Bans US government money from supporting Venezuela's oil industry.
This bill would stop the U.S. government from using federal money to help Venezuela's oil industry. This includes things like financing projects, offering insurance, or promoting the sector. It aims to protect taxpayers from risky investments in that country.
Today, there are no specific laws stopping the U.S. government from using federal money to support Venezuela's oil industry. If this bill becomes law, the U.S. government would be banned from providing any financial, insurance, or promotional support for Venezuela's oil and petroleum infrastructure. This ban would apply unless Congress specifically approves such support later.
HR 7038 · 119th Congress · January 13, 2026 · AI Summary by gemini-2.5-flash · 9/10
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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.