To provide for a report that develops recommended United States energy security valuation methods.

Bill: 114-hr-3923
Sponsor: full_name: Rep. Hudson, Richard [R-NC-8]
Introduced: 2015-11-04
Policy area: Energy
Subjects: Competitiveness, trade promotion, trade deficits

Congressional oversight

Economic performance and conditions

Energy prices

Energy storage, supplies, demand

Government studies and investigations
Latest action: action_date: 2015-11-06
text: Referred to the Subcommittee on Energy and Power.

Summaries:
action_date: 2015-11-04
action_desc: Introduced in House
text: <p>This bill directs the Department of Energy to develop and report to specified congressional committees, after public notice and comment, recommended U.S. energy security valuation methods.</p> <p>The report shall:</p> <ul> <li>evaluate and define U.S. energy security to reflect modern domestic and global energy markets and the collective needs of the United States and its allies and partners;</li> <li>identify procedures and criteria to ensure that energy-related actions that significantly affect the supply, distribution, or use of energy are evaluated with respect to their potential impact on energy security, consumers and the economy, energy supply diversity and resiliency, well-functioning and competitive energy markets, the U.S. trade balance, and national security objectives; and </li> <li>recommend an implementation strategy meeting specified requirements.</li> </ul>

tv_txt: I 114th CONGRESS 1st Session H. R. 3923 IN THE HOUSE OF REPRESENTATIVES November 4, 2015 Mr. Hudson introduced the following bill; which was referred to the Committee on Energy and Commerce A BILL To provide for a report that develops recommended United States energy security valuation methods.

1. Energy security valuation (a) Establishment of Energy Security Valuation Methods Not later than one year after the date of enactment of this Act, the Secretary of Energy, in collaboration with the Secretary of State, shall develop and transmit, after public notice and comment, to the Committee on Energy and Commerce and the Committee on Foreign Affairs of the House of Representatives and the Committee on Energy and Natural Resources and the Committee on Foreign Relations of the Senate a report that develops recommended United States energy security valuation methods. In developing the report, the Secretaries may consider the recommendations of the Administration’s Quadrennial Energy Review released on April 21, 2015. The report shall— (1) evaluate and define United States energy security to reflect modern domestic and global energy markets and the collective needs of the United States and its allies and partners; (2) identify transparent and uniform or coordinated procedures and criteria to ensure that energy-related actions that significantly affect the supply, distribution, or use of energy are evaluated with respect to their potential impact on energy security, including their impact on— (A) consumers and the economy; (B) energy supply diversity and resiliency; (C) well-functioning and competitive energy markets; (D) United States trade balance; and (E) national security objectives; and (3) include a recommended implementation strategy that identifies and aims to ensure that the procedures and criteria referred to in paragraph (2) are— (A) evaluated consistently across the Federal Government; and (B) weighed appropriately and balanced with environmental considerations required by Federal law. (b) Participation In developing the report referred to in subsection (a), the Secretaries may consult with relevant Federal, State, private sector, and international participants, as appropriate and consistent with applicable law.