; regulatory authority (1) Implementation The President may exercise all authorities provided under sections 203 and 205 of the International Emergency Economic Powers Act ( 50 U.S.C. 1702 and 1704) to carry out this section. (2) Regulatory authority The President shall issue such regulations, licenses, and orders as are necessary to carry out this section. 105. Waivers (a) Waiver for state-Owned financial institutions in countries that cooperate in multilateral anti-Trafficking efforts (1) In general The President may, on a case-by-case basis, waive for a period of not more than 12 months the application of sanctions under this title with respect to a financial institution that is owned or controlled, directly or indirectly, by a foreign government or any political subdivision, agency, or instrumentality of a foreign government, if the President, not less than 30 days before the waiver is to take effect, certifies to the appropriate congressional committees and leadership that the foreign government is closely cooperating with the United States in efforts to prevent opioid trafficking. (2) Certification The President may certify under paragraph (1) that a foreign government is closely cooperating with the United States in efforts to prevent opioid trafficking if that government is— (A) implementing domestic laws to schedule all fentanyl analogues as controlled substances