§9529 Sanctions described

Summary

The President may punish a person targeted under sections 9524(a)(2), 9525(b), 9526(a), or 9527(a) by using many kinds of penalties. The President can order the Export-Import Bank of the United States not to back or insure exports to that person. The President can stop U.S. export licenses or permissions under the Export Administration Act of 1979 (50 U.S.C. 4601 et seq.), the Arms Export Control Act (22 U.S.C. 2751 et seq.), the Atomic Energy Act of 1954 (42 U.S.C. 2011 et seq.), or any other law that requires U.S. government approval. The President can block U.S. banks from making loans or credits over $10,000,000 in any 12-month period unless the money is for relief of human suffering. The President can direct U.S. votes at international financial institutions to oppose loans for the person, bar U.S. government contracts with the person, restrict foreign-exchange dealings and transfers under U.S. jurisdiction, freeze or ban transactions in property under U.S. jurisdiction linked to the person, stop U.S. persons from buying significant amounts of the person’s stock or debt, deny visas and exclude certain foreign officers or owners, and apply these measures to the person’s top executives. If the target is a bank, the President may also block its status as a primary dealer or stop it from acting as a U.S. government agent or fund holder. "Sanctioned person" means someone who is subject to sanctions under sections 9524(a)(2), 9525(b), 9526(a), or 9527(a).