What does Preamble of Banning SPR Oil Exports to Foreign Adversaries Act do?

This bill proposes to amend the Energy Policy and Conservation Act. The proposed amendment would prohibit the export or sale of petroleum products from the Strategic Petroleum Reserve to certain entities. The bill's stated purpose is to prohibit specific sales from the Strategic Petroleum Reserve.

What does SHORT TITLE. of Banning SPR Oil Exports to Foreign Adversaries Act do?

This bill is formally titled the Banning Strategic Petroleum Reserve Oil Exports to Foreign Adversaries Act.

What does PROHIBITION ON CERTAIN EXPORTS. of Banning SPR Oil Exports to Foreign Adversaries Act do?

This section amends the Energy Policy and Conservation Act to prohibit the export or sale of petroleum products from the Strategic Petroleum Reserve to specified countries and entities. The prohibited countries include the People's Republic of China, the Democratic People's Republic of Korea, the Russian Federation, and the Islamic Republic of Iran. The prohibition also extends to entities under the ownership or control of those countries or the Chinese Communist Party. The Secretary has the authority to issue waivers if an export or sale is deemed to be in the national security interests of the United States. The Secretary is required to issue a rule to carry out this section within 60 days of the enactment of the Banning Strategic Petroleum Reserve Oil Exports to Foreign Adversaries Act.

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Banning SPR Oil Exports to Foreign Adversaries Act

Last updated: 2/4/2025 · Introduced: 2/4/2025

Author: Chrissy Houlahan (D-PA)

TL;DR (AI)

This bill amends the Energy Policy and Conservation Act to prohibit the export or sale of petroleum products from the Strategic Petroleum Reserve to China, North Korea, Russia, and Iran, as well as entities controlled by those nations or the Chinese Communist Party.
The bill allows the Secretary of Energy to grant waivers for exports or sales deemed to be in the national security interests of the United States.
The Secretary of Energy must issue a rule within 60 days of the bill's enactment to implement and enforce the export restrictions.

119th Congressin committeeS. 393(In Committee)Official page

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Includes provisions on preamble, short title., and 1 more.

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