H.R. 8547 · 117th Congress

No Oil for CCP Act

Stage
In committee
Introduced
2022-07-27
Latest action
2022-07-27 · Introduced in House

Summary

No Oil for CCP Act

This bill bans exports of crude oil from the Strategic Petroleum Reserve (SPR) to China, North Korea, Iran, and other specified recipients. Specifically, the bill directs the Department of Energy to require as a condition of any sale of crude oil from the SPR that (1) the oil not be exported to such countries; and (2) the recipient of the oil is not under the ownership, control, or influence of the Chinese Communist Party.