While previous Presidential determinations have been tied to the statutory June 1 timetable, the President may also identify Significant Foreign Narcotics Traffickers at any other time pursuant to the Act. The Act calls for the President to report to specified congressional committees by June 1 of each year on those 'foreign persons determines are appropriate for sanctions' and stating his intent to impose sanctions upon those Significant Foreign Narcotics Traffickers pursuant to the Act. The Department of Homeland Security and the Directorate of National Intelligence are also included in the process. The Kingpin Act requires that the Secretary of the Treasury, the Attorney General, the Secretary of State, the Secretary of Defense, and the Director of the Central Intelligence Agency coordinate to identify drug kingpins and propose them to the President for sanctions. Congress modeled the Kingpin Act on the effective sanctions program that the Department of the Treasury’s Office of Foreign Assets Control ('OFAC') administers against the Colombian drug cartels pursuant to Executive Order 12978 issued in October 1995 ('Executive Order 12978') under authority of the International Emergency Economic Powers Act ('IEEPA'). The Kingpin Act authorizes the President to take these actions when he determines that a foreign person plays a significant role in international narcotics trafficking. financial system and to prohibit all trade and transactions between the traffickers and U.S. Its purpose is to deny significant foreign narcotics traffickers, their related businesses, and their operatives access to the U.S. The Kingpin Act became law on December 3, 1999. Kingpin Act targets, on a worldwide basis, significant foreign narcotics traffickers, their organizations, and operatives. The Administration has released the names of three Mexican organizations against which the President has decided to impose sanctions pursuant to the Foreign Narcotics Kingpin Designation Act (the 'Kingpin Act') (21 U.S.C.

King pin schedule