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Protecting America’s Strategic Petroleum Reserve from China Act
12/15/2023, 3:53 PM
Summary of Bill HR 22
Bill 118 hr 22, also known as the Protecting America’s Strategic Petroleum Reserve from China Act, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to prevent China from gaining control of America’s Strategic Petroleum Reserve (SPR).
The Strategic Petroleum Reserve is a stockpile of emergency crude oil that the US government maintains in case of a national energy crisis. It is meant to ensure that the country has a stable supply of oil in the event of disruptions in the global oil market.
The Protecting America’s Strategic Petroleum Reserve from China Act aims to prohibit the sale or transfer of any SPR oil to China. This is in response to concerns that China could use control of the SPR to manipulate global oil prices or disrupt US energy security. The bill also includes provisions to increase transparency and oversight of the SPR, as well as measures to strengthen US energy independence and security. It has received bipartisan support in Congress, with lawmakers from both parties recognizing the importance of protecting America’s energy resources from foreign influence. Overall, the Protecting America’s Strategic Petroleum Reserve from China Act is a significant piece of legislation that seeks to safeguard the country’s energy security and prevent potential threats from foreign adversaries.
The Strategic Petroleum Reserve is a stockpile of emergency crude oil that the US government maintains in case of a national energy crisis. It is meant to ensure that the country has a stable supply of oil in the event of disruptions in the global oil market.
The Protecting America’s Strategic Petroleum Reserve from China Act aims to prohibit the sale or transfer of any SPR oil to China. This is in response to concerns that China could use control of the SPR to manipulate global oil prices or disrupt US energy security. The bill also includes provisions to increase transparency and oversight of the SPR, as well as measures to strengthen US energy independence and security. It has received bipartisan support in Congress, with lawmakers from both parties recognizing the importance of protecting America’s energy resources from foreign influence. Overall, the Protecting America’s Strategic Petroleum Reserve from China Act is a significant piece of legislation that seeks to safeguard the country’s energy security and prevent potential threats from foreign adversaries.
Current Status of Bill HR 22
Bill HR 22 is currently in the status of Bill Introduced since January 9, 2023. Bill HR 22 was introduced during Congress 118 and was introduced to the House on January 9, 2023. Bill HR 22's most recent activity was Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 4. as of January 25, 2023
Bipartisan Support of Bill HR 22
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 22
Primary Policy Focus
EnergyPotential Impact Areas
- Asia
- China
- Energy storage, supplies, demand
- Oil and gas
- Strategic materials and reserves
- Trade restrictions
Comments
Sponsors and Cosponsors of HR 22
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