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
Introduced in House
Referred to the House Committee on Foreign Affairs.
Introduced in House
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.