I 
118TH CONGRESS 
2D SESSION 
H. R. 9546 
To promote democracy in Venezuela, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 11, 2024 
Ms. SALAZAR (for herself, Ms. WASSERMAN SCHULTZ, Mr. SMITH of New Jer-
sey, Mr. WALTZ, Mrs. GONZA´LEZ-COLO´N, Mr. SELF, Mr. WILSON of 
South Carolina, Mr. MOSKOWITZ, and Mr. LAWLER) introduced the fol-
lowing bill; which was referred to the Committee on Foreign Affairs, and 
in addition to the Committees on Financial Services, Rules, and Ways 
and Means, for a period to be subsequently determined by the Speaker, 
in each case for consideration of such provisions as fall within the juris-
diction of the committee concerned 
A BILL 
To promote democracy in Venezuela, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Venezuela Advancing Liberty, Opportunity, and Rights 
Act of 2024’’ or the ‘‘VALOR Act of 2024’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
Sec. 1. Short title; table of contents. 
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Sec. 2. Statement of policy. 
Sec. 3. Appropriate congressional committees defined. 
TITLE I—DETERMINATIONS OF A DEMOCRATICALLY ELECTED 
GOVERNMENT IN VENEZUELA 
Sec. 101. Determinations of a democratically elected government in Venezuela. 
TITLE II—PROMOTING DEMOCRATIC CHANGE IN VENEZUELA 
Sec. 201. United States policy regarding participation of Venezuela in inter-
national financial institutions. 
Sec. 202. United States policy regarding participation of Venezuela in the Or-
ganization of American States. 
Sec. 203. Authorization of support for democratic and human rights groups 
and international observers. 
Sec. 204. Support for the people of Venezuela. 
TITLE III—SANCTIONS 
Sec. 301. Definitions. 
Sec. 302. Blocking international support for a nondemocratic government in 
Venezuela. 
Sec. 303. Financial sanctions with respect to debt instruments of Maduro re-
gime. 
Sec. 304. Sanctions with respect to cryptocurrency and related technologies in 
Venezuela. 
Sec. 305. Blocking property of the Government of Venezuela. 
Sec. 306. Termination of sanctions. 
Sec. 307. Implementation; penalties. 
Sec. 308. Report on specific licenses that authorize transactions with sanc-
tioned persons. 
Sec. 309. Report on foreign persons doing business with the Maduro regime. 
TITLE IV—ASSISTANCE TO A FREE AND INDEPENDENT 
VENEZUELA 
Sec. 401. Assistance for the people of Venezuela. 
Sec. 402. Report on trade and investment relations between the United States 
and Venezuela. 
TITLE V—GENERAL PROVISIONS 
Sec. 501. Effect on lawful United States Government activities. 
Sec. 502. Exception relating to importation of goods. 
SEC. 2. STATEMENT OF POLICY. 
It is the policy of the United States— 
(1) to seek a peaceful transition to democracy 
in Venezuela through support for the people of Ven-
ezuela, and the use of the full range of diplomatic 
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tools, including the careful application of sanctions 
directed at the regime of Nicolas Maduro and any 
nondemocratic successor government; 
(2) to seek the cooperation of other democratic 
countries in supporting a transition described in 
paragraph (1); 
(3) to stop the evasion of United States sanc-
tions on the Maduro regime and to seek the speedy 
termination of any remaining military, security, or 
technical assistance, subsidies, or other forms of as-
sistance to the Maduro regime and any nondemo-
cratic successor government from the government of 
any other country, including the governments of the 
Republic of Cuba, the Islamic Republic of Iran, the 
Russian Federation, and the People’s Republic of 
China; 
(4) to maintain sanctions on the Maduro regime 
so long as it continues to refuse to move toward de-
mocratization and greater respect for internationally 
recognized human rights; and 
(5) to be prepared to reduce the sanctions im-
posed with respect to Venezuela in carefully cali-
brated ways in response to demonstrable progress 
toward democratization in Venezuela as described in 
paragraph (1). 
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SEC. 3. APPROPRIATE CONGRESSIONAL COMMITTEES DE-
FINED. 
In this Act, the term ‘‘appropriate congressional com-
mittees’’ means— 
(1) the Committee on Foreign Relations and 
the Committee on Banking, Housing, and Urban Af-
fairs of the Senate; and 
(2) the Committee on Foreign Affairs and the 
Committee on Financial Services of the House of 
Representatives. 
TITLE I—DETERMINATIONS OF A 
DEMOCRATICALLY 
ELECTED 
GOVERNMENT IN VENEZUELA 
SEC. 
101. 
DETERMINATIONS 
OF 
A 
DEMOCRATICALLY 
ELECTED GOVERNMENT IN VENEZUELA. 
(a) IN GENERAL.—Upon making a determination 
that a democratically elected government is in power in 
Venezuela, the President shall submit that determination 
to the appropriate congressional committees. 
