HR8974Referred to Committee
To authorize the Development Finance Corporation to invest in Venezuela.
Introduced
In Committee
3
Passed One Chamber4
Passed Both5
Signed into Law119th
Congress
2026-05-21
Introduced
1
Cosponsors
HR
ⓘType
Sponsor
Darrell Issa
Republican · CA · Representative
Votes with party: 97.3% (547 recorded votes)
Full profile: /officials/I000056
Source: Congress.gov · FEC
Cosponsors (1)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Committee Activity
Currently in
- House Committee on Foreign AffairsReferred To · 2026-05-21
Plain-English Summary
The proposal would allow the U.S. Development Finance Corporation, a government agency that invests in businesses and projects abroad, to put money into Venezuelan companies and ventures. This would enable American investment in Venezuela's economy, potentially supporting businesses and economic development there, though it would require congressional approval and oversight. The measure affects American investors, Venezuelan businesses, and U.S. foreign policy toward Venezuela.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
Subjects
International Affairs
Full Bill Text
Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.
[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8974 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8974 To authorize the Development Finance Corporation to invest in Venezuela. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 21, 2026 Mr. Issa (for himself and Ms. Salazar) introduced the following bill; which was referred to the Committee on Foreign Affairs _______________________________________________________________________ A BILL To authorize the Development Finance Corporation to invest in Venezuela. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. AUTHORIZATION TO INVEST IN VENEZUELA. (a) Removal as Country of Concern.--Section 1402(3) of the BUILD Act of 2018 (22 U.S.C. 9601(3)) is amended-- (1) by striking subparagraph (A); and (2) by redesignating subparagraphs (B) through (G) as subparagraphs (A) through (F), respectively. (b) Investment Authority.--Notwithstanding any other provision of law, the Development Finance Corporation may invest in the Bolivarian Republic of Venezuela. <all>
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