Congress·In Committee·S 3685
No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act
Ban on Taxpayer Funding for Venezuelan Oil Projects
Legislative Progress
Senate
Key Points
- This bill would stop the U.S. government from using taxpayer money to pay back companies for their investments in Venezuela’s oil and gas industry.
- The ban specifically targets money spent on building new facilities or making permanent improvements to property to increase its value, known as capital expenditures.
- The rule applies to all U.S. citizens, permanent residents, and corporations, ensuring that no federal accounts are used to cover their business costs in the Venezuelan energy sector.
- By cutting off these reimbursements, the policy aims to ensure that U.S. tax dollars are not used to subsidize or support private business activities within Venezuela.
- This action addresses concerns about how U.S. funds might indirectly support the Venezuelan government through the energy sector.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
2 milestones2 actions
Jan 15, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Jan 15, 2026
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act
Bill NumberS 3685
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Data Sources
Sponsor
Cosponsors
(6)D: 6
Analysis generated by AI. Always verify with official sources.