Smith Urges Vote on American Energy Act'
Today, Congressman Lamar Smith became an original cosponsor of HR 6566: The American Energy Act - a comprehensive measure that will increase the supply of American-made energy, improve conservation and efficiency, and promote renewable and alternative energy technologies. House Republicans will push for vote on the legislation before Congress adjourns for the August recess.
"The American people have spoken and their voice is loud and clear," said Smith. "They want Congress to allow the development of American energy sources to help bring down prices at the pump. This bill accomplishes just that."
To increase the supply of American-made energy in environmentally sound ways, the legislation will:
Open America's energy-rich deep ocean resources, Arctic coastal plain, and Inter-Mountain West oil shale resources for more environmentally-safe oil and gas exploration, while removing bureaucratic red tape that hinders the construction of new refineries.
To improve American energy conservation and efficiency, the legislation will:
Provide tax incentives for businesses and families that improve their energy efficiency, including by purchasing more fuel efficient vehicles, while awarding a monetary prize to the first entrepreneur to develop an economically feasible, super-fuel-efficient vehicle (reaching 100 miles-per-gallon).
To promote American alternative and renewable energy technologies, the legislation will:
o Establish a renewable energy trust fund using revenues generated by exploration in the deep ocean and on the Arctic coastal plain.
o Eliminate barriers to the expansion of emission-free nuclear power production.
o Permanently extend the tax credit for alternative energy production, including wind, solar and hydrogen.
o Repeal the prohibition on government purchasing of alternative energy.
o Promote coal-to-liquids technology.
"Democratic Party leaders should heed the will of the American people and schedule a vote to increase our American energy supply," urged Smith.