CRUDE Act

Hozzl · 2023-12-15T15:55:27Z

Explore the details of House Bill 1481 CRUDE Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Energy. Stay informed on legislative developments.

12/15/2023, 3:55 PM

Summary of Bill HR 1481

The CRUDE Act, also known as Bill 118 hr 1481, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to address the issue of crude oil transportation safety and environmental protection.

The CRUDE Act aims to improve the safety of transporting crude oil by rail, specifically focusing on the prevention of accidents and spills. The bill includes provisions for increased inspections of rail cars carrying crude oil, as well as requirements for improved safety standards and training for railroad employees.

Additionally, the CRUDE Act seeks to enhance environmental protections by requiring companies transporting crude oil to have spill response plans in place. This would help to minimize the impact of any potential spills on the environment and surrounding communities. Overall, the CRUDE Act is aimed at ensuring the safe transportation of crude oil by rail and reducing the risk of accidents and environmental damage. It is an important piece of legislation that addresses key concerns related to the transportation of this valuable resource.

Congressional Summary of HR 1481

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.

Read the Full Bill

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Current Status of Bill HR 1481

Bill HR 1481 is currently in the status of Bill Introduced since March 9, 2023. Bill HR 1481 was introduced during Congress 118 and was introduced to the House on March 9, 2023. Bill HR 1481's most recent activity was Referred to the House Committee on Foreign Affairs. as of March 9, 2023

Bipartisan Support of Bill HR 1481

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1481

Primary Policy Focus

Energy

Alternate Title(s) of Bill HR 1481

CRUDE Act

Continuing Robust and Uninhibited Drilling and Exporting Act

To revise the authority provided to the President to impose export licensing requirements or other restrictions on the export of crude oil from the United States, and for other purposes.