[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1905 Referred in Senate (RFS)]
112th CONGRESS
1st Session
H. R. 1905
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
December 14, 2011
Received; read twice and referred to the Committee on Foreign Relations
_______________________________________________________________________
AN ACT
To strengthen Iran sanctions laws for the purpose of compelling Iran to
abandon its pursuit of nuclear weapons and other threatening
activities, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE; TABLE OF CONTENTS.
(a) Short Title.--This Act may be cited as the ``Iran Threat
Reduction Act of 2011''.
(b) Table of Contents.--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. Definitions.
Sec. 113. Effective date.
Sec. 114. Repeal.
TITLE II--IRAN FREEDOM SUPPORT
Sec. 201. Codification of sanctions.
Sec. 202. Liability of parent companies for violations of sanctions by
foreign subsidiaries.
Sec. 203. Declaration of Congress regarding United States policy toward
Iran.
Sec. 204. Assistance to support democracy in Iran.
Sec. 205. 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. 206. Clarification of sensitive technologies for purposes of
procurement ban.
Sec. 207. Comprehensive strategy to promote internet freedom and access
to information in Iran.
TITLE III--IRAN REGIME AND IRAN'S ISLAMIC REVOLUTIONARY GUARD CORPS
ACCOUNTABILITY
Sec. 301. Iran's Islamic Revolutionary Guard Corps.
Sec. 302. Additional export sanctions against Iran.
Sec. 303. Sanctions against affiliates of Iran's Islamic Revolutionary
Guard Corps.
Sec. 304. Measures against foreign persons or entities supporting
Iran's Islamic Revolutionary Guard Corps.
Sec. 305. Special measures against foreign countries supporting Iran's
Islamic Revolutionary Guard Corps.
Sec. 306. Authority of State and local governments to restrict
contracts or licenses for certain
sanctionable persons.
Sec. 307. Iranian activities in Iraq and Afghanistan.
Sec. 308. United States policy toward Iran.
Sec. 309. Definitions.
Sec. 310. Rule of construction.
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. Inadmissibility of certain aliens who engage in certain
activities with respect to Iran.
Sec. 603. Amendments to civil and criminal penalties provisions under
the International Emergency Economic Powers
Act.
Sec. 604. Exclusion of certain activities.
Sec. 605. Regulatory authority.
Sec. 606. Sunset.
SEC. 2. FINDINGS.
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 United States 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, the Government of Syria, 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
United States 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 United
States 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 United States 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 and Libya Sanctions Act of 1996 was signed into
law, now known as the Iran Sanctions Act of 1996. 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) Laws such as the Iran and Libya Sanctions Act of 1996,
which was retitled the Iran Sanctions Act of 1996, paved the
way for the enactment of similar laws, such as the Iran, North
Korea and Syria Nonproliferation Act, the Iran-Iraq Arms Non-
Proliferation Act of 1992, the Iran Freedom Support Act, and
the Comprehensive Iran Sanctions, Accountability, and
Divestment Act of 2010.
(11) United States 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 (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 of 1996. Although more
than 16 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 United
States, despite multiple reports of potentially sanctionable
activity by such entities. Although, in accordance with the
Comprehensive Iran Sanctions, Accountability, and Divestment
Act of 2010, some potentially sanctionable entities have been
persuaded to wind down and end their involvement in Iran,
others have not.
(15) It is unlikely that Iran can be compelled to abandon
its pursuit of nuclear weapons unless sanctions are fully and
effectively implemented.
SEC. 3. STATEMENT OF POLICY.
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 deprive the Government of
Iran of necessary resources and 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.
TITLE I--IRAN ENERGY SANCTIONS
SEC. 101. FINDINGS.
Congress makes the following findings:
(1) 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.
(2) 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.
(3) 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.
SEC. 102. SENSE OF CONGRESS.
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.
SEC. 103. DECLARATION OF POLICY.
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.
SEC. 104. MULTILATERAL REGIME.
(a) Multilateral Negotiations.--In order to further the objectives
of section 103 of this Act, 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--
(1) qualitatively expanding the United Nations Security
Council sanctions regime against Iran;
(2) qualitatively expanding the range of sanctions by the
European Union, South Korea, Japan, Australia, and other key
United States allies;
(3) further efforts to limit Iran's development of
petroleum resources and import of refined petroleum; and
(4) initiatives aimed at increasing non-Iranian crude oil
product output for current purchasers of Iranian petroleum and
petroleum byproducts.
(b) Reports to Congress.--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--
(1) the countries that have agreed to undertake measures to
further the objectives of section 103 of this Act with respect
to Iran, and a description of those measures; and
(2) 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 of
this Act with respect to Iran.
(c) Interim Report on Multilateral Sanctions; Monitoring.--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--
(1) 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;
(2) the extent and duration of each instance of the
application of such sanctions; and
(3) the disposition of any decision with respect to such
sanctions by the World Trade Organization or its predecessor
organization.
(d) Investigations.--
(1) In general.--The President shall initiate an
investigation into the possible imposition of sanctions under
section 105 of this Act 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.
(2) Determination and notification.--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 of this Act, 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.
(3) Briefing.--
(A) In general.--Not later than 30 days after the
date of the enactment of this Act, and at the end of
every 3-month period thereafter, the President, acting
through the Secretary of State, shall brief the
appropriate congressional committees regarding
investigations initiated under this subsection.
(B) Form.--The briefings required under
subparagraph (A) shall be provided in unclassified
form, but may be provided in classified form.
(4) Submission of information.--
(A) In general.--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, including the
number, scope, and dates of such investigations or
reviews.
(B) Form.--The information required under
subparagraph (A) shall be provided in unclassified
form, but may contain a classified annex.
(5) Termination.--Subject to paragraph (6), the President
may, on a case-by-case basis, terminate an investigation of a
person initiated under this subsection.
(6) Special rule.--
(A) In general.--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 to the appropriate
congressional committees 15 days prior to the
determination that--
(i) 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
(ii) the President has received reliable
assurances that the person will not knowingly
engage in an activity described in section
105(a) of this Act in the future.
(B) Application of sanctions.--The President shall
apply the sanctions described in section 106(a) of this
Act in accordance with section 105(a) of this Act to a
person described in subparagraph (A) if--
(i) 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
of the President under subparagraph (A); or
(ii) the person has been previously
designated pursuant to section 4(e)(3) of the
Iran Sanctions Act of 1996, as in effect on the
day before the date of the enactment of this
Act, and fails to verifiably divest all
holdings and terminate the activity described
in subparagraph (A) within 180 days from the
date of enactment of this Act.
(C) Report.--Not later than 90 days after the date
of enactment of this Act, the President shall transmit
to the appropriate congressional committees a report on
the actions taken by persons previously designated
pursuant to section 4(e)(3) of the Iran Sanctions Act
of 1996, as in effect on the day before the date of the
enactment of this Act, to verifiably divest all
holdings and terminate the activity described in
subparagraph (A).
SEC. 105. IMPOSITION OF SANCTIONS.
(a) 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.--
(1) Development of petroleum resources of iran.--
(A) In general.--Except as provided in subsection
(f), the President shall impose a majority of the
sanctions described in section 106(a) of this Act with
respect to a person if the President determines that
the person knowingly, on or after the date of the
enactment of this Act--
(i) makes an investment described in
subparagraph (B) of $20,000,000 or more; or
(ii) 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.
(B) Investment described.--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.
(2) Production of refined petroleum products.--
(A) In general.--Except as provided in subsection
(f), the President shall impose a majority of the
sanctions described in section 106(a) of this Act 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)--
(i) any of which has a fair market value of
$1,000,000 or more; or
(ii) that, during a 12-month period, have
an aggregate fair market value of $5,000,000 or
more.
(B) Goods, services, technology, information, or
support described.--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.
(3) Exportation of refined petroleum products to iran.--
(A) In general.--Except as provided in subsection
(f), the President shall impose a majority of the
sanctions described in section 106(a) of this Act with
respect to a person if the President determines that
the person knowingly, on or after the date of the
enactment of this Act--
(i) sells or provides to Iran refined
petroleum products--
(I) that have a fair market value
of $1,000,000 or more; or
(II) that, during a 12-month
period, have an aggregate fair market
value of $5,000,000 or more; or
(ii) sells, leases, or provides to Iran
goods, services, technology, information, or
support described in subparagraph (B)--
(I) any of which has a fair market
value of $1,000,000 or more; or
(II) that, during a 12-month
period, have an aggregate fair market
value of $5,000,000 or more.
