• United States Loosens Economic Sanctions on Iraq
  • June 18, 2003 | Authors: James K. Kearney; Jason P. Matechak
  • Law Firm: Reed Smith LLP - Washington Office
  • Over the past few weeks, many contracting opportunities with U.S. Government agencies involved in the reconstruction of Iraq have arisen. Notwithstanding these opportunities, many remain subject to the Iraqi Sanctions Regulations (31 CFR Part 575), administered by the Treasury Department's Office of Foreign Assets Control.