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The VALOR Act of 2024 establishes U.S. policy to promote democracy in Venezuela through diplomatic pressure, sanctions, and support for democratic groups. The bill authorizes the President to impose and maintain sanctions on the Maduro regime and any nondemocratic successor government, including financial sanctions, cryptocurrency restrictions, and asset blocking, while setting specific criteria for recognizing a democratically elected government. It directs the U.S. to oppose Venezuela's participation in international financial institutions and the Organization of American States until democratic elections occur, and authorizes funding for democracy-building efforts, human rights monitors, and election observers in Venezuela.
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