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Banning Operations and Leases with the Illegitimate Venezuelan Authoritarian Regime Act (HR 825)

Score:

88

%

Federal

2024

Latest Action:

Updated:

Chamber:

This bill, also known as the BOLIVAR Act, aims to prohibit U.S. executive agencies from contracting with persons who have significant business operations with the Maduro regime in Venezuela, not recognized as legitimate by the U.S. Exceptions are made for contracts necessary for humanitarian aid, disaster relief, noncombatant evacuations, national security interests, and maintaining U.S. government facilities in Venezuela. Contracts are also exempt if the entity has a valid license from the Office of Foreign Assets Control or relates to U.S. diplomatic missions in Venezuela. The Secretary of State can waive these prohibitions if deemed in the national interest.

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