U.S. agencies could not sign many contracts with people or companies that knowingly do major business with the Maduro regime in Venezuela. The bill keeps exceptions for aid, U.S. operations, national security, and Treasury-approved activity. The rule would cover contracts signed during the first three years after the bill becomes law.
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BOLIVAR Act is a Senate bill in committee. The latest recorded action: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Latest action on S. 1221: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Who this affects: This bill mainly affects companies and people that want U.S. government contracts while also doing major business tied to the Maduro regime in Venezuela. It also affects executive branch agencies that buy goods and services. The State Department would decide when exceptions or waivers apply. Venezuelans could be affected if companies change their work in Venezuela, though the bill keeps exceptions for aid and life-saving needs.
Why this matters: This bill matters because it could force companies to choose between some business tied to the Maduro regime and some U.S. government contracts. It tries to pressure the Maduro regime through money and contracts instead of military action. The exceptions aim to keep aid, emergency work, diplomatic activity, and U.S. government operations from being blocked. The real effect is uncertain and would depend on how agencies, the State Department, and Treasury sanctions licensing decisions work in practice.
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