Sponsors (35)
The bill strengthens national security by preventing SPR petroleum sales to adversary or state-controlled entities and giving the Secretary blocking authority, but it narrows SPR flexibility and may raise compliance costs and consumer fuel prices.
Taxpayers and state governments: the bill prevents Strategic Petroleum Reserve (SPR) petroleum drawdowns from directly benefitting adversary or state-controlled entities and gives the Secretary clear authority to block strategic supplies from reaching hostile governments, strengthening U.S. national security and sanctions leverage.
Taxpayers/consumers: by restricting potential buyers for SPR sales, the bill could reduce sales opportunities and tighten supply, which may contribute to higher gasoline or diesel prices for consumers.
State governments and federal policymakers: the prohibition could reduce the government's flexibility to use the SPR for emergency sales or diplomatic leverage, potentially slowing or constraining responses that require exports.
Utilities and energy companies: the rule may complicate SPR transactions and supply chains by adding compliance requirements to ensure buyers are not controlled by listed entities, raising administrative and transactional costs.
Based on analysis of 2 sections of legislative text.
Prohibits exports or sales of petroleum products from the SPR to China, North Korea, Russia, Iran, and entities they own/control, unless waived for U.S. national security.
Introduced February 4, 2025 by Christina Houlahan · Last progress February 4, 2025
Prohibits exports or sales of petroleum products taken from the Strategic Petroleum Reserve to China, North Korea, Russia, Iran, and entities owned or controlled by those countries or by the Chinese Communist Party. The Energy Secretary may waive the ban if the sale or export is certified as in the national security interests of the United States and must issue an implementing rule within 60 days of enactment.