Publication of Venezuela Sanctions Regulations Web General Licenses 5Q and 8O, 103651-103652 [2024-29991]
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Federal Register / Vol. 89, No. 244 / Thursday, December 19, 2024 / Rules and Regulations
(b) Records. Consistent with
§§ 501.601 and 501.602 of this chapter,
U.S. persons who receive payments
pursuant to paragraph (a) of this section
must retain for ten five years from the
date of the relevant payment, and
furnish to OFAC on demand, a record
that specifies the following for each
payment:
(1) The individual or entity from
whom the funds originated and the
amount of funds received; and
(2) If applicable:
(i) 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;
(ii) A general description of the
services provided; and
(iii) The amount of funds paid in
connection with such services.
PART 599—ILLICIT DRUG TRADE
SANCTIONS REGULATIONS
65. The authority citation for part 599
is revised to read as follows:
Authority: 3 U.S.C. 301; 21 U.S.C. 2301 et
seq.; 31 U.S.C. 321(b); 50 U.S.C. 1601 et seq.,
1701 et seq.; Pub. L. 101–410, 104 Stat. 890,
as amended (28 U.S.C. 2461 note); E.O.
14059, 86 FR 71549, 3 CFR, 2021 Comp., p.
715.
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
66. In § 599.507, revise and republish
paragraph (b) to read as follows:
■
§ 599.507 Payments for legal services from
funds originating outside the United States.
lotter on DSK11XQN23PROD with RULES1
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(b) Records. Consistent with
§§ 501.601 and 501.602 of this chapter,
U.S. persons who receive payments
pursuant to paragraph (a) of this section
must retain for ten years from the date
of the relevant payment, and furnish to
OFAC on demand, a record that
specifies the following for each
payment:
(1) The individual or entity from
whom the funds originated and the
amount of funds received; and
(2) If applicable:
(i) 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;
(ii) A general description of the
services provided; and
VerDate Sep<11>2014
16:31 Dec 18, 2024
Jkt 265001
(iii) The amount of funds paid in
connection with such services.
OFFICE OF FOREIGN ASSETS CONTROL
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets
Control.
31 CFR Part 591
[FR Doc. 2024–30344 Filed 12–17–24; 11:15 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 591
Publication of Venezuela Sanctions
Regulations Web General Licenses 5Q
and 8O
Office of Foreign Assets
Control, Treasury.
AGENCY:
Publication of web general
licenses.
ACTION:
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing two
general licenses (GL) issued pursuant to
the Venezuela Sanctions Regulations:
GL 5Q and GL 8O, each of which was
previously made available on OFAC’s
website.
SUMMARY:
■
103651
GL 5Q was issued on November
7, 2024. See SUPPLEMENTARY
INFORMATION for additional relevant
dates.
DATES:
FOR FURTHER INFORMATION CONTACT:
OFAC: Assistant Director for Licensing,
202–622–2480; Assistant Director for
Regulatory Affairs, 202–622–4855; or
Assistant Director for Compliance, 202–
622–2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional
information concerning OFAC are
available on OFAC’s website: https://
ofac.treasury.gov.
Background
On November 7, 2024, OFAC issued
GL 5Q and GL 8O to authorize certain
transactions otherwise prohibited by the
Venezuela Sanctions Regulations (VSR),
31 CFR part 591. Each GL was made
available on OFAC’s website (https://
ofac.treasury.gov) when it was issued.
GL 5Q supersedes GL 5P, which was
issued on August 12, 2024. GL 8O
supersedes GL 8N, which was issued on
May 10, 2024. The text of these GLs is
provided below.
PO 00000
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Venezuela Sanctions Regulations
GENERAL LICENSE NO. 5Q
Authorizing Certain Transactions Related to
the Petróleos de Venezuela, S.A. 2020 8.5
Percent Bond on or After March 7, 2025
(a) Except as provided in paragraph (b) of
this general license, on or after March 7,
2025, all transactions related to, the
provision of financing for, and other dealings
in the Petróleos de Venezuela, S.A. 2020 8.5
Percent Bond that would be prohibited by
subsection l(a)(iii) of Executive Order (E.O.)
13835 of May 21, 2018, as amended by E.O.
13857 of January 25, 2019, and incorporated
into the Venezuela Sanctions Regulations, 31
CFR part 591 (the VSR), are authorized.
(b) This general license does not authorize
any transactions or activities otherwise
prohibited by the VSR, or any other part of
31 CFR chapter V.
(c) Effective November 7, 2024, General
License No. 5P, dated August 12, 2024, is
replaced and superseded in its entirety by
this General License No. 5Q.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets
Control.
