82 FR 41155 - Imposing Additional Sanctions With Respect to the Situation in Venezuela

Executive Office of the President

Federal Register Volume 82, Issue 166 (August 29, 2017)

[Federal Register Volume 82, Number 166 (Tuesday, August 29, 2017)]
[Presidential Documents]
[Pages 41155-41156]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-18468]



[[Page 41153]]

Vol. 82

Tuesday,

No. 166

August 29, 2017

Part IV





The President





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Executive Order 13808--Imposing Additional Sanctions With Respect to 
the Situation in Venezuela


                        Presidential Documents 



Federal Register / Vol. 82 , No. 166 / Tuesday, August 29, 2017 / 
Presidential Documents

___________________________________________________________________

Title 3--
The President

[[Page 41155]]

                Executive Order 13808 of August 24, 2017

                
Imposing Additional Sanctions With Respect 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.), and 
                section 301 of title 3, United States Code,

                I, DONALD J. TRUMP, President of the United States of 
                America, in order to take additional steps with respect 
                to the national emergency declared in Executive Order 
                13692 of March 8, 2015, and particularly in light of 
                recent actions and policies of the Government of 
                Venezuela, including serious abuses of human rights and 
                fundamental freedoms; responsibility for the deepening 
                humanitarian crisis in Venezuela; establishment of an 
                illegitimate Constituent Assembly, which has usurped 
                the power of the democratically elected National 
                Assembly and other branches of the Government of 
                Venezuela; rampant public corruption; and ongoing 
                repression and persecution of, and violence toward, the 
                political opposition, hereby order as follows:

                Section 1. (a) All transactions related to, provision 
                of financing for, and other dealings in the following 
                by a United States person or within the United States 
                are prohibited:

(i) new debt with a maturity of greater than 90 days of Petroleos de 
Venezuela, S.A. (PdVSA);

(ii) new debt with a maturity of greater than 30 days, or new equity, of 
the Government of Venezuela, other than debt of PdVSA covered by subsection 
(a)(i) of this section;

(iii) bonds issued by the Government of Venezuela prior to the effective 
date of this order; or

(iv) dividend payments or other distributions of profits to the Government 
of Venezuela from any entity owned or controlled, directly or indirectly, 
by the Government of Venezuela.

                    (b) The purchase, directly or indirectly, by a 
                United States person or within the United States, of 
                securities from the Government of Venezuela, other than 
                securities qualifying as new debt with a maturity of 
                less than or equal to 90 or 30 days as covered by 
                subsections (a)(i) or (a)(ii) of this section, 
                respectively, is prohibited.
                    (c) The prohibitions in subsections (a) and (b) 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 before the effective date of 
                this order.

                Sec. 2. (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. 3. For the purposes of this order:

                    (a) the term ``person'' means an individual or 
                entity;

[[Page 41156]]

                    (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; 
                and
                    (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 PdVSA, and any person 
                owned or controlled by, or acting for or on behalf of, 
                the Government of Venezuela.

                Sec. 4. The Secretary of the Treasury, in consultation 
                with the Secretary of State, is hereby authorized to 
                take such actions, including promulgating rules and 
                regulations, and to employ all powers granted to the 
                President by IEEPA as may be necessary to implement 
                this order. The Secretary of the Treasury may, 
                consistent with applicable law, redelegate any of these 
                functions to other officers and executive departments 
                and agencies of the United States Government. All 
                agencies of the United States Government shall take all 
                appropriate measures within their authority to carry 
                out the provisions of this order.

                Sec. 5. For those persons whose property or interests 
                in property are affected by 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 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 Executive 
                Order 13692, there need be no prior notice of a listing 
                or determination made pursuant to this order.

                Sec. 6. 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. 7. This order is effective at 12:01 a.m. eastern 
                daylight time on August 25, 2017.
                
                
                    (Presidential Sig.)

                THE WHITE HOUSE,

                    August 24, 2017.

[FR Doc. 2017-18468
Filed 8-28-17; 11:15 am]
Billing code 3295-F7-P