1.Short title; table of
contents
(a)This Act may be cited
as the Iran Threat Reduction Act of
2011
.
(b)The table of
contents for this Act is as follows:
Sec. 1. Short title; table of contents.
Sec. 2. Findings.
Sec. 3. Statement of policy.
Title I—Iran energy sanctions
Sec. 101. Findings.
Sec. 102. Sense of Congress.
Sec. 103. Declaration of policy.
Sec. 104. Multilateral regime.
Sec. 105. Imposition of sanctions.
Sec. 106. Description of sanctions.
Sec. 107. Advisory opinions.
Sec. 108. Termination of sanctions.
Sec. 109. Duration of sanctions.
Sec. 110. Reports required.
Sec. 111. Determinations not reviewable.
Sec. 112. Exclusion of certain activities.
Sec. 113. Definitions.
Sec. 114. Effective date.
Sec. 115. Repeal.
Title II—Iran freedom support
Sec. 201. Codification of sanctions.
Sec. 202. Declaration of Congress regarding United States
policy toward Iran.
Sec. 203. Assistance to support democracy in Iran.
Sec. 204. Imposition of sanctions on certain persons who are
responsible for or complicit in human rights abuses committed against citizens
of Iran or their family members after the June 12, 2009, elections in
Iran.
Sec. 205. Comprehensive strategy to promote Internet freedom
and access to information in Iran.
Title III—Iran regime and Iran Revolutionary Guard Corps
accountability
Sec. 301. Exportation of petroleum, oil, and natural gas
produced by Iran’s Islamic Revolutionary Guard Corps or its
affiliates.
Sec. 302. Iranian activities in Iraq and
Afghanistan.
Sec. 303. United States policy toward Iran.
Sec. 304. Definitions.
Title IV—Iran financial sanctions; divestment from certain
companies that invest in Iran; and prevention of diversion of certain goods,
services, and technologies to Iran
Sec. 401. Iran financial sanctions.
Sec. 402. Divestment from certain companies that invest in
Iran.
Sec. 403. Prevention of diversion of certain goods, services,
and technologies to Iran.
Title V—Securities and Exchange Commission
Sec. 501. Disclosures to the Securities and Exchange Commission
relating to sanctionable activities.
Title VI—General provisions
Sec. 601. Denial of visas for certain persons of the Government
of Iran.
Sec. 602. Sunset.
2.Congress makes the following
findings:
(1)Successive
administrations have clearly identified the unacceptability of the Iranian
regime’s pursuit of nuclear weapons capabilities and the danger that pursuit
presents to the United States, to our friends and allies, and to global
security.
(2)In May 1995,
President Clinton stated that The specter of an Iran armed with weapons
of mass destruction and the missiles to deliver them haunts not only Israel but
the entire Middle East and ultimately all the rest of us as well. The United
States and, I believe, all the Western nations have an overriding interest in
containing the threat posed by Iran.
.
(3)In the 2006 State
of the Union Address, President Bush stated that The Iranian government
is defying the world with its nuclear ambitions, and the nations of the world
must not permit the Iranian regime to gain nuclear weapons. America will
continue to rally the world to confront these threats.
.
(4)In February 2009,
President Obama committed the Administration to developing a strategy to
use all elements of American power to prevent Iran from developing a nuclear
weapon
.
(5)Iran is a major
threat to U.S. national security interests, not only exemplified by Tehran’s
nuclear program but also by its material assistance to armed groups in Iraq and
Afghanistan, to the Palestinian group Hamas, to Lebanese Hezbollah, and to
other extremists that seek to undermine regional stability. These capabilities
provide the regime with potential asymmetric delivery vehicles and mechanisms
for nuclear or other unconventional weapons.
(6)Iran’s growing
inventory of ballistic missile and other destabilizing types of conventional
weapons provides the regime the capabilities to enhance its power projection
throughout the region and undermine the national security interests of the U.S.
and its friends and allies.
(7)Were Iran to
achieve a nuclear weapons capability, it would, inter alia—
(A)likely lead to the
proliferation of such weapons throughout the region, where several states have
already indicated interest in nuclear programs, and would dramatically undercut
60 years of U.S. efforts to stop the spread of nuclear weapons;
(B)greatly increase
the threat of nuclear terrorism;
(C)significantly
expand Iran’s already-growing influence in the region;
(D)insulate the
regime from international pressure, giving it wider scope further to oppress
its citizens and pursue aggression regionally and globally;
(E)embolden all
Iranian-supported terrorist groups, including Hamas and Hezbollah; and
(F)directly threaten
several U.S. friends and allies, especially Israel, whose very right to exist
has been denied successively by every leader of the Islamic Republic of Iran
and which Iranian President Ahmadinejad says should be wiped off the
map
.
(8)Successive
Congresses have clearly recognized the threat that the Iranian regime and its
policies present to the United States, to our friends and allies, and to global
security, and responded with successive bipartisan legislative
initiatives.
(9)The extent of the
Iranian threat is greater today than when the Iran-Libya Sanctions Act was
signed into law in 1996, now known as the Iran Sanction Act. That landmark
legislation imposed sanctions on foreign companies investing in Iran’s energy
infrastructure in an effort to undermine the strategic threat from Iran, by
cutting off investment in its petroleum sector and thereby denying the regime
its economic lifeline and its ability to pursue a nuclear program.
(10)Legislation like
ILSA, which was re-titled the Iran Sanctions Act in 2006, paved the way for
similar legislation, such as the Iran, North Korea and Syria Nonproliferation
Act; the Iran-Iraq Arms Nonproliferation Act (2006); the Iran Freedom Support
Act (2006); and the Comprehensive Iran Sanctions, Accountability, and
Divestment Act (2010).
(11)U.S. sanctions on
Iran have hindered Iran’s ability to attract capital, material, and technical
support for its petroleum sector, creating financial difficulties for the
regime.
(12)In the Joint
Explanatory Statement of the Committee of Conference to the Comprehensive Iran
Sanctions, Accountability, and Divestment Act of 2010 (CISADA) (Public Law
111–195; 50 U.S.C. 1701 note) issued on June 23, 2010, the Members of the
Committee of Conference noted that Although [the Iran Sanctions Act] was
enacted more than a decade ago, no Administration has sanctioned a foreign
entity for investing $20 million or more in Iran’s energy sector, despite a
number of such investments. Indeed, on only one occasion, in 1998, did the
Administration make a determination regarding a sanctions-triggering
investment, but the Administration waived sanctions against the offending
persons. Conferees believe that the lack of enforcement of relevant enacted
sanctions may have served to encourage rather than deter Iran’s efforts to
pursue nuclear weapons.
.
(13)The Joint
Explanatory Statement also noted that The effectiveness of this Act will
depend on its forceful implementation. The Conferees urge the President to
vigorously impose the sanctions provided for in this Act.
.
(14)The Comprehensive Iran Sanctions,
Accountability, and Divestment Act of 2010 mandates (among other provisions)
that the President initiate investigations of potentially sanctionable activity
under the Iran Sanctions Act (Public Law 104–172; 50 U.S.C. 1701 note).
Although more than 6 months have passed since enactment of this legislation,
Congress has not received notice of the imposition of sanctions on any entities
that do significant business in the U.S., despite multiple reports of
potentially sanctionable activity by such entities. Although, in accordance
with CISADA, some potentially sanctionable entities have been persuaded to wind
down and end their involvement in Iran, others have not. In fact, since CISADA
became law, only two entities have been sanctioned, neither of which does
business in the U.S. and both of which are therefore largely untouched by the
sanctions.
(15)It is unlikely
that Iran can be compelled to abandon its pursuit of nuclear weapons unless
sanctions are fully and effectively implemented.
3.It shall be the policy
of the United States to—
(1)prevent Iran
from—
(A)acquiring or
developing nuclear weapons and associated delivery capabilities;
(B)developing its
unconventional weapons and ballistic missile capabilities; and
(C)continuing its
support for Foreign Terrorist Organizations and other activities aimed at
undermining and destabilizing its neighbors and other nations; and
(2)fully implement
all multilateral and bilateral sanctions against Iran in order to compel the
Government of Iran to—
(A)abandon and
verifiably dismantle its nuclear capabilities;
(B)abandon and
verifiably dismantle its ballistic missile and unconventional weapons programs;
and
(C)cease all support
for Foreign Terrorist Organizations and other activities aimed at undermining
and destabilizing its neighbors and other nations.
<enum>I</enum><header>Iran
energy sanctions</header>
<section display-inline="no-display-inline" id="H92A36CB1D7B142BFBFB4362DAA105B54"><enum>101.</enum><header>Findings</header><text display-inline="no-display-inline">Congress makes the following
findings:</text>
<paragraph id="H957AAC23ABC048E88070E8A833AC824C"><enum>(1)</enum><text>The efforts of the
Government of Iran to achieve nuclear weapons capability and to acquire other
unconventional weapons and the means to deliver them, both through
ballistic-missile and asymmetric means, and its support for foreign terrorist
organizations and other extremists endanger the national security and foreign
policy interests of the United States and those countries with which the United
States shares common strategic and foreign policy objectives.</text>
</paragraph><paragraph id="H087A0BF97BB54D77861BC5501C4B70EC"><enum>(2)</enum><text>The objectives of
preventing the proliferation of nuclear and other unconventional weapons and
countering the activities of foreign terrorist organizations and other
extremists through existing multilateral and bilateral initiatives require
further efforts to deny Iran the financial means to sustain its nuclear,
chemical, biological, and missile weapons programs and its active support for
terrorism.</text>
</paragraph><paragraph id="HD9BF068836F1423FBAF35D69D9CEE1DB"><enum>(3)</enum><text>The Government of
Iran uses its diplomatic facilities and quasi-governmental institutions outside
of Iran to support foreign terrorist organizations and other extremists, and
assist its unconventional weapons and missile programs, including its nuclear
program.</text>
</paragraph></section><section id="HE4C5A3C4E77E47FFAE54DA55F1A67115"><enum>102.</enum><header>Sense of
Congress</header><text display-inline="no-display-inline">It is the sense of
Congress that the goal of compelling Iran to abandon its pursuit of nuclear
weapons and other threatening activities can be achieved most effectively
through full implementation of all sanctions enacted into law, including those
sanctions set out in this title.</text>
</section><section id="HBFC58E5D3DE743238ED57240004A16BE"><enum>103.</enum><header>Declaration of
policy</header><text display-inline="no-display-inline">Congress declares that
it is the policy of the United States to deny Iran the ability to support acts
of foreign terrorist organizations and extremists and develop unconventional
weapons and ballistic missiles. A critical means of achieving that goal is
sanctions that limit Iran’s ability to develop its energy resources, including
its ability to explore for, extract, refine, and transport by pipeline its
hydrocarbon resources, in order to limit the funds Iran has available for
pursuing its objectionable activities.</text>
</section><section id="HFCB927E17FE24742B3055EE52618FF12"><enum>104.</enum><header>Multilateral
regime</header>
<subsection id="HF9C9E7F410AD419CAA2E948FD660B13E"><enum>(a)</enum><header>Multilateral
negotiations</header><text display-inline="yes-display-inline">In order to
further the objectives of section 103, Congress urges the President immediately
to initiate diplomatic efforts, both in appropriate international fora such as
the United Nations, and bilaterally with allies of the United States, to expand
the multilateral sanctions regime regarding Iran, including—</text>
<paragraph id="HCF1E8706E19546F3A1135AA4D597E21C"><enum>(1)</enum><text>qualitatively
expanding the United Nations Security Council sanctions regime against
Iran;</text>
</paragraph><paragraph id="H3487CD35DB204F0D8F1783D97340731B"><enum>(2)</enum><text>qualitatively
expanding the range of sanctions by the European Union, South Korea, Japan,
Australia, and other key United States allies;</text>
</paragraph><paragraph id="HF9B886F06D25474A9201CB717D37102C"><enum>(3)</enum><text>further efforts to
limit Iran’s development of petroleum resources and import of refined
petroleum; and</text>
</paragraph><paragraph id="H7032A9669C5345FA9B849D9B28333A84"><enum>(4)</enum><text>initiatives aimed
at increasing non-Iranian crude oil product output for current purchasers of
Iranian petroleum and petroleum byproducts.</text>
</paragraph></subsection><subsection commented="no" id="HDAF6C0CE647F4560BCAC78FDC18E17DE"><enum>(b)</enum><header>Reports to
Congress</header><text display-inline="yes-display-inline">Not later than 180
days after the date of the enactment of this Act, and annually thereafter, the
President shall submit to the appropriate congressional committees a report on
the extent to which diplomatic efforts described in subsection (a) have been
successful. Each report shall include—</text>
<paragraph commented="no" id="H76922B0412764F4AABF7543CF48F2C53"><enum>(1)</enum><text>the countries that
have agreed to undertake measures to further the objectives of section 103 with
respect to Iran, and a description of those measures; and</text>
</paragraph><paragraph commented="no" id="H63C938FC79B044978ACFBDF58788A35E"><enum>(2)</enum><text>the countries that
have not agreed to measures described in paragraph (1), and, with respect to
those countries, other measures the President recommends that the United States
take to further the objectives of section 103 with respect to Iran.</text>
</paragraph></subsection><subsection commented="no" id="H04CEFA525B16480AA5E93354CA0535A1"><enum>(c)</enum><header>Interim report
on multilateral sanctions; monitoring</header><text>Not later than 90 days
after the date of the enactment of this Act, the President shall submit to the
appropriate congressional committees a report on—</text>
<paragraph commented="no" id="H88FACADED7BD417180F3A905B4292468"><enum>(1)</enum><text>the countries that
have established legislative or administrative standards providing for the
imposition of trade sanctions on persons or their affiliates that conduct
business or have investments in Iran;</text>
</paragraph><paragraph commented="no" id="H9FB0848050A747A7945B01CD0F98513B"><enum>(2)</enum><text>the extent and
duration of each instance of the application of such sanctions; and</text>
</paragraph><paragraph commented="no" id="HE51112703D12406FB94FC9018F8AC053"><enum>(3)</enum><text>the disposition of
any decision with respect to such sanctions by the World Trade Organization or
its predecessor organization.</text>
</paragraph></subsection><subsection id="H5624695218CB4F7FAF70110CD4FE3C77"><enum>(d)</enum><header>Investigations</header>
<paragraph commented="no" id="HDFA9CAC26BCD4258A2A37B21E86D64AA"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">The President shall
initiate an investigation into the possible imposition of sanctions under
