The House Committee on Energy and Commerce plans to develop a bill addressing five policy areas and creating a comprehensive energy package before bringing it to the House floor for consideration later this year.
On Monday, the committee released its "Architecture of Abundance" plan, a five-part proposal designed to address modernizing infrastructure; maintaining diverse electricity generation; permitting a manufacturing renaissance; harnessing energy efficiency and innovation, and unleashing energy diplomacy.
"Our energy realities have changed dramatically. We've gone from bust to boom practically overnight," said U.S. Rep. Fred Upton (R-MI), the committee's chairman. "However, today's energy policies are lagging far behind. We need policies that meet today's needs and are focused on the future."
For the oil and natural gas industry, the plan calls for building more domestic, cross-border and transmission pipelines and for reducing "red tape in the permitting process." It also calls for enacting policies and procedures to protect energy infrastructure through with improved emergency coordination and information sharing, ensure robust and transparent energy markets, and bring added levels of accountability to decision-makers."
Last December, Upton and two other lawmakers -- Sen. Lisa Murkowski (R-AK) and Rep. Ed Whitfield (R-KY) -- asked the U.S. Environmental Protection Agency (EPA) and the Federal Energy Regulatory Commission to explain any collaboration between the two agencies over the EPA proposed Clean Power Plan (see Daily GPI, Dec. 23, 2014).