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[House Prints 114-29]
[From the U.S. Government Publishing Office]
OCTOBER 1, 2015
RULES COMMITTEE PRINT 114-29
TEXT OF H.R. 702, To ADAPT TO CHANGING
CRUDE OIL MARKET CONDITIONS.
[Showing the text of the bill as reported by the Committee on
Energy and Commerce with modifications.]
1 SECTION 1. FINDINGS.
2 The Congress finds the following:
3 (1) The United States has enjoyed a renms-
4 sance in energy production, establishing the United
5 States as the world's leading oil producer.
6 (2) By authorizing crude oil exports, the Con-
7 gress can spur domestic energy production, create
8 and preserve jobs, help maintain and strengthen our
9 independent shipping fleet that is essential to na-
10 tional defense, and generate State and Federal reve-
12 (3) An energy-secure United States that is a
13 net exporter of energy has the potential to transform
14 the security environment around the world, notably
15 in Europe and the Middle East.
16 (4) For our European allies and Israel, the
17 presence of more United States oil in the market
18 will offer more secure supply options, which will
October 1, 2015 (11:06 a.m.)
[TEXT NOT AVAILABLE]