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Prohibition on selling oil from strategic reserves to Russia and listed countries

The Act prohibits the sale of petroleum products from the Strategic Petroleum Reserve to entities headquartered in Russia or in countries listed in specific federal regulations (22 CFR 126.1). The new regulations amend the Energy Policy and Conservation Act.
Key points
Prohibits selling oil from the Strategic Petroleum Reserve to entities headquartered in Russia.
The ban also applies to entities in countries listed in table 1 to paragraph (d)(1) under section 126.1 of title 22, Code of Federal Regulations.
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Additional Information
Print number: 117_HR_8554
Sponsor: Rep. Bice, Stephanie I. [R-OK-5]
Process start date: 2022-07-28
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SAVE Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8554.

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 2022-07-28.

What are the main provisions?

Key points include:

  • Prohibits selling oil from the Strategic Petroleum Reserve to entities headquartered in Russia.
  • The ban also applies to entities in countries listed in table 1 to paragraph (d)(1) under section 126.1 of title 22, Code of Federal Regulations.
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. Bice, Stephanie I. [R-OK-5].

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 2026-01-02.

CATEGORIES

Economy Security