,,ii  #aadth ,,congress  #ast ,session  
,s4 #acgb  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #ai1 #bjae
 ,ms4 ,heitkamp 7for herself1 ,ms4      
,murkowski1 ,mr4 ,manchin1 and ,mr4     
,corker7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,banking1 ,housing1 and  
,urban ,affairs  ,a ,,bill  ,to repeal  
the crude oil export ban1 and for other 
purposes4  #a4 ,short title  ,this ,act 
may be cited as the ,american ,crude    
,oil ,export ,equality ,act4  #b4       
,findings ,congress finds that-- 7#a7   
the ,united ,states has enjoyed a       
renaissance in energy production--  7,a7
 increasing domestic investment and     
jobs2 and  7,b7 establishing the ,united
 ,states as a world leader in crude oil 
production2  7#b7 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 energy2  7#c7 
independent studies have concluded that 

allowing the export of domestically     
produced crude oil--  7,a7 will increase
 the globally available supply of crude 
oil2 and  7,b7 will tend to reduce      
domestic prices for gasoline and other  
refined petroleum products in the       
,united ,states2  7#d7 gasoline and     
other refined petroleum products are    
already eligible for export from the    
,united ,states without restriction2    
7#e7 gasoline prices in the ,united     
,states reflect the price paid on the   
global market for crude oil and not a   
separate crude oil price in the ,united 
,states2  7#f7 exports of crude oil     
produced in the ,united ,states would   
provide an alternative stable supplier  
for crude oil to allies of the ,united  
,states around the world--  7,a7        
allowing ,united ,states crude oil      
exports to compete on equal footing with
 other international crudes2  7,b7      
allowing ,united ,states crude oil      
exports to compete with and potentially 
displace crude oil exports from ,iran1  

as potential easing of sanctions could  
lead to ,iran regaining market share2   
7,c7 facilitating assistance to the     
countries of ,europe and ,eurasia to    
diversify their energy sources and      
achieve energy security by providing    
another option to protect against       
possible unstable supply flows2 and     
7,d7 allowing the ,united ,states to use
 national energy policy to further      
,united ,states interests abroad2 and   
7#g7 the ,united ,states should remove  
all restrictions on the export of       
domestically produced crude oil or crude
 oil of any origin1 which will increase 
economic benefits1 enhance energy       
security1 improve the trade deficit1 and
 promote key national security interests
 of the ,united ,states domestically and
 around the world4  #c4 ,crude oil      
exports  7a7 ,repeal of presidential    
authority ,to restrict oil exports  7#a7
 ,in general ,section #ajc of the       
,energy ,policy and ,conservation ,act  
7#db ,u4,s4,c4 #fbab7 is repealed4  7#b7

 ,conforming amendments  7,a7 ,the table
 of contents for the ,energy ,policy and
 ,conservation ,act is amended by       
striking the item relating to section   
#ajc4  7,b7 ,the ,energy ,policy and    
,conservation ,act is amended-- 7i7 in  
section #bea 7#db ,u4,s4,c4 #fbga7--    
7,i7 by striking subsection 7d72 and    
7,,ii7 by redesignating subsection 7e7  
as subsection 7d72 and  7ii7 in section 
#ebc7;a77#a7 7#db ,u4,s4,c4             
#fcic7;a77#a771 by striking 7other than 
section #ajc thereof74  7,c7 ,section   
#ab of the ,alaska ,natural ,gas        
,transportation ,act of #aigf 7#ae      
,u4,s4,c4 #gai;j7 is amended--  7i7 by  
striking and section #ajc of the ,energy
 ,policy and ,conservation ,act2 and    
7ii7 by striking such ,acts and         
inserting that ,act4  7b7 ,repeal of    
limitations on exports of oil  7#a7 ,in 
general ,section #bh of the ,mineral    
,leasing ,act 7#cj ,u4,s4,c4 #ahe7 is   
amended-- 7,a7 by striking subsection   
7u72 and  7,b7 by redesignating         

subsections 7v7 through 7y7 as          
subsections 7u7 through 7x71            
respectively4  7#b7 ,conforming         
amendments  7,a7 ,section #aajg7;c7 of  
the ,alaska ,national ,interest ,lands  
,conservation ,act 7#af ,u4,s4,c4       
#cafg7;c77 is amended by striking 7u7   
through 7y7 and inserting 7u7 through   
7x74  7,b7 ,the ,deepwater ,port ,act of
 #aigd is amended-- 7i7 in section      
#c7i77;,a7 7#cc ,u4,s4,c4               
#aejb7i77;,a771 by striking except as   
otherwise provided in section #bc12 and 
7ii7 by striking section #bc 7#cc       
,u4,s4,c4 #aebb74  7,c7 ,section        
#bjc7;c7 of the ,trans-,alaska ,pipeline
 ,authorization ,act 7#dc ,u4,s4,c4     
#afeb7;c77 is amended in the first      
sentence by striking 7w77#b71 and 7x77  
and inserting 7v77#b71 and 7w774  7,d7  
,section #eji7;c7 of the ,public        
,utility ,regulatory ,policies ,act of  
#aigh 7#dc ,u4,s4,c4 #bjji7;c77 is      
amended by striking subsection 7w77#b7  
and inserting subsection 7v77#b74  7c7  

