Stop Oil Exports to Lower Gas Prices

Summary#

This bill would change a federal statute (42 U.S.C. 6212a) to add a new rule that stops exports of crude oil, gasoline, and diesel from the United States during a specific military period. The export ban would start on the date this change is enacted and would end only when the President both says that military operations against Iran that began in March 2026 have ended and certifies to Congress that the Strait of Hormuz is fully open and global shipping there has resumed. The bill also lets the President grant a waiver for crude oil exports if the President determines that the crude cannot be efficiently refined in the United States. If the President grants that waiver, the President must issue a license for export and require that the exported crude be refined abroad and then imported back into the United States. The bill was introduced in the House on May 7, 2026, and referred to the Committee on Foreign Affairs.

What it means for you#

If this bill becomes law, U.S. companies that export crude oil, gasoline, or diesel would not be allowed to export those fuels during the covered military period, except when the President issues a specific waiver for crude oil. The President must declare both the end of the military operations and that the Strait of Hormuz is fully open before the ban ends. The bill text does not give further details about how the rules would be enforced or how long the process to end the ban might take.

Expenses#

No publicly available information on budgetary effects, implementation costs, or federal spending is included in the bill text or metadata.

Proponents' View#

The bill title and text indicate the sponsor's purpose: to stop exports of crude oil, gasoline, and diesel during the cited military operations. The waiver provision shows the sponsor allowed an exception when crude cannot be efficiently refined in the United States and requires a license and reimport after foreign refining in that case.

Opponents' View#

No publicly available information on opposition views or formal objections is included in the bill text or metadata.