Senate NDAA Amendment Seeks to Restrict Petroleum Sales to China, Others
The Senate last week approved an amendment to its version of the FY 2024 National Defense Authorization Act that would restrict certain U.S. petroleum exports from being shipped to certain foreign “adversaries.” The amendment, which was approved 85-12, would specifically prohibit U.S. Strategic Petroleum Reserve sales to any entity “under the ownership or control” of the Chinese, Russian, North Korean or Iranian governments, with certain exceptions for national security reasons.
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Sen. Ted Cruz, R-Texas, who helped write the bill, said China “has been amassing the largest stockpile of crude in the world” and the U.S. “should not be selling our emergency oil reserves to our adversaries.” Senate Republicans introduced similar legislation as a stand-alone bill last year (see 2207140007).