this part in accordance with the applicable distribution formula for the fiscal year. . (b) Timing for distribution of certain information and financial assistance under the State energy program Section 363 of the Energy Policy and Conservation Act ( 42 U.S.C. 6323 ) is amended by adding at the end the following: (f) Distribution of information Not later than 60 days after the date on which funds have been made available to provide financial assistance under this section, the Secretary shall— (1) release application guidance for financial assistance for energy conservation plans under this section