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Morning Glory: How to power the second Trump economic boom

5 1
05.12.2024

Fox News correspondent Douglas Kennedy reports on the Biden White House's proposed boat speed restrictions that some say could cause unintended consequences.

Three federal agencies work together to throttle tens of thousands of new housing units every year: The United States Army Corps of Engineers ("USACOE"), the Environmental Protection Agency ("EPA") and the United States Fish & Wildlife Service ("USFWS"). These three vast bureaucracies administer a pair of fifty-year-old statutes—the Clean Water Act ("CWA") and the Endangered Species Act ("ESA")—in perverse ways that neither protect the "navigable waters" of the country nor the species and subspecies listed as "endangered" or "threatened" by the USFWS.

When these three agencies and two statutes combine, the result is a giant-sized tangled tumbleweed of rules, regulations and permit requirements. The result of that enormous ball of red tape is a vast housing shortage and enormous obstacles to the extraction of energy from the ground and the construction of "small, modular nuclear reactors" (SMRs) that should power this country for the next couple of centuries and perhaps beyond.

TRUMP CAN UNLEASH A HOUSING BOOM BY ENDING THE ‘ENDANGERED SPECIES’ SCAM

It is certainly possible for the new Trump teams at the Departments or Defense and Interior and the Environmental Protection Agency to issue clear and precise directives for a regulatory package necessary to cut the five-decade-developing Gordian knot that these agencies and laws have wrought, and to do so on January 22, 2025. But it would still take a minimum of a month to draft and two months to publish a proposed rule and another three months to collect comments and finish a rule-making—and then the litigation from opponents of progress for people would start. The new leadership should begin that process of ordering up a "national Section 10(a) permit" for the taking all listed species after payment of significant fee, combined with a national Section 404 permit whenever such species are on or near........

© Fox News


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