Petroleum Price Reduction Act

United States117th CongressHR-9560House of Representatives
Updated: Dec 14, 2022

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.

Bill texts

Available versions
Introduced (House)View official text

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Timeline

  1. Referred to the House Committee on Foreign Affairs.

    House of Representatives

  2. Introduced in House

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