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31 CFR § 515.206 - Exempt transactions (1999, Cuba); FR Notice Implementing 1989 Version of the Berman Amendment in the CACR and FACR (54 FR 5229, Feb 2. 1989)

Date issued: May. 13 1999

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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control 31 CFR Parts 500 and 515

Foreign Assets Control Regulations and Cuban Assets Control Regulations

AGENCY: Office of Foreign Assets Control. Department of the Treasury.

ACTIONS: Final rule: amendments.

SUMMARY: This rule makes three sets of parallel amendments to the Foreign Assets Control Regulations, 31 CFR Part 500, and the Cuban Assets Control Regulations. 31 CFR Part 515 (hereinafter referred to jointly as the "Regulations"), together with conforming amendments. The first set of amendments terminates restrictions on the importation and exportation of publications and other tangible informational materials to bring the Regulations into conformity with section 2502(a) of the Omnibus Trade and Competitiveness Act, Pub.L. No. 100- 418,102 Stat.1107 (the "Trade Act").

The second set of amendments sets forth the Treasury Department's long-standing interpretation that the existing general licenses unblocking certain trust and estate assets...

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TURBOFAC Commentary (1183 words)

Notes:

1) The "background" section of the FR Notice that implements the first (narrower) version of the Berman Amendment is notable for its sweeping statement, otherwise difficult to find on record, that "[f]inancial and other transactions directly related to the physical importation and exportation of tangible informational materials are authorized. [As are] [t]ransactions relating to the dissemination of informational materials [...] such as copying. dubbing, and translating."

These "examples" of what constituted transactions with the scope of the Berman Amendment concerning informational materials were first inserted in the CACR and FACR shortly after the original 1989 version of the Berman Amendment was enacted, and remained in the CACR up through 2016, when the relevance of the examples was diminished by the addition of a general license for, among other things,...