Referred to the House Committee on Foreign Affairs.
This bill would prohibit United States persons from investing, trading, operating, or providing goods, services, or financing in Venezuela's energy sector, specifically targeting Petroleos de Venezuela, S.A. and the Maduro regime. The Treasury Secretary, with State consultation, would implement the ban using IEEPA authorities, impose IEEPA penalties for violations, and require all agencies to enforce it.
Human rights pressure versus economic and energy security concerns
Relative to its intended legislative type, this bill is a clear substantive sanctions measure that establishes new prohibitions on U.S. person investment and support for Venezuela's energy sector, delegating implementation to executive authorities and tying termination to a political condition or a sunset date.
This bill would prohibit United States persons from investing, trading, operating, or providing goods, services, or financing in Venezuela's energy sector, specifically targeting Petroleos de Venezuela, S.A. and the Maduro regime.
The Treasury Secretary, with State consultation, would implement the ban using IEEPA authorities, impose IEEPA penalties for violations, and require all agencies to enforce it.
The prohibition lasts until Maduro recognizes the stated July 28, 2024 election results or until December 31, 2027, with a case-by-case presidential waiver process for national security reasons.
Targeted sanctions with waiver and sunset increase enactment prospects, but private‑sector impacts and Senate procedures reduce likelihood.
Relative to its intended legislative type, this bill is a clear substantive sanctions measure that establishes new prohibitions on U.S. person investment and support for Venezuela's energy sector, delegating implementation to executive authorities and tying termination to a political condition or a sunset date. It incorporates existing IEEPA authorities and penalty structures and builds in a waiver process with required reporting.
Human rights pressure versus economic and energy security concerns
These are examples from the analysis, not a ranked list of the most-affected groups.
Human rights pressure versus economic and energy security concerns
Likely supportive because the bill aims to pressure an authoritarian regime and uphold democratic election outcomes.
They will appreciate targeted sanctions on Venezuela's main revenue source while demanding safeguards for civilians and human rights.
They will want clear humanitarian exceptions and multilateral coordination to avoid harming ordinary Venezuelans.
Cautiously supportive if the measure is narrowly targeted and paired with clear implementation and oversight.
Appreciates the bill's defined end-state and presidential waiver mechanism, but worries about unintended economic consequences and legal complexity.
Will look for detailed Treasury guidance and allied cooperation before full endorsement.
Likely skeptical or opposed due to concerns about market interference, extraterritorial regulation, and harms to U.S. businesses and energy security.
May accept targeted measures against regime leaders, but opposes broad sectoral investment bans without clear national security justification.
Will press for stronger waiver flexibility or compensation mechanisms for affected U.S. interests.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Targeted sanctions with waiver and sunset increase enactment prospects, but private‑sector impacts and Senate procedures reduce likelihood.
The bill has not accumulated any surfaced votes yet.
Human rights pressure versus economic and energy security concerns
Targeted sanctions with waiver and sunset increase enactment prospects, but private‑sector impacts and Senate procedures reduce likelihood.
Relative to its intended legislative type, this bill is a clear substantive sanctions measure that establishes new prohibitions on U.S. person investment and support for Venezuela's energy sector, delegating implementat…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.