Thanks Ted Dziekanowski, very interesting wording in the Bill.

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Thanks Ted Dziekanowski, very interesting wording in the Bill. A letter or marque and reprisal is

A commission by which the head of a government authorizes a private ship to capture enemy vessels.

The authority to do such capturing is granted to private vessels in letters of marque and reprisal. In the technical sense, a letter of marque is permission to cross over the frontier into another country’s territory in order to take a ship; a letter of reprisal authorizes taking the captured vessel to the home port of the capturer.

For seizing assets of those Russians on an OFAC list.

The wording ‘and for other purposes.’ is what is most interesting. A catch-all for whatever you want it to be?

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Regulation & Compliance