Inserts a new section (titled "164 Prohibition on certain exports") after section 163 (42 U.S.C. 6243). The new section prohibits the export or sale of petroleum products drawn down from the Strategic Petroleum Reserve to the People’s Republic of China, the Democratic People’s Republic of Korea, the Russian Federation, the Islamic Republic of Iran, and any entity owned or controlled by those countries or by the Chinese Communist Party; authorizes the Secretary to waive the prohibition if the Secretary certifies the export is in the national security interests of the United States; and requires the Secretary to issue a rule to carry out the section not later than 60 days after enactment.

Section 161(a) of the Energy Policy and Conservation Act (42 U.S.C. 6241(a)) is amended by inserting additional language before the period at the end of the subsection (specific inserted text not provided in this section).

Section 101(b) of the Consolidated Appropriations Act, 2016 (42 U.S.C. 6212a(b)) is amended by inserting additional text after an indicated location (the specific insertion text/location is not provided in this section).