Sanctions on Sea Pirates: Protecting Global Shipping and Supply Chains.
This law mandates financial and visa sanctions against foreign individuals involved in maritime piracy, particularly in areas like the Somali Coast and the Gulf of Aden. The goal is to enhance the security of global shipping routes, indirectly supporting the stability of supply chains and imported goods prices for US consumers. Sanctions include freezing assets held in the US and denying entry to pirates and their associated criminal networks.
Key points
Asset Freezing: The President must block all property and financial interests in the US belonging to foreign persons engaged in piracy.
Travel Ban: Individuals sanctioned for piracy will be denied US visas and entry into the United States.
Humanitarian Exemption: Sanctions do not apply to transactions involving food, medicine, or the provision of humanitarian aid.
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