Designates Venezuela for Temporary Protected Status (TPS) for 18 months from enactment and sets who can apply, travel rules, and an application fee with waiver option. It requires the Department of Homeland Security to permit short emergency travel with prior consent and to treat return to the U.S. for authorized travelers as a return from travel. The bill also specifies how its budget effects must be reported for PAYGO purposes using a House Budget Committee statement submitted before the passage vote.