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Prohibiting Oil and Gas Imports from Russia, Iran, and Venezuela

This new bill completely bans the import of oil and gas products from Russia, Iran, and Venezuela into the United States. This means American companies will no longer be able to purchase these resources from the listed countries, potentially impacting fuel prices and energy availability. The aim is to reduce reliance on these sources and enhance energy security.
Key points
Import Ban: As of the bill's enactment, the U.S. will prohibit the import of petroleum and gas products from Russia, Iran, and Venezuela.
Potential Price Impact: Citizens might experience changes in fuel prices as the market adjusts to find alternative supply sources.
Energy Security: The bill aims to increase U.S. energy independence by limiting imports from specific nations.
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Additional Information
Print number: 117_HR_6942
Sponsor: Rep. Green, Mark E. [R-TN-7]
Process start date: 2022-03-07