Sec. 1003. Crude oil exports

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Congress finds that— the restrictions on crude oil exports from the 1970s are no longer necessary due to the technological advances that have increased the domestic supply of crude oil; and repealing restrictions on crude oil exports will contribute to job growth and economic development. Section 103 of the Energy Policy and Conservation Act ( 42 U.S.C. 6212 ) is repealed. Section 12 of the Alaska Natural Gas Transportation Act of 1976 ( 15 U.S.C. 719j ) is amended— by striking and section 103 of the Energy Policy and Conservation Act ; and by striking such Acts and inserting that Act .

The Energy Policy and Conservation Act is amended— in section 251 ( 42 U.S.C. 6271 )— by striking subsection (d); and by redesignating subsection

(e)as subsection (d); and in section 523(a)(1) ( 42 U.S.C. 6393(a)(1) ), by striking (other than section 103 thereof) . Section 28 of the Mineral Leasing Act ( 30 U.S.C. 185 ) is amended— by striking subsection (u); and by redesignating subsections

(v)through

(y)as subsections

(u)through (x), respectively. Section 1107(c) of the Alaska National Interest Lands Conservation Act ( 16 U.S.C. 3167(c) ) is amended by striking

(u)through

(y)and inserting

(u)through

(x). Section 23 of the Deep Water Port Act of 1974 ( 33 U.S.C. 1522 ) is repealed. Section 203(c) of the Trans-Alaska Pipeline Authorization Act ( 43 U.S.C. 1652(c) ) is amended in the first sentence by striking (w)(2), and (x)) and inserting (v)(2), and (w)) . Section 509(c) of the Public Utility Regulatory Policies Act of 1978 ( 43 U.S.C. 2009(c) ) is amended by striking subsection (w)(2) and inserting subsection (v)(2) . Section 28 of the Outer Continental Shelf Lands Act ( 43 U.S.C. 1354 ) is repealed. Section 7(d) of the Export Administration Act of 1979 ( 50 U.S.C. App. 2406(d) ) (as in effect pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.)) shall have no force or effect. Section 754.2 of title 15, Code of Federal Regulations (relating to crude oil) shall have no force or effect. The Bureau of Industry and Security of the Department of Commerce shall grant licenses to export to a country crude oil (as the term is defined in subsection

(a)of the regulation referred to in paragraph (1)) (as in effect on the date that is 1 day before the date of enactment of this Act) unless— the country is subject to sanctions or trade restrictions imposed by the United States; or the President or Congress has designated the country as subject to exclusion for reasons of national security.

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