(B) Goods, services, technology, information, or
support described.--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--
(i) 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;
(ii) financing or brokering such sale,
lease, or provision;
(iii) bartering or contracting by which the
parties exchange goods for goods, including the
insurance or reinsurance of such exchanges;
(iv) purchasing, subscribing to, or
facilitating the issuance of sovereign debt of
the Government of Iran, including governmental
bonds; or
(v) providing ships or shipping services to
deliver refined petroleum products to Iran.
(C) Exception for underwriters and insurance
providers exercising due diligence.--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).
(4) Purchase, subscription to, or facilitation of the
issuance of iranian sovereign debt.--Except as provided in
subsection (f), the President shall impose a majority of the
sanctions described in section 106(a) of this Act with respect
to a person if the President determines that the person
knowingly, on or after the date of the enactment of this Act,
purchases, subscribes to, or facilitates the issuance of--
(A) sovereign debt of the Government of Iran,
including governmental bonds; or
(B) debt of any entity owned or controlled by the
Government of Iran, including bonds.
(b) Mandatory Sanctions With Respect to Development of Weapons of
Mass Destruction or Other Military Capabilities.--
(1) In general.--The President shall impose a majority of
the sanctions described in section 106(a) of this Act 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--
(A) acquire or develop chemical, biological, or
nuclear weapons or related technologies; or
(B) acquire or develop destabilizing numbers and
types of advanced conventional weapons.
(2) Additional mandatory sanctions relating to transfer of
nuclear technology.--
(A) In general.--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 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.
(B) Exception.--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--
(i) does not know or have reason to know
about the activity; or
(ii) has taken, or is taking, all
reasonable steps necessary to prevent a
recurrence of the activity and to penalize the
person for the activity.
(C) Individual approval.--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--
(i) determines that such approval is vital
to the national security interests of the
United States; and
(ii) 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.
(D) Construction.--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.
(E) Definition.--In this paragraph, the term
``agreement for cooperation'' has the meaning given
that term in section 11 b. of the Atomic Energy Act of
1954 (42 U.S.C. 2014(b)).
(F) Applicability.--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.
(c) Persons Against Which the Sanctions Are to Be Imposed.--The
sanctions described in subsections (a) and (b)(1) shall be imposed on--
(1) any person the President determines has carried out the
activities described in subsection (a) or (b), respectively;
and
(2) any person that--
(A) is a successor entity to the person referred to
in paragraph (1);
(B) 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
(C) 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.
For purposes of this title, any person or entity described in
this subsection shall be referred to as a ``sanctioned
person''.
(d) Publication in Federal Register.--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.
(e) Publication of Projects.--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.
(f) Exceptions.--The President shall not be required to apply or
maintain the sanctions under subsection (a) or (b)--
(1) in the case of procurement of defense articles or
defense services--
(A) 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;
(B) 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
(C) if the President determines in writing that
such articles or services are essential to the national
security under defense coproduction agreements;
(2) 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));
(3) 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;
(4) to--
(A) spare parts which are essential to United
States products or production;
(B) component parts, but not finished products,
essential to United States products or production; or
(C) routine servicing and maintenance of products,
to the extent that alternative sources are not readily
or reasonably available;
(5) to information and technology essential to United
States products or production; or
(6) to medicines, medical supplies, or other humanitarian
items.
SEC. 106. DESCRIPTION OF SANCTIONS.
(a) In General.--The sanctions to be imposed on a sanctioned person
under section 105 of this Act are as follows:
(1) Export-import bank assistance for exports to sanctioned
persons.--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.
(2) Export sanction.--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--
(A) the Export Administration Act of 1979 (as
continued in effect pursuant to the International
Emergency Economic Powers Act);
(B) the Arms Export Control Act;
(C) the Atomic Energy Act of 1954; or
(D) any other law that requires the prior review
and approval of the United States Government as a
condition for the export or reexport of goods or
services.
(3) Loans from united states financial institutions.--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.
(4) Prohibitions on financial institutions.--The following
prohibitions may be imposed against a sanctioned person that is
a financial institution:
(A) Prohibition on designation as primary dealer.--
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.
(B) Prohibition on service as a repository of
government funds.--Such financial institution may not
serve as agent of the United States Government or serve
as repository for United States Government funds.
The imposition of either sanction under subparagraph (A) or (B)
shall be treated as one sanction for purposes of section 105 of
this Act, and the imposition of both such sanctions shall be
treated as 2 sanctions for purposes of section 105 of this Act.
(5) Procurement sanction.--The United States Government may
not procure, or enter into any contract for the procurement of,
any goods or services from a sanctioned person.
(6) Foreign exchange.--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.
(7) Banking transactions.--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.
(8) Property transactions.--The President may prohibit any
person from--
(A) acquiring, holding, withholding, using,
transferring, withdrawing, transporting, 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;
(B) dealing in or exercising any right, power, or
privilege with respect to such property; or
(C) conducting any transaction involving such
property.
(9) Grounds for exclusion.--The Secretary of State may deny
a visa to, and the Secretary of Homeland Security may deny
admission into the United States to, 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--
(A) corporate officer, principal, or shareholder
with a controlling interest of a person against whom
sanctions have been imposed under subsection (a) or
(b);
(B) corporate officer, principal, or shareholder
with a controlling interest of a successor entity to or
a parent or subsidiary of such a sanctioned person;
(C) 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
(D) spouse, minor child, or agent of a person
inadmissible under subparagraph (A), (B), or (C).
(10) Sanctions on principal executive officers.--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) of this Act the name of any person against whom
sanctions are imposed under this paragraph.
(11) Additional sanctions.--The President may impose
additional sanctions, as appropriate, in accordance with the
International Emergency Economic Powers Act (50 U.S.C. 1701 et
seq.).
(b) Additional Measure Relating to Government Contracts.--
(1) Modification of federal acquisition regulation.--The
Federal Acquisition Regulation issued pursuant to section 1303
of title 41, United States Code, shall require a certification
from each person that is a prospective contractor that such
person and any person owned or controlled by the person does
not engage in any activity for which sanctions may be imposed
under section 105 or section 304 of this Act.
(2) Remedies.--
(A) In general.--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
less than 2 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.
(B) Inclusion on list of parties excluded from
federal procurement and nonprocurement programs.--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 1303 of title 41, United
States Code, 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).
(3) Clarification regarding certain products.--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)).
(4) Rule of construction.--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).
(5) Waiver.--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
failure to exercise such waiver authority would pose an unusual
and extraordinary threat to the vital national security
interests of the United States.
(6) Executive agency defined.--In this subsection, the term
``executive agency'' has the meaning given such term in section
133 of title 41, United States Code.
(7) Applicability.--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.
SEC. 107. ADVISORY OPINIONS.
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.
SEC. 108. TERMINATION OF SANCTIONS.
(a) Certification.--The requirement under section 105 of this Act
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--
(1) has ceased and verifiably dismantled its efforts to
design, develop, manufacture, or acquire--
(A) a nuclear explosive device or related materials
and technology;
(B) chemical and biological weapons; and
(C) ballistic missiles and ballistic missile launch
technology;
(2) no longer provides support for acts of international
terrorism; and
(3) poses no threat to the national security, interests, or
allies of the United States.
(b) Notification.--The President shall notify the appropriate
congressional committees not later than 15 days before making the
certification described in subsection (a).
SEC. 109. DURATION OF SANCTIONS.
(a) Delay of Sanctions.--
(1) Consultations.--If the President makes a determination
described in section 105 of this Act 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.
(2) Actions by government of jurisdiction.--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 of this Act.
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 of this Act
concerning such foreign person and the foreign person is no
longer engaged in such activities.
(b) Duration of Sanctions.--A sanction imposed under section 105 of
this Act shall remain in effect--
(1) for a period of not less than 2 years beginning on the
date on which such sanction is imposed; or
(2) 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.
(c) Waiver.--
(1) Authorization.--
(A) In general.--The President may waive the
requirements in section 105(a) or 105(b)(2) of this Act
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.
(B) Contents of report.--Any report under
subparagraph (A) shall provide a specific and detailed
rationale for a determination made pursuant to such
paragraph, including--
(i) a description of the conduct that
resulted in the determination under section
105(a) or section 105(b)(2) of this Act, as the
case may be;
(ii) 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) or 105(b)(2) of this Act, as the case
may be;
(iii) 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
(iv) 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) or 105(b)(2) of this Act,
as the case may be.
