IV 
110TH CONGRESS 
1ST SESSION 
H. RES. 560 
Regarding the recent actions of Hugo Chavez and the Government of 
Venezuela. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 19, 2007 
Mr. BARTON of Texas (for himself, Mr. HASTERT, Mr. MACK, Mr. UPTON, 
Mr. BURGESS, Mrs. MYRICK, Mr. RADANOVICH, Mrs. BONO, Mr. BUYER, 
Mr. SULLIVAN, Mr. SESSIONS, Mr. CARTER, Mr. MCCAUL of Texas, Mrs. 
BLACKBURN, Mr. WESTMORELAND, Mr. WALBERG, Mr. PETERSON of 
Pennsylvania, Mr. BURTON of Indiana, Mr. CULBERSON, Mr. DAVID 
DAVIS of Tennessee, Mr. CAMPBELL of California, Mr. ISSA, Mr. FRANKS 
of Arizona, Mr. LAHOOD, Mr. WOLF, Mr. CONAWAY, Mr. PEARCE, Mr. 
DEAL of Georgia, Mr. MCCARTHY of California, Mr. WILSON of South 
Carolina, Mr. GILLMOR, Mr. SAM JOHNSON of Texas, Mrs. DRAKE, Mr. 
FEENEY, Mr. SMITH of Texas, Mr. CALVERT, Mr. STEARNS, Mr. COLE 
of Oklahoma, Mr. TIAHRT, and Mr. SHADEGG) submitted the following 
resolution; which was referred to the Committee on Foreign Affairs 
RESOLUTION 
Regarding the recent actions of Hugo Chavez and the 
Government of Venezuela. 
Whereas the sanctity of contract is fundamental to the global 
economic well being; 
Whereas respect for private property forms the back bone of 
legitimate trade and investment; 
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•HRES 560 IH 
Whereas Hugo Chavez and the regime he controls have un-
justly taken control of majority stakes of Venezuelan op-
erations of 6 major energy companies; 
Whereas Hugo Chavez and the Venezuelan national oil com-
pany, Petroleos de Venezuela, has stripped all operational 
control from the companies that have invested time, 
money, and hard work creating energy development 
projects in Venezuela; 
Whereas American scientists, engineers, and business people 
have provided the talent and capital to create these 
projects benefitting the people of both nations; 
Whereas the shareholders of 2 major American energy com-
panies have been robbed of over $3,500,000,000 in in-
vestments and tens of billions of dollars in potential earn-
ings as a result of these companies having been driven 
from the market; 
Whereas following these events, the companies’ shareholders 
immediately saw a significant loss in the value of their 
investments; 
Whereas these events may produce a strong deterrent to in-
vestment by private energy companies thereby limiting 
the world’s supply of petroleum; 
Whereas according to many energy experts, the cost of devel-
oping these resources has increased and ultimately the 
people of Venezuela will be hurt economically by these de-
cisions; 
Whereas the nationalization of industry is a misguided eco-
nomic model; and 
Whereas the actions of Hugo Chavez continue to threaten 
international energy security: Now, therefore, be it 
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•HRES 560 IH 
Resolved, That the House of Representatives— 
(1) expresses its outrage over the recent actions 
of Hugo Chavez; 
(2) encourages the protection of investment and 
respect for the sanctity of property rights; 
(3) recognizes the hard work and contributions 
of American workers, engineers, and scientists 
abroad, without whom, these projects in Venezuela 
would not exist; 
(4) urges American companies to stand up for 
the property rights of their shareholders in the face 
of unjust practices; and 
(5) urges the United States Government to con-
tinue providing a model of public-private cooperation 
to the world in delivering on the energy needs of its 
citizens. 
Æ 
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