House Democrats blocked a motion Wednesday that would have prevented Biden from selling oil drawn from the United States Strategic Petroleum Reserve to entities controlled by the Chinese Communist Party.
House Democrats blocked a motion Wednesday that would have prevented President Joe Biden from selling oil drawn from the United States Strategic Petroleum Reserve to entities controlled by the Chinese Communist Party.to recommit H.R. 8294, the Transportation, Housing and Urban Development, and Related Agencies Appropriations Act. A motion to recommit is a procedural motion that allows a member of the House minority to change a bill before it goes to the House floor for a final vote.
The proposed motion would have prevented U.S. oil from being sold to entities “under the ownership, control, or influence of the Chinese Communist Party” or entities that would get the oil and then turn around and export it to China. Valadao’s motion comes just weeks after reports revealed that Biden sold nearly one million barrels of oil from the Strategic Petroleum Reserve to a CCP-owned gas company with financial ties to Hunter Biden.In April, Biden’s Department of Energy announced the nearly one million barrel sale to Unipec, which is the trading arm of Sinopec. Sinopec is wholly owned and operated by the Chinese Communist Party.
Unipec reportedly purchases oil across the globe and then apparently sells it through its Sinopec Marketing subsidiary.Biden’s son, Hunter Biden, reportedly has financial ties to the CCP-owned Sinopec. A private equity firm Hunter Biden cofounded reportedly purchased a nearly $2 billion stake in Sinopec Marketing in 2015.
“These reserves are meant to be used in emergencies only. They are not meant to be used when our leadership has failed us by unnecessarily restricting domestic energy production,” Valadao🚨 I just requested a vote on legislation that would stop the Biden administration from sending our Strategic Petroleum Reserves to China.
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