[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 750 Engrossed in House (EH)]

H. Res. 750

                In the House of Representatives, U. S.,

                                                        August 1, 2012.
    Resolved, That upon the adoption of this resolution the bill (H.R. 1905) 
entitled ``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.'', with the Senate amendment thereto, shall 
be considered to have been taken from the Speaker's table to the end that the 
Senate amendment thereto be, and the same is hereby, agreed to with the 
following amendment:
            In lieu of the matter proposed to be inserted by the amendment of 
        the Senate, insert the following:

SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Iran Threat Reduction and 
Syria Human Rights Act of 2012''.
    (b) Table of Contents.--The table of contents for this Act is as follows:

Sec. 1. Short title; table of contents.
Sec. 2. Definitions.
  TITLE I--EXPANSION OF MULTILATERAL SANCTIONS REGIME WITH RESPECT TO 
                                  IRAN

Sec. 101. Sense of Congress on enforcement of multilateral sanctions 
                            regime and expansion and implementation of 
                            sanctions laws.
Sec. 102. Diplomatic efforts to expand multilateral sanctions regime.
TITLE II--EXPANSION OF SANCTIONS RELATING TO THE ENERGY SECTOR OF IRAN 
        AND PROLIFERATION OF WEAPONS OF MASS DESTRUCTION BY IRAN

        Subtitle A--Expansion of the Iran Sanctions Act of 1996

Sec. 201. Expansion of sanctions with respect to the energy sector of 
                            Iran.
Sec. 202. Imposition of sanctions with respect to transportation of 
                            crude oil from Iran and evasion of 
                            sanctions by shipping companies.
Sec. 203. Expansion of sanctions with respect to development by Iran of 
                            weapons of mass destruction.
Sec. 204. Expansion of sanctions available under the Iran Sanctions Act 
                            of 1996.
Sec. 205. Modification of waiver standard under the Iran Sanctions Act 
                            of 1996.
Sec. 206. Briefings on implementation of the Iran Sanctions Act of 
                            1996.
Sec. 207. Expansion of definitions under the Iran Sanctions Act of 
                            1996.
Sec. 208. Sense of Congress on energy sector of Iran.
   Subtitle B--Additional Measures Relating to Sanctions Against Iran

Sec. 211. Imposition of sanctions with respect to the provision of 
                            vessels or shipping services to transport 
                            certain goods related to proliferation or 
                            terrorism activities to Iran.
Sec. 212. Imposition of sanctions with respect to provision of 
                            underwriting services or insurance or 
                            reinsurance for the National Iranian Oil 
                            Company or the National Iranian Tanker 
                            Company.
Sec. 213. Imposition of sanctions with respect to purchase, 
                            subscription to, or facilitation of the 
                            issuance of Iranian sovereign debt.
Sec. 214. Imposition of sanctions with respect to subsidiaries and 
                            agents of persons sanctioned by United 
                            Nations Security Council resolutions.
Sec. 215. Imposition of sanctions with respect to transactions with 
                            persons sanctioned for certain activities 
                            relating to terrorism or proliferation of 
                            weapons of mass destruction.
Sec. 216. Expansion of, and reports on, mandatory sanctions with 
                            respect to financial institutions that 
                            engage in certain activities relating to 
                            Iran.
Sec. 217. Continuation in effect of sanctions with respect to the 
                            Government of Iran, the Central Bank of 
                            Iran, and sanctions evaders.
Sec. 218. Liability of parent companies for violations of sanctions by 
                            foreign subsidiaries.
Sec. 219. Disclosures to the Securities and Exchange Commission 
                            relating to sanctionable activities.
Sec. 220. Reports on, and authorization of imposition of sanctions with 
                            respect to, the provision of specialized 
                            financial messaging services to the Central 
                            Bank of Iran and other sanctioned Iranian 
                            financial institutions.
Sec. 221. Identification of, and immigration restrictions on, senior 
                            officials of the Government of Iran and 
                            their family members.
Sec. 222. Sense of Congress and rule of construction relating to 
                            certain authorities of State and local 
                            governments.
Sec. 223. Government Accountability Office report on foreign entities 
                            that invest in the energy sector of Iran or 
                            export refined petroleum products to Iran.
Sec. 224. Reporting on the importation to and exportation from Iran of 
                            crude oil and refined petroleum products.
 TITLE III--SANCTIONS WITH RESPECT TO IRAN'S REVOLUTIONARY GUARD CORPS

     Subtitle A--Identification of, and Sanctions With Respect to, 
 Officials, Agents, Affiliates, and Supporters of Iran's Revolutionary 
                Guard Corps and Other Sanctioned Persons

