Code of Federal Regulations · Section
§ 225.7020-3 — 225.7020-3 Exceptions
48 C.F.R. § 225.7020-3
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The prohibition in 225.7020-2 does not apply if—
(a) The person has a valid license to operate in Venezuela issued by the Office of Foreign Assets Control of the Department of the Treasury; or
(b) The acquisition is related to the operation and maintenance of the U.S. Government's consular office and diplomatic posts in Venezuela.
Authorizing Statute
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Functions and authority41 U.S.C. § 1303