S.Amdt. 1594

SA 1594. Ms. MURKOWSKI (for herself, Ms. Heitkamp, Mr. Hoeven, and
Mr. Lankford) submitted an amendment intended to be proposed to
amendment SA 1463 proposed by Mr.

[[Page S3722]]

McCain to the bill H.R. 1735, to authorize appropriations for fiscal
year 2016 for military activities of the Department of Defense and for
military construction, to prescribe military personnel strengths for
such fiscal year, and for other purposes; which was ordered to lie on
the table; as follows:

At the end of subtitle G of title X, add the following:

SEC. 1085. CRUDE OIL AND CONDENSATE REPORT REQUIRED.

(a) Report Required.--Not later than 60 days after the date
of enactment of this Act, the Secretary of Energy shall
submit to the appropriate committees and leadership of
Congress an unclassified report assessing--
(1) the ability of crude oil and condensate produced in
Iran and the United States to access and supply the global
crude oil and condensate market; and
(2) the extent to which future action involving any measure
of statutory sanctions relief by the United States will
result in greater exports of Iranian petroleum to the global
market than permitted as of the date of the report.
(b) Removal of Export Restrictions.--Beginning on the date
that is 30 calendar days after the date of submission of the
report required under subsection (a), notwithstanding any
provision of law, any domestic United States crude oil and
condensate may be exported on the same basis that petroleum
products may be exported on the date of enactment of this
Act.
(c) Savings Clause.--Nothing in this section shall limit
the authority of the President under the Constitution, the
International Emergency Economic Powers Act (50 U.S.C. 1701
et seq.), the National Emergencies Act (50 U.S.C. 1601 et
seq.), or part B of title II of the Energy Policy and
Conservation Act (42 U.S.C. 6271 et seq.) to prohibit
exports.
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