A Gerson Lehrman Group analyst says Congress is likely to hold off on passing legislation to regulate hydrofracking:
The EPA has delayed a study of fracking's effect on drinking water that the Congress ordered last year because the study has not been funded. Congress will not consider legislation until the EPA completes its study.
Currently, fracking is exempt from regulation under the Safe Drinking Water Act, and regulation of the industry is largely up to the states.
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