Obama Signs Executive Order Giving Him Authority To Seize Your Assets
Context note: The executive order commonly referenced here is Executive Order 13660 (March 6, 2014), published in the Federal Register as “Blocking Property of Certain Persons Contributing to the Situation in Ukraine.”
Important clarification for readers: In U.S. sanctions terminology, “blocking” generally means freezing assets (not transferring, withdrawing, or otherwise dealing in them) when they are within the United States or within the possession or control of a U.S. person. :contentReference[oaicite:1]{index=1}
Reports are surfacing that on Monday the U.S. government took steps that will allow it to seize the U.S. based assets of anyone the government deems complicit in supporting the secession of Crimea.
The Ron Paul Institute reported that the latest executive order includes “Blocking Property of Certain Persons Contributing to the Situation in Ukraine” and that the provisions for seizing property “any United States person.” They went on to explain that the provision means “any United States citizen, permanent resident alien, entity organized under the laws of the United States or any jurisdiction within the United States (including foreign branches), or any person in the United States.
“Blocking Property of Certain Persons Contributing to the Situation in Ukraine” is the title used in the Federal Register publication for Executive Order 13660. :contentReference[oaicite:2]{index=2}
Educational Disclaimer
This content is provided for educational and informational purposes only and does not constitute legal advice. Sanctions and “blocked property” rules can be fact-specific and may change over time.
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