(1) IN GENERAL.—On and after the date that 
is 30 days after the date of the enactment of this 
Act, the President shall impose the sanctions de-
scribed in subsection (b) with respect to a foreign 
person if the President determines that the foreign 
person, on or after such date of enactment, know-
ingly engages in an activity described in paragraph 
(2). 
(2) ACTIVITIES
DESCRIBED.—A foreign per-
son— 
(A) under the direct or indirect control of, 
or acting for or on behalf of, the Government 
of the Russian Federation that is responsible 
for or complicit in, or has directly or indirectly 
engaged in, or attempted to engage in, the sei-
zure, confiscation, theft, expropriation, or ap-
propriation of property for personal gain or po-
litical purposes in Ukraine; 
(B) that knowingly provides significant fi-
nancial, material, or technological support to, or 
knowingly engages in a transaction with, a for-
eign person described in subparagraph (A); or 
(C) that is a leader, official, senior execu-
tive officer, or member of the board of directors 
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of an entity the President determines operates 
in illegally occupied areas in Ukraine. 
(b) SANCTIONS DESCRIBED.— 
(1) IN GENERAL.—The sanctions to be imposed 
with respect to a foreign person described in sub-
section (a) are the following: 
(A) BLOCKING OF PROPERTY.—The Presi-
dent shall exercise all of the powers granted to 
the President under the International Emer-
gency Economic Powers Act (50 U.S.C. 1701 et 
seq.) to the extent necessary to block and pro-
hibit all transactions in property and interests 
in property of the foreign person if such prop-
erty and interests in property are in the United 
States, come within the United States, or are or 
come within the possession or control of a 
United States person. 
(B) INELIGIBILITY FOR VISAS, ADMISSION, 
OR PAROLE.— 
(i) VISAS, ADMISSION, OR PAROLE.— 
An alien described in subsection (a) is— 
(I) inadmissible to the United 
States; 
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(II) ineligible to receive a visa or 
other documentation to enter the 
United States; and 
(III) otherwise ineligible to be 
admitted or paroled into the United 
States or to receive any other benefit 
under the Immigration and Nation-
ality Act (8 U.S.C. 1101 et seq.). 
(ii) CURRENT VISAS REVOKED.— 
(I) IN GENERAL.—An alien de-
scribed in subsection (a) is subject to 
revocation of any visa or other entry 
documentation regardless of when the 
visa or other entry documentation is 
or was issued. 
(II) IMMEDIATE EFFECT.—A rev-
ocation under subclause (I) shall— 
(aa) take effect immediately; 
and 
(bb) 
automatically 
cancel 
any other valid visa or entry doc-
umentation that is in the alien’s 
possession. 
(2) PENALTIES.—The penalties provided for in 
subsections (b) and (c) of section 206 of the Inter-
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national Emergency Economic Powers Act (50 
U.S.C. 1705) shall apply to a person that violates, 
attempts to violate, conspires to violate, or causes a 
violation of regulations promulgated to carry out 
paragraph (1)(A) to the same extent that such pen-
alties apply to a person that commits an unlawful 
act described in section 206(a) of that Act. 
(3) EXCEPTIONS.—Sanctions under paragraph 
(1)(B) shall not apply with respect to an alien if ad-
mitting or paroling the alien into the United States 
is necessary— 
(A) to permit the United States to comply 
with the Agreement regarding the Head-
quarters of the United Nations, signed at Lake 
Success June 26, 1947, and entered into force 
November 21, 1947, between the United Na-
tions and the United States, or other applicable 
international obligations; or 
(B) to carry out or assist law enforcement 
activity in the United States. 
(c) REPORT REQUIRED.—Not later than 60 days 
after the date of the enactment of this Act, and every 90 
days thereafter, the Secretary of State shall submit to the 
appropriate congressional committees a report that identi-
fies, for the period beginning on the date of the enactment 
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of this Act and ending on the date of the report, foreign 
persons that have engaged in the activity described in 
paragraphs (2)(A), (2)(B), and (2)(C) of subsection (a). 
(d) CONGRESSIONAL REQUESTS.—Not later than 30 
days after receiving a request from the chairman or rank-
ing member of the appropriate congressional committees 
with respect to whether a person meets the criteria of a 
person described in subsection (a) the President shall— 
(1) determine if the person meets such criteria; 
and 
(2) submit a classified or unclassified report to 
such chairman or ranking member, as the case may 
be, that submitted the request with respect to that 
determination that includes a statement of whether 
or not the President imposed or intends to impose 
sanctions with respect to such person. 
(e) NATIONAL SECURITY WAIVER.—The President 
may waive the application of sanctions under this section 
with respect to a foreign person if the President— 
(1) determines that the waiver is in the national 
security interests of the United States; and 
(2) submits to the appropriate congressional 
committees a report on the waiver and the reasons 
for the waiver. 
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(f) APPROPRIATE CONGRESSIONAL COMMITTEES DE-
FINED.—In this section, the term ‘‘appropriate congres-
sional committees’’ means— 
(1) the Committee on Foreign Relations and 
Committee on Banking, Housing, and Urban Affairs 
of the Senate; and 
(2) the Committee on Foreign Affairs and Com-
mittee on Financial Services of the House of Rep-
resentatives. 
Æ 
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