Amid the Biden administration’s plans to sell historic amounts of the Strategic Petroleum Reserve, Representative Rob Wittman (R-VA-01) has introduced the “No Oil for CCP Act.” The bill specifically bans exporting SPR oil to China, North Korea, Iran, or recipients under the influence of the Chinese Communist Party.
“Following reports that the Department of Energy sold nearly 1 million barrels of Strategic Petroleum Oil to a Chinese owned petrochemical company, I sounded the alarm on the implications this would have on our economy and national security. By prohibiting the sale of petroleum products to China, Chinese controlled companies, Iran, or North Korea, the No Oil for CCP Act would provide much needed oversight and increased security. Any transfer of the United States’ SPR’s oil to China – or other foreign adversaries – must stop. I look forward to advocating for this legislation and holding this Administration accountable,” Wittman said in a Wednesday press release.
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