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H.R. 702 (114th): To adapt to changing crude oil market conditions.

The text of the bill below is as of Sep 25, 2015 (Reported by House Committee).


IB

Union Calendar No. 203

114th CONGRESS

1st Session

H. R. 702

[Report No. 114–267, Part I]

IN THE HOUSE OF REPRESENTATIVES

February 4, 2015

(for himself, Mr. Conaway, Mr. Wilson of South Carolina, Mr. Chabot, Mr. Bridenstine, Mr. Franks of Arizona, Mrs. Blackburn, Mr. Salmon, Mr. Pittenger, Mr. Flores, Mr. Neugebauer, Mr. Carter of Texas, Mr. Cramer, and Mr. Pearce) introduced the following bill; which was referred to the Committee on Energy and Commerce, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

September 25, 2015

Additional sponsors: Mr. Poe of Texas, Mr. Marchant, Mr. Hensarling, Mr. Hill, Mr. Mullin, Mr. Cuellar, Mrs. Lummis, Mr. Babin, Mr. Cole, Mr. Harris, Mr. Ashford, Mr. Peterson, Ms. Eddie Bernice Johnson of Texas, Mrs. Ellmers of North Carolina, Mr. Long, Mr. Brady of Texas, Mr. Bishop of Michigan, Mr. Rodney Davis of Illinois, Mr. Pitts, Mr. Bucshon, Mr. Tipton, Mr. Gosar, Mr. Fleischmann, Mr. McKinley, Mr. Kelly of Pennsylvania, Mr. Sam Johnson of Texas, Mr. Lucas, Mr. Westerman, Mr. Zinke, Mr. Perlmutter, Mr. Veasey, Mr. Sensenbrenner, Mr. Bishop of Georgia, Mr. Russell, Mr. Meadows, Mr. Young of Alaska, Mr. DesJarlais, Mr. Rouzer, Mr. Schweikert, Mr. Calvert, Mr. Mulvaney, Mr. Boustany, Mr. Brat, Mrs. Black, Mr. Lamborn, Mr. Messer, Mr. Womack, Mr. Hultgren, Mr. Loudermilk, Mr. Rooney of Florida, Mr. Crawford, Mr. Murphy of Pennsylvania, Ms. McSally, Mr. Miller of Florida, Mr. Gibbs, Mr. Stutzman, Mr. Kline, Mr. Hudson, Mr. Ratcliffe, Mr. Benishek, Ms. Granger, Mr. Guthrie, Mr. David Scott of Georgia, Mr. Johnson of Ohio, Mr. McHenry, Mr. Ryan of Ohio, Mr. Yoho, Mr. Posey, Mr. Cook, Mr. Knight, Mr. Denham, Mr. Rohrabacher, Mr. Allen, Mr. Nugent, Mr. Amodei, Mr. Ross, Mr. Cooper, Mr. Webster of Florida, Mr. Newhouse, Mr. Mooney of West Virginia, Mrs. Hartzler, Ms. Sinema, Mr. Labrador, Mrs. Noem, Mr. Yoder, Mr. Schrader, Mr. Jordan, Mr. Walker, Mr. Duffy, Mr. Gohmert, Mr. Buck, Mr. Chaffetz, Mrs. Walorski, Mrs. Mimi Walters of California, Mrs. Love, Mr. Costa, Mr. Culberson, Mr. Bost, Mr. Thornberry, Mr. Coffman, Mr. Hinojosa, Mr. Collins of New York, Mr. Stivers, Mr. Byrne, Mr. Joyce, Mr. Curbelo of Florida, Mr. Moolenaar, Mr. Ribble, Mr. Luetkemeyer, Mr. Roe of Tennessee, Mr. Wittman, Mr. Wenstrup, Mr. Burgess, Mrs. Miller of Michigan, Mr. Austin Scott of Georgia, Mr. Guinta, Mr. Dent, Mr. Perry, Mrs. Comstock, Mr. Cárdenas, Mr. Scalise, Mr. Trott, Mr. Goodlatte, and Mr. Lipinski

September 25, 2015

Reported from the Committee on Energy and Commerce with an amendment

Strike out all after the enacting clause and insert the part printed in italic

September 25, 2015

The Committee on Foreign Affairs discharged; committed to the Committee of the Whole House on the State of the Union and ordered to be printed

For text of introduced bill, see copy of bill as introduced on February 4, 2015

A BILL

To adapt to changing crude oil market conditions.


1.

Findings

The Congress finds that—

(1)

the United States has enjoyed a renaissance in energy production, establishing the United States as the world’s leading oil producer;

(2)

the United States upholds a commitment to free trade and open markets and has consistently opposed attempts by other nations to restrict the free flow of energy; and

(3)

the United States should remove all restrictions on the export of crude oil, which will provide domestic economic benefits, enhanced energy security, and flexibility in foreign diplomacy.

2.

Repeal

Section 103 of the Energy Policy and Conservation Act (42 U.S.C. 6212) and the item relating thereto in the table of contents of that Act are repealed.

3.

National policy on oil export restriction

Notwithstanding any other provision of law, to promote the efficient exploration, production, storage, supply, marketing, pricing, and regulation of energy resources, including fossil fuels, no official of the Federal Government shall impose or enforce any restriction on the export of crude oil.

4.

Study and recommendations

Not later than 120 days after the date of enactment of this Act, the Secretary of Energy shall conduct a study and transmit to the Committee on Energy and Commerce of the House of Representatives and the Committee on Energy and Natural Resources of the Senate recommendations on the appropriate size, composition, and purpose of the Strategic Petroleum Reserve.

5.

Savings clause

Nothing in this Act limits the authority of the President under the Constitution, the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), the National Emergencies Act (50 U.S.C. 1601 et seq.), or part B of title II of the Energy Policy and Conservation Act (42 U.S.C. 6271 et seq.) to prohibit exports.

September 25, 2015

Reported from the Committee on Energy and Commerce with an amendment

September 25, 2015

The Committee on Foreign Affairs discharged; committed to the Committee of the Whole House on the State of the Union and ordered to be printed