Expected to increase energy security and create thousands of jobs
WASHINGTON D.C. – Rep. Jackie Walorski (IN-02) issued the following statement after voting for bipartisan legislation to lift the ban on crude oil which passed the House today by a vote of 261-159 and now heads to the Senate for further consideration:
H.R. 702, to Adapt to Changing Crude Oil Market Conditions would lift the decades old ban on crude oil exports, allowing the U.S. to help allies, and enhance energy security. The president will continue to maintain the authority to ban or limit exports during times of national emergency and distress.
“As a cosponsor of this legislation, it’s time to update energy policies to reflect 21st Century realties. Oil and energy technology has improved drastically over recent decades, yet the laws from 40 years ago are still governing these resources,” said Walorski. “Lifting this ban will generate billions of dollars in profit, lower gas prices, support jobs, and strengthen our national security.”
Congress and President Gerald Ford implemented the ban as part of the Energy Policy and Conservation Act of 1975 in an effort to insulate the country from a volatile international energy market made even more chaotic and costly by the 1967 and 1973 Arab oil embargoes, which were intended to discourage and then punish the U.S. and other foreign nations for supporting Israel in the Six-Day and Yom Kippur wars.
Walorski represents the 2nd Congressional District in Indiana, where she serves as a member of the House Veterans’ Affairs Committee, House Armed Services Committee, and House Committee on Agriculture.