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Strengthening US Strategic Petroleum Reserve and Energy Independence

This act aims to bolster US energy security by studying and replenishing strategic petroleum reserves. It prohibits the sale of reserve oil to embargoed or state-sponsored terrorism countries, as well as entities linked to China. Additionally, it seeks to boost domestic energy production, potentially impacting fuel prices and energy availability for citizens.
Key points
Prohibits the sale of strategic petroleum reserve oil to embargoed countries, state sponsors of terrorism, and Chinese-owned entities, aiming to protect national security interests.
Requires a plan to increase domestic oil and gas production on federal lands, which could lead to greater energy availability and potentially lower prices.
Directs federal agencies to identify and repeal regulations that reduce US energy independence and to reduce regulatory burdens for energy producers.
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Status:
Expired
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Additional Information
Print number: 117_HR_8766
Sponsor: Rep. Chabot, Steve [R-OH-1]
Process start date: 2022-09-02