Congressman Jeb Hensarling

Representing the 5th District of Texas

Hensarling Votes to Lift Ban on Oil Exports

Oct 9, 2015
Press Release

WASHINGTON—Congressman Jeb Hensarling (TX-05), chairman of the House Financial Services Committee, issued the following statement after the House of Representatives passed H.R. 702, lifting the ban on crude oil exports, which he cosponsored:

“The ban on exporting American-produced crude oil overseas is an energy policy from the days of eight track tapes, bell bottoms, and disco – all are out of place in the 21st century.  Today’s vote to lift the ban is a tremendous step forward in updating our energy policies to reflect that we’re no longer a nation dependent on foreign sources of energy but a nation blessed with an abundance of energy here at home. Lifting the ban would also take a significant step towards revitalizing our nation’s free enterprise system and promoting free trade by rolling back yet another crony policy of the Washington insider economy. By lifting the outdated ban on crude oil exports, this legislation will grow our economy and reinforce our newfound status as one of the world’s premier energy producers.”

 

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