Section 1 Short title
This Act may be cited as the “Expedite Our Economy Act of 2013”.
Expedite Our Economy Act of 2013
A BILL
To amend the Department of Energy Organization Act to transfer regulatory authority over exports of natural gas from the Secretary of Energy to the Federal Energy Regulatory Commission, and for other purposes.
Sec. 2 Jurisdiction of the Federal Energy Regulatory Commission
Transfer of functions— Section 402(a)(1) of the Department of Energy Organization Act (42 U.S.C. 7172(a)(1)) is amended—
in subparagraph (E), by striking “; and” and inserting a semicolon;
in subparagraph (F), by striking the period at the end and inserting “; and”; and
by adding at the end the following new subparagraph:
“(G) the regulation of the exportation of natural gas under section 3 of the Natural Gas Act.”
Conforming amendment— Section 402(f) of the Department of Energy Organization Act (42 U.S.C. 7172(f)) is amended by striking “the exports or imports of natural gas or electricity” and inserting “the imports of natural gas, or the exports or imports of electricity,”.
Sec. 3 Report on global exports of natural gas production
Not later than 180 days after the date of the enactment of this Act, the Secretary of State shall submit to Congress a report on the following:
The economic policies of foreign countries with natural gas resources and reserves as such policies relate to the development and production of their natural gas resources and reserves and the extent and status of their natural gas resources and reserves.
The potential to export the natural gas production of such foreign countries to the global market and the impact of the export of such natural gas production on the global market.
A description of actions taken by the United States Government to foster natural gas exports to foreign countries that may have an interest in importing natural gas from the United States.