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22 U.S.C. § 8531 — Definitions

Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 8531 — Definitions

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Page 2090 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 8531 Export-Import Bank of the United States ap- proves cofinancing (including loans, guarantees, other credits, insurance, and reinsurance) in which an export credit agency of a foreign coun- try identified in the report required by sub- section (a) will participate, the President shall submit to the appropriate congressional com- mittees a report identifying— (1) the export credit agency of the foreign country; and (2) the beneficiaries of the financing. (Pub. L. 111–195, title I, § 111, July 1, 2010, 124 Stat. 1339.) TERMINATION OF SECTION For termination of section, see section 8551(a) of this title. Editorial Notes REFERENCES IN TEXT Section 5 of the Iran Sanctions Act of 1996, as amend- ed by section 102 of this Act, referred to in subsec. (a)(1), is section 5 of Pub. L. 104–172, as amended by sec- tion 102 of Pub. L. 111–195, which is set out as a note under section 1701 of Title 50, War and National De- fense. Executive Documents DELEGATION OF FUNCTIONS For delegation of functions of President under this section, see Memorandum of President of the United States, Sept. 23, 2010, 75 F.R. 67025, set out as a note under section 8501 of this title. SUBCHAPTER II—DIVESTMENT FROM CER- TAIN COMPANIES THAT INVEST IN IRAN § 8531. Definitions In this subchapter: (1) Energy sector of Iran The term ‘‘energy sector of Iran’’ refers to activities to develop petroleum or natural gas resources or nuclear power in Iran. (2) Financial institution The term ‘‘financial institution’’ has the meaning given that term in section 14 of the Iran Sanctions Act of 1996 (Public Law 104–172; 50 U.S.C. 1701 note). (3) Iran The term ‘‘Iran’’ includes the Government of Iran and any agency or instrumentality of Iran. (4) Person The term ‘‘person’’ means— (A) a natural person, corporation, com- pany, business association, partnership, soci- ety, trust, or any other nongovernmental en- tity, organization, or group; (B) any governmental entity or instrumen- tality of a government, including a multilat- eral development institution (as defined in section 262r(c)(3) of this title); and (C) any successor, subunit, parent entity, or subsidiary of, or any entity under com- mon ownership or control with, any entity described in subparagraph (A) or (B). (5) State The term ‘‘State’’ means each of the several States, the District of Columbia, the Common- wealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, American Samoa, Guam, the United States Virgin Is- lands, and any other territory or possession of the United States. (6) State or local government The term ‘‘State or local government’’ in- cludes— (A) any State and any agency or instru- mentality thereof; (B) any local government within a State, and any agency or instrumentality thereof; (C) any other governmental instrumen- tality of a State or locality; and (D) any public institution of higher edu- cation within the meaning of the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.). (Pub. L. 111–195, title II, § 201, July 1, 2010, 124 Stat. 1341.) TERMINATION OF SECTION For termination of section, see section 8551(a) of this title. Editorial Notes REFERENCES IN TEXT This subchapter, referred to in text, was in the origi- nal ‘‘this title’’, meaning Pub. L. 111–195, title II, July 1, 2010, 124 Stat. 1341, which enacted this subchapter, amended section 80a–13 of Title 15, Commerce and Trade, enacted provisions set out as notes under sec- tion 80a–13 of Title 15, and amended provisions set out as a note under section 1701 of Title 50, War and Na- tional Defense. For complete classification of title II to the Code, see Tables. The Higher Education Act of 1965, referred to in par. (6)(D), is Pub. L. 89–329, Nov. 8, 1965, 79 Stat. 1219, which is classified generally to chapter 28 (§ 1001 et seq.) of Title 20, Education. For complete classification of this Act to the Code, see Short Title note set out under sec- tion 1001 of Title 20 and Tables. § 8532. Authority of State and local governments to divest from certain companies that invest in Iran (a) Sense of Congress It is the sense of Congress that the United States should support the decision of any State or local government that for moral, prudential, or reputational reasons divests from, or pro- hibits the investment of assets of the State or local government in, a person that engages in investment activities in the energy sector of Iran, as long as Iran is subject to economic sanc- tions imposed by the United States. (b) Authority to divest Notwithstanding any other provision of law, a State or local government may adopt and en- force measures that meet the requirements of subsection (d) to divest the assets of the State or local government from, or prohibit invest- ment of the assets of the State or local govern- ment in, any person that the State or local gov- ernment determines, using credible information available to the public, engages in investment activities in Iran described in subsection (c). (c) Investment activities described A person engages in investment activities in Iran described in this subsection if the person—

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Federal law — U.S. Code and appendices · legal_authorities

20 U.S.C. § 1001 — General definition of institution of higher education

**(a) Institution of higher education** For purposes of this chapter, other than subchapter IV, the term “institution of higher education” means an educational institution in any State that— (1) admits as regular students only persons having a certificate of graduation from a school providing secondary education, or the recognized equivalent of such a certificate, or persons who meet the requirements of [section 1091(d) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1091/d&num=0&edition=prelim); (2) is legally authorized within such State to provide a program of education beyond secondary education; (3) provides an educational program for which the institution awards a bachelor’s degree or provides not less than a 2-year program that is acceptable for full credit toward such a degree, or awards a degree that is acceptable for admission to a graduate or professional degree program, subject to review and approval by the Secretary; (4) is a public or other nonprofit institution; and (5) is accredited by a nationally recognized accrediting agency or association, or if not so accredited, is an institution that has been granted preaccreditation status by such an agency or association that has been recognized by the Secretary for the granting of preaccreditation status, and the Secretary has determined that there is satisfactory assurance that the institution will meet the accreditation standards of such an agency or association within a reasonable time. **(b) Additional institutions included** For purposes of this chapter, other than subchapter IV, the term “institution of higher education” also includes— (1) any school that provides not less than a 1-year program of training to prepare students for gainful employment in a re

