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S. Rept. 114-138 1 (2015-09-09)

handle is hein.congrecreports/crptxscf0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP Calendar No. 218 114TH CONGRESS REPORT 1st Session SENATE 114-138 THE ENERGY POLICY MODERNIZATION ACT OF 2015 SEPTEMBER 9, 2015.-Ordered to be printed Ms. MURKOWSKI, from the Committee on Energy and Natural Resources, submitted the following REPORT [To accompany S. 2012] The Committee on Energy and Natural Resources, having consid- ered an original bill (S. 2012) to provide for the modernization of the energy policy of the United States, and for other purposes, re- ports favorably thereon and recommends that the bill do pass. CONTENTS Page Purpose of the M easure .......................................................................................... 1 Background and N eed ............................................................................................. 1 Legislative H istory ................................................................................................. 9 Committee Recommendation and Tabulation of Votes ......................................... 10 Section-by-Section Analysis .................................................................................... 10 Cost and Budgetary Considerations ....................................................................... 32 Regulatory Im pact Evaluation ................................................................................ 32 Congressionally Directed Spending ........................................................................ 33 Executive Com m unications ..................................................................................... 33 Changes in Existing Law ........................................................................................ 33 PURPOSE The purpose of this measure is to provide for the modernization of the energy policy of the United States. BACKGROUND AND NEED The United States' rising status as an energy superpower is predicated on the continued development and wise use of our en- ergy resources. Sweeping increases in energy production and sig- nificant advances in innovative technologies are creating new op- portunities for the nation, while looming threats and the simple passage of time are generating new challenges. With the United 49-010

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