No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act

In this section:

The term capital expenditure means any amount paid for new buildings or for permanent improvements or betterments made to increase the value of any property or estate.

The term person means—

(A) any United States citizen or alien admitted for permanent residence in the United States; and

(B) any foreign or domestic corporation, partnership, or other organization.

The term qualified capital expenditure means a capital expenditure made in the oil and gas sector located in the Bolivarian Republic of Venezuela, or a legal successor.

Notwithstanding any other provision of law, no funds may be obligated, expended, or otherwise made available from the Treasury of the United States or any account owned, controlled, or accessible by the United States or a person acting on behalf of the United States for the payment of reimbursements for qualified capital expenditures by a person.