House Bill Aims To Strip Obama Of Keystone Permit Authority

Law360, New York (February 7, 2012, 5:24 PM EST) -- The U.S. House of Representatives' Committee on Energy and Commerce voted Tuesday to approve a bill that would remove President Barack Obama’s authority over TransCanada Corp.'s proposed Keystone XL pipeline and empower the Federal Energy Regulatory Commission to approve the project within 30 days.

The Energy and Commerce Committee voted 33-20 to send H.R. 3548, the North American Energy Access Act, to the full House for a vote. The bill, sponsored by Rep. Lee Terry, R-Neb., would allow construction to begin on a pipeline from Alberta,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.