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.
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Timeline
Introduced in House
Referred to the House Committee on Foreign Affairs.
Introduced in House
Referred to the House Committee on Foreign Affairs.
Energy
Petroleum Price Reduction Act
USA117th CongressHR-9560| House
| Updated: 12/14/2022
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.