SAVE Act

Save America’s Valuable Energy Act or the SAVE Act

This bill directs the Department of Energy (DOE) to prohibit the sale of petroleum products (e.g., crude oil) from the Strategic Petroleum Reserve (SPR) to certain entities. Specifically, DOE must prohibit the sale of petroleum products from the SPR to entities headquartered in Russia. Further, DOE must prohibit the sale of petroleum products from the SPR to entities headquartered in countries (Belarus, Burma, China, Cuba, Iran, North Korea, Syria, and Venezuela) that are subject to certain prohibitions concerning exports of defense articles and services under the Department of State's International Traffic in Arms Regulations.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8554 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 8554

To prohibit the sale of petroleum products from the Strategic Petroleum 
          Reserve to certain entities, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 28, 2022

   Mrs. Bice of Oklahoma (for herself and Mr. Waltz) introduced the 
   following bill; which was referred to the Committee on Energy and 
                                Commerce

_______________________________________________________________________

                                 A BILL


 
To prohibit the sale of petroleum products from the Strategic Petroleum 
          Reserve to certain entities, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Save America's Valuable Energy Act'' 
or the ``SAVE Act''.

SEC. 2. PROHIBITION AGAINST SELLING SPR PETROLEUM PRODUCTS TO CERTAIN 
              ENTITIES.

    (a) Prohibition.--The Energy Policy and Conservation Act is amended 
by inserting after section 169 (42 U.S.C. 6247b) the following:

``SEC. 170. PROHIBITION ON SALES TO CERTAIN ENTITIES.

    ``The Secretary shall prohibit the sale of petroleum products drawn 
down from the Strategic Petroleum Reserve, under any provision of law, 
to any entity headquartered in--
            ``(1) a country listed in table 1 to paragraph (d)(1) under 
        section 126.1 of title 22, Code of Federal Regulations, as in 
        effect on the date of enactment of this section; or
            ``(2) Russia.''.
    (b) Conforming Amendments.--
            (1) Drawdown and sale of petroleum products.--Section 
        161(a) of the Energy Policy and Conservation Act (42 U.S.C. 
        6241(a)) is amended by inserting ``and section 170'' before the 
        period at the end.
            (2) Table of contents.--The table of contents for the 
        Energy Policy and Conservation Act is amended by inserting 
        after the item relating to section 169 the following:

``Sec. 170. Prohibition on sales to certain entities.''.
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