No Emergency Crude Oil for Foreign Adversaries Act

Bill: 117-s-4515
Sponsor: full_name: Sen. Cruz, Ted [R-TX]
Introduced: 2022-07-13
Policy area: Energy
Subjects: Asia

China

Congressional oversight

Europe

Iran

Middle East

North Korea

Oil and gas

Russia

Strategic materials and reserves

Trade restrictions
Latest action: action_date: 2022-12-01
text: Committee on Energy and Natural Resources. Hearings held.

Summaries:
action_date: 2022-07-13
action_desc: Introduced in Senate
text: <p><b>No Emergency Crude Oil for Foreign Adversaries Act</b></p> <p>This bill prohibits exports of crude oil from the Strategic Petroleum Reserve (SPR) to China, Russia, North Korea, and Iran. Specifically, the bill directs the Department of Energy (DOE) to require as a condition of any sale of crude oil from the SPR that the oil not be exported to such countries. However, DOE may issue a waiver of the prohibition if the sale of crude oil is in the national security interests of the United States.</p> <p>In addition, DOE must report on (1) the route to destination and place of refinement of all crude oil sold at auction from the SPR since November 23, 2021, and (2) the ownership of the refinement facilities at which such crude oil was refined.</p>

tv_txt: II 117th CONGRESS 2d Session S. 4515 IN THE SENATE OF THE UNITED STATES July 13, 2022 Mr. Cruz (for himself, Mrs. Blackburn , Mr. Hawley , Ms. Ernst , Mr. Lankford , Mr. Kennedy , Mr. Marshall , Mr. Inhofe , and Mrs. Hyde-Smith ) introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources A BILL To require the Secretary of Energy to stipulate, as a condition on the sale at auction of any crude oil from the Strategic Petroleum Reserve, that the crude oil not be exported to certain countries, and for other purposes.

1. Short title This Act may be cited as the No Emergency Crude Oil for Foreign Adversaries Act . 2. Condition on auction of crude oil from the Strategic Petroleum Reserve (a) Definitions In this section: (1) Bidder The term bidder means an individual or entity bidding or intending to bid at an auction of crude oil from the Strategic Petroleum Reserve. (2) Secretary The term Secretary means the Secretary of Energy. (3) Strategic Petroleum Reserve The term Strategic Petroleum Reserve means the Strategic Petroleum Reserve established under part B of title I of the Energy Policy and Conservation Act ( 42 U.S.C. 6231 et seq. ). (b) Prohibition on export of SPR crude oil to certain countries (1) In general Notwithstanding any other provision of law, including section 161 of the Energy Policy and Conservation Act ( 42 U.S.C. 6241 ), and subject to paragraph (2), with respect to the drawdown and sale at auction of any crude oil from the Strategic Petroleum Reserve after the date of enactment of this Act, the Secretary shall require, as a condition of any such sale, that the crude oil not be exported to— (A) the People’s Republic of China; (B) the Russian Federation; (C) the Democratic People’s Republic of Korea; or (D) the Islamic Republic of Iran. (2) Waiver (A) In general On application by a bidder, the Secretary may waive, prior to the date of the applicable auction, the condition described in paragraph (1) with respect to the sale of crude oil to that bidder at that auction. (B) Requirement The Secretary may issue a waiver under subparagraph (A) only if the Secretary determines that the waiver is in the interest of the national security of the United States. (C) Applications (i) In general A bidder desiring a waiver under subparagraph (A) shall submit to the Secretary an application— (I) not later than the date that is 30 days before the date of the applicable auction; and (II) in such form and containing such information as the Secretary may require. (ii) Deadline for decision The Secretary shall determine whether to approve or deny an application submitted under clause (i) by the date that is 30 days after the date on which the application is submitted. (c) Report Not later than 180 days after the date of enactment of this Act, the Secretary shall submit to the Committee on Energy and Natural Resources of the Senate and the Committees on Energy and Commerce and Natural Resources of the House of Representatives a report describing— (1) the route to destination and place of refinement of all crude oil sold at auction from the Strategic Petroleum Reserve since November 23, 2021; and (2) the ownership of the refinement facilities at which crude oil described in paragraph (1) was refined.