Banning Taxpayer Funds for Corporate Investment in Venezuelan Oil Sector.
This law prevents the US government from using federal funds, including taxpayer money, to reimburse companies for capital investments made in the oil and gas sector in Venezuela. This ensures that US public funds are not used to subsidize or cover the costs of building or improving oil infrastructure in that specific foreign country. The goal is to protect public money from supporting these particular corporate foreign investments.
Key points
Prohibits the use of US Treasury funds to reimburse capital expenditures in the Venezuelan oil and gas sector.
The ban applies to all entities making such investments, including US citizens, permanent residents, and domestic or foreign corporations.
Taxpayer money will not subsidize the construction or permanent improvements of oil and gas properties in Venezuela.
Status:
Introduced
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