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    Pana Act

    Uploaded by

    Maria Tablante
    This bill establishes the Venezuela Restoration Fund to support democratic governance and human rights in Venezuela. The fund would consist of assets forfeited from individuals connected to the regimes of Hugo Chavez and Nicolas Maduro. Money in the fund could be used to strengthen Venezuela's democratic institutions, defend human rights, support independent media, and combat corruption. The Secretary of State would allocate funds and submit annual reports to Congress accounting for money deposited and spent from the fund.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Pana Act

    Uploaded by

    Maria Tablante
    139 views3 pages
    This bill establishes the Venezuela Restoration Fund to support democratic governance and human rights in Venezuela. The fund would consist of assets forfeited from individuals connected to the regimes of Hugo Chavez and Nicolas Maduro. Money in the fund could be used to strengthen Venezuela's democratic institutions, defend human rights, support independent media, and combat corruption. The Secretary of State would allocate funds and submit annual reports to Congress accounting for money deposited and spent from the fund.

    Original Description:

    El proyecto PANA

    Original Title

    PANA-ACT (1)

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    This bill establishes the Venezuela Restoration Fund to support democratic governance and human rights in Venezuela. The fund would consist of assets forfeited from individuals connected to the regimes of Hugo Chavez and Nicolas Maduro. Money in the fund could be used to strengthen Venezuela's democratic institutions, defend human rights, support independent media, and combat corruption. The Secretary of State would allocate funds and submit annual reports to Congress accounting for money deposited and spent from the fund.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    139 views3 pages

    Pana Act

    Uploaded by

    Maria Tablante
    This bill establishes the Venezuela Restoration Fund to support democratic governance and human rights in Venezuela. The fund would consist of assets forfeited from individuals connected to the regimes of Hugo Chavez and Nicolas Maduro. Money in the fund could be used to strengthen Venezuela's democratic institutions, defend human rights, support independent media, and combat corruption. The Secretary of State would allocate funds and submit annual reports to Congress accounting for money deposited and spent from the fund.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    DAV23J68 PD3 S.L.C.

    S. ll
    118TH CONGRESS
    1ST SESSION

    To establish a Venezuela Restoration Fund, and for other purposes.

    IN THE SENATE OF THE UNITED STATES


    llllllllll
    Mr. CRUZ (for himself, Mr. RUBIO, Mr. BARRASSO, Mr. SCOTT of Florida, Mr.
    YOUNG, Mr. RICKETTS, and Mr. HAGERTY) introduced the following bill;
    which was read twice and referred to the Committee on
    llllllllll

    A BILL
    To establish a Venezuela Restoration Fund, and for other
    purposes.

    1 Be it enacted by the Senate and House of Representa-


    2 tives of the United States of America in Congress assembled,
    3 SECTION 1. SHORT TITLE.

    4 This Act may be cited as the ‘‘Preserving Account-


    5 ability for National Assets Act of 2023’’ or the ‘‘PANA
    6 Act’’.
    7 SEC. 2. VENEZUELA RESTORATION FUND.

    8 (a) ESTABLISHMENT.—There is established in the


    9 United States Treasury a fund, to be known as the ‘‘Ven-
    DAV23J68 PD3 S.L.C.

    2
    1 ezuela Restoration Fund’’, which shall consist of amounts
    2 deposited in the Fund under subsection (c).
    3 (b) USES.—Amounts in the Fund—
    4 (1) shall be available to the Secretary of State
    5 only for the purposes described in paragraph (2),
    6 without fiscal year limitation or need for subsequent
    7 appropriation;
    8 (2) shall be used only for the purposes of—
    9 (A) strengthening democratic governance
    10 and institutions, including the democratically
    11 elected National Assembly of Venezuela;
    12 (B) defending internationally recognized
    13 human rights for the people of Venezuela, in-
    14 cluding support for efforts to document crimes
    15 against humanity and violations of human
    16 rights;
    17 (C) supporting the efforts of independent
    18 media outlets to broadcast, distribute, and
    19 share information beyond the limited channels
    20 made available by the Maduro regime; and
    21 (D) combatting corruption and improving
    22 the transparency and accountability of institu-
    23 tions that are part of the Maduro regime;
    DAV23J68 PD3 S.L.C.

    3
    1 (3) may support governmental and nongovern-
    2 mental parties in advancing the purposes described
    3 in paragraph (2); and
    4 (4) shall be allocated in a manner complemen-
    5 tary to existing United States foreign assistance, di-
    6 plomacy, and anti-corruption activities.
    7 (c) FUNDING.—Beginning on or after the date of the
    8 enactment of this Act, notwithstanding any other provi-
    9 sion of law, in the case of any funds or assets forfeited
    10 to the United States by an individual or entity connected
    11 to the regimes of Hugo Chávez and Nicolás Maduro in
    12 Venezuela, the funds or assets will be deposited in the
    13 Venezuela Restoration Fund established under subsection
    14 (a).
    15 (d) REPORTING.—Not later than 1 year after the
    16 date of the enactment of this Act and not less frequently
    17 than annually thereafter, the Secretary of State shall sub-
    18 mit a report to the appropriate congressional committees
    19 that includes—
    20 (1) an accounting of the amount and sources of
    21 funds that have been deposited into the Venezuela
    22 Restoration Fund; and
    23 (2) a summary of the obligation, amounts, and
    24 expenditure of such funds.

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