House Republicans are gearing up next week to debate and vote on HR 1, the Lower Energy Costs Act, legislation meant to counter POTUS’s energy agenda and increase domestic production. Here’s a look at some of the priorities included in the legislation.
The 175-page bill will be the first major product to come from multiple Republican-led committees since the party regained control of the House in the November 2022 midterm elections.Republicans have touted their collective action on HR 1, which combines major priorities and efforts advanced by the House Energy and Commerce Committee, the House Natural Resources and Transportation Committee, and the House Transportation and Infrastructure Committee.
HR 1 contains key provisions aimed at streamlining and accelerating the federal permitting process under the National Environmental Policy Act, or NEPA, the bedrock environmental law many say makes it too hard to approve and build projects. Permitting reform has been a priority for lawmakers in both parties, and it is considered a key area for bipartisanship this congressional session.
The bill would direct the energy secretary to strengthen U.S. critical minerals sourcing and to increase domestic production, refining, and processing of these materials — processes often outsourced to other countries. Biden campaigned on restricting or ending altogether parts of the federal oil and gas leasing program in a bid to drive down pollution. And during his first week in office, he signed an executive order suspending new lease sales, though it was later blocked by a federal judge. Furthermore, the Inflation Reduction Act included, at Manchin's insistence, provisions meant to spur new sales.
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