Title: Prohibiting Oil Trade with Venezuela’s Tyrant Act
Policy area: Foreign Trade and International Finance

Summary:
Prohibiting Oil Trade with Venezuela's Tyrant 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.
Further, the bill authorizes the President to use appropriate authorities to impose civil or criminal penalties as necessary to enforce the prohibition.
The prohibition shall terminate after the Department of State certifies that Venezuela has held free and fair elections and all political prisoners have been released.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7023 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 7023

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 9, 2022

Mr. C. Scott Franklin of Florida (for himself, Mr. Van Drew, Mrs. Bice 
  of Oklahoma, Mr. Palazzo, Mr. Gibbs, Mr. Gimenez, Ms. Salazar, Mr. 
   Waltz, Mr. Diaz-Balart, Mr. Owens, Mr. Rutherford, Mr. Dunn, Mr. 
  Burchett, Mr. Mast, Mr. LaTurner, Mrs. Cammack, Mr. Murphy of North 
 Carolina, Mr. Banks, Mr. Norman, Mrs. Miller-Meeks, Mr. Donalds, Mr. 
Steube, Mr. Carter of Georgia, and Mr. Hudson) introduced the following 
      bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


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

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Prohibiting Oil Trade with 
Venezuela's Tyrant Act''.

SEC. 2. PROHIBITION ON IMPORTATION OF VENEZUELAN PETROLEUM PRODUCTS.

    (a) Prohibition.--The President shall prohibit the importation of 
all petroleum products (as such term is defined in section 3 of the 
Energy Policy and Conservation Act (42 U.S.C. 6202)) originating from 
Venezuela into the customs territory of the United States (as such term 
is defined in General Note 2 of the Harmonized Tariff Schedule).
    (b) Penalties.--The President is authorized to use appropriate 
authorities to impose such civil or criminal penalties as may be 
necessary to enforce the prohibition under subsection (a).
    (c) Termination.--The prohibition under subsection (a) shall 
terminate on the day after the date on which the President, acting 
through the Secretary of State, certifies to the appropriate 
congressional committees that--
            (1) free and fair elections have taken place in Venezuela; 
        and
            (2) all political prisoners held by Venezuela have been 
        released.
    (d) Appropriate Congressional Committees.--For purposes of this 
section, the term ``appropriate congressional committees'' means--
            (1) the Speaker of the House of Representatives and the 
        President Pro Tempore of the Senate;
            (2) the Committee on Appropriations, the Committee on 
        Foreign Affairs, the Committee on Armed Services, the Committee 
        on Energy and Commerce, and the Permanent Select Committee on 
        Intelligence of the House of Representatives; and
            (3) the Committee on Appropriations, the Committee on 
        Foreign Relations, the Committee on Armed Services, the 
        Committee on Energy and Natural Resources, and the Select 
        Committee on Intelligence of the Senate.
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