crude oil export ban Articles

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Congress Passes Fiscal 2016 Spending Bill

December 18, 2015

Congress Passes Fiscal 2016 Spending Bill

Congress on Dec. 18 approved the $1.1 trillion Omnibus spending bill on a bipartisan vote, which will keep the federal government funded through September 2016, the end of the current fiscal year. The Omnibus is the final piece of legislation that Congress will consider as members head home for the holidays and gear up for the 2016 election year. In the days leading up to the final bill, there were many policy riders under negotiation for inclusion in the bill. Some riders made it into the final bill, and others did not. Below is a breakdown of noteworthy “winners” and “losers” regarding these policy riders.

October 9, 2015

House Passes Oil Exports Bill

The U.S. House of Representatives voted 261-159 Oct. 9 to end the four-decade-old limits on exporting domestic crude oil.