H.R. 2926: National Energy Dominance Council Act of 2025

This bill, named the National Energy Dominance Council Act of 2025, aims to establish a new council within the Executive Office of the President called the National Energy Dominance Council. Its primary function will be to advise the President on strategies to enhance U.S. energy production and dominance. Here are the main points of the bill:

Establishment of the Council

- The National Energy Dominance Council is created to focus on increasing energy production in the U.S.- The council will be composed of various high-ranking officials, including the Secretary of the Interior (who will serve as chair), the Secretary of Energy (vice chair), and heads of several other agencies related to environmental policy, economic policy, and national security.

Duties of the Council

- **Advisory Role**: The council will provide recommendations on: - Ways to enhance energy production and improve the processes involved, including permitting and regulation. - Cooperation between federal officials and the private sector in energy matters. - Consistency in energy production policies. - **National Energy Dominance Strategy**: The council must provide a strategy that: - Sets goals for energy dominance. - Advocates for reducing bureaucratic red tape and outdated regulations. - Promotes private sector investment in energy production and innovation. - **Market Review**: Within 100 days of enactment, the council must review energy markets vital for providing energy to homes and businesses and seek feedback from governmental and private sector representatives on expanding energy production. - **Agency Recommendations**: The council will advise on actions federal agencies can take to: - Increase electricity capacity and reopen closed power plants. - Facilitate faster approval of energy infrastructure projects, particularly for natural gas pipelines. - Provide incentives for private sector investment in energy.- **Public Awareness**: The council will recommend strategies to raise public awareness about energy issues, including the importance of reliable energy and the jobs supported by the energy sector.

Coordination and Administration

- The council is required to coordinate its efforts with pertinent presidential advisors on domestic and economic policy.- The council will convene meetings as needed, chaired by the Secretary of the Interior or, in their absence, by the Secretary of Energy.- The council will have a staff to assist in carrying out its responsibilities and must cooperate with other federal agencies to obtain necessary information.

Representation on the National Security Council

- The bill amends the National Security Act to include the Secretary of the Interior as a representative on the National Security Council, thus ensuring that energy production considerations are integrated into national security discussions.

Relevant Companies

• XOM (Exxon Mobil Corporation): As one of the largest publicly traded oil and gas companies, ExxonMobil's operations and investments may be significantly influenced by changes in energy production and regulatory policies stemming from this bill.
• CVX (Chevron Corporation): Like Exxon, Chevron is a major player in the energy sector, and its strategies regarding energy production and investment could shift as a result of the council's recommendations.
• DUK (Duke Energy Corporation): As a significant electric utility company, Duke Energy's infrastructure and capacity for energy production could be affected by the facilitation of energy infrastructure projects outlined in the bill.
• NEE (NextEra Energy, Inc.): A leader in renewable energy projects, NextEra may experience changes in regulatory support and investment incentives as the council seeks to enhance energy production across various sectors.