§ 103. SANCTIONS AGAINST CERTAIN AGENCIES AND INSTRUMENTALITIES OF FOREIGN STATES.
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Sanctions.— In general .— Not later than 180 days after the date of the enactment of the Hizballah International Financing Prevention Amendments Act of 2018 [ Oct. 25, 2018 ], and as appropriate thereafter, the President shall impose the sanctions described in paragraph
(3)with respect to an agency or instrumentality of a foreign state described in paragraph (2). Agency or instrumentality of a foreign state described .— An agency or instrumentality of a foreign state is described in this paragraph if the President determines that the agency or instrumentality has, on or after the date of the enactment of the Hizballah International Financing Prevention Amendments Act of 2018, knowingly— conducted significant joint combat operations with, or significantly supported combat operations of, Hizballah; or provided significant financial support for or to, or significant arms or related materiel to, Hizballah. Sanctions described .— The sanctions described in this paragraph are the exercise of all powers granted to the President 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 block and prohibit all transactions in all property and interests in property of an agency or instrumentality of a foreign state 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. Waiver.— In general .— The President may, for periods not to exceed 180 days, waive the imposition of sanctions under this section with respect to an agency or instrumentality of a foreign state if the President certifies to the appropriate congressional committees that such waiver is vital to the national security interests of the United States. Briefing .— Not later than 30 days after the issuance of a waiver under paragraph
(1)with respect to an agency or instrumentality of a foreign state, and every 180 days thereafter while the waiver remains in effect, the President shall brief the appropriate congressional committees on the status of the involvement of the agency or instrumentality in activities described in subsection (a)(2). Special Rule .— The President shall not be required to impose sanctions under this section with respect to an agency or instrumentality of a foreign state if the Secretary certifies in writing to the appropriate congressional committees that— the agency or instrumentality— is no longer engaging in activities described in subsection (a)(2); or has taken and is continuing to take significant verifiable steps toward terminating such activities; and the President has received reliable assurances from the government of the foreign state that the agency or instrumentality will not engage in any activity described in subsection (a)(2) in the future. Definitions .— In this section: Agency or instrumentality of a foreign state .— The term ‘agency or instrumentality of a foreign state’ has the meaning given the term in section 1603(b) of title 28 , United States Code. Appropriate congressional committees .— The term ‘appropriate congressional committees’ means— the Committee on Foreign Affairs, the Committee on Financial Services, the Committee on Ways and Means, the Committee on the Judiciary, the Committee on Appropriations, and the Permanent Select Committee on Intelligence of the House of Representatives; and the Committee on Foreign Relations, the Committee on Banking, Housing, and Urban Affairs, the Committee on the Judiciary, Committee on Finance, Committee on Appropriations, and the Select Committee on Intelligence of the Senate. Arms or related materiel .— The term ‘arms or related materiel’ means— nuclear, biological, chemical, or radiological weapons or materials or components of such weapons; ballistic or cruise missile weapons or materials or components of such weapons; and destabilizing numbers and types of advanced conventional weapons. Hizballah .— The term ‘Hizballah’ has the meaning given such term in section 102(e). United states person .— The term ‘United States person’ has the meaning given such term in section 101(d).
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§ 103
SANCTIONS AGAINST CERTAIN AGENCIES AND INSTRUMENTALITIES OF FOREIGN STATES.
U.S.C.×1
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