,repeal of limitations on export of     
,,ocs oil or gas ,section #bh of the    
,outer ,continental ,shelf ,lands ,act  
7#dc ,u4,s4,c4 #aced7 is repealed4  7d7 
,termination of limitation on           
exportation of crude oil ,section #g7;d7
 of the ,export ,administration ,act of 
#aigi 7#ej ,u4,s4,c4 ,app4 #bdjf7;d77   
7as continued in effect pursuant to the 
,international ,emergency ,economic     
,powers ,act 7#ej ,u4,s4,c4 #agja et    
seq477 shall have no force or effect4   
7e7 ,clarification of crude oil         
regulation  7#a7 ,in general ,except as 
provided in paragraph 7#b71 section     
#ged4b of title #ae1 ,code of ,federal  
,regulations 7relating to crude oil7    
shall have no force or effect4  7#b7    
,limitation ,with respect to the export 
of crude oil from the ,strategic        
,petroleum ,reserve1 the regulation     
referred to in paragraph 7#a7 7as in    
effect on the date that is #a day before
 the date of enactment of this ,act7    
shall continue in full force and effect4

  7#c7 ,crude oil license requirements  
,a license to export to a country crude 
oil 7as the term is defined in          
subsection 7a7 of the regulation        
referred to in paragraph 7#a77 7as in   
effect on the date that is #a day before
 the date of enactment of this ,act71   
shall be required from the ,bureau of   
,industry and ,security of the          
,department of ,commerce1 after         
consultation with other relevant        
agencies1 only if--  7,a7 the country is
 subject to sanctions or trade          
restrictions imposed by the ,united     
,states2  7,b7 the ,president or        
,congress has designated the country as 
subject to exclusion for reasons of     
national security2 or  7,c7 the export  
concerns the withdrawal of crude oil    
from the ,strategic ,petroleum ,reserve4
  7f7 ,effect ,except as provided in    
section #d1 any provision of law or     
regulation that curtails1 limits1       
delays1 or otherwise restricts the      
export of crude oil shall have no force 

or effect4  #d4 ,exceptions and         
presidential authority  7a7 ,in general 
,the ,president may impose export       
licensing requirements or other         
restrictions on the export of crude oil 
from the ,united ,states for a period of
 not more than #a year1 if--  7#a7 the  
,president declares a national emergency
 and formally notices the declaration of
 a national emergency in the ,federal   
,register2  7#b7 the export licensing   
requirements or other restrictions on   
the export of crude oil from the ,united
 ,states under this section apply to #a 
or more countries1 persons1 or          
organizations in the context of         
sanctions or trade restrictions imposed 
by the ,united ,states for reasons of   
national security by the ,executive     
authority of the ,president or by       
,congress2 or  7#c7 the ,secretary of   
,commerce1 in consultation with the     
,secretary of ,energy1 finds and reports
 to the ,president that--  7,a7 the     
export of crude oil pursuant to this    

,act has caused sustained material oil  
supply shortages or sustained oil prices
 significantly above world market levels
 that are directly attributable to the  
export of crude oil produced in the     
,united ,states2 and  7,b7 those supply 
shortages or price increases have caused
 or are likely to cause sustained       
material adverse employment effects in  
the ,united ,states4  7b7 ,renewal ,any 
requirement or restriction imposed      
pursuant to paragraph 7#a7 may be       
renewed for #a or more additional       
periods of not more than #a year each4  
#e4 ,,gao review and report  7a7 ,in    
general ,not later than #a year after   
the date of enactment of this ,act1 and 
annually thereafter for #b years1 the   
,comptroller ,general of the ,united    
,states shall conduct a review of--     
7#a7 energy production in the ,united   
,states2 and  7#b7 the effects1 if any1 
of crude oil exports from the ,united   
,states on consumers1 independent       
refiners1 and shipbuilding and ship     

repair yards4  7b7 ,contents of report  
,not later than #a year after commencing
 each review under subsection 7a71 the  
,comptroller ,general of the ,united    
,states shall submit to the ,committees 
on ,energy and ,natural ,resources1     
,banking1 ,housing1 and ,urban ,affairs1
 ,commerce1 ,science1 and               
,transportation1 and ,foreign ,relations
 of the ,senate and the ,committees on  
,natural ,resources1 ,energy and        
,commerce1 ,financial ,services1 and    
,foreign ,affairs of the ,house of      
,representatives a report that          
includes--  7#a7 a statement of the     
principal findings of the review2 and   
7#b7 recommendations for ,congress and  
the ,president to address any job loss  
in the shipbuilding and ship repair     
industry or adverse impacts on consumers
 and refiners that the ,comptroller     
,general of the ,united ,states         
attributes to unencumbered crude oil    
exports in the ,united ,states4