21 USC 2313 - Description of sanctions

U.S Code last checked for updates: May 04, 2024

§ 2313.

Description of sanctions

(a)

In general

The sanctions that may be imposed with respect to a foreign person under section 2312 of this title are the following:

(1)

Loans from United States financial institutions

(2)

Prohibitions on financial institutions

The following prohibitions may be imposed with respect to a foreign person that is a financial institution:

(A)

Prohibition on designation as primary dealer

(B)

Prohibition on service as a repository of Government funds

The imposition of either sanction under subparagraph (A) or (B) shall be treated as one sanction for purposes of section 2312 of this title, and the imposition of both such sanctions shall be treated as 2 sanctions for purposes of that section.

(3)

Procurement ban

(4)

Foreign exchange

(5)

Banking transactions

(6)

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, or transporting any property that is subject to the jurisdiction of the United States and with respect to which the foreign 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.

(7)

Ban on investment in equity or debt of sanctioned person

(8)

Exclusion of corporate officers

(9)

Sanctions on principal executive officers

(b)

Penalties

(c)

Exceptions

(1)

Intelligence and law enforcement activities

Sanctions under this section shall not apply with respect to—

(A)

any activity subject to the reporting requirements under title V of the National Security Act of 1947 (50 U.S.C. 3091 et seq.); or

(B)

any authorized intelligence or law enforcement activities of the United States.

(2)

Exception to comply with United Nations headquarters agreement

(d)

Implementation

(Pub. L. 116–92, div. F, title LXXII, § 7213, Dec. 20, 2019, 133 Stat. 2266.)

cite as: 21 USC 2313