The House Energy and Commerce Committee would target a wide range of Biden administration climate programs while advancing Republican goals for oil and natural gas in its portion of reconciliation text.
The committee is scheduled to begin its markup Tuesday of legislative text that includes energy and environment subtitles. The budget resolution told the panel to find savings and new revenue totaling at least $880 billion.
A preliminary estimate from the Congressional Budget Office distributed by Democrats found that the energy, environment and communications subsection would reduce the deficit by at least $197 billion over the 2025 to 2034 period. The health care subtitle would reduce the deficit by at least $715 billion over the same period, the estimate said.
