Summary of Bill HR 22
Bill 118 hr 22, also known as the Protecting America’s Strategic Petroleum Reserve from China Act, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to prevent China from gaining control of America’s Strategic Petroleum Reserve (SPR).
The Strategic Petroleum Reserve is a stockpile of emergency crude oil that the US government maintains in case of a national energy crisis. It is meant to ensure that the country has a stable supply of oil in the event of disruptions in the global oil market.
The Protecting America’s Strategic Petroleum Reserve from China Act aims to prohibit the sale or transfer of any SPR oil to China. This is in response to concerns that China could use control of the SPR to manipulate global oil prices or disrupt US energy security.
The bill also includes provisions to increase transparency and oversight of the SPR, as well as measures to strengthen US energy independence and security. It has received bipartisan support in Congress, with lawmakers from both parties recognizing the importance of protecting America’s energy resources from foreign influence.
Overall, the Protecting America’s Strategic Petroleum Reserve from China Act is a significant piece of legislation that seeks to safeguard the country’s energy security and prevent potential threats from foreign adversaries.