; 22 U.S.C. 2656 note). (d) Report on implementation Not later than 15 days after imposing sanctions under subsection (a), the President shall submit to the appropriate congressional committees a report regarding measures taken to implement this section. (e) Termination This section shall terminate on the date on which the President determines and certifies to the appropriate congressional committees that the Government of Hong Kong is no longer suppressing, or complicit in the suppression of, the freedoms of speech, association, assembly, procession, and demonstration of the people of Hong Kong. 6. Freezing of assets of Chinese nationals and state-owned enterprises undermining the autonomy, basic liberties, and human rights of the people of Hong Kong (a) In general Not later than 90 days after the date of the enactment of this Act, and as appropriate thereafter, the President shall exercise all powers granted by the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.) to the extent necessary to block or prohibit all transactions in property and interests in property of each foreign person described in subsection (b) that the President determines has attempted to undermine the autonomy, basic liberties, and human rights of the people of Hong Kong, 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) Foreign persons described A foreign person described in this subsection is— (1) a national of the People's Republic of China; (2) an entity owned or controlled by the Government of the People's Republic of China; or (3) an individual who is a member of the board of directors, an executive officer, or a senior official of an entity described in paragraph (2). (c) Inapplicability of national emergency requirement The requirements of section 202 of the International Emergency Economic Powers Act ( 50 U.S.C. 1701 ) shall not apply for purposes of this section. 7. Exceptions