HR8974Referred to Committee

To authorize the Development Finance Corporation to invest in Venezuela.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-05-21
Introduced
1
Cosponsors
HR
ⓘ
Type

Sponsor

Darrell Issa
Darrell Issa
Republican · CA · Representative
Votes with party: 97.3% (601 recorded votes)

Full profile: /officials/I000056

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Foreign Affairs.

2026-05-21

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

The proposal would allow the U.S. Development Finance Corporation, a government agency that invests in businesses and projects abroad, to put money into Venezuelan companies and ventures. This would enable American investment in Venezuela's economy, potentially supporting businesses and economic development there, though it would require congressional approval and oversight. The measure affects American investors, Venezuelan businesses, and U.S. foreign policy toward Venezuela.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

International Affairs

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8974 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8974 To authorize the Development Finance Corporation to invest in Venezuela. _______________________________________________________________________ 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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