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CRUDE Act
Last updated: 3/5/2025 · Introduced: 3/5/2025
Author: Jodey Arrington (R-TX)
TL;DR (AI)
- This bill revises the process for restricting crude oil exports by requiring a joint finding from relevant agencies and a presidential declaration of national emergency based on specific economic impacts.
- To trigger export restrictions, the report must demonstrate that U.S. crude oil exports have caused sustained material oil supply shortages or significantly elevated prices, leading to adverse employment effects.
- The bill removes existing provisions allowing restrictions based on national security concerns and modifies language related to export restrictions.
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Other Sections
Includes provisions on preamble, short title., and 1 more.
3 sections
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