New Bill Would Bar Export of Reserve Oil to China, Other 'Adversaries'
Sens. Joni Ernst, R-Iowa, and John Fetterman, D-Pa., introduced a bill March 21 that would prohibit the sale of oil from the U.S. Strategic Petroleum Reserve to “foreign adversaries,” including China, Cuba, Iran, Russia, Syria and Venezuela. The proposed “Banning…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
Oil Exports to Foreign Adversaries Act” seeks to prevent “anti-democratic regimes” from winning public auctions that the Energy Department holds to sell excess oil from the reserve, Ernst’s office said.