Sec. 503. Prohibition on support in sanctioned countries and with sanctioned persons
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The Corporation is prohibited from providing support under title II in a country the government of which the Secretary of State has determined has repeatedly provided support for acts of international terrorism for purposes of— section 6(j)(1)(A) of the Export Administration Act of 1979 ( 50 U.S.C. 4605(j)(1)(A) ) (as continued in effect pursuant to the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.)); section 620A(a) of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2371(a) ); section 40(d) of the Arms Export Control Act ( 22 U.S.C. 2780(d) ); or any other provision of law.
The Corporation is prohibited from supporting a project under title II that directly benefits any entity subject to sanctions imposed by the United States. The Corporation shall require any entity or party receiving support under title II to certify it, any entity owned or controlled by the entity or party, or any entity or party which owns or otherwise manages the entity or party receiving support, does not conduct any activities subject to sanctions imposed by the United States.
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- 50 USC 4605(j)(1)(A)
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Sec. 503
Prohibition on support in sanctioned countries and with sanctioned persons
Cite50 USC 4605(j)(1)(A)
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