119th Congress · introduced in the House · Jan 9, 2025
REVOCAR Act of 2025
Official title from Congress.gov
Latest action (Jan 9, 2025): Referred to the House Committee on Foreign Affairs.
View on Congress.govPolicy area: International Affairs
Congressional Research Service summary, version: Introduced in House (Jan 9, 2025)
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.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Referred to the House Committee on Foreign Affairs.
Introduced in House
Introduced in House
Actions from Congress.gov, newest first.
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
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