,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #cbh  ,,in ,,the ,,house ,,of   
,,representatives  ,january #i1         
#bjbe,ms4 ,wasserman ,schultz 7for      
herself and ,ms4 ,salazar7 introduced   
the following bill2 which was referred  
to the ,committee on ,foreign ,affairs  
,a ,,bill  ,to immediately halt         
investment by ,united ,states persons in
 the energy sector of ,venezuela until  
the legitimate results of the ,july #bh1
 #bjbd1 election are respected4  #a4    
,short title ,this ,act may be cited as 
the ,revoke ,exemptions for ,venezuelan 
,oil to ,curb ,autocratic ,repression   
,act of #bjbe or the ,,revocar ,act of  
#bjbe4  #b4 ,findings ,congress makes   
the following findings3 7#a7 ,on ,july  
#bh1 #bjbd1 more than #aj1jjj1jjj       
citizens of ,venezuela voted in a       
presidential election in which          
meticulously documented and publicized  
data from credible election monitors    
clearly and convincingly showed that    
opposition candidate ,edmundo ,gonzalez 

received more than two-thirds of the    
votes against the regime of ,nicolas    
,maduro4  7#b7 ,the ,maduro regime has  
refused to respect the overwhelming     
choice of the people of ,venezuela and  
subsequently arrested and abused        
thousands of innocent citizens of       
,venezuela1 including children1 for     
peaceful political participation4  #c4  
,prohibition on investment by ,united   
,states persons in energy sector of     
,venezuela until the legitimate results 
of the ,july #bh1 #bjbd1 election are   
respected  7a7 ,prohibition  7#a7 ,in   
general ,beginning on the date of the   
enactment of this ,act1 the following   
transactions are prohibited3 7,a7 ,any  
transaction by a ,united ,states person1
 or an entity owned or controlled by a  
,united ,states person1 to invest1      
trade1 or operate within the energy     
sector of ,venezuela1 including the     
provision of goods1 services1 or finance
 to-- 7i7 ,petroleos de ,venezuela1     
,s4,a41 or subsidiaries1                

representatives1 or related companies of
 ,petroleos de ,venezuela1 ,s4,a42 or   
7ii7 the regime of ,nicolas ,maduro or  
any nondemocratic successor government  
in ,venezuela4  7,b7 ,any transaction   
that evades or avoids1 has the purpose  
of evading or avoiding1 causes a        
violation of1 or attempts to violate the
 prohibition under subparagraph 7,a74   
7#b7 ,applicability ,the prohibitions   
under paragraph 7#a7 shall apply-- 7,a7 
to the extent provided by law and       
regulations1 orders1 directives1 or     
licenses that may be issued pursuant to 
this section2 and  7,b7 notwithstanding 
any contract entered into or any license
 or permit granted before the date of   
the enactment of this ,act4  7b7        
,implementation2 penalties  7#a7        
,implementation  7,a7 ,in general ,the  
,secretary of the ,treasury1 in         
consultation with the ,secretary of     
,state1 may take such actions1 including
 prescribing regulations1 as are        
necessary to implement this section4    

7,b7 ,,ieepa authorities ,the ,secretary
 of the ,treasury may exercise the      
authorities provided to the ,president  
under sections #bjc and #bje of the     
,international ,emergency ,economic     
,powers ,act 7#ej ,u4,s4,c4 #agjb and   
#agjd7 to the extent necessary to carry 
out this section4  7#b7 ,penalties ,a   
person that violates1 attempts to       
violate1 conspires to violate1 or causes
 a violation of subsection 7a7 or any   
regulation1 license1 directive1 or order
 issued to carry out that subsection    
shall be subject to the penalties set   
forth in subsections 7b7 and 7c7 of     
section #bjf of the ,international      
,emergency ,economic ,powers ,act 7#ej  
,u4,s4,c4 #agje7 to the same extent as a
 person that commits an unlawful act    
described in subsection 7a7 of that     
section4  7c7 ,responsibility of other  
agencies ,all agencies of the ,united   
,states ,government shall take all      
appropriate measures within their       
authority to carry out the provisions of

 this section4  7d7 ,termination of     
prohibition ,the prohibitions under     
subsection 7a7 shall terminate on the   
earlier of-- 7#a7 on the date on which  
the ,president submits to ,congress a   
determination that the regime of        
,nicolas ,maduro has recognized the     
,july #bh1 #bjbd1 electoral victory of  
,edmundo ,gonzalez and relinquished     
power to the legitimately democratically
 elected government in ,venezuela2 or   
7#b7 ,december #ca1 #bjbg4  7e7 ,waiver 
authority  7#a7 ,in general ,the        
,president may waive1 on a case-by-case 
basis and for a period of not more than 
#ij days1 the prohibitions under        
subsection 7a7 not less than #cj days   
after the ,president determines and     
reports to the appropriate congressional
 committees that it is vital to the     
national security interests of the      
,united ,states to waive such sanctions4
  7#b7 ,renewal of waivers ,the         
,president may1 on a case-by-case basis1
 renew a waiver under paragraph 7#a7 for

 an additional period of not more than  
#ij days if1 not later than #ae days    
before that waiver expires1 the         
,president makes the determination and  
submits to the appropriate congressional
 committees a report described in       
paragraph 7#a74  7#c7 ,content of waiver
 reports ,each report submitted under   
this subsection in connection with a    
waiver of the prohibitions under        
subsection 7a71 or the renewal of such a
 waiver1 shall include-- 7,a7 a specific
 and detailed rationale for the         
determination that the waiver is vital  
to the national security interests of   
the ,united ,states2  7,b7 a description
 of the transaction or type of          
transaction prohibited by this ,act that
 will be permitted1 including a list of 
prohibited foreign entities that are    
determined to be involved in the        
transaction or type of transaction2     
7,c7 an explanation of any efforts made 
by the ,united ,states to restrict      
financial flows to the regime of        

,nicolas ,maduro in order to constrain  
his ability to repress the ,venezuelan  
people2 and  7,d7 an assessment of the  
impact of waiving the prohibitions under
 subsection 7a7 on-- 7i7 the probability
 of achieving a democratic transition in
 ,venezuela as described in subsection  
7d77#a72  7ii7 the financial resources  
available to the regime of ,nicolas     
,maduro or any nondemocratic successor  
government in ,venezuela2 and  7iii7 the
 ability of the regime of ,nicolas      
,maduro or any nondemocratic successor  
government in ,venezuela to violate     
human rights1 engage in repression1 or  
threaten the interests of the ,united   
,states4  7#d7 ,appropriate             
congressional committees defined ,in    
this subsection1 the term appropriate   
congressional committees means-- 7,a7   
the ,committee on ,foreign ,affairs of  
the ,house of ,representatives2  7,b7   
the ,committee on ,foreign ,relations of
 the ,senate2  7,c7 the ,committee on   
,appropriations of the ,house of        

,representatives2 and  7,d7 the         
,committee on ,appropriations of the    
,senate4  7f7 ,united states person     
defined ,in this section1 the term      
,united ,states person means-- 7#a7 a   
,united ,states citizen or alien        
lawfully admitted for permanent         
residence to the ,united ,states2  7#b7 
any entity organized under the laws of  
the ,united ,states or any jurisdiction 
within the ,united ,states 7including a 
foreign branch of any such entity72 and 
7#c7 any person physically located in   
the ,united ,states4