H. R. 7176, titled the “Unlocking our Domestic LNG Potential Act of 2024,” seeks to amend the Natural Gas Act to remove existing restrictions on the export and import of natural gas. It grants the Federal Energy Regulatory Commission (FERC) exclusive authority to approve or...
Simple Explanation
The bill is like a new rule to make it easier to trade natural gas across countries by letting a group called FERC decide if it's okay, while keeping some powers for the President to stop trade with certain countries if needed.