(b) REQUIREMENTS
FOR DETERMINING
A DEMO-
CRATICALLY ELECTED GOVERNMENT IS IN POWER IN 
VENEZUELA.—For the purposes of making a determina-
tion under subsection (a), a democratically elected govern-
ment in Venezuela is a government that— 
(1) results from free and fair elections— 
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(A) conducted under the supervision of 
internationally recognized election observers; 
and 
(B) in which— 
(i) all qualified candidates were al-
lowed to participate; 
(ii) opposition parties were permitted 
ample time to organize and campaign for 
such elections; and 
(iii) all qualified candidates were per-
mitted full access to the media; 
(2) is making demonstrable progress in— 
(A) establishing an independent judiciary; 
(B) respecting internationally recognized 
human rights, basic civil liberties, and funda-
mental freedoms as set forth in the Universal 
Declaration of Human Rights, which was 
adopted unanimously by the United Nations 
General Assembly and supported by Venezuela; 
(C) allowing the establishment of inde-
pendent social, economic, and political associa-
tions; 
(D) effectively guaranteeing the rights of 
free speech and freedom of the press, including 
granting permits to privately owned media and 
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telecommunications companies to operate in 
Venezuela; and 
(E) assuring the right to private property; 
(3) does not include Nicolas Maduro or any 
persons— 
(A) with respect to which sanctions have 
been imposed by the Office of Foreign Assets 
Control; or 
(B) sought by the United States Depart-
ment of Justice; 
(4) has lifted the order of contempt issued by 
the Venezuelan Supreme Tribunal of Justice (TSJ) 
on January 11, 2016, against the National Assembly 
convened on January 6, 2016, including by restoring 
all powers of the National Assembly and the immu-
nities for deputies; 
(5) has ceased to interfere with the functioning 
of all political parties and candidates, including by 
lifting all judicial interventions of political parties 
and restrictions on all presidential candidates; 
(6) has released all political prisoners and al-
lowed for investigations of Venezuelan prisons by ap-
propriate international human rights organizations; 
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(7) has dissolved the Colectivos and any state 
security and intelligence service credibly accused of 
committing gross violations of human rights; 
(8) is taking genuine efforts to extradite or oth-
erwise render to the United States all persons 
sought by the United States Department of Justice 
for crimes committed in the United States; 
(9) is not providing any support to any group, 
in any other country, that seeks the violent over-
throw of the government of that country; 
(10) has permitted the deployment throughout 
Venezuela of independent and unfettered inter-
national human rights monitors; and 
(11) has freed all hostages and illegally and 
wrongfully detained United States nationals. 
TITLE 
II—PROMOTING 
DEMO-
CRATIC 
CHANGE 
IN 
VEN-
EZUELA 
SEC. 201. UNITED STATES POLICY REGARDING PARTICIPA-
TION OF VENEZUELA IN INTERNATIONAL FI-
NANCIAL INSTITUTIONS. 
(a) IN GENERAL.—The Secretary of the Treasury 
shall instruct the United States executive director of each 
international financial institution to use the voice and vote 
of the United States to oppose the seating of representa-
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tives of the regime of Nicolas Maduro or any nondemo-
cratic successor government as a member of that institu-
tion. 
(b) STEPS AFTER DEMOCRATICALLY ELECTED GOV-
ERNMENT IN POWER.—On and after the date on which 
the President submits to the appropriate congressional 
committees a determination under section 101(a) that a 
democratically elected government is in power in Ven-
ezuela— 
(1) the President is encouraged to take steps to 
support the seating of representatives of the demo-
cratically elected government to represent Venezuela 
in each international financial institution; and 
(2) the Secretary of the Treasury shall instruct 
the United States executive director of each inter-
national financial institution to oppose any assist-
ance from the institution to Venezuela that the 
United States Government does not assess contrib-
utes to a stable foundation for a democratically 
elected government in Venezuela. 
(c) INTERNATIONAL FINANCIAL INSTITUTION DE-
FINED.—In this section, the term ‘‘international financial 
institution’’ means each of the following: 
(1) The International Monetary Fund. 
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(2) The International Bank for Reconstruction 
and Development. 
(3) The International Development Association. 
(4) The International Finance Corporation. 
(5) The Multilateral Investment Guarantee 
Agency. 
(6) The Inter-American Development Bank. 
SEC. 202. UNITED STATES POLICY REGARDING PARTICIPA-
TION OF VENEZUELA IN THE ORGANIZATION 
OF AMERICAN STATES. 
The President shall instruct the United States Per-
manent Representative to the Organization of American 
States to use the voice and vote of the United States to 
oppose any measure that would allow a nondemocratic 
government of Venezuela to participate in the Organiza-
tion of American States until the President submits to the 
appropriate congressional committees a determination 
under section 101(a) that a democratically elected govern-
ment is in power in Venezuela. 
SEC. 203. AUTHORIZATION OF SUPPORT FOR DEMOCRATIC 
AND HUMAN RIGHTS GROUPS AND INTER-
NATIONAL OBSERVERS. 
