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A setoff against blocked property (including a blocked account), whether by a U.S. bank or other U.S. person, is a prohibited transfer under §§ 594.201 and 594.204 if effected after the effective date.
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
§ 287c - Economic and communication sanctions pursuant to United Nations Security Council Resolution
§ 2461 note - Mode of recovery
§ 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
121 Stat. 1011
Executive Order ... 13224
Executive Order ... 13268
Executive Order ... 13284
Executive Order ... 13372
Title 31 published on 13-Sep-2017 03:59
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 31 CFR Part 594 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 Office of Foreign Assets Control (“OFAC”) of the U.S. Department of the Treasury is amending the Global Terrorism Sanctions Regulations and the Terrorism Sanctions Regulations (the “TSR”) to clarify the scope of prohibitions on the making of donations contained in the underlying Executive orders and that a person whose property and interests in property are blocked pursuant to those programs has an interest in all property and interests in property of an entity in which it owns, directly or indirectly, a 50 percent or greater interest. In addition, OFAC is amending the TSR to add a definition of the term “financial, material, or technological support” and to set at 180 days the maximum term of maturity for instruments in which funds may be invested or held within a blocked interest-bearing account. Finally, OFAC is correcting a clerical error within the Foreign Terrorist Organizations Sanctions Regulations.