section 105 against a person upon receipt by the United States of credible
information indicating that such person is engaged in an activity described in
such section.</text>
</paragraph><paragraph id="H2AB01FACADA54B41B2C45787CDBBDD49"><enum>(2)</enum><header>Determination
and notification</header><text>Not later than 180 days after the date on which
an investigation is initiated under paragraph (1), the President shall (unless
paragraph (6) applies) determine, pursuant to section 105, if a person has
engaged in an activity described in such section and shall notify the
appropriate congressional committees of the basis for any such
determination.</text>
</paragraph><paragraph commented="no" id="H88B9ED2E2774473090F945205FB98B18"><enum>(3)</enum><header>Briefing</header>
<subparagraph id="H334080CFE85C4810A1AD3F589C76A067"><enum>(A)</enum><header>In
general</header><text>Not later than 30 days after the date of the enactment of
this Act, and at the end of every three-month period thereafter, the President,
acting through the Secretary of State, shall brief the appropriate
congressional committees regarding investigations initiated under this
subsection.</text>
</subparagraph><subparagraph commented="no" id="H8C498F92D0FB456D89254E30DF1CB209"><enum>(B)</enum><header>Form</header><text>The
briefings required under subparagraph (A) shall be provided in unclassified
form, but may be provided in classified form.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="H46956E4F7D394CE8BF6A008AA9CBA60A"><enum>(4)</enum><header>Submission of
information</header>
<subparagraph id="H215AB0BC6CA74A95808F1736D50AB00E"><enum>(A)</enum><header>In
general</header><text display-inline="yes-display-inline">The Secretary of
State shall, in accordance with section 15(b) of the State Department Basic
Authorities Act of 1956 (22 U.S.C. 2680(b)), provide to the appropriate
congressional committees all requested information relating to investigations
or reviews initiated under this title.</text>
</subparagraph><subparagraph commented="no" id="H495C2464F5B6494EA0EA396634D9B11C"><enum>(B)</enum><header>Form</header><text>The
information required under subparagraph (A) shall be provided in unclassified
form, but may contain a classified annex.</text>
</subparagraph></paragraph><paragraph id="HE25F8F694BA044038F503A7EB44C2A87"><enum>(5)</enum><header>Termination</header><text>Subject
to paragraph (6), the President may, on a case-by-case basis, terminate an
investigation of a person initiated under this subsection.</text>
</paragraph><paragraph id="H7259B37EBE4D4461B19CB70916145FCF"><enum>(6)</enum><header>Special
rule</header>
<subparagraph id="H5AA9806FC6DB43E4BF5F175F8C0BCA0F"><enum>(A)</enum><header>In
general</header><text>The President need not initiate an investigation, and may
terminate an investigation, on a case-by-case basis under this subsection if
the President certifies in writing in to the appropriate congressional
committees 15 days prior to the determination that—</text>
<clause id="H3C49252EB6DE4F53880C472C825E0600"><enum>(i)</enum><text>the
person whose activity was the basis for the investigation is no longer engaging
in the activity or is divesting all holdings and terminating the activity
within one year from the date of the certification; and</text>
</clause><clause id="H48A35EE4514144A982DAD275A1F05BD3"><enum>(ii)</enum><text>the
President has received reliable assurances that the person will not knowingly
engage in an activity described in section 105(a) in the future.</text>
</clause></subparagraph><subparagraph id="H9CB637101D0A45158F396DA8A8CAC1AA"><enum>(B)</enum><header>Application of
sanctions</header><text>The President shall apply the sanctions described in
section 106(a) in accordance with section 105(a) to a person described in
subparagraph (A) of this paragraph if the person fails to verifiably divest all
holdings and terminate the activity described in subparagraph (A) of this
paragraph within one year from the date of certification.</text>
</subparagraph></paragraph></subsection></section><section id="HB08209C06E5C4550B19BD3263D1AD864"><enum>105.</enum><header>Imposition of
sanctions</header>
<subsection id="H6B7E705896104CB5A21A987AC7669CB6"><enum>(a)</enum><header>Sanctions with
respect to the development of petroleum resources of Iran, production of
refined petroleum products in Iran, and exportation of refined petroleum
products to Iran</header>
<paragraph id="H782E0B6B7BE943BD8E813780AD80EC41"><enum>(1)</enum><header>Development of
petroleum resources of Iran</header>
<subparagraph id="H4D80554A3C294432B4C2B12A82459BF5"><enum>(A)</enum><header>In
general</header><text>Except as provided in subsection (f), the President shall
impose a majority of the sanctions described in section 106(a) with respect to
a person if the President determines that the person knowingly, on or after the
date of the enactment of this Act—</text>
<clause id="HBBA6220B7658460AB2A57511ED0A2C62"><enum>(i)</enum><text>makes an
investment described in subparagraph (B) of $20,000,000 or more; or</text>
</clause><clause id="H3093751454BD421084E064B7967B5E8C"><enum>(ii)</enum><text>makes a
combination of investments described in subparagraph (B) in a 12-month period
if each such investment is of at least $5,000,000 and such investments equal or
exceed $20,000,000 in the aggregate.</text>
</clause></subparagraph><subparagraph id="HB7064E8A3E1C4C3EB960FFB23D3C8B84"><enum>(B)</enum><header>Investment
described</header><text>An investment described in this subparagraph is an
investment that directly and significantly contributes to the enhancement of
Iran’s ability to develop petroleum resources.</text>
</subparagraph></paragraph><paragraph id="H765BA819F9004D3E9EEB8CB0ADFFEFCB"><enum>(2)</enum><header>Production of
refined petroleum products</header>
<subparagraph id="HF441D7FECEC54D7DAEA7DAB8ACECBCDE"><enum>(A)</enum><header>In
general</header><text>Except as provided in subsection (f), the President shall
impose a majority of the sanctions described in section 106(a) with respect to
a person if the President determines that the person knowingly, on or after the
date of the enactment this Act, sells, leases, or provides to Iran goods,
services, technology, information, or support described in subparagraph
(B)—</text>
<clause id="HCF1B270A8A1649A7B7A4574C5961EB6A"><enum>(i)</enum><text>any
of which has a fair market value of $1,000,000 or more; or</text>
</clause><clause id="H9B622068380B4FD2B94F34926292EABC"><enum>(ii)</enum><text>that, during a
12-month period, have an aggregate fair market value of $5,000,000 or
more.</text>
</clause></subparagraph><subparagraph id="H23A133C2D92945FCAEC8D55508824BE9"><enum>(B)</enum><header>Goods, services,
technology, information, or support described</header><text>Goods, services,
technology, information, or support described in this subparagraph are goods,
services, technology, information, or support that could directly and
significantly facilitate the maintenance or expansion of Iran’s domestic
production of refined petroleum products, including any direct and significant
assistance with respect to the construction, modernization, or repair of
petroleum refineries or associated infrastructure, including construction of
port facilities, railways, and roads, the primary use of which is to support
the delivery of refined petroleum products.</text>
</subparagraph></paragraph><paragraph id="H75F79A3E90634A05948B636C630F0E31"><enum>(3)</enum><header>Exportation of
refined petroleum products to Iran</header>
<subparagraph id="HCAD459DF1F4C48EEB06BC6F82C30BCC0"><enum>(A)</enum><header>In
general</header><text>Except as provided in subsection (f), the President shall
impose a majority of the sanctions described in section 106(a) with respect to
a person if the President determines that the person knowingly, on or after the
date of the enactment of this Act—</text>
<clause id="HF6FD6D355E66486A9FA098431C41949D"><enum>(i)</enum><text>sells or provides
to Iran refined petroleum products—</text>
<subclause id="HBB8BD771701B4E809450F1C757D358E4"><enum>(I)</enum><text>that have a fair
market value of $1,000,000 or more; or</text>
</subclause><subclause id="H69E6E1FC3A304269BE0345D14D884D9D"><enum>(II)</enum><text>that, during a
12-month period, have an aggregate fair market value of $5,000,000 or more;
or</text>
</subclause></clause><clause id="HB4638DC9D21A4FF2B8B8D9FDB6295FBA"><enum>(ii)</enum><text>sells, leases, or
provides to Iran goods, services, technology, information, or support described
in subparagraph (B)—</text>
<subclause id="H34CFFCB403734325AD405200F90909D1"><enum>(I)</enum><text>any of which has a
fair market value of $1,000,000 or more; or</text>
</subclause><subclause id="H081561ACA27D4A0990F7B1D8C34FBD9A"><enum>(II)</enum><text>that, during a
12-month period, have an aggregate fair market value of $5,000,000 or
more.</text>
</subclause></clause></subparagraph><subparagraph id="H71131C7E62FB4847AE2C202C43939F48"><enum>(B)</enum><header>Goods, services,
technology, information, or support described</header><text>Goods, services,
technology, information, or support described in this subparagraph are goods,
services, technology, information, or support that could directly and
significantly contribute to the enhancement of Iran’s ability to import refined
petroleum products, including—</text>
<clause id="HD38162579B0944C9A14B77576CC0DB7B"><enum>(i)</enum><text>except as provided
in subparagraph (C), underwriting or entering into a contract to provide
insurance or reinsurance for the sale, lease, or provision of such goods,
services, service contracts, technology, information, or support;</text>
</clause><clause id="HD9CEE4B579DD44939E599CF07E88CF11"><enum>(ii)</enum><text>financing or
brokering such sale, lease, or provision;</text>
</clause><clause id="H8DE1D890FAB44721B98F2C8EF7EBFADD"><enum>(iii)</enum><text>purchasing,
subscribing to, or facilitating the issuance of Iranian sovereign debt;
or</text>
</clause><clause id="H314A63C04F3E4D959C8A733D7847BBF6"><enum>(iv)</enum><text>providing ships
or shipping services.</text>
</clause></subparagraph><subparagraph id="H488EA251477B439F8B418343AF33613D"><enum>(C)</enum><header>Exception for
underwriters and insurance providers exercising due diligence</header><text>The
President may not impose sanctions under this paragraph with respect to a
person that provides underwriting services or insurance or reinsurance if the
President determines that the person has exercised due diligence in
establishing and enforcing official policies, procedures, and controls to
ensure that the person does not underwrite or enter into a contract to provide
insurance or reinsurance for the sale, lease, or provision of goods, services,
technology, information, or support described in subparagraph (B).</text>
</subparagraph></paragraph></subsection><subsection id="HEEBFAC84700F4F2E8150A3EBB3B959CE"><enum>(b)</enum><header>Mandatory
sanctions with respect to development of weapons of mass destruction or other
military capabilities</header>
<paragraph commented="no" id="H4B4BED6F4FFA46D7845DD9A1545010D4"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">The President shall
impose a majority of the sanctions described in section 106(a) if the President
determines that a person, on or after the date of the enactment of this Act,
has knowingly exported, transferred, permitted, hosted, or otherwise
facilitated transshipment that may have enabled a person to export, transfer,
or transship to Iran or otherwise provided to Iran any goods, services,
technology, or other items that would contribute materially to the ability of
Iran to—</text>
<subparagraph id="H8F2FC61B79AF4DBCB55E7B4A5DA0818B"><enum>(A)</enum><text display-inline="yes-display-inline">acquire or develop chemical, biological, or
nuclear weapons or related technologies; or</text>
</subparagraph><subparagraph id="HF9B24251F8E14D4BBDDE5DF8C73F2A47"><enum>(B)</enum><text display-inline="yes-display-inline">acquire or develop destabilizing numbers
and types of advanced conventional weapons.</text>
</subparagraph></paragraph><paragraph commented="no" id="HB75BE3319C7C4ABE83EB303500D609BF"><enum>(2)</enum><header>Additional
mandatory sanctions relating to transfer of nuclear technology</header>
<subparagraph commented="no" id="H96AA05DE61294D459CFD1BA024F1CEF8"><enum>(A)</enum><header>In
general</header><text>Except as provided in subparagraphs (B) and (C), in any
case in which a person is subject to sanctions under paragraph (1) because of
an activity described in that paragraph that relates to the acquisition or
development of nuclear weapons or related technology or of missiles or advanced
conventional weapons that are designed or modified to deliver a nuclear weapon,
no license may be issued for the export, and no approval may be given for the
transfer or retransfer, directly or indirectly, to the country the government
of which has primary jurisdiction over the person, of any nuclear material,
facilities, components, or other goods, services, or technology that are or
would be subject to an agreement for cooperation between the United States and
that government.</text>
</subparagraph><subparagraph id="HC324CB77E32E4A928F72124B897323C3"><enum>(B)</enum><header>Exception</header><text display-inline="yes-display-inline">The sanctions described in subparagraph (A)
shall not apply with respect to a country the government of which has primary
jurisdiction over a person that engages in an activity described in that
subparagraph if the President determines and notifies the appropriate
congressional committees that the government of the country—</text>
<clause id="H8E679E9A993848B19DB6CF903EAF2FD3"><enum>(i)</enum><text>does
not know or have reason to know about the activity; or</text>
</clause><clause id="HEC9F04EDA56E450C8F1163EAB76CE9BC"><enum>(ii)</enum><text>has
taken, or is taking, all reasonable steps necessary to prevent a recurrence of
the activity and to penalize the person for the activity.</text>
</clause></subparagraph><subparagraph commented="no" id="H7AA5F77EE8F14C79BA572738A7D5DBFE"><enum>(C)</enum><header>Individual
approval</header><text>Notwithstanding subparagraph (A), the President may, on
a case-by-case basis, approve the issuance of a license for the export, or
approve the transfer or retransfer, of any nuclear material, facilities,
components, or other goods, services, or technology that are or would be
subject to an agreement for cooperation, to a person in a country to which
subparagraph (A) applies (other than a person that is subject to the sanctions
under paragraph (1)) if the President—</text>
<clause commented="no" id="H2261920365BB438CB6B229D3578F3A15"><enum>(i)</enum><text>determines that
such approval is vital to the national security interests of the United States;
and</text>
</clause><clause commented="no" id="HCEB76598BC28403AA908BFF01600260E"><enum>(ii)</enum><text>not later than 15
days before issuing such license or approving such transfer or retransfer,
submits to the Committee on Foreign Affairs of the House of Representatives and
the Committee on Foreign Relations of the Senate the justification for
approving such license, transfer, or retransfer.</text>
</clause></subparagraph><subparagraph commented="no" id="H4BD03D523C194D9DAEBE2702FB79D037"><enum>(D)</enum><header>Construction</header><text>The
restrictions in subparagraph (A) shall apply in addition to all other
applicable procedures, requirements, and restrictions contained in the Atomic
Energy Act of 1954 and other related laws.</text>
</subparagraph><subparagraph commented="no" id="HA98152617CBB49D794EA5D01A60E2278"><enum>(E)</enum><header>Definition</header><text>In
this paragraph, the term <term>agreement for cooperation</term> has the meaning
given that term in section 11 b. of the Atomic Energy Act of 1954 (42 U.S.C.
