Bill 118 hr 1058, also known as the Promoting Cross-border Energy Infrastructure Act, is a piece of legislation introduced in the US Congress. The main goal of this bill is to streamline the process for approving and constructing energy infrastructure projects that cross international borders, specifically between the United States and Canada.
The bill aims to promote the development of energy infrastructure, such as pipelines and transmission lines, that will help facilitate the transportation of energy resources between the two countries. By simplifying the approval process for these projects, the bill seeks to increase energy security, promote economic growth, and create jobs in both the US and Canada.
One of the key provisions of the bill is the establishment of a 120-day timeline for the review and approval of cross-border energy infrastructure projects. This timeline is intended to expedite the permitting process and provide certainty to project developers, investors, and other stakeholders.
Additionally, the bill includes measures to enhance coordination between federal agencies, improve transparency in the permitting process, and ensure that environmental and safety considerations are taken into account when approving these projects.
Overall, the Promoting Cross-border Energy Infrastructure Act is aimed at promoting cooperation between the US and Canada in the development of energy infrastructure, while also ensuring that the necessary regulatory safeguards are in place to protect the environment and public safety.