American Gas for Allies Act

Hozzl · 2023-12-15T15:55:28Z

Explore the details of House Bill 1497 American Gas for Allies Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Energy. Stay informed on legislative developments.

12/15/2023, 3:55 PM

Summary of Bill HR 1497

The American Gas for Allies Act, also known as Bill 118 hr 1497, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to authorize the export of natural gas to certain countries that are allies of the United States.

The bill aims to strengthen diplomatic and economic ties with these allies by providing them with access to American natural gas resources. This would not only benefit the US economy by increasing exports, but also help to reduce the dependence of these countries on other, potentially less stable, sources of energy.

The American Gas for Allies Act includes provisions to ensure that the natural gas exports are conducted in a manner that is consistent with US national security interests. It also requires the Secretary of Energy to report to Congress on the impact of these exports on domestic natural gas prices and the overall energy market. Overall, the American Gas for Allies Act is aimed at promoting energy security and strengthening relationships with key allies through the export of natural gas. It is currently being debated in Congress and may undergo further revisions before potentially being passed into law.

Congressional Summary of HR 1497

American Gas for Allies Act

This bill deems the exportation of liquefied natural gas (LNG) for allied countries to be consistent with the public interest for purposes of the National Gas Act during the next three years. Thus, the bill allows such exports to be expedited during that time period. In order to be expedited, the LNG export must be for (1) a member country of the North Atlantic Treaty Organization, or (2) any other foreign country if the Department of State determines that the export of LNG to that country would promote the national security interests of the United States.

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Current Status of Bill HR 1497

Bill HR 1497 is currently in the status of Bill Introduced since March 9, 2023. Bill HR 1497 was introduced during Congress 118 and was introduced to the House on March 9, 2023. Bill HR 1497's most recent activity was Referred to the Subcommittee on Energy, Climate and Grid Security. as of March 17, 2023

Bipartisan Support of Bill HR 1497

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 1497

Primary Policy Focus

Energy

Alternate Title(s) of Bill HR 1497

American Gas for Allies Act

To provide that, for a 3-year period, applications for the exportation of natural gas to member countries of the North Atlantic Treaty Organization be granted without modification or delay, and for other purposes.