Introduced
Committee
Markup
Reported
Floor
Passed
Enacted
S.1274 119th Congress

Protecting American Households From Rising Energy Costs Act of 2025

Status
In Committee
Latest Action
2025-04-03
Sponsor
Merkley, Jeff (D-Oregon)
Official Source
Investability
29/100
Stage
COMMITTEE
Related Bills
0
Full Text
5,251 chars
Alive
Yes
Summary
Plain-English summary not yet available for this bill. Check back after our next analysis run.
2025-04-03
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2025-04-03
Introduced in Senate
119 S1274 IS: Protecting American Households From Rising Energy Costs Act of 2025 U.S. Senate 2025-04-03 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. II 119th CONGRESS 1st Session S. 1274 IN THE SENATE OF THE UNITED STATES April 3, 2025 Mr. Merkley (for himself, Mr. Reed , and Mr. King ) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To prohibit the export of liquefied natural gas and petroleum products to certain countries. 1. Short title This Act may be cited as the Protecting American Households From Rising Energy Costs Act of 2025 . 2. Definitions In this Act: (1) Petroleum product The term petroleum product has the meaning given the term in section 3 of the Energy Policy and Conservation Act ( 42 U.S.C. 6202 ). (2) Secretary The term Secretary means the Secretary of Energy. 3. Prohibition on exports of liquefied natural gas and petroleum products to certain countries (a) Prohibitions (1) In general Notwithstanding any other provision of law, unless a waiver has been issued under subsection (b), no person or entity may export or resell, either directly or indirectly through 1 or more third parties, liquefied natural gas or petroleum products— (A) to any entity operating in the territory of, or territory owned by, the People’s Republic of China (or the Chinese Communist Party), the Russian Federation, the Democratic People’s Republic of Korea, or the Islamic Republic of Iran; or (B) to any entity that is under the ownership or control, as determined by the Secretary in consultation with the Secretary of the Treasury and the Secretary of Commerce, of the People’s Republic of China (or the Chinese Communist Party), the Russian Federation, the Democratic People’s Republic of Korea, or the Islamic Republic of Iran. (2) Responsibility It is the responsibility of the export authorization holder to ensure compliance with this Act and any other applicable law or policy, including rules, regulations, orders, and other determinations made by— (A) the Office of Foreign Assets Control of the Department of the Treasury; and (B) the Federal Energy Regulatory Commission. (b) Waiver (1) In general On application by an exporter, the Secretary may waive, prior to the date of the applicable contract, the prohibitions described in subsection (a) with respect to the sale of liquefied natural gas or petroleum products. (2) Requirement The Secretary may issue a waiver under this subsection only if the Secretary determines that an imminent and acute national security emergency to the United States exists and that other means of responding to the emergency would be inadequate. (3) Applications An exporter seeking a waiver under this subsection shall submit to the Secretary an application by such date, in such form, and containing such information as the Secretary may require. (4) Notice to Congress Not later than 15 days after issuing a waiver under this subsection, the Secretary shall provide a copy of the waiver to the Committee on Energy and Natural Resources of the Senate and the Committee on Energy and Commerce of the House of Representatives. (c) Rulemaking The Secretary may promulgate, amend, and rescind rules and regulations, as the Secretary determines to be appropriate, to carry out this Act. 4. Enforcement provisions (a) Unlawful acts It shall be unlawful for a person to violate, attempt to violate, conspire to violate, or cause a violation of any prohibition of, or any waiver, license, order, or regulation issued pursuant to this Act. (b) Civil penalty (1) In general The Secretary may impose a civil penalty on any person who commits an unlawful act described in subsection (a) in an amount not to exceed the greater of— (A) $250,000,000; and (B) an amount that is twice the amount of the transaction that is the basis of the violation with respect to which the penalty is imposed. (2) Notice and opportunity for hearing A civil penalty under paragraph (1) may be imposed by the Secretary by an order made on the record after providing written notice to the person to be assessed the civil penalty and an opportunity for a hearing in accordance with this section and sections 554 through 557 of title 5, United States Code. (3) Civil action If a person described in paragraph (1) fails to pay a civil penalty imposed by the Secretary under this subsection after receiving notice and an opportunity for a hearing under paragraph (2), the Secretary may bring a civil action against that person in an appropriate district court of the United States. (4) Relief If a civil action brought by the Secretary under paragraph (3) is successful, the applicable court may grant appropriate relief, including— (A) a temporary injunction; (B) a permanent injunction; and (C) enforcing the civil penalties described in paragraph (1). (c) Criminal penalty A person who knowingly commits, knowingly attempts to commit, or knowingly conspires to commit, or aids or abets in the commission of, an unlawful act described in subsection (a) shall be fined not more than $100,000,000, imprisoned for not more than 20 years, or both.
🔒 GovGreed Pro · Trading Intelligence on S.1274 Get Access — $24.50/mo
Loading intelligence layer…
Bill text sourced from GovInfo.gov · public domain · last updated recently.
Plain-English summary, score breakdown, and trading-intelligence panels are GovGreed-original analysis derived from STOCK Act filings, SEC Form 4 disclosures, FEC contributions, and Senate LDA lobbying reports — all publicly filed federal records.
GovGreed is not affiliated with the U.S. Government. Not financial advice.