Sec. 215. Financial measures
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The President, acting through the Secretary of the Treasury, 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 a foreign person that is on the list required under section 213(a), including any update thereto, of this Act if such property or interests in property are in the United States, are or come within the United States, or are or come within the possession or control of a United States person. Paragraph
(1)shall apply to aliens who are officials of, agents or instrumentalities of, working or acting on behalf of, or otherwise associated with a foreign entity or foreign government that is a foreign person included on the list required under section 213(a), including any update thereto, if the Director of National Intelligence determines that such aliens have knowingly authorized, conspired to commit, been responsible for, engaged in, or otherwise assisted or facilitated the actions described in such section 213(a). The Secretary of the Treasury may waive the application of subsection
(a)if— the Secretary determines that such a waiver is in the national security interests of the United States; and not less than 15 days prior to granting such a waiver, the Secretary provides to the appropriate congressional committees notice of, and a justification for, such waiver. A foreign person that violates, attempts to violate, conspires to violate, or causes a violation of this section or any regulation, license, or order issued to carry out this section shall be subject to the penalties specified 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. Paragraph
(1)shall apply to aliens who are officials of, agents or instrumentalities of, working or acting on behalf of, or otherwise associated with a foreign entity or foreign government that is a foreign person included on the list required under section 213(a), including any update thereto, if the Director of National Intelligence determines that such aliens have knowingly authorized, conspired to commit, been responsible for, engaged in, or otherwise assisted or facilitated the actions described in such section 213(a). Not later than 120 days after the date of the enactment of this Act, the President, acting through the Secretary of the Treasury, shall prescribe or amend regulations as needed to require each financial institution that is a United States person and has within its possession or control assets that are property or interests in property of a foreign person that is on the list required under section 213(a), including any update thereto, if such property or interests in property are in the United States, are or come within the United States, or are or come within the possession or control of a United States person, to certify to the Secretary that, to the best of the knowledge of such financial institution, such financial institution has frozen all assets within the possession or control of such financial institution that are required to be frozen pursuant to subsection
(a)of this section. The President, acting through the Secretary of the Treasury, shall issue such regulations, licenses, and orders as are necessary to carry out this section.
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