Senator Reintroduces Bill to Halt US Investment in Venezuela’s Energy Sector
Senate Minority Whip Dick Durbin, D-Ill., reintroduced a bill Jan. 27 to end all U.S. petroleum cooperation and petroleum-related trade with Venezuela until that country's ruler, Nicolas Maduro, concedes he lost Venezuela's recent presidential election.
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“The entrenched regime clings to power using oil revenues, some of them from the United States,” Durbin said in a Senate floor speech. “Under my bill, that comes to an end. President [Donald] Trump and Secretary [of State Marco] Rubio could also take this step right now without my legislation, but maybe the bill will be a reminder that this is a good idea.”
Durbin previously introduced the Halt All United States Investments in Venezuela’s Energy Sector Act in September, in the last Congress (see 2409090049). Reps. Debbie Wasserman Schultz, D-Fla., and Maria Salazar, R-Fla., reintroduced similar legislation in the House this month (see 2501090025).