S 1372 · 114th Congress · Foreign Trade and International Finance

American Crude Oil Export Equality Act

Introduced 2015-05-19· Sponsored by Sen. Heitkamp, Heidi [D-ND]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S3062-3063)(2015-05-19)

Plain Language Summary

[AI summary unavailable — showing source text] American Crude Oil Export Equality Act Amends the Energy Policy and Conservation Act to repeal the authority of the President to restrict exports of: coal, petroleum products, natural gas, or petrochemical feedstocks; and materials or equipment which he determines necessary for either exploration, production, refining, or transportation of energy supplies, or for construction or maintenance of energy facilities within the United States. Amends the Mineral Leasing Act to repeal limitations on exports of oil. Amends the Outer Continental Shelf Lands Act to repeal limitations on export of Outer Continental Shelf oil or gas on the lands within its purview. Declares without force or effect: the limitation placed upon crude oil exports by the Export Administration Act of 1979, and a specified regulation relating to crude oil (but retains its full force and effect with respect to crude oil exports from the Strategic Petroleum Reserve [SPR]). Requires a license from the Bureau of Industry and Security of the Department of Commerce for export to a country of crude oil only if: the country is subject to sanctions or trade restrictions imposed by the United States, the President or Congress h…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

1 Democrat2 Republicans