Make Energy Affordable Act

To direct the President to transmit to Congress a plan to address rising energy prices in the United States, and for other purposes. 1. Short title This Act may be cited as the Make Energy Affordable Act 2. Plan to address rising energy prices (a) Report Not later than December 31, 2021, the President, in consultation with the Secretary of Energy, the Secretary of the Interior, the Secretary of Labor, the Administrator of the Energy Information Administration, the Federal Energy Regulatory Commission, and the Administrator of the Environmental Protection Agency shall develop and transmit to Congress a report on rising energy prices in the United States that includes— (1) information on— (A) if higher energy prices have led to increases in consumer prices across the economy; and (B) how many energy sector jobs in the United States have been lost since January 1, 2021, and the outlook for such jobs in the coming years; (2) a description of specific actions that Federal agencies are currently taking, or are planning to take in the immediate future— (A) to address rising energy prices and energy supply shortages; (B) to increase oil and natural gas production in the United States; and (C) to streamline permitting processes for energy projects; (3) a list of each energy project for which a final decision on an application submitted for a Federal permit or other approval has not been issued; (4) a list of each energy project that has received Federal approval and for which State or local approval is pending; (5) analyses and projections for residential and commercial electricity and fuel prices for the next 12 months; (6) an assessment of recent Federal actions, regulations, and policies that may be causing or contributing to energy price increases, including assessment of the impacts on energy prices of revoking the permit for the Keystone XL pipeline, imposing a moratorium on fossil energy development on Federal lands and waters, reinstating a ban on crude oil exports, and releasing petroleum products from the Strategic Petroleum Reserve; and (7) a plan to address rising energy prices in the United States that— (A) considers all energy sources; and (B) includes regulatory reforms and other Federal actions to— (i) reduce the energy burden of households, including the high energy burden that minority and low-income families disproportionately face; (ii) streamline the permitting process for, and delivery of, energy projects; and (iii) ensure the energy independence of the United States. (b) Forecasts (1) Monthly updates Not later than 1 month after the date of enactment of this Act, and monthly thereafter, the President shall provide to the Committee on Energy and Commerce of the House of Representatives and the Committee on Energy and Natural Resources of the Senate forecasts, for the next 6 months and the next 12 months, for— (A) residential energy price trends; (B) impacts of energy prices on low-income households; and (C) actions by Federal agencies to mitigate energy price increases, including actions to identify and address energy supply shortages. (2) Comparison included In carrying out paragraph (1), the President shall provide— (A) forecasts using current Federal policies and laws; and (B) a description of the potential impacts on such forecasts if proposed Federal polices and legislation, including international climate commitments submitted by the United States, are implemented or enacted.

Summary: Make Energy Affordable Act This bill requires the President to report on the rising energy prices. In addition, the President must provide updates on residential energy price trends, impacts of energy prices on low-income households, and actions by federal agencies to mitigate energy price increases.