; or (4) knowingly provides assistance or financial or material support that supports the terrorist activities of any foreign person described in paragraph (1), (2), or (3). (c) Sanctions described (1) Foreign persons With respect to a foreign person subject to sanctions under subsection (a), the President shall exercise all powers granted to the President by the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq. ) (except that the requirements of section 202 of such Act ( 50 U.S.C. 1701 ) shall not apply) to the extent necessary to block and prohibit all transactions in all property and interests in property of the foreign person if such property and interests in property are in the United States, come within the United States, or are or come within the possession or control of a United States person. (2) Agencies or instrumentalities of a foreign state With respect to an agency or instrumentality of a foreign state subject to sanctions under subsection (a), the President shall impose 2 or more of the following: (A) The President may direct the Export-Import Bank of the United States not to give approval to the issuance of any guarantee, insurance, extension of credit, or participation in the extension of credit in connection with the export of any goods or services to the agency or instrumentality, and the Export-Import Bank of the United States shall comply with any such direction. (B) The President may prohibit the sale of any defense articles, defense services, or design and construction services under the Arms Export Control Act ( 22 U.S.C. 2751 et seq. ) to the agency or instrumentality. (C) The President may prohibit the issuance of licenses for export of any item on the United States Munitions List under section 38(a)(1) of the Arms Export Control Act ( 22 U.S.C. 2778(a)(1) ) that include the agency or instrumentality as a party to the license. (D) The President may prohibit the export of any goods or technologies controlled for national security reasons under the Export Administration