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Published online by Cambridge University Press: 10 March 2017
1 In 1987, President Reagan imposed an import embargo on Iranian goods. See Exec. Order No. 12, 613, 3 C.F.R. 256 (1987). In 1995 and 1997, President Clinton imposed further sanctions against Iran—which had the effect of prohibiting virtually all trade and investment activities with Iran by U.S. persons (wherever located). See Exec. Order No. 12, 957, 3 C.F.R. 332 (1995); Exec. Order No. 12, 959, 3 C.F.R. 356 (1995); Exec. Order No. 13, 059, 3 C.F.R. 217 (1997); see also 31 C.F.R. §§560.101–560.803 (2000).
2 [Editor’s Note: See 64 Fed. Reg. 58, 789 (1999) (to be codified at 31 C.F.R. pt. 560); 64 Fed. Reg. 41, 784 (1999) (to be codified at 31 C.F.R. pt. 560).]
3 [Editor’s Note: See 65 Fed. Reg. 25, 642 (2000) (to be codified at 31 C.F.R. pt. 560).]
4 Secretary of State Albright, Madeleine K., Remarks Before the American-Iranian Council (Mar. 17, 2000) <http://secretary.state.gov/www/statements/2000/000317.html>>Google Scholar.
5 See Drozdiak, William, Iranian Leader Calls for Closer U.S. Relations, Wash. Post, July 12, 2000, at A17 Google Scholar.