Ban on Contracts with Companies Supporting Venezuelan Regime
New legislation prohibits U.S. government agencies from entering into contracts with companies that conduct significant business operations with the unrecognized Venezuelan government. This aims to limit support for that regime. However, exceptions exist for humanitarian aid or U.S. national security activities.
Key points
U.S. executive agencies are prohibited from contracting with entities doing significant business with the unrecognized Venezuelan government.
Exceptions include contracts for humanitarian aid, disaster relief, noncombatant evacuations, and U.S. national security interests.
The prohibition applies for a three-year period from the act's enactment date.
Status:
Introduced
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