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Sanctions on Russia and Increased US Energy Production

This act imposes sanctions on Russian oil and gas imports, which may affect fuel prices. It also expedites natural gas export approvals to US allies and resumes domestic oil and gas leasing, aiming to increase energy availability and stabilize prices. Citizens might experience changes in energy costs and fuel availability.
Key points
Ban on Russian oil and gas imports: This could impact fuel prices in the US, potentially leading to increases, but aims to weaken Russia's economy.
Expedited natural gas exports to allies: Facilitates the US in supplying liquefied natural gas (LNG) to partner countries, which can strengthen allies' energy security and increase export revenues.
Resumption of oil and gas leasing: Aims to boost domestic energy production, which in the long run could help stabilize fuel prices and reduce import reliance.
Financial support for clean energy technology exports: The Export-Import Bank is to financially support the export of clean energy technologies and energy infrastructure, potentially creating new jobs and fostering innovation.
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Expired
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Additional Information
Print number: 117_HR_6944
Sponsor: Rep. Curtis, John R. [R-UT-3]
Process start date: 2022-03-07
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

EUROPE Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6944.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-03-07.

What are the main provisions?

Key points include:

  • Ban on Russian oil and gas imports: This could impact fuel prices in the US, potentially leading to increases, but aims to weaken Russia's economy.
  • Expedited natural gas exports to allies: Facilitates the US in supplying liquefied natural gas (LNG) to partner countries, which can strengthen allies' energy security and increase export revenues.
  • Resumption of oil and gas leasing: Aims to boost domestic energy production, which in the long run could help stabilize fuel prices and reduce import reliance.
  • Financial support for clean energy technology exports: The Export-Import Bank is to financially support the export of clean energy technologies and energy infrastructure, potentially creating new jobs and fostering innovation.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Curtis, John R. [R-UT-3].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Energy and Mineral Resources.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Environment Security