BRAVE Burma Act

This bill, called the BRAVE Burma Act, extends the existing sanctions law on Burma by ten years and requires the President to annually assess whether specific Burmese entities and individuals should face sanctions. It mandates the creation of a Special Envoy for Burma with ambassadorial rank to coordinate U.S. diplomatic efforts, including working with international partners to impose sanctions and arms embargoes on the Burmese military. The legislation also directs the Treasury Department to limit Burma's shareholding benefits at the International Monetary Fund if the State Security and Peace Commission remains in power, while allowing the President to waive this restriction for national interest reasons.