Documentation

Antiboycott Statement

Also known as: Boycott Reporting · Ribicoff Amendment

A required report to the U.S. government when a party receives a request to participate in an unsanctioned foreign boycott — typically the Arab League boycott of Israel.

U.S. antiboycott laws prohibit U.S. persons from participating in foreign boycotts that the United States does not support — primarily the Arab League boycott of Israel. They also require reporting of any request to participate in such a boycott, even when the request is refused.

Two parallel regimes apply:

  • EAR Antiboycott Regulations — Administered by the Bureau of Industry and Security (BIS) under 15 CFR Part 760. Civil penalties; reporting obligation triggers on receipt of a boycott request.
  • Ribicoff Amendment — Administered by the IRS under 26 U.S.C. § 999. Tax-based: U.S. persons participating in a boycott lose foreign tax credit, deferral, and FSC benefits.

Under 15 CFR Part 760, a U.S. person must report receipt of any boycott-related request to BIS on Form BIS-621P (single-transaction) or BIS-6051P (quarterly). Common boycott requests appear in:

  • Letters of credit ("This L/C will not be paid on goods of Israeli origin")
  • Commercial invoices and certificates of origin (negative origin certifications)
  • Bills of lading (vessel-eligibility statements)
  • Purchase orders (boycott blacklist references)

What's prohibited:

  • Refusing to do business with or in Israel, or with blacklisted parties
  • Furnishing information about business relationships with or in Israel
  • Furnishing information about the race, religion, sex, or national origin of any U.S. person
  • Implementing letters of credit containing prohibited boycott terms
  • Paying, honoring, or otherwise implementing a boycott-related agreement

Reporting deadlines run on a calendar quarter, due the last day of the month following quarter-end. BIS publishes summary lists of reportable requests by country — a useful guide for compliance teams reviewing incoming commercial documents.

Penalties for non-compliance under the EAR can reach the greater of $356,579 (adjusted for inflation) or twice the value of the transaction per violation, plus loss of export privileges.

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