Blocking property of the Government of Venezuela

(a) Blocking of property The President shall exercise all powers granted to the President by the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) to the extent necessary to block and prohibit all transactions in all property and interests in property of the Government of Venezuela and any person described in subsection (b) if such property and interests in property are in the United States, come within the United States, or are or come within the possession or control of a United States person. (b) Persons described A person described in this subsection is any person determined by the Secretary of the Treasury, in consultation with the Secretary of State— (1) to have materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, any person the property and interests in property of which are blocked pursuant to subsection (a); or (2) to be owned or controlled by, or to have acted or purported to act for or on behalf of, directly or indirectly, any person the property and interests in property of which are blocked pursuant to subsection (a). (c) Prohibitions on evasion Any transaction that evades or avoids, has the purpose of evading or avoiding, causes a violation of, or attempts to violate, the prohibition under subsection (a) is prohibited. (d) Applicability Subsection (a) and the prohibition under subsection (c) shall apply— (1) to the extent provided by statutes, or in regulations, orders, directives, or licenses that may be issued pursuant to this section; and (2) notwithstanding any contract entered into or any license or permit granted before the date of the enactment of this Act. (e) Rulemaking (1) In general The Secretary of the Treasury, in consultation with the Secretary of State, may take such actions, including prescribing rules and regulations, as are necessary to implement this section. (2) Delegation The Secretary of the Treasury may redelegate the authority described in paragraph (1) to other officers and agencies of the United States Government. (f) Responsibility of other agencies All agencies of the United States Government shall take all appropriate measures within their authority to carry out the provisions of this section.