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Ban on Fossil Fuel Exports: Impact on US Energy Prices

This bill aims to reinstate the ban on exporting crude oil and natural gas produced in the United States. This could affect energy availability and prices domestically, potentially lowering costs for consumers, but also altering trade relations with other countries. The President would have the power to grant exemptions to this ban in justified cases.
Key points
Reinstates the ban on exporting crude oil and natural gas from the US, potentially impacting domestic fuel prices.
Grants the President authority to restrict exports of other fossil fuels and energy-related materials.
Allows for exemptions to the export ban if deemed consistent with the national interest.
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Citizen Poll
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Additional Information
Print number: 118_HR_3488
Sponsor: Rep. Espaillat, Adriano [D-NY-13]
Process start date: 2023-05-18