BOLIVAR Act

To prohibit contracting with persons that have business operations with the Maduro regime, and for other purposes. 1. Short title This Act may be cited as the Banning Operations and Leases with the Illegitimate Venezuelan Authoritarian Regime Act BOLIVAR Act 2. Prohibition on contracting with persons that have business operations with the Maduro regime (a) Prohibition Except as provided under subsections (c), (d), and (e), the head of an executive agency may not enter into a contract for the procurement of goods or services with any person that has business operations with an authority of the government of Venezuela that is not recognized as the legitimate government of Venezuela by the United States Government. (b) Exceptions (1) In general The prohibition under subsection (a) does not apply to a contract that the head of an executive agency and the Secretary of State jointly determine— (A) is necessary— (i) for purposes of providing humanitarian assistance to the people of Venezuela; (ii) for purposes of providing disaster relief and other urgent life-saving measures; or (iii) to carry out noncombatant evacuations; or (B) is vital to the national security interests of the United States. (2) Notification requirement The head of an executive agency shall notify each appropriate congressional committee, the Committee on Foreign Affairs of the House of Representatives, and the Committee on Foreign Relations of the Senate of any contract entered into on the basis of an exception provided for under paragraph (1). (c) Office of foreign assets control licenses The prohibition in subsection (a) shall not apply to a person that has a valid license to operate in Venezuela issued by the Office of Foreign Assets Control of the Department of the Treasury. (d) American diplomatic mission in Venezuela The prohibition in subsection (a) shall not apply to contracts related to the operation and maintenance of the United States Government’s consular offices and diplomatic posts in Venezuela. (e) Definitions In this section: (1) Business operations The term business operations (2) Executive agency The term executive agency (3) Government of Venezuela The term government of Venezuela agency or instrumentality of the Government of Venezuela a foreign state Venezuela (4) Person The term person (A) a natural person, corporation, company, business association, partnership, society, trust, or any other nongovernmental entity, organization, or group; (B) any governmental entity or instrumentality of a government, including a multilateral development institution (as defined in section 1701(c)(3) of the International Financial Institutions Act ( 22 U.S.C. 262r(c)(3) (C) any successor, subunit, parent entity, or subsidiary of, or any entity under common ownership or control with, any entity described in subparagraph (A) or (B). (f) Applicability This section shall apply with respect to any contract entered into on or after the date of the enactment of this section.

Summary: Banning Operations and Leases with the Illegitimate Venezuelan Authoritarian Regime Act or the BOLIVAR Act This bill prohibits an executive agency from entering into a contract for the procurement of goods or services with any person that has business operations with the Maduro regime in Venezuela. The bill lists exceptions, including where vital to U.S. national security or as necessary for purposes of providing humanitarian assistance, disaster relief and other urgent lifesaving measures, or to carry out noncombatant evacuations.