(2) Waiver with respect to persons in countries that
cooperate in multilateral efforts with respect to iran.--
(A) In general.--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) of this Act
with respect to a person if the President, at least 30
days before the waiver is to take effect--
(i) certifies to the appropriate
congressional committees that--
(I) the government with primary
jurisdiction over the person is closely
cooperating with the United States in
multilateral efforts to prevent Iran
from--
(aa) acquiring or
developing chemical,
biological, or nuclear weapons
or related technologies; or
(bb) acquiring or
developing destabilizing
numbers and types of advanced
conventional weapons; and
(II) such a waiver is vital to the
national security interests of the
United States; and
(ii) submits to the appropriate
congressional committees a report identifying--
(I) the person with respect to
which the President waives the
application of sanctions; and
(II) the actions taken by the
government described in clause (i)(I)
to cooperate in multilateral efforts
described in that clause.
(B) Subsequent renewal of waiver.--At the
conclusion of the period of a waiver under subparagraph
(A), the President may renew the waiver--
(i) if the President determines, in
accordance with subparagraph (A), that the
waiver is appropriate; and
(ii) for subsequent periods of not more
than 12 months each.
(3) Publication in the federal register.--Not later than 15
days after any waiver authority is exercised pursuant to
paragraph (1) or (2) of this subsection, the name of the person
or entity with respect to which sanctions are being waived
shall be published in the Federal Register.
SEC. 110. REPORTS REQUIRED.
(a) Report on Certain International Initiatives.--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--
(1) 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;
(2) 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;
(3) 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
(4) 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.
(b) Report on Effectiveness of Actions Under This Act.--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--
(1) the extent to which actions relating to trade taken
pursuant to this title have--
(A) been effective in achieving the policy
objective described in section 103 of this Act and any
other foreign policy or national security objectives of
the United States with respect to Iran; and
(B) affected humanitarian interests in Iran, the
country in which a sanctioned person is located, or in
other countries; and
(2) 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.
The President may include in such reports the President's
recommendation on whether or not this Act should be terminated or
modified.
(c) Other Reports.--The President shall ensure the continued
transmittal to Congress of reports describing--
(1) 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
(2) the support provided by Iran for acts of international
terrorism, as part of the Department of State's annual reports
on international terrorism.
(d) Reports on Global Trade Relating to Iran.--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.
SEC. 111. DETERMINATIONS NOT REVIEWABLE.
A determination to impose sanctions under this title shall not be
reviewable in any court.
SEC. 112. DEFINITIONS.
In this title:
(1) Act of international terrorism.--The term ``act of
international terrorism'' has the meaning given such term in
section 2331 of title 18, United States Code.
(2) Appropriate congressional committees.--The term
``appropriate congressional committees'' means--
(A) 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; and
(B) the Committee on Finance, the Committee on
Banking, Housing, and Urban Affairs, and the Committee
on Foreign Relations of the Senate.
(3) Component part.--The term ``component part'' 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)).
(4) Credible information.--The term ``credible
information'' means, with respect to a person, such person's
public announcement of an investment described in section 105
of this Act, Iranian governmental announcements of such an
investment, reports to stockholders, annual reports, industry
reports, Government Accountability Office products, State and
local government reports, and trade publications.
(5) Develop and development.--The terms ``develop'' and
``development'' mean the exploration for, or the extraction,
refining, or transportation by pipeline of, petroleum
resources.
(6) Financial institution.--The term ``financial
institution'' includes--
(A) 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);
(B) a credit union;
(C) a securities firm, including a broker or
dealer;
(D) an insurance company, including an agency or
underwriter; and
(E) 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.
(7) Finished product.--The term ``finished product'' 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)).
(8) Foreign person.--The term ``foreign person'' means--
(A) an individual who is not a United States person
or an alien lawfully admitted for permanent residence
into the United States; or
(B) a corporation, partnership, joint venture,
cooperative venture, or other nongovernmental entity
which is not a United States person.
(9) Foreign terrorist organization.--The term ``foreign
terrorist organization'' 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)).
(10) Goods and technology.--The terms ``goods'' and
``technology'' have the meanings given such terms in section 16
of the Export Administration Act of 1979 (50 U.S.C. App. 2415).
(11) Investment.--The term ``investment'' 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:
(A) 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.
(B) The purchase of a share of ownership, including
an equity interest, in the development described in
subparagraph (A).
(C) 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.
(D) The provision of goods, services, or technology
related to petroleum resources.
(12) Iran.--The term ``Iran'' includes any agency or
instrumentality of Iran.
(13) Iranian diplomats and representatives of other
government and military or quasi-governmental institutions of
iran.--The term ``Iranian diplomats and representatives of
other government and military or quasi-governmental
institutions of Iran'' includes employees, representatives, or
affiliates of Iran's--
(A) Foreign Ministry;
(B) Ministry of Intelligence and Security;
(C) Revolutionary Guard Corps and affiliated
entities;
(D) Crusade for Reconstruction;
(E) Qods (Jerusalem) Forces;
(F) Interior Ministry;
(G) Foundation for the Oppressed and Disabled;
(H) Prophet's Foundation;
(I) June 5th Foundation;
(J) Martyr's Foundation;
(K) Islamic Propagation Organization; and
(L) Ministry of Islamic Guidance.
(14) Knowingly.--The term ``knowingly'', 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.
(15) Nuclear explosive device.--The term ``nuclear
explosive device'' 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).
(16) Person.--
(A) In general.--The term ``person'' means--
(i) a natural person;
(ii) 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
(iii) any successor to any entity described
in clause (ii).
(B) Exclusion.--The term ``person'' does not
include a government or governmental entity that is not
operating as a business enterprise.
(17) Petroleum resources.--The term ``petroleum resources''
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.
(18) Refined petroleum products.--The term ``refined
petroleum products'' means diesel, gasoline, jet fuel
(including naphtha-type and kerosene-type jet fuel), and
aviation gasoline.
(19) United states or state.--The terms ``United States''
and ``State'' 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.
(20) United states person.--The term ``United States
person'' means--
(A) a natural person who is a citizen of the United
States or who owes permanent allegiance to the United
States; and
(B) 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 more than 50 percent of the outstanding capital
stock or other beneficial interest in such corporation
or legal entity.
SEC. 113. EFFECTIVE DATE.
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 of this Act that is commenced
on or after such date of enactment.
SEC. 114. REPEAL.
(a) In General.--The Iran Sanctions Act of 1996 (50 U.S.C. 1701
note) is repealed.
(b) Conforming Amendments.--The Comprehensive Iran Sanctions,
Accountability, and Divestment Act of 2010 (Public Law 111-195; 22
U.S.C. 8501 et seq.) is amended--
(1) in section 103(b)(3)(E), by striking ``section 14 of
the Iran Sanctions Act of 1996 (Public Law 104-172; 50 U.S.C.
1701 note)'' and inserting ``section 112 of the Iran Threat
Reduction Act of 2011'';
(2) in section 111(a)(1), by striking ``section 5 of the
Iran Sanctions Act of 1996, as amended by section 102 of this
Act'' and inserting ``section 105 of the Iran Threat Reduction
Act of 2011'';
(3) in section 112(3), by striking ``Iran Sanctions Act of
1996, as amended by section 102 of this Act,'' and inserting
``Iran Threat Reduction Act of 2011''; and
(4) in section 201(2), by striking ``section 14 of the Iran
Sanctions Act of 1996 (Public Law 104-172; 50 U.S.C. 1701
note)'' and inserting ``section 112 of the Iran Threat
Reduction Act of 2011''.
(c) References.--Any reference in a law, regulation, document, or
other record of the United States to the Iran Sanctions Act of 1996
shall be deemed to be a reference to this title.
(d) Federal Acquisition Regulation.--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.
TITLE II--IRAN FREEDOM SUPPORT
SEC. 201. CODIFICATION OF SANCTIONS.
United States sanctions with respect to Iran imposed pursuant to--
(1) sections 1 and 3 of Executive Order No. 12957;
(2) sections 1(e), 1(g), and 3 of Executive Order No.
12959;
(3) sections 2, 3, and 5 of Executive Order No. 13059;
(4) sections 1, 5, 6, 7, and 8 of Executive Order No.
