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Ban on Exporting Gas and Oil to China, Russia, North Korea, and Iran

This Act aims to protect American households from rising energy costs by restricting the export of liquefied natural gas and petroleum products to specific countries. This limitation could potentially increase the domestic supply of these commodities, which theoretically should help stabilize or lower energy prices for citizens. Companies violating this ban face severe financial penalties and imprisonment, ensuring effective enforcement of the new rules.
Key points
Main Change: Prohibition on exporting liquefied natural gas (LNG) and petroleum products to China, Russia, North Korea, and Iran.
Objective: Protecting American consumers from rising energy prices by keeping more resources within the country.
Waivers: The Secretary of Energy may grant an exception (waiver) if determined to be in the interest of U.S. national security.
Penalties: Violations carry very high civil penalties (up to $250 million or twice the transaction value) and criminal penalties (up to $100 million fine and up to 20 years in prison).
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Additional Information
Print number: 118_S_3828
Sponsor: Sen. Merkley, Jeff [D-OR]
Process start date: 2024-02-28
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Protecting American Households From Rising Energy Costs Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3828.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-02-28.

What are the main provisions?

Key points include:

  • Main Change: Prohibition on exporting liquefied natural gas (LNG) and petroleum products to China, Russia, North Korea, and Iran.
  • Objective: Protecting American consumers from rising energy prices by keeping more resources within the country.
  • Waivers: The Secretary of Energy may grant an exception (waiver) if determined to be in the interest of U.S. national security.
  • Penalties: Violations carry very high civil penalties (up to $250 million or twice the transaction value) and criminal penalties (up to $100 million fine and up to 20 years in prison).
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. Merkley, Jeff [D-OR].

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 2025-12-26.

CATEGORIES

Economy Security