Rule2023-03072
Publication of Venezuela Sanctions Regulations Web General License 31B
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
February 14, 2023
Issuing agencies
Treasury DepartmentForeign Assets Control Office
Abstract
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.
Full Text
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<title>Federal Register, Volume 88 Issue 30 (Tuesday, February 14, 2023)</title>
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[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 [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[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: <a href="http://www.treas.gov/ofac">www.treas.gov/ofac</a>.
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 (<a href="http://www.treas.gov/ofac">www.treas.gov/ofac</a>) 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
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</html>Indexed from Federal Register on February 14, 2023.
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