The Republican Policy Committee
Envisioned as the principal forum for the consideration of forward-looking legislative initiatives the Policy Committee is an important means for every member of the Conference to develop sound legislative ideas into meaningful legislation.

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Democrat 'No' Energy Bill a far Cry from Reform

Saturday, the Democrats in Congress once again showed they have no concept of the Energy Industry. I voted in opposition to the Democrat “NO Energy” legislation (H.R. 2776 and H.R. 3221) as they passed the House of Representatives on a mostly party line vote.

The 800 page so-called “energy” bill that the Democrats passed takes our nation in the wrong direction on the road to energy independence. This legislation will have an adverse impact on our economy and our energy security by increasing taxes on traditional energy companies by more than $15 billion.

I have repeatedly said that the only way we can attain energy security is to encourage new sources of energy AND expand on traditional sources. This legislation misses the mark. It does not offer a single pro-energy provision and will cause gas prices to rise and create an even greater energy shortage. It presses the heavy hand of the government on the American people by requiring a renewable fuels standard and focusing entirely on environmental solutions at the expense of traditional energy production.

Smaller, Independent companies produce more than 90f our nation’s energy, yet H.R. 3221 and H.R. 2776 will increase taxes on these companies; forcing them to limit their investment into additional production, cut jobs and ultimately harm our economy. We need sensible government policies, not more regulations that are detrimental to our economy and our way of life.


This legislation is opposed by nearly every pro-business and pro-energy organization including the U.S. Chamber of Commerce, National Taxpayers Union and the Independent Petroleum Association of America. The President has rightly threatened to veto this legislation and I will continue to urge my colleagues produce a real energy bill that takes the proper steps to ensure that America’s energy supply is as abundant and affordable as the market will allow.

For information on Energy Independence and Security, visit www.conawayblog.com

Posted by Congressman Mike Conaway (TX - 11) (08-06-2007, 02:53 PM) filed under HRPC Member

Comments

Comment by: Pete P
August 07, 2007 12:21 PM

Representative Conaway makes some good points. The House Majority does not get it. We need to produce more energy not less. Not only does our economy need good energy policies and sensible government action, but we also need to produce more energy to win the war on terror.

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