; 22 U.S.C. 8803(g)(2)(B)(ii)(II) and 8806(d)(2)(B)(ii)) or section 1245(d)(1) of the National Defense Authorization Act of Fiscal Year 2012 ( Public Law 112–81 ; 22 U.S.C. 8513a(d)(1) ) is hereby canceled. (b) Cancellation of Licenses General or specific licenses, comfort letters, frequently asked questions, or other such exemption issued in connection with waivers issued under subsection (a) is hereby cancelled. (c) Reimposition of Sanctions The President shall, pursuant to the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq. ), block and prohibit all transactions in all property and interests in property of any financial institution which process, participates in, or facilitates a transaction with respect to the funds described in subsection (a) after the date of enactment of this Act 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. 5. Reinstatement of sanctions imposed with respect to Iranian funds formerly held in escrow in Iraq (a) In general On the date of enactment of this Act, the following measures shall be terminated: (1) Waivers exercised on or after January 1, 2023, pursuant to section 1245(d) of the National Defense Authorization Act for Fiscal Year 2012 ( Public Law 112–81 ; 22 U.S.C. 8513a(d) ) and sections 1244(i) and 1247(f) of the Iran Freedom and Counter-Proliferation Act of 2012 ( Public Law 112–239