§8921 — Title 22 Foreign Relations and Intercourse | U.S. Code

Summary

Defines key words used in the chapter. The words "account", "correspondent account", and "payable-through account" mean what 31 U.S.C. 5318A says. "Appropriate congressional committees" means the Senate Committees on Foreign Relations and on Banking, Housing, and Urban Affairs, and the House Committees on Foreign Affairs and on Financial Services. "Defense article", "defense service", and "training" mean what section 2794 of this title says. "Financial institution" means the types listed in subparagraphs (A), (B), (C), (D), (E), (F), (G), (H), (I), (J), (M), or (Z) of 31 U.S.C. 5312(a)(2). "Foreign financial institution" means what 31 C.F.R. 561.308 (or a similar rule) says. "Foreign person" means anyone not a U.S. citizen, not a lawful permanent resident, and not organized under U.S. law. "Knowingly" means a person actually knows, or should have known. "Russian person" means a Russian citizen or national, or an entity organized under Russian law. "Special Russian crude oil project" means a project to extract crude oil from the Russian exclusive economic zone in waters more than 500 feet deep, from Russian Arctic offshore locations, or from shale formations in Russia.

Title 22, §8921

Foreign Relations and Intercourse — Source: USLM XML via OLRC

In this chapter:

(1)The terms “account”, “correspondent account”, and “payable-through account” have the meanings given those terms in section 5318A of title 31.

(2)The term “appropriate congressional committees” means—

(A)the Committee on Foreign Relations and the Committee on Banking, Housing, and Urban Affairs of the Senate; and

(B)the Committee on Foreign Affairs and the Committee on Financial Services of the House of Representatives.

(3)The terms “defense article”, “defense service”, and “training” have the meanings given those terms in section 2794 of this title.

(4)The term “financial institution” means a financial institution specified in subparagraph (A), (B), (C), (D), (E), (F), (G), (H), (I), (J), (M), or (Z) of section 5312(a)(2) of title 31.

(5)The term “foreign financial institution” has the meaning given that term in section 561.308 of title 31, Code of Federal Regulations (or any corresponding similar regulation or ruling).

(6)The term “foreign person” means any individual or entity that is not a United States citizen, a permanent resident alien, or an entity organized under the laws of the United States or any jurisdiction within the United States.

(7)The term “knowingly”, with respect to conduct, a circumstance, or a result, means that a person has actual knowledge, or should have known, of the conduct, the circumstance, or the result.

(8)The term “Russian person” means—

(A)an individual who is a citizen or national of the Russian Federation; or

(B)an entity organized under the laws of the Russian Federation.

(9)The term “special Russian crude oil project” means a project intended to extract crude oil from—

(A)the exclusive economic zone of the Russian Federation in waters more than 500 feet deep;

(B)Russian Arctic offshore locations; or

(C)shale formations located in the Russian Federation.

Notes & Related Subsidiaries

Editorial Notes

Amendments

2021—Par. (4). Pub. L. 116–283 substituted “(Z)” for “(Y)”.

Statutory Notes and Related Subsidiaries

Short Title

Pub. L. 113–272, § 1(a), Dec. 18, 2014, 128 Stat. 2952, provided that: “This Act [enacting this chapter] may be cited as the ‘Ukraine Freedom Support Act of 2014’.”

§8921 Definitions