,,ii #aaith ,,congress #ast ,session ,s4 #cg ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,january #h1 #bjbe,mr4 ,risch 7for himself1 ,mr4 ,bennet1 ,mr4 ,barrasso1 ,mr4 ,scott of ,florida1 ,mr4 ,sullivan1 ,mr4 ,cassidy1 and ,mr4 ,ricketts7 introduced the following bill2 which was read twice and referred to the ,committee on ,foreign ,relations ,a ,,bill ,to promote democracy in ,venezuela1 and for other purposes4 #a4 ,short title2 table of contents 7a7 ,short title ,this ,act may be cited as the ,venezuela ,advancing ,liberty1 ,opportunity1 and ,rights ,act of #bjbe or the ,,valor ,act of #bjbe4 7b7 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title2 table of contents4,sec4 #b4 ,statement of policy4,sec4 #c4 ,appropriate congressional committees defined4,,title ,i--,determinations of a democratically elected government in ,venezuela,sec4 #aja4 ,determinations of a democratically elected government in ,venezuela4,,title ,,ii--,promoting democratic change in ,venezuela,sec4 #bja4 ,united ,states policy regarding participation of ,venezuela in international financial institutions4,sec4 #bjb4 ,united ,states policy regarding participation of ,venezuela in the ,organization of ,american ,states4,sec4 #bjc4 ,authorization of support for democratic and human rights groups and international observers4,sec4 #bjd4 ,support for the people of ,venezuela4,,title ,,iii--,sanctions,sec4 #cja4 ,definitions4,sec4 #cjb4 ,blocking international support for a nondemocratic government in ,venezuela4,sec4 #cjc4 ,financial sanctions with respect to debt instruments of ,maduro regime4,sec4 #cjd4 ,sanctions with respect to cryptocurrency and related technologies in ,venezuela4,sec4 #cje4 ,blocking property of the ,government of ,venezuela4,sec4 #cjf4 ,termination of sanctions4,sec4 #cjg4 ,implementation2 penalties4,sec4 #cjh4 ,report on specific licenses that authorize transactions with sanctioned persons4,sec4 #cji4 ,report on foreign persons doing business with the ,maduro regime4,,title ,,iv--,assistance to a free and independent ,venezuela,sec4 #dja4 ,assistance for the people of ,venezuela4,sec4 #djb4 ,report on trade and investment relations between the ,united ,states and ,venezuela4,,title ,v--,general provisions,sec4 #eja4 ,effect on lawful ,united ,states ,government activities4,sec4 #ejb4 ,exception relating to importation of goods4 #b4 ,statement of policy ,it is the policy of the ,united ,states-- 7#a7 to seek a peaceful transition to democracy in ,venezuela through support for the people of ,venezuela1 and the use of the full range of diplomatic tools1 including the careful application of sanctions directed at the regime of ,nicolas ,maduro and any nondemocratic successor government2 7#b7 to seek the cooperation of other democratic countries in supporting a transition described in paragraph 7#a72 7#c7 to stop the evasion of ,united ,states sanctions on the ,maduro regime and to seek the speedy termination of any remaining military1 security1 or technical assistance1 subsidies1 or other forms of assistance to the ,maduro regime and any nondemocratic successor government from the government of any other country1 including the governments of the ,republic of ,cuba1 the ,islamic ,republic of ,iran1 the ,russian ,federation1 and the ,people's ,republic of ,china2 7#d7 to maintain sanctions on the ,maduro regime so long as it continues to refuse to move toward democratization and greater respect for internationally recognized human rights2 and 7#e7 to be prepared to reduce the sanctions imposed with respect to ,venezuela in carefully calibrated ways in response to demonstrable progress toward democratization in ,venezuela as described in paragraph 7#a74 #c4 ,appropriate congressional committees defined ,in this ,act1 the term appropriate congressional committees means-- 7#a7 the ,committee on ,foreign ,relations and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate2 and 7#b7 the ,committee on ,foreign ,affairs and the ,committee on ,financial ,services of the ,house of ,representatives4 ,i ,determinations of a democratically elected government in ,venezuela #aja4 ,determinations of a democratically elected government in ,venezuela 7a7 ,in general ,upon making a determination that a democratically elected government is in power in ,venezuela1 the ,president shall submit that determination to the appropriate congressional committees4 7b7 ,requirements for determining a democratically elected government is in power in ,venezuela ,for the purposes of making a determination under subsection 7a71 a democratically elected government in ,venezuela is a government that-- 7#a7 results from free and fair elections-- 7,a7 conducted under the supervision of internationally recognized election observers2 and 7,b7 in which-- 7i7 all qualified candidates were allowed to participate2 7ii7 opposition parties were permitted ample time to organize and campaign for such elections2 and 7iii7 all qualified candidates were