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Article: International boycott reports, 1999 and 2000.
- Article from:
- Statistics of Income. SOI Bulletin
- Article date:
- December 22, 2002
- Author:
CopyrightCOPYRIGHT 2002 U.S. Government Printing Office. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Federal law prohibits U.S. "persons" from participating in economic boycotts or embargoes of other nations. During the 1970's, the United States adopted two laws to discourage U.S. persons from participating in foreign boycotts that the United States does not sanction. These "antiboycott" laws are the 1977 amendments to the Export Administration Act of 1969 and the Ribicoff Amendment to the Tax Reform Act of 1976.
Antiboycott Laws
The Export Administration Act of 1969 (EAA) imposes criminal and civil penalties for participation in an unsanctioned boycott and is enforced by the Department of Commerce. The Ribicoff Amendment to the Tax Reform Act of 1976 ...