Daily eCFR

§ 594.403 Setoffs prohibited.

31 CFR 594.403

Citation31 CFR 594.403

CorpusDaily eCFR

Displayed edition2026-10-15

Last updated2026-10-15

§ 594.403 Setoffs prohibited.

A setoff against blocked property (including a blocked account), whether by a U.S. bank or other U.S. person, is a prohibited transfer under §§ 594.201 and 594.204 if effected after the effective date.

Authority3 U.S.C. 301; 22 U.S.C. 287c; 22 U.S.C. 9404 et seq,; 31 U.S.C. 321(b); 50 U.S.C. 1601 et seq., 1701 et seq,; 28 U.S.C. 2461 note (Pub. L. 101-410, 104 Stat. 890, as amended); Pub. L. 114-102, 129 Stat. 2205, as amended (50 U.S.C. 1701 note); Pub. L. 115-348, 132 Stat. 5055 (50 U.S.C. 1701 note); E.O. 13224, 66 FR 49079, 3 CFR, 2001 Comp., p. 786; E.O. 13268, 67 FR 44751, 3 CFR, 2002 Comp., p. 240; E.O. 13284, 68 FR 4075, 3 CFR, 2003 Comp., p. 161; E.O. 13372, 70 FR 8499, 3 CFR, 2006 Comp., p. 159; E.O. 13886, 84 FR 48041, 3 CFR, 2019 Comp., p. 356.

Source68 FR 34197, June 6, 2003, unless otherwise noted.