Blocking international support for a nondemocratic government in Venezuela

(a) 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 Act. (b) Sanctions against countries assisting a nondemocratic government in Venezuela (1) 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 Venezuela: (A) The President may determine that the government of such country is not eligible for nonhumanitarian assistance under the Foreign Assistance Act of 1961 (22 U.S.C. 2151 et seq.) or assistance or sales under the Arms Export Control Act (22 U.S.C. 2751 et seq.). (B) The President may determine that the country is not eligible, under any program, for forgiveness or reduction of debt owed to the United States Government. (2) 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 101(a) that a democratically elected government is in power in Venezuela. (c) Definitions In this section: (1) Assistance to Venezuela The term assistance to Venezuela — (A) means assistance to or for the benefit of the Government of Venezuela that is provided by grant, concessional sale, guaranty, or insurance, or by any other means on terms more favorable than that generally available in the applicable market, whether in the form of a loan, lease, credit, or otherwise; (B) includes— (i) subsidies for exports to Venezuela; (ii) favorable tariff treatment of articles that are the growth, product, or manufacture of Venezuela; and (iii) an exchange, reduction, 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 property, investment, or operation of the Government of Venezuela (including any agency or instrumentality of the Government of Venezuela) or a national of Venezuela; and (C) does not include— (i) humanitarian assistance, including donations of food, made available to nongovernmental organizations or individuals in Venezuela; or (ii) exports of medicines or medical supplies, instruments, or equipment. (2) 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 1603(b) of title 28, United States Code, except that each reference in such section to a foreign state shall be deemed to be a reference to the Government of Venezuela.