( CNN ) -- Honduras ' de facto president said Thursday that he is willing to resign and let ousted President Jose Manuel Zelaya back into the country , as long as Zelaya gives up his quest for leadership . Ousted Honduras leader Jose Manuel Zelaya may be allowed to return to his country under certain conditions . The new proposal calls for the person next in line , as required by the constitution , to succeed de facto President Roberto Micheletti . Under terms of the proposal , Zelaya could return as a private citizen , but not be allowed to resume his post . Presidential elections held after both resigned would be monitored by international observers such as the Organization of American States and the European Union , according to the proposal . Zelaya did not immediately issue a response to the offer . Until now , Micheletti has made clear that Zelaya would be arrested if he returned . The offer comes two months after Zelaya was seized by the military in his pajamas and forced to leave the country . Micheletti has insisted that Zelaya was not overthrown and was replaced through constitutional means . The political crisis stemmed from Zelaya 's plan to hold a referendum that could have changed the constitution and allowed longer term limits . The country 's congress had outlawed the vote and the supreme court had ruled it illegal . The Organization of American States sent a delegation to Honduras on Tuesday to promote the so-called San Jose Accord , which seeks an end to the political turmoil and the return of Zelaya to office . Micheletti 's government declined to sign the agreement . On Thursday , the United States said it was considering cutting off all aid to Honduras . Washington froze its assistance to Honduras after Zelaya was removed from office and stopped issuing visas in the Central American country earlier this week . Further steps could choke off as much $ 200 million in additional aid dispensed by the Millennium Challenge Corporation , funded by the U.S. government . The United Nations and the European Union also have said that they do not recognize Micheletti 's provisional government .
Honduras interim leader agrees to step down if former president does not seek reelection . General Manuel Zelaya was removed from presidency in June , sought to change government . U.S. is cutting off aid to Central American country .