Sponsors (7)
The bill reduces U.S. taxpayer exposure and tightens economic pressure on Venezuela's oil sector, but it raises costs and legal barriers for U.S. companies, investors, and some Americans involved in Venezuela-related energy projects.
All U.S. taxpayers: the bill stops U.S. government reimbursements and other support for oil and gas capital projects in Venezuela, reducing federal exposure to financing projects that could benefit the Venezuelan oil sector and reinforcing economic pressure tied to U.S. foreign policy.
U.S. companies, investors, contractors, and energy-sector workers: loss of access to U.S. government reimbursements and support increases project costs and financial risk for Venezuela-related oil and gas activities and may discourage projects that could have generated U.S. jobs and contracting revenue.
U.S. citizens and lawful permanent residents engaged in Venezuela-related investment activities: the bill's broad definition of 'person' may limit their ability to receive U.S.-linked financial support for such investments, potentially restricting legal financial options for Americans.
Based on analysis of 2 sections of legislative text.
Prohibits U.S. government funds from being used to reimburse capital expenditures for oil and gas projects located in Venezuela or its legal successor.
Introduced January 15, 2026 by Michael F. Bennet · Last progress January 15, 2026
Prohibits U.S. government funds from being used to reimburse capital expenditures for oil and gas projects located in Venezuela or its legal successor. The ban applies broadly to Treasury funds, U.S.-owned or -controlled accounts, and monies paid by any person acting on behalf of the United States, and it covers reimbursements to U.S. citizens, lawful permanent residents, and domestic or foreign entities. The bill also includes a short-title provision only.