Bill · H.R. 256· House(119-HR-256)
SAVE Act
- Introduced
- 1/9/2025
- Last activity
- 1/9/2025 — Referred to the House Committee on Energy and Commerce.
- Sponsored by
- Stephanie Bice
- Cosponsors
- - 7 - 0
- Introduced
- In Committee
What this bill would do
This bill, known as the "Save America's Valuable Energy Act" or the "SAVE Act," aims to restrict the sale of petroleum products from the Strategic Petroleum Reserve. It would amend the Energy Policy and Conservation Act to prohibit the Secretary from selling drawdown petroleum products to specific entities. These prohibited entities include those headquartered in Russia or in countries listed in a specific section of the Code of Federal Regulations. The bill also includes conforming amendments to the existing Energy Policy and Conservation Act.
Yes· 3 of 4
Does this strengthen ties with allied countries?+2
The bill restricts energy exports to Russia and specific regulated countries, which aligns with foreign policy objectives to limit Russian economic influence.
Would business owners be better off under this?+1
The bill restricts competition from entities headquartered in Russia and specified high-risk countries for the sale of petroleum products.
Does this give people more protection from unfair business practices?+1
The bill restricts the sale of domestic petroleum reserves to entities headquartered in Russia or specific foreign countries.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Restriction of petroleum sales to specific entities: The bill prohibits the sale of petroleum products drawn from the Strategic Petroleum Reserve to entities headquartered in Russia or certain other countries listed in federal regulations (Section 2(a)).
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- National Security And Foreign Policy
- Improves International Alliances+2
- Demographic And Interest Groups
- Good For Business Owners+1
- Economy And Finance
- Improves Consumer Protection+1
- Environment Energy And Infrastructure
- Reduces Fossil Fuel Production+1
- 1/9/2025
- Referred to the House Committee on Energy and Commerce.
- 7 Cosponsors added.
- Introduced in House
James BairdRepublican · Indiana
Byron DonaldsRepublican · Florida
Dusty JohnsonRepublican · South Dakota
Tracey MannRepublican · Kansas
Burgess OwensRepublican · Utah
John RutherfordRepublican · Florida
David ValadaoRepublican · California