2014(b)).</text>
</subparagraph><subparagraph commented="no" id="HA28C3450DCE84A7389F91154C0532708"><enum>(F)</enum><header>Applicability</header><text>The
sanctions described in subparagraph (A) shall apply only in a case in which a
person is subject to sanctions under paragraph (1) because of an activity
described in such paragraph in which such person engages on or after the date
of the enactment of this Act.</text>
</subparagraph></paragraph></subsection><subsection id="H1BDDFCE75F774DCEA37E6A295AC2D4A8"><enum>(c)</enum><header>Persons against
which the sanctions are To be imposed</header><text>The sanctions described in
subsections (a) and (b)(1) shall be imposed on—</text>
<paragraph id="HE22F34FDE9C34D188F221100A3781BCB"><enum>(1)</enum><text>any person the
President determines has carried out the activities described in subsection (a)
or (b), respectively; and</text>
</paragraph><paragraph id="HD6865E57413043F796804BA5D9AE0EF7"><enum>(2)</enum><text>any person
that—</text>
<subparagraph id="H992185EA256A495D86EF98BBF5380937"><enum>(A)</enum><text>is a successor
entity to the person referred to in paragraph (1);</text>
</subparagraph><subparagraph id="H8719DED641F74F1BB135A8C739438428"><enum>(B)</enum><text>owns or controls
the person referred to in paragraph (1), if the person that owns or controls
the person referred to in paragraph (1) had actual knowledge or should have
known that the person referred to in paragraph (1) engaged in the activities
referred to in that paragraph; or</text>
</subparagraph><subparagraph id="HB34228ECEF3E4456AE9E267B5D8A698C"><enum>(C)</enum><text>is owned or
controlled by, or under common ownership or control with, the person referred
to in paragraph (1), if the person owned or controlled by, or under common
ownership or control with (as the case may be), the person referred to in
paragraph (1) knowingly engaged in the activities referred to in that
paragraph.</text>
</subparagraph><continuation-text continuation-text-level="paragraph">For purposes
of this title, any person or entity described in this subsection shall be
referred to as a <term>sanctioned person</term>.</continuation-text></paragraph></subsection><subsection id="HC7D9FCE4E7E94B40BD7E5CCA5F59806C"><enum>(d)</enum><header>Publication in
Federal Register</header><text>The President shall cause to be published in the
Federal Register a current list of persons and entities on whom sanctions have
been imposed under this title. The removal of persons or entities from, and the
addition of persons and entities to, the list, shall also be so
published.</text>
</subsection><subsection id="H6C6F2DBCE2394EC9A42E33D7D64603E3"><enum>(e)</enum><header>Publication of
projects</header><text>The President shall cause to be published in the Federal
Register a list of all significant projects that have been publicly tendered in
the oil and gas sector in Iran.</text>
</subsection><subsection id="H64776480368048E9891E722EA25D13DD"><enum>(f)</enum><header>Exceptions</header><text>The
President shall not be required to apply or maintain the sanctions under
subsection (a) or (b)—</text>
<paragraph id="H0905EA4622C941C0812EFBD0ECF20F1A"><enum>(1)</enum><text>in the case of
procurement of defense articles or defense services—</text>
<subparagraph id="H6118F7408F8A421485720137B9F562EC"><enum>(A)</enum><text>under existing
contracts or subcontracts, including the exercise of options for production
quantities to satisfy requirements essential to the national security of the
United States;</text>
</subparagraph><subparagraph id="HDD73B723BEF04BDABA420DBFCC69D7DB"><enum>(B)</enum><text>if the President
determines in writing that the person to which the sanctions would otherwise be
applied is a sole source supplier of the defense articles or services, that the
defense articles or services are essential, and that alternative sources are
not readily or reasonably available; or</text>
</subparagraph><subparagraph id="H455937A5E5D84A6E9AA128A3092ED968"><enum>(C)</enum><text>if the President
determines in writing that such articles or services are essential to the
national security under defense coproduction agreements;</text>
</subparagraph></paragraph><paragraph id="HD20031BCE5554280960E7B927A8608AC"><enum>(2)</enum><text>in the case of
procurement, to eligible products, as defined in section 308(4) of the Trade
Agreements Act of 1979 (19 U.S.C. 2518(4)), of any foreign country or
instrumentality designated under section 301(b) of that Act (19 U.S.C.
2511(b));</text>
</paragraph><paragraph id="H200FDE5283694716B21C99BF3BC4E403"><enum>(3)</enum><text>to products,
technology, or services provided under contracts entered into before the date
on which the President publishes in the Federal Register the name of the person
on whom the sanctions are to be imposed;</text>
</paragraph><paragraph id="H2379ACFABED644219D8F1FE56892DCFF"><enum>(4)</enum><text>to—</text>
<subparagraph id="HDC389AF76D004A178E48EC01E69D9E2A"><enum>(A)</enum><text>spare parts which
are essential to United States products or production;</text>
</subparagraph><subparagraph id="HE0E794C4AC5A4FC682975D95100FFE37"><enum>(B)</enum><text>component parts,
but not finished products, essential to United States products or production;
or</text>
</subparagraph><subparagraph id="H7D568313BE1D499DACA50186728440DF"><enum>(C)</enum><text>routine servicing
and maintenance of products, to the extent that alternative sources are not
readily or reasonably available;</text>
</subparagraph></paragraph><paragraph id="HF8018F57E91A4882966E0EF98F9BBE44"><enum>(5)</enum><text>to information and
technology essential to United States products or production; or</text>
</paragraph><paragraph id="HF68D355C73A74D8A865770707E8F484E"><enum>(6)</enum><text>to medicines,
medical supplies, or other humanitarian items.</text>
</paragraph></subsection></section><section id="H00C06D8CA0A4438FB1F22ECC3836BCAA"><enum>106.</enum><header>Description of
sanctions</header>
<subsection id="H8CDC4758E0724B95B8AD91674267F645"><enum>(a)</enum><header>In
general</header><text>The sanctions to be imposed on a sanctioned person under
section 105 are as follows:</text>
<paragraph id="H2615C60773D74CF6A08E82FDF1FB0F31"><enum>(1)</enum><header>Export-import
bank assistance for exports to sanctioned persons</header><text>The President
may direct the Export-Import Bank of the United States to not give approval to
for the issuance of any guarantee, insurance, extension of credit, or
participation in the extension of credit in connection with the export of any
goods or services to any sanctioned person.</text>
</paragraph><paragraph id="HCF40BC7CBCC6497CBA76BF42B0DD306E"><enum>(2)</enum><header>Export
sanction</header><text display-inline="yes-display-inline">Except as provided
in subparagraph (B), the President may order the United States Government not
to issue any specific license and not to grant any other specific permission or
authority to export any goods or technology to a sanctioned person
under—</text>
<subparagraph id="H7B6075CC7FBE4642ABA8169038A48F2C"><enum>(A)</enum><text>the Export
Administration Act of 1979 (as continued in effect pursuant to the
International Emergency Economic Powers Act);</text>
</subparagraph><subparagraph id="HF598954B75D84279BE2392C870FFB08A"><enum>(B)</enum><text>the Arms Export
Control Act;</text>
</subparagraph><subparagraph id="HA2D938E388FE4EF49FC8FC3AA567EA7C"><enum>(C)</enum><text>the Atomic Energy
Act of 1954; or</text>
</subparagraph><subparagraph id="H0FB2C35CFE614C9D949946D741DCD539"><enum>(D)</enum><text>any other law that
requires the prior review and approval of the United States Government as a
condition for the export or re-export of goods or services.</text>
</subparagraph></paragraph><paragraph id="H41BE58377546447F9031757E1B9499BA"><enum>(3)</enum><header>Loans from
united states financial institutions</header><text>The United States Government
may prohibit any United States financial institution from making loans or
providing credits to any sanctioned person totaling more than $10,000,000 in
any 12-month period unless such person is engaged in activities to relieve
human suffering and the loans or credits are provided for such
activities.</text>
</paragraph><paragraph id="HC423F0C35DA44536966B3DAEC291FA8D"><enum>(4)</enum><header>Prohibitions on
financial institutions</header><text>The following prohibitions may be imposed
against a sanctioned person that is a financial institution:</text>
<subparagraph id="H7AFCF50A2CDD44198848373C2252A2A9"><enum>(A)</enum><header>Prohibition on
designation as primary dealer</header><text>Neither the Board of Governors of
the Federal Reserve System nor the Federal Reserve Bank of New York may
designate, or permit the continuation of any prior designation of, such
financial institution as a primary dealer in United States Government debt
instruments.</text>
</subparagraph><subparagraph id="H6682800837EF4FFABD6BF11D8A14B30C"><enum>(B)</enum><header>Prohibition on
service as a repository of government funds</header><text>Such financial
institution may not serve as agent of the United States Government or serve as
repository for United States Government funds.</text>
</subparagraph><continuation-text continuation-text-level="paragraph">The
imposition of either sanction under subparagraph (A) or (B) shall be treated as
one sanction for purposes of section 105, and the imposition of both such
sanctions shall be treated as two sanctions for purposes of section 105.</continuation-text></paragraph><paragraph id="H9E119121D048487FADD89E22A98E1347"><enum>(5)</enum><header>Procurement
sanction</header><text>The United States Government may not procure, or enter
into any contract for the procurement of, any goods or services from a
sanctioned person.</text>
</paragraph><paragraph id="HB21480413E8F4672B9440FADBA4FB171"><enum>(6)</enum><header>Foreign
exchange</header><text>The President may prohibit any transactions in foreign
exchange that are subject to the jurisdiction of the United States and in which
the sanctioned person has any interest.</text>
</paragraph><paragraph id="H66E9BCC96BFE4E43AFBCA004009F39FE"><enum>(7)</enum><header>Banking
transactions</header><text>The President may prohibit any transfers of credit
or payments between financial institutions or by, through, or to any financial
institution, to the extent that such transfers or payments are subject to the
jurisdiction of the United States and involve any interest of the sanctioned
person.</text>
</paragraph><paragraph id="H3BBEBA20E8074C8E9FD501F04E1ABEFE"><enum>(8)</enum><header>Property
transactions</header><text>The President may prohibit any person from—</text>
<subparagraph id="HF9D6D1C1C4F7470CA03D8C1E88960440"><enum>(A)</enum><text>acquiring,
holding, withholding, using, transferring, withdrawing, transporting,
importing, or exporting any property that is subject to the jurisdiction of the
United States and with respect to which a sanctioned person has any
interest;</text>
</subparagraph><subparagraph id="H97ED53130B5246DD883462CCB93BD76A"><enum>(B)</enum><text>dealing in or
exercising any right, power, or privilege with respect to such property;
or</text>
</subparagraph><subparagraph id="H68CB99F3C0B047D4BF561DC146464B17"><enum>(C)</enum><text>conducting any
transaction involving such property.</text>
</subparagraph></paragraph><paragraph display-inline="no-display-inline" id="H1132A26A0E95440BB4B0B6342398F479"><enum>(9)</enum><header>Grounds for
exclusion</header><text>The Secretary of State may deny a visa to, and the
Secretary of Homeland Security may exclude from the United States, any alien
whom the Secretary of State determines is an alien who, on or after the date of
the enactment of this Act, is a—</text>
<subparagraph id="H1501EB2D17264215BD4B08A34C8383DC"><enum>(A)</enum><text>corporate officer,
principal, or shareholder with a controlling interest of a person against whom
sanctions have been imposed under subsection (a) or (b);</text>
</subparagraph><subparagraph id="HB2B1B71BA3024212979C0E18E62AB055"><enum>(B)</enum><text>corporate officer,
principal, or shareholder with a controlling interest of a successor entity to
or a parent or subsidiary of such a sanctioned person;</text>
</subparagraph><subparagraph id="H7155DE2A6EB64827A6E2492917362061"><enum>(C)</enum><text>corporate officer,
principal, or shareholder with a controlling interest of an affiliate of such a
sanctioned person, if such affiliate engaged in a sanctionable activity
described in subsection (a) or (b) and if such affiliate is controlled in fact
by such sanctioned person; or</text>
</subparagraph><subparagraph id="H8268BA884BCB4333B5ABD1372D51FBB7"><enum>(D)</enum><text>spouse, minor
child, or agent of a person excludable under subparagraph (A), (B), or
(C).</text>
</subparagraph></paragraph><paragraph id="H6BCACF42C9B5472CA8E02C2861B9D3CD"><enum>(10)</enum><header>Sanctions on
principal executive officers</header><text>The President may impose on the
principal executive officer or officers of any sanctioned person, or on persons
performing similar functions and with similar authorities as such officer or
officers, any of the sanctions under this subsection. The President shall
include on the list published under section 105(d) the name of any person
against whom sanctions are imposed under this paragraph.</text>
</paragraph><paragraph id="H689FC18D478F4397BA784B4163F0DE56"><enum>(11)</enum><header>Additional
sanctions</header><text display-inline="yes-display-inline">The President shall
impose sanctions, as appropriate, to restrict imports with respect to a
sanctioned person, in accordance with the International Emergency Economic
Powers Act (50 U.S.C. 1701 et seq.).</text>
</paragraph></subsection><subsection id="HB885771DB5C84C278DE7F37B06568C01"><enum>(b)</enum><header>Additional
measure relating to government contracts</header>
<paragraph id="H406F24E59F0B49CB914672560ACBF56C"><enum>(1)</enum><header>Modification of
Federal Acquisition Regulation</header><text>The Federal Acquisition Regulation
issued pursuant to section 25 of the Office of Federal Procurement Policy Act
(41 U.S.C. 421) shall require a certification from each person that is a
prospective contractor that such person does not engage in any activity for
which sanctions may be imposed under section 105.</text>
</paragraph><paragraph id="H04E7B49B5CC24E8EBC3F1EF2AF2997FA"><enum>(2)</enum><header>Remedies</header>
<subparagraph id="H960641E48E284D218F88D012D956644C"><enum>(A)</enum><header>In
general</header><text>If the head of an executive agency determines that a
person has submitted a false certification under paragraph (1) after the date
on which the Federal Acquisition Regulation is revised to implement the
requirements of this subsection, the head of that executive agency shall
terminate a contract with such person or debar or suspend such person from
eligibility for Federal contracts for a period of not more than three years.
Any such debarment or suspension shall be subject to the procedures that apply
to debarment and suspension under the Federal Acquisition Regulation under
subpart 9.4 of part 9 of title 48, Code of Federal Regulations.</text>
</subparagraph><subparagraph id="H2A35F582A8F74F709EFA39AF8F728673"><enum>(B)</enum><header>Inclusion on
list of parties excluded from Federal Procurement and Nonprocurement
Programs</header><text>The Administrator of General Services shall include on
the List of Parties Excluded from Federal Procurement and Nonprocurement
Programs maintained by the Administrator under part 9 of the Federal
Acquisition Regulation issued pursuant to section 25 of the Office of Federal
Procurement Policy Act (41 U.S.C. 421) each person that is debarred, suspended,
or proposed for debarment or suspension by the head of an executive agency on
the basis of a determination of a false certification under subparagraph
(A).</text>
</subparagraph></paragraph><paragraph id="H5B57F2AF0F9F4815A9E28E4D31097307"><enum>(3)</enum><header>Clarification
regarding certain products</header><text>The remedies specified in paragraph
(2) shall not apply with respect to the procurement of eligible products, as
defined in section 308(4) of the Trade Agreements Act of 1974 (19 U.S.C.
