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Venezuela Restoration Fund: Forfeited Assets for Democracy and Human Rights

This bill establishes a Venezuela Restoration Fund in the U.S. Treasury, financed by assets and funds forfeited to the United States by individuals and entities connected to the Chávez and Maduro regimes. These funds are designated for supporting democratic governance, defending human rights, supporting independent media, and combatting corruption in Venezuela.
Key points
Fund Creation: Establishes the Venezuela Restoration Fund, financed by assets forfeited by entities connected to the Venezuelan regimes.
Spending Purpose: Funds must be used to support democratic institutions, defend human rights, and combat corruption in Venezuela.
Accountability: The Secretary of State is required to report annually to Congress on the sources and expenditures of the Fund.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_S_3159
Sponsor: Sen. Cruz, Ted [R-TX]
Process start date: 2023-10-26
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

PANA Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3159.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-10-26.

What are the main provisions?

Key points include:

  • Fund Creation: Establishes the Venezuela Restoration Fund, financed by assets forfeited by entities connected to the Venezuelan regimes.
  • Spending Purpose: Funds must be used to support democratic institutions, defend human rights, and combat corruption in Venezuela.
  • Accountability: The Secretary of State is required to report annually to Congress on the sources and expenditures of the Fund.
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 2025-12-30.

CATEGORIES

Economy Courts and Law International Affairs