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H.R. 9039House119th Congress (2025-2027)In Committee

PANA Act of 2026

Sponsored by Maria Elvira SalazarRep. Maria Elvira Salazar (R-FL)
Introduced May 26, 2026

AI-Generated Summary

Updated June 6, 2026 at 3:41 AM UTC

The PANA Act of 2026 creates a Venezuela Restoration Fund within the U.S. Treasury to support democratic governance, human‑rights protection, independent media, and anti‑corruption efforts in Venezuela. Money for the fund comes from assets seized from individuals or entities that have acted on behalf of the Venezuelan regimes of Hugo Chávez or Nicolás Maduro. The Secretary of State can draw on the fund without yearly appropriations, and the Treasury must report on its use to Congress each year.

Key Provisions

  • Establishes the Venezuela Restoration Fund in the Treasury to hold seized assets linked to the Chávez/Maduro regimes.
  • Allows the Secretary of State to use the fund for strengthening democracy, defending human rights, supporting independent media, and combating corruption in Venezuela, without fiscal‑year limits or additional appropriations.
  • Mandates that forfeited assets from qualifying individuals or entities be automatically deposited into the fund.
  • Requires the Treasury, in consultation with State, to provide an annual report to the House Foreign Affairs, Senate Foreign Relations, and both Appropriations committees detailing fund sources, allocations, and expenditures.

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the House Committee on Foreign Affairs.

Foreign Affairs Committee

May 26, 2026

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HouseIntro Referral

Introduced in House

May 26, 2026

HouseIntro Referral

Referred to the House Committee on Foreign Affairs.

Foreign Affairs Committee

May 26, 2026

Bill Text

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Introduced in HouseIssued May 26, 2026

I

119th CONGRESS

2d Session

H. R. 9039

IN THE HOUSE OF REPRESENTATIVES

May 26, 2026

Ms. Salazar (for herself, Ms. Wasserman Schultz, Mr. Gimenez, Mr. Smith of New Jersey, and Mr. Huizenga) introduced the following bill; which was referred to the Committee on Foreign Affairs

A BILL

To establish a Venezuela Restoration Fund, and for other purposes.

1.

Short title

This Act may be cited as the Preserving Accountability for National Assets Act of 2026 or the PANA Act of 2026.

2.

Venezuela Restoration Fund

(a)

Establishment

There is established in the Treasury of the United States a fund, to be known as the Venezuela Restoration Fund, which shall consist of amounts deposited in such fund under subsection (c).

(b)

Use of funds

Amounts in the Venezuela Restoration Fund—

(1)

shall be available to the Secretary of State for the purposes described in paragraph (2) without fiscal year limitation or need for subsequent appropriation;

(2)

shall be used for the purposes of—

(A)

strengthening democratic governance and institutions in Venezuela;

(B)

defending internationally recognized human rights for the people of Venezuela, including support for efforts to document crimes against humanity and abuses of human rights in Venezuela;

(C)

supporting the efforts of independent media outlets to broadcast, distribute, and share information in Venezuela; and

(D)

combating corruption and improving the transparency and accountability of governing institutions and state-owned enterprises in Venezuela;

(3)

may be used to support governmental and nongovernmental entities in advancing the purposes described in paragraph (2); and

(4)

shall be allocated in a manner complementary to existing United States foreign policy, diplomacy, and anti-corruption activities.

(c)

Funding

Notwithstanding any other provision of law, in the case of any funds or assets forfeited to the United States on or after the date of the enactment of this Act by an individual or entity who has acted or purported to act directly or indirectly for or on behalf of, the regimes of Hugo Chávez or Nicolás Maduro in Venezuela, the funds or assets will be deposited in the Venezuela Restoration Fund established under subsection (a).

(d)

Reporting

Not later than 1 year after the date of the enactment of this Act, and not less frequently than annually thereafter, the Secretary of the Treasury, in consultation with the Secretary of State, shall submit to the appropriate congressional committees a report that includes—

(1)

an accounting of the amount and sources of funds that have been deposited into the Venezuela Restoration Fund; and

(2)

a summary of the obligation, amounts, and expenditure of such funds.

(e)

Appropriate congressional committees defined

In this section, the term appropriate congressional committees means—

(1)

the Committee on Foreign Affairs of the House of Representatives;

(2)

the Committee on Foreign Relations of the Senate;

(3)

the Committee on Appropriations of the House of Representatives; and

(4)

the Committee on Appropriations of the Senate.