Streamlining Energy Permitting and Compensation for Regulatory Delays
This bill aims to speed up the construction of energy and mining projects by setting strict deadlines for federal permits and limiting lawsuits that delay construction. It creates a compensation fund for developers if government delays cause financial losses, intended to boost energy security and potentially lower costs for consumers.
Key points
Sets strict time limits (90 days to 2 years) for federal agencies to approve energy and mineral projects.
Establishes a compensation program to pay developers if government delays or cancellations cause unrecoverable financial loss.
Limits the ability of courts to stop construction on projects that have already received a substantial majority of their permits.
Removes federal drilling permit requirements for certain projects on non-federal land where the government owns a minority of the minerals.
Status:
Introduced
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