((a)) ** In general** Except as provided by subsection (b), effective on the date that is 30 days after , a depository institution (as defined in ) or a broker or dealer in securities registered with the Securities and Exchange Commission under the Securities Exchange Act of 1934 ( et seq.) may not process transfers of funds—

((1)) to or from the Government of the Russian Federation, including any entity owned by the Government of the Russian Federation; or

((2)) for the direct or indirect benefit of officials of the Government of the Russian Federation.

((b)) ** Exception** A depository institution, broker, or dealer described in subsection (a) may process a transfer described in that subsection if the transfer arises from, and is ordinarily incident and necessary to give effect to, an underlying transaction that is authorized by a specific or general license.