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Senators clinch construction permitting reform deal before election
cnbc.com • • nation
Key Points:
- Senators reached a bipartisan agreement on a construction permitting reform deal aimed at expediting federal permit processes for energy projects and critical infrastructure, addressing longstanding delays that hinder power capacity expansion.
- The "Bipartisan American Affordability and Jobs Act" would streamline permitting for both fossil fuel and clean energy projects, while requiring data center developers to cover their own energy transmission costs.
- Key senators involved in the deal emphasized that the measure would lower energy costs, boost infrastructure development, and promote a cleaner, more affordable energy future.
- The bill is set to be a top Senate priority during the upcoming lame-duck session after the November midterm elections, with plans to make it the first vote upon return.
- Senators also highlighted that permitting reform, alongside government funding, will be critical legislative focuses in the post-election session.
