22 U.S.C. § 8701 — Definitions
submitted 14 years ago by Pub. L. 112-158 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 127 words · no verdicts yet
This section defines four terms used throughout the Act. 'Appropriate congressional committees' and 'knowingly' borrow their meanings from the Iran Sanctions Act of 1996. 'Financial transaction' covers value transfers through financial institutions, including precious metals.
Except where the Act says otherwise, these definitions apply throughout: (1) "Appropriate congressional committees" has the meaning given in section 14 of the Iran Sanctions Act of 1996. (2) "Financial transaction" means any transfer of value involving a financial institution, including transfers of forwards, futures, options, swaps, or precious metals such as gold, silver, platinum, and palladium. (3) "Knowingly" has the meaning given in section 14 of the Iran Sanctions Act of 1996. (4) "United States person" has the meaning given in section 8511 of this title.
Except as otherwise specifically provided, in this Act:
The term “appropriate congressional committees” 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).
The term “financial transaction” means any transfer of value involving a financial institution, including the transfer of forwards, futures, options, swaps, or precious metals, including gold, silver, platinum, and palladium.
The term “knowingly” 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).
The term “United States person” has the meaning given that term in section 8511 of this title.
Source credit: (Pub. L. 112–158, § 2, Aug. 10, 2012, 126 Stat. 1216.)
- 2012Enacted · Pub. L. 112-158 · 126 Stat. 1216
A history note hasn’t been published yet. The record shows enactment by Pub. L. 112-158 on 2012-08-10.
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