Bipartisan Energy Bill: Innovation Key to US Energy Superpower Status

Bipartisan Energy Bill: Innovation Key to US Energy Superpower Status
Pump jacks and wells are seen in an oil field on the Monterey Shale formation where hydraulic fracturing, or fracking, is used to extract gas and oil near McKittrick, Calif., on March 23, 2014. David McNew/Getty Images
Alan McDonnell
Updated:
The U.S. Senate voted overwhelmingly on Monday to take up the American Energy Innovation Act (AEIA)—a bipartisan bill that proponents say will comprehensively update the nation’s energy regulations. According to the Department of Energy, the bill “will modernize domestic energy laws to ensure the United States remains a global energy leader while also strengthening national security, increasing our international competitiveness, and investing in clean energy technologies.”
The AEIA (pdf) was introduced last week by U.S. Sen. Lisa Murkowski (R-Alaska), chairman of the Senate Committee on Energy and Natural Resources, and Sen. Joe Manchin (D-W.Va.). Senate Majority Leader Mitch McConnell (R-Ky.) filed cloture on Feb. 27 on a motion to proceed to Bill S.2657 (pdf), a geothermal R&D bill that Murkowski and Manchin are using as the legislative vehicle for their broader AEIA energy package. Senators voted to commence consideration of the bill by 84 votes to 3.