2518(4)), of any foreign country or instrumentality designated under section
301(b) of such Act (19 U.S.C. 2511(b)).</text>
</paragraph><paragraph id="H842AF3667FE54DC697222CF56948B0DD"><enum>(4)</enum><header>Rule of
construction</header><text>This subsection shall not be construed to limit the
use of other remedies available to the head of an executive agency or any other
official of the Federal Government on the basis of a determination of a false
certification under paragraph (1).</text>
</paragraph><paragraph id="H76BE9A7E43864702B1E2B8FB045A57CA"><enum>(5)</enum><header>Waiver</header><text display-inline="yes-display-inline">The President may, on a case-by-case basis,
waive the requirement that a person make a certification under paragraph (1) if
the President determines and certifies in writing to the appropriate
congressional committees that it is in the national interest of the United
States to do so.</text>
</paragraph><paragraph id="H1327F890D0024C4C86CD074389CED78D"><enum>(6)</enum><header>Executive agency
defined</header><text>In this subsection, the term <term>executive
agency</term> has the meaning given such term in section 104 of the Office of
Federal Procurement Policy Act (41 U.S.C. 403).</text>
</paragraph><paragraph id="H29C461F146CE41139E023D1A6EBF10C4"><enum>(7)</enum><header>Applicability</header><text>The
revisions to the Federal Acquisition Regulation required under paragraph (1)
shall apply with respect to contracts for which solicitations are issued on or
after the date that is 90 days after the date of the enactment of this
Act.</text>
</paragraph></subsection></section><section id="HE0F5B9C9248B4BC4AD7A826814ED69E3"><enum>107.</enum><header>Advisory
opinions</header><text display-inline="no-display-inline">The Secretary of
State may, upon the request of any person, issue an advisory opinion to such
person as to whether a proposed activity by such person would subject such
person to sanctions under this title. Any person who relies in good faith on
such an advisory opinion which states that such proposed activity would not
subject such person to such sanctions, and any such person who thereafter
engages in such activity, shall not be made subject to such sanctions on
account of such activity.</text>
</section><section id="H80D8F730E6EA405E9D66416AD3DCE27A"><enum>108.</enum><header>Termination of
sanctions</header>
<subsection id="H04FD43EC73CB42E4A1345EADB79003F9"><enum>(a)</enum><header>Certification</header><text>The
requirement under section 105 to impose sanctions shall no longer have force or
effect with respect to Iran if the President determines and certifies to the
appropriate congressional committees that Iran—</text>
<paragraph id="H31581D5984E846739092C399A53D1CD0"><enum>(1)</enum><text>has ceased and
verifiably dismantled its efforts to design, develop, manufacture, or
acquire—</text>
<subparagraph id="HC21F5377D3C74DB297C57AB6335563EF"><enum>(A)</enum><text>a nuclear
explosive device or related materials and technology;</text>
</subparagraph><subparagraph id="HF64A1D7D75E047009E8AAF657F396E78"><enum>(B)</enum><text>chemical and
biological weapons; and</text>
</subparagraph><subparagraph id="HE08CD284BB38468292EC2E91931AA9D1"><enum>(C)</enum><text>ballistic missiles
and ballistic missile launch technology;</text>
</subparagraph></paragraph><paragraph id="HF119BF9A25C44CDD9BBF80E25B7983D1"><enum>(2)</enum><text>no longer provides
support for acts of international terrorism; and</text>
</paragraph><paragraph id="H08BF77DC0D5B4DE681E7DBE20F23861F"><enum>(3)</enum><text>poses no threat to
the national security, interests, or allies of the United States.</text>
</paragraph></subsection><subsection id="HB8FA908776454310B9ACE33344D00CD0"><enum>(b)</enum><header>Notification</header><text>The
President shall notify the appropriate congressional committees not later than
15 days before making the certification described in subsection (a).</text>
</subsection></section><section id="H1E8E8C1B6B304A0B8ABD84309A81FDA2"><enum>109.</enum><header>Duration of
sanctions</header>
<subsection id="H3BF07C9FE447406D821D1C66D455F4DF"><enum>(a)</enum><header>Delay of
sanctions</header>
<paragraph id="H5AACEDF70DEF4B6E8EC897A41BCA94B1"><enum>(1)</enum><header>Consultations</header><text>If
the President makes a determination described in section 105 with respect to a
foreign person, Congress urges the President to initiate consultations
immediately with the government with primary jurisdiction over such foreign
person with respect to the imposition of sanctions under such section.</text>
</paragraph><paragraph id="H920F138D74724F55B106A9554BCF4EB1"><enum>(2)</enum><header>Actions by
government of jurisdiction</header><text>In order to pursue consultations under
paragraph (1) with the government concerned, the President may delay for up to
90 days the imposition of sanctions under section 105. Following such
consultations, the President shall immediately impose on the foreign person
referred to in paragraph (1) such sanctions unless the President determines and
certifies to Congress that the government has taken specific and effective
actions, including, as appropriate, the imposition of appropriate penalties to
terminate the involvement of the foreign person in the activities that resulted
in the determination by the President under section 105 concerning such foreign
person and the foreign person is no longer engaged in such activities.</text>
</paragraph></subsection><subsection id="H9D4A293F73214F2987E5D16967FB8745"><enum>(b)</enum><header>Duration of
sanctions</header><text>A sanction imposed under section 105 shall remain in
effect—</text>
<paragraph id="H465D4F614C3C4D4386BFA4F029F3AC37"><enum>(1)</enum><text>for a period of
not less than two years beginning on the date on which such sanction is
imposed; or</text>
</paragraph><paragraph id="H70F885C304FA4B03B6060B774EC78653"><enum>(2)</enum><text>until such time as
the President determines and certifies to Congress that the person whose
activities were the basis for imposing such sanction is no longer engaging in
such activities and that the President has received reliable assurances that
such person will not knowingly engage in such activities in the future, except
that such sanction shall remain in effect for a period of at least one
year.</text>
</paragraph></subsection><subsection id="H2D92AFC3E256470E859B198F5CC0ED3B"><enum>(c)</enum><header>Waiver</header>
<paragraph commented="no" id="HA4FD781036494936A677236372FB7641"><enum>(1)</enum><header>Authorization</header>
<subparagraph id="H81A361ADDD41464FA84E09E11DF7DC91"><enum>(A)</enum><header>In
general</header><text>The President may waive the requirements in section
105(a) or 105(b)(2) to impose a sanction or sanctions, and may waive, on a
case-by-case basis, the continued imposition of a sanction or sanctions under
subsection (b) of this section, if the President determines and so reports to
the appropriate congressional committees 15 days prior to the exercise of
waiver authority that failure to exercise such waiver authority would pose an
unusual and extraordinary threat to the vital national security interests of
the United States.</text>
</subparagraph><subparagraph id="HF93FAA5805EF4C2CB0E509BCA9F5D9F7"><enum>(B)</enum><header>Contents of
report</header><text display-inline="yes-display-inline">Any report under
subparagraph (A) shall provide a specific and detailed rationale for a
determination made pursuant to such paragraph, including—</text>
<clause id="H1958FC33E0544692BA44AEF07C63D1E9"><enum>(i)</enum><text display-inline="yes-display-inline">a description of the conduct that resulted
in the determination under section 105(a);</text>
</clause><clause id="H2889455FDB044F3796C2AA487767EE35"><enum>(ii)</enum><text>in
the case of a foreign person, an explanation of the efforts to secure the
cooperation of the government with primary jurisdiction over such person to
terminate or, as appropriate, penalize the activities that resulted in the
determination under section 105(a);</text>
</clause><clause id="H181A6EAABE134E10AABF2429BCBE914B"><enum>(iii)</enum><text>an
estimate of the significance of the conduct of the person concerned in
contributing to the ability of Iran to develop petroleum resources, produce
refined petroleum products, or import refined petroleum products; and</text>
</clause><clause id="H8AD475F212EC49749AD8CFA6261A7FCB"><enum>(iv)</enum><text>a
statement as to the response of the United States in the event that the person
concerned engages in other activities that would be subject to a sanction or
sanctions under section 105(a).</text>
</clause></subparagraph></paragraph><paragraph id="H991A6C3903BB464E909862AC445A25A3"><enum>(2)</enum><header>Waiver with
respect to persons in countries that cooperate in multilateral efforts with
respect to Iran</header>
<subparagraph id="H5CCB04695CAB46D0B89494C6C3342837"><enum>(A)</enum><header>In
general</header><text>The President may, on a case by case basis, waive for a
period of not more than 12 months the application of section 105(a) with
respect to a person if the President, at least 30 days before the waiver is to
take effect—</text>
<clause id="HA13849D34CFE4C07813FA5C285796251"><enum>(i)</enum><text>certifies to the
appropriate congressional committees that—</text>
<subclause id="H27C5CB12DFB9405F88FB780DE1931894"><enum>(I)</enum><text>the government
with primary jurisdiction over the person is closely cooperating with the
United States in multilateral efforts to prevent Iran from—</text>
<item id="HFBCF743B5BD44060A59ACD6D91F777C5"><enum>(aa)</enum><text>acquiring or
developing chemical, biological, or nuclear weapons or related technologies;
or</text>
</item><item id="HA161BF505D7145FAA1EA6EECD6992BA2"><enum>(bb)</enum><text>acquiring or
developing destabilizing numbers and types of advanced conventional weapons;
and</text>
</item></subclause><subclause id="H82CCCAC98ABC4D64A7AD65FF25693716"><enum>(II)</enum><text>such a waiver is
vital to the national security interests of the United States; and</text>
</subclause></clause><clause id="H72891AD3733345529A14669E716C4CB9"><enum>(ii)</enum><text>submits to the
appropriate congressional committees a report identifying—</text>
<subclause id="H6E4B53EDDECC487E84C6DA410AA57599"><enum>(I)</enum><text>the person with
respect to which the President waives the application of sanctions; and</text>
</subclause><subclause id="H8148CC0DC9E646CC9C59A2E0D5D2A5C7"><enum>(II)</enum><text>the actions taken
by the government described in clause (i)(I) to cooperate in multilateral
efforts described in that clause.</text>
</subclause></clause></subparagraph><subparagraph display-inline="no-display-inline" id="H4138A0AEF952456E9DA0B9A5055D583E"><enum>(B)</enum><header>Subsequent
renewal of waiver</header><text>At the conclusion of the period of a waiver
under subparagraph (A), the President may renew the waiver—</text>
<clause id="H37A220403CA94F9381E975935F9C35E6"><enum>(i)</enum><text>if
the President determines, in accordance with subparagraph (A) that the waiver
is appropriate; and</text>
</clause><clause id="H399A0E9D4A454D519210401B45FBE774"><enum>(ii)</enum><text display-inline="yes-display-inline">for subsequent periods of not more than 12
months each.</text>
</clause></subparagraph></paragraph></subsection></section><section id="H26EB0A66660B43F0BA24CEDD958A123E"><enum>110.</enum><header>Reports
required</header>
<subsection id="HF246CCC11FEB4A568A633BA1D35117F6"><enum>(a)</enum><header>Report on
certain international initiatives</header><text>Not later than 180 days after
the date of the enactment of this Act and every 180 days thereafter, the
President shall transmit to the appropriate congressional committees a report
describing—</text>
<paragraph id="H0464D9D61F7A46CC84BE603914C08D7B"><enum>(1)</enum><text>the efforts of the
President to mount a multilateral campaign to persuade all countries to
pressure Iran to cease its nuclear, chemical, biological, and missile weapons
programs and its support of acts of international terrorism;</text>
</paragraph><paragraph id="H9F9E237301B4476FA79B7C5DBEB3679B"><enum>(2)</enum><text>the efforts of the
President to persuade other governments to ask Iran to reduce in the countries
of such governments the presence of Iranian diplomats and representatives of
other government and military or quasi-governmental institutions of Iran, and
to withdraw any such diplomats or representatives who participated in the
takeover of the United States Embassy in Tehran, Iran, on November 4, 1979, or
the subsequent holding of United States hostages for 444 days;</text>
</paragraph><paragraph id="HEA68E7DF5309452BADF2BDB914FC29D6"><enum>(3)</enum><text>the extent to
which the International Atomic Energy Agency has established regular
inspections of all nuclear facilities in Iran, including those facilities
presently under construction; and</text>
</paragraph><paragraph id="H18F2632E2A2B4E94A101693EA1A69A07"><enum>(4)</enum><text>Iran’s use of
Iranian diplomats and representatives of other government and military or
quasi-governmental institutions of Iran to promote acts of international
terrorism or to develop or sustain Iran’s nuclear, chemical, biological, or
missile weapons programs.</text>
</paragraph></subsection><subsection id="H7BB380189D524A2B8A1617BF533AA6AC"><enum>(b)</enum><header>Report on
effectiveness of actions under this Act</header><text>Not later than 180 days
after the date of the enactment of this Act and annually thereafter, the
President shall transmit to Congress a report that describes—</text>
<paragraph id="H5075783B259F432D81F2459E9A55EE14"><enum>(1)</enum><text>the extent to
which actions relating to trade taken pursuant to this title have—</text>
<subparagraph id="H3CD04144146A4561AFF26ACB2352BB09"><enum>(A)</enum><text>been effective in
achieving the policy objective described in section 103 and any other foreign
policy or national security objectives of the United States with respect to
Iran; and</text>
</subparagraph><subparagraph id="HBADB2BEAA9574798BE6F3CF1B3A8000A"><enum>(B)</enum><text>affected
humanitarian interests in Iran, the country in which a sanctioned person is
located, or in other countries; and</text>
</subparagraph></paragraph><paragraph id="H42DA550D77A14845980670A64B176ADB"><enum>(2)</enum><text>the impact of
actions relating to trade taken pursuant to this title on other national
security, economic, and foreign policy interests of the United States,
including relations with countries friendly to the United States, and on the
United States economy.</text>
</paragraph><continuation-text continuation-text-level="subsection">The
President may include in such reports the President’s recommendation on whether
or not this Act should be terminated or modified.</continuation-text></subsection><subsection id="H6376A3ACC4D6422EBF6F38DBC63A01DC"><enum>(c)</enum><header>Other
reports</header><text>The President shall ensure the continued transmittal to
Congress of reports describing—</text>
<paragraph id="H54D3ADC6CE774BB39FF00AC49AD67586"><enum>(1)</enum><text>the nuclear and
other military capabilities of Iran, as required under section 601(a) of the
Nuclear Non-Proliferation Act of 1978 and section 1607 of the National Defense
Authorization Act for Fiscal Year 1993; and</text>
</paragraph><paragraph id="HAB71C580F03247848B27BB6ED625DFD0"><enum>(2)</enum><text>the support
provided by Iran for acts of international terrorism, as part of the Department
of State’s annual reports on international terrorism.</text>
</paragraph></subsection><subsection id="HC8D8D509E1C347D5BAB6B740FE7515FC"><enum>(d)</enum><header>Reports on
global trade relating to Iran</header><text>Not later than 180 days after the
date of the enactment of the this Act and annually thereafter, the President
shall transmit to the appropriate congressional committees a report, with
respect to the most recent 12-month period for which data are available, on the
dollar value amount of trade, including in the energy sector, between Iran and
each country maintaining membership in the Group of 20 Finance Ministers and
Central Bank Governors.</text>
</subsection></section><section id="H8E11935893494F7E907F2D453A5C026D"><enum>111.</enum><header>Determinations
not reviewable</header><text display-inline="no-display-inline">A determination
to impose sanctions under this title shall not be reviewable in any
court.</text>
</section><section id="H9477C684A71046739667D67E1F3859DA"><enum>112.</enum><header>Exclusion of
certain activities</header><text display-inline="no-display-inline">Nothing in
this title shall apply to any activities subject to the reporting requirements
of title V of the National Security Act of 1947.</text>
</section><section id="HD2DFCAF54D89496EB32932829492CC6D"><enum>113.</enum><header>Definitions</header><text display-inline="no-display-inline">In this title:</text>
<paragraph id="HA1F9E8662FB34E90A70113B737DB321B"><enum>(1)</enum><header>Act of
international terrorism</header><text>The term <term>act of international
terrorism</term> has the meaning given such term in section 2331 of title 18,
United States Code.</text>
</paragraph><paragraph id="HFCD7AAEBAE1942E38CE4B9F805BC1E4F"><enum>(2)</enum><header>Appropriate
congressional committees</header><text>The term <term>appropriate congressional
committees</term> means—</text>
<subparagraph id="HA18D51C7A5F4467CB0999E7A1554920A"><enum>(A)</enum><text>the Committee on
Finance, the Committee on Banking, Housing, and Urban Affairs, and the
Committee on Foreign Relations of the Senate; and</text>
</subparagraph><subparagraph id="HDB03F31E24D443249993FF0A1650760A"><enum>(B)</enum><text>the Committee on
Ways and Means, the Committee on Banking and Financial Services, the Committee
on Financial Services, and the Committee on Foreign Affairs of the House of
Representatives.</text>
</subparagraph></paragraph><paragraph id="HC5F2005D0B4E4936BB08D52C5E0998CB"><enum>(3)</enum><header>Component
part</header><text>The term <term>component part</term> has the meaning given
such term in section 11A(e)(1) of the Export Administration Act of 1979 (50
U.S.C. App. 2410a(e)(1)).</text>
</paragraph><paragraph id="H7960E9CFB461424F9CE2F2B513D4AD93"><enum>(4)</enum><header>Credible
information</header><text display-inline="yes-display-inline">The term
<term>credible information</term> means, with respect to a person, such
person’s public announcement of an investment described in section 105, Iranian
governmental announcements of such an investment, reports to stockholders,
annual reports, industry reports, Government Accountability Office products,
and trade publications.</text>
</paragraph><paragraph id="H950BB5FDAEE24847B0946053D7CB4895"><enum>(5)</enum><header>Develop and
development</header><text display-inline="yes-display-inline">The terms
<term>develop</term> and <term>development</term> mean the exploration for, or
the extraction, refining, or transportation by pipeline of, petroleum
resources.</text>
</paragraph><paragraph id="H28B6E762707647E2BBA92FE333E74ABB"><enum>(6)</enum><header>Financial
institution</header><text>The term <term>financial institution</term>
includes—</text>
<subparagraph id="H400C9DC1E3C94FE28FC29EDAAD1F5827"><enum>(A)</enum><text>a depository
institution (as defined in section 3(c)(1) of the Federal Deposit Insurance
Act), including a branch or agency of a foreign bank (as defined in section
1(b)(7) of the International Banking Act of 1978);</text>
</subparagraph><subparagraph id="H170AD9D448804AC7AC96B0675479A41D"><enum>(B)</enum><text>a credit
union;</text>
</subparagraph><subparagraph id="H8F60EFE62CD043F085360C54176A72BC"><enum>(C)</enum><text>a securities firm,
including a broker or dealer;</text>
</subparagraph><subparagraph id="H5E08CFBD6EB74B84A06E99CF00BA7B68"><enum>(D)</enum><text>an insurance
company, including an agency or underwriter; and</text>
</subparagraph><subparagraph id="H4D129CC0F6824A649A9BCEBE99BB92D6"><enum>(E)</enum><text>any other company
that provides financial services including joint ventures with Iranian entities
both inside and outside of Iran and partnerships or investments with Iranian
government-controlled entities or affiliated entities.</text>
</subparagraph></paragraph><paragraph id="H3EF166BDF3AA4D1E9710923AD446CE12"><enum>(7)</enum><header>Finished
product</header><text>The term <term>finished product</term> has the meaning
given such term in section 11A(e)(2) of the Export Administration Act of 1979
(50 U.S.C. App. 2410a(e)(2)).</text>
</paragraph><paragraph id="H20878C8C518148289ED840E3A7DD7499"><enum>(8)</enum><header>Foreign
person</header><text>The term <term>foreign person</term> means—</text>
<subparagraph id="H322F088D469E436B87A5A11E690645AA"><enum>(A)</enum><text>an individual who
is not a United States person or an alien lawfully admitted for permanent
residence into the United States; or</text>
</subparagraph><subparagraph id="H698265EF5FD242149F4FC21D6E64D2F8"><enum>(B)</enum><text>a corporation,
partnership, joint venture, cooperative venture, or other nongovernmental
entity which is not a United States person.</text>
</subparagraph></paragraph><paragraph commented="no" id="H66F7CD94D0FB4560BA75B32001C44AC8"><enum>(9)</enum><header>Foreign
terrorist organization</header><text display-inline="yes-display-inline">The
term <term>foreign terrorist organization</term> means an organization
designated by the Secretary of State as a foreign terrorist organization in
accordance with section 219(a) of the Immigration and Nationality Act (8 U.S.C.
