To exclude from admission to the United States aliens who have made investments contributing to the enhancement of the ability of Cuba to develop its petroleum resources, and for other purposes.

H.R. 5292 is a legislative proposal designed to discourage foreign investment in Cuba’s oil and gas industry by imposing travel and financial penalties on those who provide significant support to the sector. The bill would deny entry into the United States for any foreign national—including their spouses and minor children—who is a high-level executive or controlling shareholder of a company that invests $1 million or more in developing Cuba's offshore petroleum resources. Additionally, the bill requires the President to impose economic sanctions, such as restricting export licenses or bank loans, against individuals or entities that make these investments.

For the average citizen, the practical impact of this bill would be an escalation of the long-standing U.S. economic embargo on Cuba, specifically targeting the energy sector to prevent the Cuban government from gaining new revenue streams. While the bill includes exceptions for medical emergencies or legal proceedings, its primary effect is to use U.S. visa and trade policy to deter international companies from partnering with Cuba for deepwater drilling or resource extraction.