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To authorize the Development Finance Corporation to invest in Venezuela.

USA119th CongressHR-8974| House 
| Updated: 5/21/2026
Darrell Issa

Darrell Issa

Republican Representative

California

Cosponsors (1)
Maria Elvira Salazar (Republican)

Foreign Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill seeks to enable the Development Finance Corporation (DFC) to undertake investments within the Bolivarian Republic of Venezuela. It proposes to achieve this by amending Section 1402(3) of the BUILD Act of 2018, specifically by striking a subparagraph that likely designates Venezuela as a country where DFC investments are restricted. By removing this restriction and redesignating subsequent provisions, the bill clears a significant hurdle for DFC engagement. Additionally, it explicitly grants the DFC the authority to invest in Venezuela, ensuring this power supersedes any other conflicting legal provisions and thereby facilitating U.S. development finance activities in the nation.
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Timeline
May 21, 2026
Introduced in House
May 21, 2026
Referred to the House Committee on Foreign Affairs.
  • May 21, 2026
    Introduced in House


  • May 21, 2026
    Referred to the House Committee on Foreign Affairs.

International Affairs

To authorize the Development Finance Corporation to invest in Venezuela.

USA119th CongressHR-8974| House 
| Updated: 5/21/2026
This bill seeks to enable the Development Finance Corporation (DFC) to undertake investments within the Bolivarian Republic of Venezuela. It proposes to achieve this by amending Section 1402(3) of the BUILD Act of 2018, specifically by striking a subparagraph that likely designates Venezuela as a country where DFC investments are restricted. By removing this restriction and redesignating subsequent provisions, the bill clears a significant hurdle for DFC engagement. Additionally, it explicitly grants the DFC the authority to invest in Venezuela, ensuring this power supersedes any other conflicting legal provisions and thereby facilitating U.S. development finance activities in the nation.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 21, 2026
Introduced in House
May 21, 2026
Referred to the House Committee on Foreign Affairs.
  • May 21, 2026
    Introduced in House


  • May 21, 2026
    Referred to the House Committee on Foreign Affairs.
Darrell Issa

Darrell Issa

Republican Representative

California

Cosponsors (1)
Maria Elvira Salazar (Republican)

Foreign Affairs Committee

International Affairs

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted