Bill Proposes Selling Northeast Gas Reserve, Banning Chinese Purchase of US Oil
• U.S. could sell off its 1-million-barrel Northeast Gasoline Supply Reserve in fiscal year 2024 • Reserve was established in 2014 following 2012 Superstorm Sandy • Holds gasoline in New York Harbor area, Boston area, and Maine • Bill also aims to prohibit Chinese entities from buying crude oil from U.S. Strategic Petroleum Reserve • House yet to vote on bill, but anti-Chinese sentiments popular among both parties