No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act

Summary

Prohibits the use of U.S. government funds, accounts, or funds under U.S. control to pay reimbursements for capital expenditures made for oil and gas projects located in Venezuela. One short section simply sets a short title and has no substantive effect. The ban is broad: it covers Treasury funds and any accounts owned, controlled, or accessible by the United States or by a person acting for the United States, and it applies regardless of other laws. It stops reimbursements to any person for qualifying capital investments in Venezuela's oil and gas sector.

• Stops the use of U.S. government funds or accounts to reimburse capital investments in Venezuela's oil and gas sector.
• Defines covered capital expenditures as payments for new buildings or permanent improvements that raise property value.
• Applies to any 'person' including U.S. citizens, lawful permanent residents, and corporations or organizations.
• Language applies "notwithstanding any other law," meaning it overrides conflicting authorities.
• Covers funds obligated, expended, or otherwise made available from the Treasury or any U.S.-controlled account.
• Bars reimbursements to any person for qualified expenditures—potentially including grants, loans, guarantees, and contract payments.
• One section only provides a short title and has no substantive effect.
• No exceptions, implementation details, or alternative funding mechanisms are specified in the provided text.
• Primarily affects federal financial support channels rather than private investment per se, though private investors expecting U.S. reimbursement would be affected.