What is the current status of HR 7038?

HR 7038 is currently: Introduced.

Who sponsored HR 7038?

HR 7038 was sponsored by Mike Levin (D), Rep.

IntroducedJanuary 13, 2026

Introduced8 months ago

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Introduced in House

Why This Matters

This bill prevents the U.S. government from spending money on Venezuela's oil industry, aiming to protect taxpayer dollars from risky investments.

If you pay taxes, your money won't be used to support Venezuela's oil industry.

Who this affects

U.S. taxpayers · Venezuelan oil workers

What changes is this bill making?

1This bill stops the U.S. government from using taxpayer money to support Venezuela's oil infrastructure.
2It prohibits funding for construction, repair, or improvement of oil and gas facilities in Venezuela.
3The bill also blocks financial support like insurance, loans, and tax incentives for Venezuela's oil sector.
4An exception exists if Congress specifically allows funding for these activities in the future.
5The Secretary of State must report annually on any activities related to Venezuela's oil sector.

Last changed 4 months ago · checked hourly