Bill > HR942

This bill amends the Energy Policy and Conservation Act to prohibit the export or sale of petroleum products from the Strategic Petroleum Reserve (SPR) - a large underground oil storage facility maintained by the U.S. government - to specific countries and entities considered foreign adversaries. Specifically, the bill bars exports to the People's Republic of China, North Korea, Russia, Iran, and any entities owned or controlled by these countries or the Chinese Communist Party. The Secretary of Energy is granted the ability to waive this prohibition if they certify that a specific export is in the national security interests of the United States. The bill requires the Secretary to issue implementing rules within 60 days of the Act's enactment. These restrictions are part of a broader effort to limit oil sales to countries deemed potential strategic competitors or national security risks, with the goal of protecting U.S. energy resources and maintaining geopolitical leverage. The bill includes technical amendments to existing laws to integrate these new export restrictions into the existing legal framework governing the Strategic Petroleum Reserve.

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https://www.congress.gov/bill/119th-congress/house-bill/942/all-info