31 C.F.R. § 578.501
For provisions relating to licensing procedures, see part 501, subpart E, of this chapter. Licensing actions taken pursuant to part 501 of this chapter with respect to the prohibitions contained in this part are considered actions taken pursuant to this part. General licenses and statements of licensing policy relating to this part also may be available through the Sanctions Related to Significant Malicious Cyber-Enabled Activities page on OFAC's website: www.treas.gov/ofac.
Note 1 to § 578.501 . Section 216 of the Countering America's Adversaries Through Sanctions Act (22 U.S.C. 9511 ) requires congressional review prior to the issuance of a license that significantly alters the United States' foreign policy with regard to the Russian Federation.
31 C.F.R. §578.501