S. 261 seeks to block investments by U.S. individuals and companies in Venezuela's energy sector until the results of the July 28, 2024, election are honored by Nicolas Maduro’s regime. The bill outlines specific transactions that are prohibited, includes exceptions for...
Simple Explanation
S. 261 is a rule that stops people and businesses in America from putting money into Venezuela's energy businesses until the current leader, Nicolas Maduro, agrees that a different person won an election there. If he agrees or shares power with the opposition, the rule goes away.