Bill · H.R. 942· House(119-HR-942)

Banning SPR Oil Exports to Foreign Adversaries Act

Age: 59 years

Pennsylvania

Introduced: 2/4/2025
Last activity: 2/4/2025 — Referred to the House Committee on Energy and Commerce.
Sponsored by: Chrissy Houlahan
Cosponsors: - 19 - 18

Energy

Introduced
In Committee

What this bill would do

This bill is known as the Banning Strategic Petroleum Reserve Oil Exports to Foreign Adversaries Act. It updates the Energy Policy and Conservation Act to stop the export or sale of petroleum products from the Strategic Petroleum Reserve to specific countries. The restricted nations include the People's Republic of China, the Democratic People's Republic of Korea, the Russian Federation, and the Islamic Republic of Iran. The ban also applies to any entity owned or controlled by those countries or by the Chinese Communist Party. The Secretary is allowed to issue a waiver if it is certified to be in the national security interests of the United States. Finally, the Secretary must issue a rule to carry out this section within 60 days of the bill's enactment.

Yes

Does this strengthen ties with allied countries?+2
The bill restricts energy sales to adversarial nations, which aligns with strategic foreign policy goals.
Does this increase the pay, pensions or support veterans receive?+1
The bill protects national security interests by restricting energy resources to foreign adversaries.

The opposite

Does this reduce how much oil, gas and coal is produced?-1
The bill limits the outward sale of domestic petroleum products, which may restrict the market for existing reserves.