SAVE Act

HR 59, the SAVE Act, prohibits the sale of petroleum products drawn from the U.S. Strategic Petroleum Reserve (SPR) to entities headquartered in specific countries listed in federal regulations or to any entity based in Russia. This policy change directly affects energy companies and organizations operating in those designated countries or Russia, restricting their access to the government's emergency oil stockpile. The bill amends the Energy Policy and Conservation Act by adding a new section (170) that mandates this sales prohibition, with minor updates to existing law to reflect the change. The key mechanism is a direct ban on SPR petroleum sales to the specified entities, effective upon the bill's enactment.