House sets vote to lift oil export ban

The House is set to consider a bill on the floor this week to lift a 40-year-old ban on exporting crude oil from the United States.

The bill is being supported by the House leadership as integral to the Republican energy agenda this Congress, and many high-level lawmakers have vowed to see it passed before the end of the year. A similar bill in the Senate has been voted out of committee and sent to the floor for consideration, but the timing of the vote in the upper chamber is not certain.

The House, on the other hand, has set a self-imposed deadline of Oct. 1 to pass the measure, according to Republican Majority Leader Kevin McCarthy, who announced the vote earlier this month after it was passed out of the Energy & Commerce Committee.

The bill has been placed on the tentative floor agenda for next week, and faces an almost certain victory along strict party lines. Most Democrats oppose the measure, saying it will drive up gasoline prices and harm consumers.