Ending Russian Oil Act (H.R. 6968)

Summary

Stops the United States from buying oil, gas, and coal from Russia to put pressure on their government because of the war in Ukraine.

What problem does this solve?

Russia's invasion of Ukraine created a need for international pressure to stop the conflict. This law hurts Russia's economy by stopping the U.S. from buying its main export, energy products.

What does this law do?

Bans Russian energy imports

Prohibits all energy products from the Russian Federation, as listed in chapter 27 of the Harmonized Tariff Schedule, from being brought into the United States.

Allows the President to end the ban

Gives the President the power to stop the import ban by sending a formal notice, called a certification, to Congress.

Sets conditions for ending the ban

Requires the President to confirm that Russia has withdrawn from Ukraine, is not a threat to NATO, and respects Ukraine's right to choose its own government before the ban can be lifted.

Gives Congress power to block the President

Creates a special, expedited process for Congress to vote on a 'joint resolution of disapproval' to prevent the President from ending the import ban.

Who does this affect?

Russian energy companies
U.S. energy importers
American consumers

What is the real world impact?

•

Supports Ukraine against Russian aggression

Cuts off a major source of money for the Russian government, making it harder for them to pay for their military actions in Ukraine.

•

Strengthens U.S. foreign policy

Sends a clear message that the United States will use its economic power to punish countries that invade their neighbors and threaten international stability.

•

Could increase U.S. energy prices

Banning a major source of oil and gas could make these products more expensive for American consumers, as it reduces the total global supply.

When does this start?

This law took effect on April 8, 2022, and includes specific timelines for how the President and Congress can end the ban in the future.

Presidential consultation

The President must talk with key House and Senate committees at least 45 days before officially trying to end the ban.

Termination waiting period

If the President certifies that conditions are met to end the ban, it will officially stop 90 days later, unless Congress objects.

Congressional disapproval window

Members of the House and Senate have 5 legislative days after the President's certification to introduce a resolution to block the termination of the ban.