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US Energy Independence Act: Lower Prices, Fewer Regulations

This act aims to provide citizens with stable and affordable energy prices, including gasoline, diesel, and electricity, by increasing domestic energy production. This potentially means lower energy and fuel bills, as well as reduced reliance on foreign suppliers. It also introduces changes to environmental regulations to facilitate energy production.
Key points
The government is tasked with developing a plan to achieve full US energy independence by 2024, potentially impacting fuel and energy price stability.
Regulations on domestic energy producers will be lifted or reduced to increase production and lower costs.
The construction of the Keystone XL pipeline will be reauthorized, potentially increasing oil imports from Canada and affecting fuel prices.
Certain climate change and environmental protection regulations will be rescinded to facilitate oil and gas extraction on federal lands.
Government agencies will be required to prioritize energy independence, which may accelerate processes related to energy extraction and transport.
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Additional Information
Print number: 117_HR_6884
Sponsor: Rep. Jackson, Ronny [R-TX-13]
Process start date: 2022-03-01