Imposition of sanctions with respect to persons that sell, lease, or provide goods or services relating to the defense industrial base of the Russian Federation

(a) 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, in consultation with the Secretary of the Treasury, shall submit to the appropriate congressional committees a report that identifies, for the period covered by the report each foreign person that the Secretary of State, in consultation with the Secretary of the Treasury and the Secretary of Commerce, determines has knowingly— (1) sold, leased, provided, or facilitated selling, leasing, or providing goods or services relating to the defense industrial base of the Russian Federation, including— (A) computer numerical control (CNC) tools and associated machinery, software, and maintenance or upgrade services; (B) lubricant additives; (C) semiconductors and associated manufacturing equipment; (D) items on the Common High Priority Items List maintained by the Bureau of Industry and Security of the Department of Commerce; (E) nitrocellulose, wood cellulose, and associated additives and components necessary for the production of propellant or energetics for munitions; (F) fiber optic cables with military applications and associated technologies needed to manufacture such cables; (G) advanced sensors; and (H) any additional items identified by the Secretary of State, in consultation with the Secretary of Commerce, that are critical to the defense industrial base of the Russian Federation; or (2) facilitated deceptive or structured transactions to provide the goods and services described by paragraph (1). (b) Ineligibility for visas, admission, or parole of identified persons and corporate officers (1) In general (A) Visas, admission, or parole An alien described in paragraph (2) shall be— (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 receive any other benefit under the Immigration and Nationality Act (8. U.S.C. 1101 et seq.). (B) Current visas revoked (i) In general The visa or other entry documentation of an alien described in paragraph (2) shall be revoked, regardless of when such visa or other entry documentation is or was issued. (ii) Immediate effect A revocation under clause (i) shall— (I) take effect immediately; and (II) automatically cancel any other valid visa or entry documentation that is in the possession of the alien. (2) Aliens described An alien described in this paragraph is an alien who is— (A) identified in a report required by subsection (a); (B) a corporate officer of a foreign entity identified in that report; or (C) a principal shareholder with a controlling interest in a foreign entity described in subparagraph (A). (c) Blocking of property of identified persons The President shall exercise all powers granted to the President by the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) to the extent necessary to block and prohibit all transactions in all property and interests in property of any person identified in a report required by subsection (a) 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. (d) Wind-Down period The President may not impose sanctions under this section with respect to a person identified in the first report submitted pursuant to subsection (a) if the President certifies in such report that the person has, not later than 30 days after the date of the enactment of this Act, engaged in good faith efforts to wind down operations that would otherwise subject the person to the imposition of sanctions under this section.