II 

118TH CONGRESS 

1ST SESSION S. 3159 

To establish a Venezuela Restoration Fund, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

OCTOBER 26, 2023 

Mr. CRUZ (for himself, Mr. RUBIO, Mr. BARRASSO, Mr. SCOTT of Florida, Mr. 

YOUNG, Mr. RICKETTS, and Mr. HAGERTY) introduced the following bill; 

which was read twice and referred to the Committee on Foreign Relations 

A BILL 

To establish a Venezuela Restoration Fund, and for other 

purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Preserving Account5 ability for National Assets Act of 2023’’ or the ‘‘PANA 

6 Act of 2023’’. 

7 SEC. 2. VENEZUELA RESTORATION FUND. 

8 (a) ESTABLISHMENT.—There is established in the 

9 United States Treasury a fund, to be known as the ‘‘VenVerDate Sep 11 2014 21:02 Oct 31, 2023 Jkt 049200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S3159.IS S3159

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1 ezuela Restoration Fund’’, which shall consist of amounts 

2 deposited in the Fund under subsection (c). 

3 (b) USES.—Amounts in the Fund— 

4 (1) shall be available to the Secretary of State 

5 only for the purposes described in paragraph (2), 

6 without fiscal year limitation or need for subsequent 

7 appropriation; 

8 (2) shall be used only for the purposes of— 

9 (A) strengthening democratic governance 

10 and institutions, including the democratically 

11 elected National Assembly of Venezuela; 

12 (B) defending internationally recognized 

13 human rights for the people of Venezuela, in14 cluding support for efforts to document crimes 

15 against humanity and violations of human 

16 rights; 

17 (C) supporting the efforts of independent 

18 media outlets to broadcast, distribute, and 

19 share information beyond the limited channels 

20 made available by the Maduro regime; and 

21 (D) combatting corruption and improving 

22 the transparency and accountability of institu23 tions that are part of the Maduro regime; 


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1 (3) may support governmental and nongovern2 mental parties in advancing the purposes described 

3 in paragraph (2); and 

4 (4) shall be allocated in a manner complemen5 tary to existing United States foreign assistance, di6 plomacy, and anti-corruption activities. 

7 (c) FUNDING.—Beginning on or after the date of the 

8 enactment of this Act, notwithstanding any other provi9 sion of law, in the case of any funds or assets forfeited 

10 to the United States by an individual or entity connected 

11 to the regimes of Hugo Cha ́vez and Nicola ́s Maduro in 

12 Venezuela, the funds or assets will be deposited in the 

13 Venezuela Restoration Fund established under subsection 

14 (a). 

15 (d) REPORTING.—Not later than 1 year after the 

16 date of the enactment of this Act and not less frequently 

17 than annually thereafter, the Secretary of State shall sub18 mit a report to the appropriate congressional committees 

19 that includes— 

20 (1) an accounting of the amount and sources of 

21 funds that have been deposited into the Venezuela 

22 Restoration Fund; and 

23 (2) a summary of the obligation, amounts, and 

24 expenditure of such funds. 

Æ 


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