Bill > S1274

This bill, known as the "Protecting American Households From Rising Energy Costs Act of 2025," aims to prohibit the export of liquefied natural gas (LNG) and petroleum products to certain countries, specifically targeting entities in or controlled by China, Russia, North Korea, and Iran. The bill establishes that no person or entity may export or resell LNG or petroleum products to these countries or their associated entities, unless a waiver is granted. To obtain a waiver, an exporter must apply to the Secretary of Energy and demonstrate that an imminent and acute national security emergency exists, with no other adequate response available. The bill includes strict enforcement provisions, with potential civil penalties up to $250 million or twice the transaction value, and criminal penalties of up to $100 million and 20 years imprisonment for knowingly violating the export restrictions. Exporters are responsible for ensuring compliance with this Act and other applicable laws, including regulations from the Office of Foreign Assets Control and the Federal Energy Regulatory Commission. The Secretary of Energy is authorized to create, amend, and rescind rules to implement the Act, and must notify congressional committees within 15 days of issuing any waivers.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/1274/all-info