The 10 Promises › Proposal 3 of 10 · Jump to sign
3. The Cheap Energy, Lower Costs Act
Cheap power lowers the price of everything.
“their safety and interest require that they should promote such manufactories, as tend to render them independent on others, for essential, particularly for military supplies.”George Washington, First Annual Message to Congress, January 8, 1790 · Read the source
Founding principle: A free people must be able to supply themselves.
What it does
- Holds federal onshore oil and gas lease sales every quarter and offshore sales on a fixed five-year schedule.
- Requires the Nuclear Regulatory Commission to decide reactor license applications, including small modular reactors, within 18 months. Safety standards do not change; the deadline sets how fast the decision comes, not what it must find.
- One-year decision deadline for interstate pipelines and transmission lines, with no change to safety standards.
- Repeals federal energy mandates and subsidies that the Energy Information Administration finds raise consumer electricity or fuel prices, unless Congress votes to keep them.
- The aim is lower bills. Prices also depend on world markets, so savings are projected, not guaranteed.
Why it matters to you
Lower bills at the pump and at home, and more money left in your pocket every month.
Legislative instrument: Bill (H.R.), with a Senate companion bill (S.).
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