; and (2) the Committee on Foreign Relations, the Committee on Banking, Housing, and Urban Affairs, the Committee on the Judiciary, and the Committee on Appropriations of the Senate. 333. Implementation and regulatory authorities (a) Implementation authority The President may exercise all authorities provided to the President under sections 203 and 205 of the International Emergency Economic Powers Act ( 50 U.S.C. 1702 and 1704) for purposes of carrying out this title. (b) Regulatory authority The President shall, not later than 180 days after the date of the enactment of this Act, promulgate regulations as necessary for the implementation of this title. 334. Rule of construction Nothing in this title shall be construed to limit the authority of the President pursuant to the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.) or any other provision of law. 335. Sunset This title shall cease to be effective on the date that is 5 years after the date of the enactment of this Act. IV Combating BDS Act of 2019 401. Short title This title may be cited as the Combating BDS Act of 2019 . 402. Nonpreemption of measures by State and local governments to divest from entities that engage in certain boycott, divestment,or sanctions activities targeting Israel or persons doing business in Israel or Israeli-controlled territories (a) State and local measures Notwithstanding any other provision of law, a State or local government may adopt and enforce measures that meet the requirements of subsection (c) to divest the assets of the State or local government from, prohibit investment of the assets of the State or local government in, or restrict contracting by the State or local government for goods and services with— (1) an entity that the State or local government determines, using credible information available to the public, knowingly engages in an activity described in subsection (b); (2) a successor entity or subunit of an entity described in paragraph (1)