Banning SPR Oil Exports to Foreign Adversaries Act

Hozzl · 2025-03-05T05:08:26Z

Explore the details of House Bill 942 Banning SPR Oil Exports to Foreign Adversaries Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

3/5/2025, 5:08 AM

Summary of Bill HR 942

Bill 119 hr 942, also known as the "Strategic Petroleum Reserve Protection Act," aims to amend the Energy Policy and Conservation Act to prevent the export or sale of petroleum products from the Strategic Petroleum Reserve (SPR) to specific entities. The Strategic Petroleum Reserve is a government-owned emergency oil stockpile designed to provide a buffer against potential disruptions in the global oil supply.

The bill seeks to prohibit the export or sale of petroleum products from the SPR to entities that are not eligible to receive such products under existing laws and regulations. This measure is intended to ensure that the SPR is used solely for its intended purpose of safeguarding the United States against energy supply disruptions and not for commercial gain or other purposes.

In addition to prohibiting the export or sale of SPR petroleum products to certain entities, the bill also includes provisions for other purposes related to the management and operation of the SPR. These provisions may include measures to enhance the security and resilience of the SPR, improve its efficiency and effectiveness, or address any other issues related to the reserve's operation. Overall, the Strategic Petroleum Reserve Protection Act aims to strengthen the integrity and effectiveness of the Strategic Petroleum Reserve by ensuring that its resources are used in a manner consistent with its intended purpose of protecting the United States against energy supply disruptions.

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Current Status of Bill HR 942

Bill HR 942 is currently in the status of Bill Introduced since February 4, 2025. Bill HR 942 was introduced during Congress 119 and was introduced to the House on February 4, 2025. Bill HR 942's most recent activity was Referred to the House Committee on Energy and Commerce. as of February 4, 2025

Bipartisan Support of Bill HR 942

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Policy Area and Potential Impact of Bill HR 942

Primary Policy Focus

Alternate Title(s) of Bill HR 942

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.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.

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