On March, 8 President Barack Obama signed an Executive Order blocking, or "freezing," the property and interests in property of "certain persons contributing to the situation in Venezuela" and suspending their entry into the United States. The Office of Foreign Assets Control has added these individuals to its list of Specially Designated Nationals (SDN List), and U.S. persons are prohibited from transacting with them or with entities in which the blocked parties own, directly or indirectly, at least a 50 percent interest. The Executive Order implements the Venezuela Defense of Human Rights and Civil Society Act of 2014, which King & Spalding's Trade & Manufacturing Alert reported on in February. The President has determined that the Government of Venezuela, and specifically certain individuals, are responsible for acts such as the "erosion of human rights guarantees" and "curtailment of press freedoms." Seven individuals have been targeted, all of whom were or are Venezuelan senior officials and leaders of entities that have engaged in human rights abuses as outlined in the EO. The current sanctions address only these seven people and do not, the Administration has clarified, target the Venezuelan people or economy.