H.R. 1481 · 118th Congress

Continuing Robust and Uninhibited Drilling and Exporting Act

Stage
In committee
Introduced
2023-03-09
Latest action
2023-03-09 · Introduced in House

Summary

Continuing Robust and Uninhibited Drilling and Exporting Act or the CRUDE Act

This bill limits the President's authority to restrict the export of crude oil from the United States. Currently, the President may restrict the export of oil for up to a year if

the President declares a national emergency; the restrictions apply to countries, persons, or organizations for reasons of national security; or the Department of Commerce finds and reports to the President that the export of crude oil has caused sustained material oil supply shortages or sustained oil prices significantly above world market levels and those shortages or price increases have caused or are likely to cause sustained material adverse employment effects. However, this bill only allows the President to make such restrictions if

the restrictions apply to countries, persons, or organizations for reasons of national security; or the Department of Defense, the Department of Energy, and Commerce jointly make those findings and report them to the President and Congress.