80 FR 39676 - Venezuela Sanctions Regulations
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control Federal Register Volume 80, Issue 132 (July 10, 2015)
Office of Foreign Assets Control
Federal Register Volume 80, Issue 132 (July 10, 2015)
| Page Range | 39676-39683 | |
| FR Document | 2015-16782 |
[Federal Register Volume 80, Number 132 (Friday, July 10, 2015)] [Rules and Regulations] [Pages 39676-39683] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-16782] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Part 591 Venezuela Sanctions Regulations AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Final rule. ----------------------------------------------------------------------- SUMMARY: The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing regulations to implement the Venezuela Defense of Human Rights and Civil Society Act of 2014 (Pub. L. 113-278) and Executive Order 13692 of March 8, 2015 (``Blocking Property and Suspending Entry of Certain Persons Contributing to the Situation in Venezuela''). OFAC intends to supplement this part 591 with a more comprehensive set of regulations, which may include additional interpretive and definitional guidance and additional general licenses and statements of licensing policy. DATES: Effective: July 10, 2015. FOR FURTHER INFORMATION CONTACT: Assistant Director for Licensing, tel.: 202/622-2480, Assistant Director for Policy, tel.: 202/622-6746, Assistant Director for Regulatory Affairs, tel.: 202/622-4855, Assistant Director for Sanctions Compliance & Evaluation, tel.: 202/ 622-2490, OFAC, or Chief Counsel (Foreign Assets Control), tel.: 202/ 622-2410, Office of the General Counsel, Department of the Treasury (not toll free numbers). SUPPLEMENTARY INFORMATION: Electronic and Facsimile Availability This document and additional information concerning OFAC are available from OFAC's Web site (www.treasury.gov/ofac). Certain general information pertaining to OFAC's sanctions programs also is available via facsimile through a 24-hour fax-on-demand service, tel.: 202/622- 0077. [[Page 39677]] Background On December 18, 2014, President Obama signed the Venezuela Defense of Human Rights and Civil Society Act of 2014 (Pub. L. 113-278) (the ``Act'') into law. The Act required the President to impose targeted sanctions on certain persons that he determines to be responsible for significant acts of violence or serious human rights abuses against antigovernment protesters in Venezuela and to have ordered or otherwise directed the arrest or prosecution of persons in Venezuela primarily because of the person's legitimate exercise of freedom of expression or assembly. On March 8, 2015, the President issued Executive Order 13692 (80 FR 12747, March 11, 2015) (E.O. 13692), invoking the authority of, inter alia, the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the Act, and the National Emergencies Act (50 U.S.C. 1601 et seq.) (NEA). OFAC is issuing the Venezuela Sanctions Regulations, 31 CFR part 591 (the ``Regulations''), to implement the Act and E.O. 13692, pursuant to authorities delegated to the Secretary of the Treasury in E.O. 13692. A copy of E.O. 13692 appears in Appendix A to this part. The Regulations are being published in abbreviated form at this time for the purpose of providing immediate guidance to the public. OFAC intends to supplement this part 591 with a more comprehensive set of regulations, which may include additional interpretive and definitional guidance and additional general licenses and statements of licensing policy. The appendix to the Regulations will be removed when OFAC supplements this part with a more comprehensive set of regulations. Public Participation Because the Regulations involve a foreign affairs function, the provisions of Executive Order 12866 and the Administrative Procedure Act (5 U.S.C. 553) requiring notice of proposed rulemaking, opportunity for public participation, and delay in effective date are inapplicable. Because no notice of proposed rulemaking is required for this rule, the Regulatory Flexibility Act (5 U.S.C. 601-612) does not apply. Paperwork Reduction Act The collections of information related to the Regulations are contained in 31 CFR part 501 (the ``Reporting, Procedures and Penalties Regulations''). Pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3507), those collections of information have been approved by the Office of Management and Budget under control number 1505-0164. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid control number. List of Subjects in 31 CFR Part 591 Administrative practice and procedure, Banking, Banks, Blocking of assets, Brokers, Credit, Foreign trade, Investments, Loans, Securities, Services, Venezuela. For the reasons set forth in the preamble, the Department of the Treasury's Office of Foreign Assets Control adds part 591 to 31 CFR chapter V to read as follows: PART 591--VENEZUELA SANCTIONS REGULATIONS Subpart A--Relation of This Part to Other Laws and Regulations Sec. 591.101 Relation of this part to other laws and regulations. Subpart B--Prohibitions 591.201 Prohibited transactions. 591.202 Effect of transfers violating the provisions of this part. 591.203 Holding of funds in interest-bearing accounts; investment and reinvestment. 591.204 Expenses of maintaining blocked property; liquidation of blocked property. Subpart C--General Definitions 591.300 Applicability of definitions. 591.301 Blocked account; blocked property. 591.302 Effective date. 591.303 Entity. 591.304 Financial, material, or technological support. 591.305 Interest. 591.306 Licenses; general and specific. 591.307 OFAC. 591.308 Person. 591.309 Property; property interest. 591.310 Transfer. 591.311 United States. 591.312 United States person; U.S. person. 591.313 U.S. financial institution. Subpart D--Interpretations 591.401 [Reserved] 591.402 Effect of amendment. 591.403 Termination and acquisition of an interest in blocked property. 591.404 Transactions ordinarily incident to a licensed transaction. 591.405 Setoffs prohibited. 591.406 Entities owned by persons whose property and interests in property are blocked. Subpart E--Licenses, Authorizations, and Statements of Licensing Policy 591.501 General and specific licensing procedures. 591.502 [Reserved] 591.503 Exclusion from licenses. 591.504 Payments and transfers to blocked accounts in U.S. financial institutions. 591.505 Entries in certain accounts for normal service charges authorized. 591.506 Provision of certain legal services authorized. 591.507 Payments for legal services from funds originating outside the United States authorized. 591.508 Authorization of emergency medical services. Subparts F-G--[Reserved] Subpart H--Procedures 591.801 [Reserved] 591.802 Delegation by the Secretary of the Treasury. Subpart I--Paperwork Reduction Act 591.901 Paperwork Reduction Act notice. Appendix A to Part 591 Executive Order 13692 of March 8, 2015 Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note); Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); Pub. L. 113- 278, 128 Stat. 3011 (50 U.S.C. 1701 note); E.O. 13692, 80 FR 12747, March 11, 2015. Subpart A--Relation of This Part to Other Laws and Regulations Sec. 591.101 Relation of this part to other laws and regulations. This part is separate from, and independent of, the other parts of this chapter, with the exception of part 501 of this chapter, the recordkeeping and reporting requirements and license application and other procedures of which apply to this part. Actions taken pursuant to part 501 of this chapter with respect to the prohibitions contained in this part are considered actions taken pursuant to this part. Differing foreign policy and national security circumstances may result in differing interpretations of similar language among the parts of this chapter. No license or authorization contained in or issued pursuant to those other parts authorizes any transaction prohibited by this part. No license or authorization contained in or issued pursuant to any other provision of law or regulation authorizes any transaction prohibited by this part. No license or authorization contained in or issued pursuant to this part relieves the involved parties from complying with any other applicable laws or regulations. Note to Sec. 591.101: This part has been published in abbreviated form for the purpose of providing immediate guidance to the public. OFAC intends to supplement this part with a more comprehensive set of regulations, which may include additional interpretive and definitional guidance and [[Page 39678]] additional general licenses and statements of licensing policy. Subpart B--Prohibitions Sec. 591.201 Prohibited transactions. All transactions prohibited pursuant to Executive Order 13692 of March 8, 2015, are also prohibited pursuant to this part. Note 1 to Sec. 591.201: The names of persons designated pursuant to Executive Order 13692, whose property and interests in property therefore are blocked pursuant to this section, are published in the Federal Register and incorporated into OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) with the identifier ``[VENEZUELA].'' The SDN List is accessible through the following page on OFAC's Web site: www.treasury.gov/sdn. Additional information pertaining to the SDN List can be found in Appendix A to this chapter. See Sec. 591.406 concerning entities that may not be listed on the SDN List but whose property and interests in property are nevertheless blocked pursuant to this section. Note 2 to Sec. 591.201: The International Emergency Economic Powers Act (50 U.S.C. 1701-1706), in Section 203 (50 U.S.C. 1702), authorizes the blocking of property and interests in property of a person during the pendency of an investigation. The names of persons whose property and interests in property are blocked pending investigation pursuant to this section also are published in the Federal Register and incorporated into the SDN List with the identifier ``[BPI-VENEZUELA]''. Note 3 to Sec. 591.201: Sections 501.806 and 501.807 of this chapter describe the procedures to be followed by persons seeking, respectively, the unblocking of funds that they believe were blocked due to mistaken identity, or administrative reconsideration of their status as persons whose property and interests in property are blocked pursuant to this section. Sec. 591.202 Effect of transfers violating the provisions of this part. (a) Any transfer after the effective date that is in violation of any provision of this part or of any regulation, order, directive, ruling, instruction, or license issued pursuant to this part, and that involves any property or interest in property blocked pursuant to Sec. 591.201, is null and void and shall not be the basis for the assertion or recognition of any interest in or right, remedy, power, or privilege with respect to such property or property interest. (b) No transfer before the effective date shall be the basis for the assertion or recognition of any right, remedy, power, or privilege with respect to, or any interest in, any property or interest in property blocked pursuant to Sec. 591.201, unless the person who holds or maintains such property, prior to that date, had written notice of the transfer or by any written evidence had recognized such transfer. (c) Unless otherwise provided, a license or other authorization issued by OFAC before, during, or after a transfer shall validate such transfer or make it enforceable to the same extent that it would be valid or enforceable but for the provisions of this part and any regulation, order, directive, ruling, instruction, or license issued pursuant to this part. (d) Transfers of property that otherwise would be null and void or unenforceable by virtue of the provisions of this section shall not be deemed to be null and void or unenforceable as to any person with whom such property is or was held or maintained (and as to such person only) in cases in which such person is able to establish to the satisfaction of OFAC each of the following: (1) Such transfer did not represent a willful violation of the provisions of this part by the person with whom such property is or was held or maintained (and as to such person only); (2) The person with whom such property is or was held or maintained did not have reasonable cause to know or suspect, in view of all the facts and circumstances known or available to such person, that such transfer required a license or