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Prohibition on Selling Strategic Petroleum Reserve Oil to Certain Countries

This new law aims to protect America's oil reserves. It prohibits the sale of oil from the U.S. Strategic Petroleum Reserve to companies headquartered in countries deemed dangerous or in Russia. This ensures these resources serve only U.S. energy security.
Key points
Oil from the U.S. Strategic Petroleum Reserve will not be sold to companies from Russia.
Sales of oil from strategic reserves will be prohibited for companies from countries deemed dangerous by the U.S. government.
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Introduced
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Additional Information
Print number: 119_HR_256
Sponsor: Rep. Bice, Stephanie I. [R-OK-5]
Process start date: 2025-01-09
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SAVE Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_256.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-01-09.

What are the main provisions?

Key points include:

  • Oil from the U.S. Strategic Petroleum Reserve will not be sold to companies from Russia.
  • Sales of oil from strategic reserves will be prohibited for companies from countries deemed dangerous by the U.S. government.
What is the specific legal status?

The current status is Introduced.

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 Rep. Bice, Stephanie I. [R-OK-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Energy and Commerce.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy Security