; (2) corruption in the Northern Triangle is facilitated and carried out not only by private citizens and select officials from those countries but also in many instances by individuals from third countries; and (3) imposing targeted sanctions on individuals from throughout the world and particularly in the Western Hemisphere who are engaged in acts of significant corruption that impact the Northern Triangle countries will benefit the citizens and governments of such countries. (b) Imposition of sanctions The President shall impose the sanctions described in subsection (c) with respect to a person who the President determines to be engaged in an act of significant corruption that impacts a Northern Triangle country, including the following: (1) Corruption related to government contracts. (2) Bribery and extortion. (3) The facilitation or transfer of the proceeds of corruption, including through money laundering. (c) Sanctions described (1) In general The sanctions described in this subsection are the following: (A) Asset blocking The blocking, in accordance with the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.), of all transactions in all property and interests in property of a foreign person 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. (B) Inadmissibility to the United States In the case of a foreign person who is an individual— (i) ineligibility to receive a visa to enter the United States or to be admitted to the United States