What this bill does
AI plain-language summaryThis bill would ban Americans and American companies from investing in or doing business with Venezuela's energy sector, including its state-owned oil company and any companies connected to it. The ban would also apply to doing business with Venezuela's current government under Nicolas Maduro or any future non-democratic government there. The restrictions would end by December 31, 2027, or earlier if the President tells Congress that Maduro has recognized Edmundo Gonzalez as the winner of the July 28, 2024 election and given up power. The President can temporarily waive these bans for up to 90 days if needed for national security reasons.
Introduced
January 9, 2025
Policy Area
International Affairs
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