The terms “correspondent account” and “payable-through account” have the meanings given those terms in section
5318A of title
(5) Foreign financial institution
The term “foreign financial institution” has the meaning of that term as determined by the Secretary of the Treasury pursuant to section
8513(i) of this title.
The term “good” has the meaning given that term in section
2415 of title
50, Appendix (as continued in effect pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.)).
(7) Iranian financial institution
The term “Iranian financial institution” has the meaning given that term in section
8513b(d) of this title.
(8) Iranian person
The term “Iranian person” means—
(A)an individual who is a citizen or national of Iran; and
(B)an entity organized under the laws of Iran or otherwise subject to the jurisdiction of the Government of Iran.
The term “knowingly”, with respect to conduct, a circumstance, or a result, means that a person has actual knowledge, or should have known, of the conduct, the circumstance, or the result.
(10) Medical device
The term “medical device” has the meaning given the term “device” in section
321 of title
The term “medicine” has the meaning given the term “drug” in section
321 of title
The term “shipping” refers to the transportation of goods by a vessel and related activities.
(13) United States person
The term “United States person” has the meaning given that term in section
8511 of this title.
The term “vessel” has the meaning given that term in section
3 of title
(b) Determinations of significance
For purposes of this chapter, in determining if financial transactions or financial services are significant, the President may consider the totality of the facts and circumstances, including factors similar to the factors set forth in section
561.404 of title 31, Code of Federal Regulations (or any corresponding similar regulation or ruling).
This chapter, referred to in text, was in the original “this subtitle”, meaning subtitle D (§§ 1241–1255) of title XII of div. A of Pub. L. 112–239, Jan. 2, 2013, 126 Stat. 2004, known as the Iran Freedom and Counter-Proliferation Act of 2012, which is classified principally to this chapter. For complete classification of subtitle D to the Code, see Short Title note set out below and Tables.
The International Emergency Economic Powers Act, referred to in subsec. (a)(6), is title II of Pub. L. 95–223, Dec. 28, 1977, 91 Stat. 1626, which is classified generally to chapter 35 (§ 1701 et seq.) of Title 50, War and National Defense. For complete classification of this Act to the Code, see Short Title note set out under section
1701 of Title
50 and Tables.
Pub. L. 112–239, div. A, title XII, § 1241,Jan. 2, 2013, 126 Stat. 2004, provided that: “This subtitle [subtitle D (§§ 1241–1255) of title XII of div. A of Pub. L. 112–239, enacting this chapter and section
8514c of this title, amending sections
8551 of this title and section
2335 of Title
18, Crimes and Criminal Procedure, and enacting provisions set out as notes under sections
2335 of Title
18] may be cited as the ‘Iran Freedom and Counter-Proliferation Act of 2012’.”
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.