WASHINGTON, D.C. — Senators John Hoeven (R-N.D.) and Kevin Cramer (R-N.D.) today joined Senator Marco Rubio (R-Fla.) in introducing the Preempting Misguided Appeasement and Financing of Destabilizing Regimes Act to prohibit the U.S. from importing Iranian and Venezuelan crude oil, petroleum, petroleum products and liquified natural gas.
“The Biden administration’s willingness to do business with Iran and Venezuela is troubling, and just as we are banning imports of Russian oil, we should not bring oil online from these two adversaries,” said Hoeven. “Iran is the world’s foremost sponsor of terrorism, and Venezuela is still under the rule of an illegitimate and violent regime. As such, the U.S. needs to maintain pressure on these two nations, not ease sanctions on their primary source of revenue, especially when we can and should produce that energy here at home.”
In addition to Hoeven, Cramer, and Rubio, today’s legislation is cosponsored by Senators Dan Sullivan (R-Alaska), Steve Daines (R-Mont.), Roger Marshall (R-Kans.) and Thom Tillis (R-N.C.). Click here for the full text of the legislation.
