Nunn of Iowa Part E Amendment No. 2

21st Century Peace Through Strength Act Highlights: This bill establishes law on various foreign policy matters. For example, the bill • requires the President to impose property-blocking sanctions on foreign persons (i.e., individuals and entities) associated with transnational criminal organizations that traffic fentanyl; • authorizes the President to seize and transfer certain Russian sovereign assets to fund Ukrainian war compensation or reconstruction; • prohibits entities in the United States from distributing, updating, or maintaining a website or application operated by ByteDance, Ltd., TikTok, or certain other entities; • prohibits data brokers from providing personally identifiable sensitive data of U.S. persons to foreign adversary countries; • imposes property-, docking-, and visa-blocking sanctions on foreign persons operating ports, ships, and refineries supporting Iranian petroleum exports; • imposes property- and visa-blocking sanctions on foreign persons supporting Iranian missile programs and on certain Iranian leaders; • imposes property-blocking sanctions on foreign states providing material support to Hamas or Palestinian Islamic Jihad; requires the United States to regulate exports of certain foreign-produced items related to Iran; • extends the authority of the President to impose sanctions on foreign persons using human shields; • imposes property- and visa-blocking sanctions on foreign persons involved in the trafficking of captagon; • requires U.S. financial institutions to close certain accounts related to Iranian leaders and the Department of the Treasury to seek the closure of such accounts in foreign financial institutions; and • prohibits U.S. financial institutions from opening or maintaining certain accounts with Chinese financial institutions that support Iranian petroleum exports. Full Summary: DIVISION A--FEND OFF FENTANYL ACT Fentanyl Eradication and Narcotics Deterrence Off Fentanyl or the FEND Off Fentanyl Act TITLE I--SANCTIONS MATTERS Subtitle A--Sanctions in Response to National Emergency Relating to Fentanyl Trafficking (Sec. 3101) This section expresses that the policy of the United States is to apply economic and other financial sanctions to those who engage in the international trafficking of fentanyl, fentanyl precursors, or other related opioids. (Sec. 3102) This section provides statutory authority for the President to exercise national emergency authorities to impose sanctions on those engaged in international fentanyl trafficking and requires the President to report to Congress on actions taken related to such sanctions or the declaration of a related national emergency. (Sec. 3103) The President shall impose property-blocking sanctions on foreign persons (i.e., individuals and entities) associated with transnational criminal organizations that traffic fentanyl. (Sec. 3104) This section applies civil and criminal penalties for violations associated with presidential emergency economic powers to international trafficking of fentanyl; it also provides for a waiver for sanctions if the President determines it is in U.S. national security interests and exceptions for intelligence activities, law enforcement, international obligations, and humanitarian assistance. (Sec. 3105) This section requires any forfeited property from the imposition of sanctions on certain transnational criminal organizations to be deposited in the Department of the Treasury Forfeiture Fund. Subtitle B--Other Matters (Sec. 3111) This section establishes a 10-year statute of limitations on violations of sanctions imposed under the International Emergency Economic Powers Act or the Trading With The Enemy Act. (Sec. 3112) Treasury's Office of Foreign Assets Control must provide a classified report and briefing to Congress on its staffing. (Sec. 3113) This section requires Treasury to provide a classified report and briefing to Congress on efforts to target drug transportation routes and modali…