We have received text from H.R. 7592: Zero-Based Regulatory Budgeting to Unleash American Energy Act of 2026. This bill was received on 2026-02-17, and currently has 7 cosponsors.
Here is a short summary of the bill:
This bill, known as the "Zero-Based Regulatory Budgeting to Unleash American Energy Act of 2026", aims to implement significant changes to how certain regulations are managed by specific government agencies. The key points of the bill are summarized below:
Covered Agencies
The bill identifies several “covered agencies” responsible for regulating energy and natural resources, which include:
- The Department of Energy;
- The Bureau of Land Management;
- The Bureau of Ocean Energy Management;
- The Bureau of Safety and Environmental Enforcement;
- The Office of Surface Mining Reclamation and Enforcement;
- The Federal Energy Regulatory Commission.
Definition of Covered Regulations
“Covered regulations” are defined as rules that fall under the authority of the covered agencies and pertain to specific energy-related laws. These regulations include but are not limited to those enacted under the Atomic Energy Act of 1954, various Energy Policy Acts, and other laws relevant to energy and natural resources.
Sunset Provision for Existing Regulations
The bill mandates that all existing covered regulations will automatically expire one year after the bill is enacted unless they are amended to include an extension.
Sunset Provision for New Regulations
For any new regulations established after the bill’s enactment, they will have a maximum lifespan of five years. However, the head of the covered agency may extend this period under certain conditions:
- If the regulation is determined to have a net deregulatory effect, they may waive the sunset requirement.
- Public comments must be solicited before any extension beyond five years can be granted.
Enforcement of Expired Regulations
If a covered regulation expires and is not extended, it will cease to have any legal effect, and the applicable agency will no longer enforce it. They will also be required to remove such expired regulations from the official Code of Federal Regulations promptly.
Administrative Provisions
The bill clarifies that it does not diminish the authority granted to any executive department or agency. Moreover, it specifies that no part of the bill creates new rights or benefits that can be enforced against the U.S. government or its agencies.
Severability Clause
If any part of the bill is found to be unconstitutional, it will not affect the validity of the remaining provisions.
Relevant Companies
- XOM (Exxon Mobil Corp): As a major energy company, changes in regulations surrounding energy production could affect their operational flexibility and costs.
- CVX (Chevron Corporation): Similar to Exxon, Chevron would be impacted by any changes in the regulatory environment governing oil and gas exploration and production.
- SLB (Schlumberger Limited): This oilfield services company may experience changes in demand for its services depending on how regulatory changes impact exploration activities allowed under the new regulations.
Representative Craig Goldman Bill Proposals
Here are some bills which have recently been proposed by Representative Craig Goldman:
- H.R.7592: Zero-Based Regulatory Budgeting to Unleash American Energy Act of 2026
- H.R.7034: To amend the Internal Revenue Code of 1986 to eliminate the dollar limitations on the exclusion of gain from sales of principal residences, and for other purposes.
- H.R.5264: SPEED for Broadband Infrastructure Act of 2025
- H.R.4758: Homeowner Energy Freedom Act
- H.R.3875: TERMS Act
- H.R.3341: LIT Act of 2025
You can track bills proposed by Representative Craig Goldman on Quiver Quantitative's politician page for Goldman.
Representative Craig Goldman Net Worth
Quiver Quantitative estimates that Representative Craig Goldman is worth $25.3M, as of February 24th, 2026. This is the 50th highest net worth in Congress, per our live estimates.
Goldman has approximately $8.7M invested in publicly traded assets which Quiver is able to track live.
You can track Representative Craig Goldman's net worth on Quiver Quantitative's politician page for Goldman.
2026 Texas's 12th Congressional District Election
There has been approximately $5,311,983 of spending in Texas's 12th congressional district elections over the last two years, per our estimates.
Approximately $2,387,271 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- DEFEND AMERICAN JOBS ($1,450,182)
- CONSERVATIVES FOR AMERICAN EXCELLENCE INC. ($373,873)
- AMERICA LEADS ACTION INC. ($358,470)
- TEXANS FOR FREEDOM ($88,776)
- NATIONAL ASSOCIATION OF REALTORS POLITICAL ACTION COMMITTEE ($76,741)
The rating for this race is currently "Solid R".
You can track this election on our matchup page for the 2026 Texas's 12th congressional district election.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
