DemocratBill · S. 393· Senate(119-S-393)

Banning SPR Oil Exports to Foreign Adversaries Act

Rep. Fetterman
Age: 57 years
Pennsylvania
Introduced
2/4/2025
Last activity
2/4/2025 — Read twice and referred to the Committee on Energy and Natural Resources.
Sponsored by
John Fetterman
Cosponsors
Democrat - 2Republican - 2
Energy
  1. Introduced
  2. In Committee

What this bill would do

This bill, titled the "Banning SPR Oil Exports to Foreign Adversaries Act," seeks to amend the Energy Policy and Conservation Act. It aims to prohibit the Secretary from exporting or selling petroleum products taken from the Strategic Petroleum Reserve to specific foreign countries. These 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 extends to any entity owned or controlled by these countries or the Chinese Communist Party. However, the Secretary has the authority to issue a waiver if it serves United States national security interests.

Yes

  • Does this give the federal government more power?+2

    The bill empowers the Secretary to enforce prohibitions and issue national security waivers regarding petroleum exports.

  • Does this strengthen ties with allied countries?+2

    The restriction of oil exports to adversary nations aligns with strategic interests of U.S. allies.

  • Does this better protect the country from computer attacks?+1

    By limiting resources to foreign adversaries, the bill aims to strengthen national security interests.

The opposite

  • Does this make trade with other countries easier?-2

    The bill restricts the sale of petroleum products to specific foreign nations and their controlled entities.

  • Would business owners be better off under this?-1

    The bill limits the potential market for petroleum products drawn from the Strategic Petroleum Reserve.

  • Does this reduce how much oil, gas and coal is produced?-1

    The bill limits the export/sale potential of petroleum products drawn from the Strategic Petroleum Reserve.