Banning Oil Exports to Foreign Adversaries Act

Bill: 118-s-4020
Sponsor: full_name: Sen. Fetterman, John [D-PA]
Introduced: 2024-03-21
Policy area: Energy
Latest action: action_date: 2024-03-21
text: Read twice and referred to the Committee on Energy and Natural Resources.

Summaries:
action_date: 2024-03-21
action_desc: Introduced in Senate
text: <p><strong>Banning Oil Exports to Foreign Adversaries Act</strong></p><p>This bill requires the Department of Energy (DOE) to prohibit the export or sale of petroleum products (e.g., crude oil) from the Strategic Petroleum Reserve to (1) China, North Korea, Russia, Iran, Venezuela, Syria, and Cuba; and (2) any entity owned, controlled, or influenced by such countries or the Chinese Communist Party. However, DOE may issue a waiver of the prohibition if the export or sale of petroleum products is in the national security interests of the United States.&nbsp;</p>

tv_txt: II 118th CONGRESS 2d Session S. 4020 IN THE SENATE OF THE UNITED STATES March 21, 2024 Mr. Fetterman (for himself, Ms. Ernst , Mr. Casey , Mr. Brown , and Mr. Cotton ) introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources A BILL To amend the Energy Policy and Conservation Act to prohibit the export or sale of petroleum products from the Strategic Petroleum Reserve to certain entities, and for other purposes.

1. Short title This Act may be cited as the Banning Oil Exports to Foreign Adversaries Act . 2. Prohibition on certain exports (a) In general The Energy Policy and Conservation Act is amended by inserting after section 163 ( 42 U.S.C. 6243 ) the following: 164. Prohibition on certain exports (a) In general The Secretary shall prohibit the export or sale of petroleum products drawn down from the Strategic Petroleum Reserve, under any provision of law, to— (1) the People’s Republic of China; (2) the Democratic People’s Republic of Korea; (3) the Russian Federation; (4) the Islamic Republic of Iran; (5) the Bolivarian Republic of Venezuela; (6) the Syrian Arab Republic; (7) the Republic of Cuba; and (8) any entity owned, controlled, or influenced by— (A) a country referred to in any of paragraphs (1) through (7); or (B) the Chinese Communist Party. (b) Waiver The Secretary may issue a waiver of the prohibition described in subsection (a) if the Secretary certifies that any export or sale authorized pursuant to the waiver is in the national security interests of the United States. (c) Rule Not later than 60 days after the date of enactment of the Banning Oil Exports to Foreign Adversaries Act , the Secretary shall issue a rule to carry out this section. . (b) Conforming amendments (1) Drawdown and sale of petroleum products Section 161(a) of the Energy Policy and Conservation Act ( 42 U.S.C. 6241(a) ) is amended by inserting and section 164 before the period at the end. (2) Clerical amendment The table of contents for the Energy Policy and Conservation Act is amended by inserting after the item relating to section 163 the following: Sec. 164. Prohibition on certain exports. .