Lower Energy Costs Act

Floor Speech

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Mr. EDWARDS. Mr. Chair, I rise today in strong support of H.R. 1, to lower energy costs. United States energy independence is critical to meeting domestic demand, and growing needs from the rest of the world.

Rather than pulling out all of the stops to keep domestic production moving forward to meet this increased demand, the Biden administration has instead begged the OPEC cartel to boost their output, culminating in a failed appeal from President Biden to the Saudi Crown Prince in July of last year. To me, this is exactly why we are here in support of H.R. 1 today.

As a result of the historic increases in inflation under the Biden administration, the average American family is spending an extra $395 to purchase the same monthly necessities as they did a year ago.

In November 2022, one in six families were behind on utility bills, and we are not out of the woods yet as natural gas prices rose over 14 percent just last month. This is especially concerning as 47 percent of U.S. households use natural gas to heat their homes.

The Lower Energy Costs Act seeks to reverse the troubling energy policy strategy that the Biden administration has carried out, and it prioritizes American energy dominance ahead of misguided Green New Deal-style policies.

Mr. Chair, I urge a ``yes'' vote on the Lower Energy Costs Act.

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