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"House Panel Votes To Lift Oil Export Ban"

"A House subcommittee voted Thursday to lift the 40-year-old restriction on exporting crude oil, moving the legislation a significant step toward passage.

Before approving the measure by voice vote, Republicans on the Energy and Commerce subcommittee on energy and power said the bill would bring wide-ranging benefits to United States consumers and workers while benefitting the country’s allies abroad.

Democrats objected to the bill, but most signaled a willingness to negotiate on the policy to protect interests that they said could be hurt by the change."

Timothy Cama reports for The Hill September 10, 2015.

Source: The Hill, 09/11/2015