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No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act
To prohibit appropriations of funds for the payment of reimbursements for capital expenditures in the oil and gas sector, and for other purposes.
Summary
This bill prohibits the use of U.S. Treasury funds or any funds accessible to the U.S. government to reimburse capital expenditures made in Venezuela's oil and gas sector. The prohibition applies to reimbursements for new buildings, permanent improvements, or other capital investments in Venezuelan oil and gas operations by any person, including U.S. citizens, permanent residents, corporations, and partnerships. No federal funds may be used to pay back individuals or entities for money they have spent on Venezuelan oil and gas infrastructure investments.
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)
6 cosponsors
- Sen. Hickenlooper, John W. [D-CO] (D-CO)
- Sen. Kaine, Tim [D-VA] (D-VA)
- Sen. Reed, Jack [D-RI] (D-RI)
- Sen. Schiff, Adam B. [D-CA] (D-CA)
- Sen. Van Hollen, Chris [D-MD] (D-MD)
- Sen. Welch, Peter [D-VT] (D-VT)
Actions (2)
- Jan 15, 2026 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
- Jan 15, 2026 Introduced in Senate
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 SENATE OF THE UNITED STATES
January 15, 2026
Mr. Bennet (for himself, Mr. Welch, Mr. Kaine, Mr. Van Hollen, Mr. Reed, Mr. Hickenlooper, and Mr. Schiff) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
A BILL
To prohibit appropriations of funds for the payment of reimbursements for capital expenditures in the oil and gas sector, 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 “No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act”.
SEC. 2. NO PAYMENT OF REIMBURSEMENTS FOR QUALIFIED CAPITAL EXPENDITURES.
(a) Definitions.—In this section:
(1) Capital expenditure.—The term “capital expenditure” means any amount paid for new buildings or for permanent improvements or betterments made to increase the value of any property or estate.
(2) Person.—The term “person” means—
(A) any United States citizen or alien admitted for permanent residence in the United States; and
(B) any foreign or domestic corporation, partnership, or other organization.
(3) Qualified capital expenditure.—The term “qualified capital expenditure” means a capital expenditure made in the oil and gas sector located in the Bolivarian Republic of Venezuela, or a legal successor.
(b) Prohibiting Certain Payments.—Notwithstanding any other provision of law, no funds may be obligated, expended, or otherwise made available from the Treasury of the United States or any account owned, controlled, or accessible by the United States or a person acting on behalf of the United States for the payment of reimbursements for qualified capital expenditures by a person. <all>
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