Brady brings American Energy Act to House floor
WASHINGTON, DC – Today, Congressman Brady stood with his Republican colleagues on the front steps of the U.S. Capitol urging the Democratic Congress to accept the American Energy Act and bring this vital legislation to the floor before lawmakers leave for their August break.
“How high does gas have to get before Congress will act? How many families will be hurt, how many small businesses will go under, how hard will our economy be hit before Speaker Pelosi allows an up-or-down vote on producing more American-made energy?” said Brady, who has used his seat on the Ways and Means Committee to create incentives for conservation, renewable energy and producing more oil and gas in U.S. coastal waters and ANWR. He is a co-sponsor of the American Energy Act.
Brady notes, “Congress has voted on conservation. We’ve voted on renewable energy. Why can’t we get a vote on more exploration?”
The American Energy Act will address three pertinent aspects of our energy agenda. It will increase American made energy, improve energy conservation and efficiency, and promote renewable and alternative energy technologies. Primarily the bill seeks to increase American-made supply by opening America ’s deep water ocean resources which will provide three million barrels of oil per day, open the Arctic coastal plain yielding over one million barrels of oil per day, and to allow development of our nation’s shale oil resources, which will add 2.5 million barrels of additional oil daily.
Brady adds, “The Democrats have done nothing but offer gimmicks as an energy plan for America , so now we are nearly 70% dependent on foreign oil and paying for it at the pump. When are Nancy Pelosi and her team going to get serious and insist that America take more responsibility for our daily energy needs?”
The legislation also provides tax incentives for businesses and families that purchase more fuel efficient vehicles and for businesses that improve their energy efficiency. It will establish a renewable energy trust fund using revenues generated by exploration in the deep ocean and on the Arctic coastal plain, and will permanently extend the tax credit for alternative energy production, including wind, solar and hydrogen.