authorization issued pursuant to this part and was not so licensed or authorized, or, if a license or authorization did purport to cover the transfer, that such license or authorization had been obtained by misrepresentation of a third party or withholding of material facts or was otherwise fraudulently obtained; and (3) The person with whom such property is or was held or maintained filed with OFAC a report setting forth in full the circumstances relating to such transfer promptly upon discovery that: (i) Such transfer was in violation of the provisions of this part or any regulation, ruling, instruction, license, or other directive or authorization issued pursuant to this part; (ii) Such transfer was not licensed or authorized by OFAC; or (iii) If a license did purport to cover the transfer, such license had been obtained by misrepresentation of a third party or withholding of material facts or was otherwise fraudulently obtained. Note to paragraph (d) of Sec. 591.202: The filing of a report in accordance with the provisions of paragraph (d)(3) of this section shall not be deemed evidence that the terms of paragraphs (d)(1) and (2) of this section have been satisfied. (e) Unless licensed pursuant to this part, any attachment, judgment, decree, lien, execution, garnishment, or other judicial process is null and void with respect to any property and interests in property blocked pursuant to Sec. 591.201. Sec. 591.203 Holding of funds in interest-bearing accounts; investment and reinvestment. (a) Except as provided in paragraphs (e) or (f) of this section, or as otherwise directed by OFAC, any U.S. person holding funds, such as currency, bank deposits, or liquidated financial obligations, subject to Sec. 591.201 shall hold or place such funds in a blocked interest- bearing account located in the United States. (b)(1) For purposes of this section, the term blocked interest- bearing account means a blocked account: (i) In a federally-insured U.S. bank, thrift institution, or credit union, provided the funds are earning interest at rates that are commercially reasonable; or (ii) With a broker or dealer registered with the Securities and Exchange Commission under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.), provided the funds are invested in a money market fund or in U.S. Treasury bills. (2) Funds held or placed in a blocked account pursuant to paragraph (a) of this section may not be invested in instruments the maturity of which exceeds 180 days. (c) For purposes of this section, a rate is commercially reasonable if it is the rate currently offered to other depositors on deposits or instruments of comparable size and maturity. (d) For purposes of this section, if interest is credited to a separate blocked account or subaccount, the name of the account party on each account must be the same. (e) Blocked funds held in instruments the maturity of which exceeds 180 days at the time the funds become subject to Sec. 591.201 may continue to be held until maturity in the original instrument, provided any interest, earnings, or other proceeds derived therefrom are paid into a blocked interest-bearing account in accordance with paragraphs (a) or (f) of this section. (f) Blocked funds held in accounts or instruments outside the United States at the time the funds become subject to Sec. 591.201 may continue to be held in the same type of accounts or instruments, provided the funds earn interest at rates that are commercially reasonable. (g) This section does not create an affirmative obligation for the holder of blocked tangible property, such as chattels or real estate, or of other blocked property, such as debt or equity [[Page 39679]] securities, to sell or liquidate such property. However, OFAC may issue licenses permitting or directing such sales or liquidation in appropriate cases. (h) Funds subject to this section may not be held, invested, or reinvested in a manner that provides immediate financial or economic benefit or access to any person whose property and interests in property are blocked pursuant to Sec. 591.201, nor may their holder cooperate in or facilitate the pledging or other attempted use as collateral of blocked funds or other assets. Sec. 591.204 Expenses of maintaining blocked property; liquidation of blocked property. (a) Except as otherwise authorized, and notwithstanding the existence of any rights or obligations conferred or imposed by any international agreement or contract entered into or any license or permit granted prior to the effective date, all expenses incident to the maintenance of physical property blocked pursuant to Sec. 591.201 shall be the responsibility of the owners or operators of such property, which expenses shall not be met from blocked funds. (b) Property blocked pursuant to Sec. 591.201 may, in the discretion of OFAC, be sold or liquidated and the net proceeds placed in a blocked interest-bearing account in the name of the owner of the property. Subpart C--General Definitions Sec. 591.300 Applicability of definitions. The definitions in this subpart apply throughout the entire part. Sec. 591.301 Blocked account; blocked property. The terms blocked account and blocked property shall mean any account or property subject to the prohibitions in Sec. 591.201 held in the name of a person whose property and interests in property are blocked pursuant to Sec. 591.201, or in which such person has an interest, and with respect to which payments, transfers, exportations, withdrawals, or other dealings may not be made or effected except pursuant to a license or other authorization from OFAC expressly authorizing such action. Note to Sec. 591.301: See Sec. 591.406 concerning the blocked status of property and interests in property of an entity that is 50 percent or more owned by persons whose property and interests in property are blocked pursuant to Sec. 591.201. Sec. 591.302 Effective date. The term effective date refers to the effective date of the applicable prohibitions and directives contained in this part as follows: (a) With respect to a person listed in the Annex to E.O. 13692 of March 8, 2015, 12:01 a.m. eastern daylight time, March 9, 2015; and (b) With respect to a person whose property and interests in property are otherwise blocked pursuant to Sec. 591.201, the earlier of the date of actual or constructive notice that such person's property and interests in property are blocked. Sec. 591.303 Entity. The term entity means a partnership, association, trust, joint venture, corporation, group, subgroup, or other organization. Sec. 591.304 Financial, material, or technological support. The term financial, material, or technological support, as used in Executive Order 13692 of March 8, 2015, means any property, tangible or intangible, including but not limited to currency, financial instruments, securities, or any other transmission of value; weapons or related materiel; chemical or biological agents; explosives; false documentation or identification; communications equipment; computers; electronic or other devices or equipment; technologies; lodging; safe houses; facilities; vehicles or other means of transportation; or goods. ``Technologies'' as used in this definition means specific information necessary for the development, production, or use of a product, including related technical data such as blueprints, plans, diagrams, models, formulae, tables, engineering designs and specifications, manuals, or other recorded instructions. Sec. 591.305 Interest. Except as otherwise provided in this part, the term interest, when used with respect to property (e.g., ``an interest in property''), means an interest of any nature whatsoever, direct or indirect. Sec. 591.306 Licenses; general and specific. (a) Except as otherwise provided in this part, the term license means any license or authorization contained in or issued pursuant to this part. (b) The term general license means any license or authorization the terms of which are set forth in subpart E of this part or made available on OFAC's Web site: www.treasury.gov/ofac. (c) The term specific license means any license or authorization issued pursuant to this part but not set forth in subpart E of this part or made available on OFAC's Web site: www.treasury.gov/ofac. Note to Sec. 591.306: See Sec. 501.801 of this chapter on licensing procedures. Sec. 591.307 OFAC. The term OFAC means the Department of the Treasury's Office of Foreign Assets Control. Sec. 591.308 Person. The term person means an individual or entity. Sec. 591.309 Property; property interest. The terms property and property interest include, but are not limited to, money, checks, drafts, bullion, bank deposits, savings accounts, debts, indebtedness, obligations, notes, guarantees, debentures, stocks, bonds, coupons, any other financial instruments, bankers acceptances, mortgages, pledges, liens or other rights in the nature of security, warehouse receipts, bills of lading, trust receipts, bills of sale, any other evidences of title, ownership or indebtedness, letters of credit and any documents relating to any rights or obligations thereunder, powers of attorney, goods, wares, merchandise, chattels, stocks on hand, ships, goods on ships, real estate mortgages, deeds of trust, vendors' sales agreements, land contracts, leaseholds, ground rents, real estate and any other interest therein, options, negotiable instruments, trade acceptances, royalties, book accounts, accounts payable, judgments, patents, trademarks or copyrights, insurance policies, safe deposit boxes and their contents, annuities, pooling agreements, services of any nature whatsoever, contracts of any nature whatsoever, and any other property, real, personal, or mixed, tangible or intangible, or interest or interests therein, present, future, or contingent. Sec. 591.310 Transfer. The term transfer means any actual or purported act or transaction, whether or not evidenced by writing, and whether or not done or performed within the United States, the purpose, intent, or effect of which is to create, surrender, release, convey, transfer, or alter, directly or indirectly, any right, remedy, power, privilege, or interest with respect to any property. Without limitation on the foregoing, it shall include the making, execution, or delivery of any assignment, power, conveyance, check, declaration, deed, deed of trust, power of attorney, power of appointment, bill of sale, mortgage, receipt, agreement, [[Page 39680]] contract, certificate, gift, sale, affidavit, or statement; the making of any payment; the setting off of any obligation or credit; the appointment of any agent, trustee, or fiduciary; the creation or transfer of any lien; the issuance, docketing, or filing of, or levy of or under, any judgment, decree, attachment, injunction, execution, or other judicial or administrative process or order, or the service of any garnishment; the acquisition of any interest of any nature whatsoever by reason of a judgment or decree of any foreign country; the fulfillment of any condition; the exercise of any power of appointment, power of attorney, or other power; or the acquisition, disposition, transportation, importation, exportation, or withdrawal of any security. Sec. 591.311 United States. The term United States means the United States, its territories and possessions, and all areas under the jurisdiction or authority thereof. Sec. 591.312 United States person; U.S. person. The term United States person or U.S. person means any United States citizen, permanent resident alien, entity organized under the laws of the United States or any jurisdiction within the United States (including foreign branches), or any person in the United States. Sec. 591.313 U.S. financial institution. The term U.S. financial institution means any U.S. entity (including its foreign branches) that is engaged in the business of accepting deposits, making, granting, transferring, holding, or brokering loans or credits, or purchasing or selling foreign exchange, securities, or commodity futures or options, or procuring purchasers and sellers thereof, as principal or agent. It includes depository institutions, banks, savings banks, trust companies, securities brokers and dealers, commodity futures and options brokers and dealers, forward contract and foreign exchange merchants, securities and commodities exchanges, clearing corporations, investment companies, employee benefit plans, and U.S. holding