21-U.S.C.-1905
§1905 – Authorities
Pathway
Title 21 > Chapter 24 > Section 1905
Details
- Reference: Section 1905
- Legend: §1905 – Authorities
- USCode Year: 2013
Provision Content
(a) In general
To carry out the purposes of this chapter, the Secretary of the Treasury may, under such regulations as he may prescribe, by means of instructions, licenses, or otherwise—
(1) investigate, regulate, or prohibit—
(A) any transactions in foreign exchange, currency, or securities; and
(B) transfers of credit or payments between, by, through, or to any banking institution, to the extent that such transfers or payments involve any interests of any foreign country or a national thereof; and
(2) investigate, block during the pendency of an investigation, regulate, direct and compel, nullify, void, prevent, or prohibit any acquisition, holding, withholding, use, transfer, withdrawal, transportation, placement into foreign or domestic commerce of, or dealing in, or exercising any right, power, or privilege with respect to, or transactions involving, any property in which any foreign country or a national thereof has any interest,
by any person, or with respect to any property, subject to the jurisdiction of the United States.
(b) Recordkeeping
Pursuant to subsection (a) of this section, the Secretary of the Treasury may require recordkeeping, reporting, and production of documents to carry out the purposes of this chapter.
(c) Defenses
(1) Full and actual compliance with any regulation, order, license, instruction, or direction issued under this chapter shall be a defense in any proceeding alleging a violation of any of the provisions of this chapter.
(2) No person shall be held liable in any court for or with respect to anything done or omitted in good faith in connection with the administration of, or pursuant to, and in reliance on this chapter, or any regulation, instruction, or direction issued under this chapter.
(d) Rulemaking
The Secretary of the Treasury may issue such other regulations or orders, including regulations prescribing recordkeeping, reporting, and production of documents, definitions, licenses, instructions, or directions, as may be necessary for the exercise of the authorities granted by this chapter.
(Pub. L. 106–120, title VIII, §806, Dec. 3, 1999, 113 Stat. 1631.)
U.S. Encyclopedia of Law Coverage
21-U.S.C.-1151 in the Legal Encyclopedia: Drug Abuse
In this entry about 21-U.S.C.-1151, find legal reference material, bibliographies and premiere content related to drug abuse in the American Encyclopedia of Law, presenting a comprehensive view of the United States drug abuse-specific issues, written by authorities in the field.
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