Skip to main content
Tags: house | energy | costs | gop | senate

House GOP Passes Lower Energy Costs Bill, Possibly 'Dead' in Dem Senate

Thursday, 30 March 2023 01:05 PM EDT

The House passed a Republican energy reform bill intended to bolster U.S. oil and gas production while scaling back climate initiatives, the first major legislation of House Speaker Kevin McCarthy's majority.

The House passed the Lower Energy Costs Act by a mostly partisan 225-204 vote Thursday.

The bill would deliver on a top 2022 Republican campaign pledge to lower Americans' energy costs but faces little chance of making it through the Democrat-led Senate, where Majority Leader Chuck Schumer, D-N.Y., has declared it "dead on arrival."

"The Senate is not going to waste our time on a bill that sets America back decades on our transition to clean energy," Schumer said in a Senate speech shortly before the House vote.

Democrat leaders in both chambers have been calling the bill one that "puts polluters over people."

The White House has also said President Joe Biden would veto the measure if it were to make it to his desk.

But the vote was a symbolic victory for McCarthy that demonstrated his ability to hold his narrow 222-213 Republican majority together, as Congress prepares for bigger fights in coming months over the $31.4 trillion U.S. debt ceiling and funding for the federal government.

Republican leaders secured passage after overcoming reservations from at least five party members, which would have been enough to block legislation.

Party disagreement over the House bill partly reflected gaping divisions over how to streamline permitting for energy projects, a goal otherwise shared by both Republicans and Democrats.

Democrats want a permitting bill that will pave the way for a swifter adoption of clean energy technologies like solar and wind power that have received lucrative new subsidies under the Inflation Reduction Act, while Republicans are pushing for a renewed focus on fossil fuels.

Republicans billed the legislation as a solution to high U.S. gasoline prices that would bolster oil and gas production by reducing regulations, promoting energy development on federal lands and eliminating climate initiatives imposed by Democrats.

Democrats decried the legislation as a giveaway for the oil industry. They warned that it would also repeal a greenhouse gas reduction fund aimed at reducing pollution and creating green energy jobs, while also eliminating a methane reduction program that charges polluters for releasing the greenhouse gas.

With the bill's future in doubt, Republicans said they hoped to include provisions from the legislation in any agreement with Biden and his fellow Democrats to lift the federal government's borrowing limit.

© 2024 Thomson/Reuters. All rights reserved.


US
The House passed a Republican energy reform bill intended to bolster U.S. oil and gas production while scaling back climate initiatives, the first major legislation of House Speaker Kevin McCarthy's majority.
house, energy, costs, gop, senate
407
2023-05-30
Thursday, 30 March 2023 01:05 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved