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Banning US Strategic Petroleum Reserve Oil Exports to Foreign Adversaries

This new act aims to prohibit the sale and export of oil from the U.S. Strategic Petroleum Reserve to China, North Korea, Russia, and Iran, as well as entities controlled by these countries or the Chinese Communist Party. This is intended to protect U.S. national security and prevent these resources from being used by potential adversaries. Citizens may experience an indirect impact on energy price stability, though direct daily life consequences are minimal.
Key points
Prohibits the sale of oil from U.S. strategic reserves to China, North Korea, Russia, and Iran.
The ban also includes entities controlled by the listed countries or the Chinese Communist Party.
Waiver possible only if certified to be in the national security interests of the United States.
Aims to protect U.S. energy resources and prevent their use by adversaries.
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Additional Information
Print number: 119_HR_942
Sponsor: Rep. Houlahan, Chrissy [D-PA-6]
Process start date: 2025-02-04