; or (B) as new information becomes available. (3) Form The list required by paragraph (1) shall be submitted in unclassified form but may include a classified annex. 205. Sanctions described The sanctions to be imposed with respect to a foreign person under section 202, 203, or 204 are the following: (1) Blocking of property The President shall exercise all of the powers granted to the President by the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.) (except that the requirements of section 202 of such Act ( 50 U.S.C. 1701 ) shall not apply) to the extent necessary to block and prohibit all transactions in property and interests in property of the 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. (2) Inadmissibility of certain individuals (A) Ineligibility for visas, admission, or parole An alien described in section 202, 203, or 204(b)(1) is— (i) inadmissible to the United States; (ii) ineligible to receive a visa or other documentation to enter the United States; and (iii) otherwise ineligible to be admitted or paroled into the United States or to receive any other benefit under the Immigration and Nationality Act ( 8 U.S.C. 1101 et seq.). (B) Current visas revoked (i) In general An alien described in section 202, 203, or 204(b)(1) is subject to revocation of any visa or other entry documentation regardless of when the visa or other entry documentation is or was issued. (ii) Immediate effect A revocation under clause (i) shall— (I) take effect immediately; and (II) automatically cancel any other valid visa or entry documentation that is in the alien’s possession. 206. Waiver; exceptions (a) Waiver The President, acting through the Secretary of State, may waive the application of sanctions imposed with respect to a foreign person under this title if the Secretary— (1) determines that such a waiver is in the national interest of the United States