FAR 25.701 Restrictions administered by the Department of the Treasury on acquisitions of supplies or services from prohibited sources
Section Federal Acquisition Regulation
Facts
- Citation
- FAR 25.701
- Type
- Section
- Last amended
- 89 FR 61338 Effective Aug 29, 2024
- Text as of
- FAC 2026-01
- Official text
- acquisition.gov
Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this section.
Text
(a) Except as authorized by OFAC, agencies and their contractors and subcontractors must not acquire any supplies or services if any proclamation, Executive order, or statute administered by OFAC, or if OFAC’s implementing regulations at 31 CFR Chapter V, would prohibit such a transaction by a person subject to the jurisdiction of the United States.
(b) Except as authorized by OFAC, most transactions involving Cuba, Iran, and Sudan are prohibited, as are most imports from Burma or North Korea into the United States or its outlying areas. In addition, lists of entities and individuals subject to economic sanctions are included in OFAC’s List of Specially Designated Nationals and Blocked Persons at https://ofac.treasury.gov/specially-designated-nationals-and-blocked-persons-list-sdn-human-readable-lists. More information about these restrictions, as well as updates, is available in OFAC’s regulations at 31 CFR Chapter V and/or on OFAC’s website at https://ofac.treasury.gov/.
(c) Refer questions concerning the restrictions in paragraphs (a) or (b) of this section to the-
Department of the Treasury Office of Foreign Assets Control Washington, DC 20220 (Telephone (202) 622-2490).
Federal Register history
Quick answers
What is FAR 25.701?
FAR 25.701 is a section of the Federal Acquisition Regulation, titled "Restrictions administered by the Department of the Treasury on acquisitions of supplies or services from prohibited sources".
When was FAR 25.701 last changed?
The most recent final rule on record is "Federal Acquisition Regulation; Technical Amendments" (89 FR 61338), published Jul 30, 2024 and effective Aug 29, 2024.
Are changes to FAR 25.701 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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