To provide for a limitation on availability of funds for U.S. Department of Interior, Bureau of Ocean Energy Management for fiscal year 2024.
Impact
If enacted, HB 2172 would significantly affect federal funding and operational capacity pertaining to ocean energy management. By capping the budget to zero, the bill would effectively cease all operations funded through these federal resources during the specified fiscal year. This could lead to consequences for ongoing projects and initiatives that require federal support, potentially stalling research, enforcement, and development within America's ocean energy sector.
Summary
House Bill 2172 aims to impose a funding limitation on the U.S. Department of Interior's Bureau of Ocean Energy Management for the fiscal year 2024. This bill, introduced by Mr. Biggs and others, seeks to restrict the appropriated funds for the Bureau to a maximum of $0. The intent behind this bill is likely to address concerns regarding the management and oversight of ocean energy resources, impacting federal operations in this sector. Supporters of the bill may argue that such funding restrictions could promote alternative energy policies or reduce government expenditure in areas they believe are over-regulated or poorly managed.
Contention
The bill is anticipated to generate debate among legislators, particularly regarding its implications for environmental regulation and energy production. Supporters may contend that limiting funds aligns with a broader goal of reducing governmental control over energy production, while opponents may argue it undermines crucial regulatory oversight necessary for ensuring environmental protection and sustainable ocean resource management. This dichotomy reflects a common tension in energy policy discussions, where economic concerns often clash with environmental priorities.
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