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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...
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Click the appropriate link below for access to this file.
1.1) The GL was amended on 1-4-2020 (to create Venezuela General License 31A), to change the authorization for the “Venezuelan National Assembly” to the “IV National Assembly,” and to specify that the authorization covers the “Delegated Commission” of the IV National Assembly. The exclusion section (paragraph (c)) was amended to specify that the “illegitimate National Assembly scheduled to be seated on January 5, 2021, including their respective members and staff,” is excluded from the scope of the GL. See previous versions of the GL in the native PDF file.
1.2) See Venezuela General License 42, a GL complementing this one for negotiations involving IV National Assembly entities that would otherwise be prohibited by EOs other than EO 13884 and EO 13850.
2) The GL was further amended on 1-9-2023 (to create...