H.R. 1190 aims to restrict the sale of U.S. sourced oil to U.S. refiners and consumers.
Under this bill, the Secretary of the Interior can only lease Federal land for oil extraction from companies that agree to limit oil sales to the U.S. This restriction to the nation's borders would also include any product made from the oil — not just gasoline, but other things like waxes and lubricants.
The President would still have the power to waive this requirement if having these restrictions in place:
lead to an increased dependence on foreign oil from countries that are unstable or politically hostile;
would raise costs for U.S. oil refiners and U.S. consumers;
violate international agreements or the Constitution.
The bill comes with a ten-year sunset. Two years before its expiration, the Secretary of the Interior and the Comptroller General must issue a report to Congress on H.R. 1190’s impact.