H.R. 328 — REVOCAR Act of 2025

This section states congressional findings that (1) more than 10,000,000 Venezuelan citizens voted on July 28, 2024, in a presidential election where data from credible election monitors showed opposition candidate Edmundo Gonzalez received more than two-thirds of the votes against Nicolas Maduro's regime; and (2) the Maduro regime refused to respect this choice and arrested and abused thousands of innocent Venezuelan citizens, including children, for peaceful political participation.

This section prohibits, effective on the date of enactment, any transaction by a United States person—or an entity owned or controlled by a United States person—to invest, trade, or operate within the energy sector of Venezuela, including provision of goods, services, or finance to Petroleos de Venezuela, S.A. (PDVSA), its subsidiaries or related companies, or the regime of Nicolas Maduro (or any nondemocratic successor), as well as any evasive transactions; the prohibition applies notwithstanding prior contracts or licenses and terminates on the earlier of a presidential determination that Maduro has recognized the July 28, 2024, electoral victory of Edmundo Gonzalez and relinquished power, or December 31, 2027. It authorizes the Secretary of the Treasury, in consultation with the Secretary of State, to implement the prohibition, including by exercising presidential authorities under sections 203 and 205 of the International Emergency Economic Powers Act (IEEPA, 50 U.S.C. 1702 and 1704), and subjects violations to IEEPA civil and criminal penalties (50 U.S.C. 1705(b) and (c)). It further provides the President with case-by-case waiver authority for up to 90 days (renewable for additional 90-day periods) if vital to U.S. national security interests, requiring a report to specified congressional committees at least 30 days prior (or 15 days prior to renewal) that includes the waiver rationale, permitted transactions, efforts to restrict Maduro's financial flows, and impacts on democratic transition, Maduro's resources, and human rights or U.S. interests.