Sec. 301. Identification of, and imposition of sanctions with respect 
                            to, officials, agents, and affiliates of 
                            Iran's Revolutionary Guard Corps.
Sec. 302. Identification of, and imposition of sanctions with respect 
                            to, persons that support or conduct certain 
                            transactions with Iran's Revolutionary 
                            Guard Corps or other sanctioned persons.
Sec. 303. Identification of, and imposition of measures with respect 
                            to, foreign government agencies carrying 
                            out activities or transactions with certain 
                            Iran-affiliated persons.
Sec. 304. Rule of construction.
Subtitle B--Additional Measures Relating to Iran's Revolutionary Guard 
                                 Corps

Sec. 311. Expansion of procurement prohibition to foreign persons that 
                            engage in certain transactions with Iran's 
                            Revolutionary Guard Corps.
Sec. 312. Determinations of whether the National Iranian Oil Company 
                            and the National Iranian Tanker Company are 
                            agents or affiliates of Iran's 
                            Revolutionary Guard Corps.
       TITLE IV--MEASURES RELATING TO HUMAN RIGHTS ABUSES IN IRAN

 Subtitle A--Expansion of Sanctions Relating to Human Rights Abuses in 
                                  Iran

Sec. 401. Imposition of sanctions on certain persons 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. 402. Imposition of sanctions with respect to the transfer of goods 
                            or technologies to Iran that are likely to 
                            be used to commit human rights abuses.
Sec. 403. Imposition of sanctions with respect to persons who engage in 
                            censorship or other related activities 
                            against citizens of Iran.
        Subtitle B--Additional Measures to Promote Human Rights

Sec. 411. Codification of sanctions with respect to grave human rights 
                            abuses by the governments of Iran and Syria 
                            using information technology.
Sec. 412. Clarification of sensitive technologies for purposes of 
                            procurement ban under Comprehensive Iran 
                            Sanctions, Accountability, and Divestment 
                            Act of 2010.
Sec. 413. Expedited consideration of requests for authorization of 
                            certain human rights-, humanitarian-, and 
                            democracy-related activities with respect 
                            to Iran.
Sec. 414. Comprehensive strategy to promote Internet freedom and access 
                            to information in Iran.
Sec. 415. Statement of policy on political prisoners.
                         TITLE V--MISCELLANEOUS

Sec. 501. Exclusion of citizens of Iran seeking education relating to 
                            the nuclear and energy sectors of Iran.
Sec. 502. Interests in certain financial assets of Iran.
Sec. 503. Technical correction to section 1245 of the National Defense 
                            Authorization Act for Fiscal Year 2012.
Sec. 504. Expansion of sanctions under section 1245 of the National 
                            Defense Authorization Act for Fiscal Year 
                            2012.
Sec. 505. Reports on natural gas exports from Iran.
Sec. 506. Report on membership of Iran in international organizations.
Sec. 507. Sense of Congress on exportation of goods, services, and 
                            technologies for aircraft produced in the 
                            United States.
                      TITLE VI--GENERAL PROVISIONS

Sec. 601. Implementation; penalties.
Sec. 602. Applicability to certain intelligence activities.
Sec. 603. Applicability to certain natural gas projects.
Sec. 604. Rule of construction with respect to use of force against 
                            Iran and Syria.
Sec. 605. Termination.
   TITLE VII--SANCTIONS WITH RESPECT TO HUMAN RIGHTS ABUSES IN SYRIA

Sec. 701. Short title.
Sec. 702. Imposition of sanctions with respect to certain persons who 
                            are responsible for or complicit in human 
                            rights abuses committed against citizens of 
                            Syria or their family members.
Sec. 703. Imposition of sanctions with respect to the transfer of goods 
                            or technologies to Syria that are likely to 
                            be used to commit human rights abuses.
Sec. 704. Imposition of sanctions with respect to persons who engage in 
                            censorship or other forms of repression in 
                            Syria.
Sec. 705. Waiver.
Sec. 706. Termination.

SEC. 2. DEFINITIONS.

    Except as otherwise specifically provided, in this Act:
            (1) Appropriate congressional committees.--The term ``appropriate 
        congressional committees'' has the meaning given that term in section 14 
        of the Iran Sanctions Act of 1996 (Public Law 104-172; 50 U.S.C. 1701 
        note).
            (2) Financial transaction.--The term ``financial transaction'' means 
        any transfer of value involving a financial institution, including the 
        transfer of forwards, futures, options, swaps, or precious metals, 
        including gold, silver, platinum, and palladium.
            (3) Knowingly.--The term ``knowingly'' has the meaning given that 
        term in section 14 of the Iran Sanctions Act of 1996 (Public Law 104-
        172; 50 U.S.C. 1701 note).
            (4) United states person.--The term ``United States person'' has the 
        meaning given that term in section 101 of the Comprehensive Iran 
        Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 8511).

