Imposing Additional Sanctions With Respect to the Situation in Venezuela

Executive Order 13808 of August 24, 2017

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.

    (Presidential Sig.)

THE WHITE HOUSE,

    August 24, 2017.