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.
* Provision redesignated on 6-5-24 to accommodate additions to the definitions subpart of the SySR (what was 542.310 is now 542.314).
1) Refer to General Note on 'New Investment' Prohibitions in Embargo Programs (System Ed. Note), which addresses the relationship between this provision and the "new investment" prohibition of which the scope of this provision serves to define.
2) See § 538.414 Loans or extensions of credit (Sudan, 1998) [Notable Repealed/Superseded Regulatory Provision]. T38.414 interprets a standard IEEPA-based service export ban as not only including exports of financial services, which is common to all services export bans, but i) including the provisions of loans or extensions of credit and ii) including the automatic renewal of credits or loans already in existence. No currently active provision states this explicitly, but there is little reason to believe that OFAC has changed its view on the question.