[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR25.701]



[Page 499]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 25_FOREIGN ACQUISITION--Table of Contents

 

                     Subpart 25.7_Prohibited Sources

 

Sec. 25.701  Restrictions.





    (a) Except as authorized by the Office of Foreign Assets Control 

(OFAC) in the Department of the Treasury, agencies and their contractors 

and subcontractors must not acquire any supplies or services if any 

proclamation, Executive order, or statute administered by OFAC, or if 

OFAC's implementing regulations at 31 CFR chapter V, would prohibit such 

a transaction by a person subject to the jurisdiction of the United 

States.

    (b) Except as authorized by OFAC, most transactions involving Cuba, 

Iran, Libya, and Sudan are prohibited, as are most imports from North 

Korea into the United States or its outlying areas. In addition, lists 

of entities and individuals subject to economic sanctions are included 

in OFAC's List of Specially Designated Nationals and Blocked Persons at 

http://www.epls.gov/TerList1.html. More information about these 

restrictions, as well as updates, is available in OFAC's regulations at 

31 CFR chapter V and/or on OFAC's Web site at http://www.treas.gov/ofac.



[68 FR 56686, Oct. 1, 2003, as amended at 68 FR 69259, Dec. 11, 2003]