22 U.S.C. § 8531 — Definitions

submitted 16 years ago by Pub. L. 111-195 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 266 words · no verdicts yet

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This section defines terms used throughout this subchapter on Iran sanctions. It defines 'energy sector of Iran,' 'financial institution,' 'person,' 'State,' and related terms.

In this subchapter: (1) 'Energy sector of Iran' means activities to develop Iran's petroleum, natural gas, or nuclear power resources. (2) 'Financial institution' has the meaning given in section 14 of the Iran Sanctions Act of 1996. (3) 'Iran' includes Iran's government and any of its agencies or instruments. (4) 'Person' means (A) an individual, corporation, company, business, partnership, society, trust, or other nongovernmental group, (B) any government entity, including a multilateral development institution as defined in section 262r(c)(3), and (C) any successor, part, parent, or subsidiary of, or anyone under common ownership or control with, an entity in (A) or (B). (5) 'State' means each of the states, D.C., Puerto Rico, the Northern Mariana Islands, American Samoa, Guam, the U.S. Virgin Islands, and any other U.S. territory or possession. (6) 'State or local government' includes (A) a state and its agencies, (B) a local government within a state and its agencies, (C) any other state or local government body, and (D) any public college or university as defined in the Higher Education Act of 1965.

the actual law source: uscode.house.gov ↗public domain

In this subchapter:

(1) Energy sector of Iran

The term “energy sector of Iran” refers to activities to develop petroleum or natural gas resources or nuclear power in Iran.

(2) Financial institution

The term “financial institution” has the meaning given that term in section 14 of the Iran Sanctions Act of 1996 (Public Law 104–172; 50 U.S.C. 1701 note).

(3) Iran

The term “Iran” includes the Government of Iran and any agency or instrumentality of Iran.

(4) Person

The term “person” means—

(A)

a natural person, corporation, company, business association, partnership, society, trust, or any other nongovernmental entity, organization, or group;

(B)

any governmental entity or instrumentality of a government, including a multilateral development institution (as defined in section 262r(c)(3) of this title); and

(C)

any successor, subunit, parent entity, or subsidiary of, or any entity under common ownership or control with, any entity described in subparagraph (A) or (B).

(5) State

The term “State” means each of the several States, the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, American Samoa, Guam, the United States Virgin Islands, and any other territory or possession of the United States.

(6) State or local government

The term “State or local government” includes—

(A)

any State and any agency or instrumentality thereof;

(B)

any local government within a State, and any agency or instrumentality thereof;

(C)

any other governmental instrumentality of a State or locality; and

(D)

any public institution of higher education within the meaning of the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.).

Source credit: (Pub. L. 111–195, title II, § 201, July 1, 2010, 124 Stat. 1341.)

history & why it existsrecord from the source credit

2010Enacted · Pub. L. 111-195 · 124 Stat. 1341

A history note hasn’t been published yet. The record shows enactment by Pub. L. 111-195 on 2010-07-01.

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