Protecting Taxpayers: Ban on Funding Venezuela's Oil Infrastructure.
This law aims to protect American taxpayer money by strictly prohibiting the use of federal funds to support, finance, or insure Venezuela's oil and petroleum infrastructure. This ensures that public funds are not exposed to risks associated with investments in this specific foreign sector, unless Congress explicitly authorizes an exception later. The Secretary of State must report annually to Congress confirming compliance with this ban.
Key points
Federal funds (taxpayer money) are strictly prohibited from being used to support the development, maintenance, or expansion of Venezuela's oil infrastructure.
The ban covers subsidies, loan guarantees, tax incentives, insurance costs, and any promotional activities by US officials related to this sector.
Requires the Secretary of State to submit annual reports to Congress certifying compliance and detailing any related activities.
Status:
Introduced
Civic Will
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.