Sec. 201. Sanctions with respect to Central Bank of Syria and foreign persons that engage in certain transactions
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The President shall apply the measures described in section 5318A(b)(5) of title 31, United States Code, to the Central Bank of Syria. On and after the date that is 90 days after the date of the enactment of this Act, the President shall impose on a foreign person the sanctions described in subsection
(c)if the foreign person has knowingly engaged in an activity described in paragraph (2). A foreign person engages in an activity described in this paragraph if the foreign person— knowingly provides significant financial, material, or technological support to (including engaging in or facilitating a significant transaction or transactions with) or provides significant financial services for— the Government of Syria (including government entities operating as a business enterprise) and the Central Bank of Syria, including Syria’s intelligence and security services or its armed forces, or any of its agents or affiliates; or a foreign person subject to financial sanctions pursuant to— the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq. ) with respect to Syria or any other provision of law that imposes sanctions with respect to Syria; or a resolution that is agreed to by the United Nations Security Council that imposes sanctions with respect to Syria; knowingly— sells or provides significant goods, services, technology, information, or support that could directly and significantly facilitate the maintenance or expansion of Syria’s domestic production of natural gas or petroleum or petroleum products of Syrian origin; sells or provides to Syria crude oil or condensate, refined petroleum products, liquefied natural gas, or petrochemical products that have a fair market value of $500,000 or more or that during a 12-month period have an aggregate fair market value of $2,000,000 or more; sells or otherwise provides civilian aircraft or spare parts, or provides significant goods, services, or technologies associated with the operation of aircraft or airlines to any foreign person operating in the areas controlled by the Government of Syria; or sells or otherwise provides significant goods, services, or technology to a foreign person operating in the shipping (including ports and free trade zones), transportation, or telecommunications sectors in areas controlled by the Government of Syria; knowingly engages in money laundering to carry out an activity described in subparagraph
(A)or (B); knowingly facilitates efforts by a foreign person to carry out an activity described in subparagraph
(A)or (B); knowingly provides loans, credits (including export credits), or financing to carry out an activity described in subparagraph
(A)or (B); and is owned or controlled by a foreign person that engages in the activities described in subparagraphs
(A)through (D). The sanctions to be imposed on a foreign person described in subsection
(b)are the following: 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 freeze and prohibit all transactions in all property and interests in property of the foreign 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. If the foreign person is an individual, the Secretary of State shall deny a visa to, and the Secretary of Homeland Security shall exclude from the United States, the foreign person. The issuing consular officer, the Secretary of State, or the Secretary of Homeland Security (or a designee of one of such Secretaries) shall revoke any visa or other entry documentation issued to the foreign person regardless of when issued. A revocation under subclause
(I)shall take effect immediately and shall automatically cancel any other valid visa or entry documentation that is in the possession of the foreign person. Sanctions under paragraph (1)(B) shall not apply to a foreign person if admitting the person 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 Success June 26, 1947, and entered into force November 21, 1947, between the United Nations and the United States, or other applicable international obligations. The penalties provided for in subsections
(b)and
(c)of section 206 of the International Emergency Economic Powers Act ( 50 U.S.C. 1705 ) shall apply to a person that knowingly violates, attempts to violate, conspires to violate, or causes a violation of any regulation, license, or order issued to carry out paragraph (1)(A) of this subsection to the same extent that such penalties apply to a person that knowingly commits an unlawful act described in section 206(a) of that Act. In this section: The term financial, material, or technological support has the meaning given such term in section 542.304 of title 31, Code of Federal Regulations (or any corresponding similar regulation or ruling). The term Government of Syria has the meaning given such term in section 542.305 of title 31, Code of Federal Regulations (or any corresponding similar regulation or ruling). The term knowingly , with respect to conduct, a circumstance, or a result, means that a person has actual knowledge, or should have known, of the conduct, the circumstance, or the result. The term money laundering means the movement of illicit cash or cash equivalent proceeds into, out of, or through a country, or into, out of, or through a financial institution. The term petroleum or petroleum products of Syrian origin has the meaning given such term in section 542.314 of title 31, Code of Federal Regulations (or any corresponding similar regulation or ruling). A transaction or transactions or financial services shall be determined to be significant for purposes of this section in accordance with section 566.404 of title 31, Code of Federal Regulations (or any corresponding similar regulation or ruling). The term Syria has the meaning given such term in section 542.316 of title 31, Code of Federal Regulations (or any corresponding similar regulation or ruling).
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Sec. 201
Sanctions with respect to Central Bank of Syria and foreign persons that engage in certain transactions
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