Safeguarding Venezuelan Oil Revenue for the Good of the American and Venezuelan People

This EO declares a national emergency and uses IEEPA/NEA authority to protect certain U.S.-held Venezuela-related funds from attachment or other judicial process, citing U.S. national security and foreign policy interests in Venezuelan stability. It defines “Foreign Government Deposit Funds,” makes any attachment or similar process null and void, restricts any transfer or dealing absent Treasury authorization, and directs Treasury (with State/DOJ) to hold the funds in a custodial sovereign capacity and assert sovereign immunity in proceedings.

• Treasury
• State
• DOJ
• Energy

Immediate.

The Secretary of the Treasury, in consultation with the Secretary of State, to submit recurring and final reports to the Congress on the national emergency declared in this order, consistent with section 401(c) of the NEA (50 U.S.C. 1641(c)) and section 204(c) of IEEPA (50 U.S.C. 1703(c)).

No known legal challenges.