To authorize the Development Finance Corporation to invest in Venezuela.

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.