The House Energy and Commerce Committee Chairman formally introduced the ‘North American Energy Infrastructure Act’ last week, with a hearing to examine the legislation set to take place today. The proposed act will create a regulatory process around the construction of cross-border oil and gas pipelines and electric transmission lines. The bipartisan legislation looks to enhance North America’s ability to transport growing energy supplies. For more information, see below:

http://energycommerce.house.gov/press-release/upton-and-green-introduce-legislation-modernize-and-reform-cross-border-energy-project-approvals

A summary and link to the bill can be seen here:

http://energycommerce.house.gov/fact-sheet/north-american-energy-infrastructure-act

Will this help keep long-term natural gas prices low in North America? Could this have an impact on the US’s stated goal of energy independence? What do you think?