,,ii #aai? ,,congress #a/ ,session ,s4 #cede ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,decemb] #ag1 #bjbe,mr4 ,m>key 7= himself1 ,ms4 ,w>r51 ,mr4 ,wyd51 ,mr4 ,m]kley1 & ,mr4 ,s&]s7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to am5d ! ,en]gy ,policy & ,cons]vation ,act to ban ! export ( natural gas produc$ 9 ! ,unit$ ,/ates1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,l[]+ ,am]ican ,en]gy ,co/s ,act ( #bjbe4 #b4 ,f9d+s ,congress f9ds t-- 7#a7 ! ,f$]al ,gov]nm5t has repeat$ly f\nd t natural gas exports lead to increas$ dome/ic gas & electricity prices1 z evid5c$ by-- 7,a7 a ,novemb] #bjbe analysis by ! ,en]gy ,in=mation ,adm9i/ration1 :i* pr$icts t natural gas prices 9 #bjbf w be #af p]c5t high] ?an 9 #bjbe due to increas$ liquefi$ natural gas 7ref]r$ to 9 ?is section z ,,lng7 exports2 7,b7 a ,decemb] #bjbd /udy by ! ,dep>tm5t ( ,en]gy1 :i* det]m9$ t-- 7i7 uncon/ra9$ exports ( ,unit$ ,/ates ,,lng are project$ to increase :olesale dome/ic natural gas prices by #ca p]c5t by #bjej1 n acc\nt+ = ! additional price impact ( ,,lng exports on natural gas price volatility2 7ii7 volatility 9 ! global natural gas m>ket w fur!r increase co/s on dome/ic consum]s & indu/ry z ,unit$ ,/ates natural gas exports increase2 7iii7 ,unit$ ,/ates h\seholds w pay up to an additional #abb p] ye> on av]age 9 high] natural gas & electricity co/s by #bjej2 & 7iv7 ! ,unit$ ,/ates indu/rial sector w pay an additional #abe1jjj1jjj1jjj 9 high] en]gy co/s by #bjej z a result ( ris+ ,unit$ ,/ates ,,lng exports2 7,c7 a ,janu>y #bjbd report f ! ,en]gy ,in=mation ,adm9i/ration1 :i* f\nd t1 9 ! ,unit$ ,/ates1 ! price ( natural gas is ! mo/ important driv] ( :olesale electricity prices because natural gas is (t5 ! highe/-co/ fuel = electricity g5]ation2 7,d7 a #bjah /udy by ! ,dep>tm5t ( ,en]gy1 :i* f\nd t produc+ increm5tal natural gas volumes to support natural gas exports w increase ! m>g9al co/ ( supply+ natural gas & !re=e raise dome/ic natural gas prices42 & 7,e7 a #bjab /udy by ! ,en]gy ,in=mation ,adm9i/ration1 :i* f\nd t increas$ natural gas exports lead to increas$ natural gas prices4 & t l>g] export levels lead to l>g] dome/ic price increases1 :ile rapid increases 9 export levels lead to l>ge initial price increases42 7#b7 accord+ to rese>* by ,public ,citiz51 f ,janu>y #bjbe ?r\gh ,septemb] #bjbe1 h\seholds 9 ! ,unit$ ,/ates paid #ab1jjj1jjj1jjj m = natural gas ?an f ! same p]iod 9 #bjbd1 a #bb p]c5t price increase t translates to a r\ghly #abd price hike = ! av]age h\sehold2 7#c7 accord+ to ! ,in/itute = ,en]gy ,economics & ,f9ancial ,analysis1 surg+ ,unit$ ,/ates ,,lng exports f ,septemb] #bjba to ,decemb] #bjbb l$ to ! %>pe/ rise ( :olesale gas prices 9 ov] a decade1 co/+ dome/ic consum]s #aaa1jjj1jjj1jjj 9 high] en]gy bills2 7#d7 ! ,unit$ ,/ates is already ! l>ge/ produc] ( natural gas & l>ge/ export] ( ,,lng 9 ! _w1 & cont9ues to set records = ,,lng exports1 includ+ t-- 7,a7 9 #bjbe1 ! ,unit$ ,/ates _h multiple record-sett+ mon?s = ,,lng exports2 & 7,b7 9 ,octob] #bjbe1 ! ,unit$ ,/ates became ! fir/ c\ntry 9 ! _w to surpass #aj1jjj1jjj metric tons wor? ( ,,lng exports 9 a s+le mon?2 7#e7 natural gas is prim>ily compos$ ( me?ane1 :i* is a dang]\s gre5h\se gas & ! second-l>ge/ contributor to atmosph]ic w>m+2 & 7#f7 natural gas infra/ructure1 includ+ pipel9es & ,,lng t]m9als1 lead to significant negative heal? outcomes = communities surr\nd+ ! pipel9es & t]m9als1 :i* is comp\nd$ by ! fact t new natural gas infra/ructure is disproportionately sit$ 9 communities t already h pollut+ infra/ructure4 #c4 ,dome/ic use ( en]gy supplies & relat$ mat]ials & equipm5t 7a7 ,9 g5]al ,! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fbja et seq47 is am5d$ by ins]t+ aft] section #aja ! foll[+3 #ajb4 ,dome/ic use ( en]gy supplies & relat$ mat]ials & equipm5t 7a7 ,export re/rictions ,! ,presid5t1 by rule1 "u su* t]ms & conditions z ! ,presid5t det]m9es to be appropriate & necess>y to c>ry out ! purposes ( ?is ,act1 %all re/rict exports ( natural gas = ! purpose ( keep+ dome/ic en]gy co/s l[4 7b7 ,prohibition ( export ( natural gas 7#a7 ,rule ,subject to p>agraph 7#b71 ! ,presid5t %all ex]cise ! au?ority provid$ "u subsection 7a7 to promulgate a rule prohibit+ ! export ( natural gas produc$ 9 ! ,unit$ ,/ates4 7#b7 ,exemptions 7,a7 ,9 g5]al ,9 accordance ) subp>agraph 7,a71 ! ,presid5t may exempt f a prohibition on ! export natural gas "u p>agraph 7#a7 any natural gas exports t ! ,presid5t det]m9es-- 7i7 to be consi/5t ) ! national int]e/ & w n unreasonably raise co/s = resid5tial consum]s2 or 7ii7 to be critical = ! national security (-- 7,i7 ! ,unit$ ,/ates2 or 7,,ii7 a c\ntry t is a /rategic int]national p>tn] or ally ( ! ,unit$ ,/ates4 7,b7 ,congressional approval ,be=e any exemption issu$ by ! ,presid5t may g into effect1 ! exemption mu/ be approv$ by a jo9t resolution ( ,congress4 4 7b7 ,cl]ical & con=m+ am5dm5ts 7#a7 ,cl]ical am5dm5t ,! table ( cont5ts = ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 prec4 #fbja7 is am5d$ by ins]t+ aft] ! item relat+ to section #aja ! foll[+3 #ajb4 ,dome/ic use ( en]gy supplies & relat$ mat]ials & equipm5t4 4 7#b7 ,con=m+ am5dm5t ,section #aja ( division ,o ( ! ,consolidat$ ,appropriations ,act1 #bjaf 7#db ,u4,s4,c4 #fbab;a71 is am5d$ by /rik+ subsections 7b7 ?r\gh 7d74