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CRUDE Act
3/21/2025, 4:52 PM
Summary of Bill HR 1850
Bill 119 hr 1850, also known as the "Export Control Reform Act of 2021," aims to revise the authority given to the President to impose export licensing requirements or other restrictions on the export of crude oil from the United States. The bill seeks to update and modernize the current export control regulations in order to better align with the current global energy market and promote the efficient and responsible export of crude oil.
The main purpose of the bill is to provide the President with more flexibility and discretion in imposing export licensing requirements and restrictions on the export of crude oil. This includes allowing the President to adjust export controls based on changing market conditions, national security concerns, and other relevant factors.
Additionally, the bill aims to streamline the export licensing process for crude oil and reduce unnecessary bureaucratic hurdles that may hinder the efficient export of this valuable resource. By modernizing and updating the export control regulations, the bill seeks to promote the competitiveness of the US energy industry and ensure that American crude oil can be exported in a responsible and sustainable manner. Overall, Bill 119 hr 1850 represents a bipartisan effort to revise and improve the authority provided to the President regarding the export of crude oil from the United States. The bill aims to strike a balance between promoting the efficient export of crude oil and protecting national security interests, while also ensuring that American energy resources can be exported in a responsible and sustainable manner.
The main purpose of the bill is to provide the President with more flexibility and discretion in imposing export licensing requirements and restrictions on the export of crude oil. This includes allowing the President to adjust export controls based on changing market conditions, national security concerns, and other relevant factors.
Additionally, the bill aims to streamline the export licensing process for crude oil and reduce unnecessary bureaucratic hurdles that may hinder the efficient export of this valuable resource. By modernizing and updating the export control regulations, the bill seeks to promote the competitiveness of the US energy industry and ensure that American crude oil can be exported in a responsible and sustainable manner. Overall, Bill 119 hr 1850 represents a bipartisan effort to revise and improve the authority provided to the President regarding the export of crude oil from the United States. The bill aims to strike a balance between promoting the efficient export of crude oil and protecting national security interests, while also ensuring that American energy resources can be exported in a responsible and sustainable manner.
Congressional Summary of HR 1850
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 are sanctions or trade restrictions that apply to countries, persons, or organizations for national security reasons; or
- the Department of Commerce, in consultation with the Department of Energy (DOE), finds and reports to the President that the export of U.S. crude oil has caused sustained material oil supply shortages or sustained oil prices significantly above world market levels that have caused or are likely to cause sustained material adverse employment effects.
However, this bill only allows the President to impose such restrictions if
- the President declares a national emergency based on findings that are jointly issued by Department of Defense, DOE, and Commerce and include the conclusions described above about oil supply shortages or increased oil prices; or
- the restrictions are sanctions or trade restrictions that apply to countries, persons, or organization for national security reasons.
Read the Full Bill
Current Status of Bill HR 1850
Bill HR 1850 is currently in the status of Bill Introduced since March 5, 2025. Bill HR 1850 was introduced during Congress 119 and was introduced to the House on March 5, 2025. Bill HR 1850's most recent activity was Referred to the House Committee on Foreign Affairs. as of March 5, 2025
Bipartisan Support of Bill HR 1850
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
4Democrat Cosponsors
0Republican Cosponsors
4Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 1850
Primary Policy Focus
EnergyAlternate Title(s) of Bill HR 1850
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.
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.
Comments
Sponsors and Cosponsors of HR 1850
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