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US Government Contracts Ban with Venezuela Regime Business Ties

This bill stops US government agencies from hiring companies that do business with the current Venezuelan government, which the US doesn't recognize. There are exceptions for aid, emergencies, national security, and US diplomatic work.
Key points
US government agencies cannot sign new contracts with companies linked to the Venezuelan government not recognized by the US.
Exceptions allow contracts for humanitarian aid, disaster relief, and national security needs.
Companies with special US licenses can still do business with the US government.
This rule applies to contracts made from now on.
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Additional Information
BOLIVAR Act
Print number: HR 621
Sponsor: Rep. Waltz, Michael [R-FL-6]
Process start date: 2021-01-28