Promoting Cross-border Energy Infrastructure Act

HR 3062 creates a new federal approval process for cross-border energy infrastructure projects, such as oil/gas pipelines and electricity transmission lines between the U.S. and Canada or Mexico. It requires the Federal Energy Regulatory Commission (for oil/gas pipelines) or the Secretary of Energy (for electricity lines) to issue a "certificate of crossing" within 120 days, unless the project is deemed not in the U.S. public interest. The bill also speeds up natural gas import/export approvals to 30 days for Canada/Mexico and removes the need for Presidential permits for most new projects, while protecting existing permits from revocation. This directly affects energy companies planning or operating cross-border infrastructure, streamlining approvals but maintaining environmental and reliability standards.