Unlocking our Domestic LNG Potential Act of 2023

HR 647 clarifies that the Federal Energy Regulatory Commission (FERC) has exclusive authority to approve or deny applications for U.S. LNG export facilities, including terminals. The bill directly affects LNG companies seeking to build or expand export infrastructure by streamlining FERC's review process. Key provisions redesignate sections of the Natural Gas Act to specify FERC's role while adding that the bill does not limit the President's authority to impose sanctions on foreign entities under existing laws. It explicitly preserves presidential power to restrict LNG exports during national emergencies or sanctions enforcement. The bill focuses on regulatory clarity for LNG exports without creating new environmental or financial requirements.