(a) IN GENERAL.—Notwithstanding any other provi-
sion of law (other than section 634A of the Foreign Assist-
ance Act of 1961 (22 U.S.C. 2394–1) or any comparable 
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notification requirement contained in any Act making ap-
propriations for the Department of State, foreign oper-
ations, and related programs), the President may provide 
assistance and other support for individuals and inde-
pendent nongovernmental organizations to support democ-
racy-building efforts in Venezuela, including as described 
in subsections (b) and (c). 
(b) ORGANIZATION
OF AMERICAN STATES EMER-
GENCY FUND.— 
(1) FOR SUPPORT OF INTERNATIONALLY REC-
OGNIZED
HUMAN
RIGHTS
AND
FREE
AND
FAIR 
ELECTIONS.—The President shall take the necessary 
steps to encourage the Organization of American 
States to create a special emergency fund for the ex-
plicit purpose of deploying human rights observers 
and individuals and organizations engaged in elec-
tion support and election observation in Venezuela. 
(2) VOLUNTARY CONTRIBUTIONS FOR FUND.— 
The President should provide not less than 
$5,000,000 of the voluntary contributions of the 
United States to the Organization of American 
States solely for the purposes of the special fund re-
ferred to in paragraph (1). 
(c) ACTION
OF OTHER MEMBER STATES.—The 
President should instruct the United States Permanent 
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Representative to the Organization of American States to 
encourage other member states of the Organization to join 
in calling for the Government of Venezuela to allow the 
immediate deployment of independent human rights mon-
itors of the Organization of American States throughout 
Venezuela and on-site visits to Venezuela by the Inter- 
American Commission on Human Rights. 
(d) DENIAL OF FUNDS TO GOVERNMENT OF VEN-
EZUELA.—In implementing this section, the President 
shall take all necessary steps to ensure that no funds or 
other assistance is provided to a nondemocratic govern-
ment of Venezuela. 
SEC. 204. SUPPORT FOR THE PEOPLE OF VENEZUELA. 
The President— 
(1) may, pursuant to General License 29 of the 
Office of Foreign Assets Control of the Department 
of the Treasury, provide assistance through inde-
pendent nongovernmental organizations to support 
humanitarian projects in Venezuela— 
(A) to meet basic human needs; 
(B) to build democracy; 
(C) to provide education; 
(D) 
for 
non-commercial 
development 
projects; and 
(E) for environmental protection; and 
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(2) shall establish safeguards to ensure that 
any assistance provided pursuant to paragraph (1) 
is— 
(A) not providing material benefit to the 
Maduro regime; and 
(B) used for the purposes for which it was 
intended and only for the use and benefit of the 
people of Venezuela. 
TITLE III—SANCTIONS 
SEC. 301. DEFINITIONS. 
In this title: 
(1) ENTITY.—The term ‘‘entity’’ means a part-
nership, association, trust, joint venture, corpora-
tion, group, subgroup, or organization. 
(2) GOVERNMENT OF VENEZUELA.—The term 
‘‘Government of Venezuela’’ includes— 
(A) the state and Government of Ven-
ezuela; 
(B) any political subdivision, agency, or in-
strumentality thereof, including the Central 
Bank of Venezuela and Petroleos de Venezuela, 
S.A.; 
(C) any person owned or controlled, di-
rectly or indirectly, by an entity described in 
subparagraph (A) or (B); and 
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(D) any person that has acted or pur-
ported to act directly or indirectly for or on be-
half of an entity described in subparagraph (A) 
or (B), including as a member of the regime of 
Nicolas Maduro or any nondemocratic successor 
government in Venezuela. 
(3) PERSON.—The term ‘‘person’’ means an in-
dividual or entity. 
(4) 
UNITED
STATES
PERSON.—The 
term 
‘‘United States person’’ means— 
(A) a United States citizen or alien law-
fully admitted for permanent residence to the 
United States; 
(B) any 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 
(C) any person physically located in the 
United States. 
SEC. 302. BLOCKING INTERNATIONAL SUPPORT FOR A 
NONDEMOCRATIC 
GOVERNMENT 
IN 
VEN-
EZUELA. 
(a) STATEMENT
OF
POLICY
REGARDING
VEN-
EZUELAN TRADING PARTNERS.—The President should 
encourage the governments of countries that conduct 
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trade with Venezuela to restrict their trade and credit re-
lations with Venezuela in a manner consistent with the 
purposes of this Act. 
(b) SANCTIONS AGAINST COUNTRIES ASSISTING A 
NONDEMOCRATIC GOVERNMENT IN VENEZUELA.— 
(1) IN GENERAL.—The President may impose 
the following sanctions with respect to any country 
that provides assistance to the regime of Nicolas 
Maduro or any nondemocratic successor government 
in Venezuela: 
(A) The President may determine that the 
government of such country is not eligible for 
nonhumanitarian assistance under the Foreign 
Assistance Act of 1961 (22 U.S.C. 2151 et 
seq.) or assistance or sales under the Arms Ex-
port Control Act (22 U.S.C. 2751 et seq.). 
