Federal SB3685 prohibits taxpayer funds from reimbursing capital expenditures in Venezuela's oil and gas sector.
Federal SB3685, the No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act, prohibits the use of federal funds to reimburse capital expenditures in the oil and gas sector of Venezuela. This includes expenditures made by U.S. citizens, permanent resident aliens, and corporations. The bill defines "qualified capital expenditure" as any investment in the oil and gas sector of the Bolivarian Republic of Venezuela or its legal successor.
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