# 119-s-3621: Protecting Taxpayers from Risky Investments in Venezuela Act

119-s-3621, Protecting Taxpayers from Risky Investments in Venezuela Act, is a 119th Congress bill sponsored by Sen. Merkley, Jeff [D-OR] (D-OR); status introduced (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-3621
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-3621
- Congress: 119
- Title: Protecting Taxpayers from Risky Investments in Venezuela Act
- Status: introduced
- Introduced: 2026-01-13
- Sponsor: Sen. Merkley, Jeff [D-OR] (D-OR)
- Cosponsors: 6
- Policy area: International Affairs
- Touches household money: no
- Last recorded action: 2026-04-21

## Summary

**Blocks U.S. government funds from supporting Venezuela's oil sector.** It would ban U.S. funds and official advocacy that finance, insure, guarantee, or otherwise support the development, maintenance, or expansion of oil infrastructure in Venezuela. - Federal departments and agencies would be barred from using any appropriated or otherwise available U.S. funds to finance, subsidize, insure, guarantee, contract for, or otherwise support Venezuela's oil infrastructure. - U.S. officials would be prohibited from advocating, promoting, or otherwise supporting Venezuela's petroleum sector at international financial institutions, multilateral organizations, or diplomatic forums. - U.S. funds could not be used to purchase real property, provide insurance, offer loan guarantees, grant tax incentives or royalty relief, or make payments to individuals or corporations tied to Venezuela's oil sector. - The Secretary of State would have to report to six congressional committees within 180 days and annually after that, describing any related expenditures or activities and certifying compliance.

## Cosponsors (6)

- Sen. Kaine, Tim [D-VA] (D-VA), 2026-01-13T00:00:00.000Z
- Sen. Sanders, Bernard [I-VT] (I-VT), 2026-01-13T00:00:00.000Z
- Sen. Wyden, Ron [D-OR] (D-OR), 2026-01-13T00:00:00.000Z
- Sen. Van Hollen, Chris [D-MD] (D-MD), 2026-01-13T00:00:00.000Z
- Sen. Alsobrooks, Angela D. [D-MD] (D-MD), 2026-01-13T00:00:00.000Z
- Sen. Welch, Peter [D-VT] (D-VT), 2026-01-13T00:00:00.000Z

## Provisions PRIA read

- Annual State Department reporting on Venezuela oil: benefit, low. If enacted, the Secretary of State would have to send a report to six congressional committees within 180 days and then every year. Each report would describe any expenditures or activities tied to Venezuela's oil infrastructure or petroleum sector. The Secretary would also have to certify whether…
- Ban on U.S. support for Venezuelan oil: benefit, low. If enacted, federal agencies and any U.S.-controlled accounts would not be able to use funds to support Venezuela's oil sector. This would bar financing, subsidies, insurance, guarantees, contracts, or other support for building, repairing, or improving oil or gas infrastructure in Venezuela. It wo…

## Related bills

- 119-s-2763: Keep Billionaires Out of Social Security Act
- 119-s-3869: Healthy Families Act
- 119-s-51: Washington, D.C. Admission Act
- 119-s-5108: Right to IVF Act of 2026
- 119-s-1503: Equality Act
- 119-s-2819: Head Start for America's Children Act

## Sources
- [119-s-3621 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3621)

## Related
- [119-s-2763: Keep Billionaires Out of Social Security Act](https://policyrisk.com/legislation/119-s-2763)
- [119-s-3869: Healthy Families Act](https://policyrisk.com/legislation/119-s-3869)
- [119-s-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-s-51)
- [119-s-5108: Right to IVF Act of 2026](https://policyrisk.com/legislation/119-s-5108)
- [119-s-1503: Equality Act](https://policyrisk.com/legislation/119-s-1503)
- [119-s-2819: Head Start for America's Children Act](https://policyrisk.com/legislation/119-s-2819)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3621 (as of 2026-04-21).