permitted full access to the media2 7#b7 is making demonstrable progress in-- 7,a7 establishing an independent judiciary2 7,b7 respecting internationally recognized human rights1 basic civil liberties1 and fundamental freedoms as set forth in the ,universal ,declaration of ,human ,rights1 which was adopted unanimously by the ,united ,nations ,general ,assembly and supported by ,venezuela2 7,c7 allowing the establishment of independent social1 economic1 and political associations2 7,d7 effectively guaranteeing the rights of free speech and freedom of the press1 including granting permits to privately owned media and telecommunications companies to operate in ,venezuela2 and 7,e7 assuring the right to private property2 7#c7 does not include ,nicolas ,maduro or any persons-- 7,a7 with respect to which sanctions have been imposed by the ,office of ,foreign ,assets ,control2 or 7,b7 sought by the ,united ,states ,department of ,justice2 7#d7 has lifted the order of contempt issued by the ,venezuelan ,supreme ,tribunal of ,justice 7,,tsj7 on ,january #aa1 #bjaf1 against the ,national ,assembly convened on ,january #f1 #bjaf1 including by restoring all powers of the ,national ,assembly and the immunities for deputies2 7#e7 has ceased to interfere with the functioning of all political parties and candidates1 including by lifting all judicial interventions of political parties and restrictions on all presidential candidates2 7#f7 has released all political prisoners and allowed for investigations of ,venezuelan prisons by appropriate international human rights organizations2 7#g7 has dissolved the ,colectivos and any state security and intelligence service credibly accused of committing gross violations of human rights2 7#h7 is taking genuine efforts to extradite or otherwise render to the ,united ,states all persons sought by the ,united ,states ,department of ,justice for crimes committed in the ,united ,states2 7#i7 is not providing any support to any group1 in any other country1 that seeks the violent overthrow of the government of that country2 7#aj7 has permitted the deployment throughout ,venezuela of independent and unfettered international human rights monitors2 and 7#aa7 has freed all hostages and illegally and wrongfully detained ,united ,states nationals4 ,,ii ,promoting democratic change in ,venezuela #bja4 ,united ,states policy regarding participation of ,venezuela in international financial institutions 7a7 ,in general ,the ,secretary of the ,treasury shall instruct the ,united ,states executive director of each international financial institution to use the voice and vote of the ,united ,states to oppose the seating of representatives of the regime of ,nicolas ,maduro or any nondemocratic successor government as a member of that institution4 7b7 ,steps after democratically elected government in power ,on and after the date on which the ,president submits to the appropriate congressional committees a determination under section #aja7;a7 that a democratically elected government is in power in ,venezuela-- 7#a7 the ,president is encouraged to take steps to support the seating of representatives of the democratically elected government to represent ,venezuela in each international financial institution2 and 7#b7 the ,secretary of the ,treasury shall instruct the ,united ,states executive director of each international financial institution to oppose any assistance from the institution to ,venezuela that the ,united ,states ,government does not assess contributes to a stable foundation for a democratically elected government in ,venezuela4 7c7 ,international financial institution defined ,in this section1 the term international financial institution means each of the following3 7#a7 ,the ,international ,monetary ,fund4 7#b7 ,the ,international ,bank for ,reconstruction and ,development4 7#c7 ,the ,international ,development ,association4 7#d7 ,the ,international ,finance ,corporation4 7#e7 ,the ,multilateral ,investment ,guarantee ,agency4 7#f7 ,the ,inter-,american ,development ,bank4 #bjb4 ,united ,states policy regarding participation of ,venezuela in the ,organization of ,american ,states ,the ,president shall instruct the ,united ,states ,permanent ,representative to the ,organization of ,american ,states to use the voice and vote of the ,united ,states to oppose any measure that would allow a nondemocratic government of ,venezuela to participate in the ,organization of ,american ,states until the ,president submits to the appropriate congressional committees a determination under section #aja7;a7 that a democratically elected government is in power in ,venezuela4 #bjc4 ,authorization of support for democratic and human rights groups and international observers 7a7 ,in general ,notwithstanding any other provision of law 7other than section #fcd;,a of the ,foreign ,assistance ,act of #aifa 7#bb ,u4,s4,c4 #bcid-a7 or any comparable notification requirement contained in any ,act making appropriations for the ,department of ,state1 foreign operations1 and related programs71 the ,president may provide assistance and other support for individuals and independent nongovernmental organizations to support democracy-building efforts in ,venezuela1 including as described in subsections 7b7 and 7c74 7b7 ,organization of ,american ,states emergency fund 7#a7 ,for support of internationally recognized human rights and free and fair elections ,the ,president shall take the necessary steps to encourage the ,organization of ,american ,states to create a special emergency fund for the explicit purpose of deploying human rights observers and individuals and organizations engaged in election support and election observation in ,venezuela4 7#b7 ,voluntary contributions for fund ,the ,president should provide not less than #e1jjj1jjj of the voluntary contributions of the ,united ,states to the ,organization of ,american ,states solely for the purposes of the special fund referred to in paragraph 7#a74 7c7 ,action of other member states ,the ,president should instruct the ,united ,states ,permanent ,representative to the ,organization of ,american ,states to encourage other member states of the ,organization to join in calling for the ,government of ,venezuela to allow the immediate deployment of independent human rights monitors of the ,organization of ,american ,states throughout ,venezuela and on-site visits to ,venezuela by the ,inter-,american ,commission on ,human ,rights4 7d7 ,denial of funds to ,government of ,venezuela ,in implementing this section1 the ,president shall take all necessary steps to ensure that no funds or other assistance is provided to a nondemocratic government of ,venezuela4 #bjd4 ,support for the people of ,venezuela ,the ,president-- 7#a7 may1 pursuant to ,general ,license #bi of the ,office of ,foreign ,assets ,control of the ,department of the ,treasury1 provide assistance through independent nongovernmental organizations to support humanitarian projects in ,venezuela-- 7,a7 to meet basic human needs2 7,b7 to build democracy2 7,c7 to provide education2 7,d7 for non-commercial development projects2 and 7,e7 for environmental protection2 and 7#b7 shall establish safeguards to ensure that any assistance provided pursuant to paragraph 7#a7 is-- 7,a7 not providing material benefit to the ,maduro regime2 and 7,b7 used for the purposes for which it was intended and only for the use and benefit of the people of ,venezuela4 ,,iii ,sanctions #cja4 ,definitions ,in this title3 7#a7 ,entity ,the term entity means a partnership1 association1 trust1 joint venture1 corporation1 group1 subgroup1 or organization4 7#b7 ,government of ,venezuela ,the term ,government of ,venezuela includes-- 7,a7 the state and ,government of ,venezuela2 7,b7 any political subdivision1 agency1 or instrumentality thereof1 including the ,central ,bank of ,venezuela and ,petroleos de ,venezuela1 ,s4,a42 7,c7 any person owned or controlled1 directly or indirectly1 by an entity described in subparagraph 7,a7 or 7,b72 and 7,d7 any person that has acted or purported to act directly or indirectly for or on behalf of an entity described in subparagraph 7,a7 or 7,b71 including as a member of the regime of ,nicolas ,maduro or any nondemocratic successor government in ,venezuela4 7#c7 ,person ,the term person means an individual or entity4 7#d7 ,united ,states person ,the term ,united ,states person means-- 7,a7 a ,united ,states citizen or alien lawfully admitted for permanent residence to the ,united ,states2 7,b7 any entity organized under the laws of the ,united ,states or any jurisdiction within the ,united ,states 7including a foreign branch of any such entity72 and 7,c7 any person physically located in the ,united ,states4 #cjb4 ,blocking international support for a nondemocratic government in ,venezuela 7a7 ,statement of policy regarding ,venezuelan trading partners ,the ,president should encourage the governments of countries that conduct trade with ,venezuela to restrict their trade and credit relations with ,venezuela in a manner consistent with the purposes of this ,act4 7b7 ,sanctions against countries assisting a nondemocratic government in ,venezuela 7#a7 ,in general ,the ,president may impose the following sanctions with respect to any country that provides assistance to the regime of ,nicolas ,maduro or any nondemocratic successor government in ,venezuela3 7,a7 ,the ,president may determine that the government of such country is not eligible for nonhumanitarian assistance under the ,foreign ,assistance ,act of #aifa 7#bb ,u4,s4,c4 #baea et seq47 or assistance or sales under the ,arms ,export ,control ,act 7#bb ,u4,s4,c4 #bgea et seq474 7,b7 ,the ,president may determine that the country is not eligible1 under any program1 for forgiveness or reduction of debt owed to the ,united ,states ,government4 7#b7 ,termination ,the authority to impose sanctions under this section shall cease to apply at such time as the ,president submits to