companies, U.S. affiliates, or U.S. subsidiaries of any of the foregoing. This term includes those branches, offices, and agencies of foreign financial institutions that are located in the United States, but not such institutions' foreign branches, offices, or agencies. Subpart D--Interpretations Sec. 591.401 [Reserved] Sec. 591.402 Effect of amendment. Unless otherwise specifically provided, any amendment, modification, or revocation of any provision in or appendix to this part or chapter or of any order, regulation, ruling, instruction, or license issued by OFAC does not affect any act done or omitted, or any civil or criminal proceeding commenced or pending, prior to such amendment, modification, or revocation. All penalties, forfeitures, and liabilities under any such order, regulation, ruling, instruction, or license continue and may be enforced as if such amendment, modification, or revocation had not been made. Sec. 591.403 Termination and acquisition of an interest in blocked property. (a) Whenever a transaction licensed or authorized by or pursuant to this part results in the transfer of property (including any property interest) away from a person whose property and interests in property are blocked pursuant to Sec. 591.201, such property shall no longer be deemed to be property blocked pursuant to Sec. 591.201, unless there exists in the property another interest that is blocked pursuant to Sec. 591.201, the transfer of which has not been effected pursuant to license or other authorization. (b) Unless otherwise specifically provided in a license or other authorization issued pursuant to this part, if property (including any property interest) is transferred or attempted to be transferred to a person whose property and interests in property are blocked pursuant to Sec. 591.201, such property shall be deemed to be property in which such a person has an interest and therefore blocked. Sec. 591.404 Transactions ordinarily incident to a licensed transaction. Any transaction ordinarily incident to a licensed transaction and necessary to give effect thereto is also authorized, except: (a) An ordinarily incident transaction, not explicitly authorized within the terms of the license, by or with a person whose property and interests in property are blocked pursuant to Sec. 591.201; or (b) An ordinarily incident transaction, not explicitly authorized within the terms of the license, involving a debit to a blocked account or a transfer of blocked property. Sec. 591.405 Setoffs prohibited. A setoff against blocked property (including a blocked account), whether by a U.S. bank or other U.S. person, is a prohibited transfer under Sec. 591.201 if effected after the effective date. Sec. 591.406 Entities owned by persons whose property and interests in property are blocked. Persons whose property and interests in property are blocked pursuant to Sec. 591.201 have an interest in all property and interests in property of an entity in which such blocked persons own, whether individually or in the aggregate, directly or indirectly, a 50 percent or greater interest. The property and interests in property of such an entity, therefore, are blocked, and such an entity is a person whose property and interests in property are blocked pursuant to Sec. 591.201, regardless of whether the name of the entity is incorporated into OFAC's Specially Designated Nationals and Blocked Persons List (SDN List). Subpart E--Licenses, Authorizations, and Statements of Licensing Policy Sec. 591.501 General and specific licensing procedures. For provisions relating to licensing procedures, see part 501, subpart E of this chapter. Licensing actions taken pursuant to part 501 of this chapter with respect to the prohibitions contained in this part are considered actions taken pursuant to this part. General licenses and statements of licensing policy relating to this part also may be available through the Venezuela sanctions page on OFAC's Web site: www.treasury.gov/ofac. Sec. 591.502 [Reserved] Sec. 591.503 Exclusion from licenses. OFAC reserves the right to exclude any person, property, transaction, or class thereof from the operation of any license or from the privileges conferred by any license. OFAC also reserves the right to restrict the applicability of any license to particular persons, property, transactions, or classes thereof. Such actions are binding upon actual or constructive notice of the exclusions or restrictions. Sec. 591.504 Payments and transfers to blocked accounts in U.S. financial institutions. Any payment of funds or transfer of credit in which a person whose property and interests in property are blocked pursuant to Sec. 591.201 has any interest that comes within the possession or control of a U.S. financial institution [[Page 39681]] must be blocked in an account on the books of that financial institution. A transfer of funds or credit by a U.S. financial institution between blocked accounts in its branches or offices is authorized, provided that no transfer is made from an account within the United States to an account held outside the United States, and further provided that a transfer from a blocked account may be made only to another blocked account held in the same name. Note to Sec. 591.504: See Sec. 501.603 of this chapter for mandatory reporting requirements regarding financial transfers. See also Sec. 591.203 concerning the obligation to hold blocked funds in interest-bearing accounts. Sec. 591.505 Entries in certain accounts for normal service charges authorized. (a) A U.S. financial institution is authorized to debit any blocked account held at that financial institution in payment or reimbursement for normal service charges owed it by the owner of that blocked account. (b) As used in this section, the term normal service charges shall include charges in payment or reimbursement for interest due; cable, telegraph, Internet, or telephone charges; postage costs; custody fees; small adjustment charges to correct bookkeeping errors; and, but not by way of limitation, minimum balance charges, notary and protest fees, and charges for reference books, photocopies, credit reports, transcripts of statements, registered mail, insurance, stationery and supplies, and other similar items. Sec. 591.506 Provision of certain legal services authorized. (a) The provision of the following legal services to or on behalf of persons whose property and interests in property are blocked pursuant to Sec. 591.201 or any further Executive orders relating to the national emergency declared in Executive Order 13692 of March 8, 2015, is authorized, provided that receipt of payment of professional fees and reimbursement of incurred expenses must be specifically licensed or otherwise authorized pursuant to Sec. 591.507: (1) Provision of legal advice and counseling on the requirements of and compliance with the laws of the United States or any jurisdiction within the United States, provided that such advice and counseling are not provided to facilitate transactions in violation of this part; (2) Representation of persons named as defendants in or otherwise made parties to legal, arbitration, or administrative proceedings before any U.S. federal, state, or local court or agency; (3) Initiation and conduct of legal, arbitration, or administrative proceedings before any U.S. federal, state, or local court or agency; (4) Representation of persons before any U.S. federal, state, or local court or agency with respect to the imposition, administration, or enforcement of U.S. sanctions against such persons; and (5) Provision of legal services in any other context in which prevailing U.S. law requires access to legal counsel at public expense. (b) The provision of any other legal services to persons whose property and interests in property are blocked pursuant to Sec. 591.201 or any further Executive orders relating to the national emergency declared in Executive Order 13692 of March 8, 2015, not otherwise authorized in this part, requires the issuance of a specific license. (c) Entry into a settlement agreement or the enforcement of any lien, judgment, arbitral award, decree, or other order through execution, garnishment, or other judicial process purporting to transfer or otherwise alter or affect property or interests in property blocked pursuant to Sec. 591.201 or any further Executive orders relating to the national emergency declared in Executive Order 13692 of March 8, 2015, is prohibited unless licensed pursuant to this part. Note to Sec. 591.506: U.S. persons seeking administrative reconsideration or judicial review of their designation or the blocking of their property and interests in property may apply for a specific license from OFAC to authorize the release of a limited amount of blocked funds for the payment of legal fees where alternative funding sources are not available. For more information, see OFAC's Guidance on the Release of Limited Amounts of Blocked Funds for Payment of Legal Fees and Costs Incurred in Challenging the Blocking of U.S. Persons in Administrative or Civil Proceedings, which is available on OFAC's Web site: www.treasury.gov/ofac. Sec. 591.507 Payments for legal services from funds originating outside the United States authorized. (a) Receipts of payment of professional fees and reimbursement of incurred expenses for the provision of legal services authorized pursuant to Sec. 591.506(a) to or on behalf of any person whose property and interests in property are blocked pursuant to Sec. 591.201 or any further Executive orders relating to the national emergency declared in Executive Order 13692 of March 8, 2015, are authorized from funds originating outside the United States, provided that the funds received by U.S. persons as payment of professional fees and reimbursement of incurred expenses for the provision of legal services authorized pursuant to Sec. 591.506(a) do not originate from: (1) A source within the United States; (2) Any source, wherever located, within the possession or control of a U.S. person; or (3) Any individual or entity, other than the person on whose behalf the legal services authorized pursuant to Sec. 591.506(a) are to be provided, whose property and interests in property are blocked pursuant to any part of this chapter or any Executive order. Note to paragraph (a) of Sec. 591.507: This paragraph authorizes the blocked person on whose behalf the legal services authorized pursuant to Sec. 591.506(a) are to be provided to make payments for authorized legal services using funds originating outside the United States that were not previously blocked. Nothing in this paragraph authorizes payments for legal services using funds in which any other person whose property and interests in property are blocked pursuant to Sec. 591.201 or any further Executive orders relating to the national emergency declared in Executive Order 13692 of March 8, 2015, any other part of this chapter, or any Executive order has an interest. (b) Reports. (1) U.S. persons who receive payments in connection with legal services authorized pursuant to Sec. 591.506(a) must submit annual reports no later than 30 days following the end of the calendar year during which the payments were received providing information on the funds received. Such reports shall specify: (i) The individual or entity from whom the funds originated and the amount of funds received; and (ii) If applicable: (A) The names of any individuals or entities providing related services to the U.S. person receiving payment in connection with authorized legal services, such as private investigators or expert witnesses; (B) A general description of the services provided; and (C) The amount of funds paid in connection with such services. (2) The reports, which must reference this section, are to be mailed to: Licensing Division, Office of Foreign Assets Control, U.S. Department of the Treasury, 1500 Pennsylvania Avenue NW., Annex, Washington, DC 20220. Note to Sec. 591.507: U.S. persons who receive payments in connection with legal services authorized pursuant to Sec. 591.506(a) do not need to obtain specific authorization to contract for related services that are ordinarily incident to the provision of those legal services, such as those provided by private investigators or expert witnesses, or to pay for such services. Additionally, U.S. persons do not need to obtain specific [[Page 39682]] authorization to provide related services that are ordinarily incident to the provision of legal services authorized pursuant to Sec. 591.506(a). Sec. 591.508 Authorization of emergency medical services. The provision of nonscheduled emergency medical services in the United States to persons whose property and interests in property are blocked pursuant to Sec. 591.201 or any further Executive orders relating to the national emergency declared in Executive Order 13692 of March 8, 2015, is authorized, provided that all receipt of payment for such services must be specifically licensed. Subparts F-G--[Reserved] Subpart H--Procedures Sec. 591.801 [Reserved] Sec. 591.802 Delegation by the Secretary of the Treasury. Any action that the Secretary of the Treasury is authorized to take pursuant to Executive Order 13692 of March 8, 2015, and any further Executive orders relating to the national emergency declared therein, may be taken by the Director of OFAC or by any other person to whom the Secretary of the Treasury has delegated authority so to act. Subpart I--Paperwork Reduction Act Sec. 591.901 Paperwork Reduction Act notice. For approval by the Office of Management and Budget (OMB) under the Paperwork Reduction Act of 1995 (44 U.S.C. 3507) of information collections relating to recordkeeping and reporting requirements, licensing procedures (including those pursuant to statements of licensing policy), and other procedures, see Sec. 501.901 of this chapter. