Section 1 Short title
This Act may be cited as the “Banning Oil Exports to Foreign Adversaries Act”.
Banning 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.
Sec. 2 Prohibition on certain exports
In general— The Energy Policy and Conservation Act is amended by inserting after section 163 (42 U.S.C. 6243) the following:
“164. Prohibition on certain exports
“(a) In general—The Secretary shall prohibit the export or sale of petroleum products drawn down from the Strategic Petroleum Reserve, under any provision of law, to—
“(1) the People’s Republic of China;
“(2) the Democratic People’s Republic of Korea;
“(3) the Russian Federation;
“(4) the Islamic Republic of Iran;
“(5) any other country the government of which is subject to sanctions imposed by the United States; and
“(6) any entity owned, controlled, or influenced by—
“(A) a country referred to in any of paragraphs (1) through (5); or
“(B) the Chinese Communist Party.
“(b) Waiver—The Secretary may issue a waiver of the prohibition described in subsection (a) if the Secretary certifies that any export or sale authorized pursuant to the waiver is in the national security interests of the United States.
“(c) Rule—Not later than 60 days after the date of enactment of the Banning Oil Exports to Foreign Adversaries Act, the Secretary shall issue a rule to carry out this section.”
Conforming amendments—
Drawdown and sale of petroleum products— Section 161(a) of the Energy Policy and Conservation Act (42 U.S.C. 6241(a)) is amended by inserting “and section 164” before the period at the end.
Clerical amendment— The table of contents for the Energy Policy and Conservation Act is amended by inserting after the item relating to section 163 the following: