[Federal Register Volume 88, Number 30 (Tuesday, February 14, 2023)]
[Rules and Regulations]
[Page 9397]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-03072]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 591


Publication of Venezuela Sanctions Regulations Web General 
License 31B

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of Web General License.

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SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing general license (GL) 31B issued pursuant 
to the Venezuela Sanctions Regulations. GL 31B was previously made 
available on OFAC's website.

DATES: GL 31B was issued on January 9, 2023. 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 Sanctions Compliance & 
Evaluation, 202-622-2490.

SUPPLEMENTARY INFORMATION: 

Electronic Availability

    This document and additional information concerning OFAC are 
available on OFAC's website: www.treas.gov/ofac.

Background

    On January 9, 2023, OFAC issued GL 31B to authorize certain 
transactions otherwise prohibited by the Venezuela Sanctions 
Regulations, 31 CFR part 591. The GL was made available on OFAC's 
website (www.treas.gov/ofac) when it was issued. The text of GL 31B is 
provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Venezuela Sanctions Regulations

31 CFR Part 591

GENERAL LICENSE NO. 31B

Certain Transactions Involving the IV Venezuelan National Assembly and 
Certain Other Persons

    (a) Except as provided in paragraph (c) of this general license, 
U.S. persons are authorized to engage in all transactions prohibited 
by Executive Order (E.O.) 13884, as incorporated into the Venezuela 
Sanctions Regulations, 31 CFR part 591 (the VSR), involving the IV 
Venezuelan National Assembly seated on January 5, 2016 (``IV 
National Assembly''); its Delegated Commission; any entity 
established by, or under the direction of, the IV National Assembly 
to exercise its mandate (``IV National Assembly Entity''); or any 
person appointed or designated by, or whose appointment or 
designation is retained by, the IV National Assembly, its Delegated 
Commission, or a IV National Assembly Entity, including their 
respective members and staff.
    (b) Except as provided in paragraph (c) of this general license, 
U.S. persons are authorized to engage in all transactions prohibited 
by E.O. 13850, as amended by E.O. 13857, and incorporated into the 
VSR, involving any person appointed or designated by, or whose 
appointment or designation is retained by, the IV National Assembly, 
its Delegated Commission, or a IV National Assembly Entity to the 
board of directors (including any ad hoc board of directors) or as 
an executive officer of a Government of Venezuela entity (including 
entities owned or controlled, directly or indirectly, by the 
Government of Venezuela).
    (c) This general license does not authorize:
    (1) Any transaction involving the Venezuelan National 
Constituent Assembly convened by Nicolas Maduro or the National 
Assembly seated on January 5, 2021, including their respective 
members and staff; or
    (2) Any transaction otherwise prohibited by the VSR, including 
transactions involving any person blocked pursuant to the VSR other 
than the persons identified in paragraph (a) or (b) of this general 
license, unless separately authorized.
    (d) Effective January 9, 2023, General License No. 31A, dated 
January 4, 2021, is replaced and superseded in its entirety by this 
General License No. 31B.

Andrea M. Gacki,
Director, Office of Foreign Assets Control.

    Dated: January 9, 2023.

Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-03072 Filed 2-13-23; 8:45 am]
BILLING CODE 4810-AL-P