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a valid control number assigned by OMB. APPENDIX A TO PART 591--Executive Order 13692 Executive Order 13692 of March 8, 2015 Blocking Property and Suspending Entry of Certain Persons Contributing to the Situation in Venezuela By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.) (NEA), the Venezuela Defense of Human Rights and Civil Society Act of 2014 (Public Law 113-278) (the ``Venezuela Defense of Human Rights Act'') (the ``Act''), section 212(f) of the Immigration and Nationality Act of 1952 (8 U.S.C. 1182(f)) (INA), and section 301 of title 3, United States Code, I, BARACK OBAMA, President of the United States of America, find that the situation in Venezuela, including the Government of Venezuela's erosion of human rights guarantees, persecution of political opponents, curtailment of press freedoms, use of violence and human rights violations and abuses in response to antigovernment protests, and arbitrary arrest and detention of antigovernment protestors, as well as the exacerbating presence of significant public corruption, constitutes an unusual and extraordinary threat to the national security and foreign policy of the United States, and I hereby declare a national emergency to deal with that threat. I hereby order: Section 1. (a) All property and interests in property that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of any United States person of the following persons are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in: (i) the persons listed in the Annex to this order; and (ii) any person determined by the Secretary of the Treasury, in consultation with the Secretary of State: (A) to be responsible for or complicit in, or responsible for ordering, controlling, or otherwise directing, or to have participated in, directly or indirectly, any of the following in or in relation to Venezuela: (1) actions or policies that undermine democratic processes or institutions; (2) significant acts of violence or conduct that constitutes a serious abuse or violation of human rights, including against persons involved in antigovernment protests in Venezuela in or since February 2014; (3) actions that prohibit, limit, or penalize the exercise of freedom of expression or peaceful assembly; or (4) public corruption by senior officials within the Government of Venezuela; (B) to be a current or former leader of an entity that has, or whose members have, engaged in any activity described in subsection (a)(ii)(A) of this section or of an entity whose property and interests in property are blocked pursuant to this order; (C) to be a current or former official of the Government of Venezuela; (D) to have materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of: (1) a person whose property and interests in property are blocked pursuant to this order; or (2) an activity described in subsection (a)(ii)(A) of this section; or (E) to be owned or controlled by, or to have acted or purported to act for or on behalf of, directly or indirectly, any person whose property and interests in property are blocked pursuant to this order. (b) The prohibitions in subsection (a) of this section apply except to the extent provided by statutes, or in regulations, orders, directives, or licenses that may be issued pursuant to this order, and notwithstanding any contract entered into or any license or permit granted prior to the effective date of this order. Sec. 2. I hereby find that the unrestricted immigrant and nonimmigrant entry into the United States of aliens determined to meet one or more of the criteria in subsection 1(a) of this order would be detrimental to the interests of the United States, and I hereby suspend entry into the United States, as immigrants or nonimmigrants, of such persons, except where the Secretary of State determines that the person's entry is in the national interest of the United States. This section shall not apply to an alien if admitting the alien into the United States is necessary to permit the United States to comply with the Agreement Regarding the Headquarters of the United Nations, signed at Lake Success June 26, 1947, and entered into force November 21, 1947, or other applicable international obligations. Sec. 3. I hereby determine that the making of donations of the type of articles specified in section 203(b)(2) of IEEPA (50 U.S.C. 1702(b)(2)) by, to, or for the benefit of any person whose property and interests in property are blocked pursuant to section 1 of this order would seriously impair my ability to deal with the national emergency declared in this order, and I hereby prohibit such donations as provided by section 1 of this order. Sec. 4. The prohibitions in section 1 of this order include but are not limited to: (a) the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any person whose property and interests in property are blocked pursuant to this order; and (b) the receipt of any contribution or provision of funds, goods, or services from any such person. Sec. 5. (a) Any transaction that evades or avoids, has the purpose of evading or avoiding, causes a violation of, or attempts to violate any of the prohibitions set forth in this order is prohibited. (b) Any conspiracy formed to violate any of the prohibitions set forth in this order is prohibited. Sec. 6. For the purposes of this order: (a) the term ``person'' means an individual or entity; (b) the term ``entity'' means a partnership, association, trust, joint venture, corporation, group, subgroup, or other organization; (c) the term ``United States person'' means any United States citizen, permanent resident alien, entity organized under the laws of the United States or any jurisdiction within the United States (including foreign branches), or any person in the United States; (d) the term ``Government of Venezuela'' means the Government of Venezuela, any political subdivision, agency, or instrumentality thereof, including the Central Bank of Venezuela, and any person owned or controlled by, or acting for or on behalf of, the Government of Venezuela. Sec. 7. For those persons whose property and interests in property are blocked pursuant to this order who might have a constitutional presence in the United States, I find that because of the ability to transfer funds or other assets instantaneously, prior [[Page 39683]] notice to such persons of measures to be taken pursuant to this order would render those measures ineffectual. I therefore determine that for these measures to be effective in addressing the national emergency declared in this order, there need be no prior notice of a listing or determination made pursuant to section 1 of this order. Sec. 8. The Secretary of the Treasury, in consultation with the Secretary of State, is hereby authorized to take such actions, including the promulgation of rules and regulations, and to employ all powers granted to the President by IEEPA and section 5 of the Venezuela Defense of Human Rights Act, other than the authorities contained in sections 5(b)(1)(B) and 5(c) of that Act, as may be necessary to carry out the purposes of this order, with the exception of section 2 of this order, and the relevant provisions of section 5 of that Act. The Secretary of the Treasury may redelegate any of these functions to other officers and agencies of the United States Government consistent with applicable law. All agencies of the United States Government are hereby directed to take all appropriate measures within their authority to carry out the provisions of this order. Sec. 9. The Secretary of State is hereby authorized to take such actions, including the promulgation of rules and regulations, and to employ all powers granted to the President by IEEPA, the INA, and section 5 of the Venezuela Defense of Human Rights Act, including the authorities set forth in sections 5(b)(1)(B), 5(c), and 5(d) of that Act, as may be necessary to carry out section 2 of this order and the relevant provisions of section 5 of that Act. The Secretary of State may redelegate any of these functions to other officers and agencies of the United States Government consistent with applicable law. Sec. 10. The Secretary of the Treasury, in consultation with the Secretary of State, is hereby authorized to determine that circumstances no longer warrant the blocking of the property and interests in property of a person listed in the Annex to this order, and to take necessary action to give effect to that determination. Sec. 11. The Secretary of the Treasury, in consultation with the Secretary of State, is hereby authorized to submit the recurring and final reports to the Congress on the national emergency declared in this order, consistent with section 401(c) of the NEA (50 U.S.C. 1641(c)) and section 204(c) of IEEPA (50 U.S.C. 1703(c)). Sec. 12. This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person. Sec. 13. This order is effective at 12:01 a.m. eastern daylight time on March 9, 2015. Barack Obama THE WHITE HOUSE, March 8, 2015 Annex 1. Antonio Jos[eacute] Benavides Torres [Commander of the Central Integral Strategic Defense Region of the National Armed Forces, former Director of Operations for the National Guard; born June 13, 1961] 2. Gustavo Enrique Gonz[aacute]lez L[oacute]pez [Director General of the National Intelligence Service and President of the Strategic Center of Security and Protection of the Homeland; born November 2, 1960] 3. Justo Jos[eacute] Noguera Pietri [President of the Venezuelan Corporation of Guayana, former General Commander of the National Guard; born March 15, 1961] 4. Katherine Nayarith Haringhton Padron [National Level Prosecutor of the 20th District Office of the Public Ministry; born December 5, 1971] 5. Manuel Eduardo P[eacute]rez Urdaneta [Director of the National Police; born May 26, 1962] 6. Manuel Gregorio Bernal Mart[iacute]nez [Chief of the 31st Armored Brigade of Caracas, former Director General of the National Intelligence Service; born July 12, 1965] 7. Miguel Alcides Vivas Landino [Inspector General of the National Armed Forces, former Commander of the Andes Integral Strategic Defense Region of the National Armed Forces; born July 8, 1961] Dated: July 2, 2015. John E. Smith, Acting Director, Office of Foreign Assets Control. Approved: Dated: July 2, 2015. Adam J. Szubin, Acting Under Secretary, Office of Terrorism and Financial Intelligence, Department of the Treasury. [FR Doc. 2015-16782 Filed 7-9-15; 8:45 am] BILLING CODE P
![39676 Federal Register / Vol. 80, No. 132 / Friday, July 10, 2015 / Rules and Regulations
interpret portions of the final rule or to and safety, and other advantages; 1. FDA, ‘‘Food Labeling; Nutrition Labeling
respond to questions asking whether distributive impacts; and equity). FDA of Standard Menu Items in Restaurants and
specific practices would be acceptable has developed a regulatory impact Similar Retail Food Establishments;
for purposes of complying with the rule. analysis that presents the benefits and Extension of Compliance Date,’’ 2015.
