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Ban on U.S. Investment in Venezuelan Oil Sector Until Election Results Respected.

This law immediately prohibits U.S. citizens and companies from investing, trading, or operating in Venezuela's energy sector, including transactions with the state oil company PDVSA. The goal is to pressure the Nicolas Maduro regime to respect the results of the July 2024 presidential election. This ban remains in effect until power is transferred to the legitimately elected government or until the end of 2027.
Key points
U.S. persons and entities are banned from investing or operating in the Venezuelan energy sector, including providing services or financing.
The prohibition applies immediately, overriding any existing contracts or previously granted licenses.
The ban will be lifted only if the Maduro regime recognizes the election results, or automatically expires on December 31, 2027.
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Expired
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Additional Information
Print number: 118_HR_9995
Sponsor: Rep. Wasserman Schultz, Debbie [D-FL-25]
Process start date: 2024-10-15
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

REVOCAR Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9995.

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 2024-10-15.

What are the main provisions?

Key points include:

  • U.S. persons and entities are banned from investing or operating in the Venezuelan energy sector, including providing services or financing.
  • The prohibition applies immediately, overriding any existing contracts or previously granted licenses.
  • The ban will be lifted only if the Maduro regime recognizes the election results, or automatically expires on December 31, 2027.
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. Wasserman Schultz, Debbie [D-FL-25].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Foreign Affairs.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy Security