Regulations last checked for updates: Feb 11, 2026

Title 31 - Money and Finance: Treasury last revised: Jan 02, 2026
§ 801.214 - Unaffiliated pilot program U.S. business.

The term unaffiliated pilot program U.S. business means, with respect to a foreign person, a pilot program U.S. business in which that foreign person does not directly hold more than fifty percent of the outstanding voting interest or have the right to appoint more than half of the members of the board of directors or equivalent governing body.

authority: 50 U.S.C. 4565; Pub. L. 115-232
source: 83 FR 51327, Oct. 11, 2018, unless otherwise noted.
cite as: 31 CFR 801.214