The VERDAD Reauthorization Act extends several U.S. sanctions programs targeting Venezuela that were set to expire. The bill specifically postpones the expiration dates of four existing Venezuela-related sanctions laws, moving most deadlines from 2023 to December 31, 2025. These sanctions programs address issues ranging from Venezuelan arms restrictions and Russian-Venezuelan military cooperation to humanitarian relief and support for democratic institutions and human rights defenders in Venezuela. The bill affects U.S. foreign policy toward Venezuela and impacts businesses and individuals subject to these economic restrictions. No new funding is appropriated by this legislation, as it simply extends the authority for existing sanctions regimes already in place.
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