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The VALOR Act of 2024 establishes U.S. policy to promote democratic change in Venezuela through diplomatic pressure, sanctions, and support for democratic institutions. The bill authorizes sanctions against the Maduro regime and any nondemocratic successor government, including blocking international financial support, freezing assets, and restricting cryptocurrency transactions. It also authorizes funding for democracy-building efforts, human rights monitoring, and election observation, while instructing U.S. representatives at international financial institutions and the Organization of American States to oppose participation by nondemocratic Venezuelan governments.
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