-- Denial of duty-free treatment of goods exported to the United States;
-- Authority to prohibit any US citizen from engaging in a financial transaction with a terrorist-list government without a Treasury Department license; and
-- Prohibition of Defense Department contracts above $100,000 with companies controlled by terrorist-list states."
In other words, it halts virtually all normal diplomatic, political and business dealings with "terrorist-list states."
Corporate interests won't tolerate it at a time every business opportunity counts. Nor will Venezuela with strong regional support given the political, security and economic implications.
As long as Bolivarianism flourishes, expect new efforts to vilify, isolate, destabilize, and topple Chavez, no more likely to succeed than others, and here's why. According to the Venezuelan Institute of Data Analysis (IVAD), his latest approval rating tops 62% after nearly 11 years as president. Governing responsibly keeps him popular compared to Barack Obama's noticeable slippage from his post inaugural high.
According to the November 3 Rasmussen Reports daily Presidential Tracking Poll, only 28% of voters strongly approve of his performance, 41% strongly disapprove, 46% somewhat approve, 52% somewhat disapprove, and for Congress it's far worse - 15% say its doing a good or excellent job compared to 53% ranking it poor.
Given Washington's inattention to essential needs, watch for even greater erosion compared to Chavez remaining popular by a two-to-one margin - a profile befitting a democrat, not a state-sponsor of terrorism.
Stephen Lendman is a Research Associate of the Centre for Research on Globalization. He lives in Chicago and can be reached at firstname.lastname@example.org.
Also visit his blog site at sjlendman.blogspot.com and listen to The Global Research News Hour on RepublicBroadcasting.org Monday - Friday at 10AM US Central time for cutting-edge discussions with distinguished guests on world and national issues. All programs are archived for easy listening.