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H. Rept. 114-267 1 (2015-09-25)

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                     114TH CONGRESS 1                                   1 REPT. 114-267
                        1st Session    HOUSE OF REPRESENTATIVES               Part 1







                           TO ADAPT TO CHANGING CRUDE OIL MARKET
                                                CONDITIONS



                       SEPTEMBER 25, 2015.-Committed to the Committee of the Whole House on the
                                     State of the Union and ordered to be printed



                         Mr. UPTON, from the Committee on Energy and Commerce,
                                           submitted the following


                                              REPORT

                                                together with

                                            DISSENTING VIEWS

                                            [To accompany H.R. 702]

                               [Including cost estimate of the Congressional Budget Office]

                       The Committee on Energy and Commerce, to whom was referred
                     the bill (H.R. 702) to adapt to changing crude oil market conditions,
                     having  considered  the  same, report favorably    thereon  with  an
                     amendment and recommend that the bill as amended do pass.

                                                  CONTENTS
                                                                                      Page
                     Purpose and  Sum m ary  ...........................................................................................  2
                     Background and  Need  for  Legislation  ...................................................................  2
                     H earings  ...................................................................................................................  9
                     Com m ittee  Consideration  ........................................................................................  10
                     C om m ittee  V otes  ......................................................................................................  10
                     Com m ittee  Oversight  Findings  ...............................................................................  12
                     Statement of General Performance Goals and Objectives ....................................  12
                     New Budget Authority, Entitlement Authority, and Tax Expenditures .............  12
                     Earmark, Limited Tax Benefits, and Limited Tariff Benefits .............................  12
                     Com m ittee  Cost  Estim ate  .......................................................................................  12
                     Congressional Budget Office  Estimate  ...................................................................  12
                     Federal M andates  Statem ent  .................................................................................  12
                     Duplication  of Federal Program s  ............................................................................  12
                     Disclosure  of Directed  Rule  M akings  .....................................................................  12
                     Advisory  Com m ittee  Statem ent  ..............................................................................  13
                     Applicability  to  Legislative  Branch  ........................................................................  13
                     Section-by-Section  Analysis of the  Legislation  ......................................................  13
                     Changes in Existing Law Made by the Bill, as Reported .....................................  13
                        49-006

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