13553; or
(5) sections 1, 2, and 5 of Executive Order No. 13574,
as in effect on September 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.
SEC. 202. LIABILITY OF PARENT COMPANIES FOR VIOLATIONS OF SANCTIONS BY
FOREIGN SUBSIDIARIES.
(a) Definitions.--In this section:
(1) Entity.--The term ``entity'' means a partnership,
association, trust, joint venture, corporation, or other
organization.
(2) Own or control.--The term ``own or control'' means,
with respect to an entity--
(A) to hold more than 50 percent of the equity
interest by vote or value in the entity;
(B) to hold a majority of seats on the board of
directors of the entity; or
(C) to otherwise control the actions, policies, or
personnel decisions of the entity.
(3) Subsidiary.--The term ``subsidiary'' means an entity
that is owned or controlled by a United States person.
(4) United states person.--The term ``United States
person'' means--
(A) a natural person who is a citizen, resident, or
national of the United States; and
(B) an entity that is organized under the laws of
the United States, any State or territory thereof, or
the District of Columbia, if natural persons described
in subparagraph (A) own or control the entity.
(b) In General.--A United States person shall be subject to a
penalty for a violation of the provisions of Executive Order No. 12959
(50 U.S.C. 1701 note) or Executive Order No. 13059 (50 U.S.C. 1701
note), or any other prohibition on transactions with respect to Iran
imposed under the authority of the International Emergency Economic
Powers Act (50 U.S.C. 1701 et seq.), if the President determines that a
subsidiary of the United States person that is established or
maintained outside the United States engages in an act that, if
committed in the United States or by a United States person, would
violate such provisions.
(c) Effective Date.--
(1) In general.--Subsection (b) shall take effect on the
date of the enactment of this Act and apply with respect to
acts described in subsection (b)(2) that are--
(A) commenced on or after the date of the enactment
of this Act; or
(B) except as provided in paragraph (2), commenced
before such date of enactment, if such acts continue on
or after such date of enactment.
(2) Exception.--Subsection (b) shall not apply with respect
to an act described in paragraph (1)(B) by a subsidiary owned
or controlled by a United States person if the United States
person divests or terminates its business with the subsidiary
not later than 90 days after the date of the enactment of this
Act.
SEC. 203. DECLARATION OF CONGRESS REGARDING UNITED STATES POLICY TOWARD
IRAN.
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.
SEC. 204. ASSISTANCE TO SUPPORT DEMOCRACY IN IRAN.
(a) Assistance Authorized.--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
prodemocracy broadcasting organizations and new media that broadcast
into Iran.
(b) Eligibility for Assistance.--Financial and political assistance
authorized under this section shall be provided only to an individual,
organization, or entity that--
(1) 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 4 years;
(2) advocates the adherence by Iran to nonproliferation
regimes for nuclear, chemical, and biological weapons and
materiel;
(3) is dedicated to democratic values and supports the
adoption of a democratic form of Government in Iran;
(4) is dedicated to respect for human rights, including the
fundamental equality of women;
(5) works to establish equality of opportunity for all
people; and
(6) supports freedom of the press, freedom of speech,
freedom of association, and freedom of religion.
(c) Funding.--Financial and political assistance authorized under
this section may only be provided using 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.
(d) Notification.--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.
(e) Sense of Congress Regarding Diplomatic Assistance.--It is the
sense of Congress that--
(1) contacts should be expanded with opposition groups in
Iran that meet the criteria for eligibility for assistance
under subsection (b);
(2) support for those individuals seeking democracy in Iran
should be expressed by United States representatives and
officials in all appropriate international fora; and
(3) officials and representatives of the United States
should--
(A) strongly and unequivocally support indigenous
efforts in Iran calling for free, transparent, and
democratic elections; and
(B) draw international attention to violations by
the Government of Iran of human rights, freedom of
religion, freedom of assembly, and freedom of the
press.
SEC. 205. 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.
(a) List of Persons Who Are Responsible for or Complicit in Certain
Human Rights Abuses; Sanctions on Such Persons.--
(1) In general.--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 senior 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.
(2) Certification.--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.
(3) Updates of list.--The President shall transmit to the
appropriate congressional committees an updated list under
paragraph (1)--
(A) not later than every 60 days beginning after
the date of the initial transmittal under such
paragraph; and
(B) as new information becomes available.
(4) Form of report; public availability.--
(A) Form.--The list required under paragraph (1)
shall be submitted in unclassified form but may contain
a classified annex.
(B) Public availability.--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.
(5) Consideration of data from other countries and
nongovernmental organizations.--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.
(b) Sanctions Described.--The sanctions described in this
subsection are ineligibility for a visa to enter the United States and
sanctions described in section 106 of this Act, 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
(c) Termination of Sanctions.--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--
(1) has unconditionally released all political prisoners,
including the citizens of Iran detained in the aftermath of the
June 12, 2009, presidential election in Iran;
(2) has ceased its practices of violence, unlawful
detention, torture, and abuse of citizens of Iran while
engaging in peaceful political activity;
(3) has 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
(4) has--
(A) established an independent judiciary; and
(B) is respecting the human rights and basic
freedoms recognized in the Universal Declaration of
Human Rights.
SEC. 206. CLARIFICATION OF SENSITIVE TECHNOLOGIES FOR PURPOSES OF
PROCUREMENT BAN.
The Secretary of State shall--
(1) not later than 90 days after the date of the enactment
of this Act, issue guidelines to further describe the goods,
services, and technologies that will be considered ``sensitive
technologies'' for purposes of section 106 of the Comprehensive
Iran Sanctions, Accountability, and Divestment Act of 2010 (22
U.S.C. 8515), and publish those guidelines in the Federal
Register;
(2) determine the types of goods, services, and
technologies that enable any indigenous capabilities that Iran
has to disrupt and monitor information and communications in
that country, and consider adding descriptions of those items
to the guidelines; and
(3) periodically review, but in no case less than once each
year, the guidelines and, if necessary, amend the guidelines on
the basis of technological developments and new information
regarding transfers of goods, services, and technologies to
Iran and the development of Iran's indigenous capabilities to
disrupt and monitor information and communications in Iran.
SEC. 207. COMPREHENSIVE STRATEGY TO PROMOTE INTERNET FREEDOM AND ACCESS
TO INFORMATION IN IRAN.
(a) In General.--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 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 a
comprehensive strategy to--
(1) help the people of Iran produce, access, and share
information freely and safely via the Internet, including in
Farsi and regional languages;
(2) support the development of counter-censorship
technologies that enable the citizens of Iran to undertake
Internet activities without interference from the Government of
Iran;
(3) increase the capabilities and availability of secure
mobile communications among human rights and democracy
activists in Iran;
(4) provide resources for digital safety training for
media, unions, and academic and civil society organizations in
Iran;
(5) increase the amount of accurate Internet content in
local languages in Iran;
(6) increase emergency resources for the most vulnerable
human rights advocates seeking to organize, share information,
and support human rights in Iran;
(7) expand surrogate radio, television, live stream, and
social network communications inside Iran, including by
assisting United States telecommunications and software
companies to comply with the United States export licensing
process for such purposes;
(8) expand activities to safely assist and train human
rights, civil society, and union activists in Iran to operate
effectively and securely;
(9) defeat all attempts by the Government of Iran to jam or
otherwise deny international satellite broadcasting signals,
including by identifying foreign providers of jamming
technology;
(10) expand worldwide United States embassy and consulate
programming for and outreach to Iranian dissident communities;
(11) expand access to proxy servers for democracy activists
in Iran; and
(12) discourage telecommunication and software companies
from facilitating Internet censorship by the Government of
Iran.
(b) Eligibility for Assistance.--Assistance authorized under the
comprehensive stategy required under subsection (a) shall be provided
only to an individual, organization, or entity that meets the
eligibility criteria in section 204(b) of this Act for financial and
political assistance authorized under section section 204(a) of this
Act.
(c) Form.--The comprehensive strategy required under subsection (a)
shall be submitted in unclassified form and may include a classified
annex.
TITLE III--IRAN REGIME AND IRAN'S ISLAMIC REVOLUTIONARY GUARD CORPS
ACCOUNTABILITY
SEC. 301. IRAN'S ISLAMIC REVOLUTIONARY GUARD CORPS.
