Summary
The Grow American Supply Act aims to increase domestic energy production by expanding oil and gas leasing in offshore areas and streamlining the federal approval process for energy projects. The bill proposes using a portion of the revenue generated from these new leases to help reduce the national debt and provide additional funding for the Social Security Trust Fund. Additionally, it would establish guidelines for turning decommissioned offshore platforms into artificial reefs and promote the development of alternative resources like oil shale and natural gas hydrates.
AI-generated summary
Lifecycle of the Bill
No events recorded for this stage yet.
No events recorded for this stage yet.
