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Restrictions on Strategic Petroleum Reserve Sales: Export and Entity Bans

New rules limit the sale of oil from the U.S. Strategic Petroleum Reserve. This means the oil cannot be exported to countries designated for religious freedom violations, nor sold to state-owned entities that have purchased oil from sanctioned nations. The aim is to ensure strategic resources align with U.S. national security and foreign policy interests.
Key points
Oil from the U.S. Strategic Petroleum Reserve cannot be exported to countries violating religious freedom.
State-owned entities that bought oil from sanctioned countries are barred from purchasing oil from the Strategic Petroleum Reserve.
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Additional Information
Print number: 117_S_4651
Sponsor: Sen. Barrasso, John [R-WY]
Process start date: 2022-07-28
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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

A bill to amend the Energy Policy and Conservation Act to require the Secretary of Energy to stipulate, as a condition on the sale at auction of any petroleum products from the Strategic Petroleum Reserve, that the petroleum products not be exported to certain countries, to prohibit such sales to certain state-owned entities, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4651.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-07-28.

What are the main provisions?

Key points include:

  • Oil from the U.S. Strategic Petroleum Reserve cannot be exported to countries violating religious freedom.
  • State-owned entities that bought oil from sanctioned countries are barred from purchasing oil from the Strategic Petroleum Reserve.
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 Sen. Barrasso, John [R-WY].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Security