HR59-118

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 The Energy Policy and Conservation Act is amended by inserting after section 169 (42 U.S.C. 6247b) the following: 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— 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 Russia. 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. The table of contents for the Energy Policy and Conservation Act is amended by inserting after the item relating to section 169 the following: 170.Prohibition on sales to certain entitiesThe 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.. Sec. 170. Prohibition on sales to certain entities..

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— 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 Russia.