arrow_back Back to App

Ban on US Investments in Venezuela's Energy Sector Until Election Results Recognized.

This Act immediately prohibits US citizens and entities from investing, trading, or operating within Venezuela's energy sector, including providing services to the state oil company PDVSA. The goal is to pressure the Nicolas Maduro regime to respect the results of the July 2024 presidential election. US persons must cease all such transactions immediately or face severe financial penalties.
Key points
Immediate ban on investment and trade in Venezuela's energy sector for all US persons and companies.
The prohibition includes financing and providing services to Venezuela's state oil company (PDVSA) and the Maduro regime.
Violations are subject to high financial penalties and sanctions under the International Emergency Economic Powers Act.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_S_4993
Sponsor: Sen. Durbin, Richard J. [D-IL]
Process start date: 2024-09-09
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Halt All United States Investments in Venezuela’s Energy Sector Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_4993.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-09-09.

What are the main provisions?

Key points include:

  • Immediate ban on investment and trade in Venezuela's energy sector for all US persons and companies.
  • The prohibition includes financing and providing services to Venezuela's state oil company (PDVSA) and the Maduro regime.
  • Violations are subject to high financial penalties and sanctions under the International Emergency Economic Powers Act.
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 Sen. Durbin, Richard J. [D-IL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

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

CATEGORIES

Economy