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15 U.S.C. § 77kkRepresentations by Corporation as acting for Department of State or United States forbidden; interference with foreign negotiations forbidden

submitted 93 years ago by ch. 38 to r/title-15-COMMERCE-AND-TRADE · 209 words · no verdicts yet

in plain englishAI-generated · not legal advice

A special Corporation for foreign bondholders can't claim to speak for the State Department or the U.S. government. It can't tell foreign governments it represents them. It also can't interfere with U.S. diplomatic negotiations.

This section applies to the Corporation created elsewhere in this subchapter, any committee of it, and anyone acting for it, representing it, or claiming to represent it. Despite anything else in this subchapter, and with nothing in this subchapter read as permitting or authorizing it, none of them may: (a) claim, assert, or pretend to be acting for or representing the Department of State or the United States government; (b) make any statement to a foreign government, or to officials of it or of any of its political subdivisions, saying the Corporation, any committee of it, or anyone connected with it was speaking or acting for the Department of State or the United States government; or (c) do anything, directly or indirectly, that would interfere with, obstruct, or hinder — or that might be calculated to obstruct, hinder, or interfere with — the policy or policies of the Department of State or the United States government, or any pending or planned diplomatic negotiations, arrangements, business, or exchanges between the United States government (or the State Department) and any foreign government or its political subdivisions.
the actual law source: uscode.house.gov ↗public domain

Notwithstanding the foregoing provisions of this subchapter, it shall be unlawful for, and nothing in this subchapter shall be taken or construed as permitting or authorizing, the Corporation in this subchapter created, or any committee of said Corporation, or any person or persons acting for or representing or purporting to represent it—

(a)

to claim or assert or pretend to be acting for or to represent the Department of State or the United States Government;

(b)

to make any statements or representations of any kind to any foreign government or its officials or the officials of any political subdivision of any foreign government that said Corporation or any committee thereof or any individual or individuals connected therewith were speaking or acting for the said Department of State or the United States Government; or

(c)

to do any act directly or indirectly which would interfere with or obstruct or hinder or which might be calculated to obstruct, hinder, or interfere with the policy or policies of the said Department of State or the Government of the United States or any pending or contemplated diplomatic negotiations, arrangements, business or exchanges between the Government of the United States or said Department of State and any foreign government or any political subdivision thereof.

Source credit: (May 27, 1933, ch. 38, title II, § 210, 48 Stat. 95.)

history & why it existsrecord from the source credit
  • 1933Enacted · Act of May 27, 1933, ch. 38 · 48 Stat. 95

A history note hasn’t been published yet. The record shows enactment by ch. 38 on 1933-05-27.

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