Sec. 404. Enforcement of United Nations sanctions with respect to crude oil and refined petroleum products
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Title II of the North Korea Sanctions and Policy Enhancement Act of 2016 ( 22 U.S.C. 9221 et seq.) is amended by inserting the following: The President shall impose one or more of the sanctions described in subsection
(c)on a person described in subsection (b). A person described in this subsection is a person that— the President determines knowingly, on or after the date of the enactment of the Leverage to Enhance Effective Diplomacy Act of 2019 , directly or indirectly, supplies, sells, or transfers crude oil to any entity or instrumentality of the Government of North Korea or any person representing that government; and is organized under the laws of a jurisdiction that the President determines to have exported more than the aggregate amount of 4,000,000 barrels of crude oil during any 12-month period to North Korea. The sanctions described in this subsection are the following: The President may block and prohibit all transactions in all property and interests in property of a person described in subsection
(b)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. The President may, pursuant to such regulations or guidelines as the President may prescribe, prohibit any United States person from investing in or purchasing significant amounts of equity or debt instruments of the person described in subsection (b). The President may direct the Secretary of State to deny a visa to, and the Secretary of Homeland Security to exclude from the United States, any alien that the President determines is a corporate officer or principal of, or a shareholder with a controlling interest in, the person described in subsection (b). The President may impose on the principal executive officer or officers of the person described in subsection (b), or on persons performing similar functions and with similar authorities as such officer or officers, any of the sanctions under this subsection. The President may waive the application of sanctions under subsection
(a)if the President certifies to Congress that the jurisdiction described in subsection (b)(2) is applying appropriate effort to— fulfill its obligation under international law to prohibit its nationals, individuals otherwise subject to its jurisdiction, entities incorporated in its territory or subject to its jurisdiction, and vessels flying its flag from facilitating or engaging in ship-to-ship transfers to or from North Korea-flagged vessels of any goods or items that are being supplied, sold, or transferred to or from North Korea, including refined petroleum products and coal; and reduce, towards the limit established by the United Nations Security Council, the aggregate amount of crude oil exported from or re-exported through the jurisdiction to North Korea. The President may waive the application of sanctions under subsection
(a)if the President certifies to Congress that the waiver is important to the national security interest of the United States. If the President waives the application of sanctions under paragraph
(1)or (2), the President shall brief the following committees on the waiver: The Committee on Banking, Housing, and Urban Affairs and the Committee on Foreign Relations of the Senate. The Committee on Financial Services and the Committee on Foreign Affairs of the House of Representatives. In this section, the term United States person means— a United States citizen or an alien lawfully admitted for permanent residence to the United States; or an entity organized under the laws of the United States or of any jurisdiction within the United States, including a foreign branch of such an entity. . The table of contents for the North Korea Sanctions and Policy Enhancement Act of 2016 is amended by inserting after the item relating to section 211 the following: Sec. 212. Enforcement of United Nations sanctions with respect to crude oil and refined petroleum products. .
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Sec. 404
Enforcement of United Nations sanctions with respect to crude oil and refined petroleum products
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