Bill 119 HR 256, also known as the "Strategic Petroleum Reserve Protection Act," aims to prevent the sale of petroleum products from the Strategic Petroleum Reserve (SPR) to specific entities. The bill seeks to ensure that th...
e SPR, which is a critical national security asset, is not exploited for profit by certain groups.
The legislation prohibits the sale of petroleum products from the SPR to entities that have been identified as engaging in activities that are detrimental to the national interest or security of the United States. This includes entities that have been sanctioned by the US government or are known to support terrorism or hostile foreign governments.
Additionally, the bill includes provisions to strengthen oversight and accountability measures related to the management of the SPR. This includes requiring regular reports to Congress on the status of the reserve and its operations, as well as ensuring that any sales of petroleum products from the SPR are conducted in a transparent and responsible manner.
Overall, Bill 119 HR 256 aims to safeguard the integrity and security of the Strategic Petroleum Reserve by preventing its exploitation for nefarious purposes. It underscores the importance of maintaining the reserve as a vital national security asset and ensuring that it is used in a manner that serves the best interests of the United States.