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Main Subject: Foreign Trade and International Finance

Prohibit Venezuelan Oil Importation Act

This bill requires the President to prohibit the importation of petroleum products from Venezuela. Petroleum product means crude oil, residual fuel oil, or any refined petroleum product, including natural gas liquid product.

The President may modify or remove the prohibition for some or all petroleum products only if specified conditions are met. Among these conditions, the President must (1) reimplement and maintain sanctions imposed against Venezuela's state-owned oil company, Petroleos de Venezuela, S.A.; (2) renew the authorization of the Keystone XL pipeline to import oil from Canada; and (3) resume oil and gas leasing on federal land.

Additionally, the bill authorizes the President to use appropriate authorities to impose civil or criminal penalties as necessary to enforce the prohibition.

Categories

Administrative law and regulatory procedures Air quality Alaska Arctic and polar regions Arizona Canada Civil actions and liability Coal Conflicts and wars Congressional oversight Energy Energy revenues and royalties Energy storage, supplies, demand Environmental Protection Agency (EPA) Environmental assessment, monitoring, research Environmental regulatory procedures Europe Foreign aid and international relief Foreign and international corporations Energy storage supplies demand Environmental assessment monitoring research Foreign Trade and International Finance

House floor actions Actions

IntroReferral

Mar. 24
2022

Referred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Library of Congress Actions

IntroReferral
Mar. 24 2022	Introduced in House Introduced in House

House bill HR7207-117

To prohibit the importation of petroleum products from Venezuela, and for other purposes.

House bill HR7207-117

To prohibit the importation of petroleum products from Venezuela, and for other purposes.

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