Prohibiting Certain Additional Transactions With Respect to Venezuela, 24001-24002 [2018-11335]

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• Executive Office of the President

[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 
                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.

                    (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.

                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