
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 21USC1905]

 
                        TITLE 21--FOOD AND DRUGS
 
             CHAPTER 24--INTERNATIONAL NARCOTICS TRAFFICKING
 
Sec. 1905. Authorities


(a) In general

    To carry out the purposes of this chapter, the Secretary of the 
Treasury may, under such regulations as he may prescribe, by means of 
instructions, licenses, or otherwise--
        (1) investigate, regulate, or prohibit--
            (A) any transactions in foreign exchange, currency, or 
        securities; and
            (B) transfers of credit or payments between, by, through, or 
        to any banking institution, to the extent that such transfers or 
        payments involve any interests of any foreign country or a 
        national thereof; and

        (2) investigate, block during the pendency of an investigation, 
    regulate, direct and compel, nullify, void, prevent, or prohibit any 
    acquisition, holding, withholding, use, transfer, withdrawal, 
    transportation, placement into foreign or domestic commerce of, or 
    dealing in, or exercising any right, power, or privilege with 
    respect to, or transactions involving, any property in which any 
    foreign country or a national thereof has any interest,

by any person, or with respect to any property, subject to the 
jurisdiction of the United States.

(b) Recordkeeping

    Pursuant to subsection (a) of this section, the Secretary of the 
Treasury may require recordkeeping, reporting, and production of 
documents to carry out the purposes of this chapter.

(c) Defenses

    (1) Full and actual compliance with any regulation, order, license, 
instruction, or direction issued under this chapter shall be a defense 
in any proceeding alleging a violation of any of the provisions of this 
chapter.
    (2) No person shall be held liable in any court for or with respect 
to anything done or omitted in good faith in connection with the 
administration of, or pursuant to, and in reliance on this chapter, or 
any regulation, instruction, or direction issued under this chapter.

(d) Rulemaking

    The Secretary of the Treasury may issue such other regulations or 
orders, including regulations prescribing recordkeeping, reporting, and 
production of documents, definitions, licenses, instructions, or 
directions, as may be necessary for the exercise of the authorities 
granted by this chapter.

(Pub. L. 106-120, title VIII, Sec. 806, Dec. 3, 1999, 113 Stat. 1631.)
