Protecting Taxpayers from Risky Investments in Venezuela Act

This bill would bar the federal government from using federal funds to finance, insure, guarantee, contract for, or otherwise support Venezuela's oil infrastructure or petroleum sector. The ban covers building or repairing oil and gas facilities, buying property, insurance, loan guarantees, tax incentives, royalty relief, payments to people or companies, and advocacy by federal employees, including at international bodies. The ban would not apply to spending that Congress explicitly approves by law after this bill is enacted. The Secretary of State would have to report each year to six congressional committees on any related spending or activities and certify compliance.

Full text and official record on Congress.gov

Sponsors

• Jeff Merkley Democrat sponsor
• 6 cosponsors