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The American Energy Renaissance Act

March 27, 2014

WASHINGTON, DC -- U.S. Sen. Ted Cruz, R-Texas, and Congressman Jim Bridenstine, R-Oklahoma-1, today introduced companion legislation, S. 2170 and H.R. 4286, to empower the private sector to create good-paying, American jobs and spur economic growth by harnessing our nation's energy resources and removing federal impediments to energy exploration, development and trade. These bills will also provide a real reset of our foreign policy so we are no longer beholden to unfriendly nations for our energy needs, and can use our own resources to exert our influence around the globe, notably in Ukraine.

"We are on the cusp of a Great American Energy Renaissance that will create both a stronger economy and a stronger America," said Sen. Cruz. "The energy revolution that is already underway can produce the jobs and opportunities that our country needs to grow. A booming new energy economy can also provide critical resources to our allies so they are no longer energy dependent on petro-tyrants, such as Russia's Vladimir Putin. This 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."

"Despite the Obama Administration's hostility to fossil fuels, the U.S. is the world's largest natural gas producer and third largest - and fastest growing - crude oil producer. The United States is poised to develop and export energy to the advantage of the American economy and permanently reduce Russia's control over European energy markets," Rep. Bridenstine added. "Control a nation's energy and you control the nation. The biggest hurdle to the American energy renaissance - and European energy security - is not Moscow, but Washington D.C. Our bill frees up the private sector and gets the government out of the way."

Both bills will prevent federal regulation of hydraulic fracturing, facilitate the expansion of domestic refining capacity, improve processes to develop energy infrastructure, stop EPA overreach and its war on coal, force Congress and the President to approve any new EPA regulations that kill jobs, broaden energy development on federal land, open offshore exploration, expand U.S. energy exports, and dedicate additional revenues to debt reduction.

Specifically, S. 2170 and H.R. 4286 propose the following: