Referred to the House Committee on Energy and Commerce.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Jul 28, 2022
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.
Source last updated: Jan 3, 2025. Consult Congress.gov for the current record.
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