Sec. 5. Imposition of sanctions with respect to beneficial owners of vessels on black list
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The President shall impose the sanctions described in subsection
(b)with respect to each foreign person that the President determines, on or after the date of the enactment of this Act, is the beneficial owner of a vessel identified on the black list under section 4. The sanctions to be imposed under subsection
(a)are the following: The exercise of all powers granted to the President by the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq. ) to the extent necessary to block and prohibit all transactions in all property and interests in property of a foreign person described in subsection (a), including, to the extent appropriate, the vessel of which the person is the beneficial owner, 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. A foreign person described in subsection
(a)is— inadmissible to the United States; ineligible to receive a visa or other documentation to enter the United States; and 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. ). The visa or other entry documentation of a foreign person described in subsection
(a)shall be revoked, regardless of when such visa or other entry documentation is or was issued. A revocation under clause
(i)shall, in accordance with section 221(i) of the Immigration and Nationality Act ( 8 U.S.C. 1201(i) )— take effect; and cancel any other valid visa or entry documentation that is in the person’s possession. The President may exercise all authorities provided under sections 203 and 205 of the International Emergency Economic Powers Act (50 U.S.C. 1702 and 1704) to carry out this section. A 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 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 that section. The President may waive the imposition of sanctions under this section with respect to a person if the President— determines that such a waiver is in the national interests of the United States; and submits to Congress a notification on the waiver and the reasons for the waiver. This section shall not apply with respect to activities subject to the reporting requirements under title V of the National Security Act of 1947 ( 50 U.S.C. 3091 et seq. ) or any authorized intelligence, law enforcement, or national security activities of the United States. Sanctions under subsection (b)(2) shall not apply with respect to the admission of an alien to the United States if such admission is necessary to comply with the obligations of the United States under 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 the Convention on Consular Relations, done at Vienna April 24, 1963, and entered into force March 19, 1967, or other international obligations. The President shall lift the sanctions imposed under this section with respect to a foreign person if the foreign person is no longer the beneficial owner of a vessel identified on the black list under section 4. In this section: The terms admission , admitted , alien , and lawfully admitted for permanent residence have the meanings given those terms in section 101 of the Immigration and Nationality Act ( 8 U.S.C. 1101 ). The term beneficial owner means, with respect to a vessel, a person that, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise— exercises substantial control over the vessel; or owns not less than 50 percent of the ownership interests in the vessel. The term foreign person means an individual or entity that is not a United States person. 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 any jurisdiction within the United States, including a foreign branch of such an entity.
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Sec. 5
Imposition of sanctions with respect to beneficial owners of vessels on black list
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