#aad? ,,congress  #a/ ,session  ,h4 ,r4 
#gjb  ,,an ,,act  ,to adapt to *ang+    
crude oil m>ket conditions4  #a4 ,f9d+s 
,! ,congress f9ds ! foll[+3 7#a7 ,!     
,unit$ ,/ates has enjoy$ a r5aissance 9 
en]gy production1 e/abli%+ ! ,unit$     
,/ates z ! _w's lead+ oil produc]4  7#b7
 ,by au?oriz+ crude oil exports1 !      
,congress c spur dome/ic en]gy          
production1 create & pres]ve jobs1 help 
ma9ta9 & /r5g!n our indep5d5t %ipp+     
fleet t is ess5tial to national def5se1 
& g5]ate ,/ate & ,f$]al rev5ues4  7#c7  
,an en]gy-secure ,unit$ ,/ates t is a   
net export] ( en]gy has ! pot5tial to   
trans=m ! security environm5t ar\nd !   
_w1 notably 9 ,europe & ! ,middle ,ea/4 
7#d7 ,= our ,european allies & ,israel1 
! pres5ce ( m ,unit$ ,/ates oil 9 !     
m>ket w (f] m secure supply options1 :i*
 w /r5g!n ,unit$ ,/ates /rategic        
alliances & help curtail ! use ( en]gy z
 a political weapon4  7#e7 ,! #fj-%ip   
,m>itime ,security ,fleet is a vital    
elem5t ( our milit>y's /rategic sealift 

& global response capability4 ,x assures
 ,unit$ ,/ates-flag %ips & ,unit$ ,/ates
 crews w be available to support !      
,unit$ ,/ates milit>y :5 x ne$s to      
mobilize to protect our allies1 & is !  
mo/ prud5t & economical solution to meet
 curr5t & project$ sealift requirem5ts =
 ! ,unit$ ,/ates4  7#f7 ,! ,m>itime     
,security ,fleet program provides a     
labor base ( skill$ ,am]ican m>9]s :o   
are available to crew ! ,unit$ ,/ates   
,gov]nm5t-own$ /rategic sealift fleet1 z
 well z ! ,unit$ ,/ates comm]cial fleet1
 9 bo? peace & w>4  7#g7 ,! ,unit$      
,/ates has r$uc$ its oil consumption ov]
 ! pa/ decade1 & increas+ inve/m5t 9    
clean en]gy te*nology & en]gy effici5cy 
w l[] en]gy prices1 r$uce gre5h\se gas  
emissions1 & increase national security4
  #b4 ,repeal ,section #ajc ( ! ,en]gy  
,policy & ,cons]vation ,act 7#db        
,u4,s4,c4 #fbab7 & ! item relat+ !reto 9
 ! table ( cont5ts ( t ,act are repeal$4
  #c4 ,national policy on oil export    
re/riction ,not)/&+ any o!r provision ( 

law1 to promote ! effici5t exploration1 
production1 /orage1 supply1 m>ket+1     
pric+1 & regulation ( en]gy res\rces1   
includ+ fossil fuels1 no (ficial ( !    
,f$]al ,gov]nm5t %all impose or en=ce   
any re/riction on ! export ( crude oil4 
#d4 ,/udy & recomm5dations  7a7         
,/rategic ,petroleum ,res]ve ,n lat] ?an
 #abj days aft] ! date ( enactm5t ( ?is 
,act1 ! ,secret>y ( ,en]gy %all conduct 
a /udy & transmit to ! ,committee on    
,en]gy & ,comm]ce ( ! ,h\se (           
,repres5tatives & ! ,committee on ,en]gy
 & ,natural ,res\rces ( ! ,s5ate        
recomm5dations on ! appropriate size1   
composition1 & purpose ( ! ,/rategic    
,petroleum ,res]ve4  7b7 ,gre5h\se gas  
emissions ,n lat] ?an #abj days aft] !  
date ( enactm5t ( ?is ,act1 ! ,secret>y 
( ,en]gy %all conduct1 & transmit to !  
,committee on ,en]gy & ,comm]ce ( !     
,h\se ( ,repres5tatives & ! ,committee  
on ,en]gy & ,natural ,res\rces ( !      
,s5ate ! results (1 a /udy on ! net     
gre5h\se gas emissions t w result f !   

