S 4993 United States Senate · 118th Congress

Halt All United States Investments in Venezuela’s Energy Sector Act of 2024

S 4993 prohibits U.S. persons (including citizens, companies, and individuals in the U.S.) from investing in or providing services to Venezuela's energy sector, specifically targeting Petroleos de Venezuela, S.A. (PDVSA) and the Maduro government. The law bans transactions related to energy investments, operations, or financing beginning upon enactment and includes penalties for violations under the International Emergency Economic Powers Act. The prohibition remains in effect until the President certifies that Venezuela's government recognizes the July 28, 2024, election results showing opposition candidate Edmundo Gonzalez's victory. This directly affects U.S. businesses and individuals engaged in energy-related activities in Venezuela.
Bill status in committee 1 of 4 stages cleared
Introduction
Sep 2024
Committee Review
Floor Vote
President
Introduced Sep 9, 2024 Last action Sep 9, 2024
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Committee
1
Sep 9, 2024
Senate · Referred to committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S5893)
Sep 9, 2024
Senate · Introduced
Introduced in Senate
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Richard J. Durbin
Richard J. Durbin
DDemocratic
IL
n/a