H.R. 9039

[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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