Imposition of sanctions

(a) In general The President shall impose sanctions under subsections (b) and (c) with respect to each covered person included in the list required by section 5(a)(1). (b) Diplomatic sanctions (1) In general A covered person included in the list required by section 5(a)(1) is— (A) inadmissible to the United States; (B) ineligible for a visa or other documentation to enter the United States; and (C) 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.). (2) Visa and other entry documentation revocation (A) In general The issuing consular officer, the Secretary of State, or the Secretary of Homeland Security (or a designee of one of such Secretaries) shall, in accordance with section 221(i) of the Immigration and Nationality Act (8 U.S.C. 1201(i)), revoke any visa or other entry documentation issued to any covered person included in the list required by section 5(a)(1), regardless of when the visa or other entry documentation was issued. (B) Immediate effect The revocation of a visa or other entry documentation under subparagraph (A) shall— (i) take effect immediately; and (ii) automatically cancel any other valid visa or entry documentation that is in the possession of the covered person. (3) Exception to comply with international obligations (A) In general The Secretary of State may issue a visa otherwise prohibited under paragraph (1) or not revoke a visa otherwise required to be revoked under paragraph (2) if the Secretary determines that doing so is necessary— (i) to enable the President to receive an ambassador or other public minister under section 3 of article II of the Constitution of the United States in a manner consistent with the Vienna Conventions; or (ii) to permit the United States to comply with the Agreement regarding the Headquarters of the United Nations, signed at Lake Success June 26, 1947, and entered into force November 21, 1947, between the United Nations and the United States, or with any other applicable international obligations. (B) Limits on exceptional visas A visa issued pursuant to subparagraph (A) shall be strictly limited in scope and duration to the minimum required for the purpose for which the visa is issued. (c) Financial sanctions (1) Blocking of property The President shall exercise all powers granted 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 necessary to block and prohibit all transactions in all property and interests in property of a covered person included in the list required by section 5(a)(1) 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) Exceptions (A) National security Sanctions under paragraph (1) shall not apply to a covered person if the President determines that not applying the sanctions with respect to the person is vital for the national security interests of the United States. (B) Humanitarian assistance Sanctions under paragraph (1) may not be imposed with respect to a transaction or the facilitation of a transaction for the provision of humanitarian assistance to protected persons, including a transaction relating to— (i) the delivery and distribution of humanitarian assistance to protected persons; or (ii) transporting goods or services that are necessary to carry out the delivery and distribution of humanitarian assistance to protected persons. (C) Relating to importation of goods (i) In general The authorities and requirements to impose sanctions under this Act shall not include the authority or a requirement to impose sanctions on the importation of goods. (ii) Good defined In this clause, the term good means any article, natural or manmade substance, material, supply or manufactured product, including inspection and test equipment, and excluding technical data. (3) Enforcement (A) Penalties A person that violates, attempts to violate, conspires to violate, or causes a violation of paragraph (1) or any regulation, license, or order issued to carry out that paragraph 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 such section. (B) Requirements for financial institutions Not later than 120 days after the date of the enactment of this Act, the Secretary of the Treasury shall prescribe or amend regulations to require each financial institution that is a United States person and has within its possession or control property or interests in property of a covered person included in the list required by section 5(a)(1) to certify to the Secretary that, to the best of the knowledge of the financial institution, the financial institution has blocked all such property and interests in property. (C) Regulatory authority The Secretary of the Treasury shall issue such regulations, licenses, and orders as are necessary to carry out this subsection.