II 109th CONGRESS 2d Session S. 2279 IN THE SENATE OF THE UNITED STATES February 14, 2006 Mr. Feingold (for himself and Mr. Kyl) introduced the following bill; which was read twice and referred to the Committee on Foreign Relations A BILL To make amendments to the Iran and Syria Nonproliferation Act.

1.

Short title

This Act may be cited as the Iran and Syria Nonproliferation Enforcement Act of 2006.

2.

Sanctions applicable under the Iran Nonproliferation Act of 2000

(a)

Application of certain measures

Section 3 of the Iran and Syria Nonproliferation Act (50 U.S.C. 1701 note) is amended— (1)by amending subsection (a) to read as follows: (a)

Application of measures

Subject to sections 4 and 5, the President shall apply, for a period of not less than 2 years, the measures described in subsection (b) with respect to— (1)each foreign person identified in a report submitted pursuant to section 2(a); (2)all successors, subunits, and subsidiaries of each such foreign person; and (3)any entity (if operating as a business enterprise) that owns more than 50 percent of, or controls in fact, any such foreign person and any successors, subunits, and subsidiaries of such entity. ; (2)in subsection (b)— (A)by amending paragraph (1) to read as follows: (1)

Executive Order no. 12938 prohibitions

The measures set forth in subsections (b), (c), and (d) of section 4 of Executive Order 12938. ; (B)in paragraph (2)— (i)by striking to that foreign person; and (ii)by striking to that person; (C)in paragraph (3), by striking to that person; and (D)by adding at the end the following new paragraphs: (4)

Investment prohibition

Prohibition of any new investment by a United States person in property, including entities, owned or controlled by— (A)that foreign person; (B)any entity (if operating as a business enterprise) that owns more than 50 percent of, or controls in fact, such foreign person; or (C)any successor, subunit, or subsidiary of such entity. (5)

Financing prohibition

Prohibition of any approval, financing, or guarantee by a United States person, wherever located, of a transaction by— (A)that foreign person; (B)any entity (if operating as a business enterprise) that owns more than 50 percent of, or controls in fact, such foreign person; or (C)any successor, subunit, or subsidiary of such entity. (6)

Financial assistance prohibition

Denial by the United States Government of any credit, credit guarantees, grants, or other financial assistance by any department, agency, or instrumentality of the United States Government to— (A)that foreign person; (B)any entity (if operating as a business enterprise) that owns more than 50 percent of, or controls in fact, such foreign person; and (C)any successor, subunit, or subsidiary of such entity. ; and (3)by amending subsection (d) to read as follows: (d)

Publication in Federal Register

(1)

In general

The application of measures pursuant to subsection (a) shall be announced by notice published in the Federal Register. (2)

Content

Each notice published pursuant to paragraph (1) shall include the name and address (where known) of each person or entity to whom measures have been applied pursuant to subsection (a). . (b)

National security waiver

Section 4 of such Act is amended to read as follows:

4.

Waiver on basis of national security

(a)

In general

The President may waive the imposition of any sanction that would otherwise be required under section 3 on any person or entity 15 days after the President determines and reports to the Committee on International Relations of the House of Representatives and the Committee on Foreign Relations of the Senate that such waiver is essential to the national security of the United States. (b)

Written justification

The determination and report of the President under subsection (a) shall include a written justification— (1)describing in detail the circumstances and rationale supporting the President’s conclusion that the waiver is essential to the national security of the United States; and (2)identifying— (A)the name and address (where known) of the person or entity to whom the waiver is applied pursuant to subsection (a); (B)the specific goods, services, or technologies, the transfer of which would have required the imposition of measures pursuant to section 3 if the President had not invoked the waiver authority under subsection (a); and (C)the name and address (where known) of the recipient of such transfer. (c)

Form

The written justification shall be submitted in unclassified form, but may contain a classified annex.

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