To terminate General License No. 8C of the Office of Foreign Assets Control of the Department of the Treasury and require the application of sanctions under Executive Order 14024 to the entities listed in General License No. 8C.

S. 4463 · 117th Congress · Jun 23, 2022 · Lineage

A BILL

Section 1 Termination of General License No. 8C of Office of Foreign Assets Control; application of sanctions to certain entities

Effective on the date of the enactment of this Act—

(1)

General License No. 8C of the Office of Foreign Assets Control of the Department of the Treasury shall have no force or effect; and

(2)

sanctions imposed under Executive Order 14024 (50 U.S.C. 1701 note; relating to blocking property with respect to specified harmful foreign activities of the Government of the Russian Federation) shall apply with respect to each entity specified in General License No. 8C.

To terminate General License No. 8C of the Office of Foreign Assets Control of the Department of the Treasury and require the application of sanctions under Executive Order 14024 to the entities listed in General License No. 8C.

Section 1 Termination of General License No. 8C of Office of Foreign Assets Control; application of sanctions to certain entities

Cite this provision

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