117 HR 8554 IH: Save America’s Valuable Energy Act U.S. House of Representatives 2022-07-28 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I117th CONGRESS2d SessionH. R. 8554IN THE HOUSE OF REPRESENTATIVESJuly 28, 2022Mrs. Bice of Oklahoma (for herself and Mr. Waltz) introduced the following bill; which was referred to the Committee on Energy and CommerceA BILLTo prohibit the sale of petroleum products from the Strategic Petroleum Reserve to certain entities, and for other purposes.

1.

Short title

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

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:

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..