This bill seeks to immediately halt investment by United States persons in Venezuela's energy sector. It specifically prohibits petroleum-related transactions that were previously allowed under the October 2023 Barbados Agreement or certain Office of Foreign Assets Control (OFAC) General Licenses. This measure is enacted in response to the Maduro regime's refusal to acknowledge the results of the July 28, 2024, presidential election, which findings indicate showed a decisive victory for opposition candidate Edmundo Gonzalez. The prohibition will remain in effect until the President determines that the Maduro regime has recognized the 2024 election results and relinquished power to a legitimately elected or agreed-upon transitional government. The President may waive these prohibitions for national security interests, provided a report is submitted to Congress. Violations of these prohibitions are subject to penalties under the International Emergency Economic Powers Act, with the Secretary of the Treasury responsible for implementation.