Protecting Taxpayers from Risky Investments in Venezuela Act
Congress moves to bar federal funds from supporting Venezuela oil projects, requiring State Department reports
Stalled
No legislative action in over 90 days.
Legislative Progress
Key Points
- Would block U.S. government money from being used to support Venezuela’s oil and petroleum projects.
- Covers many kinds of support, like loans, insurance, guarantees, contracts, tax breaks, or payments to companies tied to oil work there.
- Also bans U.S. officials from promoting or backing Venezuela oil projects in places like international banks and global forums.
- Allows an exception only if a later law passed by Congress clearly approves a specific spending action.
- Requires the State Department to report within 180 days after the law starts, and then every year, on any related activity and compliance.
Impact Analysis
Personal Impact
How this policy affects specific groups of people
Milestones
Referred to the House Committee on Foreign Affairs.
Introduced in House
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.
Related News
3 articles
Dems introduce bill barring funding for Venezuela oil
Rep. Mike Levin and Sen. Jeff Merkley introduce the Protecting Taxpayers from Risky Investments in Venezuela Act to bar U.S. taxpayer dollars from rebuilding Venezuela’s oil infrastructure without congressional approval.
Trump’s Policies to Subsidize Oil and Gas Overseas Raises Costs at Home
LCV statement responding to the introduction of the Protecting Taxpayers from Risky Investments in Venezuela Act, urging Congress to block taxpayer support for Venezuela oil infrastructure.
This Week in Climate Action — January 16, 2026
LCV roundup notes the bicameral introduction of the Protecting Taxpayers from Risky Investments in Venezuela Act aimed at preventing U.S. taxpayers from funding fossil fuel infrastructure in Venezuela.
Source Information
Document Type
Congressional Bill
Official Title
Protecting Taxpayers from Risky Investments in Venezuela Act
Data Sources
Sponsor
Cosponsors
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