SAVE Act
2/7/2025, 1:00 PMSummary of Bill HR 256
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 the 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.
Congressional Summary of HR 256
Save America’s Valuable Energy Act or the SAVE Act
This bill directs the Department of Energy to prohibit the sale of petroleum products (e.g., crude oil) from the Strategic Petroleum Reserve to entities headquartered in Russia, Belarus, Burma, China, Cuba, Iran, North Korea, Syria, or Venezuela.
Read the Full Bill
Current Status of Bill HR 256
Bill HR 256 is currently in the status of Bill Introduced since January 9, 2025. Bill HR 256 was introduced during Congress 119 and was introduced to the House on January 9, 2025. Bill HR 256's most recent activity was Referred to the House Committee on Energy and Commerce. as of January 9, 2025Bipartisan Support of Bill HR 256
Total Number of Sponsors
3Democrat Sponsors
0Republican Sponsors
3Unaffiliated Sponsors
0Total Number of Cosponsors
7Democrat Cosponsors
0Republican Cosponsors
7Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 256
Primary Policy Focus
EnergyAlternate Title(s) of Bill HR 256
To prohibit the sale of petroleum products from the Strategic Petroleum Reserve to certain entities, and for other purposes.To prohibit the sale of petroleum products from the Strategic Petroleum Reserve to certain entities, and for other purposes.Comments
Most relevant
Sponsors and Cosponsors of HR 256
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