The regulation, under the name of Law for the Protection of Assets, Rights and Interests of the Republic and its Entities Abroad, will be the only point of the meeting this Tuesday, after the public hearing held over the weekend with the presence of the nation’s justice, security and defense agencies.

The proposed bill arose in the wake of the US government’s decision to divest Venezuela of the Citgo company through a license from the Treasury Department’s Office of Foreign Assets Control, approved on May 1st.

A mixed commission was created for the analysis, led by Deputy Diosdado Cabello, and integrated by members of the permanent commissions of Economy, Finance and National Development; Foreign Policy, Sovereignty and Integration; and Comptroller.

The bill, which consists of two chapters and 11 articles, that will protect the assets, rights and interests of the Republic and its entities abroad, was unanimously approved by the National Assembly on May 2nd.

President Nicolás Maduro affirmed that he supports the bill with “all my energy, my spirit and my strength”. He also requested the support of the entire country for this law “to take a step in the protection of our assets worldwide.”

During the live broadcast of a program on state radio and television, Maduro described the rulers of the United States as immoral for stealing Citgo from Venezuelans, a “very powerful company,” and asserted that this “law emerges as a direct action, as a message, and I find it extraordinary”.

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