§7207 — Title 22 Foreign Relations and Intercourse | U.S. Code

Summary

No U.S. government help or financing can be used for exports to Cuba, or for commercial exports to Iran, Libya, North Korea, or Sudan. That covers foreign aid, export help, and U.S. loans or guarantees. It does not change other Cuba rules that were in effect on October 28, 2000. The President can waive the ban for Iran, Libya, North Korea, or Sudan if the President decides it is needed for U.S. national security or for humanitarian reasons. U.S. persons cannot offer payment terms or finance sales of agricultural goods to Cuba except by cash paid up front or by financing from non-U.S. banks (a U.S. bank may only confirm or advise). Breaking this rule can bring penalties under the Trading With the Enemy Act. The President must issue rules to enforce this or keep rules that were in place on October 28, 2000. Definitions: financing — loans or credit; United States depository institution — bank-like entities under U.S. law or U.S. branches of foreign banks; United States person — the federal, state, or local government or any U.S. person or company.

Title 22, §7207

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)(1)Notwithstanding any other provision of law, no United States Government assistance, including United States foreign assistance, United States export assistance, and any United States credit or guarantees shall be available for exports to Cuba or for commercial exports to Iran, Libya, North Korea, or Sudan.

(2)Nothing in paragraph (1) shall be construed to alter, modify, or otherwise affect the provisions of section 6039 of this title or any other provision of law relating to Cuba in effect on the day before October 28, 2000.

(3)The President may waive the application of paragraph (1) with respect to Iran, Libya, North Korea, and Sudan to the degree the President determines that it is in the national security interest of the United States to do so, or for humanitarian reasons.

(b)(1)No United States person may provide payment or financing terms for sales of agricultural commodities or products to Cuba or any person in Cuba, except in accordance with the following terms (notwithstanding part 515 of title 31, Code of Federal Regulations, or any other provision of law):

(A)Payment of cash in advance.

(B)Financing by third country financial institutions (excluding United States persons or Government of Cuba entities), except that such financing may be confirmed or advised by a United States financial institution.

(2)Any private person or entity that violates paragraph (1) shall be subject to the penalties provided in the Trading With the Enemy Act [50 U.S.C. 4301 et seq.] for violations under that Act.

(3)The President shall issue such regulations as are necessary to carry out this section, except that the President, in lieu of issuing new regulations, may apply any regulations in effect on October 28, 2000, pursuant to the Trading With the Enemy Act [50 U.S.C. 4301 et seq.], with respect to the conduct prohibited in paragraph (1).

(4)In this subsection—

(A)the term “financing” includes any loan or extension of credit;

(B)the term “United States depository institution” means any entity (including its foreign branches or subsidiaries) organized under the laws of any jurisdiction within the United States, or any agency, office or branch located in the United States of a foreign entity, that is engaged primarily in the business of banking (including a bank, savings bank, savings association, credit union, trust company, or United States bank holding company); and

(C)the term “United States person” means the Federal Government, any State or local government, or any private person or entity of the United States.

Notes & Related Subsidiaries

Editorial Notes

References in Text

The Trading With the Enemy Act, referred to in subsec. (b)(2), (3), is act Oct. 6, 1917, ch. 106, 40 Stat. 411, which is classified to chapter 53 (§ 4301 et seq.) of Title 50, War and National Defense. For complete classification of this Act to the Code, see Tables.

Executive Documents

Determination and Waiver of Application of section 908(a)(1) of the Trade Sanctions Reform and Export Enhancement Act of 2000 With Respect to Libya Determination of President of the United States, No. 2004–49, Sept. 20, 2004, 69 F.R. 58035, provided: Memorandum for the Secretary of State[,] the Secretary of Agriculture[, and] the Secretary of Commerce By virtue of the authority vested in me by the Constitution and laws of the United States, including section 908(a)(3) of the Trade Sanctions Reform and Export Enhancement Act of 2000, title IX, Public Law 106–387 [22 U.S.C. 7207(a)(3)] (TSRA), I hereby determine that waiver of the application of section 908(a)(1) of TSRA with respect to Libya is in the national security interest of the United States and hereby waive the application of that section with respect to Libya. The Secretary of State is hereby authorized and directed to report this determination and waiver to the Congress and to arrange for its publication in the Federal Register. George W. Bush. Presidential Determination on Sudan Determination of President of the United States, No. 2011–05, Nov. 19, 2010, 75 F.R 75865, provided: Memorandum for the Secretary of State [and the] President of the Export-Import Bank of the United States By the authority vested in me as President by the Constitution and the laws of the United States of America, including section 908(a)(3) of the Trade Sanctions Reform and Export Enhancement Act of 2000, title IX, Public Law 106–387, as amended, 22 U.S.C. 7207(a)(3) (TSRA), I hereby determine it is in the national security interest of the United States to waive the application of section 908(a)(1) of TSRA to allow export assistance to be made available for the export of computers and related equipment that enables the United Nations to facilitate the referendum in Southern Sudan pursuant to the Comprehensive Peace Agreement. The Secretary of State is hereby authorized and directed to publish this determination in the Federal Register. Barack Obama.

§7207 Prohibition on United States assistance and financing