the appropriate congressional committees a determination under section #aja7;a7 that a democratically elected government is in power in ,venezuela4 7c7 ,definitions ,in this section3 7#a7 ,assistance to ,venezuela ,the term assistance to ,venezuela-- 7,a7 means assistance to or for the benefit of the ,government of ,venezuela that is provided by grant1 concessional sale1 guaranty1 or insurance1 or by any other means on terms more favorable than that generally available in the applicable market1 whether in the form of a loan1 lease1 credit1 or otherwise2 7,b7 includes-- 7i7 subsidies for exports to ,venezuela2 7ii7 favorable tariff treatment of articles that are the growth1 product1 or manufacture of ,venezuela2 and 7iii7 an exchange1 reduction1 or forgiveness of debt owed by the ,government of ,venezuela to a foreign country in return for a grant of an equity interest in a property1 investment1 or operation of the ,government of ,venezuela 7including any agency or instrumentality of the ,government of ,venezuela7 or a national of ,venezuela2 and 7,c7 does not include-- 7i7 humanitarian assistance1 including donations of food1 made available to nongovernmental organizations or individuals in ,venezuela2 or 7ii7 exports of medicines or medical supplies1 instruments1 or equipment4 7#b7 ,agency or instrumentality of the ,government of ,venezuela ,the term agency or instrumentality of the ,government of ,venezuela has the meaning given the term agency or instrumentality of a foreign state in section #afjc7;b7 of title #bh1 ,united ,states ,code1 except that each reference in such section to a foreign state shall be deemed to be a reference to the ,government of ,venezuela4 #cjc4 ,financial sanctions with respect to debt instruments of ,maduro regime 7a7 ,prohibition of certain transactions 7#a7 ,in general ,beginning on the date of the enactment of this ,act1 all transactions by a ,united ,states person or within the ,united ,states that relate to1 provide financing for1 or otherwise deal in debt instruments issued by1 for1 or on behalf of ,petroleos de ,venezuela1 ,s4,a41 or the regime of ,nicolas ,maduro or any nondemocratic successor government in ,venezuela1 are prohibited4 7#b7 ,inclusions ,the prohibition under paragraph 7#a7 includes a prohibition on-- 7,a7 entering into any transaction in-- 7i7 debt instruments with a maturity of more than #ij days issued by ,petrleos de ,venezuela1 ,s4,a41 on or after the date of the enactment of this ,act2 7ii7 debt instruments with a maturity of more than #cj days or equity issued by the ,maduro regime on or after such date of enactment1 other than debt instruments issued by ,petrleos de ,venezuela1 ,s4,a41 covered by clause 7i72 7iii7 bonds issued by the ,maduro regime before such date of enactment2 or 7iv7 dividend payments or other distributions of profits to the ,maduro regime from any entity owned or controlled1 directly or indirectly1 by the ,maduro regime2 7,b7 the direct or indirect purchase of securities from the ,maduro regime1 other than-- 7i7 securities qualifying as debt instruments issued by ,petrleos de ,venezuela1 ,s4,a41 covered by subparagraph 7,a77i72 and 7ii7 securities qualifying as debt instruments issued by the ,maduro regime covered by subparagraph 7,a77ii72 7,c7 purchasing any debt owed to the ,maduro regime1 including accounts receivable2 7,d7 entering into any transaction related to any debt owed to the ,maduro regime that is pledged as collateral after ,may #ba1 #bjah1 including accounts receivable2 7,e7 entering into any transaction involving the selling1 transferring1 assigning1 or pledging as collateral by the ,maduro regime of any equity interest in any entity in which the ,maduro regime has a #ej percent or greater ownership interest2 and 7,f7 entering into any transaction that evades or avoids1 has the purpose of evading or avoiding1 causes a violation of1 or attempts to violate any of the prohibitions set forth in this subsection4 7b7 ,rulemaking 7#a7 ,in general ,the ,secretary of the ,treasury1 in consultation with the ,secretary of ,state1 may take such actions1 including prescribing rules and regulations1 as are necessary to implement this section4 7#b7 ,delegation ,the ,secretary of the ,treasury may redelegate the authority described in paragraph 7#a7 to other officers and agencies of the ,united ,states ,government4 7c7 ,responsibility of other agencies ,all agencies of the ,united ,states ,government shall take all appropriate measures within their authority to carry out the provisions of this section4 #cjd4 ,sanctions with respect to cryptocurrency and related technologies in ,venezuela 7a7 ,prohibition of certain transactions 7#a7 ,in general ,beginning on the date of the enactment of this ,act1 the following transactions are prohibited3 7,a7 ,any transaction by a ,united ,states person or within the ,united ,states that relates to1 provides financing for1 or otherwise deals in any digital currency1 digital coin1 or digital