1189(a)).</text>
</paragraph><paragraph id="HC8AF8DA50432414A9BEE71EEBCB4EEAB"><enum>(10)</enum><header>Goods and
technology</header><text>The terms <term>goods</term> and
<term>technology</term> have the meanings given such terms in section 16 of the
Export Administration Act of 1979 (50 U.S.C. App. 2415).</text>
</paragraph><paragraph id="H297EA6CFFF164FA88783F87245E27788"><enum>(11)</enum><header>Investment</header><text>The
term <term>investment</term> means any of the following activities if any of
such activities is undertaken pursuant to an agreement, or pursuant to the
exercise of rights under such an agreement, that is entered into with the
Government of Iran or a nongovernmental entity in Iran, on or after the date of
the enactment of this Act:</text>
<subparagraph id="H84F75D87A11F4248B0D67BEA21A781ED"><enum>(A)</enum><text>The entry into a
contract that includes responsibility for the development of petroleum
resources located in Iran, or the entry into a contract providing for the
general supervision and guarantee of another person’s performance of such a
contract.</text>
</subparagraph><subparagraph id="HCB62D40C3E9D446598D241709FF6BDB3"><enum>(B)</enum><text>The purchase of a
share of ownership, including an equity interest, in the development described
in subparagraph (A).</text>
</subparagraph><subparagraph id="H3F031B295293446CB90852217CF677A3"><enum>(C)</enum><text>The entry into a
contract providing for the participation in royalties, earnings, or profits in
the development described in subparagraph (A), without regard to the form of
such participation.</text>
</subparagraph><subparagraph id="HAAE2597ECA7143758FC6A1C3F0BFAA0C"><enum>(D)</enum><text>The provision of
goods, services, or technology related to petroleum resources.</text>
</subparagraph></paragraph><paragraph id="H76A1BA09F84A4350818E61B2EE37F2C5"><enum>(12)</enum><header>Iran</header><text>The
term <term>Iran</term> includes any agency or instrumentality of Iran.</text>
</paragraph><paragraph id="H17C813CB99294497A98FE651DE6961C8"><enum>(13)</enum><header>Iranian
diplomats and representatives of other government and military or
quasi-governmental institutions of Iran</header><text>The term <term>Iranian
diplomats and representatives of other government and military or
quasi-governmental institutions of Iran</term> includes employees,
representatives, or affiliates of Iran’s—</text>
<subparagraph id="HAD1EE3B18FDC4DF4A418292731900A21"><enum>(A)</enum><text>Foreign
Ministry;</text>
</subparagraph><subparagraph id="H8721DAAD92FE4989835799CFD5331ACA"><enum>(B)</enum><text>Ministry of
Intelligence and Security;</text>
</subparagraph><subparagraph id="H903618C533E6416B9021155520F60D98"><enum>(C)</enum><text>Revolutionary
Guard Corps and affiliated entities;</text>
</subparagraph><subparagraph id="HD7220E0C534244AA8F49227B80ECFF78"><enum>(D)</enum><text>Crusade for
Reconstruction;</text>
</subparagraph><subparagraph id="H3126288BC26340BFAD60798300EC4A0A"><enum>(E)</enum><text>Qods (Jerusalem)
Forces;</text>
</subparagraph><subparagraph id="H9BA689B1CF044F14A9CEA9B8AC122F05"><enum>(F)</enum><text>Interior
Ministry;</text>
</subparagraph><subparagraph id="H26BA1E8A83E244BF98152AD69E6A2828"><enum>(G)</enum><text>Foundation for the
Oppressed and Disabled;</text>
</subparagraph><subparagraph id="H891D5AE41DA1413FB59A9084348C853E"><enum>(H)</enum><text>Prophet’s
Foundation;</text>
</subparagraph><subparagraph id="H963EBBA71AFB4EBBBE13B38F78447E6F"><enum>(I)</enum><text>June 5th
Foundation;</text>
</subparagraph><subparagraph id="HD062D4C62E0A48879A08387309E22840"><enum>(J)</enum><text>Martyr’s
Foundation;</text>
</subparagraph><subparagraph id="HA528A4FBF95245A1BF1CCFC690DDA458"><enum>(K)</enum><text>Islamic
Propagation Organization; and</text>
</subparagraph><subparagraph id="HD4D125A899AA4E129EE69A87F7421505"><enum>(L)</enum><text>Ministry of
Islamic Guidance.</text>
</subparagraph></paragraph><paragraph id="HA0DB30D3B61C4B6693C5C2C88AD46ECE"><enum>(14)</enum><header>Knowingly</header><text>The
term <term>knowingly</term>, with respect to conduct, a circumstance, or a
result means that a person has actual knowledge, or should have known, of the
conduct, the circumstance, or the result of such conduct, circumstance, or
result.</text>
</paragraph><paragraph id="H8FB3326C23D04681930175BB07983B3F"><enum>(15)</enum><header>Nuclear
explosive device</header><text>The term <term>nuclear explosive device</term>
means any device, whether assembled or disassembled, that is designed to
produce an instantaneous release of an amount of nuclear energy from special
nuclear material (as defined in section 11 aa. of the Atomic Energy Act of 1954
(42 U.S.C. 2014 aa.)) that is greater than the amount of energy that would be
released from the detonation of one pound of trinitrotoluene (TNT).</text>
</paragraph><paragraph id="HB36A19B975324B6982776FD1DB575952"><enum>(16)</enum><header>Person</header>
<subparagraph id="HF0B347BCDDD645FCB9BCEB0000C3549F"><enum>(A)</enum><header>In
general</header><text>The term <term>person</term> means—</text>
<clause id="HFC2C3FC271664CE88975F880ECF55991"><enum>(i)</enum><text>a
natural person;</text>
</clause><clause id="H14F05F649AB145DFA724284CA48F1D0A"><enum>(ii)</enum><text>a
corporation, business association, partnership, society, trust, financial
institution, insurer, underwriter, guarantor, or any other business
organization, any other nongovernmental entity, organization, or group, and any
governmental entity operating as a business enterprise; and</text>
</clause><clause id="H080938E061BD47ACBF5257B4C6573545"><enum>(iii)</enum><text>any successor to
any entity described in clause (ii).</text>
</clause></subparagraph><subparagraph id="HE37CADB7A1C6428CB12683128225B3A2"><enum>(B)</enum><header>Exclusion</header><text display-inline="yes-display-inline">The term <term>person</term> does not
include a government or governmental entity that is not operating as a business
enterprise.</text>
</subparagraph></paragraph><paragraph id="H0CE8ECC1915B461AA1DCDACD0E010603"><enum>(17)</enum><header>Petroleum
resources</header><text>The term <term>petroleum resources</term> includes
petroleum and natural gas resources, refined petroleum products, oil or
liquefied natural gas, oil or liquefied natural gas tankers, and products used
to construct or maintain pipelines used to transport oil or liquefied natural
gas.</text>
</paragraph><paragraph id="H2E8D5C5828214CD48E9396465F09541F"><enum>(18)</enum><header>Refined
petroleum products</header><text>The term <term>refined petroleum
products</term> means diesel, gasoline, jet fuel (including naphtha-type and
kerosene-type jet fuel), and aviation gasoline.</text>
</paragraph><paragraph id="H383B08666F894F17A4B5929D9BD9FAA3"><enum>(19)</enum><header>United States
or State</header><text>The terms <term>United States</term> and
<term>State</term> mean the several States, the District of Columbia, the
Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands,
American Samoa, Guam, the United States Virgin Islands, and any other territory
or possession of the United States.</text>
</paragraph><paragraph id="H93C7063F46374BCB97A312E725E23923"><enum>(20)</enum><header>United States
person</header><text>The term <term>United States person</term> means—</text>
<subparagraph id="H13E88D4A3AA441F7900F0FDEC0AD4C13"><enum>(A)</enum><text>a natural person
who is a citizen of the United States or who owes permanent allegiance to the
United States; and</text>
</subparagraph><subparagraph id="H7701F99FDD53411EBF241E3F59EC863F"><enum>(B)</enum><text>a corporation or
other legal entity that is organized under the laws of the United States or any
State if a natural person described in subparagraph (A) owns, directly or
indirectly, more than 50 percent of the outstanding capital stock or other
beneficial interest in such corporation or legal entity.</text>
</subparagraph></paragraph></section><section id="H9D5E95637D114FB287E846ADD18EA5C0"><enum>114.</enum><header>Effective
date</header><text display-inline="no-display-inline">This title shall take
effect on the date of the enactment of this Act and shall apply with respect to
an investment or activity described in subsection (a) or (b) of section 105
that is commenced on or after such date of enactment.</text>
</section><section id="HB0184AC3B3D445B1908A9C76D4427FCB"><enum>115.</enum><header>Repeal</header>
<subsection id="H90325A9D55EB46AFAC6AFCF498150447"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">The Iran Sanctions
Act of 1996 (50 U.S.C. 1701 note) is repealed.</text>
</subsection><subsection id="HB3C82E5235644ACCA3B674C89CF571DA"><enum>(b)</enum><header>Federal
Acquisition Regulation</header><text>Notwithstanding the repeal made by
subsection (a), the modification to the Federal Acquisition Regulation made
pursuant to section 6(b)(1) of the Iran Sanctions Act of 1996 shall continue in
effect until the modification to such Regulation that is made pursuant to
section 106(b)(1) of this Act takes effect.</text>
</subsection></section><enum>II</enum><header>Iran
freedom support</header>
<section id="H74CE2B36734240F08BE4C2130B781E81"><enum>201.</enum><header>Codification of
sanctions</header><text display-inline="no-display-inline">United States
sanctions with respect to Iran imposed pursuant to sections 1 and 3 of
Executive Order 12957, sections 1(e), (1)(g), and (3) of Executive Order 12959,
sections 2, 3, and 5 of Executive Order 13059 (relating to exports and certain
other transactions with Iran), and sections 1, 5, 6, 7, and 8 of Executive
Order 13553, as in effect on January 1, 2011, shall remain in effect until the
President certifies to the appropriate congressional committees, at least 90
days before the removal of such sanctions, that the Government of Iran has
verifiably dismantled its nuclear weapons program, its biological and chemical
weapons programs, its ballistic missile development programs, and ceased its
support for international terrorism.</text>
</section><section id="HF3E5FC6ACDBA4917A7EE061034F1DA6A"><enum>202.</enum><header>Declaration of
Congress regarding United States policy toward Iran</header><text display-inline="no-display-inline">It shall be the policy of the United States
to support those individuals in Iran seeking a free, democratic government that
respects the rule of law and protects the rights of all citizens.</text>
</section><section id="H78FBFBF2D1F74C66A28ADC9C428C8958"><enum>203.</enum><header>Assistance to
support democracy in Iran</header>
<subsection id="H34A29736240D4112AB812CC0B822670B"><enum>(a)</enum><header>Statement of
policy</header><text display-inline="yes-display-inline">The President is
authorized to provide financial and political assistance (including the award
of grants) to foreign and domestic individuals, organizations, and entities
that support democracy and the promotion of democracy in Iran. Such assistance
may include the award of grants to eligible independent pro-democracy
broadcasting organizations and new media that broadcast into Iran.</text>
</subsection><subsection id="H5CBB7CB652DF4195AFB221440516F5A8"><enum>(b)</enum><header>Eligibility for
assistance</header><text>Financial and political assistance authorized under
this section shall be provided only to an individual, organization, or entity
that—</text>
<paragraph id="H9AC8C6868CA749928949055C09FF724E"><enum>(1)</enum><text>officially opposes
the use of violence and terrorism and has not been designated as a foreign
terrorist organization under section 219(a) of the Immigration and Nationality
Act (8 U.S.C. 1189(a)) at any time during the preceding four years;</text>
</paragraph><paragraph id="HE56DFE2846724FDAACE69A65C4967B86"><enum>(2)</enum><text>advocates the
adherence by Iran to nonproliferation regimes for nuclear, chemical, and
biological weapons and materiel;</text>
</paragraph><paragraph id="H23909E2E583744E3A05F0E05CC4DE414"><enum>(3)</enum><text>is dedicated to
democratic values and supports the adoption of a democratic form of government
in Iran;</text>
</paragraph><paragraph id="HB589D57BE55B4A4FAD1C8EC7C8523FF3"><enum>(4)</enum><text>is dedicated to
respect for human rights, including the fundamental equality of women;</text>
</paragraph><paragraph id="H19CD0CC8DCB144A0880DBFF1248A46F3"><enum>(5)</enum><text>works to establish
equality of opportunity for all people; and</text>
</paragraph><paragraph id="HB6D34F6CF94C4604B57B3CF87A8EA7C8"><enum>(6)</enum><text>supports freedom
of the press, freedom of speech, freedom of association, and freedom of
religion.</text>
</paragraph></subsection><subsection id="HB8DF7EF027BC48E8AC0DF20BA7EB37CB"><enum>(c)</enum><header>Funding</header><text>Financial
and political assistance authorized under this section may only be provided
using—</text>
<paragraph id="H4891ECAEC77742ECA095EF84ECCDF2A1"><enum>(1)</enum><text>funds available to
the Middle East Partnership Initiative (MEPI), the Broader Middle East and
North Africa Initiative, the Human Rights and Democracy Fund, and the Near East
Regional Democracy Fund; and</text>
</paragraph><paragraph id="H5E7B67D573C4451B8592F5F78EAD9AB2"><enum>(2)</enum><text>amounts made
available pursuant to the authorization of appropriations under subsection
(f).</text>
</paragraph></subsection><subsection id="H13717BDFEE2646C29981C5D302CF574C"><enum>(d)</enum><header>Notification</header><text>Not
later than 15 days before each obligation of assistance under this section, and
in accordance with the procedures under section 634A of the Foreign Assistance
Act of 1961 (22 U.S.C. 2394–l), the President shall notify the Committee on
Foreign Affairs and the Committee on Appropriations of the House of
Representatives and the Committee on Foreign Relations and the Committee on
Appropriations of the Senate of such obligation of assistance. Such
notification shall include, as practicable, a description of the types of
programs supported by such assistance and an identification of the recipients
of such assistance.</text>
</subsection><subsection id="H45B6BDD35EF646CF8BF8995C4B67C994"><enum>(e)</enum><header>Sense of
Congress regarding diplomatic assistance</header><text>It is the sense of
Congress that—</text>
<paragraph id="HF7F47AEC0EEB491FA72BE62F03C2CF66"><enum>(1)</enum><text>contacts should be
expanded with opposition groups in Iran that meet the criteria for eligibility
