Title: Preempting Misguided Appeasement and Financing of Destabilizing Regimes Act of 2022
Policy area: Foreign Trade and International Finance

Summary:
Preempting Misguided Appeasement and Financing of Destabilizing Regimes Act of 2022
This bill prohibits the importation of crude oil, petroleum, petroleum products, and liquefied natural gas from Venezuela and Iran. The prohibition does not apply to those products seized by the U.S. government for violations of sanctions.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 3798 Introduced in Senate (IS)]

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117th CONGRESS
  2d Session
                                S. 3798

    To prohibit the importation of crude oil, petroleum, petroleum 
      products, and liquefied natural gas from Venezuela and Iran.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

               March 10 (legislative day, March 7), 2022

   Mr. Rubio (for himself, Mr. Sullivan, Mr. Daines, Mr. Cramer, Mr. 
 Marshall, Mr. Tillis, Mr. Hoeven, Mr. Scott of Florida, Mr. Lankford, 
 Mr. Inhofe, and Mr. Tuberville) introduced the following bill; which 
        was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
    To prohibit the importation of crude oil, petroleum, petroleum 
      products, and liquefied natural gas from Venezuela and Iran.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Preempting Misguided Appeasement and 
Financing of Destabilizing Regimes Act of 2022''.

SEC. 2. PROHIBITION ON IMPORTATION OF CRUDE OIL, PETROLEUM, PETROLEUM 
              PRODUCTS, AND LIQUEFIED NATURAL GAS FROM VENEZUELA AND 
              IRAN.

    (a) Finding.--Congress makes the following findings:
            (1) Article XXI of the General Agreement on Tariffs and 
        Trade provides for security exceptions to the rules of the 
        World Trade Organization to allow a member of the World Trade 
        Organization to take actions ``necessary for the protection of 
        its essential security interests'' during ``time of war or 
        other emergency in international relations'' or ``to prevent 
        any contracting party from taking any action in pursuance of 
        its obligations under the United Nations Charter for the 
        maintenance of international peace and security''.
            (2) The actions of the Bolivarian Republic of Venezuela and 
        the Islamic Republic of Iran to finance and facilitate the 
        participation of foreign terrorist organizations in ongoing 
        conflicts and illicit activities, in a manner that is 
        detrimental to the security interests of the United States, 
        warrants taking action under that Article.
    (b) Prohibition.--The importation of crude oil, petroleum, 
petroleum products, and liquefied natural gas from Venezuela and Iran 
is prohibited.
    (c) Exception.--The prohibition under subsection (b) does not apply 
with respect to crude oil, petroleum, petroleum products, or liquefied 
natural gas seized by the United States Government for violations of 
sanctions imposed by the United States.
    (d) Effective Date.--The prohibition under subsection (b) applies 
with respect to articles entered, or withdrawn from warehouse for 
consumption, on or after the date that is 15 days after the date of the 
enactment of this Act.
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