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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Oct 28, 1999.
Foreign Narcotics Kingpin Designation Act - Provides authority for the identification of and worldwide sanctions against foreign narcotics traffickers whose activities threaten U.S. security, foreign policy, or the economy.Directs the Secretary of the Treasury, the Attorney General, the Secretary of Defense, the Secretary of State, and the Director of Central Intelligence to consult and provide information to the President, in order that he may submit an unclassified annual report to specified congressional committees: (1) publicly identifying significant foreign narcotic traffickers who are appropriate for sanctions; and (2) detailing intent to impose such sanctions.Requires an additional classified presidential report to Congress. Excludes from the report information which could jeopardize intelligence operations.Allows the President to waive sanctions if U.S. national security would be harmed. Requires congressional notification of waivers.Subjects significant foreign narcotics traffickers publicly identified in the report to the blocking of assets. Prohibits transactions by U.S. persons in property or interests of such traffickers. Imposes criminal penalties for violations of this Act.