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US Investment Ban in Venezuelan Oil Until Election Results Respected.

This act aims to halt U.S. investments in Venezuela's energy sector. The goal is to pressure the Venezuelan government to respect the results of the July 2024 presidential election. For U.S. citizens, this means a prohibition on engaging in transactions related to the Venezuelan oil sector, potentially impacting their investment opportunities in that region.
Key points
Prohibition on investment, trade, and operations by U.S. persons in Venezuela's energy sector.
The ban includes transactions with the state oil company Petroleos de Venezuela, S.A., and the current government.
The prohibition will remain in effect until the July 28, 2024 election results are respected or until December 31, 2027.
The U.S. President can temporarily waive the ban for national security reasons, with congressional notification.
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Introduced
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Additional Information
Print number: 119_HR_328
Sponsor: Rep. Wasserman Schultz, Debbie [D-FL-25]
Process start date: 2025-01-09
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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

REVOCAR Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_328.

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 2025-01-09.

What are the main provisions?

Key points include:

  • Prohibition on investment, trade, and operations by U.S. persons in Venezuela's energy sector.
  • The ban includes transactions with the state oil company Petroleos de Venezuela, S.A., and the current government.
  • The prohibition will remain in effect until the July 28, 2024 election results are respected or until December 31, 2027.
  • The U.S. President can temporarily waive the ban for national security reasons, with congressional notification.
What is the specific legal status?

The current status is Introduced.

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 2025-12-22.

CATEGORIES

Economy Foreign Affairs