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Introduced on January 8, 2025 by James Risch
This bill aims to pressure Venezuela’s current regime while helping the Venezuelan people. It blocks the regime and its supporters from accessing U.S. property and financial systems, including banning U.S. transactions in regime debt and any digital currency it issues. It also lets the U.S. penalize countries that help the regime. These steps stay in place until Venezuela has a freely elected government that meets clear human-rights and rule-of-law standards. Once that happens, the U.S. would lift these sanctions.
The bill encourages the U.S. to oppose the regime’s participation in international groups and banks, while backing independent groups that monitor human rights and elections. It allows humanitarian aid to flow through nongovernmental groups, with safeguards to keep resources from the regime. If Venezuela returns to democracy, the U.S. would roll out a plan to provide food, medicine, emergency energy help, and other support. The bill does not require sanctions on imports of goods.
The bill lists detailed conditions for recognizing a democratically elected government, such as free and fair elections, releasing political prisoners, allowing free speech and media, and permitting human-rights monitors nationwide.