To provide that the Secretary of the Interior may accept bids on any new oil and gas leases of Federal lands (including submerged lands) only from bidders certifying that all oil produced pursuant to such leases, and all refined petroleum products produced from such oil, shall be offered for sale only in the United States, and for other purposes.

Summary: Keep America's Oil Here Act - Authorizes the Secretary of the Interior to accept bids on any new oil and gas leases of federal lands (including submerged lands) only from bidders certifying that all crude oil produced under such leases, and all refined petroleum products made from such crude oil, shall be offered for sale only in the United States.

Authorizes the President to waive such limited leasing authorization upon specified determinations, including that waiver is in the national interest because it will not lead to: (1) an increase in domestic consumption of crude oil obtained from countries hostile to U.S. interests or that have political and economic instability compromising energy supply security, (2) higher costs to oil refiners purchasing the crude oil than the refiners would have to pay in the absence of such a waiver; and (3) higher gasoline costs paid by consumers than they would have to pay in the absence of such a waiver.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Keep America's Oil Here Act''.

SEC. 2. FINDINGS.

    The Congress finds the following:
            (1) The United States is taking a number of steps to reduce 
        domestic consumption of oil, many of which will soon take 
        effect.
            (2) In 2007, the Congress passed the Energy Independence 
        and Security Act of 2007 (Public Law 110-140), which increased 
        fuel economy standards to at least 35 miles per gallon by 2020 
        and established renewable fuel standards to ensure that enough 
        renewable fuel is produced by 2022 to reduce the need for 1.6 
        million barrels of oil per day. These programs to reduce our 
        domestic oil consumption have yet to be fully implemented.
            (3) The administration of President Obama is accelerating 
        the implementation of the fuel economy standards and greenhouse 
        gas emission standards.
            (4) In 2010, the President issued a rule that required 
        increased fuel economy and decreased global warming emissions 
        for light-duty vehicles produced in model years 2012-2016. This 
        rule is in the process of being implemented, and will reduce 
        the need for an additional 1.9 million barrels of oil per day 
        by 2030 and reduce the need for 2.3 million barrels of oil per 
        day by 2040.
            (5) In 2011, the President issued a proposed rule to 
        implement increased fuel economy and decreased global warming 
        emissions for light duty vehicles produced in model years 2017-
        2025. This rule, once fully implemented, will reduce the need 
        for an additional 1.5 million barrels of oil per day by 2030 
        and reduce the need for 2.4 million barrels of oil per day by 
        2040.
            (6) These actions will help reduce domestic consumption of 
        crude oil, which is an exhaustible natural resource. These 
        measures represent only a portion of Federal Government efforts 
        to assist economic growth and reduce economic pressures 
        relating to high oil prices.
            (7) As the result of actions undertaken by the Congress and 
        the executive branch, domestic oil production has ramped up 
        considerably. Oil production is currently at its highest level 
        since 2003, while production of oil and natural gas liquids 
        combined are at their highest level since 1997. Domestic oil 
        production is expected to continue rising through 2020. 
        Restrictions on exports of oil produced on public lands are a 
        necessary and appropriate complement to energy efficiency 
        measures and will help to ensure a reliable and affordable 
        supply of such oil and refined products from such oil.

SEC. 3. NO FOREIGN SALES OF OIL PRODUCED ON FEDERAL LANDS.

    The Secretary of the Interior may accept bids on any new oil and 
gas leases of Federal lands (including submerged lands) under the 
Mineral Leasing Act (30 U.S.C. 181 et seq.) or the Outer Continental 
Shelf Lands Act (43 U.S.C. 1331 et seq.) only from bidders certifying 
that all crude oil produced under such leases, and all refined 
petroleum products produced from such crude oil, shall be offered for 
sale only in the United States.

SEC. 4. WAIVER.

    The President may provide for waiver of the application of section 
3 with respect to a lease in a case in which--
            (1) the President determines that such a waiver is in the 
        national interest because it--
                    (A) will not lead to an increase in domestic 
                consumption of crude oil obtained from countries 
                hostile to United States interests or that have 
                political and economic instability that compromises 
                energy supply security;
                    (B) will not lead to higher costs to oil refiners 
                that purchase the crude oil than such refiners would 
                have to pay for crude oil in the absence of such a 
                waiver; and
                    (C) will not lead to higher gasoline costs paid by 
                consumers than consumers would have to pay in the 
                absence of such a waiver;
            (2) an exchange of crude oil or refined petroleum products 
        provides for no net loss of crude oil or refined petroleum 
        products, respectively, consumed domestically;
            (3) a waiver is necessary under the Constitution, a law, or 
        an international agreement; or
            (4) a standing trade agreement with a North American 
        trading partner allows for such exports, and all crude oil and 
        refined petroleum products exported under such a waiver will be 
        consumed in North America.

SEC. 5. REFINED PETROLEUM PRODUCT DEFINED.

    In this Act the term ``refined petroleum product'' means any of the 
following:
            (1) Finished reformulated or conventional motor gasoline.
            (2) Finished aviation gasoline.
            (3) Kerosene-type jet fuel.
            (4) Kerosene.
            (5) Distillate fuel oil.
            (6) Residual fuel oil.
            (7) Lubricants.
            (8) Waxes.
            (9) Petroleum coke.
            (10) Asphalt and road oil.