Energy and Power Subcommittee Approves Bills to Fight High Energy Costs and Protect America's Economy
WASHINGTON, DC - The Energy and Commerce Subcommittee on Energy and Power today approved two key pieces of legislation under the American Energy Initiative, the Jobs and Energy Permitting Act and the Transparency in Regulatory Analysis of Impacts on the Nation Act, or TRAIN Act. Both bipartisan bills passed out of the subcommittee by voice vote.
The Jobs and Energy Permitting Act, led by subcommittee members Cory Gardner (R-CO) and Gene Green (D-TX), would allow oil gas exploration in the Outer Continental Shelf by streamlining the Environmental Protection Agency's permitting process and eliminating the needless regulatory delays that have prevented energy development in these waters for years.
The TRAIN Act, introduced by subcommittee Vice Chairman John Sullivan (R-OK) and Rep. Jim Matheson (D-UT), would require an interagency committee to conduct an analysis of the cumulative economic impacts of several rules that would increase energy costs and threaten manufacturing and job growth in the United States. This analysis will provide a greater understanding of how these regulations are impacting America's global competiveness, energy prices, and jobs.
"I am pleased to send these two bills to the full Energy and Commerce Committee for action," said subcommittee Chairman Ed Whitfield (R-KY). "The TRAIN Act would provide a much needed cumulative analysis of the effects EPA's proposed regulations and actions will have on jobs and the economy. Further, the Jobs and Energy Permitting Act would enable the U.S. to responsibly access and develop our own domestic resources in the Outer Continental Shelf in order to reduce our energy dependence on unstable supply lines from foreign nations. I look forward to advancing these bills through the full committee and the House."