This bill, titled the "Banning Strategic Petroleum Reserve Oil Exports to Foreign Adversaries Act," amends the Energy Policy and Conservation Act to restrict the sale and export of petroleum products from the Strategic Petroleum Reserve (SPR) . Its primary purpose is to prevent these critical energy resources from reaching specified foreign adversaries. The legislation explicitly prohibits the export or sale of SPR petroleum to the People's Republic of China , the Democratic People's Republic of Korea , the Russian Federation , and the Islamic Republic of Iran . This prohibition also extends to any entity under the ownership or control of these countries or the Chinese Communist Party . However, the bill includes a provision for a waiver, allowing the Secretary to authorize such exports or sales if it is certified to be in the national security interests of the United States . The Secretary is mandated to issue a rule to implement these prohibitions within 60 days of the Act's enactment.
Banning SPR Oil Exports to Foreign Adversaries Act
USA119th CongressHR-942| House
| Updated: 2/4/2025
This bill, titled the "Banning Strategic Petroleum Reserve Oil Exports to Foreign Adversaries Act," amends the Energy Policy and Conservation Act to restrict the sale and export of petroleum products from the Strategic Petroleum Reserve (SPR) . Its primary purpose is to prevent these critical energy resources from reaching specified foreign adversaries. The legislation explicitly prohibits the export or sale of SPR petroleum to the People's Republic of China , the Democratic People's Republic of Korea , the Russian Federation , and the Islamic Republic of Iran . This prohibition also extends to any entity under the ownership or control of these countries or the Chinese Communist Party . However, the bill includes a provision for a waiver, allowing the Secretary to authorize such exports or sales if it is certified to be in the national security interests of the United States . The Secretary is mandated to issue a rule to implement these prohibitions within 60 days of the Act's enactment.