Banning Oil Exports to Foreign Adversaries Act

This bill prohibits the export or sale of petroleum products drawn from the U.S. Strategic Petroleum Reserve to specific countries and entities, including China, Russia, North Korea, Iran, and any nation under U.S. sanctions. It also bans exports to entities owned or controlled by these countries or the Chinese Communist Party. The Secretary of Energy must enforce this ban, though they may issue a national security waiver for specific exports. The bill requires the Secretary to issue implementing rules within 60 days of enactment. It directly affects the Secretary of Energy, oil exporters seeking to use the Strategic Petroleum Reserve, and the listed countries/entities.