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Bill > HR7176


US HR7176

Unlocking our Domestic LNG Potential Act of 2024


summary

Introduced
01/31/2024
In Committee
01/31/2024
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

AN ACT To repeal restrictions on the export and import of natural gas.

AI Summary

This bill, the Unlocking our Domestic LNG Potential Act of 2024, aims to repeal restrictions on the export and import of natural gas. Specifically, it grants the Federal Energy Regulatory Commission (FERC) the exclusive authority to approve or deny applications for the construction, expansion, or operation of facilities to export or import natural gas, including LNG (liquefied natural gas) terminals. The bill deems the exportation or importation of natural gas to be consistent with the public interest, with some exceptions allowing the President to prohibit imports or exports under certain laws, such as those related to national security or sanctions on foreign countries.

Committee Categories

Business and Industry

Sponsors (32)

Last Action

Motion to reconsider laid on the table Agreed to without objection. (on 02/15/2024)

bill text


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