repeal ( ! crude oil export ban "u      
section #b4  7c7 ,/rategic ,petroleum   
,res]ve ,/udy ,n lat] ?an #abj days aft]
 ! date ( enactm5t ( ?is ,act1 !        
,secret>y ( ,en]gy %all conduct a /udy &
 transmit to ! ,committee on ,en]gy &   
,comm]ce ( ! ,h\se ( ,repres5tatives & !
 ,committee on ,en]gy & ,natural        
,res\rces ( ! ,s5ate recomm5dations on !
 appropriate size1 composition1 &       
purpose ( ! ,/rategic ,petroleum        
,res]ve4  7d7 ,crude oil export /udy    
7#a7 ,9 g5]al ,! ,dep>tm5t ( ,comm]ce1 9
 consultation ) ! ,dep>tm5t ( ,en]gy1 & 
o!r dep>tm5ts z appropriate1 %all       
conduct a /udy ( ! ,/ate & national     
implications ( lift+ ! crude oil export 
ban ) respect to consum]s & ! economy4  
7#b7 ,cont5ts ,! /udy conduct$ "u       
p>agraph 7#a7 %all include an analysis  
(-- 7,a7 ! economic impact t export+    
crude oil w h on ! economy ( ! ,unit$   
,/ates2  7,b7 ! economic impact t       
export+ crude oil w h on consum]s1 tak+ 
into acc\nt impacts on en]gy prices2    

7,c7 ! economic impact t export+ crude  
oil w h on dome/ic manufactur+1 tak+    
into acc\nt impacts on employm5t2 &     
7,d7 ! economic impact t export+ crude  
oil w h on ! ref9+ sector1 tak+ into    
acc\nt impacts on employm5t4  7#c7      
,report to congress ,n lat] ?an #a ye>  
aft] ! date ( enactm5t ( ?is ,act1 !    
,bureau ( ,indu/ry & ,security %all     
submit to ,congress a report conta9+ !  
results ( ! /udy conduct$ "u p>agraph   
7#a74  #e4 ,sav+s clause ,no?+ 9 ?is    
,act limits ! au?ority ( ! ,presid5t "u 
! ,con/itution1 ! ,int]national ,em]g5cy
 ,economic ,p[]s ,act 7#ej ,u4,s4,c4    
#agja et seq471 ! ,national ,em]g5cies  
,act 7#ej ,u4,s4,c4 #afja et seq471 "p  
,b ( title ,,ii ( ! ,en]gy ,policy &    
,cons]vation ,act 7#db ,u4,s4,c4 #fbga  
et seq471 ! ,trad+ ,) ! ,enemy ,act 7#ej
 ,u4,s4,c4 ,app4 #a et seq471 or any o!r
 provision ( law t imposes sanctions on 
a =eign p]son or =eign gov]nm5t 7includ+
 any provision ( law t prohibits or     
re/ricts ,unit$ ,/ates p]sons f engag+ 9

