Contact Congress about H.R. 7038: Protecting Taxpayers from Risky Investments in Venezuela Act

U.S. agencies could not use public money or official support to help Venezuela's oil sector grow or stay running. Congress could allow an exception later, but only through a new, specific law. The State Department would report to Congress each year on compliance.

Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.

Protecting Taxpayers from Risky Investments in Venezuela Act is a House bill in committee. The latest recorded action: Referred to the House Committee on Foreign Affairs.

Latest action on H.R. 7038: Referred to the House Committee on Foreign Affairs.

Who this affects: This bill mainly affects U.S. agencies, U.S. officials working in foreign policy or international finance, and anyone seeking U.S. government support for Venezuela oil projects. It also affects Congress, because lawmakers would get yearly reports and would have to pass a new law to allow any specific exception.

Why this matters: This bill matters because it would decide how far the U.S. government can go in supporting Venezuela's oil industry with public money or official influence. It could reduce U.S. exposure to risky oil investments in Venezuela, but it could also limit U.S. flexibility if future conditions change. The yearly reports would give Congress a regular way to monitor what agencies are doing.

Key provisions in H.R. 7038

• The ban would reach every U.S. department and agency. It would also cover any account the United States owns, controls, or can use, including through someone acting for the U.S. government.
• Federal resources could not help Venezuela's oil and petroleum sector grow or stay running. The bill bars financing, subsidies, insurance, guarantees, contracts, and other support for development, upkeep, or expansion.
• The bill covers hands-on work on Venezuela oil and gas infrastructure. That includes building, installing, making, upgrading, repairing, or permanently improving it.
• Federal money could not pay for related property or financial help. That includes land purchases, insurance costs, loan guarantees, tax breaks, royalty relief, and payments to people or companies.
• U.S. officials could not promote Venezuela's oil sector in global settings. The ban applies in international financial institutions, multilateral organizations, and diplomatic forums.

How Modern Action helps you take action on H.R. 7038

You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.

Questions people ask about H.R. 7038

What is H.R. 7038?

U.S. agencies could not use public money or official support to help Venezuela's oil sector grow or stay running. Congress could allow an exception later, but only through a new, specific law. The State Department would report to Congress each year on compliance.

How do I support or oppose H.R. 7038?

Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.

Who should I contact about H.R. 7038?

Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.

Can Modern Action explain H.R. 7038 before I act?

Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.