token1 that was issued by1 for1 or on behalf of the regime of ,nicolas ,maduro or any nondemocratic successor government4 7,b7 ,any transaction that evades or avoids1 has the purpose of evading or avoiding1 causes a violation of1 or attempts to violate the prohibition under subparagraph 7,a74 7#b7 ,applicability ,the prohibitions under paragraph 7#a7 shall apply-- 7,a7 to the extent provided by statutes1 or in regulations1 orders1 directives1 or licenses that may be issued pursuant to this section2 and 7,b7 notwithstanding any contract entered into or any license or permit granted before the date of the enactment of this ,act4 7b7 ,rulemaking 7#a7 ,in general ,the ,secretary of the ,treasury1 in consultation with the ,secretary of ,state1 may take such actions1 including prescribing rules and regulations1 as are necessary to implement this section4 7#b7 ,delegation ,the ,secretary of the ,treasury may redelegate the authority described in paragraph 7#a7 to other officers and agencies of the ,united ,states ,government4 7c7 ,responsibility of other agencies ,all agencies of the ,united ,states ,government shall take all appropriate measures within their authority to carry out the provisions of this section4 #cje4 ,blocking property of the ,government of ,venezuela 7a7 ,blocking of property ,the ,president shall exercise all powers granted to the ,president by the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agja et seq47 to the extent necessary to block and prohibit all transactions in all property and interests in property of the ,government of ,venezuela and any person described in subsection 7b7 if such property and interests in property are in the ,united ,states1 come within the ,united ,states1 or are or come within the possession or control of a ,united ,states person4 7b7 ,persons described ,a person described in this subsection is any person determined by the ,secretary of the ,treasury1 in consultation with the ,secretary of ,state-- 7#a7 to have materially assisted1 sponsored1 or provided financial1 material1 or technological support for1 or goods or services to or in support of1 any person the property and interests in property of which are blocked pursuant to subsection 7a72 or 7#b7 to be owned or controlled by1 or to have acted or purported to act for or on behalf of1 directly or indirectly1 any person the property and interests in property of which are blocked pursuant to subsection 7a74 7c7 ,prohibitions on evasion ,any transaction that evades or avoids1 has the purpose of evading or avoiding1 causes a violation of1 or attempts to violate1 the prohibition under subsection 7a7 is prohibited4 7d7 ,applicability ,subsection 7a7 and the prohibition under subsection 7c7 shall apply-- 7#a7 to the extent provided by statutes1 or in regulations1 orders1 directives1 or licenses that may be issued pursuant to this section2 and 7#b7 notwithstanding any contract entered into or any license or permit granted before the date of the enactment of this ,act4 7e7 ,rulemaking 7#a7 ,in general ,the ,secretary of the ,treasury1 in consultation with the ,secretary of ,state1 may take such actions1 including prescribing rules and regulations1 as are necessary to implement this section4 7#b7 ,delegation ,the ,secretary of the ,treasury may redelegate the authority described in paragraph 7#a7 to other officers and agencies of the ,united ,states ,government4 7f7 ,responsibility of other agencies ,all agencies of the ,united ,states ,government shall take all appropriate measures within their authority to carry out the provisions of this section4 #cjf4 ,termination of sanctions 7a7 ,in general ,upon submitting to the appropriate congressional committees a determination under section #aja7;a7 that a democratically elected government is in power in ,venezuela1 the ,president shall take steps to terminate the sanctions imposed under this title4 7b7 ,review of termination of sanctions 7#a7 ,reporting requirements ,upon taking action under subsection 7a7 to terminate the sanctions imposed under this title1 the ,president shall-- 7,a7 immediately notify ,congress of that action2 and 7,b7 submit to ,congress1 not less frequently than every #ahj days thereafter for #c years1 a report on the progress being made by ,venezuela toward the establishment of a democratically elected government4 7#b7 ,congressional review 7,a7 ,joint resolution of disapproval defined ,in this paragraph1 the term joint resolution of disapproval means a joint resolution1 the sole matter after the resolving clause of which is as follows3 ,that ,congress disapproves the action of the ,president under section #cjf7;a7 of the ,venezuela ,advancing ,liberty1 ,opportunity1 and ,rights ,act of #bjbe to terminate the sanctions imposed under title ,,iii of that ,act1 notice of which was submitted to the ,congress on 41 with the blank space being filled with the date on which the ,president notified ,congress with respect to the action under paragraph 7#a77;,a74 