Midstream & Transport Monitor - December 18, 2015
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By a 65-33 vote on Dec. 18, the U.S. Senate passed a combined $1.1-trillion spending bill and a $680-billion tax extenders package that funds the government through September 2016 and lifts the 40-year-old ban on U.S. crude oil exports.
The combined bill—which also extends or makes permanent scores of tax incentives for corporations and individuals—now goes to President Barack Obama’s desk for signature.
On Dec. 17, the House of Representatives voted separately to approve the tax extenders package, and voted earlier Dec. 18 on the spending bill. Enactment of the spending and tax extender bills effectively brings to an end legislative business for the year.