; and (II) cancel any other valid visa or entry documentation that is in the possession of the alien. (c) Penalties Any person that violates, or attempts to violate, subsection (a) or any regulation, license, or order issued pursuant to that subsection, shall be subject to the penalties set forth in subsections (b) and (c) of section 206 of the International 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. (d) Waiver The President may waive the application of sanctions under this section with respect to a foreign person only if, not later than 15 days before the date on which the waiver is to take effect, the President submits to the appropriate congressional committees a written determination and justification that the waiver is in the vital national security interests of the United States. (e) Implementation The President may exercise all the authorities provided under sections 203 and 205 of the International Emergency Economic Powers Act (50 U.S.C. 1702 and 1704) to carry out the amendments made by this section. (f) Rulemaking (1) In general Not later than 120 days after the date of the enactment of this Act, the President, in consultation with the Secretary of State, shall promulgate any regulations that are necessary to implement this Act and the amendments made by this Act. (2) Notification to Congress Not less than 10 days before the promulgation of regulations pursuant to paragraph (1), the President shall submit to the appropriate congressional committees— (A) a copy of the proposed regulations