Ban U.S. Investment in Venezuela's Energy
Official: Halt All United States Investments in Venezuela’s Energy Sector Act of 2025
This bill aims to prevent U.S. investments in Venezuela's energy sector until the country acknowledges the results of its recent presidential election. It seeks to support the democratic choice of Venezuelan citizens.
Undersea Cable Protection Act of 2025This bill prohibits the Department of Commerce from enforcing certain permit requirements for activities related to undersea fiber optic cables in national marine sanctuaries. Specifically, Commerce may not prohibit or require an authorization for any covered activities related to undersea fiber optic cables if a license, lease, or permit has been issued by a state or federal agency to authorize the covered activity. Covered activities are the installation, continued presence, operation, maintenance, repair, or recovery of undersea fiber optic cables in a national marine sanctuary. The bill also authorizes Commerce to direct the National Oceanic and Atmospheric Administration to engage in interagency cooperation regarding federal agency actions that are likely to destroy, cause the loss of, or injure a resource in a national marine sanctuary and involve covered activities.
1. This bill stops U.S. investments in Venezuela's energy sector. 2. It will remain in effect until Venezuela respects the election results from July 28, 2024. 3. The bill prohibits transactions related to petroleum in Venezuela. 4. The President can lift the ban if it's in the national security interest of the U.S. 5. Violators of this ban could face penalties.