; 137 Stat. 81) (as amended by section 101 of division B of the Further Continuing Appropriations and Other Extensions Act, 2024 ( Public Law 118–22 ; 137 Stat. 114) and section 201 of the Further Additional Continuing Appropriations and Other Extensions Act, 2024 ( Public Law 118–35 ; 138 Stat. 7)). 1412. Rescission of Inflation Reduction Act funds The unobligated balances of amounts appropriated or otherwise made available by each of the following provisions of Public Law 117–169 (commonly referred to as the Inflation Reduction Act ) are hereby permanently rescinded: (1) Section 50131. (2) Section 50144. (3) Section 60114. (4) Section 60501. XV Miscellaneous matters 1501. Countering the evasion of export controls Section 1756 of the John S. McCain National Defense Authorization Act for fiscal year 2019 ( Public Law 115–232 ; 50 U.S.C. 4815 ) is amended— (a) by redesignating subsections (c) and (d) as subsections (d) and (e); and (b) by inserting after subsection (b) the following new subsection: (c) Export control evasion risks (1) Export control evasion risk defined In this Act, the term export control evasion risk means any foreign person— (A) listed pursuant to Section 1754(a)(2) of this Act and subject to restrictions pursuant to Section 1754(a)(4) of this Act; and (B) domiciled in a country subject to an arms embargo imposed by the United States. (2) Licensing policies for export control evasion risks Procedures pursuant to subsection (a) of this section applied to an export control evasion risk shall apply to any person that— (A) is a successor, subunit, parent company or subsidiary of that export control evasion risk; (B) is owned or controlled by, or is acting for or on behalf of, directly or indirectly, any person described in subparagraph (A); (C) owns or controls, directly or indirectly, a person described in subparagraphs (A) and (B)