; relating to blocking property and prohibiting transactions with persons who commit, threaten to commit, or support terrorism); and (B) inclusion on the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury. II Limitations on official business in and assistance to the West Bank and the Gaza Strip 201. Prohibition on actions that would authorize conduct of official United States Government business in the Gaza Strip or the West Bank (a) In general Beginning on the date of the enactment of this Act, the President may not take any action described in subsection (c) if taking such action would authorize the conduct of the official business of the United States Government by employees, grantees, or contractors thereof in the West Bank or Gaza Strip that would otherwise be prohibited by the Global Terrorism Sanctions Regulations under part 594 of title 31, Code of Federal Regulations, or the Foreign Terrorist Organizations Sanctions Regulations under part 597 of that title. (b) Application to existing actions Any action described in subsection (c) that was taken before the date of the enactment of this Act is rescinded. (c) Actions described An action described in this subsection is an action that reduces the application of the Global Terrorism Sanctions Regulations under part 594 of title 31, Code of Federal Regulations, or the Foreign Terrorist Organizations Sanctions Regulations under part 597 of that title, including— (1) any termination or waiver of the application of sanctions; (2) any licensing action