White House Council of Economic Advisers analysis says a bipartisan permitting-reform bill to speed energy project approvals could boost U.S. growth by 0.28–0.56% annually—about $82–164bn in added output—if environmental reviews are accelerated. The CEA says the measure would lower electricity bills and raise real wages nationwide. Supporters call it a once-in-a-generation chance to sharply shorten federal approval timelines for oil pipelines, wind farms and other energy projects. The bill is a

White House Council of Economic Advisers analysis says a bipartisan permitting-reform bill to speed energy project approvals could boost U.S. growth by 0.28–0.56% annually—about $82–164bn in added output—if environmental reviews are accelerated. The CEA says the measure would lower electricity bills and raise real wages nationwide. Supporters call it a once-in-a-generation chance to sharply shorten federal approval timelines for oil pipelines, wind farms and other energy projects. The bill is a priority for President Trump and Congress is expected to vote on it after next week’s midterm elections.