"Week Ahead: House To Vote on Crude Oil Ban"

"House lawmakers will cast a vote on lifting the 40-year-old ban on crude oil exports, the next step in an expanding debate over the issue.

Members of both chambers of Congress have grappled with the ban this session, and its prospects for repeal have grown markedly over the last several months.

Faced with the prospects of declining prices at home and Iranian oil flooding the market after sanctions on the country are lifted, oil producers and their legislative allies are pushing to open up the rest of the world to American crude as soon as possible.

The House will vote on a bill from Rep. Joe Barton (R-Texas) that would end the ban, a move House Majority Leader Kevin McCarthy (R-Calif.) promised last month. Senators are considering a similar measure."

Devin Henry reports for The Hill October 5, 2015.

Source: The Hill, 10/05/2015