A US bill that would raise the nation’s debt ceiling includes provisions that would reform the nation’s permitting regime,which should make it easier to develop infrastructure that would provide the chemical industry with feedstock as well as speed up renewable energy projects.The Fiscal Responsibility Act of 2023,known as HR 3746,still needs to pass the House Rules Committee before the full chamber of the House of Representatives can vote on it.The bill would establish a single lead agency for individual projects that require reviews under the National Environmental Policy Act(NEPA).The lead agency has a twoyear deadline to study and develop an environmental impact statement for projects deemed environmentally complex.For projects that are not deemed environmentally complex,it will have a one-year deadline.Companies applying for the permits can sue the government if it misses the deadline.
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