Restrictions..

 

Republican Senator Ted Cruz of Texas introduced a bill to "restore American energy independence" amid the Russian invasion of Ukraine that is hitting the energy sector hard.

Cruz announced on Friday his new bill, the Energy Freedom Act, in a press release in which he blasted President Biden for having led America to lose our "status as a net petroleum exporter" with his energy sector executive orders.

"These policies have poured billions of dollars into countries such as Russia and Iran, which use those funds to attack our allies and undermine the national security of America," Cruz said in his release.

President Biden has imposed more restrictions on U.S. oil companies than he has on Russian oil," the senator continued. "With Iran, he has looked the other way as the regime busted through sanctions and raised their exports to more than one million barrels per day for the first time in almost three years."