No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act

# Summary: No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act **What the Bill Would Do:** This bill would prohibit U.S. taxpayer money—including federal funds, loans, and investments—from being used to support corporate investments in Venezuelan oil. Essentially, it prevents government funds from financing or backing American companies' oil operations in Venezuela. **Who It Affects:** The bill primarily affects oil companies and financial institutions that might seek government support for Venezuelan operations, as well as federal agencies that distribute loans or investment backing.

It also relates to U.S. foreign policy toward Venezuela. **Current Status:** The bill was introduced by Senator Michael Bennet (D-Colorado) and is currently in committee, meaning it has not yet been debated or voted on by the full Senate. No further action has been taken at this time.