Senator BILL ARMSTRONG and I have introduced legislation to regulate the transfer of funds for humanitarian purposes to individuals residing in the Socialist Repulic of Vietnam. The Office of Foreign Assets Control. through section 505.565 of the foreign assets control regulations. allows the transfer of not more than $300 in any consecutive 3 month period to any one payee in Vietnam or $12.000 per year. An additional onetime transfer of $750 is permitted for the purpose of enabling the payee to emigrate from Vietnam. Our Government gave this permission because we believed that most recipients had direct or indirect connections with the U.S. Government or the deposed Government of South Vietnam.
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emigrate