(B) The President may determine that the 
country is not eligible, under any program, for 
forgiveness or reduction of debt owed to the 
United States Government. 
(2) TERMINATION.—The authority to impose 
sanctions under this section shall cease to apply at 
such time as the President submits to the appro-
priate congressional committees a determination 
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under section 101(a) that a democratically elected 
government is in power in Venezuela. 
(c) DEFINITIONS.—In this section: 
(1) ASSISTANCE
TO
VENEZUELA.—The term 
‘‘assistance to Venezuela’’— 
(A) means assistance to or for the benefit 
of the Government of Venezuela that is pro-
vided by grant, concessional sale, guaranty, or 
insurance, or by any other means on terms 
more favorable than that generally available in 
the applicable market, whether in the form of 
a loan, lease, credit, or otherwise; 
(B) includes— 
(i) subsidies for exports to Venezuela; 
(ii) favorable tariff treatment of arti-
cles that are the growth, product, or manu-
facture of Venezuela; and 
(iii) an exchange, reduction, or for-
giveness of debt owed by the Government 
of Venezuela to a foreign country in return 
for a grant of an equity interest in a prop-
erty, investment, or operation of the Gov-
ernment of Venezuela (including any agen-
cy or instrumentality of the Government of 
Venezuela) or a national of Venezuela; and 
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(C) does not include— 
(i) humanitarian assistance, including 
donations of food, made available to non-
governmental organizations or individuals 
in Venezuela; or 
(ii) exports of medicines or medical 
supplies, instruments, or equipment. 
(2) AGENCY
OR
INSTRUMENTALITY
OF
THE 
GOVERNMENT OF VENEZUELA.—The term ‘‘agency 
or instrumentality of the Government of Venezuela’’ 
has the meaning given the term ‘‘agency or instru-
mentality of a foreign state’’ in section 1603(b) of 
title 28, United States Code, except that each ref-
erence in such section to ‘‘a foreign state’’ shall be 
deemed to be a reference to ‘‘the Government of 
Venezuela’’. 
SEC. 303. FINANCIAL SANCTIONS WITH RESPECT TO DEBT 
INSTRUMENTS OF MADURO REGIME. 
(a) PROHIBITION OF CERTAIN TRANSACTIONS.— 
(1) IN GENERAL.—Beginning on the date of the 
enactment of this Act, all transactions by a United 
States person or within the United States that relate 
to, provide financing for, or otherwise deal in debt 
instruments issued by, for, or on behalf of Petroleos 
de Venezuela, S.A., or the regime of Nicolas Maduro 
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or any nondemocratic successor government in Ven-
ezuela, are prohibited. 
(2) INCLUSIONS.—The prohibition under para-
graph (1) includes a prohibition on— 
(A) entering into any transaction in— 
(i) debt instruments with a maturity 
of more than 90 days issued by Petro´leos 
de Venezuela, S.A., on or after the date of 
the enactment of this Act; 
(ii) debt instruments with a maturity 
of more than 30 days or equity issued by 
the Maduro regime on or after such date 
of enactment, other than debt instruments 
issued by Petro´leos de Venezuela, S.A., 
covered by clause (i); 
(iii) bonds issued by the Maduro re-
gime before such date of enactment; or 
(iv) dividend payments or other dis-
tributions of profits to the Maduro regime 
from any entity owned or controlled, di-
rectly or indirectly, by the Maduro regime; 
(B) the direct or indirect purchase of secu-
rities from the Maduro regime, other than— 
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(i) securities qualifying as debt instru-
ments issued by Petro´leos de Venezuela, 
S.A., covered by subparagraph (A)(i); and 
(ii) securities qualifying as debt in-
struments issued by the Maduro regime 
covered by subparagraph (A)(ii); 
(C) purchasing any debt owed to the 
Maduro regime, including accounts receivable; 
(D) entering into any transaction related 
to any debt owed to the Maduro regime that is 
pledged as collateral after May 21, 2018, in-
cluding accounts receivable; 
(E) entering into any transaction involving 
the selling, transferring, assigning, or pledging 
as collateral by the Maduro regime of any eq-
uity interest in any entity in which the Maduro 
regime has a 50 percent or greater ownership 
interest; and 
(F) entering into 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. 
(b) RULEMAKING.— 
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(1) IN GENERAL.—The Secretary of the Treas-
ury, in consultation with the Secretary of State, may 
take such actions, including prescribing rules and 
regulations, as are necessary to implement this sec-
tion. 
(2) DELEGATION.—The Secretary of the Treas-
ury may redelegate the authority described in para-
graph (1) to other officers and agencies of the 
United States Government. 
(c) RESPONSIBILITY
OF
OTHER
AGENCIES.—All 
agencies of the United States Government shall take all 
appropriate measures within their authority to carry out 
the provisions of this section. 
SEC. 
304. 
SANCTIONS 
WITH 
RESPECT 
TO 
CRYPTOCURRENCY 
AND 
RELATED 
TECH-
NOLOGIES IN VENEZUELA. 
