Energy Freedom Act: Faster Drilling, Mandatory Leases, and Regulatory Freeze.
This legislation aims to boost domestic oil and gas production by drastically speeding up permitting processes for drilling and pipeline construction. It mandates annual lease sales on federal lands and the Outer Continental Shelf, while limiting the scope of federal environmental reviews (NEPA) only to impacts within the U.S. Additionally, it reinstates and freezes several key, less restrictive environmental regulations for 15 years, intended to provide investment stability and potentially lower energy costs.
Key points
Significantly accelerates approval deadlines for natural gas pipelines and drilling permits (30-60 days), aiming to increase energy supply.
Mandates annual oil and gas lease sales on federal lands and offshore areas, increasing extraction activity.
Limits federal environmental impact reviews (NEPA) strictly to effects occurring within the territory of the United States.
Reinstates and locks in for 15 years less restrictive regulations concerning water protection and methane emissions.
Expired
Additional Information
Print number: 118_S_879
Sponsor: Sen. Cruz, Ted [R-TX]
Process start date: 2023-03-21