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Banning Oil Exports from Strategic Reserve to Adversary Nations

This new law aims to protect the energy security of the United States. It prohibits the sale of petroleum products from the Strategic Petroleum Reserve to countries considered adversaries or subject to sanctions. Citizens may experience greater stability in domestic fuel supplies, as reserve oil will be exclusively for internal needs or allies.
Key points
Prohibits the sale of oil from strategic reserves to China, North Korea, Russia, Iran, and countries under US sanctions.
The ban also applies to entities owned or controlled 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: 118_HR_293
Sponsor: Rep. Houlahan, Chrissy [D-PA-6]
Process start date: 2023-01-11