,,ii #aah? ,,congress #b;d ,session ,s4 #dheh ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,july #cj1 #bjbd,mr4 ,rubio introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to require ! imposition ( sanctions ) respect to f9ancial in/itutions ( c\ntries ( conc]n t cle>1 v]ify1 or settle transactions ) o!r f9ancial in/itutions ( su* c\ntries4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,sanctions ,evasion ,prev5tion ,& ,mitigation ,act ( #bjbd or ! ,,sepam ,act ( #bjbd4 #b4 ,imposition ( sanctions ) respect to c]ta9 f9ancial in/itutions ( c\ntries ( conc]n 7a7 ,9 g5]al ,! ,presid5t %all impose "o or m ( ! sanctions describ$ 9 subsection 7b7 ) respect to ea* cov]$ f9ancial in/itution t uses ! ,cross-,bord] ,int]bank ,paym5t ,sy/em 7commonly ref]r$ to z ,,cips71 ! ,sy/em = ,transf] ( ,f9ancial ,messages 7commonly ref]r$ to z ,,spfs71 or ! ,sy/em = ,electronic ,paym5t ,messag+ 7commonly ref]r$ to z ,,sepam7 to cle>1 v]ify1 settle1 or o!rwise conduct transactions ) any o!r cov]$ f9ancial in/itution4 7b7 ,sanctions describ$ ,! sanctions describ$ 9 ?is subsection are ! foll[+3 7#a7 ,prop]ty block+ ,! ex]cise ( ex]cise all ( ! p[]s grant$ by ! ,int]national ,em]g5cy ,economic ,p[]s ,act 7#ej ,u4,s4,c4 #agja et seq47 to ! ext5t necess>y to block & prohibit all transactions 9 all prop]ty & int]e/s 9 prop]ty ( a cov]$ f9ancial in/itution subject to subsection 7a7 if su* prop]ty & int]e/s 9 prop]ty are 9 ! ,unit$ ,/ates1 come )9 ! ,unit$ ,/ates1 or are or come )9 ! possession or control ( a ,unit$ ,/ates p]son4 7#b7 ,re/rictions on correspond5t & payable-?r\gh acc\nts ,a prohibition on ! op5+ or ma9ta9+ 9 ! ,unit$ ,/ates ( a correspond5t acc\nt or a payable-?r\gh acc\nt by a cov]$ f9ancial in/itution subject to subsection 7a74 7#c7 ,executive (fic]s inadmissible = visas1 admission1 or p>ole 7,a7 ,visas1 admission1 or p>ole ,an executive (fic] ( a cov]$ f9ancial in/itution subject to subsection 7a7 :o is an ali5 is-- 7i7 inadmissible to ! ,unit$ ,/ates2 7ii7 ineligible to receive a visa or o!r docum5tation to ent] ! ,unit$ ,/ates2 & 7iii7 o!rwise ineligible to be admitt$ or p>ol$ into ! ,unit$ ,/ates or to receive any o!r b5efit "u ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaja et seq474 7,b7 ,curr5t visas revok$ 7i7 ,9 g5]al ,! visa or o!r entry docum5tation ( an ali5 describ$ 9 subp>agraph 7,a7 %all be revok$1 reg>dless ( :5 su* visa or o!r entry docum5tation 0 issu$4 7ii7 ,imm$iate effect ,a revocation "u clause 7i7 %all-- 7,i7 take effect imm$iately2 & 7,,ii7 automatically cancel any o!r valid visa or entry docum5tation t is 9 ! ali5's possession4 7c7 ,exceptions 7#a7 ,exception = intellig5ce activities ,?is section %all n apply ) respect to activities subject to ! report+ requirem5ts "u title ,v ( ! ,national ,security ,act ( #aidg 7#ej ,u4,s4,c4 #cjia et seq47 or any au?oriz$ intellig5ce activities ( ! ,unit$ ,/ates4 7#b7 ,compliance ) unit$ nations headqu>t]s agreem5t ,subsection 7b77#c7 %all n apply ) respect to ! admission ( an ali5 to ! ,unit$ ,/ates if su* admission is necess>y to p]mit ! ,unit$ ,/ates to comply ) ! ,agreem5t reg>d+ ! ,headqu>t]s ( ! ,unit$ ,nations1 sign$ at ,lake ,success1 ,june #bf1 #aidg1 & ent]$ into =ce1 ,novemb] #ba1 #aidg1 betwe5 ! ,unit$ ,nations & ! ,unit$ ,/ates4 7#c7 ,exception relat+ to importation ( goods 7,a7 ,9 g5]al ,! au?ority to block & prohibit all transactions 9 all prop]ty & int]e/s 9 prop]ty "u subsection 7b77#a7 %all n include ! au?ority or a requirem5t to impose sanctions on ! importation ( goods4 7,b7 ,good ,9 ?is p>agraph1 ! t]m good means any article1 natural or manmade sub/ance1 mat]ial1 supply or manufactur$ product1 includ+ inspection & te/ equipm5t1 & exclud+ te*nical data4 7d7 ,implem5tation2 p5alties 7#a7 ,implem5tation ,! ,presid5t may ex]cise all au?orities provid$ "u sections #bjc & #bje ( ! ,int]national ,em]g5cy ,economic ,p[]s ,act 7#ej ,u4,s4,c4 #agjb & #agjd7 to c>ry out ?is section4 7#b7 ,p5alties ,a p]son t violates1 attempts to violate1 conspires to violate1 or causes a violation ( ?is section or any regulation1 lic5se1 or ord] issu$ to c>ry out ?is section %all be subject to ! p5alties set =? 