(a) Transactions With Iran's Islamic Revolutionary Guard Corps.--No
United States person shall knowingly conduct any commercial transaction
or financial transaction with, or make any investment in--
(1) any person or entity owned or controlled by Iran's
Islamic Revolutionary Guard Corps;
(2) any instrumentality, subsidiary, affiliate, or agent of
Iran's Islamic Revolutionary Guard Corps; or
(3) any project, activity, or business owned or controlled
by Iran's Islamic Revolutionary Guard Corps.
(b) Transactions With Certain Foreign Persons.--No United States
person shall knowingly conduct any commercial transaction or financial
transaction with, or make any investment in, any foreign person or
foreign entity that conducts any transaction with or makes any
investment with Iran's Islamic Revolutionary Guard Corps, which, if
conducted or made by a United States person, would constitute a
violation of subsection (a).
(c) Penalties.--Any United States person who violates subsection
(a) or (b) shall be subject to 1 or more of the criminal penalties
under the authority of section 206(c) of the International Emergency
Economic Powers Act (50 U.S.C. 1705).
(d) Waiver.--
(1) In general.--The President is authorized to waive the
restrictions in subsection (a) or (b) on a case-by-case basis
if the President determines and notfies the appropriate
congressional committees that failure to exercise such waiver
authority would pose an unusual and extraordinary threat to the
national security interests of the United States.
(2) Publication in the federal register.--Not later than 15
days after any waiver authority is exercised pursuant to
paragraph (1) of this subsection, the name of the person with
respect to which sanctions are being waived shall be published
in the Federal Register.
(e) Amendments to Code of Federal Regulations.--Not later than 30
days after the date of the enactment of this Act, the President shall
amend part 544 of title 31, Code of Federal Regulations (``Weapons of
Mass Destruction Proliferators Sanctions Regulations''), to incorporate
the provisions of this section.
(f) Definitions.--In this section, the terms ``foreign person'',
``knowingly'', and ``United States person'' have the meanings given
such terms in section 112 of this Act.
SEC. 302. ADDITIONAL EXPORT SANCTIONS AGAINST IRAN.
(a) In General.--Notwithstanding section 103(b)(2)(B)(iv) of the
Comprehensive Iran Sanctions, Accountability, and Divestment Act of
2010 (Public Law 111-195; 22 U.S.C. 8512(b)(2)(B)(iv)) or section 1606
of the Iran-Iraq Arms Non-Proliferation Act of 1992 (Public Law 102-
484; 50 U.S.C. 1701 note) or any other provision of law, effective on
the date of the enactment of this Act--
(1) licenses to export or reexport goods, services, or
technology for the repair or maintenance of aircraft of United
States origin to Iran may not be issued, and any such license
issued before such date of enactment is no longer valid; and
(2) goods, services, or technology described in paragraph
(1) may not be exported or reexported to Iran.
(b) Rule of Construction.--Nothing in this section shall be
construed to repeal or otherwise supersede the requirements of section
740.15(d)(4) of title 15, Code of Federal Regulations (relating to
reexports of vessels subject to the Export Adminstration Regulations).
SEC. 303. SANCTIONS AGAINST AFFILIATES OF IRAN'S ISLAMIC REVOLUTIONARY
GUARD CORPS.
(a) In General.--Not later than 90 days after the date of the
enactment of this Act, and as appropriate thereafter, the President
shall identify in, and, in the case of a foreign person or foreign
entity not already so designated, shall designate for inclusion in the
Annex to Executive Order No. 13382 (70 Fed. Reg. 38567; relating to
blocking property of weapons of mass destruction proliferators and
their supporters) and shall apply all applicable sanctions of the
United States pursuant to Executive Order No. 13382 to each foreign
person or foreign entity for which there is a reasonable basis for
determining that the person or entity is as an agent, alias, front,
instrumentality, official, or affiliate of Iran's Islamic Revolutionary
Guard Corps or is an individual serving as a representative of Iran's
Islamic Revolutionary Guard Corps.
(b) Priority for Investigation.--In carrying out this section, the
President shall give priority to investigating foreign persons and
foreign entities identified under section 560.304 of title 31, Code of
Federal Regulations (relating to the definition of the Government of
Iran) and foreign persons and foreign entities for which there is a
reasonable basis to suspect that the person or entity has conducted or
attempted to conduct one or more sensitive transactions or activities
described in subsection (c).
(c) Sensitive Transaction or Activity.--A sensitive transaction or
activity referred to in subsection (b) is--
(1) a transaction to facilitate the manufacture, import,
export, or transfer of items needed for the development of
nuclear, chemical, biological, or advanced conventional
weapons, including ballistic missiles;
(2) an attempt to interfere in the internal affairs of Iraq
or Afghanistan, or equip or train, or encourage violence by,
individuals or groups opposed to the governments of those
countries;
(3) a transaction relating to the manufacture, procurement,
or sale of goods, services, and technology relating to Iran's
energy sector, including the development of the energy
resources of Iran, export of petroleum products, and import of
refined petroleum and refining capacity available to Iran;
(4) a transaction relating to the procurement of sensitive
technologies (as defined in section 106(c) of the Comprehensive
Iran Sanctions, Accountability, and Divestment Act of 2010
(Public Law 111-195; 22 U.S.C. 8515(c)); or
(5) a financial transaction or series of transactions
valued at more than $1,000,000 in the aggregate in any 12-month
period involving a non-Iranian financial institution.
(d) Inadmissiblity to United States.--The Secretary of State shall
deny a visa to, and the Secretary of Homeland Security shall deny
admission into the United States to, any alien who, on or after the
date of the enactment of this Act, is a foreign person designated for
inclusion in the Annex to Executive Order No. 13382 pursuant to
subsection (a).
(e) Rule of Construction.--Nothing in this section shall be
construed to remove any sanction of the United States in force against
Iran's Islamic Revolutionary Guard Corps as of the date of the
enactment of this Act by reason of the fact that Iran's Islamic
Revolutionary Guard Corps is an entity of the Government of Iran.
SEC. 304. MEASURES AGAINST FOREIGN PERSONS OR ENTITIES SUPPORTING
IRAN'S ISLAMIC REVOLUTIONARY GUARD CORPS.
(a) Identification and Notification.--The President shall notify
the appropriate congressional committees in any case in which the
President determines that there is credible information indicating that
a foreign person or foreign entity, on or after the date of the
enactment of this Act, knowingly--
(1) provides material support to Iran's Islamic
Revolutionary Guard Corps or any foreign person or foreign
entity that is identified pursuant to section 303(a) of this
Act as an agent, alias, front, instrumentality, official, or
affiliate of Iran's Islamic Revolutionary Guard Corps or an
individual serving as a representative of Iran's Islamic
Revolutionary Guard Corps; or
(2) conducts any commercial transaction or financial
transaction with Iran's Islamic Revolutionary Guard Corps or
any such person or entity.
(b) Waiver.--
(1) In general.--Notwithstanding any other provision of
this title and subject to paragraph (2), the President is not
required to make any identification or designation of or
determination with respect to a foreign person or foreign
entity for purposes of this title if doing so would cause
damage to the national security of the United States through
the divulgence of sources and methods of intelligence or other
critical classified information.
(2) Notice to congress.--The President shall notify
Congress of any exercise of the authority of paragraph (1) and
shall include in the notification an identification of the
foreign person or foreign entity, including a description of
the activity or transaction that would have caused the
identification, designation, or determination for purposes of
this title.
(c) Sanctions.--
(1) In general.--The President shall apply to each foreign
person or foreign entity identified in a notice under
subsection (a) for a period determined by the President a
majority of the sanctions described in section 106(a) of this
Act.
(2) Termination.--The President may terminate the sanctions
applied to a foreign person or foreign entity pursuant to
paragraph (1) if the President determines that the person or
entity no longer engages in the activity or activities for
which the sanctions were imposed and has provided assurances to
the United States Government that it will not engage in the
activity or activities in the future.
(d) IEEPA Sanctions.--The President may exercise the authorities
provided under subparagraphs (A) and (C) of section 203(a)(1) of the
International Emergency Economic Powers Act (50 U.S.C. 1702(a)(1)) to
impose additional sanctions on each foreign person or foreign entity
identified pursuant to subsection (a), for such time as the President
may determine, without regard to section 202 of that Act.
(e) Waiver.--The President may waive the application of any measure
described in subsection (c) with respect to a foreign person or foreign
entity if the President--
(1)(A) determines that the person or entity has ceased the
activity that resulted in the notification under subsection (a)
with respect to the person or entity (as the case may be) and
has taken measures to prevent its recurrence; or
(B) 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; and
(2) submits to the appropriate congressional committees a
report that contains the reasons for the determination.
