Luke Vargas

That's after the president met with oil executives at the White House on Friday, where Exxon chief executive Darren Woods said that Venezuela is currently, quote, uninvestable.

That was Trump there speaking to reporters on Air Force One last night.

Wood said significant changes to Venezuela's commercial frameworks, legal system, and hydrocarbon laws were needed, but also expressed confidence that the Trump administration and Venezuelan government would work together to put those changes in place.

The president has been pushing American energy companies to invest in Venezuela, saying the U.S.

would provide security guarantees.

We are exclusively reporting that House Republicans are backing a stock trading crackdown that would prohibit members of Congress from buying individual stocks.

The draft bill set to be introduced today would address concerns about lawmakers potentially profiting from insider trading.

Under the plan, lawmakers would still be allowed to buy and sell diversified investment funds and wouldn't be required to sell any stocks they already own, but they would have to file a public notice ahead of selling an individual stock.

The proposal would also boost penalties if lawmakers fail to follow the guidelines.

And shares of America's leading banks are trending lower today, after President Trump on Friday called for a 10 percent cap on credit card interest rates.

Credit card rates average around 23 percent, according to the Federal Reserve.

Borrowers in lower- and middle-income households would benefit the most from a 10 percent cap, but experts say they'd also be the first ones that banks would stop lending to.

The American Bankers Association and other industry groups said that Trump's proposal would hurt families and small business owners by driving them toward less regulated alternatives.

And that's it for What's News for this Monday morning.

Today's show was produced by Hattie Moyer and Daniel Bach, our supervising producer with Sandra Kilhoff.

And I'm Luke Vargas for The Wall Street Journal.

We will be back tonight with a new show.

Until then, thanks for listening.

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