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Ban on exporting oil from strategic reserves to specific countries.

New rules aim to restrict the export of crude oil from U.S. strategic reserves. This means oil sold from these reserves cannot go to China, North Korea, or Iran, nor to companies controlled by the Chinese Communist Party. The goal is to protect the nation's energy resources and prevent their use by certain states.
Key points
Crude oil sold from U.S. strategic reserves cannot be exported to China, North Korea, and Iran.
Companies controlled by the Chinese Communist Party will be prohibited from purchasing oil from U.S. strategic reserves.
The changes aim to enhance U.S. energy security and limit oil access for selected countries.
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Additional Information
Print number: 117_HR_8547
Sponsor: Rep. Wittman, Robert J. [R-VA-1]
Process start date: 2022-07-27