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US Sanctions and Aid to Promote Venezuelan Democracy.

This Act imposes strict new financial sanctions on the Nicolás Maduro regime and its supporters, prohibiting US citizens and entities from dealing in Venezuelan debt and regime-issued cryptocurrencies. Crucially, it facilitates humanitarian aid by explicitly allowing the donation of food and export of medicines to independent organizations in Venezuela. The ultimate goal is a peaceful transition to democracy, with sanctions only being lifted upon the establishment of a democratically elected government.
Key points
Financial Restrictions: US persons are prohibited from transactions involving Venezuelan debt (including PDVSA) and digital currencies issued by the Maduro regime.
Humanitarian Exception: The law explicitly permits the export of food and medical supplies to independent NGOs in Venezuela, overriding general sanctions.
International Pressure: The US will oppose Venezuela's membership in international financial institutions until a democratic government is in place.
Path to Sanctions Relief: Clear criteria are established for recognizing a transition or democratically elected government, which triggers the suspension or termination of sanctions.
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Additional Information
Print number: 118_S_995
Sponsor: Sen. Risch, James E. [R-ID]
Process start date: 2023-03-28
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OFFICIAL LEGAL TITLE

Venezuelan Democracy Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_995.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-03-28.

What are the main provisions?

Key points include:

  • Financial Restrictions: US persons are prohibited from transactions involving Venezuelan debt (including PDVSA) and digital currencies issued by the Maduro regime.
  • Humanitarian Exception: The law explicitly permits the export of food and medical supplies to independent NGOs in Venezuela, overriding general sanctions.
  • International Pressure: The US will oppose Venezuela's membership in international financial institutions until a democratic government is in place.
  • Path to Sanctions Relief: Clear criteria are established for recognizing a transition or democratically elected government, which triggers the suspension or termination of sanctions.
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 2025-12-27.

CATEGORIES

Economy Security