Bill > S3685

This bill, titled the "No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act," aims to prevent U.S. taxpayer money from being used to reimburse companies for significant investments in Venezuela's oil and gas industry. Specifically, it defines a "capital expenditure" as money spent on new buildings or permanent improvements that increase property value, and a "qualified capital expenditure" as such an expenditure made within Venezuela's oil and gas sector. The bill then prohibits any funds from the U.S. Treasury, or any accounts controlled by the U.S. government or individuals acting on its behalf, from being used to pay back any person – whether a U.S. citizen, resident alien, or any type of corporation or organization – for these qualified capital expenditures in Venezuela. This measure is intended to cut off financial support for the Venezuelan oil sector through U.S. government reimbursements.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/3685/all-info