 a transaction ) a sanction$ p]son or   
gov]nm5t71 includ+ a =eign gov]nm5t t is
 designat$ z a /ate sponsor ( t]rorism1 
to prohibit exports4  #f4 ,national     
,def5se ,sealift ,enhancem5t  7a7       
,paym5ts ,section #ecajf7;a77#a7 ( title
 #df1 ,unit$ ,/ates ,code1 is am5d$--   
7#a7 9 subp>agraph 7,b71 by /rik+ !     
comma be=e = ea*2  7#b7 9 subp>agraph   
7,c71 by /rik+ #bjaf1 #bjag1 & #bjah2 & 
ins]t+ & #bjaf2  7#c7 by r$esignat+     
subp>agraph 7,e7 z subp>agraph 7,g72 &  
7#d7 by /rik+ subp>agraph 7,d7 & ins]t+ 
! foll[+3  7,d7 #d1iii1iej = fiscal ye> 
#bjag2  7,e7 #e1jjj1jjj = ea* ( fiscal  
ye>s #bjah1 #bjai1 & #bjbj2  7,f7       
#e1bcc1dfc = fiscal ye> #bjba2 &  4  7b7
 ,au?orization ( appropriations ,section
 #ecaaa ( title #df1 ,unit$ ,/ates      
,code1 is am5d$--  7#a7 9 p>agraph 7#c71
 by /rik+ #bjaf1 #bjag1 & #bjah2 &      
ins]t+ & #bjaf2  7#b7 by r$esignat+     
p>agraph 7#e7 z p>agraph 7#g72 &  7#c7  
by /rik+ p>agraph 7#d7 & ins]t+ !       
foll[+3  7#d7 #bii1iig1jjj = fiscal ye> 

#bjag2  7#e7 #cjj1jjj1jjj = ea* ( fiscal
 ye>s #bjah1 #bjai1 & #bjbj2  7#f7      
#cad1jjg1ghj = fiscal ye> #bjba2 &  4   
#g4 ,p>tn]%ips ) m9ority s]v+           
in/itutions  7a7 ,9 g5]al ,! ,dep>tm5t (
 ,en]gy %all cont9ue to develop & broad5
 p>tn]%ips ) m9ority s]v+ in/itutions1  
includ+ ,hispanic ,s]v+ ,in/itutions    
7,,hsi7 & ,hi/orically ,black ,colleges 
& ,univ]sities 7,h,b,c,us7 9 ! areas (  
oil & gas exploration1 production1      
mid/ream1 & ref9+4  7b7 ,public-,private
 p>tn]%ips ,! ,dep>tm5t ( ,en]gy %all   
enc\rage public-private p>tn]%ips betwe5
 ! en]gy sector & m9ority s]v+          
in/itutions1 includ+ ,hispanic ,s]v+    
,in/itutions & ,hi/orically ,black      
,colleges & ,univ]sities4  #h4 ,report  
,n lat] ?an #aj ye>s aft] ! date (      
enactm5t ( ?is ,act1 ! ,secret>y (      
,en]gy & ! ,secret>y ( ,comm]ce %all    
jo9tly transmit to ,congress a report t 
reviews ! impact ( lift+ ! oil export   
ban "u ?is ,act z x relates to promot+  
,unit$ ,/ates en]gy & national security4

  #i4 ,report to ,congress ,n lat] ?an  
#ahj days aft] ! date ( enactm5t ( ?is  
,act1 ! ,secret>y ( ,en]gy & ! ,secret>y
 ( ,comm]ce %all jo9tly transmit to     
,congress a report analyz+ h[ lift+ !   
ban on crude oil exports w help create  
opportunities = vet]ans & wom5 9 !      
,unit$ ,/ates1 :ile promot+ en]gy &     
national security4  #aj4 ,prohibition on
 exports ( crude oil1 ref9$ petroleum   
products1 & petro*emical products to !  
,islamic ,republic ( ,iran ,no?+ 9 ?is  
,act %all be con/ru$ to au?orize !      
export ( crude oil1 ref9$ petroleum     
products1 & petro*emical products by or 
?r\gh any entity or p]son1 :]ev] locat$1
 subject to ! jurisdiction ( ! ,unit$   
,/ates to any entity or p]son locat$ 91 
subject to ! jurisdiction (1 or sponsor$
 by ! ,islamic ,republic ( ,iran4       
,pass$ ! ,h\se ( ,repres5tatives ,octob]
 #i1 #bjae4;,cl]k4