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Prohibiting Russian Oil Imports: Impact on Fuel Prices and Economy.

This act bans the import of all petroleum products from Russia into the United States. However, the President can temporarily lift this prohibition if deemed appropriate due to the situation in Ukraine. The goal is to weaken the Russian economy, which might affect fuel prices in the US.
Key points
Total ban on importing oil and petroleum products from Russia to the US.
President can temporarily lift the ban, notifying Congress of the reasons.
Introduction of civil and criminal penalties for violating the prohibition.
Potential impact on fuel prices and transportation costs in the US.
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Additional Information
Print number: 117_HR_6919
Sponsor: Rep. Cole, Tom [R-OK-4]
Process start date: 2022-03-03