Blocks U.S. government funds from supporting Venezuela's oil industry.
This bill would stop the U.S. government from using taxpayer money to support Venezuela's oil industry. It would prevent federal agencies from financing, insuring, or otherwise helping develop Venezuela's oil infrastructure. The Secretary of State would also have to report annually on compliance.
Today, no specific law stops U.S. government funds from supporting Venezuela's oil industry. If this bill passes, the U.S. government could no longer use federal money to finance, subsidize, or support Venezuela's oil industry. This ban would apply unless a future law specifically allows such spending. The Secretary of State would also need to report annually on compliance.
S 3621 · 119th Congress · AI Summary by gemini-2.5-flash · 8/10
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1 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.