9 subsections 7b7 & 7c7 ( section #bjf ( ! ,int]national ,em]g5cy ,economic ,p[]s ,act 7#ej ,u4,s4,c4 #agje7 to ! same ext5t z a p]son t commits an unlawful act describ$ 9 subsection 7a7 ( t section4 7e7 ,delegation ,n lat] ?an #ij days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,presid5t %all-- 7#a7 make a det]m9ation ) respect to if & h[ ! ,presid5t w delegate ! requirem5ts & au?orities "u ?is section2 & 7#b7 notify ! appropriate congressional committees ( t det]m9ation4 7f7 ,regulations ,n lat] ?an #ij days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,presid5t %all prescribe su* regulations z are necess>y to c>ry out ?is section4 7g7 ,report requir$ 7#a7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,presid5t %all submit to ! appropriate congressional committees a report-- 7,a7 describ+ ! scope & usage ( ,,cips1 ,,spfs1 or ,,sepam ar\nd ! _w1 includ+ usage rates by c\ntry2 7,b7 assess+ ! risks t widespread adoption ( ,,cips1 ,,spfs1 or ,,sepam poses to ! national security ( ! ,unit$ ,/ates2 7,c7 assess+ ! ability ( ,,cips1 ,,spfs1 & ,,sepam 9 help+ c\ntries ( conc]n circumv5t ,unit$ ,/ates & int]national sanctions2 & 7,d7 mak+ recomm5dations to fur!r pres]ve & /r5g!n ! influ5ce ( ! ,unit$ ,/ates 9 ! global f9ancial sy/em4 7#b7 ,=m ,ea* report requir$ by p>agraph 7#a7 %all be submitt$ 9 unclassifi$ =m b may include a classifi$ annex4 7h7 ,def9itions ,9 ?is section3 7#a7 ,acc\nt2 correspond5t acc\nt2 payable-?r\gh acc\nt ,! t]ms acc\nt1 correspond5t acc\nt1 & payable-?r\gh acc\nt h ! mean+s giv5 ^? t]ms 9 section #ecah;,a ( title #ca1 ,unit$ ,/ates ,code4 7#b7 ,admission2 admitt$2 ali5 ,! t]ms admission1 admitt$1 & ali5 h ! mean+s giv5 ^? t]ms 9 section #aja ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaja74 7#c7 ,appropriate congressional committees ,! t]m appropriate congressional committees means-- 7,a7 ! ,committee on ,=eign ,relations1 ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs1 & ! ,select ,committee on ,intellig5ce ( ! ,s5ate2 & 7,b7 ! ,committee on ,=eign ,affairs1 ! ,committee on ,f9ancial ,s]vices1 & ! ,p]man5t ,select ,committee on ,intellig5ce ( ! ,h\se ( ,repres5tatives4 7#d7 ,cov]$ f9ancial in/itution ,! t]m cov]$ f9ancial in/itution means a f9ancial in/itution-- 7,a7 locat$ 9-- 7i7 a c\ntry ( conc]n2 or 7ii7 t]ritory controll$ by an entity hold+ itself out to be ! gov]nm5t ( ! ,republic ( ,s\? ,ossetia1 ! ,/ate ( ,alania1 ! ,donetsk ,p's ,republic1 ! ,luhansk ,p's ,republic1 ! ,republic ( ,abkhazia1 or ! ,pridne/rovian ,moldavian ,republic2 7,b7 organiz$ "u ! laws ( a c\ntry ( conc]n1 any jurisdiction )9 a c\ntry ( conc]n1 or an entity describ$ 9 subp>agraph 7,a77ii71 includ+ a =eign bran* ( su* an in/itution2 7,c7 :]ev] locat$1 own$ or controll$ by ! gov]nm5t ( a c\ntry ( conc]n or an entity describ$ 9 subp>agraph 7,a77ii72 or 7,d7 :]ev] locat$1 own$ or controll$ by a f9ancial in/itution describ$ 9 subp>agraph 7,a71 7,b71 or 7,c74 7#e7 ,c\ntry ( conc]n ,! t]m c\ntry ( conc]n-- 7,a7 has ! mean+ giv5 ! t]m =eign adv]s>y 9 section #h7;c77#b7 ( ! ,secure & ,tru/$ ,communications ,networks ,act ( #bjai 7#dg ,u4,s4,c4 #afjg7;c77#b772 & 7,b7 includes-- 7i7 ! ,p's ,republic ( ,*9a 7includ+ ! ,special ,adm9i/rative ,regions ( ,*9a1 includ+ ,hong ,kong & ,macau72 7ii7 ! ,russian ,f$]ation2 7iii7 ,iran2 7iv7 ,nor? ,korea2 7v7 ,cuba2 & 7vi7 ,v5ezuela "u ! regime ( ,nicols ,maduro4 7#f7 ,f9ancial in/itution ,! t]m f9ancial in/itution means a f9ancial in/itution specifi$ 9 subp>agraph 7,a71 7,b71 7,c71 7,d71 7,e71 7,f71 7,g71 7,h71 7,i71 7,j71 7,m71 or 7,y7 ( section #ecab7;a77#b7 ( title #ca1 ,unit$ ,/ates ,code4