House Passes Bill Requiring Obama to Speed Up Oil Leasing
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The Republican-led U.S. House passed legislation that would give the Obama administration deadlines to sell offshore oil leases, a bid to limit a surge in oil prices and cut the nation’s dependence on imported fuel.
The bill sponsored by House Natural Resources Committee Chairman Doc Hastings, a Washington Republican, would give the Interior Department four months to auction central Gulf of Mexico leases and a year for leases off the Virginia coast. The vote was 266-149, with 33 Democrats joining Republicans.