---
kind: "section"
citation: "31 C.F.R. § 528.205"
title: "31"
number: "528.205"
heading: "Exempt transactions."
url: "https://uscodex.org/cfr/31/528.205"
---

# §528.205. Exempt transactions.

- (a) **International Emergency Economic Powers Act.** The prohibitions contained in this part do not apply to any transactions that are exempt pursuant to section 203(b) of the International Emergency Economic Powers Act ([50 U.S.C. 1702(b)](/usc/50/1702.md?p=b)).
- (b) **Official business.** The prohibitions contained in [§ 528.201(a)](/cfr/31/528.201.md?p=a) do not apply to transactions for the conduct of the official business of the United States government by employees, grantees, or contractors thereof.

## Notes

### Authority

Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 1701-1706; 28 U.S.C. 2461 note (Pub. L. 101-410, 104 Stat. 890, as amended); E.O. 14203, 90 FR 9369.

### Source

Source: 90 FR 28013, July 1, 2025, unless otherwise noted.