(f) Foreign Person Defined.--In this section, the term ``foreign
person'' has the meaning given the term in section 112 of this Act.
SEC. 305. SPECIAL MEASURES AGAINST FOREIGN COUNTRIES SUPPORTING IRAN'S
ISLAMIC REVOLUTIONARY GUARD CORPS.
(a) Sanctions.--With respect to any foreign entity identified
pursuant to section 304(a) of this Act that is an agency of the
government of a foreign country, the President shall, in addition to
applying to the entity the sanctions described in section 304(c) of
this Act, apply to the agency of the government of the foreign country
the following measures:
(1) No assistance shall be provided to the agency of the
government of the foreign country under the Foreign Assistance
Act of 1961, or any successor Act, or the Arms Export Control
Act, or any successor Act, other than assistance that is
intended to benefit the people of the foreign country directly
and that is not provided through governmental agencies or
entities of the foreign country.
(2) The United States shall oppose any loan or financial or
technical assistance to the agency of the government of the
foreign country by international financial institutions in
accordance with section 701 of the International Financial
Institutions Act (22 U.S.C. 262d).
(3) The United States shall deny to the agency of the
government of the foreign country any credit or financial
assistance by any department, agency, or instrumentality of the
United States Government.
(4) The United States Government shall not approve the sale
to the agency of the government of the foreign country any
defense articles or defense services or issue any license for
the export of items on the United States Munitions List.
(5) No exports to the agency of the government of the
foreign country shall be permitted of any goods or technologies
controlled for national security reasons under the Export
Administration Regulations.
(6) At the earliest practicable date, the Secretary of
State shall terminate, in a manner consistent with
international law, the authority of any air carrier that is
controlled in fact by the agency of the government of the
foreign country to engage in air transportation (as defined in
section 40102(5) of title 49, United States Code).
(7) Additional restrictions may be imposed in accordance
with the International Emergency Economic Powers Act (50 U.S.C.
1701 et seq.).
(b) Termination.--The President may terminate the sanctions applied
to an entity or government of a foreign country pursuant to subsection
(a) if the President determines that the entity or government, as the
case may be, no longer engages in the activity or activities for which
the sanctions were imposed and has provided assurances to the United
States Government that it will not engage in the activity or activities
in the future.
(c) Waiver.--The President may waive the application of any measure
described in subsection (a) with respect to an entity or government of
a foreign country if the President--
(1)(A) determines that the entity or government, as the
case may be, has ceased the activity that resulted in the
notification under section 304(a) of this Act with respect to
the entity or government and has taken measures to prevent its
recurrence; or
(B) 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; and
(2) submits to the appropriate congressional committees a
report that contains the reasons for the determination.
SEC. 306. AUTHORITY OF STATE AND LOCAL GOVERNMENTS TO RESTRICT
CONTRACTS OR LICENSES FOR CERTAIN SANCTIONABLE PERSONS.
Notwithstanding any other provision of law, a State or local
government may adopt and enforce measures to prohibit the State or
local government, as the case may be, from entering into or renewing
any contract with, or granting to or renewing any license for persons
that conduct business operations in Iran described in section 309 of
this Act.
SEC. 307. IRANIAN ACTIVITIES IN IRAQ AND AFGHANISTAN.
(a) Freezing of Assets.--In accordance with subsection (b), all
property and interests in property of the foreign persons described in
Executive Order No. 13382 and Executive Order No. 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--
(1) have committed, or to pose a significant risk of
committing, an act or acts of violence that have the purpose or
effect of threatening United States efforts to promote security
and stability in Iraq and Afghanistan;
(2) have knowingly and 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
(3) be owned or controlled by, or to have acted or
purported to act for or on behalf of any person whose property
and interests in property are blocked pursuant to this
subsection.
(b) Description of Prohibitions.--The prohibitions described in
subsection (a) include--
(1) 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
(2) the receipt of any contribution or provision of funds,
goods, or services from any such person.
(c) Findings.--Congress finds that--
(1) 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; and
(2) an increase in Iranian activity and influence in Iraq
threatens the safety and welfare of the residents of Camp
Ashraf.
(d) Statement of Policy.--It shall be the policy of the United
States to urge the Government of Iraq to--
(1) uphold its commitments to the United States to ensure
the continued well-being of those individuals living in Camp
Ashraf;
(2) prevent the involuntary return of such individuals to
Iran in accordance with the United States Embassy Statement on
Transfer of Security Responsibility for Camp Ashraf of December
28, 2008; and
(3) not close Camp Ashraf until the United Nations High
Commission for Refugees can complete its process, recognize as
political refugees the residents of Camp Ashraf who do not wish
to go back to Iran, and resettle them in third countries.
(e) Definitions.--In this section, the terms ``foreign person'' and
``United States person'' have the meanings given such terms in section
112 of this Act.
SEC. 308. UNITED STATES POLICY TOWARD IRAN.
(a) National Strategy Required.--The President shall develop a
strategy, to be known as the ``National Strategy to Counter Iran'',
that provides strategic guidance for activities that support the
objective of addressing, countering, and containing the threats posed
by Iran.
(b) Annual Report.--
(1) In general.--Not later than January 30 of each year,
the President shall transmit to the appropriate congressional
committees 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).
(2) Form.--If the President considers it appropriate, the
report required under this subsection, or appropriate parts
thereof, may be transmitted in classified form.
(c) Matters to Be Included.--The report required under subsection
(b) shall include a description of the security posture and objectives
of Iran, including at least the following:
(1) A description and assessment of Iranian grand strategy
and security strategy, including--
(A) the goals of Iran's grand strategy and security
strategy, and strategic objectives; and
(B) Iranian strategy to achieve such objectives in
the Middle East, Europe, Africa, Western Hemisphere,
and Asia.
(2) An assessment of the capabilities of Iran's
conventional forces and Iran's unconventional forces,
including--
(A) the size and capabilities of Iran's
conventional forces and Iran's unconventional forces;
(B) an analysis of the formal and informal national
command authority for Iran's conventional forces and
Iran's unconventional forces;
(C) the size and capability of Iranian foreign and
domestic intelligence and special operations units,
including the Iranian Revolutionary Guard Corps-Quds
Force;
(D) a description and analysis of Iranian military
doctrine;
(E) 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
(F) 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.
(3) An assessment of Iranian strategy and capabilities
related to nuclear, unconventional, and missile forces
development, including--
(A) a summary and analysis of nuclear weapons
capabilities;
(B) 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;
(C) 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;
(D) a detailed analysis of the effectiveness of
Iran's unconventional weapons and Iran's ballistic
missile forces and Iran's cruise missile forces; and
(E) 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.
(4) The Government of Iran's economic strategy, including--
(A) sources of funding for the activities of the
Government of Iran described in this section;
(B) the role of the Government of Iran in the
formal and informal sector of the domestic Iranian
economy;
(C) evasive and other efforts by the Government of
Iran to circumvent international and bilateral
sanctions regimes;
(D) 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
(E) Iran's strategy and efforts to leverage
economic and political influence, cooperation, and
activities in the Middle East Europe, Africa, Western
Hemisphere, and Asia.
(5) Key vulnerabilities identified in paragraph (1), and an
implementation plan for the National Strategy to Counter Iran
required under subsection (a).
(6) The United States strategy to--
(A) address and counter the capabilities of Iran's
conventional forces and Iran's unconventional forces;
(B) disrupt and deny Iranian efforts to develop or
augment capabilities related to nuclear,
unconventional, and missile forces development;
(C) address the Government of Iran's economic
strategy to enable the objectives described in this
subsection; and
(D) exploit key vulnerabilities identified in this
subsection.
(7) An implementation plan for United States strategy
described in under paragraph (6).
(d) Classified Annex.--The reports required under subsection (b)
shall be in unclassified form to the greatest extent possible, and may
include a classified annex where necessary.
(e) Appropriate Congressional Committees.--In this section, the
term ``appropriate congressional committees'' means--
(1) the Committee on Foreign Affairs, the Committee on
Armed Services, the Committee on Appropriations, the Committee
on Ways and Means, and the Permanent Select Committee on
Intelligence of the House of Representatives; and
(2) the Committee on Foreign Relations, the Committee on
Armed Services, the Committee on Appropriations, the Committee
on Finance, and the Permanent Select Committee on Intelligence
of the Senate.
