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HR 328 119th Congress House International Affairs Administrative law and regulatory procedures Civil actions and liability Department of the Treasury Elections, voting, political campaign regulation Human rights Latin America Oil and gas Presidents and presidential powers, Vice Presidents Sanctions Sovereignty, recognition, national governance and status U.S. and foreign investments Venezuela

REVOCAR Act of 2025

Introduced: January 9, 2025 Introduced by: Wasserman Schultz, Debbie Democratic · Florida See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 9, 2025
Referred to the House Committee on Foreign Affairs.
Jan 9, 2025
Introduced in House
 Plain-English summary Congressional Research Service

Revoke Exemptions for Venezuelan Oil to Curb Autocratic Repression Act of 2025 or the REVOCAR Act of 2025

This bill prohibits U.S. investment in Venezuela's energy sector.

Specifically, the bill prohibits any transaction by a U.S. person (individual or entity) to invest, trade, or operate within Venezuela's energy sector and any transaction that attempts to evade such prohibition. This prohibition includes the provision of goods, services, or finance to (1) Venezuela's state-owned oil and natural gas company (Petroleos de Venezuela, S.A.), its subsidiaries, representatives, or related companies; or (2) the regime of Nicolas Maduro or any nondemocratic successor government in Venezuela. 

The prohibitions of this bill terminate on the earlier of December 31, 2027, or the date the President submits a determination to Congress that the Maduro regime has recognized the July 28, 2024, electoral victory of Edmundo Gonzalez and relinquished power to the democratically elected government.

The President may waive these prohibitions on a case-by-case basis for not more than 90 days after determining such a waiver is vital to U.S. national security interests and submitting a report to Congress. Such waivers may be renewed.

What's happening now January 9, 2025

Referred to the House Committee on Foreign Affairs.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1