(c) STRATEGY REQUIREMENT.—Not later than 90 
days after the date of the enactment of this Act, the Sec-
retary of State shall submit a strategy for carrying out 
the activities described in subsection (a) to— 
(1) the Committee on Foreign Relations of the 
Senate; 
(2) the Committee on Appropriations of the 
Senate; 
(3) the Committee on Foreign Affairs of the 
House of Representatives; and 
(4) the Committee on Appropriations of the 
House of Representatives. 
(d) AUTHORIZATION OF APPROPRIATIONS.— 
(1) IN GENERAL.—There is authorized to be 
appropriated, to the International Narcotics Control 
and Law Enforcement account, $3,000,000 for fiscal 
year 2019 to carry out the activities set forth in sub-
section (a) in accordance with this section. 
(2) NOTIFICATION REQUIREMENT.— 
(A) IN
GENERAL.—Except as provided 
under subparagraph (B), amounts appropriated 
or otherwise made available pursuant to para-
graph (1) may not be obligated until 15 days 
after the date on which the President provides 
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notice to the committees listed in subsection (c) 
of intent to obligate such funds. 
(B) WAIVER.— 
(i) IN
GENERAL.—The Secretary of 
State may waive the requirement under 
subparagraph (A) if the Secretary of State 
determines that such waiver is in the na-
tional interest of the United States. 
(ii) NOTIFICATION REQUIREMENT.—If 
a waiver is invoked under clause (i), the 
President shall notify the committees listed 
in subsection (c) of the intention to obli-
gate funds under this section as early as 
practicable, but not later than 3 days after 
taking the action to which such notification 
requirement was applicable in the context 
of the circumstances necessitating such 
waiver. 
(e) TRANSFER AUTHORITY.—The Assistant Sec-
retary of State for International Narcotics and Law En-
forcement Affairs may transfer funding to the Assistant 
Secretary of State for Economic and Business Affairs, as 
necessary, to implement the strategy described in sub-
section (c). 
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(f) REPORTING REQUIREMENT.—Not later than 180 
days after the date of the enactment of this Act, and annu-
ally thereafter, the Secretary of State, in consultation with 
the Secretary of Treasury, shall brief the Committee on 
Foreign Relations of the Senate, the Committee on Bank-
ing, Housing, and Urban Affairs of the Senate, the Com-
mittee on Foreign Affairs of the House of Representatives, 
and the Committee on Financial Services of the House of 
Representatives that provides an assessment of the efforts 
to strengthen sanctions capabilities and coordinate inter-
national sanctions in accordance with this section. 
SEC. 403. FINANCIAL SANCTIONS ON VENEZUELAN GOV-
ERNMENT DEBT. 
(a) FINDING.—Executive Order 13808 (82 Fed. Reg. 
41155), which was signed on August 24, 2017, established 
sanctions against the Government of Venezuela’s ability 
to issue public debt. 
(b) DEFINITIONS.—In this section: 
(1) ENTITY.—The term ‘‘entity’’ means a part-
nership, association, trust, joint venture, corpora-
tion, group, subgroup, or other organization. 
(2) GOVERNMENT OF VENEZUELA.—The term 
‘‘Government of Venezuela’’ means the Government 
of Venezuela, any political subdivision, agency, or in-
strumentality of such government, including the 
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Central Bank of Venezuela and Petro´leos de Ven-
ezuela, S.A., and any person owned or controlled by, 
or acting for or on behalf of, such government. 
(3) PERSON.—The term ‘‘person’’ means an in-
dividual or entity. 
(4) 
UNITED
STATES
PERSON.—The 
term 
‘‘United States person’’ means any— 
(A) United States citizen; 
(B) alien lawfully admitted for permanent 
residence to the United States; 
(C) entity organized under the laws of the 
United States or any jurisdiction within the 
United States (including a foreign branch of 
any such entity); and 
(D) any person physically located in the 
United States. 
