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Called the “keep it in the ground act” act, the bill led by Rep. Jared Huffman, D-California, would apply to all federal lands and waters, including the Gulf of Mexico.
Obama will sign the measure, which includes many of the spending increases he fought for all year and is largely cleansed of GOP attempts to block his moves on the environment, financial regulation, and consumer protection.
Speaker Paul Ryan, R-Wis., welcomed the tax side of the massive deal but is lowering expectations about GOP victories in the $1.1 trillion spending bill.
The U.S. Congress is nearing a deal on the biggest shift in the nation’s oil policy in more than a generation by allowing the world’s largest oil and gas producer to sell crude abroad.
House Speaker Paul Ryan told GOP lawmakers he expected compromise legislation to be publicly released Tuesday — a measure that would deliver victories for to both sides.
Lifting the ban is a top ask for GOP negotiators working on the sprawling legislation.
The Obama plan puts a big target on Bullock’s back as he tries to avoid the fate of other Democrats tossed on the slag heap in the nation’s coal belt.
The House Energy and Commerce Committee approved the legislation, 31-19, with three Democrats joining 28 Republicans to back the bill.
Republicans say the new regulations, announced last week, will delay new drilling projects and take marginal lands out of production. Democratic lawmakers say the regulations are so mild that they won’t change current operating standards.
Washington Sen. Maria Cantwell on Wednesday said the measure would ban the use of older tank cars, regulates the volatility of crude oil carried on trains and ensures that rail infrastructure is properly maintained.