“A bill to prohibit the export of liquified natural gas and petroleum products to certain countries.”
No CRS summary available for this bill.
This section defines, for purposes of the Act, the term "petroleum product" as having the meaning given in section 3 of the Energy Policy and Conservation Act (42 U.S.C. 6202)—i.e., crude oil, residual fuel oil, or any refined petroleum product (including any natural liquid and any natural gas liquid product)—and the term "Secretary" as the Secretary of Energy.
This section prohibits any person or entity from exporting or reselling liquefied natural gas (LNG) or petroleum products, directly or indirectly, to any entity operating in the territory of, or owned or controlled by, the People's Republic of China (or the Chinese Communist Party), the Russian Federation, the Democratic People's Republic of Korea, or the Islamic Republic of Iran, unless waived by the Secretary of Energy. The Secretary may issue a waiver prior to the applicable contract only upon determining an imminent and acute U.S. national security emergency exists that other means cannot adequately address, with applications required in a form specified by the Secretary and notice of any waiver provided to the Senate Committee on Energy and Natural Resources and the House Committee on Energy and Commerce within 15 days. The section places responsibility for compliance on export authorization holders, including adherence to Office of Foreign Assets Control and Federal Energy Regulatory Commission requirements, and authorizes the Secretary to promulgate implementing rules and regulations.
This section establishes enforcement provisions for violations of the Act, making it unlawful to violate, attempt to violate, conspire to violate, or cause a violation of any prohibition or authorization issued under the Act. It authorizes the Secretary to impose civil penalties of up to the greater of $250 million or twice the transaction value after notice and hearing, with judicial enforcement—including injunctions—available if unpaid. It also provides criminal penalties of a fine up to $100 million, imprisonment up to 20 years, or both, for knowing violations, attempts, conspiracies, or aiding and abetting.