Banning SPR Oil Exports to Foreign Adversaries Act

This bill prohibits the U.S. government from exporting petroleum drawn from the Strategic Petroleum Reserve (SPR) to specific countries and entities: China, North Korea, Russia, Iran, and any group controlled by those nations or the Chinese Communist Party. It amends the Energy Policy and Conservation Act to add this export restriction, requiring the Secretary of Energy to enforce the ban. The Secretary may grant a waiver for exports deemed necessary for U.S. national security, but must issue a formal rule within 60 days of the bill’s enactment. The law directly affects SPR oil sales to the listed countries and entities, altering how the U.S. manages its emergency oil reserves.