|America's independent, non-partisan advocate for overburdened taxpayers.||Home | Donate | RSS | Log in|
“YES” on H.R. 6, the “Domestic Prosperity and Global Freedom Act.”
June 24, 2014
NTU urges all Representatives to vote “YES” on H.R. 6, the “Domestic Prosperity and Global Freedom Act.” This legislation would expedite current pending liquefied natural gas (LNG) export applications and streamline the process for future applicants.
Only seven years ago, the U.S. imported 16 percent of our natural gas; based on current projections, we could become a net exporter by 2020. Today, we are the number one natural gas producer in the world due to the shale gas revolution. However, in 2013, domestic consumption of natural gas was flat, indicating limited prospects for ramped-up production unless new markets are made available. The industry’s growth potential, if unleashed, could provide up to 45,000 jobs between now and 2018. To ensure the proper economic policies are in place to nurture these benefits, H.R. 6 declares U.S. natural gas open for business.
H.R. 6 amends the Natural Gas Act to expand the field of exports to include countries that are World Trade Organization members, speed up the approval process, and increase export transparency. By more fully entering global markets where regional price disparities create numerous opportunities for U.S. LNG to be profitable, natural gas production could continue to be a source of much-needed jobs and future prosperity.
Roll call votes on H.R. 6 will be significantly weighted in NTU’s annual Rating of Congress and a “YES” vote will be considered the pro-taxpayer position.
If you have any questions, please contact NTU Federal Affairs Manager Nan Swift at (703) 683-5700