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Oil Reserves: Congress Must Authorize Sales

This new bill requires Congress to approve any sale of oil from the Strategic Petroleum Reserve, unless there's a national emergency. This means the government will have less flexibility in managing oil supplies, potentially affecting fuel prices and energy availability for citizens.
Key points
Selling oil from strategic reserves will require Congressional approval.
A national emergency is the only exception to this rule.
The change aims to increase oversight of oil reserve usage.
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Expired
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Additional Information
Print number: 117_HR_7996
Sponsor: Rep. Fallon, Pat [R-TX-4]
Process start date: 2022-06-09
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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

Strategic Petroleum Reserve Anti-Exploitation Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7996.

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 2022-06-09.

What are the main provisions?

Key points include:

  • Selling oil from strategic reserves will require Congressional approval.
  • A national emergency is the only exception to this rule.
  • The change aims to increase oversight of oil reserve usage.
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. Fallon, Pat [R-TX-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Energy and Commerce.

Is this summary verified?

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

CATEGORIES

Economy Security