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The term OFAC means the Department of the Treasury's Office of Foreign Assets Control.
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.
This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].
It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.
§ 301 - General authorization to delegate functions; publication of delegations
§ 321 - General authority of the Secretary
§ 1601 - Termination of existing declared emergencies
§ 1621 - Declaration of national emergency by President; publication in Federal Register; effect on other laws; superseding legislation
§ 1622 - National emergencies
§ 1631 - Declaration of national emergency by Executive order; authority; publication in Federal Register; transmittal to Congress
§ 1641 - Accountability and reporting requirements of President
§ 1651 - Other laws, powers and authorities conferred thereby, and actions taken thereunder; Congressional studies
§ 1701 - Unusual and extraordinary threat; declaration of national emergency; exercise of Presidential authorities
§ 1702 - Presidential authorities
§ 1703 - Consultation and reports
§ 1704 - Authority to issue regulations
§ 1705 - Penalties
§ 1706 - Savings provisions
120 Stat. 192
Executive Order ... 13338
Title 31 published on 08-Apr-2017 03:32
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 31 CFR Part 542 after this date.
The Department of the Treasury (“Department” or “Treasury”) publishes this final rule to adjust its civil monetary penalties (“CMPs”) for inflation as mandated by the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (collectively referred to herein as “the Act”). This rule adjusts CMPs within the jurisdiction of certain components of the Department to the maximum amount required by the Act.
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing this interim final rule to amend its regulations for the relevant sanctions programs it administers to implement the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 and the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. In particular, this rule adjusts for inflation the maximum amount of the civil monetary penalties that may be assessed under relevant OFAC regulations, including by making conforming changes to OFAC's “Economic Sanctions Enforcement Guidelines.”
The Department of the Treasury's Office of Foreign Assets Control is amending the Syrian Sanctions Regulations to authorize by general license certain activities relating to publishing, not already exempt from regulation, that support the publishing and marketing of manuscripts, books, journals, and newspapers in paper and electronic format.
The Department of the Treasury's Office of Foreign Assets Control (“OFAC”) is amending the Syrian Sanctions Regulations (the “Regulations”) and reissuing them in their entirety, in order to implement Executive Order 13399 of April 25, 2006, “Blocking Property of Additional Persons in Connection With the National Emergency With Respect to Syria,” Executive Order 13460 of February 13, 2008, “Blocking Property of Additional Persons in Connection With the National Emergency With Respect to Syria,” Executive Order 13572 of April 29, 2011, “Blocking Property of Certain Persons with Respect to Human Rights Abuses in Syria,” Executive Order 13573 of May 18, 2011, “Blocking Property of Senior Officials of the Government of Syria,” Executive Order 13582 of August 17, 2011, “Blocking Property of the Government of Syria and Prohibiting Certain Transactions with Respect to Syria,” and Executive Order 13606 of April 22, 2012, “Blocking the Property and Suspending Entry Into the United States of Certain Persons with Respect to Grave Human Rights Abuses by the Governments of Iran and Syria via Information Technology.” OFAC is also incorporating into the Regulations several new general licenses, some of which have, until now, appeared only on OFAC's Web site on the Syria sanctions page. Finally, OFAC is updating certain provisions of the Regulations and making other technical and conforming changes.