View all text of Part B [§ 9521 - § 9532]
§ 9523. Modification of implementation of Executive Order No. 13662
(a) Determination that certain entities are subject to sanctions
(b) Modification of Directive 1 with respect to the financial services sector of the Russian Federation economy
(c) Modification of Directive 2 with respect to the energy sector of the Russian Federation economy
(d) Modification of Directive 4
Not later than 90 days after August 2, 2017, the Secretary of the Treasury shall modify Directive 4, dated September 12, 2014, issued by the Office of Foreign Assets Control under Executive Order No. 13662, or any successor directive (which shall be effective beginning on the date that is 90 days after the date of such modification), to ensure that the directive prohibits the provision, exportation, or reexportation, directly or indirectly, by United States persons or persons within the United States, of goods, services (except for financial services), or technology in support of exploration or production for new deepwater, Arctic offshore, or shale projects—
(1) that have the potential to produce oil; and
(2) that involve any person determined to be subject to the directive or the property or interests in property of such a person who has a controlling interest or a substantial non-controlling ownership interest in such a project defined as not less than a 33 percent interest.
(Pub. L. 115–44, title II, § 223, Aug. 2, 2017, 131 Stat. 907.)