7,b7 ,effect of enactment ,an action taken by the ,president under subsection 7a7 shall cease to be effective upon the enactment of a joint resolution of disapproval with respect to that action4 7,c7 ,referral to committees 7i7 ,senate ,a joint resolution of disapproval introduced in the ,senate shall be referred to the ,committee on ,foreign ,relations4 7ii7 ,house of ,representatives ,a joint resolution of disapproval introduced in the ,house of ,representatives shall be referred to the ,committee on ,foreign ,affairs4 7,d7 ,procedures 7i7 ,senate ,a joint resolution of disapproval shall be considered in the ,senate in accordance with the provisions of section #fja7;b7 of the ,international ,security ,assistance and ,arms ,export ,control ,act of #aigf 7,public ,law #id-cbi2 #ij ,stat4 #gfe74 7ii7 ,house of ,representatives ,for the purpose of expediting the consideration and enactment of a joint resolution of disapproval1 a motion to proceed to the consideration of such a resolution after it has been reported by the appropriate committee under subparagraph 7,c7 shall be treated as highly privileged in the ,house of ,representatives4 7iii7 ,limitation ,not more than one joint resolution of disapproval may be considered in the ,senate and the ,house of ,representatives in-- 7,i7 the #ahj-;day period beginning on the date on which the ,president notifies ,congress under paragraph 7#a77;,a7 with respect to action taken under subsection 7a72 and 7,,ii7 each #ahj-;day period thereafter4 7,e7 ,rules of ,house of ,representatives and ,senate ,this paragraph is enacted by ,congress-- 7i7 as an exercise of the rulemaking power of the ,senate and the ,house of ,representatives1 respectively1 and as such is deemed a part of the rules of each ,house1 respectively1 and supersedes other rules only to the extent that it is inconsistent with such rules2 and 7ii7 with full recognition of the constitutional right of either ,house to change the rules 7so far as relating to the procedure of that ,house7 at any time1 in the same manner1 and to the same extent as in the case of any other rule of that ,house4 #cjg4 ,implementation2 penalties 7a7 ,implementation2 penalties 7#a7 ,implementation ,the ,president may exercise all authorities provided to the ,president under sections #bjc and #bje of the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agjb and #agjd7 to carry out this title4 7#b7 ,penalties ,a person that violates1 attempts to violate1 conspires to violate1 or causes a violation of this title or any regulation1 license1 or order issued to carry out this title shall be subject to the penalties set forth in subsections 7b7 and 7c7 of section #bjf of the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agje7 to the same extent as a person that commits an unlawful act described in subsection 7a7 of that section4 7#c7 ,waiver ,the ,president may waive the application of sanctions under this title with respect to a foreign person if the ,president1 not later than #aj days before the waiver is to take effect1 determines and certifies to the appropriate congressional committees that such a waiver is in the vital national security interest of the ,united ,states4 ,the ,president shall submit with the certification a detailed justification explaining the reasons for the waiver4 #cjh4 ,report on specific licenses that authorize transactions with sanctioned persons 7a7 ,report required 7#a7 ,in general ,not later than #ahj days after the date of the enactment of this ,act1 and every #ahj days thereafter until the date that is #aj years after the date of the enactment of this ,act1 the ,secretary of the ,treasury1 in coordination with the ,secretary of ,state1 shall submit to the appropriate congressional committees a report that includes-- 7,a7 a list of specific licenses issued by the ,secretary of the ,treasury during the #ahj-;day period preceding submission of the report that authorize any transaction with a person with respect to which sanctions have been imposed under section #cjc1 #cjd1 or #cje2 and 7,b7 7i7 in the case of the first report1 an estimate of funds the ,maduro regime has accessed as a result of licenses issued by the ,office of ,foreign ,assets ,control since ,january #bj1 #bjba2 and 7ii7 in the case of any subsequent report1 an estimate of the funds the ,maduro regime has accessed as a result of such licenses issued during the #ahj-;day period preceding submission of the report4 7#b7 ,elements ,the report required by paragraph 7#a7 shall include1 with respect to each entity that received a specific license described in that paragraph1 the following information3 7,a7 ,the name of the entity4 7,b7 ,a brief description of the activity authorized by the license4 7,c7 ,a brief justification of why the ,office of ,foreign ,assets ,control granted the license4 7b7 ,submission of copies of licenses on request ,the ,secretary of the ,treasury shall expeditiously provide to the appropriate congressional committees