§ 60505. Retaliatory suspension of commercial privileges
(a)
General Authority.—
The President may proclaim a suspension of commercial privileges to vessels of a foreign country when—
(b)
Application.—
A suspension under this section shall apply to the same commercial privileges denied to vessels of the United States in the ports or waters of the foreign country, and to the same class of vessels of that country as the class of vessels of the United States denied the privileges.
(c)
Effective Date.—
The President shall designate the effective date of the suspension in the proclamation.
(d)
Penalties.—
(1)
Seizure and forfeiture.—
If the master, officer, or agent of a vessel of a foreign country does an act for the vessel in the ports or waters of the United States in violation of a proclamation issued under this section, the vessel and the goods on the vessel may be seized by, and forfeited to, the United States Government.