Stop Oil Exports to Lower Gas Prices Act
Rep. Sherman Introduces Stop Oil Exports to Lower Gas Prices Act Amid Iran Conflict
This bill was recently introduced and is currently being reviewed by the House Committee on Foreign Affairs. It is in the early stages of the legislative process and has not yet been scheduled for a vote. There is no companion bill at this time.
Legislative Progress
Export bans are controversial and often face pushback from both the energy industry and leaders who worry about global trade deals.
Key Points
Impact Analysis
Personal Impact
Small businesses that depend on fuel, like trucking companies, delivery services, and agriculture operations, could benefit from lower domestic fuel prices if the export ban increases domestic supply. However, small oil and gas producers that rely on export markets could see their revenues drop significantly, since they would lose access to higher-priced international buyers.
“the export of crude oil, gasoline, and diesel fuel shall be prohibited during the period beginning on the date of the enactment of this subsection”
State Impacts
Milestones
Referred to the House Committee on Foreign Affairs.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
3 articles
Bill Seeks Moratorium on US Oil Exports
Congressman Brad Sherman introduced the Stop Oil Exports to Lower Gas Prices Act, proposing a ban on crude and refined products until military operations against Iran cease and the Strait of Hormuz is reopened. The bill aims to stabilize domestic markets and reduce inflationary pressure.
Lawmaker Introduces Bill to Halt US Oil Exports During Iran War
Rep. Brad Sherman (D-Calif.) introduced the Stop Oil Exports to Lower Gas Prices Act on May 7. The legislation seeks to increase domestic energy supply and stabilize prices by halting exports of crude oil, gasoline, and diesel fuel for the duration of the military conflict with Iran.
Congressman Brad Sherman Introduces Bill to Halt U.S. Oil Exports, Shield Americans from Price Spikes Amid Iran War
Congressman Brad Sherman (CA-32) introduced the Stop Oil Exports to Lower Gas Prices Act to protect consumers from rising energy costs. The bill prohibits exports until hostilities with Iran cease and the Strait of Hormuz is fully reopened, with limited exceptions for specific crude types.
Source Information
Document Type
Congressional Bill
Official Title
Stop Oil Exports to Lower Gas Prices Act
Data Sources
Sponsor
Analysis generated by AI. Always verify with official sources.