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Venezuela Reconstruction Fund: Confiscated Assets for Democracy and Human Rights

This act establishes a special fund in the U.S. to receive money and assets confiscated from individuals connected to former Venezuelan regimes. These funds will be used to support democracy, human rights, and independent media in Venezuela, as well as to combat corruption. The aim is to improve the situation for Venezuelan citizens by fostering stability and transparency.
Key points
Establishment of the Venezuela Restoration Fund within the U.S. Treasury.
The fund will be financed by assets forfeited from individuals linked to the Hugo Chávez and Nicolás Maduro regimes.
Funds will be used to strengthen democratic governance, defend human rights, support independent media, and combat corruption in Venezuela.
The Secretary of State will regularly report to Congress on the fund's use.
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Expired
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Additional Information
Print number: 117_S_1417
Sponsor: Sen. Cruz, Ted [R-TX]
Process start date: 2021-04-28
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

PANA Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1417.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-04-28.

What are the main provisions?

Key points include:

  • Establishment of the Venezuela Restoration Fund within the U.S. Treasury.
  • The fund will be financed by assets forfeited from individuals linked to the Hugo Chávez and Nicolás Maduro regimes.
  • Funds will be used to strengthen democratic governance, defend human rights, support independent media, and combat corruption in Venezuela.
  • The Secretary of State will regularly report to Congress on the fund's use.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Cruz, Ted [R-TX].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

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