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Protecting Taxpayers from Risky Investments in Venezuela Act
To prohibit the United States Government from funding Venezuela's oil infrastructure, and for other purposes.
Summary
This bill prohibits the use of federal funds to finance, subsidize, insure, guarantee, or otherwise support the development, maintenance, or expansion of Venezuela's oil infrastructure and petroleum sector. The prohibition covers a broad range of activities including construction and repair of oil facilities, real estate purchases, insurance costs, loan guarantees, tax incentives, royalty relief, and payments to individuals or corporations. The bill also prohibits United States Government officials from advocating for or promoting Venezuela's oil sector at international financial institutions or diplomatic forums. The Secretary of State is required to submit an annual report to Congress describing any related expenditures and certifying compliance with the prohibition.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Levin, Mike [D-CA-49] (D-CA)
22 cosponsors
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC)
- Rep. Casten, Sean [D-IL-6] (D-IL)
- Rep. Cisneros, Gilbert Ray [D-CA-31] (D-CA)
- Rep. Dexter, Maxine [D-OR-3] (D-OR)
- Rep. Doggett, Lloyd [D-TX-37] (D-TX)
- Rep. Escobar, Veronica [D-TX-16] (D-TX)
- Rep. Foushee, Valerie P. [D-NC-4] (D-NC)
- Rep. Friedman, Laura [D-CA-30] (D-CA)
- Rep. Garcia, Robert [D-CA-42] (D-CA)
- Rep. Jackson, Jonathan L. [D-IL-1] (D-IL)
- Rep. Liccardo, Sam T. [D-CA-16] (D-CA)
- Rep. Matsui, Doris O. [D-CA-7] (D-CA)
- Rep. McClellan, Jennifer L. [D-VA-4] (D-VA)
- Rep. Min, Dave [D-CA-47] (D-CA)
- Rep. Quigley, Mike [D-IL-5] (D-IL)
- Rep. Ruiz, Raul [D-CA-25] (D-CA)
- Rep. Salinas, Andrea [D-OR-6] (D-OR)
- Rep. Schakowsky, Janice D. [D-IL-9] (D-IL)
- Rep. Stanton, Greg [D-AZ-4] (D-AZ)
- Rep. Trahan, Lori [D-MA-3] (D-MA)
- Rep. Vargas, Juan [D-CA-52] (D-CA)
- Rep. Vindman, Eugene Simon [D-VA-7] (D-VA)
Money behind the sponsor
Top reported contributors to Mike Levin’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $64,547
- UNIVERSITY OF CALIFORNIA-SAN DIEGO $18,365
- GOOGLE $14,450
- CHEMBRIDGE CORP $13,200
- PIMCO $13,200
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Mike Levin → · Outside spending →
Actions (2)
- Jan 13, 2026 Referred to the House Committee on Foreign Affairs. · house
- Jan 13, 2026 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE HOUSE OF REPRESENTATIVES
January 13, 2026
Mr. Levin (for himself, Ms. Escobar, Mr. Doggett, Mr. Casten, Mr. Stanton, Mr. Vargas, Mr. Min, Ms. Friedman, Mr. Liccardo, Ms. Norton, Ms. Matsui, Mrs. Foushee, and Mr. Ruiz) introduced the following bill; which was referred to the Committee on Foreign Affairs
A BILL
To prohibit the United States Government from funding Venezuela’s oil infrastructure, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Protecting Taxpayers from Risky Investments in Venezuela Act”.
SEC. 2. DEFINED TERM.
In this Act, the term “appropriate congressional committees” means—
(1) the Committee on Foreign Relations of the Senate;
(2) the Committee on Appropriations of the Senate;
(3) the Committee on the Budget of the Senate;
(4) the Committee on Foreign Affairs of the House of Representatives;
(5) the Committee on Appropriations of the House of Representatives; and
(6) the Committee on the Budget of the House of Representatives.
SEC. 3. PROHIBITION ON THE USE OF FEDERAL FUNDS TO SUPPORT VENEZUELA’S OIL AND PETROLEUM INFRASTRUCTURE.
(a) Prohibition.—Except as provided in subsection (b), none of the funds appropriated or otherwise made available for any department or agency of the United States Government or for any account owned, controlled, or accessible by the United States, or a person acting on behalf of the United States, may be used to finance, subsidize, insure, guarantee, contract for, or otherwise support the development, maintenance, or expansion of oil infrastructure or the petroleum sector in Venezuela, including—
(1) the construction, installation, manufacture, development, modernization, repair, or permanent improvement of any oil or gas infrastructure in Venezuela;
(2) the purchase of real property, including a reimbursement for any such purchase;
(3) insurance costs, loan guarantees, tax incentives, and royalty relief;
(4) any payments made to individuals or domestic, international, or multinational corporations; and
(5) any form of advocacy, promotion, or support provided by officers or employees of the United States Government for the benefit of Venezuela’s oil infrastructure or petroleum sector, including at international financial institutions, multilateral organizations, or diplomatic forums.
(b) Exception.—The prohibition under subsection (a) shall not apply to any expenditure explicitly authorized by an Act of Congress after the date of the enactment of this Act.
SEC. 4. ANNUAL REPORT.
Not later than 180 days after the date of the enactment of this Act, and annually thereafter, the Secretary of State shall submit a report to the appropriate congressional committees that—
(1) describes any expenditures or activities related to Venezuela’s oil infrastructure or petroleum sector; and
(2) certifies compliance with this Act. <all>
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