H.B. No. 2890 establishes a new chapter in the Texas Government Code, specifically Chapter 760, which creates the Gulf States Liquefied Natural Gas Industry Compact. This legislation grants the governor the authority to develop and execute an interstate compact for the liquefied natural gas industry with states bordering the Gulf of America. The compact aims to facilitate joint actions among the participating states, focusing on sharing information, resources, and services to protect and grow the liquefied natural gas industry along the Gulf Coast, as well as to improve coordination for greater effectiveness and efficiency in the sector.

Additionally, the bill specifies that congressional approval is not required for the compact, emphasizing that it should not increase the political power of the compacting states in relation to the federal government. The act will take effect immediately upon receiving a two-thirds vote from both houses of the legislature; otherwise, it will become effective on September 1, 2025.

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