Paragraph (1)(A) or any regulation, license, or order issued to

Carry out paragraph (1)(A) shall be subject to the penalties

Set forth in subsections (b) and (c) of section 206 of the

International Emergency Economic Powers Act (50 U.S.C. 1705) to

The same extent as a person that commits an unlawful act

Described in subsection (a) of that section.

(3) Exception relating to the importation of goods.--

(A) In general.--The requirement to block and

Prohibit all transactions in all property and interests

In property under paragraph (1)(A) shall not include

The authority to impose sanctions on the importation of

Goods.

(B) Good defined.--In this paragraph, the term

``good'' has the meaning given that term in section 16

Of the Export Administration Act of 1979 (50 U.S.C.

App. 2415) (as continued in effect pursuant to the

International Emergency Economic Powers Act (50 U.S.C.

Et seq.)).

(4) Exception to comply with united nations headquarters

Agreement.--Sanctions under paragraph (1)(B) shall not apply to

An alien if admitting the alien into the United States is

Necessary 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.

(c) Waiver.--The President may waive the application of sanctions

Under this section with respect to a person or a transaction if the

President--

(1) determines that such a waiver is in the national

Security interests of the United States; and

(2) on or before the date on which the waiver takes effect,

Submits a notice of and a justification for the waiver to--

(A) the Committee on Foreign Relations and the

Committee on Banking, Housing, and Urban Affairs of the

Senate; and

(B) the Committee on Foreign Affairs and the

Committee on Financial Services of the House of