Administration of Proliferation Sanctions and Amendment of Executive Order 12851
Treasury Department Must Block Loans to Targeted Foreign Governments
What it does
The order directs the Treasury Department to oppose international loans and prohibit United States banks from lending to designated foreign governments, except for food purchases.
Real-world impact
- Blocks international financial institutions from extending loans to targeted countries.
- Prohibits United States banks from lending to certain foreign governments, except food purchases.
- Bans transactions and conspiracies that try to evade these banking prohibitions.
Topics
Summary
This order requires the Treasury Department, working with the State Department, to implement proliferation-related sanctions against selected countries. It directs Treasury to oppose loans from international financial institutions and to prohibit United States banks from lending to those governments, except for loans to buy food or agricultural products.
The order also bans transactions and conspiracies that try to evade these prohibitions, delegates certain authorities to the Treasury, and authorizes Treasury to issue rules; all federal agencies must take appropriate measures to carry out the order.
Questions, answered
Ask questions about this executive order and its implications. Try:
- “What agencies are affected by this order?”
- “How does this order change existing policy?”
- “What are the practical implications of this order?”