API Applauds Bipartisan House Passage Of SPEED Act

The American Petroleum Institute (API) today welcomed bipartisan passage of the Standardizing Permitting and Expediting Economic Development (SPEED) Act (H.R. 4776), a critical step toward modernizing a federal permitting system that has slowed infrastructure development, raised costs, and strained America’s ability to meet rapidly growing energy demand. API President and CEO Mike Sommers issued the following statement.

“We applaud the House for advancing the SPEED Act, a bipartisan, commonsense step toward fixing a federal permitting system that’s long been broken. By modernizing NEPA and reducing duplicative reviews and litigation, this bill restores certainty and helps unlock the infrastructure needed to deliver affordable, reliable energy and meet growing demand. We thank Chairman Westerman and Representative Golden for their leadership, and we look forward to working with the Senate to deliver the permitting relief America urgently needs.”

About The American Petroleum Institute (API)
The American Petroleum Institute (API) represents all segments of America’s oil and natural gas industry, supporting nearly 11 million U.S. jobs. With approximately 600 members, API companies produce, process, and distribute the majority of the nation’s energy. Founded in 1919, API has developed over 800 standards to enhance operational and environmental safety, efficiency, and sustainability.