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Prohibiting Venezuelan Oil Imports: Market and Policy Impact.

This act bans the import of petroleum products from Venezuela into the United States. Its aim is to pressure the Venezuelan government regarding free elections and the release of political prisoners. For US citizens, this act might indirectly affect fuel prices, though its primary focus is foreign policy.
Key points
Prohibits the import of oil and petroleum products from Venezuela to the US.
The ban will be lifted once Venezuela holds free elections and releases political prisoners.
The US President can impose penalties for violating this prohibition.
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Expired
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Additional Information
Print number: 117_HR_7023
Sponsor: Rep. Franklin, C. Scott [R-FL-15]
Process start date: 2022-03-09
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Prohibiting Oil Trade with Venezuela’s Tyrant Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7023.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-03-09.

What are the main provisions?

Key points include:

  • Prohibits the import of oil and petroleum products from Venezuela to the US.
  • The ban will be lifted once Venezuela holds free elections and releases political prisoners.
  • The US President can impose penalties for violating this prohibition.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Franklin, C. Scott [R-FL-15].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Security