Sponsored By: Senator James Risch
Introduced
Targeted sanctions and conditional assistance tied to democratic benchmarks push Venezuela toward free and fair elections while preserving tools to punish and deter the Maduro regime.
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6 provisions identified: 3 benefits, 1 costs, 2 mixed.
If enacted, the President would deliver a detailed plan within 90 days for U.S. humanitarian, development, and economic aid to the Venezuelan people and NGOs. Aid could include food, medicine, emergency energy help, Export-Import Bank financing, Trade and Development Agency support, and Peace Corps programs. Aid distribution would start only after the President certifies a democratically elected Venezuelan government, and a State Department coordinator would be named. Any spending would need separate congressional authorization and appropriations, and agencies must give 15 days' notice before reprogramming.
If enacted, when the President certifies a democratically elected Venezuelan government, the President would move to terminate the Act's sanctions and immediately notify Congress. The President would then report every 180 days for 3 years on Venezuela's progress, and Congress could pass one joint resolution of disapproval per 180-day period to overturn the termination. After that presidential determination, the President would also report to key trade committees on barriers to U.S. trade and consider whether to seek nondiscriminatory trade treatment.
If enacted, the bill would bar U.S. persons and U.S. transactions from dealing in many Maduro-regime and PDVSA debt and equity instruments and in regime-issued digital currency beginning on enactment. It would give the President explicit emergency authority (IEEPA) to enforce these rules, allow penalties under IEEPA, and permit limited presidential waivers with 10 days' notice to Congress. Treasury would also have to report every 180 days for up to 10 years on OFAC licenses that allow transactions with sanctioned persons, including an initial estimate of regime access to funds since January 20, 2021.
If enacted, the bill would say the Act's sanctions authorities do not include authority to impose sanctions on the importation of goods. The law would define "goods" to include physical articles, materials, supplies, and manufactured products, and would exclude technical data. This would protect importers and supply chains from being sanctioned under this statute.
If enacted, U.S. representatives would be required to oppose seating a nondemocratic Venezuelan government at the Organization of American States and at international financial institutions until a President certifies a democratic government. The bill would also direct the U.S. to provide not less than $5 million in voluntary contributions to an OAS emergency fund for human rights observers and election support in Venezuela.
If enacted, the Secretary of State would report within 180 days naming foreign persons and companies that did significant business with the Maduro regime in mining, finance, energy, shipping, ports, and special zones. The bill would also direct the President to urge other countries to limit trade and credit ties with Venezuela to support the Act's goals. The President could block nonhumanitarian U.S. aid, arms sales, and debt relief to foreign governments that assist the Maduro regime until a democratic government is certified.
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James Risch
ID • R
Michael Bennet
CO • D
Sponsored 1/8/2025
John Barrasso
WY • R
Sponsored 1/8/2025
Rick Scott
FL • R
Sponsored 1/8/2025
Dan Sullivan
AK • R
Sponsored 1/8/2025
Sen. Cassidy, Bill [R-LA]
LA • R
Sponsored 1/8/2025
Sen. Ricketts, Pete [R-NE]
NE • R
Sponsored 1/8/2025
Sen. Cornyn, John [R-TX]
TX • R
Sponsored 2/4/2025
No roll call votes available for this bill.
View on Congress.govSurfaced from PRIA's policy knowledge graph — ranked by signal strength, connected by evidence.
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The Uruguay Round Agreements Act URAA of 1994 19 U.S.C. §§ 3501–3624 implemented U.S. membership in the World Trade Organization WTO and incorporated the Uruguay Round trade agreements — the broadest
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