A bill to prohibit the importation of petroleum and petroleum products from the Russian Federation.

Bill: 117-s-3718
Sponsor: full_name: Sen. Marshall, Roger [R-KS]
Introduced: 2022-03-01
Policy area: Foreign Trade and International Finance
Subjects: Energy storage, supplies, demand

Europe

Oil and gas

Russia

Trade restrictions
Latest action: action_date: 2022-03-01
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2022-03-01
action_desc: Introduced in Senate
text: <p>This bill prohibits the importation of petroleum and petroleum products from Russia.</p>

tv_txt: II 117th CONGRESS 2d Session S. 3718 IN THE SENATE OF THE UNITED STATES March 1, 2022 Mr. Marshall (for himself, Mr. Barrasso , Mr. Moran , Mr. Cramer , Mr. Rubio , Mr. Scott of Florida , Mr. Grassley , Mr. Hoeven , and Mr. Cornyn ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To prohibit the importation of petroleum and petroleum products from the Russian Federation.

1. Prohibition on importation of petroleum and petroleum products from the Russian Federation (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 aggression of the Russian Federation against Ukraine warrants taking action permitted under that Article. (b) Prohibition The importation of petroleum and petroleum products from the Russian Federation is prohibited. (c) Effective date (1) In general Subject to paragraph (2), the prohibition under subsection (b) applies with respect to petroleum and petroleum products entered, or withdrawn from warehouse for consumption, after the date that is 15 days after the date of the enactment of this Act. (2) Transition rule The prohibition under subsection (b) does not apply with respect to petroleum and petroleum products in transit to the United States on the day before the date of the enactment of this Act.