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Protecting Taxpayers: Ban on Funding Venezuela's Oil Infrastructure.

This law aims to protect US taxpayer money by strictly prohibiting the use of federal funds to support the development, maintenance, or expansion of Venezuela's oil infrastructure and petroleum sector. This means public funds cannot be used for construction, insurance, loan guarantees, or advocacy related to this sector, unless Congress explicitly authorizes an exception later. The goal is to prevent risky foreign investments using citizen funds.
Key points
A categorical ban on using US federal funds to support Venezuela's oil infrastructure or petroleum sector.
The prohibition covers financing construction, insurance costs, loan guarantees, and promotional activities by US officials.
The Secretary of State must submit annual reports to Congress certifying compliance with this funding restriction.
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Status: Introduced
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Additional Information
Print number: 119_HR_7038
Sponsor: Rep. Levin, Mike [D-CA-49]
Process start date: 2026-01-13
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Protecting Taxpayers from Risky Investments in Venezuela Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_7038.

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 2026-01-13.

What are the main provisions?

Key points include:

  • A categorical ban on using US federal funds to support Venezuela's oil infrastructure or petroleum sector.
  • The prohibition covers financing construction, insurance costs, loan guarantees, and promotional activities by US officials.
  • The Secretary of State must submit annual reports to Congress certifying compliance with this funding restriction.
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. Levin, Mike [D-CA-49].

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 2026-01-29.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Public Investments