SEC. 309. DEFINITIONS.
Except as otherwise provided, in this title:
(1) Appropriate congressional committees.--The term
``appropriate congressional committees'' means--
(A) the Committee on Foreign Affairs, the Committee
on Appropriations, the Committee on Ways and Means, and
the Permanent Select Committee on Intelligence of the
House of Representatives; and
(B) the Committee on Foreign Relations, the
Committee on Appropriations, the Committee on Finance,
and the Permanent Select Committee on Intelligence of
the Senate.
(2) Iran's ballistic missile forces.--The term ``Iran's
ballistic missile forces'' includes ballistic missiles, goods,
and associated equipment and those elements of the Government
of Iran that employ such ballistic missiles, goods, and
associated equipment.
(3) Iran's ballistic missile and unconventional weapons.--
The term ``Iran's ballistic missile and unconventional
weapons'' means Iran's ballistic missile forces and chemical,
biological, and radiological weapons programs.
(4) Iran's cruise missile forces.--The term ``Iran's cruise
missile forces'' includes cruise missile forces, goods, and
associated equipment and those elements of the Government of
Iran that employ such cruise missiles capable of flights less
than 500 kilometers, goods, and associated equipment.
(5) Iran's conventional forces.--The term ``Iran's
conventional forces''--
(A) 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
(B) includes Iran's Army, Air Force, Navy, domestic
law enforcement, and elements of the Iran's Islamic
Revolutionary Guard Corps, other than Iran's Islamic
Revolutionary Guard Corps-Quds Force.
(6) Iran's unconventional forces.--The term ``Iran's
unconventional forces''--
(A) means forces of Iran that carry out missions
typically associated with special operations forces;
and
(B) includes--
(i) the Iran's Islamic Revolutionary Guard
Corps-Quds Force;
(ii) paramilitary organizations;
(iii) formal and informal intelligence
agencies and entities; and
(iv) any organization that--
(I) has been designated as a
foreign terrorist organization under
section 219(a) of the Immigration and
Nationality Act (8 U.S.C. 1189(a));
(II) receives assistance from Iran;
and
(III) is assessed--
(aa) as being willing in
some or all cases of carrying
out attacks on behalf of Iran;
or
(bb) as likely to carry out
attacks in response to an
attack by another country on
Iran or its interests.
(7) Affiliate.--The term ``affiliate'' means any individual
or entity that controls, is controlled by, or is under common
control with, the company, including without limitation direct
and indirect subsidiaries of the company.
(8) Business operations.--The term ``business operations''
means--
(A) carrying out any of the activities described in
section 105(a) and (b) of this Act that are
sanctionable under such section;
(B) providing sensitive technology (as defined in
section 106(c) of the Comprehensive Iran Sanctions,
Accountability, and Divestment Act of 2010 (Public Law
111-195; 22 U.S.C. 8515(c))) to the Government of Iran;
and
(C) carrying out any of the activities described in
section 304(a) of this Act .
(9) Company.--The term ``company'' means--
(A) a sole proprietorship, organization,
association, corporation, partnership, limited
liability company, venture, or other entity, its
subsidiary or affiliate; and
(B) includes a company owned or controlled by the
government of a foreign country, that is established or
organized under the laws of, or has its principal place
of business in, such foreign country and includes
United States subsidiaries of the same.
(10) Entity.--The term ``entity'' means a sole
proprietorship, a partnership, limited liability corporation,
association, trust, joint venture, corporation, or other
organization.
(11) Executive agency.--The term ``executive agency'' has
the meaning given the term in section 133 of title 41, United
States Code.
(12) Government of iran.--The term ``Government of Iran''
includes the Government of Iran, any political subdivision,
agency, or instrumentality thereof, and any person owned or
controlled by, or acting for or on behalf of, the Government of
Iran.
(13) Petroleum resources.--The term ``petroleum resources''
has the meaning given the term in section 112 of this Act.
(14) Sensitive technology.--The term ``sensitive
technology'' has the meaning given the term in section 106(c)
of the Comprehensive Iran Sanctions, Accountability, and
Divestment Act of 2010 (Public Law 111-195; 22 U.S.C. 8515(c)).
SEC. 310. RULE OF CONSTRUCTION.
Nothing in this title shall be construed to limit the authority of
the President to otherwise designate foreign persons or foreign
entities for inclusion in the Annex to Executive Order No. 13382 (70
Fed. Reg. 38567; relating to blocking property of weapons of mass
destruction proliferators and their supporters).
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.
(a) Financial Institution Certification.--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:
``(3) Certification.--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
wholly owned or controlled by a domestic financial institution
to provide positive certification to the Secretary if such
person is 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).''.
(b) Central Bank of Iran.--Section 104(c) of the Comprehensive Iran
Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C.
8513(a)) is amended by adding at the end the following:
``(4) Central bank of iran.--
``(A) Determination.--Not later than 30 days after
the date of the enactment of this paragraph, the
President shall determine whether the Central Bank of
Iran has--
``(i) provided financial services in
support of, or otherwise facilitated, the
ability of Iran to--
``(I) acquire or develop chemical,
biological or nuclear weapons, or
related technologies;
``(II) construct, equip, operate,
or maintain nuclear enrichment
facilities; or
``(III) acquire or develop
ballistic missiles, cruise missiles, or
destabilizing types and amounts of
conventional weapons; or
``(ii) facilitated a transaction or
provided financial services for--
``(I) Iran's Islamic Revolutionary
Guard Corps; or
``(II) a financial institution
whose property or interests in property
are subject to sanctions imposed
pursuant to the International Emergency
Economic Powers Act--
``(aa) in connection with
Iran's proliferation of weapons
of mass destruction or delivery
systems for weapons of mass
destruction; or
``(bb) Iran's support for
acts of international
terrorism.
``(B) Submission to congress.--The President shall
submit the determination made under subparagraph (A) in
writing to the Congress, together with the reasons
therefor.
``(C) Imposition of sanctions.--
``(i) In general.--If the President
determines under subparagraph (A) that the
Central Bank of Iran has engaged in any of the
activities described in that paragraph, the
President shall apply to the Central Bank of
Iran sanctions pursuant to the International
Economic Powers Act (50 U.S.C. 1701 et seq.),
including blocking of property and restrictions
or prohibitions on financial transactions and
the exportation of property.
``(ii) Effective period of designation.--
The President shall maintain the sanctions
imposed under clause (i) until such time as the
President determines and certifies in writing
to the Congress that the Central Bank of Iran
is no longer engaged in any of the activities
described in subparagraph (A).''.
(c) Continuation in Effect.--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 606(a) of this Act.
SEC. 402. DIVESTMENT FROM CERTAIN COMPANIES THAT INVEST IN IRAN.
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 606(a) of this Act.
SEC. 403. PREVENTION OF DIVERSION OF CERTAIN GOODS, SERVICES, AND
TECHNOLOGIES TO IRAN.
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 606(a) of this Act.
TITLE V--SECURITIES AND EXCHANGE COMMISSION
SEC. 501. DISCLOSURES TO THE SECURITIES AND EXCHANGE COMMISSION
RELATING TO SANCTIONABLE ACTIVITIES.
(a) In General.--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:
``(r) Disclosure of Certain Activities Relating to Iran, Terrorism,
and the Proliferation of Weapons of Mass Destruction.--
``(1) In general.--The Commission shall, by rule, require
any issuer described in paragraph (2) to disclose on a
quarterly basis a detailed description of each activity
described in paragraph (2) engaged in by the issuer or its
affiliates during the period covered by the report, including--
``(A) the nature and extent of the activity;
``(B) the revenues, if any, attributable to the
activity; and
``(C) whether the issuer or the affiliate of the
issuer (as the case may be) intends to continue the
activity.
``(2) Issuer described.--An issuer is described in this
paragraph if the issuer is required to file reports with the
Commission under subsection (a) and the issuer or any of its
affiliates has, during the period covered by the report--
``(A) engaged in an activity described in section
105 of the Iran Threat Reduction Act of 2011 for which
sanctions may be imposed;
``(B) 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
``(C) knowingly conducted any transaction or
dealing with--
``(i) any person the property and interests
in property of which are blocked pursuant to
Executive Order No. 13224 (66 Fed. Reg. 49079;
relating to blocking property and prohibiting
transacting with persons who commit, threaten
to commit, or support terrorism);
``(ii) any person the property and
interests in property of which are blocked
pursuant to Executive Order No. 13382 (70 Fed.