Available at: http://www.fda.gov/AboutFDA/
We issued a document in the Federal costs of this final rule (Ref. 1). The ReportsManualsForms/Reports/
Register (80 FR 13225, March 13, 2015) Agency believes that this final rule is EconomicAnalyses/.
announcing the availability of a ‘‘Small not a significant regulatory action under
Entity Compliance Guide’’ for the rule, Executive Order 12866. Dated: July 6, 2015.
and are considering what additional The Regulatory Flexibility Act Leslie Kux,
guidance might be helpful. requires Agencies to analyze regulatory Associate Commissioner for Policy.
Since February 2015, we have options that would minimize any [FR Doc. 2015–16865 Filed 7–9–15; 8:45 am]
received four requests asking us to significant impact of a rule on small BILLING CODE 4164–01–P
extend the compliance date of the final entities. Because the final rule changes
rule based on concerns that covered the compliance date from December 1,
establishments do not have adequate 2015, to December 1, 2016, the Agency
time to fully implement the certifies that the final rule will not have DEPARTMENT OF THE TREASURY
requirements of the rule by the a significant economic impact on a
compliance date. These requests were substantial number of small entities. Office of Foreign Assets Control
submitted by a large retailer and trade Section 202(a) of the Unfunded
and other associations, and they provide Mandates Reform Act of 1995 requires 31 CFR Part 591
information regarding steps involved in that Agencies prepare a written
implementation of the requirements. statement, which includes an Venezuela Sanctions Regulations
More specifically, the requests describe assessment of anticipated costs and AGENCY: Office of Foreign Assets
steps involved in developing software, benefits, before proposing ‘‘any rule that Control, Treasury.
information systems, and other includes any Federal mandate that may
technologies for providing nutrition result in the expenditure by State, local, ACTION: Final rule.
information in ways that better and tribal governments, in the aggregate,
correspond to how foods are offered for SUMMARY: The Department of the
or by the private sector, of $100,000,000 Treasury’s Office of Foreign Assets
sale in covered establishments and or more (adjusted annually for inflation)
allow for more efficient and product- Control (OFAC) is issuing regulations to
in any one year.’’ The current threshold implement the Venezuela Defense of
specific nutrition labeling. In addition, after adjustment for inflation is $144
the requests describe steps involved in Human Rights and Civil Society Act of
million, using the most current (2014) 2014 (Pub. L. 113–278) and Executive
training staff, implementing standard Implicit Price Deflator for the Gross
operating procedures, and developing Order 13692 of March 8, 2015
Domestic Product. FDA does not expect (‘‘Blocking Property and Suspending
and installing updated and consistent this final rule to result in any 1-year
menu boards across all locations within Entry of Certain Persons Contributing to
expenditure that would meet or exceed the Situation in Venezuela’’). OFAC
a chain. Most requests sought to extend this amount.
the compliance date by 1 year. intends to supplement this part 591
In light of these requests, we have IV. Paperwork Reduction Act with a more comprehensive set of
decided to extend the compliance date This final rule contains no collection regulations, which may include
for the final rule to December 1, 2016. of information. Therefore, clearance by additional interpretive and definitional
The final rule requirements are intended the Office of Management and Budget guidance and additional general
to ensure that consumers are provided under the Paperwork Reduction Act of licenses and statements of licensing
accurate, clear, and consistent nutrition 1995 is not required. policy.
information for foods sold in covered DATES: Effective: July 10, 2015.
establishments in a direct and accessible V. Environmental Impact
FOR FURTHER INFORMATION CONTACT:
manner to enable consumers to make We have determined under 21 CFR
informed and healthful dietary choices. 25.30(k) that this action is of a type that Assistant Director for Licensing, tel.:
Therefore, allowing adequate time for does not individually or cumulatively 202/622–2480, Assistant Director for
covered establishments to fully have a significant effect on the human Policy, tel.: 202/622–6746, Assistant
implement the final rule’s requirements, environment. Therefore, neither an Director for Regulatory Affairs, tel.: 202/
as described in the requests, helps environmental assessment nor an 622–4855, Assistant Director for
accomplish the primary objective of the environmental impact statement is Sanctions Compliance & Evaluation,
final rule and is in the public interest. required. tel.: 202/622–2490, OFAC, or Chief
Counsel (Foreign Assets Control), tel.:
III. Economic Analysis of Impacts VI. Reference 202/622–2410, Office of the General
FDA has examined the impacts of the The following reference has been Counsel, Department of the Treasury
final rule under Executive Order 12866, placed on display in the Division of (not toll free numbers).
Executive Order 13563, the Regulatory Dockets Management (see ADDRESSES) SUPPLEMENTARY INFORMATION:
Flexibility Act (5 U.S.C. 601–612), and and may be seen by interested persons
Electronic and Facsimile Availability
the Unfunded Mandates Reform Act of between 9 a.m. and 4 p.m., Monday
1995 (Pub. L. 104–4). Executive Orders through Friday, and is available This document and additional
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12866 and 13563 direct Agencies to electronically at http:// information concerning OFAC are
assess all costs and benefits of available www.regulations.gov. (FDA has verified available from OFAC’s Web site
regulatory alternatives and, when the Web site address in this reference (www.treasury.gov/ofac). Certain general
regulation is necessary, to select section, but we are not responsible for information pertaining to OFAC’s
regulatory approaches that maximize any subsequent changes to the Web site sanctions programs also is available via
net benefits (including potential after this document publishes in the facsimile through a 24-hour fax-on-
economic, environmental, public health Federal Register.) demand service, tel.: 202/622–0077.
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Background collections of information have been 591.502 [Reserved]
approved by the Office of Management 591.503 Exclusion from licenses.
On December 18, 2014, President 591.504 Payments and transfers to blocked
Obama signed the Venezuela Defense of and Budget under control number 1505–
0164. An agency may not conduct or accounts in U.S. financial institutions.
Human Rights and Civil Society Act of 591.505 Entries in certain accounts for
2014 (Pub. L. 113–278) (the ‘‘Act’’) into sponsor, and a person is not required to normal service charges authorized.
respond to, a collection of information 591.506 Provision of certain legal services
law. The Act required the President to
unless the collection of information authorized.
impose targeted sanctions on certain
displays a valid control number. 591.507 Payments for legal services from
persons that he determines to be
funds originating outside the United
responsible for significant acts of List of Subjects in 31 CFR Part 591 States authorized.
violence or serious human rights abuses Administrative practice and 591.508 Authorization of emergency
against antigovernment protesters in procedure, Banking, Banks, Blocking of medical services.
Venezuela and to have ordered or assets, Brokers, Credit, Foreign trade, Subparts F–G—[Reserved]
otherwise directed the arrest or Investments, Loans, Securities, Services,
prosecution of persons in Venezuela Venezuela. Subpart H—Procedures
primarily because of the person’s For the reasons set forth in the 591.801 [Reserved]
legitimate exercise of freedom of preamble, the Department of the 591.802 Delegation by the Secretary of the
expression or assembly. Treasury.
Treasury’s Office of Foreign Assets
On March 8, 2015, the President Control adds part 591 to 31 CFR chapter Subpart I—Paperwork Reduction Act
issued Executive Order 13692 (80 FR V to read as follows: 591.901 Paperwork Reduction Act notice.
12747, March 11, 2015) (E.O. 13692),
invoking the authority of, inter alia, the PART 591—VENEZUELA SANCTIONS Appendix A to Part 591 Executive Order
International Emergency Economic 13692 of March 8, 2015
REGULATIONS
Powers Act (50 U.S.C. 1701 et seq.) Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
(IEEPA), the Act, and the National Subpart A—Relation of This Part to Other
50 U.S.C. 1601–1651, 1701–1706; Pub. L.
Emergencies Act (50 U.S.C. 1601 et seq.) Laws and Regulations
101–410, 104 Stat. 890 (28 U.S.C. 2461 note);
(NEA). Sec. Pub. L. 110–96, 121 Stat. 1011 (50 U.S.C.
OFAC is issuing the Venezuela 591.101 Relation of this part to other laws 1705 note); Pub. L. 113–278, 128 Stat. 3011
Sanctions Regulations, 31 CFR part 591 and regulations. (50 U.S.C. 1701 note); E.O. 13692, 80 FR
(the ‘‘Regulations’’), to implement the Subpart B—Prohibitions 12747, March 11, 2015.
Act and E.O. 13692, pursuant to 591.201 Prohibited transactions. Subpart A—Relation of This Part to
authorities delegated to the Secretary of 591.202 Effect of transfers violating the
Other Laws and Regulations
the Treasury in E.O. 13692. A copy of provisions of this part.