(a) PROHIBITION OF CERTAIN TRANSACTIONS.— 
(1) IN GENERAL.—Beginning on the date of the 
enactment of this Act, the following transactions are 
prohibited: 
(A) Any transaction by a United States 
person or within the United States that relates 
to, provides financing for, or otherwise deals in 
any digital currency, digital coin, or digital 
token, that was issued by, for, or on behalf of 
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the regime of Nicolas Maduro or any nondemo-
cratic successor government. 
(B) Any transaction that evades or avoids, 
has the purpose of evading or avoiding, causes 
a violation of, or attempts to violate the prohi-
bition under subparagraph (A). 
(2) APPLICABILITY.—The prohibitions under 
paragraph (1) shall apply— 
(A) to the extent provided by statutes, or 
in regulations, orders, directives, or licenses 
that may be issued pursuant to this section; 
and 
(B) notwithstanding any contract entered 
into or any license or permit granted before the 
date of the enactment of this Act. 
(b) RULEMAKING.— 
(1) IN GENERAL.—The Secretary of the Treas-
ury, in consultation with the Secretary of State, may 
take such actions, including prescribing rules and 
regulations, as are necessary to implement this sec-
tion. 
(2) DELEGATION.—The Secretary of the Treas-
ury may redelegate the authority described in para-
graph (1) to other officers and agencies of the 
United States Government. 
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(c) RESPONSIBILITY
OF
OTHER
AGENCIES.—All 
agencies of the United States Government shall take all 
appropriate measures within their authority to carry out 
the provisions of this section. 
SEC. 305. BLOCKING PROPERTY OF THE GOVERNMENT OF 
VENEZUELA. 
(a) BLOCKING OF PROPERTY.—The President shall 
exercise all powers granted to the President by the Inter-
national Emergency Economic Powers Act (50 U.S.C. 
1701 et seq.) to the extent necessary to block and prohibit 
all transactions in all property and interests in property 
of the Government of Venezuela and any person described 
in subsection (b) if such property and interests in property 
are in the United States, come within the United States, 
or are or come within the possession or control of a United 
States person. 
(b) PERSONS DESCRIBED.—A person described in 
this subsection is any person determined by the Secretary 
of the Treasury, in consultation with the Secretary of 
State— 
(1) to have materially assisted, sponsored, or 
provided financial, material, or technological support 
for, or goods or services to or in support of, any per-
son the property and interests in property of which 
are blocked pursuant to subsection (a); or 
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(2) to be owned or controlled by, or to have 
acted or purported to act for or on behalf of, directly 
or indirectly, any person the property and interests 
in property of which are blocked pursuant to sub-
section (a). 
(c) PROHIBITIONS
ON EVASION.—Any transaction 
that evades or avoids, has the purpose of evading or avoid-
ing, causes a violation of, or attempts to violate, the prohi-
bition under subsection (a) is prohibited. 
(d) APPLICABILITY.—Subsection (a) and the prohibi-
tion under subsection (c) shall apply— 
(1) to the extent provided by statutes, or in reg-
ulations, orders, directives, or licenses that may be 
issued pursuant to this section; and 
(2) notwithstanding any contract entered into 
or any license or permit granted before the date of 
the enactment of this Act. 
(e) RULEMAKING.— 
(1) IN GENERAL.—The Secretary of the Treas-
ury, in consultation with the Secretary of State, may 
take such actions, including prescribing rules and 
regulations, as are necessary to implement this sec-
tion. 
(2) DELEGATION.—The Secretary of the Treas-
ury may redelegate the authority described in para-
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graph (1) to other officers and agencies of the 
United States Government. 
(f) RESPONSIBILITY
OF
OTHER
AGENCIES.—All 
agencies of the United States Government shall take all 
appropriate measures within their authority to carry out 
the provisions of this section. 
SEC. 306. TERMINATION OF SANCTIONS. 
(a) IN GENERAL.—Upon submitting to the appro-
priate congressional committees a determination under 
section 101(a) that a democratically elected government 
is in power in Venezuela, the President shall take steps 
to terminate the sanctions imposed under this title. 
(b) REVIEW OF TERMINATION OF SANCTIONS.— 
(1) REPORTING REQUIREMENTS.—Upon taking 
action under subsection (a) to terminate the sanc-
tions imposed under this title, the President shall— 
(A) immediately notify Congress of that 
action; and 
(B) submit to Congress, not less frequently 
than every 180 days thereafter for 3 years, a 
report on the progress being made by Venezuela 
toward the establishment of a democratically 
elected government. 
(2) CONGRESSIONAL REVIEW.— 
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(A) JOINT RESOLUTION OF DISAPPROVAL 
DEFINED.—In this paragraph, the term ‘‘joint 
resolution of disapproval’’ means a joint resolu-
tion, the sole matter after the resolving clause 
of which is as follows: ‘‘That Congress dis-
approves the action of the President under sec-
tion 306(a) of the Venezuela Advancing Lib-
erty, Opportunity, and Rights Act of 2024 to 
terminate the sanctions imposed under title III 
of that Act, notice of which was submitted to 
the Congress on llll.’’, with the blank 
space being filled with the date on which the 
President notified Congress with respect to the 
action under paragraph (1)(A). 
