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American Energy for American Consumers Act
12/29/2022, 10:03 PM
Summary of Bill HR 7102
The bill focuses on several key areas to achieve this goal. First, it aims to streamline the permitting process for energy projects on federal lands, making it easier for companies to develop and produce energy resources within the country. This is intended to reduce reliance on foreign energy sources and create jobs in the domestic energy sector.
Additionally, the American Energy for American Consumers Act includes provisions to encourage the development of renewable energy sources, such as wind and solar power. This is seen as a way to diversify the country's energy portfolio and reduce greenhouse gas emissions. The bill also addresses energy infrastructure, calling for improvements to the nation's energy grid and pipelines to ensure a reliable and efficient energy supply for American consumers. Overall, the American Energy for American Consumers Act is aimed at promoting energy independence, creating jobs, and reducing reliance on foreign energy sources. It is a comprehensive piece of legislation that seeks to address various aspects of the country's energy policy in order to benefit American consumers and the economy as a whole.
Congressional Summary of HR 7102
American Energy for American Consumers Act
This bill requires the President to promulgate a rule prohibiting the export of crude oil and finished motor gasoline produced in the United States. The prohibition may not end until the earlier of (1) the date that the President determines the national average price for unleaded gasoline has been, for at least 30 days, at or below the national average price for unleaded gasoline on January 1, 2022; or (2) the date that the President determines is the formal end to the conflict between Russian and Ukraine.
The President may exempt from the prohibition exports of crude oil or finished motor gasoline as the President determines to be in the national interest or for national security purposes.
