[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 1612 Enrolled Bill (ENR)]

        S.1612

                       One Hundred Tenth Congress

                                 of the

                        United States of America


                          AT THE FIRST SESSION

          Begun and held at the City of Washington on Thursday,
            the fourth day of January, two thousand and seven


                                 An Act


 
To amend the penalty provisions in the International Emergency Economic 
                   Powers Act, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``International Emergency Economic 
Powers Enhancement Act''.

SEC. 2. INCREASED PENALTIES FOR VIOLATIONS OF IEEPA.

    (a) In General.--Section 206 of the International Emergency 
Economic Powers Act (50 U.S.C. 1705) is amended to read as follows:

``SEC. 206. PENALTIES.

    ``(a) Unlawful Acts.--It shall be unlawful for a person to violate, 
attempt to violate, conspire to violate, or cause a violation of any 
license, order, regulation, or prohibition issued under this title.
    ``(b) Civil Penalty.--A civil penalty may be imposed on any person 
who commits an unlawful act described in subsection (a) in an amount 
not to exceed the greater of--
        ``(1) $250,000; or
        ``(2) an amount that is twice the amount of the transaction 
    that is the basis of the violation with respect to which the 
    penalty is imposed.
    ``(c) Criminal Penalty.--A person who willfully commits, willfully 
attempts to commit, or willfully conspires to commit, or aids or abets 
in the commission of, an unlawful act described in subsection (a) 
shall, upon conviction, be fined not more than $1,000,000, or if a 
natural person, may be imprisoned for not more than 20 years, or 
both.''.
    (b) Effective Date.--
        (1) Civil penalties.--Section 206(b) of the International 
    Emergency Economic Powers Act, as amended by subsection (a), shall 
    apply to violations described in section 206(a) of such Act with 
    respect to which enforcement action is pending or commenced on or 
    after the date of the enactment of this Act.
        (2) Criminal penalties.--Section 206(c) of the International 
    Emergency Economic Powers Act, as amended by subsection (a), shall 
    apply to violations described in section 206(a) of such Act with 
    respect to which enforcement action is commenced on or after the 
    date of the enactment of this Act.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.