Sec. 406. Additional financial sanctions on Venezuelan government debt
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Executive Order 13835 (83 Fed. Reg. 24001), which was signed on May 21, 2018, established additional sanctions against transactions involving the Government of Venezuela’s existing public debt. The President may prohibit a United States person or any person within the United States from— purchasing any debt owed to the Government of Venezuela, including accounts receivable; entering into any transaction related to any debt owed to the Government of Venezuela that is pledged as collateral after May 21, 2018, including accounts receivable; or entering into any transaction involving the selling, transferring, assigning, or pledging as collateral by the Government of Venezuela of any equity interest in any entity in which the Government of Venezuela has a 50 percent or greater ownership interest.
It is the sense of Congress that the President should waive the prohibitions described in subsection
(a)if transactions involving related debt instruments, bonds, or securities have been approved or ratified by the democratically elected National Assembly of Venezuela. The Secretary of the Treasury, in consultation with the Secretary of State, may promulgate such regulations as may be necessary to enforce the prohibition set forth in subsection (b).
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- 83 FR 24001
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Sec. 406
Additional financial sanctions on Venezuelan government debt
Fed. Reg.83 FR 24001
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