[Congressional Record Volume 153, Number 104 (Tuesday, June 26, 2007)]
[Senate]
[Page S8520]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




        INTERNATIONAL EMERGENCY ECONOMIC POWERS ENHANCEMENT ACT

  Mr. SALAZAR. Mr. President, I ask unanimous consent that the Senate 
proceed to the immediate consideration of Calendar No. 199, S. 1612.
  The PRESIDING OFFICER. The clerk will report the bill by title.
  The assistant legislative clerk read as follows:

       A bill (S. 1612) to amend the penalty provisions in the 
     International Emergency Economic Powers Act, and for other 
     purposes.

  There being no objection, the Senate proceeded to consider the bill.
  Mr. SALAZAR. Mr. President, I ask unanimous consent that the 
amendment at the desk be considered and agreed to, the bill, as 
amended, be read a third time, passed, and the motion to reconsider be 
laid upon the table; that any statements relating thereto be printed in 
the Record.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The amendment (No. 1947) was agreed to, as follows:

           (Purpose: To modify the effective date provision)

       Strike subsection (b), and insert the following:
       (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.

  The bill (S. 1612), as amended, was ordered to be engrossed for a 
third reading, was read the third time, and passed, as follows:

                                S. 1612

       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) 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.
       ``(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.

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