CONGRESS FOR VOTERS

DemocratBill · S. 3685· Senate(119-S-3685)

No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act

Rep. Bennet
Age: 62 years
Colorado
Introduced
1/15/2026
Last activity
1/15/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsored by
Michael Bennet
Cosponsors
Democrat - 6Republican - 0
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

This bill, titled the "No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act," seeks to prevent the use of federal money for certain industry costs. It specifically prohibits the government from paying reimbursements for capital expenditures within the oil and gas sector in Venezuela. The legislation defines these expenditures as payments for new buildings or permanent property improvements. It applies to any person, including U.S. citizens and various corporations. The goal is to ensure no funds from the U.S. Treasury or related accounts are used for these specific international investments.

Yes

  • Does this reduce what the federal government spends?+1

    The bill prevents the expenditure of U.S. Treasury funds for reimbursements related to capital expenditures in the Venezuelan oil sector.

  • Does this reduce how much oil, gas and coal is produced?+1

    The bill limits the financial mechanisms that support capital expansion in the oil and gas sector of Venezuela.

The opposite

  • Would business owners be better off under this?-2

    Corporations engaged in oil and gas capital expenditures in Venezuela will be denied reimbursements from the U.S. government.

  • Does this send more money or help to other countries?-1

    The bill restricts the flow of U.S. funds that could potentially support the economic infrastructure of Venezuela through reimbursements.