    TITLE I--EXPANSION OF MULTILATERAL SANCTIONS REGIME WITH RESPECT TO IRAN

SEC. 101. SENSE OF CONGRESS ON ENFORCEMENT OF MULTILATERAL SANCTIONS REGIME AND 
              EXPANSION AND IMPLEMENTATION OF SANCTIONS LAWS.

    It is the sense of Congress that the goal of compelling Iran to abandon 
efforts to acquire a nuclear weapons capability and other threatening activities 
can be effectively achieved through a comprehensive policy that includes 
economic sanctions, diplomacy, and military planning, capabilities and options, 
and that this objective is consistent with the one stated by President Barack 
Obama in the 2012 State of the Union Address: ``Let there be no doubt: America 
is determined to prevent Iran from getting a nuclear weapon, and I will take no 
options off the table to achieve that goal''. Among the economic measures to be 
taken are--
            (1) prompt enforcement of the current multilateral sanctions regime 
        with respect to Iran;
            (2) full, timely, and vigorous implementation of all sanctions 
        enacted into law, including sanctions imposed or expanded by this Act or 
        amendments made by this Act, through--
                    (A) intensified monitoring by the President and the 
                designees of the President, including the Secretary of the 
                Treasury, the Secretary of State, and senior officials in the 
                intelligence community (as defined in section 3(4) of the 
                National Security Act of 1947 (50 U.S.C. 401a(4)), as 
                appropriate;
                    (B) more extensive use of extraordinary authorities provided 
                for under the International Emergency Economic Powers Act (50 
                U.S.C. 1701 et seq.) and other sanctions laws;
                    (C) reallocation of resources to provide the personnel 
                necessary, within the Department of the Treasury, the Department 
                of State, and the Department of Commerce, and, where 
                appropriate, the intelligence community, to apply and enforce 
                sanctions; and
                    (D) expanded cooperation with international sanctions 
                enforcement efforts;
            (3) urgent consideration of the expansion of existing sanctions with 
        respect to such areas as--
                    (A) the provision of energy-related services to Iran;
                    (B) the provision of insurance and reinsurance services to 
                Iran;
                    (C) the provision of shipping services to Iran; and
                    (D) those Iranian financial institutions not yet designated 
                for the imposition of sanctions that may be acting as 
                intermediaries for Iranian financial institutions that are 
                designated for the imposition of sanctions; and
            (4) a focus on countering Iran's efforts to evade sanctions, 
        including--
                    (A) the activities of telecommunications, Internet, and 
                satellite service providers, in and outside of Iran, to ensure 
                that such providers are not participating in or facilitating, 
                directly or indirectly, the evasion of the sanctions regime with 
                respect to Iran or violations of the human rights of the people 
                of Iran;
                    (B) the activities of financial institutions or other 
                businesses or government agencies, in or outside of Iran, not 
                yet designated for the imposition of sanctions; and
                    (C) urgent and ongoing evaluation of Iran's energy, national 
                security, financial, and telecommunications sectors, to gauge 
                the effects of, and possible defects in, particular sanctions, 
                with prompt efforts to correct any gaps in the existing 
                sanctions regime with respect to Iran.

SEC. 102. DIPLOMATIC EFFORTS TO EXPAND MULTILATERAL SANCTIONS REGIME.

    (a) Multilateral Negotiations.--Congress urges the President to intensify 
diplomatic efforts, both in appropriate international fora such as the United 
Nations and bilaterally with allies of the United States, for the purpose of--
            (1) expanding the United Nations Security Council sanctions regime 
        to include--
                    (A) a prohibition on the issuance of visas to any official 
                of the Government of Iran who is involved in--
                            (i) human rights violations in or outside of Iran;
                            (ii) the development of a nuclear weapons program 
                        and a ballistic missile capability in Iran; or
                            (iii) support by the Government of Iran for 
                        terrorist organizations, including Hamas and Hezbollah; 
                        and
                    (B) a requirement that each member country of the United 
                Nations--
                            (i) prohibit the Islamic Republic of Iran Shipping 
                        Lines from landing at seaports, and cargo flights of 
                        Iran Air from landing at airports, in that country 
                        because of the role of those organizations in 
                        proliferation and illegal arms sales; and
                            (ii) apply the prohibitions described in clause (i) 
                        to other Iranian entities designated for the imposition 
                        of sanctions on or after the date of the enactment of 
                        this Act;
            (2) expanding the range of sanctions imposed with respect to Iran by 
        allies of the United States;
            (3) expanding efforts to limit the development of petroleum 
        resources and the importation of refined petroleum products by Iran;
            (4) developing additional initiatives to--
                    (A) increase the production of crude oil in countries other 
                than Iran; and
                    (B) assist countries that purchase or otherwise obtain crude 
                oil or petroleum products from Iran to eliminate their 
                dependence on crude oil and petroleum products from Iran; and
            (5) eliminating the revenue generated by the Government of Iran from 
        the sale of petrochemical products produced in Iran to other countries.
    (b) Reports to Congress.--Not later than 180 days after the date of the 
enactment of this Act, and every 180 days 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 that 
includes--
            (1) an identification of the countries that have agreed to impose 
        sanctions or take other measures to further the policy set forth in 
        subsection (a);
            (2) the extent of the implementation and enforcement of those 
        sanctions or other measures by those countries;
            (3) the criteria the President uses to determine whether a country 
        has significantly reduced its crude oil purchases from Iran pursuant to 
        section 1245(d)(4)(D) of the National Defense Authorization Act for 
        Fiscal Year 2012, as amended by section 504, including considerations of 
        reductions both in terms of volume and price;
            (4) an identification of the countries that have not agreed to 
        impose such sanctions or measures, including such countries granted 
        exceptions for significant reductions in crude oil purchases pursuant to 
        such section 1245(d)(4)(D);
            (5) recommendations for additional measures that the United States 
        could take to further diplomatic efforts described in subsection (a); 
        and
            (6) the disposition of any decision with respect to sanctions 
        imposed with respect to Iran by the World Trade Organization or its 
        predecessor organization.

