H.R. 6724, known as the "Energizing American Shipbuilding Act of 2023," aims to boost the use of U.S.-built and U.S.-flagged vessels for exporting natural gas and crude oil. The bill sets specific percentage targets for these exports to be transported using such vessels, gradually increasing...
Simple Explanation
The "Energizing American Shipbuilding Act of 2023" is a bill that wants more natural gas and oil to be carried on ships that are made and operated by Americans, helping U.S. shipbuilders and workers while making sure some exceptions apply for certain trading partners.