Sponsor
Brad Sherman
Representative · D-CA
Representative · D-CA
The bill prioritizes keeping U.S. fuel supplies at home and gives the President wartime flexibility to secure domestic energy, but does so at the expense of export revenue and industry certainty and with a risk of higher global (and thus domestic) fuel prices.
Drivers and consumers (taxpayers, middle-class families) are more likely to find domestic gasoline and diesel available and avoid some price spikes because exports can be halted to keep fuel at home.
The President gains leverage to prioritize U.S. fuel security during wartime disruptions of global shipping routes, helping ensure military and civilian energy needs are treated as a national-security priority.
All U.S. oil producers, exporters, refiners, and related workers (energy-workers, transportation-workers, small-business owners) would face lost export sales and added logistics/regulatory costs—reducing company revenue and potentially cutting investment and jobs.
Drivers and consumers (taxpayers, middle-class families) could still face higher fuel prices if global crude supply shifts push international prices up, which can feed back into U.S. pump prices despite an export ban.
The bill vests broad discretionary authority in the President to restrict or permit energy exports, creating separation-of-powers and industry predictability concerns for financial institutions and businesses that rely on stable trade rules.
Based on analysis of 2 sections of legislative text.
Temporarily bans exports of crude oil, gasoline, and diesel until the President certifies Iran hostilities have ceased and the Strait of Hormuz is fully open, with a narrow waiver for crude.
Prohibits exports of crude oil, gasoline, and diesel from the United States from enactment until the President certifies that military operations against Iran (that began in March 2026) have ceased and the Strait of Hormuz is fully open to global shipping. The bill preserves a narrow presidential waiver allowing crude exports when U.S. refineries cannot efficiently refine certain crude, but the waiver requires an export license and that exported crude be refined abroad and then imported back into the United States.
Official title: To provide for the prohibition on exports of crude oil, gasoline, and diesel fuel during period of military operations against Iran.
Introduced May 7, 2026 by Brad Sherman · Last progress May 7, 2026