To protect the United States and its allies by imposing sanctions on countries and entities that aid and abet individuals or entities engaged in terrorist activity or fail to cooperate in the war against terrorism, and for other purposes.

Summary: No Safe Harbor Act - Authorizes the President to impose specified sanctions, including economic embargo and the blocking of property in the United States, against any country (or entity where applicable) that has been determined to: (1) have repeatedly provided support for acts of international terrorism; (2) not be cooperating fully with the United States antiterrorism efforts; and (3) be otherwise aiding and abetting terrorist activity. Sets forth certain penalties for violations committed under this Act.Authorizes the President to vest and liquidate as much of property of such country or entity that has been blocked under this Act to adequately compensate the victims of terrorist acts and their families. Authorizes the President to waive such sanctions in the U.S. national security interest.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``No Safe Harbor Act''.

SEC. 2. FINDINGS.

    The Congress finds that--
            (1) harboring, supporting, or providing aid or protection 
        to individuals or entities engaged in terrorist activity 
        against the United States, its citizens, or its allies will be 
        considered to be acts of aggression against the United States; 
        and
            (2) failing to assist the United States or its allies in 
        the identification, suppression, or prosecution of individuals 
        or entities engaged in terrorist activity will be considered to 
        be acts of aggression against the United States.

SEC. 2. IMPOSITION OF SANCTIONS.

    (a) Sanctions.--The President may impose the sanctions under 
subsection (b) on--
            (1) any country determined, for purposes of section 6(j) of 
        the Export Administration Act of 1979 (50 U.S.C. App. 2405(j)), 
        section 620A of the Foreign Assistance Act of 1961 (22 U.S.C. 
        2371), or section 40(d) of the Arms Export Control Act (22 
        U.S.C. 2780(d)), to be a country the government of which has 
        repeatedly provided support for acts of international 
        terrorism;
            (2) any country identified under section 40A of the Arms 
        Export Control Act (22 U.S.C. 2781) to be a country not 
        cooperating fully with United States antiterrorism efforts; and
            (3) any country or entity that the President determines--
                    (A) fails to support antiterrorist investigations 
                by the United States;
                    (B) provides sanctuary for individuals or entities 
                suspected of engaging in terrorist activity from 
                prosecution in the United States or any of its allies;
                    (C) fails to extradite to the United States or any 
                of its allies individuals or entities suspected of 
                engaging in terrorist activity;
                    (D) allows individuals or entities to seek material 
                support or resources (within the meaning of section 
                2339A(b) of title 18, United States Code), including 
                raising funds, for groups that engage in terrorist 
                activity;
                    (E) allows the recruitment of individuals for 
                terrorist activity; or
                    (F) fails to assist in intelligence gathering by 
                the United States or any of its allies relating to 
                terrorist activity.
    (b) Sanctions.--
            (1) Sanctions on countries.--The sanctions that may be 
        imposed on a country referred to in subsection (a) are the 
        following:
                    (A) Economic embargo.--The President may exercise 
                the authorities the President has under the 
                International Emergency Economic Powers Act to impose 
                an economic embargo on such country, without regard to 
                section 202 of that Act, including--
                            (i) blocking all property and interests in 
                        property of such country that are in the United 
                        States or are in the possession or control of 
                        United States persons;
                            (ii) prohibiting transactions in any 
                        property in which any national of such country 
                        has any interest; and
                            (iii) prohibiting imports from and exports 
                        to such country.
                    (B) Prohibition on travel.--The President may 
                prohibit travel to and from that country, 
                notwithstanding section 203(b)(4) of the International 
                Emergency Economic Powers Act.
                    (C) Denial of entry into the united states.--The 
                President may direct the Attorney General to deny 
                admission into the United States to any citizen or 
                national of that country (or, in the case of a person 
                having no nationality, a person habitually residing in 
                such country) as an immigrant or nonimmigrant (except 
                in the case of admission as a refugee under section 207 
                of the Immigration and Nationality Act or similar 
                provision of law).
            (2) Sanctions on entities.--The sanctions that may be 
        imposed on an entity referred to in subsection (a)(3) are that 
        the President may exercise the authorities the President has 
        under the International Emergency Economic Powers Act, without 
        regard to section 202 of that Act--
                    (A) to block all property and interests in property 
                of such entity that are in the United States or are in 
                the possession or control of United States persons; and
                    (B) to prohibit imports from and exports to such 
                entity.
    (c) Regulatory Authority; Penalties.--The President may issue such 
regulations, licenses, and orders as are necessary to carry out this 
Act. The penalties set forth in section 206 of the International 
Emergency Economic Powers Act shall apply to violations under this Act 
to the same extent as such penalties apply to violations under that 
Act.

SEC. 3. ASSISTANCE TO VICTIMS OF TERRORISM.

    The President may vest and liquidate as much of property that is 
blocked pursuant to section paragraphs (1)(A)(i) and (2)(A) of section 
2(b) as may be necessary to adequately compensate the victims of 
terrorist acts and their families, in accordance with regulations that 
the President may issue.

SEC. 4. WAIVER.

    The President may waive any provision of section 2 with respect to 
any country or entity if the President--
            (1) determines that vital national interests so require; 
        and
            (2) submits that determination to the Congress, together 
        with the reasons therefor.

SEC. 5. DEFINITIONS.

    In this Act:
            (1) Terrorist activity.--The term ``terrorist activity'' 
        has the meaning given that term in section 212(a)(3)(B)(ii) of 
        the Immigration and Nationality Act (8 U.S.C. 
        1182(a)(3)(B)(ii)).
            (2) United states person.--The term ``United States 
        person'' means--
                    (A) a United States citizen;
                    (B) a partnership, corporation, or other legal 
                entity that is organized under the laws of the United 
                States; or
                    (C) a partnership, corporation, or other legal 
                entity that is organized under the laws of a foreign 
                country and is controlled by entities described in 
                subparagraph (B) or United States citizens, or both.