Ban U.S. Funding for Venezuela's Oil

Official: Protecting Taxpayers from Risky Investments in Venezuela Act

IntroducedJanuary 13, 2026

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.

Affects: U.S. taxpayers and Venezuelan oil workers could be affected by this bill.

What changes is this bill making?

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

Who is affected?

U.S. taxpayers and Venezuelan oil workers could be affected by this bill.