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US Investment Ban in Venezuela's Energy Sector Until Election Results Respected.

This act immediately prohibits US citizens and companies from investing in Venezuela's energy sector. The goal is to pressure Venezuelan authorities to recognize the results of the July 2024 presidential election. US citizens and companies should be aware that violating this ban can result in severe financial penalties.
Key points
The ban covers all petroleum-related transactions previously allowed under agreements or licenses.
The US President can temporarily waive the prohibition if deemed necessary for national security, with a report to Congress.
The ban will be lifted once Venezuelan authorities recognize the 2024 election results and transfer power to the elected government.
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Introduced
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Additional Information
Print number: 119_S_261
Sponsor: Sen. Durbin, Richard J. [D-IL]
Process start date: 2025-01-27
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Halt All United States Investments in Venezuela’s Energy Sector Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_261.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-01-27.

What are the main provisions?

Key points include:

  • The ban covers all petroleum-related transactions previously allowed under agreements or licenses.
  • The US President can temporarily waive the prohibition if deemed necessary for national security, with a report to Congress.
  • The ban will be lifted once Venezuelan authorities recognize the 2024 election results and transfer power to the elected government.
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 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 2025-12-23.

CATEGORIES

Economy Security