Banning Federal Contracts with Companies Supporting Venezuelan Regime.
This law prevents US federal agencies from signing contracts with companies that conduct significant business operations with the Venezuelan authority not recognized by the US. The goal is to ensure that US taxpayer money does not indirectly support the authoritarian Maduro regime. The prohibition lasts for three years but includes exceptions for humanitarian aid and national security needs.
Key points
US government agencies are prohibited from procuring goods or services from entities significantly involved in business with the non-recognized Venezuelan government.
This measure reinforces US foreign policy by cutting off federal funds to companies supporting the Maduro regime.
Key exceptions allow contracts necessary for humanitarian aid, disaster relief, national security, and maintaining US diplomatic missions.
Status:
Expired
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