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VALOR Act: Strengthening Sanctions and Support for Venezuelan Democracy

This Act reinforces US policy aimed at a peaceful transition to democracy in Venezuela. It introduces strict new financial sanctions, including prohibiting US persons from dealing in Venezuelan debt and regime-issued cryptocurrencies, directly impacting American businesses and investors. Concurrently, the law authorizes support for pro-democracy groups and prepares a comprehensive plan for humanitarian and development aid to be deployed once a democratic government is established.
Key points
New Financial Restrictions: US citizens and companies are prohibited from trading in Venezuelan debt (including PDVSA) and cryptocurrencies issued by the Maduro regime, with severe penalties for violations.
Asset Blocking: All property and interests in property of the Government of Venezuela and its supporters located in the US or controlled by US persons are blocked.
Humanitarian and Democratic Support: The US will financially support pro-democracy groups and humanitarian organizations in Venezuela, while preparing a large aid package (food, medicine, development) for the post-transition period.
Conditions for Sanctions Removal: Sanctions will only be lifted after the US President determines that a democratically elected government is in power, based on criteria like free elections, respect for human rights, and the release of political prisoners.
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Additional Information
Print number: 118_S_5003
Sponsor: Sen. Risch, James E. [R-ID]
Process start date: 2024-09-10
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Source data: api.congress.gov
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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_S_5003.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-09-10.

What are the main provisions?

Key points include:

  • New Financial Restrictions: US citizens and companies are prohibited from trading in Venezuelan debt (including PDVSA) and cryptocurrencies issued by the Maduro regime, with severe penalties for violations.
  • Asset Blocking: All property and interests in property of the Government of Venezuela and its supporters located in the US or controlled by US persons are blocked.
  • Humanitarian and Democratic Support: The US will financially support pro-democracy groups and humanitarian organizations in Venezuela, while preparing a large aid package (food, medicine, development) for the post-transition period.
  • Conditions for Sanctions Removal: Sanctions will only be lifted after the US President determines that a democratically elected government is in power, based on criteria like free elections, respect for human rights, and the release of political prisoners.
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. Risch, James E. [R-ID].

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 2025-12-26.

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