a copy of any license identified in a report submitted under subsection 7a7 if an appropriate ,member of ,congress requests a copy of that license not later than #fj days after the report is submitted4 7c7 ,business confidential information 7#a7 ,in general ,the ,secretary of the ,treasury shall1 in each report required by subsection 7a7 and any submission under subsection 7b71 identify any proprietary information submitted by any private sector representative and mark such information as business confidential information4 7#b7 ,treatment as trade secrets ,business confidential information described in paragraph 7#a7 shall be considered to be a matter falling within the meaning of the exception for trade secrets and commercial or financial information under subsection 7b77#d7 of section #eeb of title #e1 ,united ,states ,code1 and shall be exempt from disclosure under such section without the express approval of the private party4 7#c7 ,form of report and submissions ,each report required by subsection 7a7 and any submission under subsection 7b7 shall be submitted in unclassified form1 but may contain a classified annex4 7d7 ,sunset ,the section shall have no force or effect after the end of the #aj-year period beginning on the date of the enactment of this ,act4 #cji4 ,report on foreign persons doing business with the ,maduro regime ,not later than #ahj days after the date of the enactment of this ,act1 the ,secretary of ,state1 in consultation with the heads of other relevant ,federal agencies1 shall submit to the appropriate congressional committees a report that identifies any foreign person that-- 7#a7 engages in or has engaged in a significant transaction or transactions1 or any other dealings with1 or has provided material support to or for-- 7,a7 the ,government of ,venezuela2 7,b7 any person the ,president determines to be knowingly responsible for or complicit in1 or responsible for ordering1 controlling1 or otherwise directing1 or to have participated in1 directly or indirectly-- 7i7 actions or policies that significantly undermine democratic processes or institutions in ,venezuela2 7ii7 significant acts of violence or conduct that constitute serious human rights abuse1 including against persons involved in antigovernment protests in ,venezuela on or after ,february #a1 #bjad2 7iii7 actions that prohibit1 limit1 or penalize the exercise of freedom of expression or peaceful assembly in ,venezuela2 or 7iv7 significant public corruption by senior officials within the ,government of ,venezuela2 or 7,c7 any entity that has1 or whose members have1 engaged in any activity described in subparagraph 7,b72 7#b7 operates in the mining1 financial1 energy1 shipping1 or shipbuilding sector of the economy of ,venezuela2 7#c7 operates in the ports1 free trade zones1 or special economic zones of ,venezuela2 7#d7 is owned or controlled by a foreign person described in paragraph 7#a71 7#b71 or 7#c72 or 7#e7 has knowingly materially assisted1 sponsored1 or provided significant financial1 material1 or technological support for1 or goods or services in support of1 a foreign person described in paragraph 7#a71 7#b71 or 7#c74 ,,iv ,assistance to a free and independent ,venezuela #dja4 ,assistance for the people of ,venezuela 7a7 ,plan for providing assistance 7#a7 ,development of plan 7,a7 ,in general ,the ,president shall develop a plan for providing assistance to ,venezuela under a democratically elected government4 7,b7 ,strategy for distribution ,the plan developed under subparagraph 7,a7 shall include a strategy for distributing assistance under the plan4 7#b7 ,types of assistance ,assistance to ,venezuela under a democratically elected government provided pursuant to the plan developed under paragraph 7#a7 may include-- 7,a7 such food1 medicine1 medical supplies and equipment1 and assistance to meet emergency energy needs1 as is necessary to meet the basic human needs of the people of ,venezuela2 7,b7 assistance under-- 7i7 chapter #a of part ,i of the ,foreign ,assistance ,act of #aifa 7#bb ,u4,s4,c4 #baea et seq47 7relating to development assistance72 and 7ii7 chapter #d of part ,,ii of that ,act 7#bb ,u4,s4,c4 #bcdf et seq47 7relating to the economic support fund72 7,c7 assistance under the ,food for ,peace ,act 7#g ,u4,s4,c4 #afia et seq472 7,d7 financing1 guarantees1 and other forms of assistance provided by the ,export-,import ,bank of the ,united ,states2 7,e7 assistance provided by the ,trade and ,development ,agency2 and 7,f7 ,peace ,corps programs4 7#c7 ,distribution ,assistance under the plan developed under paragraph 7#a7 shall be provided through relevant ,united ,states ,federal departments and agencies and nongovernmental organizations and private and voluntary organizations1 whether within or outside the ,united ,states1 including humanitarian1 educational1 labor1 and private sector organizations4 7#d7 ,communication with people of ,venezuela ,the ,president shall take the necessary steps to