May 7, 2026
Mr. Sherman introduced the following bill; which was referred to the Committee on Foreign Affairs
To provide for the prohibition on exports of crude oil, gasoline, and diesel fuel during period of military operations against Iran.
Section 1. Short title
This Act may be cited as the Stop Oil Exports to Lower Gas Prices Act
.
Sec. 2. Prohibition on exports of crude oil, gasoline, and diesel fuel during period of military operations against Iran
Section 101 of division O of the Consolidated Appropriations Act, 2016 (42 U.S.C. 6212a) is amended—
(1)
in subsection (b), by striking subsections (c) and (d)
and inserting subsections (c), (d), and (f)
; and
(2)
by adding at the end the following:
(f) Additional exception
(1) In general
Notwithstanding any other provision of law (including the other provisions of this section), except as provided in paragraph (2), the export of crude oil, gasoline, and diesel fuel shall be prohibited during the period beginning on the date of the enactment of this subsection and ending on the date on which the President—
(A)
declares that military operations against Iran which began in March 2026 have ceased; and
(B)
determines and certifies to Congress that the Strait of Hormuz is fully open and global shipping through the Strait has resumed; and
(2) Waiver
In the case of a proposed export of crude oil, the President may waive the prohibition in paragraph (1) if the President determines that crude oil cannot be efficiently refined in the United States. If the President issues a waiver under this paragraph, the President shall issue a license for the export of crude oil from the United States pursuant to such waiver and further require that such crude oil is to be refined abroad and imported back into the United States.