Sen. Cruz and Rep. Bridenstine Introduce American Energy Renaissance Act
Press Release
U.S. Sen. Ted Cruz, R-Texas, and Rep. Jim Bridenstine, R-OK-1, today introduced the American Energy Renaissance Act to empower the private sector to create good-paying American jobs, spur economic growth and expand opportunity. The companion legislation, introduced in the U.S Senate as S. 791 and in the House of Representatives as H.R. 1487, will harness our nation's energy resources and remove federal impediments to energy exploration, development and trade. The legislation will also reduce American dependence on unfriendly nations for our energy needs, and ensure the United States will be able to exert its influence and support its allies around the world.
"Today America faces a pivotal question," said Sen. Cruz. "Will we lead the world into a new generation of American prosperity led by the great American energy renaissance we're experiencing, or will we instead shut off our borders, erect walls, and allow our friends and allies to be dependent on tyrants like Vladimir Putin or Nicolás Maduro? We need to come together in a bipartisan manner to say we support jobs, we support economic growth, and we support standing united alongside our friends and allies in defense of freedom. This legislation is a win-win. The only thing the federal government needs to do is get out of the way and let Americans do what they do best: dream, innovate, and prosper."
"Oil and gas production on private lands created the entire energy boom over the past few years," said Rep. Bridenstine. "Our proposed changes in law and policy will open federal lands and reverse policies that cripple the free market and inhibit innovation and private investment. Opening federal lands to oil and gas development, allowing exports and infrastructure improvements, and stopping regulatory overreach will greatly expand U.S. energy production.
We can enhance national security by using America's resources to provide energy to our allies, particularly those in Eastern Europe currently in thrall to Russian energy supplies, while we simultaneously lower domestic energy costs, sustain the drive toward U.S. energy security, and support a strong economy. The American Energy Renaissance will be a win on all fronts."
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