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No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act — S. 3685
Last updated: 1/15/2026 · Introduced: 1/15/2026
Author: Michael Bennet (D-CO)
TL;DR (AI)
- The bill prohibits the use of federal taxpayer funds for investments in Venezuelan oil.
- It restricts the ability of U.S. financial institutions to provide financing or advisory services related to Venezuelan oil projects if those projects receive funding from the Venezuelan government.
- The Act establishes an exception for transactions necessary to wind down existing investments or for humanitarian assistance.
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Other Sections
Includes provisions on preamble, short title., and 1 more.
3 sections
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