EO 14373
Safeguarding Venezuelan Oil Revenue for the Good of the American and Venezuelan People
Foreign PolicyNational SecurityEconomy & Trade
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Summary
This executive order protects Venezuelan government oil revenue funds held in U.S. Treasury accounts from judicial attachment or seizure by creditors. The order invokes emergency powers to prevent court orders from accessing these funds, citing national security and foreign policy interests related to Venezuelan stability, immigration control, and counternarcotics efforts.
Key Points
- 1Declares a national emergency to protect Venezuelan government oil revenue funds held in U.S. Treasury accounts from legal attachment or judicial process
- 2Prohibits and voids any court orders, judgments, liens, or garnishments against these funds, overriding previously issued executive orders affecting the same assets
- 3Specifies that these funds derive from Venezuelan natural resource sales and are held in a custodial governmental capacity, not for commercial use, with disposition determined by the Secretary of State
- 4Cites foreign policy objectives including reducing illegal immigration and drug trafficking, countering Iranian and Hezbollah influence, and promoting Venezuelan economic and political stability
This summary is for informational purposes only. It may not capture all nuances of the executive order. Always refer to the official text for authoritative information.
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