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May 23, 2019

#VERDAD: @USSenate Foreign Relations Committee passes #Venezuela Emergency Relief, Democracy Assistance, and Development -VERDAD- Act

Among key points: 

- $400MM Humanitarian Assistance 

- Removes sanctions on individuals not involved in human rights abuses if they recognize Interim President Guaidó.

- Clearly states this legislation is NOT an authorization of the use of military force against Venezuela. 


WASHINGTON – Senator Bob Menendez (D-N.J.), Ranking Member of the Senate Foreign Relations Committee, and Senator Marco Rubio (R-Fla.) today praised committee passage of the Venezuela Emergency Relief, Democracy Assistance, and Development (VERDAD) Act, the most comprehensive effort to date to confront the crisis in Venezuela. The bipartisan legislation will now move forward to be considered by the full Senate.

A summary of the bill follows below:

Support for Venezuela's Interim President and Recognition of the Venezuelan National Assembly

Establishes U.S. policy to pursue a peaceful, diplomatic solution to the Venezuelan crisis.
Increased Humanitarian Relief for Venezuela

Authorizes $400 million in new humanitarian assistance.

Addressing Maduro Regime's Kleptocracy

- Prohibits visas for the family members of sanctioned individuals, but establishes a waiver with conditions to lift visa restrictions.

- Removes sanctions on designated individuals not involved in human rights abuse if they recognize Venezuela's Interim President.

- Requires the State Department to work with Latin American and European governments to implement their own sanctions.

Supporting the Reconstruction of Venezuela

- Requires the Departments of State, Treasury and Justice to lead international efforts to freeze, recover, and repurpose the corrupt financial holdings of Venezuelan officials;

- Accelerates planning with international financial institutions on the economic reconstruction of Venezuela, contingent upon the restoration of democratic governance.

- Establishes that nothing in this legislation is an authorization of the use of military force against Venezuela. 

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https://www.foreign.senate.gov/press/ranking/release/senate-committee-approves-comprehensive-legislation-to-help-restore-democracy-in-venezuela-


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