“(a) Imposition of Sanctions.—“(1) In general.—On and after the date on which a foreign person is included in the report under section 5(a) or an update to that report under section 5(e), the President may impose sanctions described in subsection (b) with respect to that foreign person.
“(2) Mandatory sanctions.—Not later than one year after the date on which a foreign person is included in the report under section 5(a) or an update to that report under section 5(e), the President shall impose sanctions described in subsection (b) with respect to that foreign person.
“(b) Sanctions Described.—The sanctions described in this subsection with respect to a foreign person are the following:“(1) Property transactions.—The President may, pursuant to such regulations as the President may prescribe, prohibit any person from—“(A) acquiring, holding, withholding, using, transferring, withdrawing, transporting, or exporting any property that is subject to the jurisdiction of the United States and with respect to which the foreign person has any interest;
“(B) dealing in or exercising any right, power, or privilege with respect to such property; or
“(C) conducting any transaction involving such property.
“(2) Exclusion from the united states and revocation of visa or other documentation.—In the case of a foreign person who is an individual, the President may direct the Secretary of State to deny a visa to, and the Secretary of Homeland Security to exclude from the United States, the foreign person, subject to regulatory exceptions to permit the United States to comply with the Agreement regarding the Headquarters of the United Nations, signed at Lake Success June 26, 1947, and entered into force November 21, 1947, between the United Nations and the United States, or other applicable international obligations.