Bill > HCRes17

This Concurrent Resolution expresses the sense of Congress, meaning it conveys the opinion of both the House of Representatives and the Senate, that the Federal Government should refrain from imposing new restrictions on the export of crude oil and other petroleum products. It highlights that the United States has experienced significant economic benefits and enhanced energy security due to increased domestic energy production and the repeal of export restrictions in 2015, which allowed the U.S. to become a leading global energy producer and a net exporter of petroleum products. The resolution acknowledges that current law already prohibits most oil export restrictions, with exceptions for national security or when dealing with foreign entities or governments subject to U.S. sanctions, such as those designated as state sponsors of terrorism.