Mandating US-Produced Oil for Strategic Reserve and Limiting Foreign Imports.
This bill aims to boost US energy security by requiring the Strategic Petroleum Reserve (SPR) to be refilled exclusively with domestically produced or refined petroleum products. It imposes strict limitations on importing oil for the reserve from specific foreign nations and links SPR sales restrictions to US foreign policy, such as religious freedom concerns. The overall goal is to stabilize supply and help keep energy costs affordable for American consumers.
Key points
The Strategic Petroleum Reserve (SPR) must only be replenished using petroleum products produced or refined within the United States.
Filling the SPR is prohibited using oil imported from a list of 15 "covered countries," including Russia, China, Iran, and Saudi Arabia.
Before using non-covered foreign oil, the government must certify that all domestic production options have been exhausted.
Oil sold from the SPR cannot be exported to countries designated as religious freedom violators or sold to certain sanctioned state-owned entities.
Status:
Expired
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