for assistance under subsection (b);</text>
</paragraph><paragraph id="HC6842514520647119FC79E5073FD399B"><enum>(2)</enum><text>support for those
individuals seeking democracy in Iran should be expressed by United States
representatives and officials in all appropriate international fora; and</text>
</paragraph><paragraph id="HD3BC0F8684AE4C50953B9AD6E1768740"><enum>(3)</enum><text>officials and
representatives of the United States should—</text>
<subparagraph id="H51641D57889046F8AD22FCD92FA0A414"><enum>(A)</enum><text>strongly and
unequivocally support indigenous efforts in Iran calling for free, transparent,
and democratic elections; and</text>
</subparagraph><subparagraph id="HBFD7533DACC0470BA98444AA1F32AEF2"><enum>(B)</enum><text>draw international
attention to violations by the Government of Iran of human rights, freedom of
religion, freedom of assembly, and freedom of the press.</text>
</subparagraph></paragraph></subsection></section><section id="H11F2F9B54F9640749D616A97EC04BF0D"><enum>204.</enum><header>Imposition of
sanctions on certain persons who are responsible for or complicit in human
rights abuses committed against citizens of Iran or their family members after
the June 12, 2009, elections in Iran</header>
<subsection id="H80204AA148E8493DBC44896E0BF6FFCD"><enum>(a)</enum><header>List of persons
who are responsible for or complicit in certain human rights abuses; sanctions
on such persons</header>
<paragraph id="HAD512C62762243B18FB700011CF0BB34"><enum>(1)</enum><header>In
general</header><text>Not later than 90 days after the date of the enactment of
this Act, the President shall transmit to the appropriate congressional
committees a list of all persons who are officials of the Government of Iran,
including the Supreme Leader, the President, Members of the Cabinet, Members of
the Assembly of Experts, Members of the Ministry of Intelligence Services, or
any Member of the Iranian Revolutionary Guard Corps with the rank of brigadier
general and above, including members of paramilitary organizations such as
Ansar-e-Hezbollah and Basij-e Mostaz’afin.</text>
</paragraph><paragraph id="HB6AC9F7322124D14A29312149469931E"><enum>(2)</enum><header>Certification</header><text>The
President shall impose on the persons specified in the list under paragraph (1)
the sanctions described in subsection (b). The President shall exempt any such
person from such imposition if the President determines and certifies to the
appropriate congressional committees that such person, based on credible
evidence, is not responsible for or complicit in, or responsible for ordering,
controlling, or otherwise directing, the commission of serious human rights
abuses against citizens of Iran or their family members on or after June 12,
2009, regardless of whether such abuses occurred in Iran.</text>
</paragraph><paragraph id="H57660509333347638604A2251ACF4850"><enum>(3)</enum><header>Updates of
list</header><text>The President shall transmit to the appropriate
congressional committees an updated list under paragraph (1)—</text>
<subparagraph id="HE70C45D45AD244019ED038C186265A3E"><enum>(A)</enum><text>not later than
every 60 days beginning after the date of the initial transmittal under such
paragraph; and</text>
</subparagraph><subparagraph id="H19A4CF4CB87342769C4AC0C3827FF439"><enum>(B)</enum><text>as new information
becomes available.</text>
</subparagraph></paragraph><paragraph id="H94B9218208C748E891902FF4919565EC"><enum>(4)</enum><header>Form of report;
public availability</header>
<subparagraph id="H0C01B04FDEAF4D36921C543318873495"><enum>(A)</enum><header>Form</header><text>The
list required under paragraph (1) shall be submitted in unclassified form but
may contain a classified annex.</text>
</subparagraph><subparagraph id="H37FB3A0ADAA140C491D02B267F4ECB95"><enum>(B)</enum><header>Public
availability</header><text>The unclassified portion of the list required under
paragraph (1) shall be made available to the public and posted on the Web sites
of the Department of the Treasury and the Department of State.</text>
</subparagraph></paragraph><paragraph id="H293D5230BA8047A3AE07D7DA2D7BCD6F"><enum>(5)</enum><header>Consideration of
data from other countries and nongovernmental organizations</header><text>In
preparing the list required under paragraph (1), the President shall consider
credible data already obtained by other countries and nongovernmental
organizations, including organizations in Iran, that monitor the human rights
abuses of the Government of Iran.</text>
</paragraph></subsection><subsection id="H9F8B4064D1AC496EAAA283A5B61E6C8F"><enum>(b)</enum><header>Sanctions
described</header><text>The sanctions described in this subsection are
ineligibility for a visa to enter the United States and sanctions pursuant to
the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.),
including blocking of property and restrictions or prohibitions on financial
transactions and the exportation and importation of property, subject to such
regulations as the President may prescribe, including regulatory exceptions to
permit the United States to comply with the Agreement between the United
Nations and the United States of America regarding the Headquarters of the
United Nations, signed June 26, 1947, and entered into force November 21, 1947,
and other applicable international obligations.</text>
</subsection><subsection id="H6DE5381B5B334D6A8C509DC75A67AC2E"><enum>(c)</enum><header>Termination of
sanctions</header><text>The provisions of this section shall terminate on the
date on which the President determines and certifies to the appropriate
congressional committees that the Government of Iran has—</text>
<paragraph id="HCA09A20362514D20A877E1A6C772662E"><enum>(1)</enum><text>unconditionally
released all political prisoners, including the citizens of Iran detained in
the aftermath of the June 12, 2009, presidential election in Iran;</text>
</paragraph><paragraph id="H1C41596F08F649D1A1356B5569654DD9"><enum>(2)</enum><text>ceased its
practices of violence, unlawful detention, torture, and abuse of citizens of
Iran while engaging in peaceful political activity;</text>
</paragraph><paragraph id="HD14D70FD57D4413D90B86DC86ECFDF16"><enum>(3)</enum><text>conducted a
transparent investigation into the killings, arrests, and abuse of peaceful
political activists that occurred in the aftermath of the June 12, 2009,
presidential election in Iran and prosecuted the individuals responsible for
such killings, arrests, and abuse; and</text>
</paragraph><paragraph id="HF1436991BCD34AF08B6CF7AFEF73BC39"><enum>(4)</enum><text>has—</text>
<subparagraph id="HBF5C4A1C3F6848FBA67FBF7751E563C6"><enum>(A)</enum><text>established an
independent judiciary; and</text>
</subparagraph><subparagraph id="H24BE6F78B069452CA4613D1391F9EDC7"><enum>(B)</enum><text>is respecting the
human rights and basic freedoms recognized in the Universal Declaration of
Human Rights.</text>
</subparagraph></paragraph></subsection></section><section id="H43BE251ED73546319B19D2CB9DE0E066"><enum>205.</enum><header>Comprehensive
strategy to promote Internet freedom and access to information in Iran</header>
<subsection id="H0E011A36E15C4DFC9186199141531DE8"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Not later than 90
days after the date of the enactment of this Act and annually thereafter, the
Secretary of State shall submit to the Committees on Foreign Affairs and
Appropriations of the House of Representatives and the Committees on Foreign
Relations and Appropriations of the Senate a comprehensive strategy to—</text>
<paragraph id="H90BF965C1CBE485D91CDA379B34B7681"><enum>(1)</enum><text>help the people of
Iran produce, access, and share information freely and safely via the Internet,
including in Farsi and regional languages;</text>
</paragraph><paragraph id="HB1B73E1909234DA9BD745AF311B2AF1C"><enum>(2)</enum><text>support the
development of counter-censorship technologies that enable the citizens of Iran
to undertake Internet activities without interference from the Government of
Iran;</text>
</paragraph><paragraph id="H0CD904D5158E487D9FC4D94D166FE06B"><enum>(3)</enum><text>increase the
capabilities and availability of secure mobile communications among human
rights and democracy activists in Iran;</text>
</paragraph><paragraph id="HCD09A8E17F8849C09202BDC0D249C0AC"><enum>(4)</enum><text>provide resources
for digital safety training for media, unions, and academic and civil society
organizations in Iran;</text>
</paragraph><paragraph id="H0DFFA4BA22E74E0DB1245C2752AE1F8D"><enum>(5)</enum><text>increase the
amount of accurate Internet content in local languages in Iran;</text>
</paragraph><paragraph id="HFBB4DC751D604C3C91CFA72E1303C2EB"><enum>(6)</enum><text>increase emergency
resources for the most vulnerable human rights advocates seeking to organize,
share information, and support human rights in Iran;</text>
</paragraph><paragraph id="H159AE589333C4C269957160104A6F714"><enum>(7)</enum><text>expand surrogate
radio, television, live stream, and social network communications inside
Iran;</text>
</paragraph><paragraph id="H99FD6DF6EDD240ED8DB8C628133A381E"><enum>(8)</enum><text>expand activities
to safely assist and train human rights, civil society, and union activists in
Iran to operate effectively and securely;</text>
</paragraph><paragraph id="H1A23E88CF51944BD81F5F63C87E22517"><enum>(9)</enum><text>defeat all
attempts by the Government of Iran to jam or otherwise deny international
satellite broadcasting signals; and</text>
</paragraph><paragraph id="H5A88D7FC1FA7488C891B93D3C50C17DF"><enum>(10)</enum><text>expand worldwide
United States embassy and consulate programming for and outreach to Iranian
dissident communities.</text>
</paragraph></subsection><subsection id="H405C56A2F2894ADFB7F9F93398349ADF"><enum>(b)</enum><header>Form</header><text>The
comprehensive strategies required under subsection (a) shall be in unclassified
form and may include a classified annex.</text>
</subsection></section><enum>III</enum><header>Iran regime and
Iran Revolutionary Guard Corps accountability</header>
<section id="HC029657677CE4940985B5950DEDB68DA"><enum>301.</enum><header>Exportation of
petroleum, oil, and natural gas produced by Iran’s Islamic Revolutionary Guard
Corps or its affiliates</header>
<subsection id="H48C7846EBC5044799A352267D0FE7EEE"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Except as provided in
subsection (c), the President shall impose the sanctions described in section
106(a) with respect to a person if the President determines that such person
knowingly, on or after the date of the enactment of the Iran Threat Reduction
Act of 2011, provides any service described in subsection (b) with respect to
the exportation of petroleum, oil, or liquefied natural gas to be refined or
otherwise processed outside of Iran if—</text>
<paragraph id="HED1AE8B536DA48658B398F981F0EEADF"><enum>(1)</enum><text display-inline="yes-display-inline">Iran’s Islamic Revolutionary Guard Corps or
any of its affiliates was directly and significantly involved in the
development, extraction, production, transportation, or sale of such petroleum,
oil, or liquefied natural gas in Iran; and</text>
</paragraph><paragraph id="H00F2A67944904A4F83191454EB505FE0"><enum>(2)</enum><subparagraph commented="no" display-inline="yes-display-inline" id="HB9C7DD06F9F646E686D0FBE27B26B76F"><enum>(A)</enum><text display-inline="yes-display-inline">the fair market value of such petroleum,
oil, or liquefied natural gas is $1,000,000 or more; or</text>
</subparagraph><subparagraph id="H77DFE1F80E724EF0B7DA13064D3B6007" indent="up1"><enum>(B)</enum><text display-inline="yes-display-inline">during a 12-month period, the aggregate
fair market value of such petroleum, oil, or liquefied natural gas is
$5,000,000 or more.</text>
</subparagraph></paragraph></subsection><subsection id="H642F45FCE7EA40478909A9222D895487"><enum>(b)</enum><header>Services
described</header><text display-inline="yes-display-inline">The services
referred to in subsection (a) are—</text>
<paragraph id="H4F8F845200C747DBBAF4065AB8708D32"><enum>(1)</enum><text display-inline="yes-display-inline">refining or otherwise processing petroleum,
oil, or liquefied natural gas;</text>
</paragraph><paragraph id="H1B74B8AB530C47809E32C80897B077EE"><enum>(2)</enum><text>the provision of
ships or shipping services; or</text>
</paragraph><paragraph id="H2814803846294EB2B042FA811EB700BA"><enum>(3)</enum><text>financing,
brokering, underwriting, or providing insurance or reinsurance.</text>
</paragraph></subsection><subsection id="HA964F7284F2F481AA2B3A871E0FDB7B8"><enum>(c)</enum><header>Exception for
underwriters and insurance providers exercising due diligence</header><text display-inline="yes-display-inline">The President may not impose sanctions
under this paragraph with respect to a person that provides underwriting
services or insurance or reinsurance if the President determines that such
person has exercised due diligence in establishing and enforcing official
policies, procedures, and controls to ensure that such person does not
underwrite or enter into a contract to provide insurance or reinsurance with
respect to the exportation of petroleum, oil, or liquefied natural gas in
violation of subsection (a).</text>
</subsection></section><section id="H486C1DDE776545F89D50D02054D03457"><enum>302.</enum><header>Iranian
activities in Iraq and Afghanistan</header>
<subsection id="HCBE2969EE26049A992F2B4434CA218DA"><enum>(a)</enum><header>Freezing of
assets</header><text display-inline="yes-display-inline">In accordance with
subsection (b), all property and interests in property of the foreign persons
described in Executive Orders 13382 and 13224, or their affiliates, that are in
the United States, that on or after the date of the enactment of this Act come
within the United States, or that on or after the date of the enactment of this
Act come within the possession or control of United States persons, are blocked
and may not be transferred, paid, exported, withdrawn, or otherwise dealt in
with respect to any such person determined by the Secretary of State, in
consultation with the Secretary of the Treasury and the Secretary of Defense
to—</text>
<paragraph id="H66DA30B377844392A48FF2C938B1EC16"><enum>(1)</enum><text>have committed, or
to pose a significant risk of committing, an act or acts of violence that have
