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Prohibiting Strategic Petroleum Reserve Sales to Certain Countries

This act aims to protect America's oil reserves. It prohibits the sale of oil from the U.S. Strategic Petroleum Reserve to entities headquartered in countries deemed problematic or in Russia. This ensures these resources serve only U.S. energy security interests.
Key points
Oil from U.S. strategic reserves will not be sold to entities from Russia.
Oil from reserves will not go to entities from countries on a specific government list related to arms export control.
The goal is to strengthen the energy security of the United States.
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Additional Information
Print number: 118_HR_59
Sponsor: Rep. Bice, Stephanie I. [R-OK-5]
Process start date: 2023-01-09