   TITLE II--EXPANSION OF SANCTIONS RELATING TO THE ENERGY SECTOR OF IRAN AND 
              PROLIFERATION OF WEAPONS OF MASS DESTRUCTION BY IRAN

             Subtitle A--Expansion of the Iran Sanctions Act of 1996

SEC. 201. EXPANSION OF SANCTIONS WITH RESPECT TO THE ENERGY SECTOR OF IRAN.

    Section 5(a) of the Iran Sanctions Act of 1996 (Public Law 104-172; 50 
U.S.C. 1701 note) is amended--
            (1) in the subsection heading, by striking ``with Respect to'' and 
        all that follows through ``to Iran'' and inserting ``relating to the 
        Energy Sector of Iran'';
            (2) in paragraph (1)(A)--
                    (A) by striking ``3 or more'' and inserting ``5 or more''; 
                and
                    (B) by striking ``the Comprehensive Iran Sanctions, 
                Accountability, and Divestment Act of 2010'' and inserting ``the 
                Iran Threat Reduction and Syria Human Rights Act of 2012'';
            (3) in paragraph (2)--
                    (A) in subparagraph (A)--
                            (i) by striking ``3 or more'' and inserting ``5 or 
                        more''; and
                            (ii) by striking ``the Comprehensive Iran Sanctions, 
                        Accountability, and Divestment Act of 2010'' and 
                        inserting ``the Iran Threat Reduction and Syria Human 
                        Rights Act of 2012''; and
                    (B) in subparagraph (B), by inserting before the period at 
                the end the following: ``or directly associated infrastructure, 
                including construction of port facilities, railways, and roads, 
                the primary use of which is to support the delivery of refined 
                petroleum products'';
            (4) in paragraph (3)--
                    (A) in subparagraph (A)--
                            (i) by striking ``3 or more'' and inserting ``5 or 
                        more''; and
                            (ii) by striking ``the Comprehensive Iran Sanctions, 
                        Accountability, and Divestment Act of 2010'' and 
                        inserting ``the Iran Threat Reduction and Syria Human 
                        Rights Act of 2012''; and
                    (B) in subparagraph (B)--
                            (i) in clause (ii), by striking ``; or'' and 
                        inserting a semicolon;
                            (ii) in clause (iii), by striking the period at the 
                        end and inserting a semicolon; and
                            (iii) by adding at the end the following:
                            ``(iv) bartering or contracting by which goods are 
                        exchanged for goods, including the insurance or 
                        reinsurance of such exchanges; or
                            ``(v) purchasing, subscribing to, or facilitating 
                        the issuance of sovereign debt of the Government of 
                        Iran, including governmental bonds, issued on or after 
                        the date of the enactment of the Iran Threat Reduction 
                        and Syria Human Rights Act of 2012.''; and
            (5) by adding at the end the following:
            ``(4) Joint ventures with iran relating to developing petroleum 
        resources.--
                    ``(A) In general.--Except as provided in subparagraph (B) or 
                subsection (f), the President shall impose 5 or more of the 
                sanctions described in section 6(a) with respect to a person if 
                the President determines that the person knowingly participates, 
                on or after the date of the enactment of the Iran Threat 
                Reduction and Syria Human Rights Act of 2012, in a joint venture 
                with respect to the development of petroleum resources outside 
                of Iran if--
                            ``(i) the joint venture is established on or after 
                        January 1, 2002; and
                            ``(ii)(I) the Government of Iran is a substantial 
                        partner or investor in the joint venture; or
                            ``(II) Iran could, through a direct operational role 
                        in the joint venture or by other means, receive 
                        technological knowledge or equipment not previously 
                        available to Iran that could directly and significantly 
                        contribute to the enhancement of Iran's ability to 
                        develop petroleum resources in Iran.
                    ``(B) Applicability.--Subparagraph (A) shall not apply with 
                respect to participation in a joint venture established on or 
                after January 1, 2002, and before the date of the enactment of 
                the Iran Threat Reduction and Syria Human Rights Act of 2012, if 
                the person participating in the joint venture terminates that 
                participation not later than the date that is 180 days after 
                such date of enactment.
            ``(5) Support for the development of petroleum resources and refined 
        petroleum products in iran.--
                    ``(A) In general.--Except as provided in subsection (f), the 
                President shall impose 5 or more of the sanctions described in 
                section 6(a) with respect to a person if the President 
                determines that the person knowingly, on or after the date of 
                the enactment of the Iran Threat Reduction and Syria Human 
                Rights Act of 2012, sells, leases, or provides to Iran goods, 
                services, technology, 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, or support described.--
                Goods, services, technology, or support described in this 
                subparagraph are goods, services, technology, or support that 
                could directly and significantly contribute to the maintenance 
                or enhancement of Iran's--
                            ``(i) ability to develop petroleum resources located 
                        in Iran; or
                            ``(ii) domestic production of refined petroleum 
                        products, including any direct and significant 
                        assistance with respect to the construction, 
                        modernization, or repair of petroleum refineries or 
                        directly associated infrastructure, including 
                        construction of port facilities, railways, and roads, 
                        the primary use of which is to support the delivery of 
                        refined petroleum products.
            ``(6) Development and purchase of petrochemical products from 
        iran.--
                    ``(A) In general.--Except as provided in subsection (f), the 
                President shall impose 5 or more of the sanctions described in 
                section 6(a) with respect to a person if the President 
                determines that the person knowingly, on or after the date of 
                the enactment of the Iran Threat Reduction and Syria Human 
                Rights Act of 2012, sells, leases, or provides to Iran goods, 
                services, technology, or support described in subparagraph (B)--
                            ``(i) any of which has a fair market value of 
                        $250,000 or more; or
                            ``(ii) that, during a 12-month period, have an 
                        aggregate fair market value of $1,000,000 or more.
                    ``(B) Goods, services, technology, or support described.--
                Goods, services, technology, or support described in this 
                subparagraph are goods, services, technology, or support that 
                could directly and significantly contribute to the maintenance 
                or expansion of Iran's domestic production of petrochemical 
                products.''.

