US Energy Independence Act: Stable Prices and Increased Domestic Production
This act aims to boost energy production within the United States to lower and stabilize fuel and energy prices for citizens. It means fewer regulations for energy companies and greater use of domestic resources, potentially impacting transportation and home heating costs.
Key points
Increased domestic oil and gas production: Easier rules for energy companies on federal lands to boost fuel availability.
Stabilized energy prices: Actions aimed at reducing gasoline, diesel, electricity, and natural gas costs for consumers.
Reduced regulations for energy companies: Repealing rules that might limit energy production, including climate change regulations if they increase consumer costs.
Resumption of Keystone XL pipeline project: Authorizing the construction of a key pipeline for oil import from Canada to increase supply.
End of Paris Agreement funding: Prohibiting the use of public funds for Paris Agreement-related activities unless ratified by the Senate.
Expired
Additional Information
Print number: 117_S_3714
Sponsor: Sen. Hawley, Josh [R-MO]
Process start date: 2022-02-28