2024-12-19 | 2024-29991

Publication of Venezuela Sanctions Regulations Web General Licenses 5Q and 8O

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) published General Licenses 5Q and 8O to authorize specific transactions otherwise prohibited by the Venezuela Sanctions Regulations. General License 5Q authorizes transactions related to the Petroleos de Venezuela, S.A. 2020 bond on or after March 7, 2025, while General License 8O permits limited maintenance of essential operations and wind-down activities for certain entities through May 9, 2025. These licenses supersede previous general licenses and explicitly prohibit activities such as petroleum extraction, new debt issuance, and the exportation of diluents to Venezuela.

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Federal Register / Vol. 89, No. 244 / Thursday, December 19, 2024 / Rules and Regulations 103651 (b) Records. Consistent with §§ 501.601 and 501.602 of this chapter, U.S. persons who receive payments pursuant to paragraph (a) of this section must retain for ten five years from the date of the relevant payment, and furnish to OFAC on demand, a record that specifies the following for each payment: (1) The individual or entity from whom the funds originated and the amount of funds received; and (2) If applicable: (i) The names of any individuals or entities providing related services to the U.S. person receiving payment in connection with authorized legal services, such as private investigators or expert witnesses; (ii) A general description of the services provided; and (iii) The amount of funds paid in connection with such services. PART 599—ILLICIT DRUG TRADE SANCTIONS REGULATIONS ■ 65. The authority citation for part 599 is revised to read as follows: Authority: 3 U.S.C. 301; 21 U.S.C. 2301 et seq.; 31 U.S.C. 321(b); 50 U.S.C. 1601 et seq., 1701 et seq.; Pub. L. 101–410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 14059, 86 FR 71549, 3 CFR, 2021 Comp., p. 715. Subpart E—Licenses, Authorizations, and Statements of Licensing Policy ■ 66. In § 599.507, revise and republish paragraph (b) to read as follows: § 599.507 Payments for legal services from funds originating outside the United States.


(b) Records. Consistent with §§ 501.601 and 501.602 of this chapter, U.S. persons who receive payments pursuant to paragraph (a) of this section must retain for ten years from the date of the relevant payment, and furnish to OFAC on demand, a record that specifies the following for each payment: (1) The individual or entity from whom the funds originated and the amount of funds received; and (2) If applicable: (i) The names of any individuals or entities providing related services to the U.S. person receiving payment in connection with authorized legal services, such as private investigators or expert witnesses; (ii) A general description of the services provided; and (iii) The amount of funds paid in connection with such services. Lisa M. Palluconi, Acting Director, Office of Foreign Assets Control. [FR Doc. 2024–30344 Filed 12–17–24; 11:15 am] BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Part 591 Publication of Venezuela Sanctions Regulations Web General Licenses 5Q and 8O AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Publication of web general licenses. SUMMARY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing two general licenses (GL) issued pursuant to the Venezuela Sanctions Regulations: GL 5Q and GL 8O, each of which was previously made available on OFAC’s website. DATES: GL 5Q was issued on November 7, 2024. See SUPPLEMENTARY INFORMATION for additional relevant dates. FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for Licensing, 202–622–2480; Assistant Director for Regulatory Affairs, 202–622–4855; or Assistant Director for Compliance, 202– 622–2490. SUPPLEMENTARY INFORMATION: Electronic Availability This document and additional information concerning OFAC are available on OFAC’s website: https:// ofac.treasury.gov. Background On November 7, 2024, OFAC issued GL 5Q and GL 8O to authorize certain transactions otherwise prohibited by the Venezuela Sanctions Regulations (VSR), 31 CFR part 591. Each GL was made available on OFAC’s website (https:// ofac.treasury.gov) when it was issued. GL 5Q supersedes GL 5P, which was issued on August 12, 2024. GL 8O supersedes GL 8N, which was issued on May 10, 2024. The text of these GLs is provided below. OFFICE OF FOREIGN ASSETS CONTROL Venezuela Sanctions Regulations 31 CFR Part 591 GENERAL LICENSE NO. 5Q Authorizing Certain Transactions Related to the Petro´leos de Venezuela, S.A. 2020 8.5 Percent Bond on or After March 7, 2025 (a) Except as provided in paragraph (b) of this general license, on or after March 7, 2025, all transactions related to, the provision of financing for, and other dealings in the Petro´leos de Venezuela, S.A. 2020 8.5 Percent Bond that would be prohibited by subsection l(a)(iii) of Executive Order (E.O.) 13835 of May 21, 2018, as amended by E.O. 13857 of January 25, 2019, and incorporated into the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), are authorized. (b) This general license does not authorize any transactions or activities otherwise prohibited by the VSR, or any other part of 31 CFR chapter V. (c) Effective November 7, 2024, General License No. 5P, dated August 12, 2024, is replaced and superseded in its entirety by this General License No. 5Q. Lisa M. Palluconi, Acting Director, Office of Foreign Assets Control. Dated: November 7, 2024. OFFICE OF FOREIGN ASSETS CONTROL Venezuela Sanctions Regulations 31 CFR Part 591 GENERAL LICENSE NO. 8O Authorizing Transactions Involving Petro´leos de Venezuela, S.A. (PdVSA) Necessary for the Limited Maintenance of Essential Operations in Venezuela or the Wind Down of Operations in Venezuela for Certain Entities (a) Except as provided in paragraphs (c) and (d) of this general license, all transactions and activities prohibited by Executive Order (E.O.) 13850 of November 1, 2018, as amended by E.O. 13857 of January 25, 2019, or E.O. 13884 of August 5, 2019, each as incorporated into the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), that are ordinarily incident and necessary to the limited maintenance of essential operations, contracts, or other agreements, that: (i) are for safety or the preservation of assets in Venezuela; (ii) involve PdVSA or any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest; and (iii) were in effect prior to July 26, 2019, are authorized through 12:01 a.m. eastern daylight time, May 9, 2025, for the following entities and their subsidiaries (collectively, the ‘‘Covered Entities’’): • Halliburton • Schlumberger Limited • Baker Hughes Holdings LLC • Weatherford International, Public Limited Company Note to paragraph (a). Transactions and activities necessary for safety or the preservation of assets in Venezuela that are authorized by paragraph (a) of this general VerDate Sep<11>2014 16:31 Dec 18, 2024 Jkt 265001 PO 00000 Frm 00025 Fmt 4700 Sfmt 4700 E:\FR\FM\19DER1.SGM 19DER1 lotter on DSK11XQN23PROD with RULES1

