Sec. 1221.
89 words·~1 min read·
/bill/114/hr/5485/pcs/section-1221·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
None of the funds made available to the Department of Treasury by this Act may be used to issue a license pursuant to any Office of Foreign Assets Control
(OFAC)memo regarding Section 5.1.1 of Annex II to the Joint Comprehensive Plan of Action of July 14, 2015 (JCPOA), including the January 16, 2016, OFAC memo titled, Statement of Licensing Policy For Activities Related to the Export Or Re-Export to Iran of Commercial Passenger Aircraft and Related Parts and Services and any other OFAC memo of the same substance.