Wasserman Schultz, Salazar Sponsor Bipartisan REVOCAR Act to Defund Maduro’s Repression of Venezuelans

WASHINGTON, D.C. - Today, U.S. Reps. Debbie Wasserman Schultz (FL-25), co-chair of the Congressional Venezuela Democracy Caucus, and María Elvira Salazar (FL-27), Chair of the House Foreign Affairs Subcommittee on the Western Hemisphere, introduced the bipartisan Revoke Exemptions for Venezuelan Oil to Curb Autocratic Repression Act, or REVOCAR Act, to prohibit new and existing licenses for companies to transact with Venezuela's state oil company, which provides revenue for the Maduro regime's crimes against humanity. U.S. Senator Dick Durbin (D-IL) previously introduced a similar bill in the Senate.

"Maduro's brutal regime refuses to honor the undeniable election results, despite clear evidence proving his loss. Rescinding these special licenses, which exclusively serve to subsidize the regime's crony corruption, violent repression, and flagrant human rights abuses, must be part of our international effort to reject Maduro's election theft," said Wasserman Schultz. "If we truly intend to see through a peaceful transition of power and honor the will of the Venezuelan people, we cannot afford to indulge fossil fuel companies' investors at the expense of democracy."

"It's long past time to cut off the flow of money that the Maduro Dictatorship uses to oppress their people," said Salazar. "We are sending a loud and clear message that if Maduro stays, there will be no oil money for the Venezuelan regime."

"Despite the sweeping and clear opposition victory in the recent Venezuelan presidential election, the Maduro regime refused to release results, announced that it had won instead, and arbitrarily arrested thousands of opposition supporters," said Durbin. "We must put an end to the outright theft of the Venezuelan voters' overwhelming choice for a better future. I'm pleased that Reps. Wasserman Schultz and Salazar are introducing the House bill to terminate all U.S. petroleum cooperation and related trade with Venezuela until the legitimate results of the recent election are respected. The Maduro regime clings to power using oil revenues dependent on U.S. involvement. Under our bill, that will end, and so will Maduro's financial strength."

The REVOCAR Act would prohibit U.S. persons and entities from engaging in transactions with PdVSA, Venezuela's regime-controlled energy company, eliminating General Licenses issued by the Treasury Department's Office of Foreign Assets Control (OFAC) that allow certain companies to do business with the Maduro regime. These prohibitions would extend for three years or until the President certifies that a democratic transfer of power to Venezuelan president-elect Edmundo González has taken place.

On July 28, 2024, more than 10,000,000 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 Maduro. 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 Venezuela, including children, for peaceful political participation.

Reps. Wasserman Schultz and Salazar have partnered on recent efforts promoting democracy in Venezuela including the VOICE Act, which would place individual sanctions on anti-democratic officials in the Maduro regime, and the AFFECT Human Rights in Venezuela Act, which would direct U.S. support for international investigations and reporting on the Maduro regime's criminal repression of the Venezuelan people.

The full text of the bill can be found here.

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