E.O. 13692 appears in Appendix A to 591.203 Holding of funds in interest- § 591.101 Relation of this part to other
this part. bearing accounts; investment and laws and regulations.
reinvestment.
The Regulations are being published This part is separate from, and
591.204 Expenses of maintaining blocked
in abbreviated form at this time for the property; liquidation of blocked independent of, the other parts of this
purpose of providing immediate property. chapter, with the exception of part 501
guidance to the public. OFAC intends to of this chapter, the recordkeeping and
supplement this part 591 with a more Subpart C—General Definitions
reporting requirements and license
comprehensive set of regulations, which 591.300 Applicability of definitions. application and other procedures of
may include additional interpretive and 591.301 Blocked account; blocked
property.
which apply to this part. Actions taken
definitional guidance and additional 591.302 Effective date. pursuant to part 501 of this chapter with
general licenses and statements of 591.303 Entity. respect to the prohibitions contained in
licensing policy. The appendix to the 591.304 Financial, material, or this part are considered actions taken
Regulations will be removed when technological support. pursuant to this part. Differing foreign
OFAC supplements this part with a 591.305 Interest. policy and national security
more comprehensive set of regulations. 591.306 Licenses; general and specific. circumstances may result in differing
591.307 OFAC.
Public Participation interpretations of similar language
591.308 Person.
591.309 Property; property interest. among the parts of this chapter. No
Because the Regulations involve a 591.310 Transfer. license or authorization contained in or
foreign affairs function, the provisions 591.311 United States. issued pursuant to those other parts
of Executive Order 12866 and the 591.312 United States person; U.S. person. authorizes any transaction prohibited by
Administrative Procedure Act (5 U.S.C. 591.313 U.S. financial institution. this part. No license or authorization
553) requiring notice of proposed contained in or issued pursuant to any
Subpart D—Interpretations
rulemaking, opportunity for public other provision of law or regulation
participation, and delay in effective date 591.401 [Reserved]
591.402 Effect of amendment. authorizes any transaction prohibited by
are inapplicable. Because no notice of 591.403 Termination and acquisition of an this part. No license or authorization
proposed rulemaking is required for this interest in blocked property. contained in or issued pursuant to this
rule, the Regulatory Flexibility Act (5 591.404 Transactions ordinarily incident to part relieves the involved parties from
U.S.C. 601–612) does not apply. a licensed transaction. complying with any other applicable
591.405 Setoffs prohibited. laws or regulations.
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Paperwork Reduction Act 591.406 Entities owned by persons whose
The collections of information related property and interests in property are Note to § 591.101: This part has been
blocked. published in abbreviated form for the
to the Regulations are contained in 31 purpose of providing immediate guidance to
CFR part 501 (the ‘‘Reporting, Subpart E—Licenses, Authorizations, and the public. OFAC intends to supplement this
Procedures and Penalties Regulations’’). Statements of Licensing Policy part with a more comprehensive set of
Pursuant to the Paperwork Reduction 591.501 General and specific licensing regulations, which may include additional
Act of 1995 (44 U.S.C. 3507), those procedures. interpretive and definitional guidance and
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additional general licenses and statements of date, had written notice of the transfer lien, execution, garnishment, or other
licensing policy. or by any written evidence had judicial process is null and void with
recognized such transfer. respect to any property and interests in
Subpart B—Prohibitions (c) Unless otherwise provided, a property blocked pursuant to § 591.201.
license or other authorization issued by
§ 591.201 Prohibited transactions. OFAC before, during, or after a transfer § 591.203 Holding of funds in interest-
All transactions prohibited pursuant shall validate such transfer or make it bearing accounts; investment and
to Executive Order 13692 of March 8, reinvestment.
enforceable to the same extent that it
2015, are also prohibited pursuant to would be valid or enforceable but for (a) Except as provided in paragraphs
this part. the provisions of this part and any (e) or (f) of this section, or as otherwise
Note 1 to § 591.201: The names of persons regulation, order, directive, ruling, directed by OFAC, any U.S. person
designated pursuant to Executive Order instruction, or license issued pursuant holding funds, such as currency, bank
13692, whose property and interests in to this part. deposits, or liquidated financial
property therefore are blocked pursuant to (d) Transfers of property that obligations, subject to § 591.201 shall
this section, are published in the Federal otherwise would be null and void or hold or place such funds in a blocked
Register and incorporated into OFAC’s unenforceable by virtue of the interest-bearing account located in the
Specially Designated Nationals and Blocked United States.
Persons List (SDN List) with the identifier
provisions of this section shall not be
deemed to be null and void or (b)(1) For purposes of this section, the
‘‘[VENEZUELA].’’ The SDN List is accessible
through the following page on OFAC’s Web unenforceable as to any person with term blocked interest-bearing account
site: www.treasury.gov/sdn. Additional whom such property is or was held or means a blocked account:
information pertaining to the SDN List can be maintained (and as to such person only) (i) In a federally-insured U.S. bank,
found in Appendix A to this chapter. See in cases in which such person is able to thrift institution, or credit union,
§ 591.406 concerning entities that may not be establish to the satisfaction of OFAC provided the funds are earning interest
listed on the SDN List but whose property at rates that are commercially
each of the following:
and interests in property are nevertheless reasonable; or
blocked pursuant to this section.
(1) Such transfer did not represent a
willful violation of the provisions of this (ii) With a broker or dealer registered
Note 2 to § 591.201: The International part by the person with whom such with the Securities and Exchange
Emergency Economic Powers Act (50 U.S.C. property is or was held or maintained Commission under the Securities
1701–1706), in Section 203 (50 U.S.C. 1702), (and as to such person only); Exchange Act of 1934 (15 U.S.C. 78a et
authorizes the blocking of property and (2) The person with whom such seq.), provided the funds are invested in
interests in property of a person during the property is or was held or maintained a money market fund or in U.S.
pendency of an investigation. The names of did not have reasonable cause to know Treasury bills.
persons whose property and interests in (2) Funds held or placed in a blocked
property are blocked pending investigation or suspect, in view of all the facts and
pursuant to this section also are published in circumstances known or available to account pursuant to paragraph (a) of this
the Federal Register and incorporated into such person, that such transfer required section may not be invested in
the SDN List with the identifier ‘‘[BPI– a license or authorization issued instruments the maturity of which
VENEZUELA]’’. pursuant to this part and was not so exceeds 180 days.
licensed or authorized, or, if a license or (c) For purposes of this section, a rate
Note 3 to § 591.201: Sections 501.806 and authorization did purport to cover the is commercially reasonable if it is the
501.807 of this chapter describe the rate currently offered to other depositors
procedures to be followed by persons
transfer, that such license or
authorization had been obtained by on deposits or instruments of
seeking, respectively, the unblocking of
funds that they believe were blocked due to misrepresentation of a third party or comparable size and maturity.
mistaken identity, or administrative withholding of material facts or was (d) For purposes of this section, if
reconsideration of their status as persons otherwise fraudulently obtained; and interest is credited to a separate blocked
whose property and interests in property are (3) The person with whom such account or subaccount, the name of the
blocked pursuant to this section. property is or was held or maintained account party on each account must be
filed with OFAC a report setting forth in the same.
§ 591.202 Effect of transfers violating the full the circumstances relating to such (e) Blocked funds held in instruments
provisions of this part. transfer promptly upon discovery that: the maturity of which exceeds 180 days
(a) Any transfer after the effective date (i) Such transfer was in violation of at the time the funds become subject to
that is in violation of any provision of the provisions of this part or any § 591.201 may continue to be held until
this part or of any regulation, order, regulation, ruling, instruction, license, maturity in the original instrument,
directive, ruling, instruction, or license or other directive or authorization provided any interest, earnings, or other
issued pursuant to this part, and that issued pursuant to this part; proceeds derived therefrom are paid
involves any property or interest in (ii) Such transfer was not licensed or into a blocked interest-bearing account
property blocked pursuant to § 591.201, authorized by OFAC; or in accordance with paragraphs (a) or (f)
is null and void and shall not be the (iii) If a license did purport to cover of this section.
basis for the assertion or recognition of the transfer, such license had been (f) Blocked funds held in accounts or
any interest in or right, remedy, power, obtained by misrepresentation of a third instruments outside the United States at
or privilege with respect to such party or withholding of material facts or the time the funds become subject to
property or property interest. was otherwise fraudulently obtained. § 591.201 may continue to be held in the
(b) No transfer before the effective Note to paragraph (d) of § 591.202: The same type of accounts or instruments,
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date shall be the basis for the assertion filing of a report in accordance with the provided the funds earn interest at rates
or recognition of any right, remedy, provisions of paragraph (d)(3) of this section that are commercially reasonable.
power, or privilege with respect to, or shall not be deemed evidence that the terms (g) This section does not create an
any interest in, any property or interest of paragraphs (d)(1) and (2) of this section affirmative obligation for the holder of
in property blocked pursuant to have been satisfied. blocked tangible property, such as
§ 591.201, unless the person who holds (e) Unless licensed pursuant to this chattels or real estate, or of other
or maintains such property, prior to that part, any attachment, judgment, decree, blocked property, such as debt or equity
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contract, certificate, gift, sale, affidavit, Subpart D—Interpretations § 591.405 Setoffs prohibited.
or statement; the making of any A setoff against blocked property
payment; the setting off of any § 591.401 [Reserved] (including a blocked account), whether
obligation or credit; the appointment of § 591.402 Effect of amendment. by a U.S. bank or other U.S. person, is
any agent, trustee, or fiduciary; the a prohibited transfer under § 591.201 if
creation or transfer of any lien; the Unless otherwise specifically effected after the effective date.