SEC. 202. IMPOSITION OF SANCTIONS WITH RESPECT TO TRANSPORTATION OF CRUDE OIL 
              FROM IRAN AND EVASION OF SANCTIONS BY SHIPPING COMPANIES.

    (a) In General.--Section 5(a) of the Iran Sanctions Act of 1996, as amended 
by section 201, is further amended by adding at the end the following:
            ``(7) Transportation of crude oil from iran.--
                    ``(A) In general.--Except as provided in subsection (f), the 
                President shall impose 5 or more of the sanctions described in 
                section 6(a) with respect to a person if the President 
                determines that--
                            ``(i) the person is a controlling beneficial owner 
                        of, or otherwise owns, operates, or controls, or 
                        insures, a vessel that, on or after the date that is 90 
                        days after the date of the enactment of the Iran Threat 
                        Reduction and Syria Human Rights Act of 2012, was used 
                        to transport crude oil from Iran to another country; and
                            ``(ii)(I) in the case of a person that is a 
                        controlling beneficial owner of the vessel, the person 
                        had actual knowledge the vessel was so used; or
                            ``(II) in the case of a person that otherwise owns, 
                        operates, or controls, or insures, the vessel, the 
                        person knew or should have known the vessel was so used.
                    ``(B) Applicability of sanctions.--
                            ``(i) In general.--Except as provided in clause 
                        (ii), subparagraph (A) shall apply with respect to the 
                        transportation of crude oil from Iran only if a 
                        determination of the President under section 
                        1245(d)(4)(B) of the National Defense Authorization Act 
                        for Fiscal Year 2012 (22 U.S.C. 8513a(d)(4)(B)) that 
                        there is a sufficient supply of petroleum and petroleum 
                        products produced in countries other than Iran to permit 
                        purchasers of petroleum and petroleum products from Iran 
                        to reduce significantly their purchases from Iran is in 
                        effect at the time of the transportation of the crude 
                        oil.
                            ``(ii) Exception for certain countries.--
                        Subparagraph (A) shall not apply with respect to the 
                        transportation of crude oil from Iran to a country to 
                        which the exception under paragraph (4)(D) of section 
                        1245(d) of the National Defense Authorization Act for 
                        Fiscal Year 2012 (22 U.S.C. 8513a(d)) to the imposition 
                        of sanctions under paragraph (1) of that section applies 
                        at the time of the transportation of the crude oil.
            ``(8) Concealing iranian origin of crude oil and refined petroleum 
        products.--
                    ``(A) In general.--Except as provided in subsection (f), the 
                President shall impose 5 or more of the sanctions described in 
                section 6(a) with respect to a person if the President 
                determines that the person is a controlling beneficial owner, or 
                otherwise owns, operates, or controls, a vessel that, on or 
                after the date that is 90 days after the date of the enactment 
                of the Iran Threat Reduction and Syria Human Rights Act of 2012, 
                is used, with actual knowledge in the case of a person that is a 
                controlling beneficial owner or knowingly in the case of a 
                person that otherwise owns, operates, or controls the vessel, in 
                a manner that conceals the Iranian origin of crude oil or 
                refined petroleum products transported on the vessel, including 
                by--
