The PANA Act of 2026 establishes a Venezuela Restoration Fund that will collect money and assets seized from individuals and entities connected to the Hugo Chavez and Nicolas Maduro regimes in Venezuela. The fund will be controlled by the Secretary of State and used to support democratic governance, human rights documentation, independent media, and anti-corruption efforts in Venezuela without requiring annual congressional appropriations. The legislation affects anyone whose assets have been or will be forfeited to the U.S. government for connections to Venezuelan leadership, and it directs the Treasury and State Departments to report annually to Congress on the fund's deposits and spending. No specific funding amount is allocated upfront since the fund will be filled by seized assets, and the measure becomes effective upon enactment.
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