ACCF Encourages U.S. House to Support Energy Bill and Improvement of LNG Project Review

ACCF President and CEO Mark Bloomfield issued a letter to House Republicans encouraging them to support passage of the energy bill and language to improve DOE’s process for reviewing LNG export projects.  The Senate version of the Energy Policy Modernization Act (EPMA) includes important improvements to the U.S. Department of Energy’s (DOE) procedures for reviewing applications for the export of liquefied natural gas (LNG). The new language would give DOE 45 days to finish its review of a project – instead of the open-ended process currently in place – after environmental analysis has concluded.

“Our national energy landscaped has changed considerably since the last major energy bill was signed into law,” Bloomfield wrote. “It’s imperative that our energy policies keep pace with these changes to ensure we capture the full benefits of our nation’s new resource wealth. Nearly a year ago, Congress lifted the 40-year-old ban on crude oil exports. That was a good first step in modernizing our energy trade policies. It should now be this Congress’s top priority to expedite the approval process of LNG export licenses.”

“Before the 114th Congress comes to a close, we encourage lawmakers to reconcile differences on the different versions of the energy bill and send final legislation to the President for signing.”

Read Full Letter Here

SHARE
Previous articleCongress should take the lead on our nation’s energy policies
Next articlePresident Obama’s Energy Legacy: Will It Last?
Mark A. Bloomfield
For more than four decades, Mark has been a leading advocate in Washington for pro-growth approaches to U.S. economic policy, in particular, tax, energy, environmental, regulatory, and trade issues. He has appeared on numerous TV networks and major news outlets and serves as a regular contributor for Wall Street Journal’s Think Tank and The Hill newspaper. Mark also hosts the renowned ACCF Economic Policy Evenings — monthly intimate dinner gatherings of Members of Congress, journalists, and business leaders to discuss politics and economic policy in an off-the-record, no holds-barred setting setting that has been called “Washington’s Last Salon.” Mark has testified before the U.S. Congress, corporate boards, and civic groups. He has also contributed to six books on tax and economic policy.