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117-hr-8554117th Congress

SAVE Act

Sponsored By: Representative Bice, Stephanie I. [R-OK-5]

Unknown

Summary

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Bice, Stephanie I. [R-OK-5]

OK • R

Cosponsors

  • Rep. Waltz, Michael [R-FL-6]

    FL • R

    Sponsored 7/28/2022

  • Sen. Budd, Ted [R-NC]

    NC • R

    Sponsored 7/29/2022

  • Rep. Rutherford, John H. [R-FL-5]

    FL • R

    Sponsored 8/26/2022

  • Rep. Valadao, David G. [R-CA-22]

    CA • R

    Sponsored 8/26/2022

Roll Call Votes

No roll call votes available for this bill.

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