the purpose or effect of—</text>
<subparagraph id="H5445B69BB6494F3D9B195986B1EA280B"><enum>(A)</enum><text>threatening the
peace or stability of Iraq or the Government of Iraq;</text>
</subparagraph><subparagraph id="HD79E59DCE7FD4D7F88F8F761EB2EA04B"><enum>(B)</enum><text>undermining
efforts to promote economic reconstruction and political reform in Iraq or to
provide humanitarian assistance to the Iraqi people;</text>
</subparagraph><subparagraph id="HD409CDEE6E744293B6D2647DA22B6929"><enum>(C)</enum><text>threatening the
peace or stability of Afghanistan or the Government of Afghanistan; or</text>
</subparagraph><subparagraph id="H1BA1497F944E4E07B0E479C4B4A52739"><enum>(D)</enum><text>undermining
efforts to promote economic reconstruction and political reform in Afghanistan
or to provide humanitarian assistance to the Afghan people;</text>
</subparagraph></paragraph><paragraph id="H7EC76A77617544E1828E5AD9217BB04D"><enum>(2)</enum><text>have materially
assisted, sponsored, or provided financial, material, logistical, or technical
support for, or goods or services in support of, such an act or acts of
violence or any person or entity whose property and interests in property are
blocked pursuant this subsection; or</text>
</paragraph><paragraph id="H1468C973ACF94EA491B0F833DCAF68D8"><enum>(3)</enum><text>be owned or
controlled by, or to have acted or purported to act for or on behalf of,
directly or indirectly, any person whose property and interests in property are
blocked pursuant to this subsection.</text>
</paragraph></subsection><subsection id="HA3CFFE800D1B41BEB891FC54B85BC0FC"><enum>(b)</enum><header>Description of
prohibitions</header><text>The prohibitions described in subsection (a)
include—</text>
<paragraph id="H42EF7047122E46B7ACD2713161793EE5"><enum>(1)</enum><text>the making of any
contribution or provision of funds, goods, or services by, to, or for the
benefit of any person whose property and interests in property are blocked;
and</text>
</paragraph><paragraph id="H2E3A96B94D954828BCA55D2BFB158B4D"><enum>(2)</enum><text>the receipt of any
contribution or provision of funds, goods, or services from any such
person.</text>
</paragraph></subsection><subsection id="H715A3F58C34C4A218E94319BD9707FD0"><enum>(c)</enum><header>Statement of
policy</header><text>An increase in both the quantity and quality of Iranian
arms shipments and technological expertise to the Iraqi insurgents, the
Taliban, other terrorist organizations, and criminal elements has the potential
to significantly change the battlefield in both Iraq and Afghanistan, and lead
to a large increase in United States, International Security Assistance Force,
Coalition, and Iraqi and Afghan casualties.</text>
</subsection></section><section id="HCEA04EF270CC4D959BD2DE73CFDD5CC2"><enum>303.</enum><header>United States
policy toward Iran</header>
<subsection id="HBE8623DCEE264974A33D06099E68691D"><enum>(a)</enum><header>National
strategy required</header><text>The President shall develop a strategy, to be
known as the <quote>National Strategy to Counter Iran</quote> that provides
strategic guidance for activities that support the objective of addressing,
countering, and containing the threats posed by Iran.</text>
</subsection><subsection id="H7148482205594BD8BCCB6EFD2A50EF61"><enum>(b)</enum><header>Annual
report</header>
<paragraph id="H78892CC9E89146ABAF099F31B4222766"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">Not later than
January 30 of each year, the President shall transmit to the appropriate
congressional committees in Congress a report on the current and future
strategy of the United States toward Iran, and the implementation of the
National Strategy to Counter Iran required under subsection (a).</text>
</paragraph><paragraph id="HD44CC5DD8E2449299A963E7AE0FB0D78"><enum>(2)</enum><header>Form</header><text>If
the President considers it appropriate, the report required under this
subsection, or appropriate parts thereof, may be transmitted in classified
form.</text>
</paragraph></subsection><subsection id="H8F86F4746A5C4D55B41C1088C86A6A0F"><enum>(c)</enum><header>Matters To be
included</header><text>The report required under subsection (b) shall include a
description of the security posture and objectives of Iran, including at least
the following:</text>
<paragraph id="HFDF046AB06C94F7F96B8BCB031AE1D03"><enum>(1)</enum><text>A
description and assessment of Iranian grand strategy and security strategy,
including—</text>
<subparagraph id="H83388642711F4C99B817F80388E05022"><enum>(A)</enum><text>the goals of
Iran’s grand strategy and security strategy, and strategic objectives;
and</text>
</subparagraph><subparagraph id="H7120289F76D74108AAB81B405B59BAD9"><enum>(B)</enum><text>Iranian strategy
to achieve such objectives in the Middle East, Europe, Africa, Western
Hemisphere, and Asia.</text>
</subparagraph></paragraph><paragraph id="H694EDE9EDD0A4D08ABD7FA4E001A4417"><enum>(2)</enum><text>An assessment of
the capabilities of Iran’s conventional forces and Iran’s unconventional
forces, including—</text>
<subparagraph id="H549CCA339A89478EA63B3A073DF3C008"><enum>(A)</enum><text>the size and
capabilities of Iran’s conventional forces and Iran’s unconventional
forces;</text>
</subparagraph><subparagraph id="HE9E65BC8C25941B4ACF3AE296550EAAD"><enum>(B)</enum><text>an analysis of the
formal and informal national command authority for Iran’s conventional forces
and Iran’s unconventional forces;</text>
</subparagraph><subparagraph id="H36EEAD71A1FE46D7AA400E2E2096F0A3"><enum>(C)</enum><text>the size and
capability of Iranian foreign and domestic intelligence and special operations
units, including the Iranian Revolutionary Guard Corps-Quds Force;</text>
</subparagraph><subparagraph id="HDCFEF0910B1147D1966B20165BDC0787"><enum>(D)</enum><text>a description and
analysis of Iranian military doctrine;</text>
</subparagraph><subparagraph id="H5BD4D6FFAEF44581A5836893CE010DB8"><enum>(E)</enum><text>the types and
amount of support, including funding, lethal and nonlethal supplies, and
training, provided to groups designated by the United States as foreign
terrorist organizations and regional militant groups; and</text>
</subparagraph><subparagraph id="HBAC23D1254EB439F885A3FFBE23120A0"><enum>(F)</enum><text>an estimate of the
levels of funding and funding and procurement sources by Iran to develop and
support Iran’s conventional forces and Iran’s unconventional forces.</text>
</subparagraph></paragraph><paragraph id="H884DDB9B9AB24C76A48711EACBC69C2C"><enum>(3)</enum><text>An assessment of
Iranian strategy and capabilities related to nuclear, unconventional, and
missile forces development, including—</text>
<subparagraph id="HEE30D1E55F4E4D5589AAA16340CE90B0"><enum>(A)</enum><text>a summary and
analysis of nuclear weapons capabilities;</text>
</subparagraph><subparagraph id="HA0302B033751447B877261A49B0A8CA8"><enum>(B)</enum><text>an estimate of the
amount and sources of funding expended by, and an analysis of procurement
networks utilized by, Iran to develop its nuclear weapons capabilities;</text>
</subparagraph><subparagraph id="HE0A5320A6BC84E6093F6EF4FC1C731C7"><enum>(C)</enum><text>a summary of the
capabilities of Iran’s unconventional weapons and Iran’s ballistic missile
forces and Iran’s cruise missile forces, including developments in the
preceding year, the size of Iran’s ballistic missile forces and Iran’s cruise
missile forces, and the locations of missile launch sites;</text>
</subparagraph><subparagraph id="H2EC0DC9EB0DE4126A4385EE8F3EA110A"><enum>(D)</enum><text>a detailed
analysis of the effectiveness of Iran’s unconventional weapons and Iran’s
ballistic missile forces and Iran’s cruise missile forces; and</text>
</subparagraph><subparagraph id="HB3D6ECE39BA4483D9DE64770B31C1E27"><enum>(E)</enum><text>an estimate of the
amount and sources of funding expended by, and an analysis of procurement
networks utilized by, Iran on programs to develop a capability to develop
unconventional weapons and Iran’s ballistic missile forces and Iran’s cruise
missile forces.</text>
</subparagraph></paragraph><paragraph id="H6DD32D3511144950A0A0D834C4EFDC9F"><enum>(4)</enum><text>The Government of
Iran’s economic strategy, including—</text>
<subparagraph id="H2CF120A3EE3E4A1586819423A42E9CF7"><enum>(A)</enum><text>sources of funding
for the activities of the Government of Iran described in this section;</text>
</subparagraph><subparagraph id="H02420012EE614D7F83C428A07088ECAC"><enum>(B)</enum><text>the role of the
Government of Iran in the formal and informal sector of the domestic Iranian
economy;</text>
</subparagraph><subparagraph id="H33510C29DE144CC9B14560A537CD8A21"><enum>(C)</enum><text>evasive and other
efforts by the Government of Iran to circumvent international and bilateral
sanctions regimes;</text>
</subparagraph><subparagraph id="HA6B2D233CED44AFE9CFCC0AB972B0560"><enum>(D)</enum><text>the effect of
bilateral and multilateral sanctions on the ability of Iran to implement its
grand strategy and security strategy described in paragraph (1); and</text>
</subparagraph><subparagraph id="H81D3B5B3E1CC4A4EB7E714F60DC7763B"><enum>(E)</enum><text>Iran’s strategy
and efforts to leverage economic and political influence, cooperation, and
activities in the Middle East Europe, Africa, Western Hemisphere, and
Asia.</text>
</subparagraph></paragraph><paragraph commented="no" id="H4320B91B9CA5440DA0F2CD39587D5458"><enum>(5)</enum><text>Key
vulnerabilities identified in paragraph (1), and an implementation plan for the
National Strategy to Counter Iran required under subsection (a).</text>
</paragraph></subsection><subsection id="H78B5E92D1ECF4C11B10BA07E2E5FC5EA"><enum>(d)</enum><header>Classified
annex</header><text>The reports required under subsection (b) shall be in
unclassified form to the greatest extent possible, and may include a classified
annex where necessary.</text>
</subsection></section><section id="H655260A0999349D59DE54E03F8DB5685"><enum>304.</enum><header>Definitions</header><text display-inline="no-display-inline">In this title:</text>
<paragraph id="HA71B64C9C3DF4E6E9754AB1D189F233E"><enum>(1)</enum><header>Appropriate
congressional committees</header><text>The term <term>appropriate congressional
committees</term> means—</text>
<subparagraph id="H9D5725B3D7154BEC9758A63A326A6DC1"><enum>(A)</enum><text>the Committee on
Foreign Affairs, the Committee on Armed Services, the Committee on
Appropriations, and the Permanent Select Committee on Intelligence of the House
of Representatives; and</text>
</subparagraph><subparagraph id="H76790EE1494F4A159EEC5A7AB8055C51"><enum>(B)</enum><text>the Committee on
Foreign Relations, the Committee on Armed Services, the Committee on
Appropriations, and the Permanent Select Committee on Intelligence of the
Senate.</text>
</subparagraph></paragraph><paragraph id="H27D6AB7687A24DB58E62C6D856EB05BF"><enum>(2)</enum><header>Iran’s ballistic
missile forces</header><text>The term <term>Iran’s ballistic missile
forces</term> means those elements of the Government of Iran that employ
ballistic missiles.</text>
</paragraph><paragraph id="H26B6625958EF4E32B7AF6B8A730DFBA3"><enum>(3)</enum><header>Iran’s ballistic
missile and unconventional weapons</header><text>The term <term>Iran’s
ballistic missile and unconventional weapons</term> means Iran’s ballistic
missile forces and chemical, biological, and radiological weapons
programs.</text>
</paragraph><paragraph id="HA9E649E1A694465D907C842AFCB71A3F"><enum>(4)</enum><header>Iran’s cruise
missile forces</header><text>The term <term>Iran’s cruise missile forces</term>
means those elements of the Government of Iran that employ cruise missiles
capable of flights less than 500 kilometers.</text>
</paragraph><paragraph id="HAA90FC92D80E48EE9D9F69AB9C5F620B"><enum>(5)</enum><header>Iran’s
conventional forces</header><text>The term <term>Iran’s conventional
forces</term>—</text>
<subparagraph id="H0BAA6469D16741C19208F5A8173F8E87"><enum>(A)</enum><text>means military
forces of Iran designed to conduct operations on sea, air, or land, other than
Iran’s unconventional forces and Iran’s ballistic missile forces and Iran’s
cruise missile forces; and</text>
</subparagraph><subparagraph id="H3BB4A28DF9FC4F538F93BEEB5DD3F36F"><enum>(B)</enum><text>includes Iran’s
Army, Air Force, Navy, domestic law enforcement, and elements of the Iranian
Revolutionary Guard Corps, other than the Iranian Revolutionary Guard Corps
Quds Force.</text>
</subparagraph></paragraph><paragraph id="HBBD3C2444DFE457785BA4D37CD54D1FA"><enum>(6)</enum><header>Iran’s
unconventional forces</header><text>The term <term>Iran’s unconventional
forces</term>—</text>
<subparagraph id="H85A2B17023274F5884DF39FDDEED6D08"><enum>(A)</enum><text>means forces of
Iran that carry out missions typically associated with special operations
forces; and</text>
</subparagraph><subparagraph id="H44214ED709EE4CD2AD2465B971AD3D13"><enum>(B)</enum><text>includes—</text>
<clause id="H23A7C92F03744CDBAADB56CDA4895214"><enum>(i)</enum><text>the
Iranian Revolutionary Guard Corps-Quds Force;</text>
</clause><clause id="H3B08048DF56D47E5820047B007F466F7"><enum>(ii)</enum><text>paramilitary
organizations;</text>
</clause><clause id="H5C29D4BC96E54D1196A605EC8C3C77D0"><enum>(iii)</enum><text>formal and
informal intelligence agencies and entities; and</text>
</clause><clause id="H39305B87422F4D84B673A4A6217C52EA"><enum>(iv)</enum><text>any
organization that—</text>
<subclause id="H1D27463C67074A57BBCFE330F738FF06"><enum>(I)</enum><text>has been
designated as a foreign terrorist organization under section 219(a) of the
Immigration and Nationality Act (8 U.S.C. 1189(a));</text>
</subclause><subclause id="HBE50BE8A64CC4C01AB30A88A93A52FC4"><enum>(II)</enum><text>receives
assistance from Iran; and</text>
</subclause><subclause id="H0BAF5FBA896B430AA494B4A7FF94D4D3"><enum>(III)</enum><text>is
assessed—</text>
<item id="H0AB15064D21C4E10ACF624932EE247B4"><enum>(aa)</enum><text>as
being willing in some or all cases of carrying out attacks on behalf of Iran;
or</text>
</item><item id="HDCCF6334140F43F3963604B585C5BBEB"><enum>(bb)</enum><text>as
likely to carry out attacks in response to an attack by another country on Iran
or its interests.</text>
</item></subclause></clause></subparagraph></paragraph></section><enum>IV</enum><header>Iran
financial sanctions; divestment from certain companies that invest in Iran; and
