Blocking Property of Additional Persons Contributing to the Situation in Venezuela

2018-11-02Executive Order 13850
Signed by: Donald Trump
Share:

Headline: Blocks Property and Bans Entry for Individuals Linked to Venezuela

What it does: Agencies must block property of persons tied to Venezuela's gold sector or corruption and suspend their entry into the United States.

Real World Impact:
  • Freezes assets of individuals and companies tied to Venezuela's gold sector.
  • Prohibits donations, funds, goods, or services to designated Venezuelan-linked persons.
  • Suspends immigrant and nonimmigrant entry for persons meeting designation criteria.
Topics: sanctions, Venezuela, immigration, financial restrictions

Summary

This order blocks (freezes) property and forbids U.S. dealings with people and companies that the Secretary of the Treasury, working with the Secretary of State, determines are involved in Venezuela's gold sector, corruption, or that support or are controlled by such people. It also bans donations to those designated and bars their entry into the United States.

The measures affect individuals, companies, and immediate family members tied to these activities, and U.S. persons who would transact with them. The stated purpose is to respond to actions by the Maduro regime and address a national emergency related to Venezuela.

Ask about this order

Ask questions about this executive order and its implications.

What agencies are affected by this order?

How does this order change existing policy?

What are the practical implications of this order?

Related Executive Orders