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I have watched, listened, learned and played the markets for about 25 years. At first my interest reflected a natural curiosity about business, but after legal training I graduated into a more educated and holistic view of the market as a reflection of litigation, law, news, market share,... More
  • H.R. 580: Expedited LNG For American Allies Act Of 2013 Just Hit 40 Cosponsors  0 comments
    Apr 25, 2013 11:08 AM

    This bill, which would expedite natural gas export by directly authorizing it to NATO countries, Japan and any country the US has a free trade agreement (or it makes strategic sense to support), just hit 40 cosponsors (2 just added). This is indicative that this bill, and this topic of export is getting senate attention, and if cosponsors are being added, negotiations and discussions are making progress towards sufficient numbers to attempt passage. This is a bellwhether for export.

    HR 580 IH

    113th CONGRESS

    1st Session

    H. R. 580

    To enhance the energy security of United States allies, and for other purposes.

    IN THE HOUSE OF REPRESENTATIVES

    February 6, 2013

    Mr. TURNER (for himself, Mr. SHIMKUS, Mr. SAM JOHNSON of Texas, Mr. WESTMORELAND, Mr. MCCLINTOCK, Mr. POMPEO, Mr. JOHNSON of Ohio, Mr. LANKFORD, Mr. LATTA, Mr. BARLETTA, Mrs. LUMMIS, Mr. RENACCI, and Mr. RYAN of Ohio) introduced the following bill; which was referred to the Committee on Energy and Commerce


    A BILL

    To enhance the energy security of United States allies, and for other purposes.

      Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

    SECTION 1. SHORT TITLE.

      This Act may be cited as the 'Expedited LNG for American Allies Act of 2013'.

    SEC. 2. EXPEDITED APPROVAL OF EXPORTATION OF NATURAL GAS TO UNITED STATES ALLIES.

      Section 3(c) of the Natural Gas Act (15 U.S.C. 717b(c)) is amended--

        (1) by inserting '(1)' before 'For purposes';

        (2) by striking 'nation with which there is in effect a free trade agreement requiring national treatment for trade in natural gas' and inserting 'foreign country described in paragraph (2)'; and

        (3) by adding at the end the following:

      '(2) A foreign country described in this paragraph is--

        '(NYSE:A) a nation with which there is in effect a free trade agreement requiring national treatment for trade in natural gas;

        '(NYSE:B) a member country of the North Atlantic Treaty Organization;

        '(NYSE:C) subject to paragraph (3), Japan; and

        '(NYSE:D) any other foreign country if the Secretary of State, in consultation with the Secretary of Defense, determines that exportation of natural gas to that foreign country would promote the national security interests of the United States.

      '(3) The exportation of natural gas to Japan shall be deemed to be consistent with the public interest pursuant to paragraph (1), and applications for such exportation shall be granted without modification or delay under that paragraph, during only such period as the Treaty of Mutual Cooperation and Security, signed at Washington January 19, 1960, and entered into force June 23, 1960 (11 UST 1632; TIAS 4509), between the United States and Japan, remains in effect.'.

    SEC. 3. EFFECTIVE DATE.

      The amendments made by section 2 shall apply with respect to applications for the authorization to export natural gas under section 3 of the Natural Gas Act (15 U.S.C. 717b) that are pending on, or filed on or after, the date of the enactment of this Act.

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