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
Ask Maddy
·
AI policy assistant
Ask Maddy about S 3685
Scope: US
Hi! I can help you understand S 3685. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline