118th Congress · SENATE BILLBILL

S. 4020Banning Oil Exports to Foreign Adversaries Act

A bill to amend the Energy Policy and Conservation Act to prohibit the export or sale of petroleum products from the Strategic Petroleum Reserve to certain entities, and for other purposes.

Energy
Introduced Mar 21, 2024
Last action Mar 21, 2024
Pipeline · Bill → Law
Step 1
Introduced
Mar 21, 2024
Step 2
Referred
Mar 21, 2024
Energy and Natural Resources
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

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, Iran, Venezuela, Syria, and Cuba; and (2) 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. 

Provisions · 2 sectionsIntroduced in Senate
Timeline · 2 actions
Mar 21, 2024
Introduced in Senate
Mar 21, 2024
Read twice and referred to the Committee on Energy and Natural Resources.