S 2058
112th Congress
Senate
Energy
Congressional oversight
Government information and archives
Industrial facilities
Iran
Middle East
Oil and gas
Sanctions
Strategic materials and reserves
Technology transfer and commercialization
Trade restrictions
A bill to close loopholes, increase transparency, and improve the effectiveness of sanctions on Iranian trade in petroleum products.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 1, 2012
Read twice and referred to the Committee on Energy and Natural Resources.
Feb 1, 2012
Introduced in Senate
Plain-English summary
States that the Secretary of Energy (DOE) shall engage in any sale, purchase, or exchange activity involving the Strategic Petroleum Reserve only with a person certifying to the Secretary that the person is not directly or indirectly conducting transactions in or with Iran or an Iranian entity.
Exempts from such restriction transactions relating to humanitarian assistance, agricultural products, medicine, or a medical device to Iran or an Iranian entity.
Requires the Government Accountability Office (GAO) to report to Congress every 180 days regarding Iranian imports of crude oil and refined petroleum products.
What's happening now
Read twice and referred to the Committee on Energy and Natural Resources.
Committees of jurisdiction
1