issuance, docketing, or filing of, or levy provided, any amendment,
modification, or revocation of any § 591.406 Entities owned by persons
of or under, any judgment, decree, whose property and interests in property
attachment, injunction, execution, or provision in or appendix to this part or
are blocked.
other judicial or administrative process chapter or of any order, regulation,
ruling, instruction, or license issued by Persons whose property and interests
or order, or the service of any in property are blocked pursuant to
garnishment; the acquisition of any OFAC does not affect any act done or
omitted, or any civil or criminal § 591.201 have an interest in all
interest of any nature whatsoever by property and interests in property of an
reason of a judgment or decree of any proceeding commenced or pending,
prior to such amendment, modification, entity in which such blocked persons
foreign country; the fulfillment of any own, whether individually or in the
condition; the exercise of any power of or revocation. All penalties, forfeitures,
and liabilities under any such order, aggregate, directly or indirectly, a 50
appointment, power of attorney, or percent or greater interest. The property
regulation, ruling, instruction, or license
other power; or the acquisition, and interests in property of such an
continue and may be enforced as if such
disposition, transportation, importation, entity, therefore, are blocked, and such
amendment, modification, or revocation
exportation, or withdrawal of any an entity is a person whose property
had not been made.
security. and interests in property are blocked
§ 591.403 Termination and acquisition of pursuant to § 591.201, regardless of
§ 591.311 United States. an interest in blocked property. whether the name of the entity is
The term United States means the (a) Whenever a transaction licensed or incorporated into OFAC’s Specially
United States, its territories and authorized by or pursuant to this part Designated Nationals and Blocked
possessions, and all areas under the results in the transfer of property Persons List (SDN List).
jurisdiction or authority thereof. (including any property interest) away Subpart E—Licenses, Authorizations,
from a person whose property and and Statements of Licensing Policy
§ 591.312 United States person; U.S.
person. interests in property are blocked
pursuant to § 591.201, such property § 591.501 General and specific licensing
The term United States person or U.S. shall no longer be deemed to be procedures.
person means any United States citizen, property blocked pursuant to § 591.201, For provisions relating to licensing
permanent resident alien, entity unless there exists in the property procedures, see part 501, subpart E of
organized under the laws of the United another interest that is blocked pursuant this chapter. Licensing actions taken
States or any jurisdiction within the to § 591.201, the transfer of which has pursuant to part 501 of this chapter with
United States (including foreign not been effected pursuant to license or respect to the prohibitions contained in
branches), or any person in the United other authorization. this part are considered actions taken
States. (b) Unless otherwise specifically pursuant to this part. General licenses
provided in a license or other and statements of licensing policy
§ 591.313 U.S. financial institution. relating to this part also may be
authorization issued pursuant to this
The term U.S. financial institution part, if property (including any property available through the Venezuela
means any U.S. entity (including its interest) is transferred or attempted to sanctions page on OFAC’s Web site:
foreign branches) that is engaged in the be transferred to a person whose www.treasury.gov/ofac.
business of accepting deposits, making, property and interests in property are § 591.502 [Reserved]
granting, transferring, holding, or blocked pursuant to § 591.201, such
brokering loans or credits, or purchasing property shall be deemed to be property § 591.503 Exclusion from licenses.
or selling foreign exchange, securities, in which such a person has an interest OFAC reserves the right to exclude
or commodity futures or options, or and therefore blocked. any person, property, transaction, or
procuring purchasers and sellers class thereof from the operation of any
§ 591.404 Transactions ordinarily incident
thereof, as principal or agent. It includes to a licensed transaction.
license or from the privileges conferred
depository institutions, banks, savings by any license. OFAC also reserves the
banks, trust companies, securities Any transaction ordinarily incident to right to restrict the applicability of any
brokers and dealers, commodity futures a licensed transaction and necessary to license to particular persons, property,
and options brokers and dealers, give effect thereto is also authorized, transactions, or classes thereof. Such
forward contract and foreign exchange except: actions are binding upon actual or
merchants, securities and commodities (a) An ordinarily incident transaction, constructive notice of the exclusions or
exchanges, clearing corporations, not explicitly authorized within the restrictions.
investment companies, employee terms of the license, by or with a person § 591.504 Payments and transfers to
benefit plans, and U.S. holding whose property and interests in blocked accounts in U.S. financial
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companies, U.S. affiliates, or U.S. property are blocked pursuant to institutions.
subsidiaries of any of the foregoing. This § 591.201; or Any payment of funds or transfer of
term includes those branches, offices, (b) An ordinarily incident transaction, credit in which a person whose property
and agencies of foreign financial not explicitly authorized within the and interests in property are blocked
institutions that are located in the terms of the license, involving a debit to pursuant to § 591.201 has any interest
United States, but not such institutions’ a blocked account or a transfer of that comes within the possession or
foreign branches, offices, or agencies. blocked property. control of a U.S. financial institution
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![39682 Federal Register / Vol. 80, No. 132 / Friday, July 10, 2015 / Rules and Regulations
authorization to provide related services that 212(f) of the Immigration and Nationality Act notwithstanding any contract entered into or
are ordinarily incident to the provision of of 1952 (8 U.S.C. 1182(f)) (INA), and section any license or permit granted prior to the
legal services authorized pursuant to 301 of title 3, United States Code, effective date of this order.
§ 591.506(a). I, BARACK OBAMA, President of the Sec. 2. I hereby find that the unrestricted
United States of America, find that the immigrant and nonimmigrant entry into the
§ 591.508 Authorization of emergency situation in Venezuela, including the United States of aliens determined to meet
medical services. Government of Venezuela’s erosion of human one or more of the criteria in subsection 1(a)
rights guarantees, persecution of political of this order would be detrimental to the
The provision of nonscheduled
opponents, curtailment of press freedoms, interests of the United States, and I hereby
emergency medical services in the use of violence and human rights violations suspend entry into the United States, as
United States to persons whose property and abuses in response to antigovernment immigrants or nonimmigrants, of such
and interests in property are blocked protests, and arbitrary arrest and detention of persons, except where the Secretary of State
pursuant to § 591.201 or any further antigovernment protestors, as well as the determines that the person’s entry is in the
Executive orders relating to the national exacerbating presence of significant public national interest of the United States. This
emergency declared in Executive Order corruption, constitutes an unusual and section shall not apply to an alien if
13692 of March 8, 2015, is authorized, extraordinary threat to the national security admitting the alien into the United States is
and foreign policy of the United States, and necessary to permit the United States to
provided that all receipt of payment for
I hereby declare a national emergency to deal comply with the Agreement Regarding the
such services must be specifically with that threat. I hereby order: Headquarters of the United Nations, signed at
licensed. Section 1. (a) All property and interests in Lake Success June 26, 1947, and entered into
property that are in the United States, that force November 21, 1947, or other applicable
Subparts F–G—[Reserved] hereafter come within the United States, or international obligations.
that are or hereafter come within the Sec. 3. I hereby determine that the making
Subpart H—Procedures possession or control of any United States of donations of the type of articles specified
person of the following persons are blocked in section 203(b)(2) of IEEPA (50 U.S.C.
§ 591.801 [Reserved] and may not be transferred, paid, exported, 1702(b)(2)) by, to, or for the benefit of any
§ 591.802 Delegation by the Secretary of withdrawn, or otherwise dealt in: person whose property and interests in
the Treasury. (i) the persons listed in the Annex to this property are blocked pursuant to section 1 of
order; and this order would seriously impair my ability
Any action that the Secretary of the (ii) any person determined by the Secretary to deal with the national emergency declared
Treasury is authorized to take pursuant of the Treasury, in consultation with the in this order, and I hereby prohibit such
to Executive Order 13692 of March 8, Secretary of State: donations as provided by section 1 of this
2015, and any further Executive orders (A) to be responsible for or complicit in, or order.
relating to the national emergency responsible for ordering, controlling, or Sec. 4. The prohibitions in section 1 of this
declared therein, may be taken by the otherwise directing, or to have participated order include but are not limited to:
Director of OFAC or by any other person in, directly or indirectly, any of the following (a) the making of any contribution or
to whom the Secretary of the Treasury in or in relation to Venezuela: provision of funds, goods, or services by, to,
(1) actions or policies that undermine or for the benefit of any person whose
has delegated authority so to act. democratic processes or institutions; property and interests in property are
(2) significant acts of violence or conduct blocked pursuant to this order; and
Subpart I—Paperwork Reduction Act that constitutes a serious abuse or violation (b) the receipt of any contribution or
§ 591.901 Paperwork Reduction Act notice. of human rights, including against persons provision of funds, goods, or services from
involved in antigovernment protests in any such person.
