Taking Additional Steps to Address the Situation in Venezuela

[Federal Register Volume 83, Number 55 (Wednesday, March 21, 2018)]

[Presidential Documents]

[Pages 12469-12470]

From the Federal Register Online via the Government Publishing Office [www.gpo.gov]

[FR Doc No: 2018-05916]

[[Page 12467]]

Vol. 83

Wednesday,

No. 55

March 21, 2018

Part II

The President

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Executive Order 13827--Taking Additional Steps to Address the Situation

in Venezuela

Presidential Documents

Federal Register / Vol. 83 , No. 55 / Wednesday, March 21, 2018 /

Presidential Documents

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Title 3--

The President

[[Page 12469]]

Executive Order 13827 of March 19, 2018

Taking Additional Steps to Address 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 relied upon for additional

steps taken in Executive Order 13808 of August 24,

2017, and in light of recent actions taken by the

Maduro regime to attempt to circumvent U.S. sanctions

by issuing a digital currency in a process that

Venezuela's democratically elected National Assembly

has denounced as unlawful, hereby order as follows:

steps taken in Executive Order 13808 of August 24,

2017, and in light of recent actions taken by the

Maduro regime to attempt to circumvent U.S. sanctions

by issuing a digital currency in a process that

Venezuela's democratically elected National Assembly

has denounced as unlawful, hereby order as follows:

Section 1. (a) All transactions related to, provision

of financing for, and other dealings in, by a United

States person or within the United States, any digital

currency, digital coin, or digital token, that was

issued by, for, or on behalf of the Government of

Venezuela on or after January 9, 2018, are prohibited

as of the effective date of 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 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;

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;

(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 of such entities), or any person

within 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 Petroleos de Venezuela,

S.A. (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

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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

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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 and 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 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 given for implementation

of 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 12:15 p.m. eastern

daylight time on March 19, 2018.

(Presidential Sig.)

THE WHITE HOUSE,

March 19, 2018.

es, its departments, agencies, or

entities, its officers, employees, or agents, or any

other person.

Sec. 7. This order is effective at 12:15 p.m. eastern

daylight time on March 19, 2018.

(Presidential Sig.)

THE WHITE HOUSE,

March 19, 2018.

[FR Doc. 2018-05916

3-20-18; 11:15 am]

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