Prohibiting Venezuelan Oil Imports and US Energy Policy
This act aims to prohibit the importation of petroleum products from Venezuela into the United States. The President can only lift this prohibition under specific conditions, including reinstating sanctions on Venezuela's state oil company and resuming domestic oil production. The goal is to enhance US energy independence and support democracy in Venezuela.
Key points
Oil Import Ban: The act imposes a complete ban on petroleum product imports from Venezuela, potentially impacting global energy markets and fuel prices.
Increased Domestic Production: The President can remove the ban if domestic oil and gas leasing resumes, which could lead to greater fuel availability in the US.
Support for Democracy: The act seeks to support democracy in Venezuela through economic pressure on the current regime.
Energy Policy Shift: The act promotes an 'America-first' energy policy, potentially leading to fewer regulations for the oil and gas industry.
Expired
Additional Information
Print number: 117_HR_7207
Sponsor: Rep. Donalds, Byron [R-FL-19]
Process start date: 2022-03-24