ABSTRACT

Defense Production Act Authorities and U.S. Domestic Energy Supplies [Updated March 11, 2022]   [open pdf - 784KB]

From the Document: "On March 8, 2022, as part of a broader response to Russia's invasion of Ukraine, President Joseph R. Biden, Jr. issued an order [hyperlink] prohibiting the U.S. import of and investment in oil, liquefied natural gas (LNG), and coal supplies from the Russian Federation. Some Members of Congress have also introduced legislation that would prohibit the U.S. import of mineral fuels and byproducts from Russia (see for example H.R. 6968, as passed by the House). While U.S. imports of Russian petroleum [hyperlink] are relatively small and refiners have access to many substitutes, there is broader concern that a material reduction of Russia's total petroleum supply [hyperlink] could put upward pressure on oil and gasoline prices. In response, some Members of Congress [hyperlink] have called on the President to exercise authorities under the Defense Production Act of 1950 (DPA; 50 U.S.C. §4501 et seq. [hyperlink]) to expand [hyperlink] domestic energy production. Media reports also indicated that Administration officials have considered using DPA authorities to increase U.S. production of energy-efficient heat pumps and other equipment [hyperlink] for U.S. allies in Europe."

Report Number:
CRS Insight, IN11884
Author:
Publisher:
Date:
2022-03-11
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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