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Congress·In Committee·about 2 months ago

Ban on Taxpayer Funding for Venezuelan Oil Projects

Also known as: No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act

Legislative Progress

✓ Filed
Review
Senate
House
President

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.

Milestones

2 milestones2 actions
Jan 15, 2026Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Jan 15, 2026

Introduced in Senate

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.

Sponsor

Cosponsors

(6)
D: 6

Analysis generated by AI. While we strive for accuracy, this should not be considered legal or professional advice. Always verify information with official government sources.