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Ban on Gas and Oil Exports to Selected Countries for Price Protection

This new act aims to protect American households from rising energy costs by prohibiting the export of liquefied natural gas and petroleum products to China, Russia, North Korea, and Iran. This could potentially stabilize energy prices in the US, but might also limit the availability of these products on international markets.
Key points
Export Ban: US companies are prohibited from selling liquefied natural gas and petroleum products to China, Russia, North Korea, and Iran.
Energy Price Protection: The goal is to lower or stabilize energy prices for American consumers by keeping resources within the country.
Severe Penalties for Violations: Breaking the ban carries very high financial penalties (up to $250 million or twice the transaction value) and prison sentences (up to 20 years).
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Status: Introduced
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Additional Information
Print number: 119_S_1274
Sponsor: Sen. Merkley, Jeff [D-OR]
Process start date: 2025-04-03