S. 3704, titled the “Unlocking Domestic LNG Potential Act of 2024,” proposes changes to the Natural Gas Act to grant the Federal Energy Regulatory Commission (FERC) the exclusive authority to approve or deny applications for building and operating facilities, including LNG...
Simple Explanation
The "Unlocking Domestic LNG Potential Act of 2024" wants to let a group called FERC decide on their own if big gas facilities can be built to send or bring in natural gas. The President can still stop gas exchanges if there are safety or punishment reasons.