Venezuelan Democracy Act

The Venezuelan Democracy Act establishes specific criteria for determining when Venezuela has a transition government or democratically elected government, including requirements for respecting human rights, restoring democratic institutions, and releasing political prisoners. It imposes financial sanctions on the Maduro regime, blocking transactions related to debt instruments and cryptocurrency, and restricts Venezuela's membership in international financial institutions until a democratically elected government is in place. The bill authorizes U.S. support for democratic groups, human rights observers, and humanitarian assistance to the Venezuelan people, while directing that aid be provided through transition or democratically elected governments. Sanctions can be suspended or terminated if Venezuela meets the established democratic transition criteria, aiming to promote democratic change through targeted sanctions and support for democratic institutions.