# 119-s-3685: No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act

119-s-3685, No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act, is a 119th Congress bill sponsored by Sen. Bennet, Michael F. [D-CO] (D-CO); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-3685
- 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-3685
- Congress: 119
- Title: No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act
- Status: introduced
- Introduced: 2026-01-15
- Sponsor: Sen. Bennet, Michael F. [D-CO] (D-CO)
- Cosponsors: 6
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**This bill would block taxpayer-funded reimbursements for capital expenditures in Venezuela's oil and gas sector.** It defines "capital expenditure" as payments for new buildings or permanent improvements, and it defines "person" to include U.S. citizens, lawful permanent residents, and organizations. The measure would bar any Treasury funds or accounts owned, controlled, or accessible by the United States or by persons acting for the United States from being used to reimburse those qualified capital expenditures in the Bolivarian Republic of Venezuela. The text contains no exceptions, sunset, or new program or enforcement agency.

## Cosponsors (6)

- Sen. Welch, Peter [D-VT] (D-VT), 2026-01-15T00:00:00.000Z
- Sen. Kaine, Tim [D-VA] (D-VA), 2026-01-15T00:00:00.000Z
- Sen. Van Hollen, Chris [D-MD] (D-MD), 2026-01-15T00:00:00.000Z
- Sen. Reed, Jack [D-RI] (D-RI), 2026-01-15T00:00:00.000Z
- Sen. Hickenlooper, John W. [D-CO] (D-CO), 2026-01-15T00:00:00.000Z
- Sen. Schiff, Adam B. [D-CA] (D-CA), 2026-01-15T00:00:00.000Z

## Provisions PRIA read

- Ban on U.S. reimbursements for Venezuelan oil: cost, low. If enacted, the bill would bar use of any funds from the U.S. Treasury or any account owned, controlled, or accessible by the United States (or by a person acting on its behalf) to pay reimbursements for "qualified capital expenditures" in Venezuela's oil and gas sector. It would define "capital ex…

## Related bills

- 119-s-51: Washington, D.C. Admission Act
- 119-s-5108: Right to IVF Act of 2026
- 119-s-1503: Equality Act
- 119-s-2295: Child Care for Working Families Act
- 119-s-1748: Kids Online Safety Act
- 119-s-5283: Momnibus Act

## Sources
- [119-s-3685 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3685)

## Related
- [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-2295: Child Care for Working Families Act](https://policyrisk.com/legislation/119-s-2295)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-5283: Momnibus Act](https://policyrisk.com/legislation/119-s-5283)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3685 (as of 2026-04-21).