This bill mandates the imposition of sanctions on the government of El Salvador, specifically targeting President Nayib Bukele, the Vice President, and several key ministers. Sanctions also apply to any foreign person or Salvadoran entity official who has engaged in gross violations of internationally recognized human rights , violated international law, or participated in schemes to deprive individuals residing in the United States of their constitutional rights. The sanctions include the blocking of property and interests in property within U.S. jurisdiction, rendering targeted aliens inadmissible for visas or entry into the United States, and the revocation of any existing visas. Furthermore, U.S. financial institutions would be prohibited from making loans or extending credit to sanctioned individuals, and foreign exchange transactions involving them would be banned. The President must notify Congress upon imposing sanctions and submit annual reports detailing sanctioned persons and U.S. assistance to El Salvador. Exceptions are provided for humanitarian purposes and to comply with international agreements. Sanctions can only be terminated if the President certifies that El Salvador is no longer engaged in human rights violations or the specified scheme, but not before four years. The bill also instructs the U.S. Executive Directors of international financial institutions to oppose and suspend loans or assistance to El Salvador, with a humanitarian exception. It mandates a report on the use of cryptocurrency by the Bukele regime for corruption and sanctions evasion, and prohibits U.S. funds to El Salvador until sanctions are terminated.
Referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
This bill mandates the imposition of sanctions on the government of El Salvador, specifically targeting President Nayib Bukele, the Vice President, and several key ministers. Sanctions also apply to any foreign person or Salvadoran entity official who has engaged in gross violations of internationally recognized human rights , violated international law, or participated in schemes to deprive individuals residing in the United States of their constitutional rights. The sanctions include the blocking of property and interests in property within U.S. jurisdiction, rendering targeted aliens inadmissible for visas or entry into the United States, and the revocation of any existing visas. Furthermore, U.S. financial institutions would be prohibited from making loans or extending credit to sanctioned individuals, and foreign exchange transactions involving them would be banned. The President must notify Congress upon imposing sanctions and submit annual reports detailing sanctioned persons and U.S. assistance to El Salvador. Exceptions are provided for humanitarian purposes and to comply with international agreements. Sanctions can only be terminated if the President certifies that El Salvador is no longer engaged in human rights violations or the specified scheme, but not before four years. The bill also instructs the U.S. Executive Directors of international financial institutions to oppose and suspend loans or assistance to El Salvador, with a humanitarian exception. It mandates a report on the use of cryptocurrency by the Bukele regime for corruption and sanctions evasion, and prohibits U.S. funds to El Salvador until sanctions are terminated.
Referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Foreign Affairs, and in addition to the Committees on the Judiciary, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.