                            ``(i) permitting the operator of the vessel to 
                        suspend the operation of the vessel's satellite tracking 
                        device; or
                            ``(ii) obscuring or concealing the ownership, 
                        operation, or control of the vessel by--
                                    ``(I) the Government of Iran;
                                    ``(II) the National Iranian Tanker Company 
                                or the Islamic Republic of Iran Shipping Lines; 
                                or
                                    ``(III) any other entity determined by the 
                                President to be owned or controlled by the 
                                Government of Iran or an entity specified in 
                                subclause (II).
                    ``(B) Additional sanction.--Subject to such regulations as 
                the President may prescribe and in addition to the sanctions 
                imposed under subparagraph (A), the President may prohibit a 
                vessel owned, operated, or controlled by a person, including a 
                controlling beneficial owner, with respect to which the 
                President has imposed sanctions under that subparagraph and that 
                was used for the activity for which the President imposed those 
                sanctions from landing at a port in the United States for a 
                period of not more than 2 years after the date on which the 
                President imposed those sanctions.
                    ``(C) Vessels identified by the office of foreign assets 
                control.--For purposes of subparagraph (A)(ii), a person shall 
                be deemed to have actual knowledge that a vessel is owned, 
                operated, or controlled by the Government of Iran or an entity 
                specified in subclause (II) or (III) of subparagraph (A)(ii) if 
                the International Maritime Organization vessel registration 
                identification for the vessel is--
                            ``(i) included on a list of specially designated 
                        nationals and blocked persons maintained by the Office 
                        of Foreign Assets Control of the Department of the 
                        Treasury for activities with respect to Iran; and
                            ``(ii) identified by the Office of Foreign Assets 
                        Control as a vessel in which the Government of Iran or 
                        any entity specified in subclause (II) or (III) of 
                        subparagraph (A)(ii) has an interest.
                    ``(D) Definition of iranian origin.--For purposes of 
                subparagraph (A), the term `Iranian origin' means--
                            ``(i) with respect to crude oil, that the crude oil 
                        was extracted in Iran; and
                            ``(ii) with respect to a refined petroleum product, 
                        that the refined petroleum product was produced or 
                        refined in Iran.
            ``(9) Exception for provision of underwriting services and insurance 
        and reinsurance.--The President may not impose sanctions under paragraph 
        (7) or (8) 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 
        provide underwriting services or insurance or reinsurance for the 
        transportation of crude oil or refined petroleum products from Iran in a 
        manner for which sanctions may be imposed under either such 
        paragraph.''.
    (b) Regulations and Guidelines.--Not later than 90 days after the date of 
the enactment of this Act, the President shall prescribe such regulations or 
guidelines as are necessary to implement paragraphs (7), (8), and (9) of section 
5(a) of the Iran Sanctions Act of 1996, as added by this section, including such 
regulations or guidelines as are necessary to implement subparagraph (B) of such 
paragraph (8).

SEC. 203. EXPANSION OF SANCTIONS WITH RESPECT TO DEVELOPMENT BY IRAN OF WEAPONS 
              OF MASS DESTRUCTION.