(B) EFFECT OF ENACTMENT.—An action 
taken by the President under subsection (a) 
shall cease to be effective upon the enactment 
of a joint resolution of disapproval with respect 
to that action. 
(C) REFERRAL TO COMMITTEES.— 
(i) SENATE.—A joint resolution of 
disapproval introduced in the Senate shall 
be referred to the Committee on Foreign 
Relations. 
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(ii) HOUSE OF REPRESENTATIVES.—A 
joint resolution of disapproval introduced 
in the House of Representatives shall be 
referred to the Committee on Foreign Af-
fairs. 
(D) PROCEDURES.— 
(i) SENATE.—A joint resolution of 
disapproval shall be considered in the Sen-
ate in accordance with the provisions of 
section 601(b) of the International Secu-
rity Assistance and Arms Export Control 
Act of 1976 (Public Law 94–329; 90 Stat. 
765). 
(ii) HOUSE OF REPRESENTATIVES.— 
For the purpose of expediting the consider-
ation and enactment of a joint resolution 
of disapproval, a motion to proceed to the 
consideration of such a resolution after it 
has been reported by the appropriate com-
mittee under subparagraph (C) shall be 
treated as highly privileged in the House of 
Representatives. 
(iii) LIMITATION.—Not more than one 
joint resolution of disapproval may be con-
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sidered in the Senate and the House of 
Representatives in— 
(I) the 180-day period beginning 
on the date on which the President 
notifies Congress under paragraph 
(1)(A) with respect to action taken 
under subsection (a); and 
(II) each 180-day period there-
after. 
(E) RULES OF HOUSE OF REPRESENTA-
TIVES
AND
SENATE.—This paragraph is en-
acted by Congress— 
(i) as an exercise of the rulemaking 
power of the Senate and the House of Rep-
resentatives, respectively, and as such is 
deemed a part of the rules of each House, 
respectively, and supersedes other rules 
only to the extent that it is inconsistent 
with such rules; and 
(ii) with full recognition of the con-
stitutional right of either House to change 
the rules (so far as relating to the proce-
dure of that House) at any time, in the 
same manner, and to the same extent as in 
the case of any other rule of that House. 
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SEC. 307. IMPLEMENTATION; PENALTIES. 
(a) IMPLEMENTATION; PENALTIES.— 
(1) IMPLEMENTATION.—The President may ex-
ercise all authorities provided to the President under 
sections 203 and 205 of the International Emer-
gency Economic Powers Act (50 U.S.C. 1702 and 
1704) to carry out this title. 
(2) PENALTIES.—A person that violates, at-
tempts to violate, conspires to violate, or causes a 
violation of this title or any regulation, license, or 
order issued to carry out this title 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-
tent as a person that commits an unlawful act de-
scribed in subsection (a) of that section. 
(3) WAIVER.—The President may waive the ap-
plication of sanctions under this title with respect to 
a foreign person if the President, not later than 10 
days before the waiver is to take effect, determines 
and certifies to the appropriate congressional com-
mittees that such a waiver is in the vital national se-
curity interest of the United States. The President 
shall submit with the certification a detailed jus-
tification explaining the reasons for the waiver. 
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SEC. 308. REPORT ON SPECIFIC LICENSES THAT AUTHOR-
IZE TRANSACTIONS WITH SANCTIONED PER-
SONS. 
(a) REPORT REQUIRED.— 
(1) IN
GENERAL.—Not later than 180 days 
after the date of the enactment of this Act, and 
every 180 days thereafter until the date that is 10 
years after the date of the enactment of this Act, the 
Secretary of the Treasury, in coordination with the 
Secretary of State, shall submit to the appropriate 
congressional committees a report that includes— 
(A) a list of specific licenses issued by the 
Secretary of the Treasury during the 180-day 
period preceding submission of the report that 
authorize any transaction with a person with 
respect to which sanctions have been imposed 
under section 303, 304, or 305; and 
(B)(i) in the case of the first report, an es-
timate of funds the Maduro regime has 
accessed as a result of licenses issued by the 
Office of Foreign Assets Control since January 
20, 2021; and 
(ii) in the case of any subsequent report, 
an estimate of the funds the Maduro regime 
has accessed as a result of such licenses issued 
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during the 180-day period preceding submission 
of the report. 
(2) ELEMENTS.—The report required by para-
graph (1) shall include, with respect to each entity 
that received a specific license described in that 
paragraph, the following information: 
(A) The name of the entity. 
(B) A brief description of the activity au-
thorized by the license. 
(C) A brief justification of why the Office 
of Foreign Assets Control granted the license. 
