; and (2) a detailed description of the nature of the association of each such source of income, asset, or liability with the country. 6. Effect of failure to timely disclose (a) Tariff modifications If the President fails to submit a report required by this Act with respect to an action modifying tariff treatment with respect to articles imported from a country by the time required by this Act, any instrument providing for the modification of such tariff treatment shall have no force or effect. (b) Trade and investment agreements If the President fails to submit a report required by section 2 with respect to negotiations for a trade or investment agreement with a country by the time required by that section, the implementing bill submitted to Congress with respect to that agreement shall not be eligible for the trade authorities procedures under section 103 of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 ( 19 U.S.C. 4202 ). 7. Definitions In this Act: (1) Associated with a country The term associated with a country or associated with the country — (A) with respect to an asset, means— (i) any financial account maintained by a financial institution that is a person of the country; (ii) any stock or security issued by a person of the country; (iii) any financial instrument or contract held for investment that has an issuer or counterparty that is a person of the country; (iv) any interest in a person of the country; or (v) any real property located in the country or in which a person of the country, including any representative or agent of the government of the country, has a financial interest; (B) with respect to income, includes dividends, rents, interest, or capital gains or any other income (as defined in section 61 of the Internal Revenue Code of 1986) received directly or indirectly from an asset associated with the country or any gift or reimbursement received from a person of the country, including any representative or agent of the government of the country