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Banning Oil Exports from Strategic Reserve to Certain Countries

This new law aims to restrict the sale of petroleum products from the U.S. Strategic Petroleum Reserve to countries considered adversaries. This means that oil stored for emergencies cannot be sold to countries like China, Russia, or Iran, unless it serves U.S. national security interests. The goal is to enhance energy security and protect national resources.
Key points
Prohibits the export or sale of oil from the U.S. Strategic Petroleum Reserve to China, North Korea, Russia, Iran, and sanctioned countries.
The ban also applies to entities owned, controlled, or influenced by these countries or the Chinese Communist Party.
A waiver is possible if the Secretary certifies it is in the national security interests of the United States.
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Additional Information
Print number: 117_HR_8614
Sponsor: Rep. Houlahan, Chrissy [D-PA-6]
Process start date: 2022-07-29