; or (B) to carry out or assist law enforcement activity in the United States. (3) Exception relating to importation of goods (A) In general The authority to block and prohibit all transactions in all property and interests in property under subsection (b)(1) shall not include the authority to impose sanctions on the importation of goods. (B) Good defined In this paragraph, the term good means any article, natural or man-made substance, material, supply or manufactured product, including inspection and test equipment and excluding technical data. (d) Waiver The President may waive the application of sanctions under subsection (b) with respect to a PRC person described in subsection (a) if the President determines that such a waiver is in the national interest of the United States. (e) Implementation; penalties (1) Implementation The President may exercise all 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 purposes of this section. (2) Penalties The penalties provided for in subsections (b) and (c) of section 206 of the International Emergency Economic Powers Act ( 50 U.S.C. 1705 ) may apply to a person that violates, attempts to violate, or conspires to violate, or causes a violation of, subsection (a) of this section, or an order or regulation prescribed under either such subsection, to the same extent that such penalties apply to a person that commits an unlawful act described in section 206(a) of the International Emergency Economic Powers Act. (f) Definitions In this section: (1) China The term China means the People’s Republic of China. (2) Financial, material, or technological support The term financial, material, or technological support has the meaning given such term in section 542.304 of title 31, Code of Federal Regulations (or any corresponding similar regulation or ruling). (3) PRC person The term PRC person — (A) means— (i) any citizen or national of China