(b) SUBMISSION OF COPIES OF LICENSES ON RE-
QUEST.—The Secretary of the Treasury shall expedi-
tiously provide to the appropriate congressional commit-
tees a copy of any license identified in a report submitted 
under subsection (a) if an appropriate Member of Con-
gress requests a copy of that license not later than 60 
days after the report is submitted. 
(c) BUSINESS CONFIDENTIAL INFORMATION.— 
(1) IN GENERAL.—The Secretary of the Treas-
ury shall, in each report required by subsection (a) 
and any submission under subsection (b), identify 
any proprietary information submitted by any pri-
vate sector representative and mark such informa-
tion as ‘‘business confidential information’’. 
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(2) TREATMENT
AS
TRADE
SECRETS.—Busi-
ness confidential information described in paragraph 
(1) shall be considered to be a matter falling within 
the meaning of the exception for trade secrets and 
commercial or financial information under sub-
section (b)(4) of section 552 of title 5, United States 
Code, and shall be exempt from disclosure under 
such section without the express approval of the pri-
vate party. 
(3) FORM
OF
REPORT
AND
SUBMISSIONS.— 
Each report required by subsection (a) and any sub-
mission under subsection (b) shall be submitted in 
unclassified form, but may contain a classified 
annex. 
(d) SUNSET.—The section shall have no force or ef-
fect after the end of the 10-year period beginning on the 
date of the enactment of this Act. 
SEC. 309. REPORT ON FOREIGN PERSONS DOING BUSINESS 
WITH THE MADURO REGIME. 
Not later than 180 days after the date of the enact-
ment of this Act, the Secretary of State, in consultation 
with the heads of other relevant Federal agencies, shall 
submit to the appropriate congressional committees a re-
port that identifies any foreign person that— 
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(1) engages in or has engaged in a significant 
transaction or transactions, or any other dealings 
with, or has provided material support to or for— 
(A) the Government of Venezuela; 
(B) any person the President determines 
to be knowingly responsible for or complicit in, 
or responsible for ordering, controlling, or oth-
erwise directing, or to have participated in, di-
rectly or indirectly— 
(i) actions or policies that significantly 
undermine democratic processes or institu-
tions in Venezuela; 
(ii) significant acts of violence or con-
duct that constitute serious human rights 
abuse, including against persons involved 
in antigovernment protests in Venezuela on 
or after February 1, 2014; 
(iii) actions that prohibit, limit, or pe-
nalize the exercise of freedom of expression 
or peaceful assembly in Venezuela; or 
(iv) significant public corruption by 
senior officials within the Government of 
Venezuela; or 
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(C) any entity that has, or whose members 
have, engaged in any activity described in sub-
paragraph (B); 
(2) operates in the mining, financial, energy, 
shipping, or shipbuilding sector of the economy of 
Venezuela; 
(3) operates in the ports, free trade zones, or 
special economic zones of Venezuela; 
(4) is owned or controlled by a foreign person 
described in paragraph (1), (2), or (3); or 
(5) has knowingly materially assisted, spon-
sored, or provided significant financial, material, or 
technological support for, or goods or services in 
support of, a foreign person described in paragraph 
(1), (2), or (3). 
TITLE 
IV—ASSISTANCE 
TO 
A 
FREE 
AND 
INDEPENDENT 
VENEZUELA 
SEC. 401. ASSISTANCE FOR THE PEOPLE OF VENEZUELA. 
(a) PLAN FOR PROVIDING ASSISTANCE.— 
(1) DEVELOPMENT OF PLAN.— 
(A) IN GENERAL.—The President shall de-
velop a plan for providing assistance to Ven-
ezuela under a democratically elected govern-
ment. 
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(B) STRATEGY FOR DISTRIBUTION.—The 
plan developed under subparagraph (A) shall 
include a strategy for distributing assistance 
under the plan. 
(2) TYPES OF ASSISTANCE.—Assistance to Ven-
ezuela under a democratically elected government 
provided pursuant to the plan developed under para-
graph (1) may include— 
(A) such food, medicine, medical supplies 
and equipment, and assistance to meet emer-
gency energy needs, as is necessary to meet the 
basic human needs of the people of Venezuela; 
(B) assistance under— 
(i) chapter 1 of part I of the Foreign 
Assistance Act of 1961 (22 U.S.C. 2151 et 
seq.) (relating to development assistance); 
and 
(ii) chapter 4 of part II of that Act 
(22 U.S.C. 2346 et seq.) (relating to the 
economic support fund); 
(C) assistance under the Food for Peace 
Act (7 U.S.C. 1691 et seq.); 
(D) financing, guarantees, and other forms 
of assistance provided by the Export-Import 
Bank of the United States; 
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(E) assistance provided by the Trade and 
Development Agency; and 
(F) Peace Corps programs. 
(3) DISTRIBUTION.—Assistance under the plan 
developed under paragraph (1) shall be provided 
through relevant United States Federal departments 
and agencies and nongovernmental organizations 
and private and voluntary organizations, whether 
within or outside the United States, including hu-
manitarian, educational, labor, and private sector or-
ganizations. 
