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No Oil From Terrorists Act: Banning Iranian Petroleum Imports

This act prohibits the importation of all petroleum products originating from Iran into the United States. The goal is to enhance national and energy security by cutting off funding to entities considered terrorists. Citizens might experience indirect effects on fuel prices, though direct daily life consequences are hard to predict.
Key points
The President must prohibit the import of all petroleum products from Iran.
Civil or criminal penalties can be imposed for violating the prohibition.
The aim is to cut off funding for terrorist entities and enhance U.S. security.
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Additional Information
Print number: 117_HR_6969
Sponsor: Rep. Banks, Jim [R-IN-3]
Process start date: 2022-03-08