A senate committee must act next: committee consideration.
Legislative Progress
Senate
House
President
Law
Unlikely to pass
While it targets a foreign adversary, the bill currently lacks Republican support and faces a long path through the committee process.
Key Points
This bill would stop the U.S. government from using taxpayer money to help Venezuela's oil and gas industry. It covers everything from building new pipelines to repairing existing oil wells and gas facilities.
Federal agencies would be banned from giving out loans, insurance, or tax breaks to any person or company working on Venezuelan oil projects. It also stops government employees from promoting these projects at international meetings or diplomatic events.
The plan aims to keep U.S. money out of risky foreign energy investments. It ensures that federal resources are not used to support the petroleum sector of a country that often has a difficult relationship with the United States.
If this becomes law, the Secretary of State would have to report to Congress every year. This report would list any activities related to Venezuela's oil sector and confirm that no federal funds were used to support them.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
2 milestones2 actions
Jan 13, 2026Senate
Read twice and referred to the Committee on Foreign Relations.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Jan 13, 2026
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
