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To authorize the Development Finance Corporation to invest in Venezuela.
To authorize the Development Finance Corporation to invest in Venezuela.
Summary
This bill amends the BUILD Act of 2018 to remove Venezuela from the Development Finance Corporation's list of countries of concern. The bill explicitly authorizes the Development Finance Corporation to invest in Venezuela. This change would allow the corporation to provide development financing and investment in Venezuela.
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. Issa, Darrell [R-CA-48] (R-CA)
1 cosponsor
Money behind the sponsor
Top reported contributors to Darrell Issa’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $45,911
- ARMSCOR PRECISION INTL $18,200
- GOOGLE $11,400
- FRANKLIN SQUARE GROUP $7,050
- 1A AUTO $6,850
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Darrell Issa → · Outside spending →
Actions (2)
- May 21, 2026 Referred to the House Committee on Foreign Affairs. · house
- May 21, 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
May 21, 2026
Mr. Issa (for himself and Ms. Salazar) introduced the following bill; which was referred to the Committee on Foreign Affairs
A BILL
To authorize the Development Finance Corporation to invest in Venezuela.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. AUTHORIZATION TO INVEST IN VENEZUELA.
(a) Removal as Country of Concern.—Section 1402(3) of the BUILD Act of 2018 (22 U.S.C. 9601(3)) is amended—
(1) by striking subparagraph (A); and
(2) by redesignating subparagraphs (B) through (G) as subparagraphs (A) through (F), respectively.
(b) Investment Authority.—Notwithstanding any other provision of law, the Development Finance Corporation may invest in the Bolivarian Republic of Venezuela. <all>
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