Prohibiting New Investment in Burma
Headline: Prohibits New Investment in Burma by United States Persons
What it does: Agencies must implement and enforce a ban on new investment in Burma by United States persons and related transaction prohibitions.
- Stops United States persons from making new investments in Burma.
- Bans United States facilitation of foreign transactions that would be new investments in Burma.
- Exempts not-for-profit educational, health, and humanitarian programs from the investment definition.
Summary
This order prohibits new investment in Burma by United States persons and bans U.S. facilitation of or evasion of such investments. It defines what counts as "new investment" and excludes not-for-profit educational, health, and humanitarian programs.
It applies to United States citizens, permanent residents, companies organized under United States law, and anyone in the United States. The order directs federal agencies, the Treasury, and the State Department to issue rules and enforce the ban after the President declared a national emergency because Burma committed large-scale repression.
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