Cochran backing ‘no-cost stimulus’

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Published: February 5,2010

Tags: Congress, energy, jobs, recession, stimulus

WASHINGTON — Sen. Thad Cochran (R-Miss.) is among a group of Senate and House lawmakers who are asking President Obama to support their effort to enact the No Cost Stimulus Act to spur greater job creation in the private sector through new energy policies. These would include the development of offshore resources the Gulf of Mexico among other initiatives.

Cochran, vice chairman of the Senate Appropriations Committee, signed a letter to the President advocating the No Cost Stimulus Act (S.570) as the basis for affordably creating more jobs and strengthening U.S. energy security. The letter, authored by Sen. David Vitter (R-La.), was issued as the Senate turns its attention to legislation intended to improve the unemployment situation, which sits at more than 10 percent in Mississippi.

“There are a number of policy changes that could effectively result in more job creation. I co-sponsored the No Cost Stimulus Act because it would remove some of the regulatory impediments that stifle American energy production and the hiring of workers,” Cochran said.

S.570, like HR.1431—a House companion bill, would direct federal agencies to take actions to facilitate the development of energy resources from the Gulf of Mexico, the Outer Continental Shelf and Arctic National Wildlife Refuge. The legislation would encourage the development of oil shale, tar sands and other unconventional fuel sources, as well as the construction of new nuclear power plants. The proposal also addresses federal environmental restrictions that often impede or delay domestic energy production. It would create trust funds to advance renewable and alternative energy sources.

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