Dated: November 7, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 8O
Authorizing Transactions Involving
Petróleos de Venezuela, S.A. (PdVSA)
Necessary for the Limited Maintenance of
Essential Operations in Venezuela or the
Wind Down of Operations in Venezuela for
Certain Entities
(a) Except as provided in paragraphs (c)
and (d) of this general license, all
transactions and activities prohibited by
Executive Order (E.O.) 13850 of November 1,
2018, as amended by E.O. 13857 of January
25, 2019, or E.O. 13884 of August 5, 2019,
each as incorporated into the Venezuela
Sanctions Regulations, 31 CFR part 591 (the
VSR), that are ordinarily incident and
necessary to the limited maintenance of
essential operations, contracts, or other
agreements, that: (i) are for safety or the
preservation of assets in Venezuela; (ii)
involve PdVSA or any entity in which
PdVSA owns, directly or indirectly, a 50
percent or greater interest; and (iii) were in
effect prior to July 26, 2019, are authorized
through 12:01 a.m. eastern daylight time,
May 9, 2025, for the following entities and
their subsidiaries (collectively, the ‘‘Covered
Entities’’):
• Halliburton
• Schlumberger Limited
• Baker Hughes Holdings LLC
• Weatherford International, Public Limited
Company
Note to paragraph (a). Transactions and
activities necessary for safety or the
preservation of assets in Venezuela that are
authorized by paragraph (a) of this general
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103652
Federal Register / Vol. 89, No. 244 / Thursday, December 19, 2024 / Rules and Regulations
license include: transactions and activities
necessary to ensure the safety of personnel,
or the integrity of operations and assets in
Venezuela; participation in shareholder and
board of directors meetings; making
payments on third-party invoices for
transactions and activities authorized by
paragraph (a) of this general license, or
incurred prior to April 21, 2020, provided
such activity was authorized at the time it
occurred; payment of local taxes and
purchase of utility services in Venezuela; and
payment of salaries for employees and
contractors in Venezuela.
(b) Except as provided in paragraph (d) of
this general license, all transactions and
activities prohibited by E.O. 13850, as
amended, or E.O. 13884, each as
incorporated into the VSR, that are ordinarily
incident and necessary to the wind down of
operations, contracts, or other agreements in
Venezuela involving PdVSA or any entity in
which PdVSA owns, directly or indirectly, a
50 percent or greater interest, and that were
in effect prior to July 26, 2019, are authorized
through 12:01 a.m. eastern daylight time,
May 9, 2025, for the Covered Entities.
(c) Paragraph (a) of this general license
does not authorize:
(1) The drilling, lifting, or processing of,
purchase or sale of, or transport or shipping
of any Venezuelan-origin petroleum or
petroleum products;
(2) The provision or receipt of insurance or
reinsurance with respect to the transactions
and activities described in paragraph (c)(1) of
this general license;
(3) The design, construction, installation,
repair, or improvement of any wells or other
facilities or infrastructure in Venezuela or the
purchasing or provision of any goods or
services, except as required for safety;
(4) Contracting for additional personnel or
services, except as required for safety; or
(5) The payment of any dividend,
including in kind, to PdVSA, or any entity
in which PdVSA owns, directly or indirectly,
a 50 percent or greater interest.
(d) This general license does not authorize:
(1) Any transactions or dealings related to
the exportation or reexportation of diluents,
directly or indirectly, to Venezuela;
(2) Any loans to, accrual of additional debt
by, or subsidization of PdVSA, or any entity
in which PdVSA owns, directly or indirectly,
a 50 percent or greater interest, including in
kind, prohibited by E.O. 13808 of August 24,
2017, as amended by E.O. 13857, and
incorporated into the VSR; or
(3) Any transactions or activities otherwise
prohibited by the VSR, or any other part of
31 CFR chapter V, or any transactions or
activities with any blocked person other than
the blocked persons identified in paragraphs
(a) and (b) of this general license.
(e) Effective November 7, 2024, General
License No. 8N, dated May 10, 2024, is
replaced and superseded in its entirety by
this General License No. 8O.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets
Control.
VerDate Sep<11>2014
16:31 Dec 18, 2024
Jkt 265001
Dated: November 7, 2024.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets
Control.
[FR Doc. 2024–29991 Filed 12–18–24; 8:45 am]
BILLING CODE 4810–AL–P
40 CFR Parts 50 and 58
[EPA–HQ–OAR–2015–0072; FRL–8635.1–
02–OAR]
RIN 2060–AW48
I. General Information
Reconsideration of the National
Ambient Air Quality Standards for
Particulate Matter; Correction
Environmental Protection
Agency (EPA).
ACTION: Final rule; correction and
correcting amendment.
