ENERGY POLICY BILLS TAKING SHAPE IN HOUSE

A House subcommittee has approved a bill that would require 1% of all U.S. oil production and imports to be placed in the Strategic Petroleum Reserve. The subcommittee, working on a series of energy policy bills, also approved some noncontroversial measures designed to speed federal permitting for natural gas pipelines. Rep. Phil Sharp (D-Ind.), chairman of the House energy and power subcommittee, originally filed a bill to require 3% of all imported crude and products to be placed in the SPR.

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