    (a) In General.--Section 5(b) of the Iran Sanctions Act of 1996 (Public Law 
104-172; 50 U.S.C. 1701 note) is amended--
            (1) by redesignating paragraph (2) as paragraph (3); and
            (2) by striking paragraph (1) and inserting the following:
            ``(1) Exports, transfers, and transshipments.--Except as provided in 
        subsection (f), the President shall impose 5 or more of the sanctions 
        described in section 6(a) with respect to a person if the President 
        determines that the person--
                    ``(A) on or after the date of the enactment of the Iran 
                Threat Reduction and Syria Human Rights Act of 2012, exported or 
                transferred, or permitted or otherwise facilitated the 
                transshipment of, any goods, services, technology, or other 
                items to any other person; and
                    ``(B) knew or should have known that--
                            ``(i) the export, transfer, or transshipment of the 
                        goods, services, technology, or other items would likely 
                        result in another person exporting, transferring, 
                        transshipping, or otherwise providing the goods, 
                        services, technology, or other items to Iran; and
                            ``(ii) the export, transfer, transshipment, or other 
                        provision of the goods, services, technology, or other 
                        items to Iran would contribute materially to the ability 
                        of Iran to--
                                    ``(I) acquire or develop chemical, 
                                biological, or nuclear weapons or related 
                                technologies; or
                                    ``(II) acquire or develop destabilizing 
                                numbers and types of advanced conventional 
                                weapons.
            ``(2) Joint ventures relating to the mining, production, or 
        transportation of uranium.--
                    ``(A) In general.--Except as provided in subparagraph (B) or 
                subsection (f), the President shall impose 5 or more of the 
                sanctions described in section 6(a) with respect to a person if 
                the President determines that the person knowingly participated, 
                on or after the date of the enactment of the Iran Threat 
                Reduction and Syria Human Rights Act of 2012, in a joint venture 
                that involves any activity relating to the mining, production, 
                or transportation of uranium--
                            ``(i)(I) established on or after February 2, 2012; 
                        and
                            ``(II) with--
                                    ``(aa) the Government of Iran;
                                    ``(bb) an entity incorporated in Iran or 
                                subject to the jurisdiction of the Government of 
                                Iran; or
                                    ``(cc) a person acting on behalf of or at 
                                the direction of, or owned or controlled by, the 
                                Government of Iran or an entity described in 
                                item (bb); or
                            ``(ii)(I) established before February 2, 2012;
                            ``(II) with the Government of Iran, an entity 
                        described in item (bb) of clause (i)(II), or a person 
                        described in item (cc) of that clause; and
                            ``(III) through which--
                                    ``(aa) uranium is transferred directly to 
                                Iran or indirectly to Iran through a third 
                                country;
                                    ``(bb) the Government of Iran receives 
                                significant revenue; or
                                    ``(cc) Iran could, through a direct 
                                operational role or by other means, receive 
                                technological knowledge or equipment not 
                                previously available to Iran that could 
                                contribute materially to the ability of Iran to 
                                develop nuclear weapons or related technologies.
                    ``(B) Applicability of sanctions.--Subparagraph (A) shall 
                not apply with respect to participation in a joint venture 
                established before the date of the enactment of the Iran Threat 
                Reduction and Syria Human Rights Act of 2012 if the person 
                participating in the joint venture terminates that participation 
                not later than the date that is 180 days after such date of 
                enactment.''.
    (b) Conforming Amendments.--The Iran Sanctions Act of 1996, as amended by 
this section and sections 201 and 202, is further amended--
            (1) in section 5--
                    (A) in paragraph (3) of subsection (b), as redesignated by 
                subsection (a)(1) of this section--
                            (i) by striking ``paragraph (1)'' each place it 
                        appears and inserting ``paragraph (1) or (2)''; and
                            (ii) in subparagraph (F)--
                                    (I) by striking ``that paragraph'' and 
                                inserting ``paragraph (1) or (2), as the case 
                                may be''; and
                                    (II) by striking ``the Comprehensive Iran 
                                Sanctions, Accountability, and Divestment Act of 
                                2010'' and inserting ``the Iran Threat Reduction 
                                and Syria Human Rights Act of 2012'';
                    (B) in subsection (c)--
                            (i) in the matter preceding paragraph (1), by 
                        striking ``subsections (a) and (b)(1)'' and inserting 
                        ``subsection (a) and paragraphs (1) and (2) of 
                        subsection (b)''; and
                            (ii) in paragraph (1), by striking ``subsection (a) 
                        or (b)(1)'' and inserting ``subsection (a) or paragraph 
                        (1) or (2) of subsection (b)''; and
                    (C) in subsection (f)--
                            (i) in the matter preceding paragraph (1), by 
                        striking ``subsection (a) or (b)(1)'' and inserting 
                        ``subsection (a) or paragraph (1) or (2) of subsection 
                        (b)''; and
                            (ii) by redesignating paragraphs (6) and (7) as 
                        paragraphs (5) and (6), respectively; and
            (2) in section 9, by striking ``section 5(a) or 5(b)(1)'' each place 
        it appears and inserting ``subsection (a) or paragraph (1) or (2) of 
        subsection (b) of section 5''.

SEC. 204. EXPANSION OF SANCTIONS AVAILABLE UNDER THE IRAN SANCTIONS ACT OF 1996.

