Policy Impact Analysis - 117/HR/7012

Bill Overview

Title: Ukraine Assistance and American Energy Acceleration Act

Description: This bill provides funding for military, humanitarian, and other support to Ukraine, NATO members, and other countries affected by Russia's invasion of Ukraine. It also addresses various matters pertaining to domestic energy production and trade, including by (1) requiring the resumption of sales of onshore and offshore oil and gas leases, and (2) facilitating exports of natural gas from the United States.

Sponsors: Rep. Boebert, Lauren [R-CO-3]

Target Audience

Population: Individuals affected by Ukraine Assistance and American Energy Acceleration Act

Estimated Size: 10000000

Reasoning

Simulated Interviews

Oil Rig Worker (Texas)

Age: 54 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 20.0 years

Commonness: 9/20

Statement of Opinion:

  • I'm hopeful for more job stability and potential overtime which would help my family a lot.
  • I worry about environmental concerns but think the economic benefits outweigh them.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 8 6
Year 3 8 5
Year 5 9 5
Year 10 9 4
Year 20 9 4

Environmental Scientist (New York)

Age: 30 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 10.0 years

Commonness: 5/20

Statement of Opinion:

  • I'm worried this policy might slow down renewable energy progress.
  • Increased fossil fuel production is a step back from addressing climate goals.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 7
Year 2 6 7
Year 3 6 8
Year 5 5 8
Year 10 5 9
Year 20 5 9

Homemaker (Illinois)

Age: 45 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 5.0 years

Commonness: 12/20

Statement of Opinion:

  • I hope this will lower gas prices for everyday use.
  • I feel conflicted since I want a future with less reliance on fossil fuels for my kids.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 6 5
Year 3 6 5
Year 5 5 5
Year 10 5 5
Year 20 5 5

Renewable Energy Entrepreneur (Colorado)

Age: 38 | Gender: male

Wellbeing Before Policy: 8

Duration of Impact: 10.0 years

Commonness: 3/20

Statement of Opinion:

  • This policy might reduce investment interest in renewables, which could hurt business.
  • Long term I think innovation will win, but this is a setback.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 8
Year 2 7 8
Year 3 6 9
Year 5 6 9
Year 10 6 9
Year 20 7 9

Tech Industry Analyst (California)

Age: 29 | Gender: other

Wellbeing Before Policy: 6

Duration of Impact: 3.0 years

Commonness: 4/20

Statement of Opinion:

  • The energy sector is a changing landscape and this policy could shift investments.
  • It might lead to higher volatility in tech stocks tied to energy.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 6 7
Year 5 6 7
Year 10 6 7
Year 20 6 7

Small Business Owner (Ohio)

Age: 35 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 5.0 years

Commonness: 8/20

Statement of Opinion:

  • Financially, I barely break even because energy costs are so high.
  • I hope more natural gas means lower electricity bills.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 6 5
Year 3 6 5
Year 5 6 5
Year 10 6 5
Year 20 6 5

Retired Military (Florida)

Age: 60 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 2.0 years

Commonness: 10/20

Statement of Opinion:

  • I think supporting Ukraine is morally right and necessary.
  • I hope the increased energy production won't affect my utility bills too much.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 6 6
Year 5 6 6
Year 10 6 6
Year 20 6 5

College Professor (Pennsylvania)

Age: 50 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 5.0 years

Commonness: 6/20

Statement of Opinion:

  • This initiative could reshape global energy dynamics, something I find professionally intriguing.
  • There's also a personal concern about the environmental ramifications.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 7 7
Year 5 7 7
Year 10 6 7
Year 20 6 7

Substitute Teacher (Louisiana)

Age: 27 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 15.0 years

Commonness: 3/20

Statement of Opinion:

  • I hope this increases the demand for workers like me in the oil fields.
  • I worry about the long-term sustainability of the job market in this field.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 7 5
Year 3 7 5
Year 5 8 4
Year 10 8 3
Year 20 7 3

Nonprofit Director (Washington)

Age: 40 | Gender: female

Wellbeing Before Policy: 4

Duration of Impact: 10.0 years

Commonness: 4/20

Statement of Opinion:

  • My life's work involves reducing reliance on fossil fuels, and this feels like a step backward.
  • We need sustainable solutions, not more drilling.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 4 4
Year 2 4 5
Year 3 3 5
Year 5 3 6
Year 10 3 7
Year 20 4 8

Cost Estimates

Year 1: $20000000000 (Low: $15000000000, High: $25000000000)

Year 2: $18000000000 (Low: $14000000000, High: $22000000000)

Year 3: $15000000000 (Low: $12000000000, High: $18000000000)

Year 5: $10000000000 (Low: $7000000000, High: $13000000000)

Year 10: $5000000000 (Low: $3000000000, High: $7000000000)

Year 100: $0 (Low: $0, High: $0)

Key Considerations