Blocking Property of Additional Persons Contributing to the Situation in Venezuela

This executive order expands U.S. sanctions against Venezuela by authorizing the Treasury Secretary to block property of persons operating in the Venezuelan gold sector or other designated economic sectors, those involved in corruption with the Venezuelan government, and their supporters. It also suspends U.S. entry for sanctioned individuals and prohibits donations to blocked persons.

Federal Register Open PDF 83 FR 55243

Impact dates

Date TBD
Treasury and State Departments to promulgate rules and regulations to implement order

Key directives

Block all property and interests in property of designated persons in U.S. jurisdiction (Section 1)
Authorize Treasury Secretary to designate persons operating in Venezuelan gold sector or other sectors (Section 1(a)(i))
Authorize designation for corruption involving Venezuelan government (Section 1(a)(ii))
Suspend U.S. entry of designated persons as immigrants and nonimmigrants (Section 2)
Prohibit donations of specified articles to blocked persons (Section 3)
Prohibit contributions, provision of funds/goods/services to or from blocked persons (Section 4)
Waive prior notice requirement for listings (Section 7)
Authorize Treasury Secretary to promulgate implementing regulations (Section 8)
Authorize Secretary of State to implement entry suspension and related authorities (Section 9)

Who is ordered

Timeline

Immediate

Property blocking authority takes effect upon signing
U.S. entry suspension effective immediately for designated persons
Prohibition on donations to blocked persons effective immediately
Prior notice requirement waived for listings

Near term (90d)

Treasury and State Departments to promulgate implementing rules and regulations
Potential sectoral designations beyond gold as determined by Treasury Secretary

Long term

Ongoing sanctions enforcement and potential expansion to additional Venezuelan economic sectors
Cumulative effect with prior Venezuela EOs 13692, 13808, 13827, 13835

Risks & tensions

Vague: No explicit deadline for implementing regulations; 'such actions' language leaves timing discretionary
Sectoral expansion mechanism (1(a)(i)) grants broad discretionary authority to Treasury Secretary with uncertain scope
Immediate family member provision (1(a)(ii)) may create due process concerns given lack of prior notice
Interaction with existing sanctions framework creates compliance complexity for U.S. persons
Potential for unintended humanitarian effects on Venezuelan population despite targeting regime corruption