; or (3) is owned or controlled by, or acts or purports to act for or on behalf of, directly or indirectly, a person described in paragraph (1). (b) Sanctions described The sanctions described in this subsection are the following: (1) Asset blocking The exercise of all powers granted to the President by the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.) to the extent necessary to block and prohibit all transactions in all property and interests in property of a person determined by the President to be subject to subsection (a) if such property and interests in property are in the United States, come within the United States, or are or come within the possession or control of a United States person. (2) Exclusion from the united states and revocation of visa or other documentation In the case of an alien determined by the President to be subject to subsection (a), denial of a visa to, and exclusion from the United States of, the alien, and revocation in accordance with section 221(i) of the Immigration and Nationality Act ( 8 U.S.C. 1201(i) ), of any visa or other documentation of the alien. (c) Requests by chairperson and ranking member of appropriate congressional committees (1) In general Not later than 120 days after receiving a written request from the chairperson and ranking member of one of the appropriate congressional committees with respect to whether a person meets the criteria for the imposition of sanctions under subsection (a), the President shall submit a response to the chairperson and ranking member of the committee that made the request with respect to whether or not the person meets such criteria. (2) Notification of termination of sanctions If the President terminates sanctions imposed under subsection (a) with respect to a person that was the subject of a request under paragraph (1), the President shall notify the chairperson and ranking member of the appropriate congressional committee that made the request and provide to the chairperson and ranking member any