summary
Introduced
02/03/2015
02/03/2015
In Committee
02/06/2015
02/06/2015
Crossed Over
Passed
Dead
01/03/2017
01/03/2017
Introduced Session
114th Congress
Bill Summary
To adapt to changing crude oil market conditions. Amends the Energy Policy and Conservation Act to repeal authority to restrict the export of: (1) coal, petroleum products, natural gas, or petrochemical feedstocks; and (2) supplies of materials or equipment necessary to maintain or further exploration, production, refining, or transportation of energy supplies, or for the construction or maintenance of energy facilities within the United States. Prohibits any federal official from imposing or enforcing any restriction on the export of crude oil. Requires the Secretary of Energy to study and make recommendations on the appropriate size, composition, and purpose of the Strategic Petroleum Reserve.
AI Summary
This bill aims to adapt to changing crude oil market conditions by repealing existing authority to restrict the export of coal, petroleum products, natural gas, petrochemical feedstocks, and materials or equipment needed for energy production and facilities within the United States. It explicitly prohibits any federal official from imposing or enforcing restrictions on crude oil exports, reflecting a finding that the U.S. is a leading oil producer and should uphold free trade principles. Additionally, the bill requires the Secretary of Energy to study and make recommendations regarding the appropriate size, composition, and purpose of the Strategic Petroleum Reserve, which is a government-owned stockpile of crude oil intended to reduce the impact of severe energy supply disruptions.
Committee Categories
Business and Industry, Transportation and Infrastructure
Sponsors (13)
Joe Barton (R)*,
Marsha Blackburn (R),
Jim Bridenstine (R),
John Carter (R),
Steve Chabot (R),
K. Michael Conaway (R),
Kevin Cramer (R),
Bill Flores (R),
Trent Franks (R),
Randy Neugebauer (R),
Robert Pittenger (R),
Matt Salmon (R),
Joe Wilson (R),
Last Action
Referred to the Subcommittee on Energy and Power. (on 02/06/2015)
Official Document
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