§9529 Sanctions Described

Summary

The President may impose a range of penalties on a person who is targeted under certain U.S. sanction laws. The President can stop the Export‑Import Bank from supporting exports to that person, block U.S. government export licenses under major export, arms, and nuclear laws (including the Export Administration Act of 1979, the Arms Export Control Act, and the Atomic Energy Act of 1954), and stop U.S. banks from making loans over $10,000,000 to the person in any 12‑month period unless the money is for humanitarian relief. The President can also tell U.S. directors at international financial institutions to oppose loans that would help the person. If the person is a bank, the government can bar it from being a primary dealer in U.S. government debt and from holding U.S. government funds (each ban counts separately). Other possible penalties include stopping the U.S. government from buying goods or services from the person; blocking foreign‑exchange or bank transfers under U.S. jurisdiction that involve the person; banning deals in property under U.S. control that the person has an interest in; prohibiting U.S. persons from buying large amounts of the person’s stock or debt; denying visas and excluding corporate officers or controlling shareholders; and applying any of these penalties to the person’s top executives or similar officials. Sanctioned person: someone subject to penalties under sections 9524(a)(2), 9525(b), 9526(a), or 9527(a).