Hoeven: One Big Beautiful Bill Will Help Make U.S. Energy Dominant

Senator Outlines OBBB Policies to Help Stabilize the Grid, Secure the Future of American Energy

BISMARCK, N.D. - Senator John Hoeven today held a press conference with Representative Julie Fedorchak and Senator Kevin Cramer, where Hoeven outlined how the One Big Beautiful Bill (OBBB) will help make the U.S. energy dominant. The senator discussed how the legislation incentivizes the coal and oil and gas industries to work together to help stabilize the electrical grid and produce more energy from America's abundant resources. The bill:

• Unlocks access to taxpayer-owned oil, gas and coal reserves. To this end, the legislation requires the Interior Department to:
• • Hold quarterly lease sales for oil and gas.
  • Take prompt action on new coal lease applications.
  • Open for leasing an additional 4 million acres of known recoverable federal coal reserves.
• Rolls back Green New Deal policies imposed under the Biden administration, including:
• • Stopping the Inflation Reduction Act (IRA) fee on oil and gas production, also known as the Natural Gas Tax, for 10 years. Hoeven led the effort in the Senate to block implementation of President Biden's Natural Gas Tax.
  • Reducing federal royalty rates for oil, gas and coal production to their pre-IRA levels.
  • Aligning incentives to encourage partnerships between coal and oil producers, helping coal-fired power plants to stay online longer, while maximizing the potential of oil and gas wells, including in the Bakken.

"Between the regulatory and tax relief we've provided in President Trump's One Big Beautiful Bill, we're securing the future of energy production in North Dakota, supporting the stability of our electrical grid by keeping our coal plants online and helping make the U.S. truly energy dominant," said Hoeven. "Importantly, we're stopping the Green New Deal policies from the last administration and taking the handcuffs off of energy production on federal lands. At the same time, we're supporting partnerships between coal, oil and gas producers that will secure the future of energy production in North Dakota and across the nation. That's how you ensure we can meet the demands of emerging industries, like AI, while ensuring affordable and reliable energy for American consumers and businesses."

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