Prohibiting Oil Trade with Venezuela’s Tyrant Act

Bill: 117-hr-7023
Sponsor: full_name: Rep. Franklin, C. Scott [R-FL-15]
Introduced: 2022-03-09
Policy area: Foreign Trade and International Finance
Subjects: Congressional oversight

Detention of persons

Elections, voting, political campaign regulation

Human rights

Latin America

Oil and gas

Presidents and presidential powers, Vice Presidents

Protest and dissent

Trade restrictions

Venezuela
Latest action: action_date: 2022-03-09
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2022-03-09
action_desc: Introduced in House
text: <p><strong>Prohibiting Oil Trade with Venezuela's Tyrant Act</strong></p> <p>This bill requires the President to prohibit the importation of petroleum products from Venezuela. <em>Petroleum product</em> means crude oil, residual fuel oil, or any refined petroleum product, including natural gas liquid product.</p> <p>Further, the bill authorizes the President to use appropriate authorities to impose civil or criminal penalties as necessary to enforce the prohibition.</p> <p>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.</p>

tv_txt: I 117th CONGRESS 2d Session H. R. 7023 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.

1. Short title This Act may be cited as the Prohibiting Oil Trade with Venezuela’s Tyrant Act . 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.