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US SB3685
Bill
AI Summary
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Prohibits the use of any U.S. Treasury funds to reimburse capital expenditures made in Venezuela's oil and gas sector
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Applies to payments for new buildings, permanent improvements, or betterments that increase property value in Venezuelan oil and gas operations
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Covers all persons including U.S. citizens, permanent residents, and any foreign or domestic corporations, partnerships, or organizations
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Blocks funds from being obligated, expended, or made available from any account owned, controlled, or accessible by the United States or persons acting on its behalf
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Introduced January 15, 2026 by Senator Bennet with 6 Democratic cosponsors; referred to Committee on Banking, Housing, and Urban Affairs
Legislative Description
No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
1/15/2026