United States policy regarding participation of Venezuela in international financial institutions

(a) 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 institution. (b) 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 101(a) that a democratically elected government is in power in Venezuela— (1) 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 institution; and (2) 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 Venezuela. (c) International financial institution defined In this section, the term international financial institution means each of the following: (1) The International Monetary Fund. (2) The International Bank for Reconstruction and Development. (3) The International Development Association. (4) The International Finance Corporation. (5) The Multilateral Investment Guarantee Agency. (6) The Inter-American Development Bank.