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Banning Strategic Petroleum Reserve Oil Exports to Certain Countries

This new law aims to protect U.S. oil reserves. It prohibits the sale or export of oil from the Strategic Petroleum Reserve to China, North Korea, Russia, Iran, and entities controlled by these countries or the Chinese Communist Party. This ensures that oil reserves serve only U.S. national security interests, indirectly impacting the nation's energy stability.
Key points
Prohibits the sale of oil from the Strategic Petroleum Reserve to China, North Korea, Russia, and Iran.
The ban also applies to entities controlled by the listed countries or the Chinese Communist Party.
A waiver is possible if the Secretary certifies it is in the national security interests of the United States.
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Status:
Introduced
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Additional Information
Print number: 119_S_393
Sponsor: Sen. Fetterman, John [D-PA]
Process start date: 2025-02-04