(4) COMMUNICATION
WITH
PEOPLE
OF
VEN-
EZUELA.—The President shall take the necessary 
steps to communicate to the people of Venezuela the 
plan for assistance developed under paragraph (1). 
(5) REPORT TO CONGRESS.—Not later than 90 
days after the date of the enactment of this Act, the 
President shall submit to the appropriate congres-
sional committees a report describing in detail the 
plan developed under paragraph (1). 
(b) IMPLEMENTATION OF PLAN; REPORTS TO CON-
GRESS.— 
(1) IMPLEMENTATION OF PLAN.—Upon submit-
ting to the appropriate congressional committees a 
determination under section 101(a) that a democrat-
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ically elected government is in power in Venezuela, 
the President shall commence the delivery and dis-
tribution of assistance to the democratically elected 
government under the plan developed under sub-
section (a). 
(2) ANNUAL
REPORTS
TO
CONGRESS.—Not 
later than 60 days after the end of each fiscal year, 
the President shall submit to the appropriate con-
gressional committees a report on the assistance 
provided under the plan developed under subsection 
(a), including— 
(A) a description of each type of assistance 
and the amounts expended for such assistance 
during the preceding fiscal year; and 
(B) a description of the assistance to be 
provided under the plan in the fiscal year in 
which the report is submitted. 
(c) COORDINATING OFFICIAL.—The Secretary of 
State shall designate a coordinating official of the Depart-
ment of State who shall be responsible for— 
(1) implementing the strategy for distributing 
assistance described in subsection (a)(1)(B); 
(2) ensuring the speedy and efficient distribu-
tion of such assistance; and 
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(3) ensuring coordination among, and appro-
priate oversight by, the agencies of the United 
States that provide assistance described in sub-
section (a)(2), including resolving any disputes 
among such agencies. 
(d) REPROGRAMMING.—Any changes in the assist-
ance to be provided under the plan developed under sub-
section (a) may not be made unless the Secretary of State 
notifies the appropriate congressional committees at least 
15 days in advance in accordance with the procedures ap-
plicable to reprogramming notifications under section 
634A of the Foreign Assistance Act of 1961 (22 U.S.C. 
2394–1). 
(e) FUNDING LIMITATION.—Assistance may be pro-
vided under this section only if amounts are authorized 
to be appropriated, and are appropriated, to provide such 
assistance. 
(f) INTERNATIONAL EFFORTS.—The President shall 
take the necessary steps— 
(1) to seek to obtain the agreement of other 
countries and of international financial institutions 
and multilateral organizations to provide to a demo-
cratically elected government in Venezuela assistance 
comparable to that provided by the United States 
under this section; and 
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(2) to work with such countries, institutions, 
and organizations to coordinate all such assistance 
programs. 
SEC. 402. REPORT ON TRADE AND INVESTMENT RELATIONS 
BETWEEN THE UNITED STATES AND VEN-
EZUELA. 
(a) REPORT TO CONGRESS.—Upon submitting to the 
appropriate congressional committees a determination 
under section 101(a) that a democratically elected govern-
ment is in power in Venezuela, the President shall submit 
to the Committee on Ways and Means of the House of 
Representatives, the Committee on Finance of the Senate, 
and the appropriate congressional committees a report 
that describes— 
(1) acts, policies, and practices that constitute 
significant barriers to, or distortions of, United 
States trade in goods or services or foreign direct in-
vestment with respect to Venezuela; and 
(2) policy objectives of the United States re-
garding trade relations with a democratically elected 
government in Venezuela, and the reasons for such 
objectives, including possible reciprocal extension of 
nondiscriminatory trade treatment (most-favored-na-
tion treatment). 
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(b) CONSULTATION.—With respect to the policy ob-
jectives described in subsection (a), the President shall— 
(1) consult with the Committee on Ways and 
Means of the House of Representatives, the Com-
mittee on Finance of the Senate, and the appro-
priate congressional committees; and 
(2) seek advice from the appropriate advisory 
committees established under section 135 of the 
Trade Act of 1974 (19 U.S.C. 2155). 
TITLE V—GENERAL PROVISIONS 
SEC. 501. EFFECT ON LAWFUL UNITED STATES GOVERN-
MENT ACTIVITIES. 
Nothing in this Act prohibits any lawfully authorized 
investigative, protective, or intelligence activity of a law 
enforcement agency, or of an intelligence agency, of the 
United States. 
SEC. 502. EXCEPTION RELATING TO IMPORTATION OF 
GOODS. 
(a) IN GENERAL.—Notwithstanding any other provi-
sion of this Act, the authorities and requirements to im-
pose sanctions under this Act shall not include the author-
ity or a requirement to impose sanctions on the importa-
tion of goods. 
(b) GOOD DEFINED.—In this section, the term 
‘‘good’’ means any article, natural or manmade substance, 
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material, supply or manufactured product, including in-
spection and test equipment, and excluding technical data. 
Æ 
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