Sec. 4. Regulating person or jurisdiction of concern-connected covered ICTS transactions
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The Secretary may determine that, for certain classes of covered ICTS transactions, an ICTS transaction review described under section 3 may not effectively address undue or unacceptable risks and may promulgate regulations that do the following: Identify particular covered ICTS transactions and person or jurisdiction of concern which warrant particular scrutiny for undue or unacceptable risk. Establish mitigation measures to address undue or unacceptable risk, to include prohibitions related to entities of concern or for classes of covered ICTS transactions.
Establish criteria by which particular covered ICTS transactions or particular classes of participants in the covered ICTS transaction supply chain may be recognized as categorically included in or as categorically excluded from mitigation measures or prohibitions. Establish particular classes of covered ICTS transactions or parties to transactions that must abide by certain prohibitions or mitigation measures. Establish procedures to authorize or license transactions otherwise prohibited pursuant to a regulation promulgated under this section.
Any other rule the Secretary determines to be appropriate. The promulgation of any regulation under subsection
(a)does not preclude the Secretary from initiating a review of any covered ICTS transaction, including a covered ICTS transaction that belongs to an identified category under this section.