White House Policy and the Congressional Landscape for Venezuela

For companies eyeing Venezuela, the loudest signal from Washington is not the lifting of sanctions but the deliberate pace at which it is happening. In this episode of "Global Markets Policy & Power," Senior Policy Advisor Beth Viola and Partners Jim Noe and Ambassador Nathan Sales discuss how the White House and U.S. Departments of the Treasury, State and Energy are coordinating policy toward Venezuela and what Congress is watching. They explain that the administration is rolling out a three-phase recovery process, featuring tailored Office of Foreign Assets Control (OFAC) general licenses and positioning the White House and its Energy Dominance Council as the central front door for industry. They also caution that the clearest green light for capital will come only when Venezuela schedules elections, advising private sector investors and oil and gas companies that though the executive branch will support efforts to engage Venezuela, the transition in Caracas is not yet complete.