Sen. Ted Cruz, R-Texas., introduced a bill Wednesday that would stop the Biden administration from selling oil from the U.S. Strategic Petroleum Reserve (SPR) to China and Chinese Communist Party (CCP)-owned companies.
Cruz's bill, the Protecting America’s Strategic Petroleum Reserve from China Act, was cosponsored by over a dozen Senate Republicans and closely mirrors the bill passed by the House this month. The House bill passed in an overwhelming bipartisan vote of 331-97, with 113 House Democrats voting in favor.
The easy House vote means the bill has a chance in the Senate if Democratic leaders agree to take it up."The Strategic Petroleum Reserve was intended to ensure that America had sufficient oil reserves in the event of an emergency," Cruz said in a statement.
"Instead, Joe Biden sold a portion of this critical national security asset to the Chinese Communist Party when the CCP was stockpiling oil for its own strategic use, and while Americans are paying higher and higher prices for fuel because of the Biden administration’s disastrous energy policies," Cruz said.
"We need to immediately act to stop this from happening in the future and unleash American energy," he said.
