Today, we have an opportunity in this Congress to close a loophole that has been open since 2015, a loophole that enables our adversaries to purchase oil from our U.S. Strategic Petroleum Reserves. There is a bill indeed to close that harmful loophole: a bill that will strengthen our national security; a bill that will signal to our fiercest adversaries that we will not bend a knee to those who threaten the safety of our allies and our servicemembers both here and abroad. I am not talking about the bill that my colleagues on the other side of the aisle have put forward today, but rather I am talking about a bipartisan bill--my bipartisan bill--the Banning Oil Exports to Foreign Adversaries Act. We hear this phrase frequently in this Chamber, ``It is that simple.'' So let's make this argument really simple, very, very simple. Our new majority has put forward a partisan bill that bans the sale of American oil from the Strategic Petroleum Reserve only to China. I have put forward a bipartisan bill with Representative Don Bacon, and now with 44 others, that would ban the sale not only to China, but also to North Korea, Russia, Iran, and to all other adversaries. It is modeled directly after similar and relevant legislation that I also introduced successfully in the NDAA regarding our critical minerals and rare earth element stockpiles. This bill, my bill, is stronger, it is bipartisan, and it has a chance in the Senate.…
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