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

This bill, formally titled 'A BILL To amend the Energy Policy and Conservation Act to prohibit the export or sale of petroleum products from the Strategic Petroleum Reserve to certain entities, and for other purposes,' aims to modify the Energy Policy and Conservation Act. The bill seeks to prohibit the export or sale of petroleum products from the Strategic Petroleum Reserve to certain entities.

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

This bill is formally titled the Banning SPR 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 (SPR) to specified countries. 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 these 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 must issue a rule to carry out this section within 60 days of the enactment of the Banning SPR Oil Exports to Foreign Adversaries Act. Section 161 of the Energy Policy and Conservation Act is amended to include reference to section 164.

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Banning SPR Oil Exports to Foreign Adversaries Act

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

Author: John Fetterman (D-PA)

TL;DR (AI)

This bill prohibits 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 these countries or the Chinese Communist Party.
The Secretary of Energy can grant waivers to these restrictions if an export or sale is deemed to be in the national security interests of the United States.
The bill amends the Energy Policy and Conservation Act to formally include these export restrictions.

119th Congressin committeeOfficial page

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

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