02/09/1995 09:10 AM Senate FIN

                                                                               
  HJR  7 -  EXPORT OF ALASKA OIL                                               
                                                                               
            Brief  testimony  was presented  by Representative                 
            Finkelstein.  CSHJR 7 (O&G)am  was REPORTED OUT of                 
            committee with a  zero fiscal note from  the Dept.                 
            of Natural Resources and a note  from the Dept. of                 
            Revenue showing potential revenues of $80 million.                 
                                                                               
                                                                               
  CS FOR HOUSE JOINT RESOLUTION NO. 7(O&G) am                                  
                                                                               
       Supporting  the lifting  of the  ban on  the export  of                 
       Alaska  North Slope crude oil, requesting the President                 
       of the  United States to  present to the  United States                 
       Congress  a  recommendation  that  it  is both  in  the                 
       national  interest to  lift the  ban on  the  export of                 
       Alaska North Slope crude oil  and discriminatory to the                 
       state to  maintain the  ban, and  endorsing passage  of                 
       H.R. 70  and S.  70, companion  federal legislation  to                 
       remove restraints on the export of that oil.                            
                                                                               
  Co-chairman Halford directed that CSHJR 7 (O&G)am be brought                 
  on  for discussion.    REPRESENTATIVE FINKELSTEIN,  sponsor,                 
  came before committee.   He noted that the  proposed lifting                 
  of the  ban on export  of Alaska North  Slope crude  oil had                 
  been  before   previous  legislatures.     The   climate  in                 
  Washington, D.C., at  this time, however, appears  right for                 
  favorable  consideration.   Language  in  the  resolution is                 
  straightforward.   Projected revenues  reflect figures  from                 
  reports over the past few years.                                             
                                                                               
  Co-chairman Halford  called for comments  or questions  from                 
  committee members.  None were forthcoming.  Senator Phillips                 
                                                                               
                                                                               
  MOVED  that  CSHJR  7  (O&G)am  pass  from  committee.    No                 
  objection having been  raised, CSHJR 7 (O&G)am  was REPORTED                 
  OUT of committee  with a zero fiscal note  from the Dept. of                 
  Natural  Resources  and a  note  from the  Dept.  of Revenue                 
  showing  projected  revenues of  $80  million.   All members                 
  signed the committee report with a "do pass" recommendation.