prohibition of certain petroleum exports

prohibition of certain petroleum exports Sec. 110. Section 4 of the Export Administration Act of 1969, as amended by sections 108 and 109 of this Act, is further amended by adding at the end thereof the following new subsection: “(l) (1) Notwithstanding any other provision of this Act and notwithstanding subsection (u) of section 28 of the Mineral Leasing Act of 1920, no domestically produced crude oil transported by pipeline over rights-of-way granted pursuant to such section 28 (except any such crude oil which (A) is exchanged in similar quantity for convenience or increased efficiency of transportation with persons or the government of an adjacent foreign state, or (B) is temporarily exported for convenience or increased efficiency of transportation across parts of an adjacent foreign state and reenters the United States) may be exported from the United States, its territories and possessions, during the 2-year period beginning on the date of enactment of this subsection unless the requirements of paragraph (2) of this subsection are met. “(2) Crude oil subject to the prohibition contained in paragraph (1) may be exported only if— “(A) the President makes and publishes an express finding that exports of such crude oil— “(i) will not diminish the total quantity or quality of petroleum available to the United States, “(ii) will have a positive effect on consumer oil prices by decreasing the average crude oil acquisition costs of refiners, “(iii) will be made only pursuant to contracts which may be terminated if the petroleum supplies of the United States are interrupted or seriously threatened, “(iv) are in the national interest, and 91 STAT. 240 “(v) are in accordance with the provisions of this Act; and “(B) the President reports such finding to the Congress as an energy action (as defined in section 551 of the Energy Policy and Conservation Act). The congressional review provisions of such section 551 shall apply to an energy action reported in accordance with this paragraph, except that for purposes of this paragraph, any reference in such section to a period of 15 calendar days of continuous session of Congress shall be deemed to be a reference to a period of 60 calendar days of continuous session of Congress and the period specified in subsection (f) (4) (A) of such section for committee action on a resolution shall be deemed to be 40 calendar days.”.