communicate to the people of ,venezuela the plan for assistance developed under paragraph 7#a74 7#e7 ,report to ,congress ,not later than #ij days after the date of the enactment of this ,act1 the ,president shall submit to the appropriate congressional committees a report describing in detail the plan developed under paragraph 7#a74 7b7 ,implementation of plan2 reports to ,congress 7#a7 ,implementation of plan ,upon submitting to the appropriate congressional committees a determination under section #aja7;a7 that a democratically elected government is in power in ,venezuela1 the ,president shall commence the delivery and distribution of assistance to the democratically elected government under the plan developed under subsection 7a74 7#b7 ,annual reports to ,congress ,not later than #fj days after the end of each fiscal year1 the ,president shall submit to the appropriate congressional committees a report on the assistance provided under the plan developed under subsection 7a71 including-- 7,a7 a description of each type of assistance and the amounts expended for such assistance during the preceding fiscal year2 and 7,b7 a description of the assistance to be provided under the plan in the fiscal year in which the report is submitted4 7c7 ,coordinating official ,the ,secretary of ,state shall designate a coordinating official of the ,department of ,state who shall be responsible for-- 7#a7 implementing the strategy for distributing assistance described in subsection 7a77#a77;,b72 7#b7 ensuring the speedy and efficient distribution of such assistance2 and 7#c7 ensuring coordination among1 and appropriate oversight by1 the agencies of the ,united ,states that provide assistance described in subsection 7a77#b71 including resolving any disputes among such agencies4 7d7 ,reprogramming ,any changes in the assistance to be provided under the plan developed under subsection 7a7 may not be made unless the ,secretary of ,state notifies the appropriate congressional committees at least #ae days in advance in accordance with the procedures applicable to reprogramming notifications under section #fcd;,a of the ,foreign ,assistance ,act of #aifa 7#bb ,u4,s4,c4 #bcid-a74 7e7 ,funding limitation ,assistance may be provided under this section only if amounts are authorized to be appropriated1 and are appropriated1 to provide such assistance4 7f7 ,international efforts ,the ,president shall take the necessary steps-- 7#a7 to seek to obtain the agreement of other countries and of international financial institutions and multilateral organizations to provide to a democratically elected government in ,venezuela assistance comparable to that provided by the ,united ,states under this section2 and 7#b7 to work with such countries1 institutions1 and organizations to coordinate all such assistance programs4 #djb4 ,report on trade and investment relations between the ,united ,states and ,venezuela 7a7 ,report to congress ,upon submitting to the appropriate congressional committees a determination under section #aja7;a7 that a democratically elected government is in power in ,venezuela1 the ,president shall submit to the ,committee on ,ways and ,means of the ,house of ,representatives1 the ,committee on ,finance of the ,senate1 and the appropriate congressional committees a report that describes-- 7#a7 acts1 policies1 and practices that constitute significant barriers to1 or distortions of1 ,united ,states trade in goods or services or foreign direct investment with respect to ,venezuela2 and 7#b7 policy objectives of the ,united ,states regarding trade relations with a democratically elected government in ,venezuela1 and the reasons for such objectives1 including possible reciprocal extension of nondiscriminatory trade treatment 7most-favored-nation treatment74 7b7 ,consultation ,with respect to the policy objectives described in subsection 7a71 the ,president shall-- 7#a7 consult with the ,committee on ,ways and ,means of the ,house of ,representatives1 the ,committee on ,finance of the ,senate1 and the appropriate congressional committees2 and 7#b7 seek advice from the appropriate advisory committees established under section #ace of the ,trade ,act of #aigd 7#ai ,u4,s4,c4 #baee74 ,v ,general provisions #eja4 ,effect on lawful ,united ,states ,government activities ,nothing in this ,act prohibits any lawfully authorized investigative1 protective1 or intelligence activity of a law enforcement agency1 or of an intelligence agency1 of the ,united ,states4 #ejb4 ,exception relating to importation of goods 7a7 ,in general ,notwithstanding any other provision of this ,act1 the authorities and requirements to impose sanctions under this ,act shall not include the authority or a requirement to impose sanctions on the importation of goods4 7b7 ,good defined ,in this section1 the term good means any article1 natural or manmade substance1 material1 supply or manufactured product1 including inspection and test equipment1 and excluding technical data4