Unlocking our Domestic LNG Potential Act of 2024

Hozzl · 2024-02-16T16:30:25Z

Explore the details of House Bill 7176 Unlocking our Domestic LNG Potential Act of 2024 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

2/16/2024, 4:30 PM

Congressional Summary of HR 7176

Unlocking our Domestic LNG Potential Act of 2024

This bill repeals certain restrictions on the import and export of natural gas under the Natural Gas Act, including requirements for Department of Energy (DOE) approval and related provisions that address free trade agreements.

In addition, the bill grants the Federal Energy Regulatory Commission (FERC) the exclusive authority to approve or deny applications to authorize the siting, construction, expansion, or operation of facilities (e.g., liquefied natural gas terminals) to export natural gas to foreign countries or import natural gas from foreign countries. (Currently, DOE authorizes the export or import of natural gas, and FERC authorizes related facilities.)

In determining whether to approve or deny an application, FERC must deem the exportation or importation of natural gas to be consistent with the public interest.

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Current Status of Bill HR 7176

Bill HR 7176 is currently in the status of Bill Introduced since January 31, 2024. Bill HR 7176 was introduced during Congress 118 and was introduced to the House on January 31, 2024. Bill HR 7176's most recent activity was Motion to reconsider laid on the table Agreed to without objection. as of February 15, 2024

Bipartisan Support of Bill HR 7176

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Policy Area and Potential Impact of Bill HR 7176

Primary Policy Focus

Alternate Title(s) of Bill HR 7176

Unlocking our Domestic LNG Potential Act of 2024Unlocking our Domestic LNG Potential Act of 2024Unlocking our Domestic LNG Potential Act of 2024To repeal restrictions on the export and import of natural gas.

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