(1) BLOCKING OF PROPERTY.—The President 
shall exercise all of the powers granted to the Presi-
dent by the International Emergency Economic 
Powers Act (50 U.S.C. 1701 et seq.) (except that 
the requirements of section 202 of such Act (50 
U.S.C. 1701) shall not apply) to the extent nec-
essary to block and prohibit all transactions in prop-
erty and interests in property of the person if such 
property 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. 
(2) INADMISSIBILITY
OF
CERTAIN
INDIVID-
UALS.— 
(A) INELIGIBILITY FOR VISAS, ADMISSION, 
OR PAROLE.—A foreign person who meets any 
of the criteria described section 201, 202, or 
203 is— 
(i) inadmissible to the United States; 
(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 re-
ceive any other benefit under the Immigra-
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tion and Nationality Act (8 U.S.C. 1101 et 
seq.). 
(B) CURRENT VISAS REVOKED.—A foreign 
person subject to section 201, 202, or 203 is 
subject to the following: 
(i) Revocation of any visa or other 
entry documentation regardless of when 
the visa or other entry documentation is or 
was issued. 
(ii) A revocation under clause (i) 
shall— 
(I) take effect immediately; and 
(II) automatically cancel any 
other valid visa or entry documenta-
tion that is in the foreign person’s 
possession. 
(b) PENALTIES.—The penalties provided for in sub-
sections (b) and (c) of section 206 of the International 
Emergency Economic Powers Act (50 U.S.C. 1705) shall 
apply to a person who violates, attempts to violate, con-
spires to violate, or causes a violation of regulations pro-
mulgated under section 306(2) to carry out subsection 
(a)(1) to the same extent that such penalties apply to a 
person who commits an unlawful act described in section 
206(a) of that Act. 
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(c) EXCEPTION.—Sanctions under subsection (a)(2) 
shall not apply to an alien if admitting or paroling the 
alien into the United States is necessary to permit the 
United States to comply with the Agreement regarding the 
Headquarters of the United Nations, signed at Lake Suc-
cess June 26, 1947, and entered into force November 21, 
1947, between the United Nations and the United States, 
or other applicable international obligations of the United 
States. 
(d) EXCEPTION TO COMPLY WITH NATIONAL SECU-
RITY.—The following activities shall be exempt from sanc-
tions under this section: 
(1) Activities subject to the reporting require-
ments under title V of the National Security Act of 
1947 (50 U.S.C. 3091 et seq.). 
(2) Any authorized intelligence or law enforce-
ment activities of the United States. 
SEC. 205. WAIVER. 
(a) IN GENERAL.—The President may waive, for one 
or more periods not to exceed 90 days, the application of 
sanctions imposed on a foreign person under this title if 
the President— 
(1) determines that such a waiver is in the na-
tional interest of the United States; and 
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(2) not later than the date on which such waiv-
er will take effect, submits to the appropriate con-
gressional committees a notice of and justification 
for such waiver. 
(b) APPROPRIATE
CONGRESSIONAL
COMMITTEES 
DEFINED.—In this section, the term ‘‘appropriate con-
gressional committees’’ means— 
(1) the Committee on Foreign Affairs and the 
Committee on Financial Services of the House of 
Representatives; and 
(2) the Committee on Foreign Relations and 
the Committee on Banking, Housing, and Urban Af-
fairs of the Senate. 
SEC. 206. IMPLEMENTATION AND REGULATORY AUTHOR-
ITY. 
The President— 
(1) is authorized to exercise all authorities pro-
vided to the President under sections 203 and 205 
of the International Emergency Economic Powers 
Act (50 U.S.C. 1702 and 1704) to carry out this 
title; and 
(2) shall issue such regulations, licenses, and 
orders as are necessary to carry out this title. 
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SEC. 207. EXCEPTION RELATING TO IMPORTATION OF 
GOODS. 
(a) IN GENERAL.—The authorities and requirements 
to impose sanctions under this title shall not include the 
authority or requirement to impose sanctions on the im-
portation of goods. 
(b) GOOD DEFINED.—In this section, the term 
‘‘good’’ means any article, natural or man-made sub-
stance, material, supply or manufactured product, includ-
ing inspection and test equipment and excluding technical 
data. 
SEC. 208. DEFINITIONS. 
In this title: 
(1) ADMITTED; ALIEN.—The terms ‘‘admitted’’ 
and ‘‘alien’’ have the meanings given those terms in 
section 101 of the Immigration and Nationality Act 
(8 U.S.C. 1101). 
(2) FOREIGN PERSON.—The term ‘‘foreign per-
son’’ means an individual or entity who is not a 
United States person. 
(3) FOREIGN
GOVERNMENT.—The term ‘‘for-
eign government’’ means any government of a coun-
try other than the United States. 
(4) KNOWINGLY.—The term ‘‘knowingly’’ with 
respect to conduct, a circumstance, or a result, 
means that a person has actual knowledge, or should 
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