Sponsors (2)
The bill expands U.S. development and business engagement in Venezuela and potential economic benefits, but does so at the cost of increased fiscal and reputational risks and reduced leverage from sanctions.
U.S. businesses, investors, and Venezuelan workers: Allows the DFC to finance projects in Venezuela, creating opportunities for U.S. firms to invest and potentially supporting private‑sector jobs and economic recovery there.
U.S. policymakers and diplomats: Expands U.S. development engagement options in Venezuela, giving the U.S. additional diplomatic tools and avenues for influence.
U.S. taxpayers and U.S. financial institutions: Increases exposure to potential financial losses if DFC‑backed investments in Venezuela default or are impaired by political risk.
U.S. national security and policy coherence: Removing Venezuela from the statutory "country of concern" list may weaken sanctions and export‑control leverage, reducing pressure on the Venezuelan government.
U.S. firms and small business owners: Companies that participate could face reputational and legal risks from operating in a country with documented governance and human‑rights concerns.
Based on analysis of 1 section of legislative text.
Removes Venezuela from the BUILD Act "country of concern" list and expressly authorizes DFC to make investments in Venezuela.
Official title: To authorize the Development Finance Corporation to invest in Venezuela.
Introduced May 21, 2026 by Darrell Issa · Last progress May 21, 2026
Removes Venezuela from the BUILD Act definition of a “country of concern” and expressly allows the U.S. International Development Finance Corporation (DFC) to make investments in Venezuela notwithstanding other law. The change narrowly revises the statutory list and creates explicit statutory authority for DFC activity in Venezuela.