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Code · U.S. Code · Title 22 - FOREIGN RELATIONS AND INTERCOURSE · CHAPTER 102— COUNTERING RUSSIAN INFLUENCE IN EUROPE AND EURASIA · SUBCHAPTER I— SANCTIONS AND OTHER MEASURES WITH RESPECT TO THE RUSSIAN FEDERATION · § 9529

§ 9529. Sanctions described

1,098 words·~5 min read·/usc/title-22/section-9529

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Sanctions described The sanctions to be imposed with respect to a person under section 9524(a)(2), 9525(b), 9526(a), or 9527(a) of this title are the following:
(1)Export-Import Bank assistance for exports to sanctioned persons The President may direct the Export-Import Bank of the United States not to give approval to the issuance of any guarantee, insurance, extension of credit, or participation in the extension of credit in connection with the export of any goods or services to the sanctioned person.
(2)Export sanction The President may order the United States Government not to issue any specific license and not to grant any other specific permission or authority to export any goods or technology to the sanctioned person under—
(A)the Export Administration Act of 1979 (50 U.S.C. 4601 et seq.) (as continued in effect pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.));
(B)the Arms Export Control Act (22 U.S.C. 2751 et seq.);
(C)the Atomic Energy Act of 1954 (42 U.S.C. 2011 et seq.); or
(D)any other statute that requires the prior review and approval of the United States Government as a condition for the export or reexport of goods or services.
(3)Loans from United States financial institutions The President may prohibit any United States financial institution from making loans or providing credits to the sanctioned person totaling more than $10,000,000 in any 12-month period unless the person is engaged in activities to relieve human suffering and the loans or credits are provided for such activities.
(4)Loans from international financial institutions The President may direct the United States executive director to each international financial institution to use the voice and vote of the United States to oppose any loan from the international financial institution that would benefit the sanctioned person.
(5)Prohibitions on financial institutions The following prohibitions may be imposed against the sanctioned person if that person is a financial institution:
(A)Prohibition on designation as primary dealer Neither the Board of Governors of the Federal Reserve System nor the Federal Reserve Bank of New York may designate, or permit the continuation of any prior designation of, the financial institution as a primary dealer in United States Government debt instruments.
(B)Prohibition on service as a repository of Government funds The financial institution may not serve as agent of the United States Government or serve as repository for United States Government funds.
The imposition of either sanction under subparagraph
(A)or
(B)shall be treated as one sanction for purposes of subsection (b), and the imposition of both such sanctions shall be treated as two sanctions for purposes of subsection (b).
(6)Procurement sanction The United States Government may not procure, or enter into any contract for the procurement of, any goods or services from the sanctioned person.
(7)Foreign exchange The President may, pursuant to such regulations as the President may prescribe, prohibit any transactions in foreign exchange that are subject to the jurisdiction of the United States and in which the sanctioned person has any interest.
(8)Banking transactions The President may, pursuant to such regulations as the President may prescribe, prohibit any transfers of credit or payments between financial institutions or by, through, or to any financial institution, to the extent that such transfers or payments are subject to the jurisdiction of the United States and involve any interest of the sanctioned person.
(9)Property transactions The President may, pursuant to such regulations as the President may prescribe, prohibit any person from—
(A)acquiring, holding, withholding, using, transferring, withdrawing, transporting, importing, or exporting any property that is subject to the jurisdiction of the United States and with respect to which the sanctioned person has any interest;
(B)dealing in or exercising any right, power, or privilege with respect to such property; or
(C)conducting any transaction involving such property.
(10)Ban on investment in equity or debt of sanctioned person The President may, pursuant to such regulations or guidelines as the President may prescribe, prohibit any United States person from investing in or purchasing significant amounts of equity or debt instruments of the sanctioned person.
(11)Exclusion of corporate officers The President may direct the Secretary of State to deny a visa to, and the Secretary of Homeland Security to exclude from the United States, any alien that the President determines is a corporate officer or principal of, or a shareholder with a controlling interest in, the sanctioned person.
(12)Sanctions on principal executive officers The President may impose on the principal executive officer or officers of the sanctioned person, or on persons performing similar functions and with similar authorities as such officer or officers, any of the sanctions under this subsection.
(b)Sanctioned person defined In this section, the term “sanctioned person” means a person subject to sanctions under section 9524(a)(2), 9525(b), 9526(a), or 9527(a) of this title.
(Pub. L. 115–44, title II, § 235, Aug. 2, 2017, 131 Stat. 919.)
Connections58 cite this · traces to 7
Cited by 58 sections · top 57
bill
11 references not yet in our index
  • 131 Stat. 919
  • Pub. L. 96–72
  • 93 Stat. 503
  • 132 Stat. 2232
  • Pub. L. 95–223
  • 91 Stat. 1626
  • Pub. L. 90–629
  • 82 Stat. 1320
  • act Aug. 1, 1946, ch. 724
  • act Aug. 30, 1954, ch. 1073, § 1
  • 68 Stat. 919
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§ 9529
Sanctions described
Bills×43
U.S.C.×6
Pub. L.×3
Stat. Comp.×3
Stat.×3
Stat.131 Stat. 919
Pub. L.Pub. L. 96–72
Stat.93 Stat. 503
Stat.132 Stat. 2232
Pub. L.Pub. L. 95–223
Cites 18 · showing 12Cited by 58 across 5 sources
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