Page:RESTRICT Act (S. 686, as introduced).pdf/32

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disapproval of removal of designation that is enacted in accordance with this section shall prohibit the removal of designation as a foreign adversary of a foreign government or regime that is the subject of the joint resolution of disapproval of removal of designation for purposes of this Act.

SEC. 8. IMPLEMENTING AUTHORITIES.

(a) Regulations.—In carrying out the responsibilities under this Act, the Secretary may establish such rules, regulations, and procedures as the Secretary considers appropriate.

(b) Classes of Transactions.—In conducting reviews, promulgating regulations, implementing prohibitions or other mitigation measures, or otherwise carrying out the responsibilities under this Act, the Secretary may take action with respect to both individual covered transactions and classes of covered transactions.

(c) Other Authorities.—

(1) In general.—The Secretary may issue guidance, including advisory opinions, and establish procedures to carry out this Act.

(2) Lists of foreign persons.—The Secretary may create lists of foreign persons that may be subject to prohibitions or restrictions and related