118th Congress Energy
S. 947: Lower Energy Costs Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill provides for the exploration, development, importation, and exportation of energy resources (e.g., oil, gas, and minerals). For example, it sets forth provisions to (1) expedite energy projects, (2) eliminate or reduce certain fees related to the development of federal energy resources, and (3) eliminate certain funds that provide incentives to decrease emissions of greenhouse gases.
The bill expedites the development, importation, and exportation of energy resources, including by
- waiving environmental review requirements and other specified requirements under certain environmental laws,
- eliminating certain restrictions on the import and export of oil and natural gas,
- prohibiting the President from declaring a moratorium on the use of hydraulic fracturing (a type of process used to extract underground energy resources),
- directing the Department of the Interior to conduct sales for the leasing of oil and gas resources on federal lands and waters as specified by the bill, and
- limiting the authority of the President and executive agencies to restrict or delay the development of energy on federal land.
Read the full summary
In addition, the bill reduces royalties for oil and gas development on federal land and eliminates charges on methane emissions.
It also eliminates a variety of funds, such as funds for energy efficiency improvements in buildings as well as the greenhouse gas reduction fund.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Who scored on this bill
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History
- Introduced in the Senate by John Kennedy.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Energy and Natural Resources.