Economics
Senators Propose $400 Million in Aid to Stem Crisis in Venezuela
- Legislation also recognizes Juan Guaido as interim president
- Bill offers relief to sanctioned officials who accept Guaido
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A bipartisan group of U.S. senators introduced legislation that seeks to speed the transition of power in Venezuela and ease the humanitarian crisis that has escalated amid a power struggle between President Nicolas Maduro and an emboldened opposition.
The legislation introduced Wednesday by New Jersey Democrat Bob Menendez would provide diplomatic support for Juan Guaido as the interim president of Venezuela, along with $400 million in humanitarian aid.