[House Document 115-61]
[From the U.S. Government Publishing Office]
115th Congress, 1st Session - - - - - - - - - - - - - House Document 115-61
IMPOSING ADDITIONAL SANCTIONS WITH RESPECT TO THE SITUATION IN
VENEZUELA
__________
COMMUNICATION
from
THEPRESIDENTOFTHEUNITEDSTATES
transmitting
AN EXECUTIVE ORDER WITH RESPECT TO VENEZUELA THAT TAKES ADDITIONAL
STEPS WITH RESPECT TO THE NATIONAL EMERGENCY DECLARED IN EXECUTIVE
ORDER 13692 OF MARCH 8, 2015, PURSUANT TO 50 U.S.C. 1622(d); PUBLIC LAW
94-412, SEC. 202(d); (90 STAT. 1257)
[GRAPHIC(S) NOT AVAILABLE IN TIFF FORMAT]
August 29, 2017.--Referred to the Committee on Foreign Affairs and
ordered to be printed
The White House,
Washington, August 25, 2017.
Hon. Paul D. Ryan,
Speaker of the House of Representatives,
Washington, DC.
Dear Mr. Speaker: Pursuant to the International Emergency
Economic Powers Act (IEEPA) (50 U.S.C. 1701 et seq.), I hereby
report that I have signed an Executive Order with respect to
Venezuela that takes additional steps with respect to the
national emergency declared in Executive Order 13692 of March
8, 2015.
The Executive Order prohibits transactions related to
provision of financing for, and other dealings in (i) new debt
of Petroleos de Venezuela, S.A. (PdVSA) with a maturity of
greater than 90 days, (ii) new debt of the rest of the
Government of Venezuela with a maturity of greater than 30
days, (iii) new equity of the Government of Venezuela
(including PdVSA), (iv) bonds issued by the Government of
Venezuela before the effective date of this Executive Order,
and (v) dividend payments or other distributions of profit to
the Government of Venezuela from any entity owned or
controlled, directly or indirectly, by that government. The
Executive Order also prohibits purchases of securities from the
Government of Venezuela. The Secretary of the Treasury has
authority to issue general licenses to mitigate hardship to the
American and Venezuelan people and any negative unintended
consequences that may result from this action.
I have authorized the Secretary of the Treasury, in
consultation with the Secretary of State, 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
carry out the purposes of the Executive Order.
I am enclosing a copy of the Executive Order I have issued.
Sincerely,
Donald J. Trump.
Executive Order
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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;
(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.
Donald J. Trump.
The White House, August 24, 2017.
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