REVOCAR Act of 2025

The REVOCAR Act of 2025 would ban U.S. persons and entities from investing in, trading with, or operating within Venezuela's energy sector. This prohibition would apply to transactions involving Venezuela's state-owned oil and natural gas company (PDVSA) and its subsidiaries, as well as any dealings with the Maduro regime or successor nondemocratic governments. The restrictions would also cover the provision of goods, services, or financing related to Venezuelan energy operations.

The bill's restrictions would remain in effect until either December 31, 2027, or until the President determines and certifies to Congress that the Maduro regime has recognized the July 28, 2024 electoral victory of Edmundo Gonzalez and transferred power to the democratically elected government. The President would retain the ability to waive these prohibitions on a case-by-case basis for up to 90 days at a time if deemed vital to U.S. national security interests, with the option to renew such waivers. The bill is currently in committee and has not yet been voted on by the full House.