No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act

This bill would bar the federal government from using U.S. Treasury funds, or any account the United States owns, controls, or can access, to reimburse people or companies for capital expenditures in Venezuela's oil and gas sector. Capital expenditures are defined as money paid for new buildings or permanent improvements that increase the value of property. The ban covers U.S. citizens, permanent residents, and any foreign or domestic corporation, partnership, or other organization. It also applies to accounts accessible by someone acting on behalf of the United States.

Full text and official record on Congress.gov

Sponsors

• Michael F. Bennet Democrat sponsor
• 6 cosponsors