“To prohibit the United States Government from funding Venezuela's oil infrastructure, and for other purposes.”
No CRS summary available for this bill.
This section defines the term "appropriate congressional committees" to mean (1) the Senate Committee on Foreign Relations; (2) the Senate Committee on Appropriations; (3) the Senate Committee on the Budget; (4) the House Committee on Foreign Affairs; (5) the House Committee on Appropriations; and (6) the House Committee on the Budget.
This section prohibits the use of federal funds by U.S. government departments, agencies, or persons acting on their behalf to finance, subsidize, insure, guarantee, or otherwise support the development, maintenance, or expansion of oil infrastructure or the petroleum sector in Venezuela—including (1) construction, installation, manufacture, development, modernization, repair, or permanent improvement of oil or gas infrastructure; (2) real property purchases; (3) insurance costs, loan guarantees, tax incentives, or royalty relief; (4) payments to individuals or corporations; and (5) U.S. government advocacy or promotion at international financial institutions, multilateral organizations, or diplomatic forums—except for expenditures explicitly authorized by an Act of Congress enacted after the date of enactment.
This section requires the Secretary of State, not later than 180 days after the date of enactment of this Act and annually thereafter, to submit to the appropriate congressional committees a report that (1) describes any expenditures or activities related to Venezuela’s oil infrastructure or petroleum sector, and (2) certifies compliance with this Act.