US Sanctions Targeting Foreign Maritime Militia Support and Activities (TIDES Act).
This law authorizes the President to impose financial sanctions on foreign entities that support or engage in the activities of an adversary's maritime militia, particularly focusing on China. The goal is to protect US interests and allies in international waters by restricting the financial capabilities of these militias. While not directly affecting citizens' daily finances, it strengthens US national security and foreign policy efforts.
Key points
Allows the blocking of property and transactions of entities supporting foreign maritime militias if that property is within the US jurisdiction or controlled by a US person.
Sanctions apply to entities providing logistical support, vessel construction, or direction to militias that coerce other nations or infringe on sovereign rights.
The law specifically excludes sanctions on the importation of goods, aiming to minimize disruption to basic trade while enhancing maritime security.
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