This executive order addresses the policies and actions of the government of Cuba that continue to constitute a threat to the national security of the United States, as recited in Executive Order 14380. It blocks all property and interests in property that are in the United States or that come into the United States of the following (a) any foreign person determined by the secretary of state to operate or have operated in the energy, defense, metals and mining, financial services or security sectors of the Cuban economy; (b) any foreign person owned or controlled or directed by or acting on behalf of the government of Cuba; (c) foreign persons owning or controlling any person whose property or interest is blocked pursuant to the order; (d) any person who has materially assisted, sponsored or provided financial, material, technological support, or goods or services to the government of Cuba; (e) any person who has been a leader, official, senior executive or member of the Board of Directors of the government of Cuba; (f) a political subdivision agency or instrumentality of Cuba; (g) any person responsible for or complicit in serious human rights abuse in Cuba; (h) any person responsible for or complicit in corruption related to Cuba; and (i) any adult family member of any of the foregoing persons.
The order also provides that there should be no prior notice given of the determination to block property or interests before blocking; suspends entry into the United States, as immigrants or non-immigrants, any person whose property is subject to being blocked by the order; provides for sanctions against foreign financial institutions that are determined to have conducted or facilitated any significant transaction for or on behalf of any person whose property or interests in property are blocked pursuant to the order and allows the secretary of the treasury to prevent those institutions from opening accounts in the United States and to block all property and interests of those institutions that are in the United States.