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Executive Order 14373
Published by The White House on January 9, 2026.
The order creating the account
The cited passage, with surrounding source text
… <p>(a) Ownership. The Foreign Government Deposit Funds constitute property of the Government of Venezuela and do not constitute the property of any private party, including judgment creditors of Venezuela or its agencies or instrumentalities, or commercial actors that transacted or are transacting business with Venezuela or its agencies or instrumentalities.</p> <p>(b) Custodial Nature of United States Possession. The United States Government will hold the Foreign Government Deposit Funds solely in a custodial and governmental capacity, and not as a market participant.</p> <p>(c) Absence of Commercial Use in the United States. The Foreign Government Deposit Funds:</p> <p>(i) have not been, and shall not be, used for any commercial activity in the United States; and</p> <p>(ii) shall be held pending sovereign disposition for public, governmental, or diplomatic purposes determined by the Secretary of State, on behalf of the Government of Venezuela.</p> …
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- The U.S. took in $12 billion for Venezuela's oil. Nearly all of it went back to Venezuela. · cited for Whose money it is
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Timeline entries this record anchors: Order makes the account's money Venezuela's.