Page:United States Statutes at Large Volume 113 Part 3.djvu/111

 PUBLIC LAW 106-120—DEC. 3, 1999 113 STAT. 1629 Notice. (C) The President shall notify the Secretary of the Treasury Notification. of any determination made under this paragraph. (2) REVOCATION OF DETERMINATION. —<A) Whenever the President finds that a foreign person that has been publicly identified as a significant foreign narcotics trafficker in the report required under subsection (b) or this subsection no longer engages in those activities for which sanctions under this title may be applied, the President shall issue public notice of such a finding. (B) Not later than the date of the public notice issued pursuant to subparagraph (A), the President shall notify, in writing and in classified or unclassified form, the Permanent Select Committee on Intelligence, and the Committees on the Judiciary, International Relations, Armed Services, and Ways and Means of the House of Representatives, and the Select Committee on Intelligence, and the Committees on the Judiciary, Foreign Relations, Armed Ser/ices, and Finance of the Senate of actions taken under this paragraph and a description of the basis for such actions. Deadline. Notification. SEC. 805. BLOCKING ASSETS AND PROHIBITING IHANSACTIONS. (a) APPLICABILITY OF SANCTIONS.— A sig^nificant foreign narcotics trafficker publicly identified in the report required under subsection (b) or (h)(l) of section 804 and foreij^ persons designated by the Secretary of the Treasury pursuant to subsection (b) of this section shall be subject to any and all sanctions as authorized by this title. The application of sanctions on any foreign person pursuant to subsection (b) or (h)(1) of section 804 or subsection (b) of this section shall remain in effect until revoked pursuant to section 804(h)(2) or subsection (e)(l)(A) of this section or waived pursuant to section 804(g)(l). (b) BLOCKING OF ASSETS.— Except to the extent provided in regulations, orders, instructions, licenses, or directives issued pursuant to this title, and notwithstanding any contract entered into or any license or permit granted prior to the date on which the President submits the report required under subsection (b) or (h)(1) of section 804, there are blocked as of such date, and any date thereafter, all such property and interests in property within the United States, or within the possession or control of any United States person, which are owned or controlled by— (1) any significant foreign narcotics trafficker publicly identified by the President in the report, required under subsection (b) or (h)(1) of section 804; (2) any foreign person that the Secretary of the Treasury, in consultation with the Attorney General, the Director of Central Intelligence, the Director of the Federal Bureau of Investigation, the Administrator of the Drug Enforcement Administration, the Secretary of Defense, and the Secretary of State, designates as materially assisting in, or providing financial or technological support for or to, or providing goods or services in support of, the international narcotics trafficking activities of a significant foreign narcotics traffick€;r so identified in the report required under subsection (b) or (h)(1) of section 804, or foreign persons designated by the Secretary of the Treasury pursuant to this subsection; 21 USC 1904.

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