IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: No inception date

Export ban

The Energy and Commerce Committee in the U.S. House of Representatives approved on September 17, 2015 a bill (H.R.702) that would end the U.S. ban on the export of crude oil, and the full House of Representatives approved the bill on October 9, 2015 by a vote of 261 to 159. The bill provides for the repeal of the existing legislative basis of the ban (Section 103 of the Energy Policy and Conservation Act), and further provides that, "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." The bill will now go to the Senate for its consideration. The future of the legislation is in doubt, however, due to the partisan divisions within Congress (Republicans support the bill and Democrats oppose it) and the opposition of the White House. 
 
 
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2709 Petroleum oils and oils obtained from bituminous minerals, crude.
270900 Petroleum oils and oils obtained from bituminous minerals, crude.

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