Prohibiting Certain Additional Transactions With Respect to Venezuela

[Federal Register Volume 83, Number 101 (Thursday, May 24, 2018)]

[Presidential Documents]

[Pages 24001-24002]

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

[FR Doc No: 2018-11335]

Presidential Documents

Federal Register / Vol. 83, No. 101 / Thursday, May 24, 2018 /

Presidential Documents

___________________________________________________________________

Title 3--

The President

[[Page 24001]]

Executive Order 13835 of May 21, 2018

Prohibiting Certain Additional Transactions With

Respect to 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

Executive Order 13827 of March 19, 2018, particularly

in light of the recent activities of the Maduro regime,

including endemic economic mismanagement and public

corruption at the expense of the Venezuelan people and

their prosperity, and ongoing repression of the

political opposition; attempts to undermine democratic

order by holding snap elections that are neither free

nor fair; and the regime's responsibility for the

deepening humanitarian and public health crisis in

Ve

expense of the Venezuelan people and

their prosperity, and ongoing repression of the

political opposition; attempts to undermine democratic

order by holding snap elections that are neither free

nor fair; and the regime's responsibility for the

deepening humanitarian and public health crisis in

Venezuela, 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) the purchase of any debt owed to the Government of Venezuela, including

accounts receivable;

(ii) any debt owed to the Government of Venezuela that is pledged as

collateral after the effective date of this order, including accounts

receivable; and

(iii) the sale, transfer, assignment, or pledging as collateral by the

Government of Venezuela of any equity interest in any entity in which the

Government of Venezuela has a 50 percent or greater ownership interest.

(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.

ny 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;

(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),

[[Page 24002]]

and any person owned or controlled by, or acting for or

on behalf of, the Government of Venezuela.

a'' 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),

[[Page 24002]]

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, re-delegate 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. 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. 6. This order is effective at 12:30 p.m. eastern

daylight time on May 21, 2018.

(Presidential Sig.)

THE WHITE HOUSE,

May 21, 2018.

[FR Doc. 2018-11335

Filed 5-23-18; 8:45 am]

Billing code 3295-F8-P