103652 Federal Register / Vol. 89, No. 244 / Thursday, December 19, 2024 / Rules and Regulations license include: transactions and activities necessary to ensure the safety of personnel, or the integrity of operations and assets in Venezuela; participation in shareholder and board of directors meetings; making payments on third-party invoices for transactions and activities authorized by paragraph (a) of this general license, or incurred prior to April 21, 2020, provided such activity was authorized at the time it occurred; payment of local taxes and purchase of utility services in Venezuela; and payment of salaries for employees and contractors in Venezuela. (b) Except as provided in paragraph (d) of this general license, all transactions and activities prohibited by E.O. 13850, as amended, or E.O. 13884, each as incorporated into the VSR, that are ordinarily incident and necessary to the wind down of operations, contracts, or other agreements in Venezuela involving PdVSA or any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest, and that were in effect prior to July 26, 2019, are authorized through 12:01 a.m. eastern daylight time, May 9, 2025, for the Covered Entities. (c) Paragraph (a) of this general license does not authorize: (1) The drilling, lifting, or processing of, purchase or sale of, or transport or shipping of any Venezuelan-origin petroleum or petroleum products; (2) The provision or receipt of insurance or reinsurance with respect to the transactions and activities described in paragraph (c)(1) of this general license; (3) The design, construction, installation, repair, or improvement of any wells or other facilities or infrastructure in Venezuela or the purchasing or provision of any goods or services, except as required for safety; (4) Contracting for additional personnel or services, except as required for safety; or (5) The payment of any dividend, including in kind, to PdVSA, or any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest. (d) This general license does not authorize: (1) Any transactions or dealings related to the exportation or reexportation of diluents, directly or indirectly, to Venezuela; (2) Any loans to, accrual of additional debt by, or subsidization of PdVSA, or any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest, including in kind, prohibited by E.O. 13808 of August 24, 2017, as amended by E.O. 13857, and incorporated into the VSR; or (3) Any transactions or activities otherwise prohibited by the VSR, or any other part of 31 CFR chapter V, or any transactions or activities with any blocked person other than the blocked persons identified in paragraphs (a) and (b) of this general license. (e) Effective November 7, 2024, General License No. 8N, dated May 10, 2024, is replaced and superseded in its entirety by this General License No. 8O. Lisa M. Palluconi, Acting Director, Office of Foreign Assets Control. Dated: November 7, 2024. Lisa M. Palluconi, Acting Director, Office of Foreign Assets Control. [FR Doc. 2024–29991 Filed 12–18–24; 8:45 am] BILLING CODE 4810–AL–P ENVIRONMENTAL PROTECTION AGENCY 40 CFR Parts 50 and 58 [EPA–HQ–OAR–2015–0072; FRL–8635.1– 02–OAR] RIN 2060–AW48 Reconsideration of the National Ambient Air Quality Standards for Particulate Matter; Correction AGENCY: Environmental Protection Agency (EPA). ACTION: Final rule; correction and correcting amendment. SUMMARY: The Environmental Protection Agency (EPA) is correcting a final rule published in the Federal Register on March 6, 2024, that became effective on May 6, 2024. The final rule revised the primary annual PM2.5 standard by lowering the level from 12.0 mg/m3 to 9.0 mg/m3, retained the current