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H.R. 8974

U.S. House•In House Committee

Summary

H.R. 8974, to authorize the Development Finance Corporation to invest in Venezuela, was introduced in the House on May 21, 2026 by Rep. Darrell Issa (R) with 1 co-sponsor. It was referred to Foreign Affairs, and last saw action on May 21, 2026: Referred to the House Committee on Foreign Affairs.

Record

Text

H.R. 8974 has 1 co-sponsor.

hb8974/introduced-in-house.txt
119 HR 8974 IH: To authorize the Development Finance Corporation to invest in Venezuela.
 U.S. House of Representatives
 2026-05-21
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  2d Session  H. R. 8974  IN THE HOUSE OF REPRESENTATIVES   May 21, 2026   Mr. Issa  (for himself and  Ms. Salazar ) introduced the following bill; which was referred to the  Committee on Foreign Affairs    A BILL
To authorize the Development Finance Corporation to invest in Venezuela.
1.
Authorization to invest in Venezuela
(a)
Removal as country of concern
Section 1402(3) of the BUILD Act of 2018 ( 22 U.S.C. 9601(3) ) is amended—
(1)
by striking subparagraph (A); and
(2)
by redesignating subparagraphs (B) through (G) as subparagraphs (A) through (F), respectively.
(b)
Investment authority
Notwithstanding any other provision of law, the Development Finance Corporation may invest in the Bolivarian Republic of Venezuela.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2026-05-21
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

To authorize the Development Finance Corporation to invest in Venezuela.

Sponsors

Rep. Darrell Issa (R) sponsors H.R. 8974, and 1 member has co-sponsored it from the day it was introduced.

Committees

H.R. 8974 went before 1 committee: Foreign Affairs.

Foreign Affairs
Foreign Affairs
Referred To · May 21, 2026 · 658 Bills

Actions

H.R. 8974 has taken 2 actions since May 21, 2026.

ChamberAction
May 21, 2026
House
Introduced in House
May 21, 2026
House
Referred to the House Committee on Foreign Affairs.Foreign Affairs Committee

Votes

H.R. 8974 has not gone to a roll call.

Titles

H.R. 8974 goes by 2 titles.

  • To authorize the Development Finance Corporation to invest in Venezuela. — Official Title as Introduced
  • To authorize the Development Finance Corporation to invest in Venezuela. — Display Title

Classification

The Congressional Research Service files H.R. 8974 under International Affairs, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 8974’s is International Affairs.

hr8974/policy-areas.txt
International AffairsAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 8974, as entered in the Congressional Record.

[Congressional Record Volume 172, Number 87 (Thursday, May 21, 2026)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ISSA:H.R. 8974.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18 of the United StatesConstitution[Page H3725]

Source: congress.gov · legiscan.com