Implementation; penalties

(a) Implementation The President may exercise all authorities provided under sections 203 and 205 of the International Emergency Economic Powers Act (50 U.S.C. 1702 and 1704) to carry out this Act. (b) Penalties A person that violates, attempts to violate, conspires to violate, or causes a violation of this Act or any regulation, license, order, directive, or prohibition issued to carry out this Act shall be subject to the penalties set forth in subsections (b) and (c) of section 206 of the International Emergency Economic Powers Act (50 U.S.C. 1705) to the same extent as a person that commits an unlawful act described in subsection (a) of that section. (c) Administrative authorities The President may— (1) issue such regulations, licenses, orders, and guidance as may be necessary to carry out this Act; and (2) delegate to the head of an appropriate Federal agency any authority necessary to carry out this Act. (d) Regulations Not later than 90 days after the date of enactment of this Act, the President shall prescribe regulations to carry out this Act.