The section outlines the official title of the proposed bill as the “Countering Turkish Aggression Act of 2024” and provides a detailed list of its contents, which includes various sanctions and prohibitions related to Türkiye, specifically targeting its government, financial institutions, military, and energy production, as well as addressing exceptions and termination authority.

The sense of Congress is that U.S. troops in Syria are crucial for safety and that cooperation with the Syrian Kurdish communities is important in the fight against ISIS. They also believe that attacks by Türkiye threaten U.S. interests and that the U.S. should help promote peace along the Türkiye-Syria border.

This section of the Act defines several key terms: "admitted" and "alien" as per the Immigration and Nationality Act, what constitutes a "financial institution" and "foreign financial institution," what it means to "knowingly" engage in conduct, and distinguishes between a "foreign person" and a "United States person," which includes U.S. citizens, lawful permanent residents, and entities under U.S. law.

The section mandates that the President of the United States must impose sanctions every 90 days on certain officials and foreign entities connected to the Turkish Armed Forces. These sanctions include blocking their property within the U.S. and making them ineligible for U.S. visas or entry, with immediate cancellation of any current visas.

The section describes that if the U.S. government decides a foreign bank is helping the Turkish military with operations in Syria, the President must impose certain penalties on the bank and stop Americans from doing business with it within 60 days.

The section mandates that after the law is enacted, the President must impose sanctions on any foreign person who knowingly aids in the growth or upkeep of Syria's energy production for use by Russia, Iran, Türkiye, or Turkish-backed groups. It also bars U.S. citizens from doing business with such individuals.

The bill mandates that, because Türkiye bought a Russian defense system in 2019, the President must impose at least five new sanctions on Türkiye within 30 days of the bill's passage. These sanctions will add to any existing ones already in place under the relevant law.

The section prohibits the United States from transferring defense articles and services to the Turkish Armed Forces and prevents the President from using emergency powers to bypass this restriction.

The President is required to create rules that stop any American from buying government bonds from Türkiye.

This section outlines three exceptions where the Act does not apply: providing humanitarian aid and promoting democracy in Türkiye, conducting intelligence activities subject to reporting requirements, and imposing sanctions related to importing goods. It specifies that intelligence activities must not involve giving Türkiye targeting data on Syrian Democratic Forces and defines the term "good" for the importation context.

The section outlines the authority given to the President to implement the Act and describes the penalties for anyone who breaks the rules of the Act. It specifies that violators may face penalties in line with the International Emergency Economic Powers Act.

Sanctions described in this Act do not apply to allowing a foreign person to enter the U.S. if it's necessary to meet U.S. commitments under international agreements, such as the agreement with the United Nations regarding its headquarters or other similar treaties.

The President has the power to end sanctions and penalties against Türkiye if certain conditions are met, including stopping attacks on the Syrian Kurdish community and withdrawing forces not involved in NATO operations. If Türkiye violates these conditions after sanctions are lifted, the President must reimpose them.