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It's just silly performative legislation. It sounds like House Republicans are trying to spin low gas prices as a bad thing they can blame Biden for, and in their contortions they've collectively shoved their head up their own ass.
Which Econ major flunk out wrote this bill? China doesn’t get a discount on the oil, they pay market price. Joe turned a profit on the sale. >

The mistake you are making is assuming the purpose of the bill is to benefit the US.