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U.S. Code as of:
01/19/04
Section 955. Financial transactions with foreign governments
Whoever, within the United States, purchases or sells the bonds,
securities, or other obligations of any foreign government or
political subdivision thereof or any organization or association
acting for or on behalf of a foreign government or political
subdivision thereof, issued after April 13, 1934, or makes any loan
to such foreign government, political subdivision, organization or
association, except a renewal or adjustment of existing
indebtedness, while such government, political subdivision,
organization or association, is in default in the payment of its
obligations, or any part thereof, to the United States, shall be
fined under this title or imprisoned for not more than five years,
or both.
This section is applicable to individuals, partnerships,
corporations, or associations other than public corporations
created by or pursuant to special authorizations of Congress, or
corporations in which the United States has or exercises a
controlling interest through stock ownership or otherwise. While
any foreign government is a member both of the International
Monetary Fund and of the International Bank for Reconstruction and
Development, this section shall not apply to the sale or purchase
of bonds, securities, or other obligations of such government or
any political subdivision thereof or of any organization or
association acting for or on behalf of such government or political
subdivision, or to making of any loan to such government, political
subdivision, organization, or association.
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