S. 2058: El Salvador Accountability Act of 2025

This bill, titled the El Salvador Accountability Act of 2025, aims to impose sanctions against specific officials of the Salvadoran government under President Nayib Bukele due to gross violations of human rights and other civil liberties. The bill outlines several key components which include definitions, the process of imposing sanctions, and reporting requirements.

Imposition of Sanctions

The bill authorizes the President to impose sanctions on key Salvadoran government officials, which include:

• President of El Salvador
• Vice President of El Salvador
• Several ministers, including those of Foreign Relations, Defense, Economy, Finance, Government, Justice, and Public Security
• Other officials or individuals who have engaged in serious human rights violations or obstructed rights of individuals residing in the U.S.

Types of Sanctions

The sanctions described in the bill would include:

• Blocking of Property: Prohibiting any transactions involving property owned by sanctioned individuals if it is in U.S. jurisdiction.
• Visa Inadmissibility: Denying the ability to enter the U.S. or receive visas for those sanctioned.
• Revocation of Current Visas: Immediate cancellation of visas held by sanctioned individuals.
• Loans Prohibition: Barring U.S. financial institutions from providing loans or credit to sanctioned individuals.
• Foreign Exchange Restrictions: Prohibiting transactions in foreign exchange in which sanctioned individuals have any interest.

Reporting Requirements

The bill mandates the President to notify Congressional committees within 10 days after imposing sanctions, detailing the individuals affected and the actions leading to such measures. Additionally, an annual report is required, summarizing the sanctions, financial assistance to El Salvador, and other relevant compliance actions involving the Salvadoran government.

Restrictions on International Financial Assistance

The bill instructs U.S. Representatives in international financial institutions to oppose loans or financial assistance to the Salvadoran government, with exemptions for humanitarian purposes.

Report on Cryptocurrency Use

A specific requirement is for a report to be submitted detailing how officials in El Salvador might be using cryptocurrency to engage in corruption or evade sanctions, including an assessment of cryptocurrency purchases made by the government.

Termination and Exceptions to Sanctions

Sanctions will remain in place until the President certifies that the Salvadoran government has ceased gross violations of human rights. There are exceptions for compliance with international obligations and humanitarian purposes.

Implementation

The bill allows the President to use existing powers under U.S. law to enact these sanctions and provides penalties for violations of the imposed measures.

Relevant Companies

None found