Sec. 4. Imposition of sanctions with respect to foreign persons involved in global illicit drug trade
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The President may impose any of the sanctions described in subsection
(b)with respect to any foreign person determined by the President— to have engaged in, or attempted to engage in, activities or transactions that have materially contributed to, or pose a significant risk of materially contributing to, the international trafficking of illicit drugs or their means of production; to have knowingly received any property or interest in property that the foreign person knows— constitutes or is derived from proceeds of activities or transactions described in paragraph (1); or was used or intended to be used to commit or to facilitate such activities or transactions; to have provided, or attempted to provide, financial, material, or technological support for, or goods or services in support of— any activity or transaction described in paragraph (1); or any sanctioned person; to be a leader or official of any sanctioned person or of any foreign person that has engaged in any activity or transaction described in paragraph (1); or to be owned, controlled, or directed by, or to have acted or purported to act for or on behalf of, directly or indirectly, any sanctioned person. The sanctions described in this subsection are the following: The President may, pursuant to the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq. ), block and prohibit all transactions in property and interests in property of the sanctioned 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. The President may prohibit any transfers of credit or payments between financial institutions or by, through, or to any financial institution, to the extent that such transfers or payments are subject to the jurisdiction of the United States and involve any interest of the sanctioned person. The President may prohibit any United States financial institution from making loans or providing credit to the sanctioned person. The President may prohibit any transactions in foreign exchange that are subject to the jurisdiction of the United States and in which the sanctioned person has any interest. The President may prohibit any United States person from investing in or purchasing significant amounts of equity or debt instruments of the sanctioned person. The President may direct that the following prohibitions be imposed with respect to a sanctioned person that is a financial institution: Neither the Board of Governors of the Federal Reserve System nor the Federal Reserve Bank of New York may designate, or permit the continuation of any prior designation of, the financial institution as a primary dealer in United States Government debt instruments. The financial institution may not serve as agent of the United States Government or serve as repository for United States Government funds. The President may direct that the United States Government may not procure, or enter into any contract for the procurement of, any goods or services from the sanctioned person. 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 leader, official, senior executive officer, or director of, or a shareholder with a controlling interest in, the sanctioned person. The President may impose on the principal executive officer or officers of the sanctioned person, or on individuals performing similar functions and with similar authorities as such officer or officers, any of the sanctions described in paragraphs
(1)through
(8)that are applicable. Except as provided by paragraph (3), an alien with respect to whom the President imposed sanctions under paragraph
(1)or
(8)of subsection
(b)shall be— 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 any alien described in paragraph
(1)is subject to revocation regardless of the date on which the visa or other entry documentation is or was issued. A revocation under subparagraph
(A)shall— take effect immediately; and cancel any other valid visa or entry documentation that is in the possession of the alien. Paragraphs
(1)and
(2)shall not apply with respect to the admission of an alien described in paragraph
(1)if the President determines that the admission of the alien would not be contrary to the interests of the United States, including if the Secretary of State or the Secretary of Homeland Security, as appropriate, determines, based on a recommendation of the Attorney General, that the admission of the alien would further important United States law enforcement objectives. 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. The authorities and requirements to impose sanctions authorized under this Act shall not include the authority or a requirement to impose sanctions on the importation of goods. In this paragraph, the term good means any article, natural or manmade substance, material, supply or manufactured product, including inspection and test equipment, and excluding technical data. In this section: The terms admission , admitted , alien , lawfully admitted for permanent residence , and national have the meanings given those terms in section 101 of the Immigration and Nationality Act ( 8 U.S.C. 1101 ). The term entity means a partnership, association, trust, joint venture, corporation, group, subgroup, or other organization. The term financial institution includes— a depository institution (as defined in section 3(c)(1) of the Federal Deposit Insurance Act ( 12 U.S.C. 1813(c)(1) )), including a branch or agency of a foreign bank (as defined in section 1(b)(7) of the International Banking Act of 1978 ( 12 U.S.C. 3101(7) )); a credit union; a securities firm, including a broker or dealer; an insurance company, including an agency or underwriter; and any other entity that provides financial services. The terms knowingly and knows , 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 terms means of production includes any activities or transactions involving any equipment, chemical, product, or material that may be used, directly or indirectly, in the manufacture of illicit drugs or precursor chemicals. The term person means an individual or entity. The term proliferation of illicit drugs means any illicit activity to produce, manufacture, distribute, sell, or knowingly finance or transport narcotic drugs, controlled substances, listed chemicals, or controlled substance analogues, as defined in section 102 of the Controlled Substances Act ( 21 U.S.C. 802 ). The term sanctioned person means any person with respect to which sanctions are imposed under this section. The term United States financial institution means a financial institution (including its foreign branches)— organized under the laws of the United States or of any jurisdiction within the United States; or located in the United States.
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Sec. 4
Imposition of sanctions with respect to foreign persons involved in global illicit drug trade
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