; penalties (a) Implementation; penalties (1) Implementation The President may exercise all authorities provided to the President under sections 203 and 205 of the International Emergency Economic Powers Act (50 U.S.C. 1702 and 1704) to carry out this title. (2) Penalties A person that violates, attempts to violate, conspires to violate, or causes a violation of this title or any regulation, license, or order issued to carry out this title shall be subject to the penalties set forth in subsections (b) and (c) of section 206 of the International Emergency Economic Powers Act ( 50 U.S.C. 1705 ) to the same extent as a person that commits an unlawful act described in subsection (a) of that section. (3) Waiver The President may waive the application of sanctions under this title with respect to a foreign person if the President, not later than 10 days before the waiver is to take effect, determines and certifies to the appropriate congressional committees that such a waiver is in the vital national security interest of the United States. The President shall submit with the certification a detailed justification explaining the reasons for the waiver. 309. Report on specific licenses that authorize transactions with sanctioned persons (a) Report required (1) In general Not later than 180 days after the date of the enactment of this Act, and every 90 days thereafter, the Secretary of the Treasury, in coordination with the Secretary of State, shall submit to the committees specified in subsection (c) a report that includes a list of specific licenses issued by the Secretary of the Treasury during the period specified in paragraph (2) that authorize any transaction with a person with respect to which sanctions have been imposed under section 303, 304, or 305. (2) Period specified The period specified in this paragraph is— (A) in the case of the first report required by paragraph (1), the 180-day period preceding submission of the report