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Banning Strategic Petroleum Reserve Oil Exports to China, Russia, and Adversaries.

This bill aims to enhance U.S. energy security by prohibiting the sale or export of petroleum products drawn from the Strategic Petroleum Reserve (SPR) to specific countries designated as foreign adversaries. This ensures that oil reserves intended for domestic market stabilization during crises cannot be diverted to nations like China or Russia, protecting national interests and potentially stabilizing domestic fuel prices. The Secretary retains the power to waive this prohibition if the sale is certified to be in the national security interests of the United States.
Key points
Direct prohibition on selling SPR oil to China, Russia, Iran, North Korea, Venezuela, Syria, and Cuba.
The ban also applies to any entity owned, controlled, or influenced by these countries or the Chinese Communist Party.
The Secretary can issue a waiver if the export is certified to be in the national security interests of the United States.
The goal is to safeguard U.S. energy resources and prevent their use by designated adversaries, indirectly supporting domestic market stability.
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Additional Information
Print number: 118_S_4020
Sponsor: Sen. Fetterman, John [D-PA]
Process start date: 2024-03-21
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Banning Oil Exports to Foreign Adversaries Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_4020.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-03-21.

What are the main provisions?

Key points include:

  • Direct prohibition on selling SPR oil to China, Russia, Iran, North Korea, Venezuela, Syria, and Cuba.
  • The ban also applies to any entity owned, controlled, or influenced by these countries or the Chinese Communist Party.
  • The Secretary can issue a waiver if the export is certified to be in the national security interests of the United States.
  • The goal is to safeguard U.S. energy resources and prevent their use by designated adversaries, indirectly supporting domestic market stability.
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. Fetterman, John [D-PA].

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

Security Economy