S 3685 United States Senate · 119th Congress

No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act

This bill prohibits using federal funds to reimburse corporations for investments in Venezuela's oil sector. It blocks U.S. taxpayer money from covering "qualified capital expenditures" (like new facilities or permanent property improvements) made by any corporation in Venezuela's oil and gas industry. The law applies to all U.S. and foreign corporations operating in Venezuela's oil sector, preventing federal reimbursement for these specific investments. It does not ban the investments themselves, only the use of public funds to cover them.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
President
Introduced Jan 15, 2026 Last action Jan 15, 2026
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jan 15, 2026
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Jan 15, 2026
Introduced
Introduced in Senate
upper
1 primary · 6 co-sponsors

Sponsors