Us Code § 9741 - Recovering assets stolen from the Venezuelan people
Full text of Us Code United States Code § 9741 — Recovering assets stolen from the Venezuelan people, with citation guidance and answers to common questions.
§ 9741. Recovering assets stolen from the Venezuelan people
(a) Recovering assets
The President, acting through the Secretary of State and in consultation with the Secretary of the Treasury, shall advance a coordinated international effort—
(1) to work with foreign governments—
(A) to share financial investigations intelligence, as appropriate;
(B) to block the assets identified pursuant to paragraph (2); and
(C) to provide technical assistance to help governments establish the necessary legal framework to carry out asset forfeitures; and
(2) to carry out special financial investigations to identify and track assets taken from the people and institutions of Venezuela through theft, corruption, money laundering, or other illicit means.
(b) Strategy requirement
(1) In general
Not later than 180 days after December 20, 2019, the President, acting through the Secretary of State and in consultation with the Secretary of the Treasury, shall submit a strategy for carrying out the activities described in subsection (a) to Congress.
(2) Additional elements
The strategy required under paragraph (1) shall—
(A) assess whether the United States or another member of the international community should establish a managed fund to hold the assets identified pursuant to subsection (a)(2) that could be returned to a future democratic government in Venezuela; and
(B) include such recommendations as the President and the Secretary of State consider appropriate for legislative or administrative action in the United States that would be needed to establish and manage the fund described in subparagraph (A).
(Pub. L. 116–94, div. J, title I, §151, Dec. 20, 2019, 133 Stat. 3039.)
SUBCHAPTER VI—RESTORING THE RULE OF LAW IN VENEZUELA
About This Section
22 U.S.C. § 9741 is part of Title 22 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
This section may be cited in legal writing as 22 U.S.C. § 9741. For the most current official text, including any recent amendments, use the official source links below. Do not rely on this page as the sole authority for legal citation or litigation.
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