No Oil for CCP Act
Source: Congress.gov ·
344 words in original text
What This Bill Does
This bill tells the Secretary of Energy to add requirements to how crude oil from the Strategic Petroleum Reserve (a government supply of oil kept for emergencies) gets sold. The Secretary must make sure that oil sold from this reserve cannot be exported to three specific countries and cannot go to companies controlled by the Chinese Communist Party.
Who It Affects
The Secretary of Energy, the Secretary of Commerce, the Director of National Intelligence, and companies or nations that buy crude oil from the Strategic Petroleum Reserve.
Key Provisions
• The Secretary of Energy must require that crude oil sold from the Strategic Petroleum Reserve after this bill becomes law cannot be exported to China (the People's Republic of China), North Korea (the Democratic People's Republic of Korea), or Iran (the Islamic Republic of Iran) (Sec. 2)
• The Secretary of Energy must require that whoever receives the crude oil is not owned, controlled or influenced by the Chinese Communist Party (Sec. 2)
• The Secretary of Energy must consult with the Secretary of Commerce and the Director of National Intelligence before making these sales (Sec. 2)
What Changes
Current law allows crude oil sales from the Strategic Petroleum Reserve without the restrictions this bill creates. If passed, all future sales would have to follow these new rules about where the oil can go and who can buy it.
Important Definitions
None defined in the bill text.
Effective Date
After the date this bill becomes law (the bill uses the phrase "after the date of enactment of this Act" but does not specify a particular date).
Important: This plain English summary was generated by AI and is provided for informational purposes only.
It is not legal advice. Always consult the official bill text on Congress.gov
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