HR 59 118th Congress House Energy Asia Belarus Burma Caribbean area China Cuba Energy storage, supplies, demand Europe Foreign and international corporations Iran Latin America Middle East North Korea Oil and gas Russia Sanctions Strategic materials and reserves Syria Trade restrictions Venezuela

SAVE Act

Introduced: January 10, 2023 Introduced by: Bice, Stephanie I. Republican · Oklahoma See on congress.gov

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 9, 2023

Referred to the House Committee on Energy and Commerce.

Jan 9, 2023

Introduced in House

Jan 9, 2023

Referred to the Subcommittee on Energy, Climate and Grid Security.

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Plain-English summary Congressional Research Service

Save America’s Valuable Energy Act or the SAVE Act

This bill directs the Department of Energy (DOE) to prohibit the sale of petroleum products (e.g., crude oil) from the Strategic Petroleum Reserve (SPR) to certain entities. Specifically, DOE must prohibit the sale of petroleum products from the SPR to entities headquartered in Russia. Further, DOE must prohibit the sale of petroleum products from the SPR to entities headquartered in countries (Belarus, Burma, China, Cuba, Iran, North Korea, Syria, and Venezuela) that are subject to certain prohibitions concerning exports of defense articles and services under the Department of State's International Traffic in Arms Regulations.

What's happening now January 9, 2023

Referred to the House Committee on Energy and Commerce.

Bill text 1 version