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[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9039 Introduced in House (IH)]
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119th CONGRESS
2d Session
H. R. 9039
To establish a Venezuela Restoration Fund, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
May 26, 2026
Ms. Salazar (for herself, Ms. Wasserman Schultz, Mr. Gimenez, Mr. Smith
of New Jersey, and Mr. Huizenga) introduced the following bill; which
was referred to the Committee on Foreign Affairs
_______________________________________________________________________
A BILL
To establish a Venezuela Restoration Fund, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Preserving Accountability for
National Assets Act of 2026'' or the ``PANA Act of 2026''.
SEC. 2. VENEZUELA RESTORATION FUND.
(a) Establishment.--There is established in the Treasury of the
United States a fund, to be known as the ``Venezuela Restoration
Fund'', which shall consist of amounts deposited in such fund under
subsection (c).
(b) Use of Funds.--Amounts in the Venezuela Restoration Fund--
(1) shall be available to the Secretary of State for the
purposes described in paragraph (2) without fiscal year
limitation or need for subsequent appropriation;
(2) shall be used for the purposes of--
(A) strengthening democratic governance and
institutions in Venezuela;
(B) defending internationally recognized human
rights for the people of Venezuela, including support
for efforts to document crimes against humanity and
abuses of human rights in Venezuela;
(C) supporting the efforts of independent media
outlets to broadcast, distribute, and share information
in Venezuela; and
(D) combating corruption and improving the
transparency and accountability of governing
institutions and state-owned enterprises in Venezuela;
(3) may be used to support governmental and nongovernmental
entities in advancing the purposes described in paragraph (2);
and
(4) shall be allocated in a manner complementary to
existing United States foreign policy, diplomacy, and anti-
corruption activities.
(c) Funding.--Notwithstanding any other provision of law, in the
case of any funds or assets forfeited to the United States on or after
the date of the enactment of this Act by an individual or entity who
has acted or purported to act directly or indirectly for or on behalf
of, the regimes of Hugo Chavez or Nicolas Maduro in Venezuela, the
funds or assets will be deposited in the Venezuela Restoration Fund
established under subsection (a).
(d) Reporting.--Not later than 1 year after the date of the
enactment of this Act, and not less frequently than annually
thereafter, the Secretary of the Treasury, in consultation with the
Secretary of State, shall submit to the appropriate congressional
committees a report that includes--
(1) an accounting of the amount and sources of funds that
have been deposited into the Venezuela Restoration Fund; and
(2) a summary of the obligation, amounts, and expenditure
of such funds.
(e) Appropriate Congressional Committees Defined.--In this section,
the term ``appropriate congressional committees'' means--
(1) the Committee on Foreign Affairs of the House of
Representatives;
(2) the Committee on Foreign Relations of the Senate;
(3) the Committee on Appropriations of the House of
Representatives; and
(4) the Committee on Appropriations of the Senate.
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