[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 1612 Placed on Calendar Senate (PCS)]






                                                       Calendar No. 199
110th CONGRESS
  1st Session
                                S. 1612

                          [Report No. 110-82]

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             June 13, 2007

 Mr. Dodd, from the Committee on Banking, Housing, and Urban Affairs, 
 reported the following original bill; which was read twice and placed 
                            on the calendar

_______________________________________________________________________

                                 A BILL


 
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.--The amendment made by subsection (a) applies 
to violations described in section 206 of the International Emergency 
Economic Powers Act (50 U.S.C. 1705) with respect to which enforcement 
action is pending or commenced on or after the date of the enactment of 
this Act.
                                                       Calendar No. 199

110th CONGRESS

  1st Session

                                S. 1612

                          [Report No. 110-82]

_______________________________________________________________________

                                 A BILL

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

_______________________________________________________________________

                             June 13, 2007

                 Read twice and placed on the calendar