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To prohibit the importation of oil and gas products from Russia, Iran, or Venezuela, and for other purposes.

12/29/2022, 9:48 PM

Summary of Bill HR 6942

Bill 117 hr 6942, also known as the "Oil and Gas Import Prohibition Act," aims to prevent the importation of oil and gas products from three specific countries: Russia, Iran, and Venezuela. The bill also includes provisions for other purposes related to this goal.

The primary objective of this legislation is to reduce the United States' dependence on oil and gas products from these countries, which are considered to be hostile or adversarial to American interests. By prohibiting the importation of these products, the bill seeks to promote energy security and national security by limiting the influence and revenue of these countries.

In addition to the import prohibition, the bill likely includes measures to incentivize domestic production and exploration of oil and gas resources. This could include tax incentives, grants, or other forms of support for American energy companies. Overall, Bill 117 hr 6942 represents a significant step towards reducing the United States' reliance on oil and gas products from Russia, Iran, and Venezuela. It is likely to face opposition from some lawmakers and industry groups, but its passage could have far-reaching implications for American energy policy and national security.

Current Status of Bill HR 6942

Bill HR 6942 is currently in the status of Bill Introduced since March 7, 2022. Bill HR 6942 was introduced during Congress 117 and was introduced to the House on March 7, 2022.  Bill HR 6942's most recent activity was Referred to the House Committee on Ways and Means. as of March 7, 2022

Bipartisan Support of Bill HR 6942

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 6942

Primary Policy Focus

Foreign Trade and International Finance

Alternate Title(s) of Bill HR 6942

To prohibit the importation of oil and gas products from Russia, Iran, or Venezuela, and for other purposes.
To prohibit the importation of oil and gas products from Russia, Iran, or Venezuela, and for other purposes.

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