House Passes SPEED Act to Streamline Energy and Infrastructure Permitting

NRECA CEO Jim Matheson reacts to the U.S. House’s passage of the SPEED Act, which aims to streamline federal permitting for energy and infrastructure projects, and discusses its potential impact on rural communities.

WASHINGTON, D.C. (RFD-TV) — The House passed legislation aimed at speeding up energy and infrastructure development in rural America. The bill, known as the SPEED Act, is designed to reform the federal permitting process, which supporters say has delayed thousands of projects each year.

Western Caucus Chairman Doug LaMalfa has emphasized the need for full passage of the measure, warning that lengthy federal reviews continue to stall critical infrastructure improvements. The bill now heads to the U.S. Senate for consideration.

Jim Matheson, CEO of the National Rural Electric Cooperative Association (NRECA), joined us on Friday’s Market Day Report to discuss what the SPEED Act could mean for rural electric cooperatives and the communities they serve.

In an interview with RFD-TV News, Matheson explained why permitting reform is a top priority for electric cooperatives, which provide reliable, affordable power to more than 42 million Americans across 48 states. He said delays in federal permitting can slow down essential upgrades and expansions needed to meet growing energy demand in rural areas.

Matheson noted that the SPEED Act has been years in the making and reflects long-standing concerns from co-ops about regulatory bottlenecks. He also discussed how the legislation would streamline permitting under the National Environmental Policy Actand how it complements the PERMIT Act, which focuses on reducing red tape associated with the Clean Water Act. He emphasized that faster, more predictable permitting could ultimately benefit consumers by lowering costs, improving reliability, and allowing electric cooperatives to invest more quickly in infrastructure improvements.

Related Stories
American Soybean Association President Caleb Ragland joins us to share his reaction to September’s WASDE and discuss the trade uncertainty between China and his industry.
U.S. producers are holding off on equipment investments amid financial pressure, market uncertainty, a rising demand for diesel, and growing desperation for trade wins.
Rep. Mike Simpson (R-ID) joined us on Champions of Rural America to share his insights on upcoming changes to public land management and how they will benefit agriculture and the Western working class.
RealAg Radio host Sean Haney joins us for a Canadian perspective on President Trump’s controversial tariff rollout, lower court rulings, and upcoming review by the U.S. Supreme Court.
The Interior Department is proposing to repeal the Bureau of Land Management’s Public Lands Rule. This move would make huge strides to empower local decision-making and restore balance between conservation and protecting rural livelihoods tied to these public lands.
With new renewable volume obligations announced this year, the Iowa Soybean Association says they’ll be vital to a farmer’s bottom line.
Pressure to lower gas prices across the Golden State could be the saving grace of this year’s corn harvest. California may soon be the final U.S. state to approve E-15 sales.
Both Congressional Ag Committees took up the bill over the summer, but there’s no word on when the Senate could move forward; it does expire on September 30.
Tom Peterson with the New Mexico Cattle Growers Association says taxpayers are “unfortunate casualties” of this overlay now that the Mexican wolf population is stable under ESA guidelines.

LATEST STORIES BY THIS AUTHOR:

Recent USDA export sales data show China has been active in the U.S. market, but analysts tell RFD-TV News that the timing is a key clue.
USDA Undersecretary Luke Lindberg told RFD-TV News that we can only guess what Congress will do down the road. Still, the USDA recognizes its responsibility to spend resources efficiently and effectively.
Tight feeder supplies and lower placements indicate continued support for the cattle market, with regional impacts heightened in Texas by reduced feeder imports.
National Land Realty’s Jeramy Stephens shares his outlook on farmland market trends, which remain under close watch as new federal assistance programs roll out — with experts analyzing potential impacts on land values, buying, and stability.
Michelle Perez shares more about the American Farmland Trust’s resource to help farmers and producers plan soil health improvements.
Farm CPA Paul Neiffer outlines the key difference between previous ECAP payments and the Farm Bridge Assistance Program.