S3685Referred to Committee

No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-01-15
Introduced
6
Cosponsors
S
ⓘ
Type

Sponsor

Michael F. Bennet
Michael F. Bennet
Democrat · CO · Senator
Votes with party: 82.8% (808 recorded votes)

Full profile: /officials/B001267

Source: Congress.gov · FEC

Cosponsors (6)

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 →

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2026-01-15

Source: Congress.gov

Plain-English Summary

The bill would prohibit U.S. taxpayer money—including federal funds, loans, and investments—from being used to finance or support corporate investments in Venezuelan oil production and related industries. This would prevent government agencies and federally-backed financial institutions from funding American companies that want to do business in Venezuela's oil sector. The measure targets concerns about U.S. money indirectly supporting Venezuela's government and economy during periods of political tension.

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

Finance and Financial Sector
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