AGENCY:
The Environmental Protection
Agency (EPA) is correcting a final rule
published in the Federal Register on
March 6, 2024, that became effective on
May 6, 2024. The final rule revised the
primary annual PM2.5 standard by
lowering the level from 12.0 mg/m3 to
9.0 mg/m3, retained the current primary
24-hour PM2.5 standard and the primary
24-hour PM10 standard, retained the
secondary 24-hour PM2.5 standard,
secondary annual PM2.5 standard, and
secondary 24-hour PM10 standard, and
finalized revisions to the Air Quality
Index (AQI) and monitoring
requirements for the national ambient
air quality standards for particulate
matter (PM NAAQS). After publication,
the EPA became aware of an error in the
preamble text regarding the due date for
infrastructure State implementation
plan (infrastructure SIP) submissions for
the 2024 p.m. NAAQS. With this action,
the EPA is clarifying the due date for
infrastructure SIP submissions for the
2024 p.m. NAAQS. The EPA is also
correcting inadvertent errors in the
PM2.5 monitoring regulatory text. These
corrections do not include any
substantive changes to the final rule.
DATES: This correction is effective on
December 19, 2024.
ADDRESSES: The EPA has established a
docket for the final rule under Docket ID
No. EPA–HQ–OAR–2015–0072. All
documents in the docket are listed on
the www.regulations.gov website.
Although listed in the index, some
information is not publicly available,
e.g., confidential business information
or other information whose disclosure is
restricted by statute. Certain other
SUMMARY:
Frm 00026
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Mr.
Tim Hanley, Air Quality Assessment
Division, Office of Air Quality Planning
and Standards, U.S. Environmental
Protection Agency, Mail Code C304–06,
Research Triangle Park, NC 27711;
telephone: (919) 541–4417; email:
hanley.tim@epa.gov.
SUPPLEMENTARY INFORMATION:
FOR FURTHER INFORMATION CONTACT:
ENVIRONMENTAL PROTECTION
AGENCY
PO 00000
material, such as copyrighted material,
is not placed on the internet and will be
publicly available only in hard copy.
Publicly available docket materials are
available electronically through
www.regulations.gov.
Sfmt 4700
A. What is the authority for this action?
The EPA is correcting the deadline for
infrastructure SIP submissions under its
authority provided in section 110(a)(1)
of the Clean Air Act (CAA) (42 U.S.C.
7410), which directs the States to
submit their implementation plans
within 3 years after promulgation of a
primary or secondary NAAQS.
The EPA is also acting under the
authority provided by CAA sections
103, 105, 110, 114, 301, 311, 314, and
319, which direct the EPA to develop
and implement measures to conduct
ambient air quality surveillance. Under
this authority, this action implements
minor, non-substantive typographical
and technical corrections to conform the
40 CFR part 58 regulatory text to the
rule’s preamble and remedies regulatory
text formatting errors.
B. What corrective action is the Agency
taking?
Correction to Preamble of March 6 Final
Rule
In the proposed rule published on
January 27, 2023 (88 FR 5558), the
preamble states that ‘‘Under CAA
sections 110(a)(1), all states are required
to make these infrastructure SIP
submissions within 3 years after
promulgation of a new or revised
primary standard.’’ However, in the
final rule published on March 6, 2024
(89 FR 16202), the preamble incorrectly
and inadvertently states that ‘‘Under
CAA section 110(a)(1), all States are
required to make these infrastructure
SIP submissions within three years after
the effective date of a new or revised
primary standard. While the CAA
authorizes the EPA to set a shorter time
for States to make these SIP
submissions, the EPA is requiring
submission of infrastructure SIPs within
three years of the effective date of this
revised primary annual PM2.5 NAAQS.’’
Pursuant to CAA section 110(a)(1),
infrastructure SIP submissions are not
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]]>Agencies
[Federal Register Volume 89, Number 244 (Thursday, December 19, 2024)]
[Rules and Regulations]
[Pages 103651-103652]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-29991]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 591
Publication of Venezuela Sanctions Regulations Web General
Licenses 5Q and 8O
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of web general licenses.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing two general licenses (GL) issued pursuant
to the Venezuela Sanctions Regulations: GL 5Q and GL 8O, each of which
was previously made available on OFAC's website.
DATES: GL 5Q was issued on November 7, 2024. See SUPPLEMENTARY
INFORMATION for additional relevant dates.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs,
202-622-4855; or Assistant Director for Compliance, 202-622-2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website: https://ofac.treasury.gov.
Background
On November 7, 2024, OFAC issued GL 5Q and GL 8O to authorize
certain transactions otherwise prohibited by the Venezuela Sanctions
Regulations (VSR), 31 CFR part 591. Each GL was made available on
OFAC's website (https://ofac.treasury.gov) when it was issued. GL 5Q
supersedes GL 5P, which was issued on August 12, 2024. GL 8O supersedes
GL 8N, which was issued on May 10, 2024. The text of these GLs is
provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 5Q
Authorizing Certain Transactions Related to the Petr[oacute]leos de
Venezuela, S.A. 2020 8.5 Percent Bond on or After March 7, 2025
(a) Except as provided in paragraph (b) of this general license,
on or after March 7, 2025, all transactions related to, the
provision of financing for, and other dealings in the
Petr[oacute]leos de Venezuela, S.A. 2020 8.5 Percent Bond that would
be prohibited by subsection l(a)(iii) of Executive Order (E.O.)
