[United States Statutes at Large, Volume 121, 110th Congress, 1st Session]
[From the U.S. Government Publishing Office, www.gpo.gov]

121 STAT. 1011

Public Law 110-96
110th Congress

An Act


 
To amend the penalty provisions in the International Emergency Economic
Powers Act, and for other purposes. [NOTE: Oct. 16, 2007 -  [S.
1612]

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress [NOTE: International Emergency
Economic Powers Enhancement Act. 50 USC 1701 note.] 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) [NOTE: Applicability. 50 USC 1705 note.] 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)




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121 STAT. 1012

of such Act with respect to which enforcement action is commenced on or
after the date of the enactment of this Act.



Approved October 16, 2007.

LEGISLATIVE HISTORY--S. 1612:
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SENATE REPORTS: No. 110-82 (Comm. on Banking, Housing, and Urban
Affairs).
CONGRESSIONAL RECORD, Vol. 153 (2007):
June 26, considered and passed Senate.
Oct. 2, considered and passed House.