Blocks U.S. persons from making specified investments in or conducting petroleum-related transactions with Venezuela’s energy sector effective on enactment, until the President certifies that Nicolás Maduro’s regime has accepted the July 28, 2024 election results for Edmundo Gonzalez and relinquished power as described. The President may issue a national-security waiver but must report to certain congressional committees; the Treasury Secretary, with State consultation, can issue implementing rules and use emergency economic authorities to enforce the ban, and violations are subject to IEEPA penalties.

Also states factual findings that over 10 million Venezuelans voted on July 28, 2024, independent monitors showed Edmundo Gonzalez won by more than two-thirds, and that the Maduro regime refused to accept results, detained and abused many peaceful participants, and prevented Gonzalez’s inauguration on January 10, 2025.