Reg. 38567; relating to blocking of property of
weapons of mass destruction proliferators and
their supporters); or
``(iii) any person on the list contained in
Appendix A to part 560 of title 31, Code of
Federal Regulations (commonly known as the
`Iranian Transactions Regulations').
``(3) Sunset.--The provisions of this subsection and the
rules issued by the Commission under paragraph (1) 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)).
``(4) Investigation of disclosures.--When an issuer
reports, pursuant to this subsection, that it or any of its
affiliates has engaged in any activity described in paragraph
(2), the President shall--
``(A) initiate an investigation into the possible
imposition of sanctions under the Iran Threat Reduction
Act of 2011, 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 (2)(C), or any other provision
of law; and
``(B) 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).''.
(b) Effective Date.--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.
TITLE VI--GENERAL PROVISIONS
SEC. 601. DENIAL OF VISAS FOR CERTAIN PERSONS OF THE GOVERNMENT OF
IRAN.
(a) In General.--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 deny admission into the United States to, 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), including a person
who is a senior official of the Government of Iran who is specified in
the list under section 205(a)(1), if the Secretary determines that such
person--
(1) is an agent, instrumentality, or official of, is
affiliated with, or is serving as a representative of the
Government of Iran; and
(2) presents a threat to the United States or is affiliated
with terrorist organizations.
(b) Restriction on Movement.--The Secretary of State shall restrict
in Washington, D.C., and at the United Nations in New York City, the
travel to only within a 25-mile radius of Washington, D.C., or the
United Nations headquarters building, respectively, of any person
identified in subsection (a).
(c) Restriction on Contact.--No person employed with the United
States Government may contact in an official or unofficial capacity any
person that--
(1) is an agent, instrumentality, or official of, is
affiliated with, or is serving as a representative of the
Government of Iran; and
(2) presents a threat to the United States or is affiliated
with terrorist organizations.
(d) Waiver.--The President may waive the requirements of subsection
(c) 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.
SEC. 602. INADMISSIBILITY OF CERTAIN ALIENS WHO ENGAGE IN CERTAIN
ACTIVITIES WITH RESPECT TO IRAN.
(a) In General.--Section 212(a)(3) of the Immigration and
Nationality Act (8 U.S.C. 1182(a)(3)) is amended by adding at the end
the following:
``(H) Individuals who engage in certain activities
with respect to iran.--
``(i) In general.--Subject to clause (iii),
any alien described in clause (ii) is
inadmissible.
``(ii) Aliens described.--An alien
described in this clause is an alien who the
Secretary of State determines--
``(I) engages in--
``(aa) an activity for
which sanctions may be imposed
pursuant to section 105(a) of
the Iran Threat Reduction Act
of 2011;
``(bb) an activity--
``(AA) relating to
the proliferation by
Iran of weapons of mass
destruction or the
means of delivery of
such weapons; and
``(BB) for which
sanctions may be
imposed pursuant to
Executive Order No.
13382 (70 Fed. Reg.
38567) (or any
successor thereto);
``(cc) an activity--
``(AA) relating to
support for
international terrorism
by the Government of
Iran; and
``(BB) for which
sanctions may be
imposed pursuant to
Executive Order No.
13224 (66 Fed. Reg.
49079) (or any
successor thereto); or
``(dd) any other activity
with respect to Iran for which
sanctions may be imposed
pursuant to any other provision
of law;
``(II) is the chief executive
officer, president, or other individual
in charge of overall management of, a
member of the board of directors of, or
a shareholder with a controlling
interest in, an entity that engages in
an activity described in subclause (I);
or
``(III) is a spouse or minor child
of--
``(aa) an alien who engages
in an activity described in
subclause (I); or
``(bb) the chief executive
officer, president, or other
individual in charge of overall
management of, a member of the
board of directors of, or a
shareholder with a controlling
interest in, an entity that
engages in an activity
described in subclause (I).
``(iii) Notice; waiver with respect to
certain entities.--
``(I) Notice.--The Secretary of
State may notify an alien the Secretary
determines may be inadmissible under
this subparagraph--
``(aa) that the alien may
be inadmissible; and
``(bb) of the reason for
the inadmissibility of the
alien.
``(II) Waiver.--The President may
waive the application of this
subparagraph and admit an alien to the
United States if--
``(aa) the alien is
described in subclause (II) or
(III)(bb) of clause (ii);
``(bb) the entity that
engaged in the activity that
would otherwise result in the
inadmissibility of the alien
under this subparagraph is no
longer engaging the activity or
has taken significant steps
toward stopping the activity;
and
``(cc) the President has
received reliable assurances
that the entity will not
knowingly engage in an activity
described in clause (ii)(I)
again.''.
(b) Regulations.--Section 428 of the Homeland Security Act of 2002
(6 U.S.C. 236) is amended by adding at the end the following:
``(j) Regulations With Respect to Inadmissibility of Aliens Who
Engage in Certain Transactions With Iran.--Not later than 180 days
after the date of the enactment of this subsection, the Secretary shall
issue regulations and guidelines for interpreting and enforcing the
prohibition under subparagraph (H) of section 212(a)(3) of the
Immigration and Nationality Act (8 U.S.C. 1182(a)(3)) on the
admissibility of aliens who engage in certain sanctionable activities
with respect to Iran.''.
SEC. 603. AMENDMENTS TO CIVIL AND CRIMINAL PENALTIES PROVISIONS UNDER
THE INTERNATIONAL EMERGENCY ECONOMIC POWERS ACT.
(a) In General.--Section 206 of the International Emergency
Economic Powers Act (50 U.S.C. 1705) is amended--
(1) in subsection (a), by striking ``attempt to violate,
conspire to violate'' and inserting ``attempt or conspire to
violate'';
(2) in subsection (b), by striking ``not to exceed'' and
all that follows and inserting ``that is not less than twice
the value of the transaction that is the basis of the
violation.''; and
(3) in subsection (c) to read as follows:
``(c) Criminal Penalties.--A person who willfully commits, attempts
or conspires to commit, or aids or abets in the commission of, an
unlawful act described in subsection (a) shall be fined not less than
$1,000,000, imprisoned for not more than 20 years, or both. A person
other than a natural person shall be fined in an amount not less than
the greater of half of the value of the transaction that is the basis
of the violation or $10,000,000.''.
(b) Effective Date.--The amendments made by this section take
effect on the date of the enactment of this Act and apply with respect
to any violation of section 206(a) of the International Emergency
Economic Powers Act (50 U.S.C. 1705(a)) that occurs on or after such
date of enactment.
SEC. 604. EXCLUSION OF CERTAIN ACTIVITIES.
Nothing in this Act or any amendment made by this Act shall apply
to--
(1) activities subject to the reporting requirements of
title V of the National Security Act of 1947; or
(2) involving a natural gas development and pipeline
project initiated prior to the date of enactment of this Act--
(A) to bring gas from Azerbaijan to Europe and
Turkey;
(B) in furtherance of a production sharing
agreement or license awarded by a sovereign government,
other than the Iranian government, before the date of
enactment of this Act; and
(C) for the purpose of providing energy security
and independence from Russia and other governments
engaged in activities subject to sanctions under this
Act.
SEC. 605. REGULATORY AUTHORITY.
(a) In General.--The President shall, not later than 90 days after
the date of the enactment of this Act, promulgate regulations as
necessary for the implementation of this Act and the amendments made by
this Act.
(b) Consultation With Congress.--Not less than 10 days prior to the
promulgation of regulations under subsection (a), the President shall
notify the appropriate congressional committees of the proposed
regulations and the provisions of this Act and the amendments made by
this Act that the regulations are implementing.
SEC. 606. SUNSET.
(a) Sunset.--The provisions of this Act and the amendments made by
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--
(1) has ceased and verifiably dismantled its efforts to
design, develop, manufacture, or acquire--
(A) a nuclear explosive device or related materials
and technology;
(B) chemical and biological weapons; and
(C) ballistic missiles and ballistic missile launch
technology;
(2) no longer provides support for acts of international
terrorism; and
(3) poses no threat to United States national security,
interests, or allies.
(b) Notification.--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).
Passed the House of Representatives December 14, 2011.
Attest:
KAREN L. HAAS,
Clerk.