; 50 U.S.C. 1701 note) is amended to read as follows: 201. Imposition of sanctions with respect to Hizballah (a) In general Not later than 120 days after the date of the enactment of this section, and as appropriate thereafter, the President shall impose the sanctions described in subsection (b) with respect to Hizballah, including by reason of Hizballah’s significant transnational criminal activities. (b) Sanctions described The sanctions described in this subsection are sanctions applied with respect to a foreign person pursuant to Executive Order 13581 (75 Fed. Reg. 44,757) (as such Executive order was in effect on the day before the date of the enactment of this section). (c) Definition In this section, the term Hizballah has the meaning given such term in section 102(f). . (b) Clerical amendments The table of contents for the Hizballah International Financing Prevention Act of 2015 is amended— (1) by striking the item relating to title II and inserting the following: Title II—Imposition of Sanctions With Respect to Hizballah and Reports and Briefings on Narcotics Trafficking and Significant Transnational Criminal Activities of Hizballah ; and (2) by striking the item relating to section 201 and inserting the following: Sec. 201. Imposition of sanctions with respect to Hizballah. . (c) Effective date The amendments made by this section take effect on the date that is 90 days after the date of the enactment of this Act. 202. Report on racketeering activities engaged in by Hizballah (a) In general Section 202 of the Hizballah International Financing Prevention Act of 2015 ( Public Law 114–102