[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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