For approval by the Office of Venezuela in or since February 2014; Sec. 5. (a) Any transaction that evades or
Management and Budget (OMB) under (3) actions that prohibit, limit, or penalize avoids, has the purpose of evading or
the Paperwork Reduction Act of 1995 the exercise of freedom of expression or avoiding, causes a violation of, or attempts to
(44 U.S.C. 3507) of information peaceful assembly; or violate any of the prohibitions set forth in
collections relating to recordkeeping (4) public corruption by senior officials this order is prohibited.
and reporting requirements, licensing within the Government of Venezuela; (b) Any conspiracy formed to violate any
procedures (including those pursuant to (B) to be a current or former leader of an of the prohibitions set forth in this order is
statements of licensing policy), and entity that has, or whose members have, prohibited.
other procedures, see § 501.901 of this engaged in any activity described in Sec. 6. For the purposes of this order:
subsection (a)(ii)(A) of this section or of an (a) the term ‘‘person’’ means an individual
chapter. An agency may not conduct or entity whose property and interests in or entity;
sponsor, and a person is not required to property are blocked pursuant to this order; (b) the term ‘‘entity’’ means a partnership,
respond to, a collection of information (C) to be a current or former official of the association, trust, joint venture, corporation,
unless it displays a valid control Government of Venezuela; group, subgroup, or other organization;
number assigned by OMB. (D) to have materially assisted, sponsored, (c) the term ‘‘United States person’’ means
or provided financial, material, or any United States citizen, permanent resident
APPENDIX A TO PART 591—Executive technological support for, or goods or alien, entity organized under the laws of the
Order 13692 services to or in support of: United States or any jurisdiction within the
Executive Order 13692 of March 8, 2015 (1) a person whose property and interests United States (including foreign branches), or
in property are blocked pursuant to this any person in the United States;
Blocking Property and Suspending Entry of order; or (d) the term ‘‘Government of Venezuela’’
Certain Persons Contributing to the Situation (2) an activity described in subsection means the Government of Venezuela, any
in Venezuela (a)(ii)(A) of this section; or political subdivision, agency, or
By the authority vested in me as President (E) to be owned or controlled by, or to have instrumentality thereof, including the Central
by the Constitution and the laws of the acted or purported to act for or on behalf of, Bank of Venezuela, and any person owned or
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United States of America, including the directly or indirectly, any person whose controlled by, or acting for or on behalf of,
International Emergency Economic Powers property and interests in property are the Government of Venezuela.
Act (50 U.S.C. 1701 et seq.) (IEEPA), the blocked pursuant to this order. Sec. 7. For those persons whose property
National Emergencies Act (50 U.S.C. 1601 et (b) The prohibitions in subsection (a) of and interests in property are blocked
seq.) (NEA), the Venezuela Defense of Human this section apply except to the extent pursuant to this order who might have a
Rights and Civil Society Act of 2014 (Public provided by statutes, or in regulations, constitutional presence in the United States,
Law 113–278) (the ‘‘Venezuela Defense of orders, directives, or licenses that may be I find that because of the ability to transfer
Human Rights Act’’) (the ‘‘Act’’), section issued pursuant to this order, and funds or other assets instantaneously, prior
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![Federal Register / Vol. 80, No. 132 / Friday, July 10, 2015 / Rules and Regulations 39683
notice to such persons of measures to be Strategic Defense Region of the National change in method of operation while
taken pursuant to this order would render Armed Forces, former Director of allowing for comments regarding the
those measures ineffectual. I therefore Operations for the National Guard; born remote operations. This interim rule
determine that for these measures to be June 13, 1961]
increases the efficiency of operations
effective in addressing the national 2. Gustavo Enrique González López [Director
emergency declared in this order, there need General of the National Intelligence allowing for the safe navigation of
be no prior notice of a listing or Service and President of the Strategic vessels through the bridge while
determination made pursuant to section 1 of Center of Security and Protection of the recognizing the bridge’s importance to
this order. Homeland; born November 2, 1960] the Port of Victoria that it serves.
Sec. 8. The Secretary of the Treasury, in 3. Justo José Noguera Pietri [President of the DATES: This interim rule is effective July
consultation with the Secretary of State, is Venezuelan Corporation of Guayana, 10, 2015.
hereby authorized to take such actions, former General Commander of the Comments and related material must
including the promulgation of rules and National Guard; born March 15, 1961]
regulations, and to employ all powers
reach the Coast Guard on or before
4. Katherine Nayarith Haringhton Padron
granted to the President by IEEPA and [National Level Prosecutor of the 20th
September 8, 2015.
section 5 of the Venezuela Defense of Human District Office of the Public Ministry; ADDRESSES: You may submit comments,
Rights Act, other than the authorities born December 5, 1971] identified by docket number, using any
contained in sections 5(b)(1)(B) and 5(c) of 5. Manuel Eduardo Pérez Urdaneta [Director one of the following methods:
that Act, as may be necessary to carry out the of the National Police; born May 26, (1) Federal eRulemaking Portal:
purposes of this order, with the exception of 1962] http://www.regulations.gov.
section 2 of this order, and the relevant 6. Manuel Gregorio Bernal Martı́nez [Chief of (2) Fax: (202) 493–2251.
provisions of section 5 of that Act. The the 31st Armored Brigade of Caracas, (3) Mail or Delivery: Docket
Secretary of the Treasury may redelegate any former Director General of the National
of these functions to other officers and Management Facility (M–30), U.S.
Intelligence Service; born July 12, 1965] Department of Transportation, West
agencies of the United States Government 7. Miguel Alcides Vivas Landino [Inspector
consistent with applicable law. All agencies General of the National Armed Forces,
Building Ground Floor, Room W12–140,
of the United States Government are hereby former Commander of the Andes Integral 1200 New Jersey Avenue SE.,
directed to take all appropriate measures Strategic Defense Region of the National Washington, DC 20590–0001. Deliveries
within their authority to carry out the Armed Forces; born July 8, 1961] accepted between 9 a.m. and 5 p.m.,
provisions of this order. Monday through Friday, except federal
Sec. 9. The Secretary of State is hereby Dated: July 2, 2015.
holidays. The telephone number is 202–
authorized to take such actions, including the John E. Smith,
promulgation of rules and regulations, and to
366–9329.
Acting Director, Office of Foreign Assets See the ‘‘Public Participation and
employ all powers granted to the President Control.
by IEEPA, the INA, and section 5 of the Request for Comments’’ portion of the
Venezuela Defense of Human Rights Act, Approved: SUPPLEMENTARY INFORMATION section
including the authorities set forth in sections Dated: July 2, 2015. below for further instructions on
5(b)(1)(B), 5(c), and 5(d) of that Act, as may Adam J. Szubin, submitting comments. To avoid
be necessary to carry out section 2 of this Acting Under Secretary, Office of Terrorism duplication, please use only one of
order and the relevant provisions of section and Financial Intelligence, Department of the these methods.
5 of that Act. The Secretary of State may Treasury. FOR FURTHER INFORMATION CONTACT: If
redelegate any of these functions to other
officers and agencies of the United States [FR Doc. 2015–16782 Filed 7–9–15; 8:45 am] you have questions on this rule, call or
Government consistent with applicable law. BILLING CODE P email Ms. Geri Robinson; Bridge
Sec. 10. The Secretary of the Treasury, in Administration Branch, Eighth Coast
consultation with the Secretary of State, is Guard District; telephone 504–671–
hereby authorized to determine that DEPARTMENT OF HOMELAND 2128, email geri.a.robinson@uscg.mil. If
circumstances no longer warrant the blocking SECURITY you have questions on viewing or
of the property and interests in property of submitting material to the docket, call
a person listed in the Annex to this order, Coast Guard Cheryl F. Collins, Program Manager,
and to take necessary action to give effect to
that determination.
Docket Operations, telephone (202)
Sec. 11. The Secretary of the Treasury, in 33 CFR Part 117 366–9826.
consultation with the Secretary of State, is [Docket No. USCG–2014–0952] SUPPLEMENTARY INFORMATION:
hereby authorized to submit the recurring
and final reports to the Congress on the RIN 1625–AA09 Table of Acronyms
national emergency declared in this order, CFR Code of Federal Regulations
consistent with section 401(c) of the NEA (50 Drawbridge Operation Regulation; DHS Department of Homeland Security
U.S.C. 1641(c)) and section 204(c) of IEEPA Victoria Barge Canal, Bloomington, TX USCG United States Coast Guard
(50 U.S.C. 1703(c)). NEPA National Environmental Policy Act
Sec. 12. This order is not intended to, and AGENCY:Coast Guard, DHS. NPRM Notice of Proposed Rule Making
does not, create any right or benefit, Interim rule with request for
ACTION: § Section Symbol
substantive or procedural, enforceable at law comments. U.S.C. United States Code
or in equity by any party against the United JOC Joint Outfall Canal
States, its departments, agencies, or entities, SUMMARY: The Coast Guard is modifying
its officers, employees, or agents, or any other the method of operation for the Victoria A. Public Participation and Request for
person. Barge Canal Railroad Bridge across the Comments
Sec. 13. This order is effective at 12:01 a.m. Victoria Barge Canal, mile 29.4, at We encourage you to participate in
mstockstill on DSK4VPTVN1PROD with RULES
eastern daylight time on March 9, 2015.
Bloomington, Victoria County, Texas. this rulemaking by submitting
Barack Obama The bridge owner, the Victoria County comments and related materials. All
THE WHITE HOUSE,
Navigation District, in conjunction with comments received will be posted,
March 8, 2015
the Union Pacific Railroad (UPRR), the without change to http://
Annex operator of the bridge, is operating the www.regulations.gov and will include
1. Antonio José Benavides Torres bridge remotely under a temporary any personal information you have
[Commander of the Central Integral deviation. This interim rule codifies the provided.
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Document Created: 2018-02-23 09:15:16
Document Modified: 2018-02-23 09:15:16
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Rules and Regulations | |
| Action | Final rule. | |
| Dates | Effective: July 10, 2015. | |
| Contact | Assistant Director for Licensing, tel.: 202/622-2480, Assistant Director for Policy, tel.: 202/622-6746, Assistant Director for Regulatory Affairs, tel.: 202/622-4855, Assistant Director for Sanctions Compliance & Evaluation, tel.: 202/ 622-2490, OFAC, or Chief Counsel (Foreign Assets Control), tel.: 202/ 622-2410, Office of the General Counsel, Department of the Treasury (not toll free numbers). | |
| FR Citation | 80 FR 39676 | |
| CFR Associated | Administrative Practice and Procedure; Banking; Banks; Blocking of Assets; Brokers; Credit; Foreign Trade; Investments; Loans; Securities; Services and Venezuela |
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