Banning SPR Oil Exports to Foreign Adversaries Act
Banning SPR Oil Exports to Foreign Adversaries Act
Plain Language Summary
# Banning SPR Oil Exports to Foreign Adversaries Act (HR 942) **What the bill would do:** This bill would prohibit the U.S. government from selling or exporting oil from the Strategic Petroleum Reserve (SPR)—the nation's emergency stockpile of crude oil—to countries designated as "foreign adversaries." The SPR is meant to be tapped during supply disruptions or national emergencies. The bill would add a restriction preventing these reserves from being sold to hostile nations, though it doesn't define which countries would qualify as adversaries. **Who it affects and key provisions:** The bill would primarily affect U.S. energy policy and international trade.
It targets both the executive branch (which manages SPR sales) and potentially oil companies that might purchase SPR oil for export. The measure aims to ensure that emergency oil reserves aren't sold to geopolitical rivals who could use the revenue to fund activities contrary to U.S. interests. **Current status:** HR 942 is currently in committee as of the 119th Congress, meaning it hasn't yet advanced to a full House vote. The bill was introduced by Representative Chrissy Houlahan (D-PA) but remains in the early legislative stage with no movement toward passage at this time.
Latest Action
Referred to the House Committee on Energy and Commerce.