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Inserts a new section after 42 U.S.C. 6247b (an EPCA section 170) creating a prohibition on sales of petroleum products drawn from the Strategic Petroleum Reserve to entities headquartered in countries listed in table 1 to 22 C.F.R. 126.1(d)(1) as in effect on the date of enactment or to entities headquartered in Russia.
Amends subsection (a) of 42 U.S.C. 6241 (section 161(a) of EPCA) by inserting additional text before the period at the end of the subsection (inserted text not specified in this section).
Stops the U.S. from selling oil from the Strategic Petroleum Reserve (SPR) to companies headquartered in certain countries. It blocks sales to entities based in Russia and in countries on a State Department arms‑embargo list (22 C.F.R. 126.1, table 1) as that list exists on the day the law takes effect. It updates the Energy Policy and Conservation Act to add this sales ban and makes technical cross‑references. It does not change when or how the SPR can be used, only who is allowed to buy from it.
Insert a new section 170 into the Energy Policy and Conservation Act requiring the Secretary to prohibit the sale of petroleum products drawn down from the Strategic Petroleum Reserve, under any provision of law, to any entity headquartered in a country listed in table 1 to paragraph (d)(1) under section 126.1 of title 22, Code of Federal Regulations, as in effect on the date of enactment of this section.
Require the Secretary to prohibit the sale of petroleum products drawn down from the Strategic Petroleum Reserve to any entity headquartered in Russia.
Amend section 161(a) of the Energy Policy and Conservation Act (42 U.S.C. 6241(a)) by inserting text before the period at the end of that subsection (conforming amendment).
Amend the table of contents for the Energy Policy and Conservation Act by inserting, after the item relating to section 169, an item for the newly inserted section (text shown as inserted in the bill).
Referred to the House Committee on Energy and Commerce.
Introduced January 9, 2025 by Stephanie I. Bice · Last progress January 9, 2025
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Referred to the House Committee on Energy and Commerce.
Introduced in House