REPORT: Ted Cruz bill would deliver blow to Chinese economy

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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by Fox News:

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 House passed a similar bill on January 12.

The report explains that Cruz’s bill would prohibit the sale of American crude oil from the Strategic Petroleum Reserve to any company under controlled by the CCP, and would prohibit crude oil from the SPR from being exported to China.

Cruz released the following statement:

“The Strategic Petroleum Reserve was intended to ensure that America had sufficient oil. Instead, Joe Biden sold oil 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.

“We need to immediately act to stop this from happening in the future… and unleash American energy.”

Co-sponsors of Cruz’s Senate bill are: Sens. Roger Marshall, R-Kan.; Kevin Cramer, R-N.D.; Dan Sullivan, R-Alaska; Joni Ernst, R-Iowa; Jerry Moran, R-Kan.; John Boozman, R-Ark.; Mike Braun, R-Ind.; Rick Scott, R-Fla.; Cindy Hyde-Smith, R-Miss.; Tom Cotton, R-Ark.; Roger Wicker, R-Miss.; Tim Scott, R-S.C.; Josh Hawley, R-Mo.; John Cornyn, R-Texas; and Deb Fischer, R-Neb.

To get more information about this article, please visit Fox News.

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  1. So we can’t use our own oil but it’s been okay to ship it. And we’re purchasing other counties oil since we don’t use our own because Braindead Biden stopped it.

    Yeah, makes a whoooole lotta sense

  2. Stop all sales and as far as I’m concerned shut down Walmart, that will collapse China slowly anyway ! I can’t stand that store because of what it stands for, CHINA .

  3. The reserve should be sold to NO ONE except us US citizens. It’s in reserve for a reason! I say don’t let China buy anything on American soil & take back every damned thing they do own here! Who in their right mind would even trust them???

  4. Should have NEVER shut down the keystone pipeline! And the. Put this into place. We’d be in a better position.


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