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SAVE Act
12/15/2023, 3:53 PM
Congressional Summary of HR 59
Save America’s Valuable Energy Act or the SAVE Act
This bill directs the Department of Energy (DOE) to prohibit the sale of petroleum products (e.g., crude oil) from the Strategic Petroleum Reserve (SPR) to certain entities. Specifically, DOE must prohibit the sale of petroleum products from the SPR to entities headquartered in Russia. Further, DOE must prohibit the sale of petroleum products from the SPR to entities headquartered in countries (Belarus, Burma, China, Cuba, Iran, North Korea, Syria, and Venezuela) that are subject to certain prohibitions concerning exports of defense articles and services under the Department of State's International Traffic in Arms Regulations.
Read the Full Bill
Current Status of Bill HR 59
Bill HR 59 is currently in the status of Bill Introduced since January 9, 2023. Bill HR 59 was introduced during Congress 118 and was introduced to the House on January 9, 2023. Bill HR 59's most recent activity was Referred to the House Committee on Energy and Commerce. as of January 9, 2023
Bipartisan Support of Bill HR 59
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
14Democrat Cosponsors
0Republican Cosponsors
14Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 59
Primary Policy Focus
EnergyPotential Impact Areas
- Asia
- Belarus
- Burma
- Caribbean area
- China
- Cuba
- Energy storage, supplies, demand
- Europe
- Foreign and international corporations
- Iran
- Latin America
- Middle East
- North Korea
- Oil and gas
- Russia
- Sanctions
- Strategic materials and reserves
- Syria
- Trade restrictions
- Venezuela
Alternate Title(s) of Bill HR 59
SAVE Act
SAVE Act
Save America’s Valuable Energy Act
To prohibit the sale of petroleum products from the Strategic Petroleum Reserve to certain entities, and for other purposes.
Comments
Sponsors and Cosponsors of HR 59
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