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Federal law — U.S. Code and appendices · legal_authorities

20 U.S.C. § 1001 — General definition of institution of higher

Page 185 TITLE 20—EDUCATION § 1001 PART A—DEFINITIONS § 1001. General definition of institution of higher education (a) Institution of higher education For purposes of this chapter, other than sub- chapter IV, the term ‘‘institution of higher edu- cation’’ means an educational institution in any State that— (1) admits as regular students only persons having a certificate of graduation from a school providing secondary education, or the recognized equivalent of such a certificate, or persons who meet the requirements of section 1091(d) of this title; (2) is legally authorized within such State to provide a program of education beyond sec- ondary education; (3) provides an educational program for which the institution awards a bachelor’s de- gree or provides not less than a 2-year pro- gram that is acceptable for full credit toward such a degree, or awards a degree that is ac- ceptable for admission to a graduate or profes- sional degree program, subject to review and approval by the Secretary; (4) is a public or other nonprofit institution; and (5) is accredited by a nationally recognized accrediting agency or association, or if not so accredited, is an institution that has been granted preaccreditation status by such an agency or association that has been recognized by the Secretary for the granting of preaccreditation status, and the Secretary has determined that there is satisfactory assur- ance that the institution will meet the accred- itation standards of such an agency or associa- tion within a reasonable time. (b) Additional institutions included For purposes of this chapter, other than sub- chapter IV, the term ‘‘institution of higher edu- cation’’ also includes— (1) any school that provides not less than a 1-year program of tr

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 8531 — Reports on certain activities of foreign export credit agencies and of the Export-Import Bank of the United States

**(a) Report on certain activities of export credit agencies of foreign countries** (1) **In general** — Not later than 90 days after July 1, 2010, the President shall submit to the appropriate congressional committees a report on any activity of an export credit agency of a foreign country that is an activity comparable to an activity described in subsection (a) or (b) of section 5 of the Iran Sanctions Act of 1996, as amended by section 102 of this Act. (2) **Updates** — The President shall update the report required by paragraph (1) as new information becomes available with respect to the activities of export credit agencies of foreign countries. **(b) Report on certain financing by the Export-Import Bank of the United States** Not later than 30 days (or, in extraordinary circumstances, not later than 15 days) before the Export-Import Bank of the United States approves cofinancing (including loans, guarantees, other credits, insurance, and reinsurance) in which an export credit agency of a foreign country identified in the report required by subsection (a) will participate, the President shall submit to the appropriate congressional committees a report identifying— (1) the export credit agency of the foreign country; and (2) the beneficiaries of the financing.

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Federal law — U.S. Code and appendices · legal_authorities

50 U.S.C. § 1701 — Unusual and extraordinary threat; declaration of national emergency; exercise of Presidential authorities

**(a)** Any authority granted to the President by [section 1702 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1702&num=0&edition=prelim) may be exercised to deal with any unusual and extraordinary threat, which has its source in whole or substantial part outside the United States, to the national security, foreign policy, or economy of the United States, if the President declares a national emergency with respect to such threat. **(b)** The authorities granted to the President by [section 1702 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1702&num=0&edition=prelim) may only be exercised to deal with an unusual and extraordinary threat with respect to which a national emergency has been declared for purposes of this chapter and may not be exercised for any other purpose. Any exercise of such authorities to deal with any new threat shall be based on a new declaration of national emergency which must be with respect to such threat.

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Federal law — U.S. Code and appendices · legal_authorities

50 U.S.C. § 1701 — Unusual and extraordinary threat; dec-

Page 151 TITLE 50—WAR AND NATIONAL DEFENSE § 1701 CHAPTER 35—INTERNATIONAL EMERGENCY ECONOMIC POWERS Sec. 1701. Unusual and extraordinary threat; declara- tion of national emergency; exercise of Presidential authorities. 1702. Presidential authorities. 1703. Consultation and reports. 1704. Authority to issue regulations. 1705. Penalties. 1706. Savings provisions. 1707. Multinational economic embargoes against governments in armed conflict with the United States. 1708. Actions to address economic or industrial es- pionage in cyberspace. 1709. Imposition of sanctions with respect to theft of trade secrets of United States persons. 1710. Confronting asymmetric and malicious cyber activities. § 1701. Unusual and extraordinary threat; dec- laration of national emergency; exercise of Presidential authorities (a) Any authority granted to the President by section 1702 of this title may be exercised to deal with any unusual and extraordinary threat, which has its source in whole or substantial part outside the United States, to the national secu- rity, foreign policy, or economy of the United States, if the President declares a national emergency with respect to such threat. (b) The authorities granted to the President by section 1702 of this title may only be exer- cised to deal with an unusual and extraordinary threat with respect to which a national emer- gency has been declared for purposes of this chapter and may not be exercised for any other purpose. Any exercise of such authorities to deal with any new threat shall be based on a new dec- laration of national emergency which must be with respect to such threat. (Pub. L. 95–223, title II, § 202, Dec. 28, 1977, 91 Stat. 1626.) Statutory Notes and Related Subsidiaries SHORT TITLE

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