Protecting Taxpayers from Risky Investments in Venezuela Act

This legislation, titled the "Protecting Taxpayers from Risky Investments in Venezuela Act," establishes a comprehensive prohibition on the use of United States Government funds to support Venezuela's oil and petroleum infrastructure . It explicitly forbids any department or agency from financing, subsidizing, insuring, guaranteeing, or otherwise supporting the development, maintenance, or expansion of this sector. The prohibition covers a wide range of activities, including the construction, modernization, or repair of oil and gas infrastructure, the purchase of real property, insurance costs, loan guarantees, and any form of advocacy or promotion by U.S. government officials. An important exception allows for expenditures explicitly authorized by an Act of Congress after the bill's enactment. Additionally, the bill mandates that the Secretary of State submit an annual report to appropriate congressional committees. This report must describe any expenditures or activities related to Venezuela's oil infrastructure or petroleum sector and certify the government's compliance with the Act's provisions.