H.R. 7009 · 117th Congress
Use Stocks, Stop Russia Act of 2022
- Stage
- In committee
- Sponsor
- Tracey Mann
- Introduced
- 2022-03-09
- Latest action
- 2022-03-14 · Referred to the Subcommittee on Energy and Mineral Resources.
Summary
Use Stocks, Stop Russia Act of 2022
This bill places a temporary ban on (1) the importation of petroleum products from Russia, and (2) the drawdown and sale of petroleum products from the Strategic Petroleum Reserve. In addition, it approves the TransCanada Keystone Pipeline.
Specifically, the bill requires the President to ban the importation of petroleum products from Russia until all hostile Russian troops have been withdrawn from Ukraine.
The bill also requires the President to ban the drawdown and sale of petroleum products from the Strategic Petroleum Reserve until such troops have withdrawn.
Finally, the bill approves the Keystone Pipeline in Phillips County, Montana for the import of oil from Canada to the United States.