"House Plans Vote on Bill to Lift Ban on Oil Exports"

"Oil companies have lobbied to have ban lifted; White House opposes bill"

"WASHINGTON—House Republicans plan to vote on a bill in the coming weeks to lift the nation’s four-decade ban on oil exports, setting up a clash with the Obama administration later this year over what to do with oil from a boom in domestic production in the past decade.

The vote would please more than a dozen oil companies lobbying Congress, and if successful, it could rattle global oil markets facing volatility and lower prices.

House Majority Leader Kevin McCarthy (R., Calif.) announced the vote, which is being scheduled for the last week of September, at a Tuesday speech before the Houston-area Chamber of Commerce. While the legislation is likely to pass the GOP-controlled House, its prospects in the Senate are less clear, and the White House said it opposes it."

Amy Harder reports for the Wall Street Journal September 15, 2015.

SEE ALSO:

"House Vote Said to Be Near on Repeal of Oil Export Ban" (New York Times)

"White House Opposes GOP Bill To Lift Oil Exports" (The Hill)