; and (B) in the event that the Foreign Claims Settlement Commission of the United States, or its successor, shall fail to timely render such advisory report, to file an action in the nature of a mandamus to compel the suspension of assistance under this subsection as to the identified foreign country, as referred to in subparagraph (A) in any court of competent jurisdiction. (4) Any public official of the government of any foreign country who has materially assisted in any prejudicial action relative to an investment in that country by any United States citizen or corporation, partnership or association, whose investment comes within the scope of paragraph (1), may not be provided any immigration status or issued a visa under the immigration laws (as such term is defined in section 101 of the Immigration and Nationality Act), or be admitted to the United States, until such prejudicial action is rescinded, reversed, permanently enjoined, or fully remediated. (5) Any public official of the government of any foreign country who has materially assisted in any prejudicial action relative to an investment in that country by any United States citizen or corporation, partnership or association, whose investment comes within the scope of paragraph (1), shall be denied remittances by every financial institution located in the United States until such prejudicial action is rescinded, reversed, permanently enjoined, or fully remediated. . 3. Effective date The amendments made by section 2 shall take effect on the date of the enactment of this Act and shall apply with respect to any controversy arising before, on, or after such date that involves an investment within the scope of section 620(e)(1) of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2370(e)(1) ).