Safeguarding Venezuelan Oil Revenue For The Good Of The American And Venezuelan People

Protects Venezuelan funds held by the U.S. government from seizure or legal claims and preserves them for U.S. foreign policy and diplomatic objectives, particularly related to Venezuela’s ongoing crisis.

What the order does ​

• Declares a national emergency to prevent legal action against Venezuelan government funds in U.S. custody.
• Prohibits any legal claims, attachments, or seizures against these funds.
• Bars transfer, payment, or use of these funds without U.S. government authorization.
• Designates the funds as sovereign property of Venezuela, not U.S. property.
• Directs U.S. officials to assert sovereign immunity of these funds in legal proceedings.
• Allows the Treasury and State Departments to set rules and report to Congress.

Who it affects ​

• Venezuelan government and its agencies (including Central Bank and PDVSA).
• Private parties or creditors seeking to claim Venezuelan funds.
• U.S. government agencies managing or supervising these assets.

Context ​

The order aims to support U.S. interests in stabilizing Venezuela, disrupting illicit activity, and safeguarding diplomatic relations.