This bill would streamline the approval process for liquefied natural gas (LNG) terminals and related export and import facilities by giving the Federal Energy Regulatory Commission (FERC) exclusive authority to approve or deny applications, while removing certain other regulatory requirements. A key provision automatically deems natural gas imports and exports to be in the public interest, which would make it easier for companies to obtain permits for these projects. The bill also preserves the President's existing authority to prohibit natural gas trade with foreign countries designated as state sponsors of terrorism or under U.S. sanctions. The legislation would primarily benefit natural gas producers and energy companies seeking to expand domestic LNG export capacity, though it could affect communities where terminals are proposed and U.S. energy policy more broadly.