REFINE Act
12/29/2022, 12:18 PMSummary of Bill HR 8766
The REFINE Act, also known as Bill 117 hr 8766, is a piece of legislation currently being considered by the US Congress. The main goal of the REFINE Act is to address issues related to environmental protection and energy efficiency.One key aspect of the REFINE Act is its focus on reducing greenhouse gas emissions and promoting clean energy sources. The bill includes provisions that aim to increase the use of renewable energy sources such as wind and solar power, while also implementing measures to reduce carbon emissions from industries and transportation.
Additionally, the REFINE Act seeks to improve energy efficiency in buildings and infrastructure by providing incentives for the use of energy-efficient technologies and practices. This includes funding for research and development of new technologies that can help reduce energy consumption and lower carbon emissions. Overall, the REFINE Act is aimed at promoting environmental sustainability and reducing the impact of climate change. It is a comprehensive piece of legislation that addresses a wide range of issues related to energy and the environment, with the ultimate goal of creating a more sustainable and cleaner future for the United States.
Congressional Summary of HR 8766
Reserving Energy For Independence and Empowerment Act or the REFINE Act
This bill sets forth provisions to limit the sale and export of petroleum products from the Strategic Petroleum Reserve (SPR), increase energy production from energy producers in the United States, and make related requirements.
Specifically, the bill requires the Department of Energy (DOE) to issue regulations prohibiting the export of petroleum products (e.g., crude oil) sold from the SPR to (1) any country that is subject to a U.S. arms embargo as specified by the bill, (2) any country that is a state sponsor of terrorism, and (3) any entity that is owned by China.
Before DOE may sell, exchange, or loan crude oil from the SPR, DOE must first develop a plan to increase the percentage of federal land (including submerged land of the Outer Continental Shelf) leased for oil and gas production by the same percentage as the percentage of petroleum in the SPR that is to be drawn down.
In addition, the President must rescind the Executive Order titled Protecting Public Health and the Environment and Restoring Science To Tackle the Climate Crisis.
The President must also direct federal agencies to (1) identify and repeal any of their regulations that have the intent or effect of substantially reducing the energy independence of the United States, and (2) issue regulations and guidance to reduce the regulatory burden for energy producers in the United States and to increase the energy output by those producers.
