|Thursday, 21 April 2011 17:43|
In today's Federal Register, the Office of Foreign Assets Control ("OFAC") of the U.S. Department of the Treasury published a notice soliciting comments on the effectiveness of OFAC's licensing procedures for the exportation of agricultural commodities, medicine, and medical devices to Sudan and Iran. Pursuant to section 906(c) of the Trade Sanctions Reform and Export Enhancement Act of 2000 (Title IX of Pub. L. 106-387, 22 U.S.C. 7201 et seq.) (the "Act"), OFAC is required to submit a biennial report to the Congress on the operation of licensing procedures for such exports. Read the Federal Notice here.