This bill streamlines the approval process for liquefied natural gas (LNG) export and import terminals by giving the Federal Energy Regulatory Commission (FERC) sole authority to approve or deny such projects. Currently, FERC must determine whether LNG exports serve the public interest, but this bill removes that requirement by automatically deeming all natural gas imports and exports consistent with the public interest. The legislation affects energy companies seeking to build or expand LNG facilities, as well as the natural gas and export industries. The bill preserves the President's existing power to block imports or exports from countries designated as state sponsors of terrorism or subject to U.S. sanctions under laws like the International Emergency Economic Powers Act. No specific funding or implementation timeline is included in the legislation.
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