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Senate Panel Approves Oil Export Bill

The Senate Banking Committee approved a bill to lift the ban on crude oil exports, The Hill reports.  

“The measure, pushed by Sen. Heidi Heitkamp (D-N.D.) and others, cleared the committee on a 13-9 vote. Among Democrats, only Heitkamp supported the bill. But others left the door open to supporting some type of compromise legislation going forward, and have a wish list of proposals to attach to it.”  

“Senators rejected a push from Sen. Patrick Toomey (R-Pa.) to end federal biofuel mandates in conjunction with lifting the oil export ban. They did, however, adopt a measure requiring Iran to pay all court judgments to Americans victimized by Iranian terror attacks before lifting the export sanctions on that country.”

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