13835 of May 21, 2018, as amended by E.O. 13857 of January 25, 2019,
and incorporated into the Venezuela Sanctions Regulations, 31 CFR
part 591 (the VSR), are authorized.
(b) This general license does not authorize any transactions or
activities otherwise prohibited by the VSR, or any other part of 31
CFR chapter V.
(c) Effective November 7, 2024, General License No. 5P, dated
August 12, 2024, is replaced and superseded in its entirety by this
General License No. 5Q.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.
Dated: November 7, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 8O
Authorizing Transactions Involving Petr[oacute]leos de Venezuela, S.A.
(PdVSA) Necessary for the Limited Maintenance of Essential Operations
in Venezuela or the Wind Down of Operations in Venezuela for Certain
Entities
(a) Except as provided in paragraphs (c) and (d) of this general
license, all transactions and activities prohibited by Executive
Order (E.O.) 13850 of November 1, 2018, as amended by E.O. 13857 of
January 25, 2019, or E.O. 13884 of August 5, 2019, each as
incorporated into the Venezuela Sanctions Regulations, 31 CFR part
591 (the VSR), that are ordinarily incident and necessary to the
limited maintenance of essential operations, contracts, or other
agreements, that: (i) are for safety or the preservation of assets
in Venezuela; (ii) involve PdVSA or any entity in which PdVSA owns,
directly or indirectly, a 50 percent or greater interest; and (iii)
were in effect prior to July 26, 2019, are authorized through 12:01
a.m. eastern daylight time, May 9, 2025, for the following entities
and their subsidiaries (collectively, the ``Covered Entities''):
Halliburton
Schlumberger Limited
Baker Hughes Holdings LLC
Weatherford International, Public Limited Company
Note to paragraph (a). Transactions and activities necessary for
safety or the preservation of assets in Venezuela that are
authorized by paragraph (a) of this general
[[Page 103652]]
license include: transactions and activities necessary to ensure the
safety of personnel, or the integrity of operations and assets in
Venezuela; participation in shareholder and board of directors
meetings; making payments on third-party invoices for transactions
and activities authorized by paragraph (a) of this general license,
or incurred prior to April 21, 2020, provided such activity was
authorized at the time it occurred; payment of local taxes and
purchase of utility services in Venezuela; and payment of salaries
for employees and contractors in Venezuela.
(b) Except as provided in paragraph (d) of this general license,
all transactions and activities prohibited by E.O. 13850, as
amended, or E.O. 13884, each as incorporated into the VSR, that are
ordinarily incident and necessary to the wind down of operations,
contracts, or other agreements in Venezuela involving PdVSA or any
entity in which PdVSA owns, directly or indirectly, a 50 percent or
greater interest, and that were in effect prior to July 26, 2019,
are authorized through 12:01 a.m. eastern daylight time, May 9,
2025, for the Covered Entities.
(c) Paragraph (a) of this general license does not authorize:
(1) The drilling, lifting, or processing of, purchase or sale
of, or transport or shipping of any Venezuelan-origin petroleum or
petroleum products;
(2) The provision or receipt of insurance or reinsurance with
respect to the transactions and activities described in paragraph
(c)(1) of this general license;
(3) The design, construction, installation, repair, or
improvement of any wells or other facilities or infrastructure in
Venezuela or the purchasing or provision of any goods or services,
except as required for safety;
(4) Contracting for additional personnel or services, except as
required for safety; or
(5) The payment of any dividend, including in kind, to PdVSA, or
any entity in which PdVSA owns, directly or indirectly, a 50 percent
or greater interest.
(d) This general license does not authorize:
(1) Any transactions or dealings related to the exportation or
reexportation of diluents, directly or indirectly, to Venezuela;
(2) Any loans to, accrual of additional debt by, or
subsidization of PdVSA, or any entity in which PdVSA owns, directly
or indirectly, a 50 percent or greater interest, including in kind,
prohibited by E.O. 13808 of August 24, 2017, as amended by E.O.
13857, and incorporated into the VSR; or
(3) Any transactions or activities otherwise prohibited by the
VSR, or any other part of 31 CFR chapter V, or any transactions or
activities with any blocked person other than the blocked persons
identified in paragraphs (a) and (b) of this general license.
(e) Effective November 7, 2024, General License No. 8N, dated
May 10, 2024, is replaced and superseded in its entirety by this
General License No. 8O.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.
Dated: November 7, 2024.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2024-29991 Filed 12-18-24; 8:45 am]
BILLING CODE 4810-AL-P
