Us Code § 9265a - Reports on certain licensing actions
Full text of Us Code United States Code § 9265a — Reports on certain licensing actions, with citation guidance and answers to common questions.
§ 9265a. Reports on certain licensing actions
(a) Report required
(1) In general
Not later than 180 days after December 20, 2019, and every 180 days thereafter, the President shall submit to the committees specified in paragraph (2) a report on the operation of the system for issuing licenses for transactions under covered regulatory provisions during the preceding 180-day period that includes—
(A) the number and types of such licenses applied for during that period; and
(B) the number of such licenses issued during that period and information identifying the person receiving each such license.
(2) Committees specified
The committees specified in this paragraph are the following:
(A) The Committee on Financial Services and the Committee on Foreign Affairs of the House of Representatives.
(B) The Committee on Banking, Housing, and Urban Affairs and the Committee on Foreign Relations of the Senate.
(b) Submission of copies of licenses on request
The Secretary of the Treasury shall expeditiously provide a copy of any license identified in a report required by subsection (a)(1) to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate if an appropriate Member of Congress requests a copy of that license not later than 30 days after submission of the report.
(c) Form
Each report required by subsection (a), and each copy of a license submitted under subsection (b), shall be submitted in unclassified form but may include a classified annex.
(d) Definitions
In this section:
(1) Appropriate Member of Congress
The term "appropriate Member of Congress" means—
(A) the chairman or ranking member of the Committee on Financial Services of the House of Representatives; or
(B) the chairman or ranking member of the Committee on Banking, Housing, and Urban Affairs of the Senate.
(2) Covered regulatory provision
The term "covered regulatory provision" means any of the following provisions, as in effect on the day before December 20, 2019, and as such provisions relate to North Korea:
(A) Part 743, 744, or 746 of title 15, Code of Federal Regulations.
(B) Part 510 of title 31, Code of Federal Regulations.
(C) Any other provision of title 31, Code of Federal Regulations.
(Pub. L. 116–92, div. F, title LXXI, §7132, Dec. 20, 2019, 133 Stat. 2252.)
Editorial Notes
Codification
Section was enacted as part of the Otto Warmbier North Korea Nuclear Sanctions and Enforcement Act of 2019, and also as part of the National Defense Authorization Act for Fiscal Year 2020, and not as part of the North Korea Sanctions and Policy Enhancement Act of 2016 which comprises this chapter.
Executive Documents
Delegation of Functions
Functions and authorities of President under this section delegated to Secretary of the Treasury and Secretary of Commerce by section 1(c) of Memorandum of President of the United States, Feb. 21, 2020, 85 F.R. 13717, set out as a note under section 286yy of this title.
Part II—General Matters
About This Section
22 U.S.C. § 9265a is part of Title 22 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
This section may be cited in legal writing as 22 U.S.C. § 9265a. For the most current official text, including any recent amendments, use the official source links below. Do not rely on this page as the sole authority for legal citation or litigation.
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