(c) IN GENERAL.—The President may prohibit, in 
the United States or by a United States person— 
(1) any transaction related to, provision of fi-
nancing for, or other dealing in— 
(A) debt instruments with a maturity of 
greater than 90 days issued by Petro´leos de 
Venezuela, S.A., on or after the date of the en-
actment of this Act; 
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(B) debt instruments with a maturity of 
greater than 30 days or equity issued by the 
Government of Venezuela on or after the date 
of the enactment of this Act, excluding debt in-
struments issued by Petro´leos de Venezuela, 
S.A., that are not covered under subparagraph 
(A); 
(C) bonds issued by the Government of 
Venezuela before the date of the enactment of 
this Act; or 
(D) dividend payments or other distribu-
tions of profits to the Government of Venezuela 
from any entity owned or controlled, directly or 
indirectly, by the Government of Venezuela; 
(2) the direct or indirect purchase of securities 
from the Government of Venezuela, except for— 
(A) securities qualifying as debt instru-
ments issued by Petro´leos de Venezuela, S.A., 
on or after the date of the enactment of this 
Act that are not described in paragraph (1)(A); 
and 
(B) securities qualifying as debt instru-
ments issued by the Government of Venezuela 
on or after the date of the enactment of this 
Act that are not described in paragraph (1)(B); 
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(3) any transaction that evades or avoids, has 
the purpose of evading or avoiding, causes a viola-
tion of, or attempts to violate a prohibition under 
paragraph (1) or (2); and 
(4) any conspiracy to violate a prohibition 
under paragraph (1), (2), or (3). 
(d) SENSE OF CONGRESS.—It is the sense of Con-
gress that the President should waive the prohibitions de-
scribed in subsection (c) if the related debt instruments, 
bonds, or securities have been approved or ratified by the 
democratically 
elected 
National 
Assembly 
of 
the 
Bolivarian Republic of Venezuela. 
(e) IMPLEMENTATION; PENALTIES.— 
(1) IMPLEMENTATION.—The President may ex-
ercise all authorities described in sections 203 and 
205 of the International Emergency Economic Pow-
ers Act (50 U.S.C. 1702 and 1704) to carry out this 
section. 
(2) PENALTIES.—A person that violates, at-
tempts to violate, conspires to violate, or causes a 
violation of this section or any regulation, license, or 
order issued to carry out this section shall be subject 
to the penalties set forth in subsections (b) and (c) 
of section 206 of the International Emergency Eco-
nomic Powers Act (50 U.S.C. 1705) to the same ex-
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ezuela, including engaging in a financial transaction relat-
ing to humanitarian assistance or for humanitarian pur-
poses or transporting goods or services that are necessary 
to carry out operations relating to humanitarian assist-
ance or humanitarian purposes, regardless of whether the 
transactions or provision of humanitarian assistance origi-
nate in, or have a connection to, the United States, shall 
be exempt from sanctions described in sections 402, 405, 
406, and 501 of this Act, the Venezuela Defense of 
Human Rights and Civil Society Act of 2014 (Public Law 
113–278); and Executive Orders 13692 (50 U.S.C. 1701 
note), 13808, 13827, and 13835. 
(c) IMPLEMENTATION.—In carrying out this Act, the 
President may exercise all authorities provided under sec-
tions 203 and 205 of the International Emergency Eco-
nomic Powers Act (50 U.S.C. 1702 and 1704). 
(d) RULE OF CONSTRUCTION.—Nothing in this Act 
may be construed to limit the authority of the President 
under the International Emergency Economic Powers Act 
(50 U.S.C. 1701 et seq.). 
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TITLE 
V—CRYPTOCURRENCY 
SANCTIONS AND ENSURING 
THE 
EFFECTIVENESS 
OF 
UNITED STATES SANCTIONS 
SEC. 501. SANCTIONS ON VENEZUELA’S CRYPTOCURRENCY 
AND THE PROVISION OF RELATED TECH-
NOLOGIES. 
(a) FINDING.—Executive Order 13827 (83 Fed. Reg. 
