Code of Federal Regulations · Section

§ 582.405 — Setoffs Prohibited

31 C.F.R. § 582.405

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A setoff against blocked property (including a blocked account), whether by a U.S. bank or other U.S. person, is a prohibited transfer under § 582.201 if effected after the effective date.

31 C.F.R. § 582.404 31 C.F.R. § 582.406

Authorizing Statute

Termination of existing declared emergencies
50 U.S.C. § 1601
General authority of the Secretary
31 U.S.C. § 321
Unusual and extraordinary threat; declaration of national emergency; exercise of Presidential authorities
50 U.S.C. § 1701
General authorization to delegate functions; publication of delegations
3 U.S.C. § 301
Mode of recovery
28 U.S.C. § 2461