American Energy Solutions for Lower Costs and More American Jobs Act (H.R. 2)
The American Energy Solutions for Lower Costs and More American Jobs Act would expand U.S. energy production and reduce bureaucratic red-tape in order to lower energy prices, create and protect over a million good-paying American jobs, strengthen our economy, and improve our energy security.
- Increases Offshore Production
- Requires the Administration to move forward with new offshore energy production in areas containing the most oil and natural gas resources.
- Requires the Secretary of the Interior to conduct oil and natural gas lease sales that have been delayed or cancelled by the Obama Administration.
- Implements a fair, equitable revenue sharing program for all coastal states.
- Generates over $1 billion in new revenue over ten years according to the Congressional Budget Office and could create up to 1.2 million jobs long-term.
- Increases Onshore Production
- Reforms the leasing process for onshore oil and natural gas projects on federal lands to eliminate unnecessary delays.
- Reforms the process for energy permitting, once a lease is in hand, to encourage the timely development of our federal resources.
- Sets clear rules for the development of U.S. oil shale resources.
- Establishes common sense steps to create an all-of-the-above American energy plan using our vast federal resources.
- Modernizes and updates the bidding process for oil and natural gas leases by allowing Internet-based auctions.
- Reauthorizes onshore energy pilot offices, which have proven effective in streamlining energy permitting on federal lands.
- Ensures that oil and natural gas resources in the National Petroleum Reserve-Alaska (NPR-A) are developed and transported in a timely, efficient manner.
- Streamlines burdensome and duplicative government regulations that are blocking Indian tribes from developing energy resources on their own land.
- Prevents Duplicative Hydraulic Fracturing Regulations
- Prohibits the Administration from enforcing federal hydraulic fracturing regulations in any state that already has regulations and recognizes states’ authority to regulate this activity.
- According to a study by John Dunham & Associates, the Obama Administration’s proposed regulation would cost at least $345 million annually.
- Protects American Coal Mining Jobs
- Prevents the Administration from continuing a wasteful process to develop new coal regulations that could cost 7,000 jobs and cause economic harm in 22 states.
- Promotes New Hydropower
- Expands production of clean, renewable hydropower by removing outdated federal statutory barriers and streamlining administrative and regulatory processes.
- Authorizes hydropower development at existing, man-made water canals and pipes at 12 Bureau of Reclamation projects.
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