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Easier Oil Export: Fewer Restrictions for Companies.

This bill aims to ease crude oil exports from the United States. It revises the President's authority to impose export restrictions. Such restrictions would only be possible in cases of severe oil shortages or high prices directly impacting US employment, and only after a national emergency declaration.
Key points
Fewer export restrictions: The President will have a harder time imposing crude oil export bans.
Restrictions only in crisis: Export bans will only be possible if there are oil shortages or very high prices that harm US jobs.
Requires joint findings: Defense, Energy, and Commerce Secretaries must jointly find and report a problem to the President and Congress to impose restrictions.
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Additional Information
Print number: 118_HR_1481
Sponsor: Rep. Arrington, Jodey C. [R-TX-19]
Process start date: 2023-03-09