prevention of diversion of certain goods, services, and technologies to
Iran</header>
<section id="H3F1AF58017BC4F29918E39AF9CC12365"><enum>401.</enum><header>Iran financial
sanctions</header>
<subsection id="HD4D432E72B4E45B3A594ECB114DC25BC"><enum>(a)</enum><header>Financial
institution certification</header><text display-inline="yes-display-inline">Section 104(e) of the Comprehensive Iran
Sanctions, Accountability, and Divestment Act of 2010 (Public Law 111–195; 22
U.S.C. 8513(e)) is amended by adding at the end the following new
paragraph:</text>
<quoted-block display-inline="no-display-inline" id="HC235676ED0EA49588B7463E551B0A878" style="OLC">
<paragraph id="H49CDD76B91E746D2934541BD22EADF45"><enum>(3)</enum><header>Certification</header><text display-inline="yes-display-inline">Not later than 90 days after the date of
the enactment of this paragraph, the Secretary of the Treasury shall prescribe
regulations to require any person owned or controlled by a domestic financial
institution to provide positive certification to the Secretary that such person
is not engaged in corresponding relations or business activity with a foreign
person or financial institution that facilitates transactions from persons and
domestic financial institutions described in subsection
(d).</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HA06FC1A0177A4407975994AE31DF0DCF"><enum>(b)</enum><header>Report on the
activities of the Central Bank of Iran</header><text display-inline="yes-display-inline">Section 104 of the Comprehensive Iran
Sanctions, Accountability, and Divestment Act of 2010 is amended—</text>
<paragraph id="H98E42BDF577E493DBBA49DCE39D06EC0"><enum>(1)</enum><text>by redesignating
subsection (i) as subsection (j); and</text>
</paragraph><paragraph id="H8D82552CED124EACA0BA0D371AEB2247"><enum>(2)</enum><text>by inserting after
subsection (h) the following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="HC261670BFE054261BD92CB9B74909747" style="OLC">
<subsection id="HA4526BF88C0F4EC3A8FB79969C5DF902"><enum>(i)</enum><header>Report on the
activities of the Central Bank of Iran</header>
<paragraph id="H9A50456A49CD4223900D3C96692B2934"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">Not later than 90
days after the date of the enactment of this subsection and annually
thereafter, the Secretary of State, in consultation with the Secretary of the
Treasury, shall submit to Congress a report on how the activities of the
Central Bank of Iran facilitate Iran’s efforts to acquire nuclear weapons
capabilities, unconventional weapons and ballistic and cruise missile
development, and activities as a designated state sponsor of terrorism.</text>
</paragraph><paragraph id="HDB08590CAF1B45429A8A290757E4885F"><enum>(2)</enum><header>Form</header><text>The
reports required under this subsection shall be submitted in unclassified form
and may contain a classified
annex.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" id="H4C966F8CA7C444B3B448E934F7D0E31C"><enum>(c)</enum><header>Continuation in
effect</header><text display-inline="yes-display-inline">Sections 104, 106,
107, 108, 109, 110, 111, and 115 of the Comprehensive Iran Sanctions,
Accountability, and Divestment Act of 2010 shall remain in effect until the
President makes the certification described in section 602 of this Act.</text>
</subsection></section><section id="H940C82AD33B34FC4AFAB78F4714EEE93"><enum>402.</enum><header>Divestment from
certain companies that invest in Iran</header><text display-inline="no-display-inline">Title II of the Comprehensive Iran
Sanctions, Accountability, and Divestment Act of 2010 shall remain in effect
until the President makes the certification described in section 602 of this
Act.</text>
</section><section id="HAFBA9737BE2148A7A08F3A23797EB39B"><enum>403.</enum><header>
Prevention of diversion of certain goods, services, and technologies to
Iran</header><text display-inline="no-display-inline">Title III of the
Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 shall
remain in effect until the President makes the certification described in
section 602 of this Act.</text>
</section><enum>V</enum><header>Securities and
Exchange Commission</header>
<section id="HD0E040EA15DB44AC9888712BAFB7E47E"><enum>501.</enum><header>Disclosures to
the Securities and Exchange Commission relating to sanctionable
activities</header>
<subsection id="H0B819C8EA8BB4A2B8F8061C9D3301BB8"><enum>(a)</enum><header>In
General</header><text>Section 13 of the Securities Exchange Act of 1934 (15
U.S.C. 78m) is amended by adding at the end the following new
subsection:</text>
<quoted-block id="H7172C8FADACC412D83178CFB623AD7DB" style="OLC">
<subsection id="HF8F30FF24C3942F0AA73AEA47A0230EB"><enum>(r)</enum><header>Disclosure of
certain activities relating to Iran, terrorism, and the proliferation of
weapons of mass destruction</header>
<paragraph id="H51990F320AAF45D9BAF3EF7C2BDCF9BE"><enum>(1)</enum><header>General
disclosure required</header><text>Each issuer required to file an annual or
quarterly report under subsection (a) shall include with such report a
statement of whether, during the period since the issuer made the last such
report, the issuer or any affiliate of the issuer—</text>
<subparagraph id="HDBC4F02D9B5141969EAB45C72CEE4071"><enum>(A)</enum><text>engaged in an
activity described in section 5 of the Iran Sanctions Act of 1996 (Public Law
104–172; 50 U.S.C. 1701 note);</text>
</subparagraph><subparagraph id="H5230C2399CE44528A0426B53827767C6"><enum>(B)</enum><text>knowingly engaged
in an activity described in subsection (c)(2) of section 104 of the
Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010
(Public Law 111–195; 22 U.S.C. 8513) or knowingly violated regulations
prescribed under subsection (d)(1) or (e)(1) of such section 104; or</text>
</subparagraph><subparagraph id="H9C46748691BD4FAF968E1473AD4F0FC7"><enum>(C)</enum><text>knowingly
conducted any transaction or dealing with—</text>
<clause id="HA292D891C559420694AE95ED635F5C47"><enum>(i)</enum><text>any person the
property and interests in property of which are blocked pursuant to Executive
Order 13224 (66 Fed. Reg. 49079; relating to blocking property and prohibiting
transacting with persons who commit, threaten to commit, or support
terrorism);</text>
</clause><clause id="HB64F1EB9260444B79CF6ADBF4DE4A671"><enum>(ii)</enum><text>any person the
property and interests in property of which are blocked pursuant to Executive
Order 13382 (70 Fed. Reg. 38567; relating to blocking of property of weapons of
mass destruction proliferators and their supporters); or</text>
</clause><clause id="H73A304CA8EC24199BC3E6E5942827DF8"><enum>(iii)</enum><text>any person on
the list contained in Appendix A to part 560 of title 31, Code of Federal
Regulations (commonly known as the <quote>Iranian Transactions
Regulations</quote>).</text>
</clause></subparagraph></paragraph><paragraph id="HC9C2FEE893EC44258CDF84122AA51C35"><enum>(2)</enum><header>Specific
disclosure required</header><text>If an issuer reports under paragraph (1) that
the issuer or an affiliate of the issuer has engaged in any activity described
in that paragraph, the issuer shall include with the statement required under
that paragraph a detailed description of each such activity, including—</text>
<subparagraph id="H3F16200D16E24E8F8889FF288865FB51"><enum>(A)</enum><text>the nature and
extent of the activity;</text>
</subparagraph><subparagraph id="HF7607301EA6E4404B3EAC3E5BE59BC13"><enum>(B)</enum><text>the revenues and
profits, if any, attributable to the activity; and</text>
</subparagraph><subparagraph id="H99811F6AE5FE43BC9570945DBFC833CB"><enum>(C)</enum><text>whether the issuer
or the affiliate of the issuer (as the case may be) intends to continue the
activity.</text>
</subparagraph></paragraph><paragraph id="H2D6C080F51A144EEA2260E8B62E6CE0E"><enum>(3)</enum><header>Investigation of
disclosures</header><text>When the Commission receives a report under paragraph
(1) from an issuer that the issuer or an affiliate of the issuer has engaged in
any activity described in that paragraph, the President shall—</text>
<subparagraph id="H32A7E9C883454A36AF7C1B9C2BA27C4F"><enum>(A)</enum><text>initiate an
investigation into the possible imposition of sanctions under the Iran
Sanctions Act of 1996 (Public Law 104–172; 50 U.S.C. 1701 note), section 104 of
the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010
(22 U.S.C. 8513), the Executive Orders or regulations specified in paragraph
(1)(C), or any other provision of law; and</text>
</subparagraph><subparagraph id="H5A473FB10B86492688855D0FF6705711"><enum>(B)</enum><text>not later than 180
days after initiating such an investigation, make a determination with respect
to whether sanctions should be imposed with respect to the issuer or the
affiliate of the issuer (as the case may be).</text>
</subparagraph></paragraph><paragraph id="H22CB37BABD23401EA08A51FFB1C586B3"><enum>(4)</enum><header>Public
disclosure of information</header><text>The Commission shall promptly—</text>
<subparagraph id="H31253F3EFC8B435BAD4C762A61BBE260"><enum>(A)</enum><text>make the
information provided to the Commission under paragraphs (1) and (2) available
to the public by posting the information on the Internet Web site of the
Commission; and</text>
</subparagraph><subparagraph id="HACF93644B51C4717AC7A36BDD4EAA64E"><enum>(B)</enum><text>provide a copy of
that information to—</text>
<clause id="H3C98FEE6044A4C38B1186F25E77F940F"><enum>(i)</enum><text>the
President;</text>
</clause><clause id="H5B1C4E2805E649408668F0582448B15B"><enum>(ii)</enum><text>the Committee on
Foreign Affairs and the Committee on Financial Services of the House of
Representatives; and</text>
</clause><clause id="H7FB71F774CF043A9B18C7E2A20002447"><enum>(iii)</enum><text>the Committee on
Foreign Relations and the Committee on Banking, Housing, and Urban Affairs of
the Senate.</text>
</clause></subparagraph></paragraph><paragraph id="H8FEA4722523A44C4A06F4F16427BD827"><enum>(5)</enum><header>Sunset</header><text>The
provisions of this subsection shall terminate on the date that is 30 days after
the date on which the President makes the certification described in section
401(a) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act
of 2010 (22 U.S.C.
8551(a)).</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H76456DF0DC4C408BB0D40504CAF424E5"><enum>(b)</enum><header>Effective
Date</header><text>The amendment made by subsection (a) shall take effect with
respect to reports required to be filed with the Securities and Exchange
Commission after the date that is 90 days after the date of the enactment of
this Act.</text>
</subsection></section><enum>VI</enum><header>General
provisions</header>
<section id="H73E57705C959481180F3C6E47F516B92"><enum>601.</enum><header>Denial of visas
for certain persons of the Government of Iran</header>
<subsection id="H3344037AE07542FBB923A8687681DDD2"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Except as necessary
to meet United States obligations under the Agreement between the United
Nations and the United States of America regarding the Headquarters of the
United Nations, signed June 26, 1947, and entered into force November 21, 1947,
and other applicable international treaty obligations, the Secretary of State
shall deny a visa to and the Secretary of Homeland Security shall exclude from
the United States a person of the Government of Iran pursuant to section
6(j)(1)(A) of the Export Administration Act of 1979 (as in effect pursuant to
the International Emergency Economic Powers Act; 50 U.S.C. 1701 et seq.),
section 40(d) of the Arms Export Control Act (22 U.S.C. 2780(d)), and section
620A of the Foreign Assistance Act of 1961 (22 U.S.C. 2371) if the Secretary
determines that such person—</text>
<paragraph id="H93C368E568244A798C41D308F2A7ECCE"><enum>(1)</enum><text>is an agent,
instrumentality, or official of, is affiliated with, or is serving as a
representative of the Government of Iran; and</text>
</paragraph><paragraph id="H5F370995EE69427DA0A291D56E9904BE"><enum>(2)</enum><text>presents a threat
to the United States or is directly or indirectly affiliated with terrorist
organizations.</text>
</paragraph></subsection><subsection id="H7ED91FC995D64008A527A1870BCC75D3"><enum>(b)</enum><header>Restriction on
movement</header><text>The Secretary of State shall restrict in Washington, DC,
and at the United Nations in New York City, the travel to only within a 25-mile
radius of Washington, DC, or the United Nations headquarters building,
respectively, of any person identified in subsection (a).</text>
</subsection></section><section id="HE0DD1C49C30A442C9EC83D65802FDF8E"><enum>602.</enum><header>Sunset</header>
<subsection id="HEED8262839714744BB74B53FC0E8AD2A"><enum>(a)</enum><header>Sunset</header><text>The
provisions of this Act shall terminate, and shall cease to be effective, on the
date that is 30 days after the date on which the President certifies to
Congress that Iran—</text>
<paragraph id="H5450E94B85D94BD0970048557D65026C"><enum>(1)</enum><text>has ceased and
verifiably dismantled its efforts to design, develop, manufacture, or
acquire—</text>
<subparagraph id="H3EE9BE752D6145EEA7E84E9C5B923F5A"><enum>(A)</enum><text>a nuclear
explosive device or related materials and technology;</text>
</subparagraph><subparagraph id="H8096931746E0447D88934F02DE4C7290"><enum>(B)</enum><text>chemical and
biological weapons; and</text>
</subparagraph><subparagraph id="H6342CE67403041C4AB9CA8AD2CD9D20D"><enum>(C)</enum><text>ballistic missiles
and ballistic missile launch technology;</text>
</subparagraph></paragraph><paragraph id="HB92B81F5F7244293B106019A58B461DE"><enum>(2)</enum><text>no longer provides
support for acts of international terrorism; and</text>
</paragraph><paragraph id="HFCDBD54A033F4A0F85DBD07AEAC6AC4A"><enum>(3)</enum><text>poses no threat to
United States national security, interests, or allies.</text>
</paragraph></subsection><subsection id="H777DC40323114B48AAE8616C03C99213"><enum>(b)</enum><header>Notification</header><text>The
President shall notify the Committee on Foreign Affairs of the House of
Representatives and the Committee on Foreign Relations of the Senate not later
than 15 days before making a certification described in subsection (a).</text>
</subsection></section>