Sanctions-related Statute - Iran Sanctions Act of 1996, as Amended, 50 U.S.C. § 1701 note, SEC 6. Description of Sanctions

Ed. Note: if you’re new to TURBOFAC, please take note that the text string filtration function generally shouldn’t be used for terms such as “ordinarily resident,” “causing” or “new debt”. For research on the meaning of words and phrases such as those, i.e. terms central to the key legal issues in sanctions law that appear on a cross-programmatic basis, you’re typically better off locating and checking the appropriate box in the “Key Legal Issues” search category, which will limit the results to those that have been manually assessed as being relevant for the interpretation of the terms at issue.

Try typing your search term (“ordinarily resident,” “new debt,” or something else) in the “Find a Search Filter” box at the top of the page, and the corresponding “Key Legal Issues” check box will pop up instantly, if one exists. Once you check the box (e.g. “new debt,” with ~55 results), you can always use the text string filtration function to further refine your search (e.g. by typing “invoice” and narrowing the ~55 results to ~10).

Note in addition that the same applies to text string searches such as “14071” (if you’re looking for items related to EO 14071). By typing “14071” in the “Find a Search Filter” field up top, you will be able to instantly narrow the results down to items manually assessed as relating to EO 14071. Ditto terms such as “515.204” or “Iran General License G” (try the “Discrete Legal Provision” search category). Please contact [email protected] or [email protected] with any questions on search results and efficiency.

Please click "Apply Text String Filters" again after clicking the "Close" button immediately below.

TURBOFAC Commentary (483 words)

Consolidated Notes on the Iran Sanctions Act of 1996 (as amended)

1) The Iran Sanctions Act of 1996 (ISA) is one of the six "self-containing," OFAC-administered pieces of Iran-related secondary sanctions legislation. [1] It was substantially amended in 2010 by CISADA, and in 2012 by the . Several of the sanctions in section 5(a) of the overlap substantially with others, most of which were imposed subsequent to the ISA versions. Section 5(a)(3) of the ISA, for example, contains a debt sanction that is made effectively redundant by a sanction similar, but broader in scope, at Sec. 213 of the TRA. In addition, IFCA Sec. 1244(d)(2) (for FFIs) and Sec. 1244(d)(1)(A) (for everybody else) call for mandatory ISA...

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Iran Sanctions Act of 1996, as Amended, 50 U.S.C. § 1701 note, SEC 6. Description of Sanctions

TURBOFAC Commentary (483 words)