arrow_back Back to App

Imposing Sanctions and Authorizing Aid to Promote Venezuelan Democracy.

This Act imposes extensive financial and property sanctions against the Nicolas Maduro regime, prohibiting US citizens and entities from dealing in Venezuelan debt instruments and regime-issued cryptocurrencies. US persons must adhere to these prohibitions, impacting their investment and transactional capabilities related to Venezuela, with severe penalties for violations. It simultaneously authorizes support for pro-democracy groups and mandates the preparation of a large-scale humanitarian and development aid plan, to be implemented only after a democratically elected government takes power.
Key points
Financial Transaction Ban: US persons are prohibited from trading in Venezuelan debt (including PDVSA) and digital currencies issued by the Maduro regime.
Asset Blocking: Property and interests of the Government of Venezuela and its supporters, located in the US or controlled by US persons, are blocked.
Support for Democracy: Authorization of funds for human rights organizations and international election observers in Venezuela.
Future Aid Plan: A comprehensive plan for humanitarian and development assistance is mandated, contingent upon the establishment of a democratic government.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_9546
Sponsor: Rep. Salazar, Maria Elvira [R-FL-27]
Process start date: 2024-09-11
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

VALOR Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9546.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-09-11.

What are the main provisions?

Key points include:

  • Financial Transaction Ban: US persons are prohibited from trading in Venezuelan debt (including PDVSA) and digital currencies issued by the Maduro regime.
  • Asset Blocking: Property and interests of the Government of Venezuela and its supporters, located in the US or controlled by US persons, are blocked.
  • Support for Democracy: Authorization of funds for human rights organizations and international election observers in Venezuela.
  • Future Aid Plan: A comprehensive plan for humanitarian and development assistance is mandated, contingent upon the establishment of a democratic government.
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 Rep. Salazar, Maria Elvira [R-FL-27].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Trade.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy Security