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HR 8614 117th Congress House Energy China Europe Iran North Korea Oil and gas Russia Sanctions Strategic materials and reserves Trade restrictions

Banning Oil Exports to Foreign Adversaries Act

Introduced: July 29, 2022 Introduced by: Houlahan, Chrissy Democratic · Pennsylvania See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 29, 2022
Referred to the House Committee on Energy and Commerce.
Jul 29, 2022
Introduced in House
 Plain-English summary Congressional Research Service

Banning Oil Exports to Foreign Adversaries Act

This bill requires the Department of Energy (DOE) to prohibit the export or sale of petroleum products (e.g., crude oil) from the Strategic Petroleum Reserve to (1) China, North Korea, Russia, and Iran; (2) any other country the government of which is subject to sanctions imposed by the United States; and (3) any entity owned, controlled, or influenced by such countries or the Chinese Communist Party. However, DOE may issue a waiver of the prohibition if the export or sale of petroleum products is in the national security interests of the United States.

What's happening now July 29, 2022

Referred to the House Committee on Energy and Commerce.

 Committees of jurisdiction 1