primary 24-hour PM2.5 standard and the primary 24-hour PM10 standard, retained the secondary 24-hour PM2.5 standard, secondary annual PM2.5 standard, and secondary 24-hour PM10 standard, and finalized revisions to the Air Quality Index (AQI) and monitoring requirements for the national ambient air quality standards for particulate matter (PM NAAQS). After publication, the EPA became aware of an error in the preamble text regarding the due date for infrastructure State implementation plan (infrastructure SIP) submissions for the 2024 p.m. NAAQS. With this action, the EPA is clarifying the due date for infrastructure SIP submissions for the 2024 p.m. NAAQS. The EPA is also correcting inadvertent errors in the PM2.5 monitoring regulatory text. These corrections do not include any substantive changes to the final rule. DATES: This correction is effective on December 19, 2024. ADDRESSES: The EPA has established a docket for the final rule under Docket ID No. EPA–HQ–OAR–2015–0072. All documents in the docket are listed on the www.regulations.gov website. Although listed in the index, some information is not publicly available, e.g., confidential business information or other information whose disclosure is restricted by statute. Certain other material, such as copyrighted material, is not placed on the internet and will be publicly available only in hard copy. Publicly available docket materials are available electronically through www.regulations.gov. FOR FURTHER INFORMATION CONTACT: Mr. Tim Hanley, Air Quality Assessment Division, Office of Air Quality Planning and Standards, U.S. Environmental Protection Agency, Mail Code C304–06, Research Triangle Park, NC 27711; telephone: (919) 541–4417; email: hanley.tim@epa.gov. SUPPLEMENTARY INFORMATION: I. General Information A. What is the authority for this action? The EPA is correcting the deadline for infrastructure SIP submissions under its authority provided in section 110(a)(1) of the Clean Air Act (CAA) (42 U.S.C. 7410), which directs the States to submit their implementation plans within 3 years after promulgation of a primary or secondary NAAQS. The EPA is also acting under the authority provided by CAA sections 103, 105, 110, 114, 301, 311, 314, and 319, which direct the EPA to develop and implement measures to conduct ambient air quality surveillance. Under this authority, this action implements minor, non-substantive typographical and technical corrections to conform the 40 CFR part 58 regulatory text to the rule’s preamble and remedies regulatory text formatting errors. B. What corrective action is the Agency taking? Correction to Preamble of March 6 Final Rule In the proposed rule published on January 27, 2023 (88 FR 5558), the preamble states that ‘‘Under CAA sections 110(a)(1), all states are required to make these infrastructure SIP submissions within 3 years after promulgation of a new or revised primary standard.’’ However, in the final rule published on March 6, 2024 (89 FR 16202), the preamble incorrectly and inadvertently states that ‘‘Under CAA section 110(a)(1), all States are required to make these infrastructure SIP submissions within three years after the effective date of a new or revised primary standard. While the CAA authorizes the EPA to set a shorter time for States to make these SIP submissions, the EPA is requiring submission of infrastructure SIPs within three years of the effective date of this revised primary annual PM2.5 NAAQS.’’ Pursuant to CAA section 110(a)(1), infrastructure SIP submissions are not VerDate Sep<11>2014 16:31 Dec 18, 2024 Jkt 265001 PO 00000 Frm 00026 Fmt 4700 Sfmt 4700 E:\FR\FM\19DER1.SGM 19DER1 lotter on DSK11XQN23PROD with RULES1