H.R. 9560 · 117th Congress
Petroleum Price Reduction Act
- Stage
- In committee
- Sponsor
- Brad Sherman
- Introduced
- 2022-12-14
- Latest action
- 2022-12-14 · Introduced in House
Summary
Petroleum Price Reduction Act
This bill requires the President to prohibit exports of crude oil and finished oil products (other than natural gas) whenever the price for crude oil exceeds a specified threshold. The President may waive the prohibition in certain circumstances.