House lawmakers and US senators have introduced legislation aimed at tightening restrictions on economic interactions with certain foreign nations. A bill has been offered to end tax breaks for stocks in China, Russia, Belarus, Iran, and North Korea. Concurrently, two U.S. senators have proposed legislation to strengthen the ban on selling crude oil from the Strategic Petroleum Reserve (SPR) to China. This move is part of a broader effort to limit financial and resource-based transactions with countries deemed as foreign adversaries.
SENATORS OFFER A BILL TO BAN OIL SALES TO FOREIGN ADVERSARIES
🔴 SENATORS OFFER A BILL TO BAN OIL SALES TO FOREIGN ADVERSARIES.
US senators seek to harden ban on selling reserve oil to #China #oott #SPR https://t.co/Jz6grxiAXw
⚠️ US SENATORS SEEK TO HARDEN BAN ON SELLING RESERVE OIL TO CHINA Full Story → https://t.co/idzlLvPe0E Two U.S. senators introduced legislation on Thursday to harden the ban on selling crude oil from the Strategic Petroleum Reserve (SPR) to China.
House Lawmakers Offer Bill to End Tax Break for China, Russia, Belarus, Iran, and North Korea stocks