12469), which was signed on March 19, 2018, established 
sanctions against the Government of Venezuela’s ability 
to issue a digital currency in an effort to circumvent 
United States sanctions. 
(b) DEFINITIONS.—In this section: 
(1) ENTITY.—The term ‘‘entity’’ means a part-
nership, association, trust, joint venture, corpora-
tion, group, subgroup, or other organization. 
(2) GOVERNMENT OF VENEZUELA.—The term 
‘‘Government of Venezuela’’ means the Government 
of Venezuela, any political subdivision, agency, or in-
strumentality of such government, including the 
Central Bank of Venezuela and Petro´leos de Ven-
ezuela, S.A., and any person owned or controlled by, 
or acting for or on behalf of, such government. 
(3) PERSON.—The term ‘‘person’’ means an in-
dividual or entity. 
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(4) 
UNITED
STATES
PERSON.—The 
term 
‘‘United States person’’ means any— 
(A) United States citizen; 
(B) alien lawfully admitted for permanent 
residence to the United States; 
(C) entity organized under the laws of the 
United States or any jurisdiction within the 
United States (including a foreign branch of 
any such entity); and 
(D) any person physically located in the 
United States. 
(c) PROHIBITION OF CERTAIN TRANSACTIONS.— 
(1) IN GENERAL.—All transactions by a United 
States person or within the United States that relate 
to, provide financing for, provide software for, or 
otherwise deal in any digital currency, digital coin, 
or digital token, that was issued by, for, or on behalf 
of the Government of Venezuela are prohibited be-
ginning on the date of the enactment of this Act. 
(2) APPLICABILITY.—The prohibitions under 
paragraph (1) shall apply to the extent provided by 
statutes, or in regulations, orders, directives, or li-
censes that may be issued pursuant to this Act, and 
notwithstanding any contract entered into or any li-
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cense or permit granted before the date of the enact-
ment of this Act. 
(3) 
PROHIBITIONS.—Any 
transaction 
that 
evades or avoids, has the purpose of evading or 
avoiding, causes a violation of, or attempts to violate 
any of the prohibitions set forth in this subsection 
is prohibited. Any conspiracy formed to violate any 
of the prohibitions set forth in this subsection is pro-
hibited. 
(d) RULEMAKING.— 
(1) IN GENERAL.—The Secretary of the Treas-
ury, in consultation with the Secretary of State, is 
authorized to take such actions, including promul-
gating rules and regulations, to implement this sec-
tion. 
(2) DELEGATION.—The Secretary of the Treas-
ury may redelegate any of the functions described in 
paragraph (1) to other officers and executive depart-
ments and agencies of the United States Govern-
ment. All agencies of the United States Government 
shall take all appropriate measures within their au-
thority to carry out the provisions of this section. 
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SEC. 
502. 
REPORT 
ON 
THE 
IMPACT 
OF 
CRYPTOCURRENCIES 
ON 
UNITED 
STATES 
SANCTIONS. 
(a) DEFINED TERM.—In this section, the term ‘‘ap-
propriate congressional committees’’ means— 
(1) the Committee on Foreign Relations of the 
Senate; 
(2) the Committee on Banking, Housing, and 
Urban Affairs of the Senate; 
(3) the Committee on Foreign Affairs of the 
House of Representatives; and 
(4) the Committee on Financial Services of the 
House of Representatives. 
(b) REPORTING REQUIREMENT.—Not later than 180 
days after the date of the enactment of this Act, the Sec-
retary of State, after consultation with the Secretary of 
the Treasury, the Chairman of the Securities and Ex-
change Commission, and the Chairman of the Commodity 
Futures Trading Commission, shall submit a report to the 
appropriate congressional committees that provides an as-
sessment on how digital currencies affect the effectiveness 
of United States sanctions around the world. 
(c) ADDITIONAL ELEMENTS.—The report submitted 
under subsection (b) shall— 
(1) describe any global efforts, including efforts 
by states, state-sponsored actors, and non-state- 
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