    (a) In General.--Section 6(a) of the Iran Sanctions Act of 1996 (Public Law 
104-172; 50 U.S.C. 1701 note) is amended--
            (1) by redesignating paragraph (9) as paragraph (12); and
            (2) by inserting after paragraph (8) the following:
            ``(9) Ban on investment in equity or debt of sanctioned person.--The 
        President may, pursuant to such regulations or guidelines as the 
        President may prescribe, prohibit any United States person from 
        investing in or purchasing significant amounts of equity or debt 
        instruments of a sanctioned person.
            ``(10) Exclusion of corporate officers.--The President may direct 
        the Secretary of State to deny a visa to, and the Secretary of Homeland 
        Security to exclude from the United States, any alien that the President 
        determines is a corporate officer or principal of, or a shareholder with 
        a controlling interest in, a sanctioned person.
            ``(11) 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.''.
    (b) Effective Date.--The amendments made by subsection (a) shall take effect 
on the date of the enactment of this Act and apply with respect to activities 
described in subsections (a) and (b) of section 5 of the Iran Sanctions Act of 
1996, as amended by this title, commenced on or after such date of enactment.

SEC. 205. MODIFICATION OF WAIVER STANDARD UNDER THE IRAN SANCTIONS ACT OF 1996.

    Section 9(c) of the Iran Sanctions Act of 1996, as amended by section 203, 
is further amended by striking paragraph (1) and inserting the following:
            ``(1) Authority.--
                    ``(A) Sanctions relating to the energy sector of iran.--The 
                President may waive, on a case-by-case basis and for a period of 
                not more than one year, the requirement in section 5(a) to 
                impose a sanction or sanctions on a person described in section 
                5(c), and may waive the continued imposition of a sanction or 
                sanctions under subsection (b) of this section, 30 days or more 
                after the President determines and so reports to the appropriate 
                congressional committees that it is essential to the national 
                security interests of the United States to exercise such waiver 
                authority.
                    ``(B) Sanctions relating to development of weapons of mass 
                destruction or other military capabilities.--The President may 
                waive, on a case-by-case basis and for a period of not more than 
                one year, the requirement in paragraph (1) or (2) of section 
                5(b) to impose a sanction or sanctions on a person described in 
                section 5(c), and may waive the continued imposition of a 
                sanction or sanctions under subsection (b) of this section, 30 
                days or more after the President determines and so reports to 
                the appropriate congressional committees that it is vital to the 
                national security interests of the United States to exercise 
                such waiver authority.
                    ``(C) Renewal of waivers.--The President may renew, on a 
                case-by-case basis, a waiver with respect to a person under 
                subparagraph (A) or (B) for additional one-year periods if, not 
                later than 30 days before the waiver expires, the President 
                makes the determination and submits to the appropriate 
                congressional committees the report described in subparagraph 
                (A) or (B), as applicable.''.

SEC. 206. BRIEFINGS ON IMPLEMENTATION OF THE IRAN SANCTIONS ACT OF 1996.

    Section 4 of the Iran Sanctions Act of 1996 (Public Law 104-172; 50 U.S.C. 
1701 note) is amended by adding at the end the following:
    ``(f) Briefings on Implementation.--Not later than 90 days after the date of 
the enactment of the Iran Threat Reduction and Syria Human Rights Act of 2012, 
and every 120 days thereafter, the President, acting through the Secretary of 
State, shall provide to the appropriate congressional committees a comprehensive 
briefing on efforts to implement this Act.''.

SEC. 207. EXPANSION OF DEFINITIONS UNDER THE IRAN SANCTIONS ACT OF 1996.

    (a) In General.--Section 14 of the Iran Sanctions Act of 1996 (Public Law 
104-172; 50 U.S.C. 1701 note) is amended--
            (1) by redesignating paragraphs (17) and (18) as paragraphs (20) and 
        (21), respectively;
            (2) by redesignating paragraphs (15) and (16) as paragraphs (17) and 
        (18), respectively;
            (3) by redesignating paragraphs (4) through (14) as paragraphs (5) 
        through (15), respectively;
            (4) by inserting after paragraph (3) the following:
            ``(4) Credible information.--The term `credible information', with 
        respect to a person--
                    ``(A) includes--
                            ``(i) a public announcement by the person that the 
                        person has engaged in an activity described in 
                        subsection (a) or (b) of section 5; and
                            ``(ii) information set forth in a report to 
                        stockholders of the person indicating that the person 
                        has engaged in such an activity; and
                    ``(B) may include, in the discretion of the President--
                            ``(i) an announcement by the Government of Iran that 
                        the person has engaged in such an activity; or
                            ``(ii) information indicating that the person has 
                        engaged in such an activity that is set forth in--
                                    ``(I) a report of the Government 
                                Accountability Office, the Energy Information 
                                Administration, or the Congressional Research 
                                Service; or
                                    ``(II) a report or publication of a 
                                similarly reputable governmental organization or 
                                trade or industry organization.'';
            (5) by inserting after paragraph (15), as redesignated by paragraph 
        (3), the following:
            ``(16) Petrochemical product.--The term `petrochemical product' 
        includes any aromatic, olefin, or synthesis gas, and any derivative of 
        such a gas, including ethylene, propylene, butadiene, benzene, toluene, 
        xylene, ammonia, methanol, and urea.''; and
            (6) by inserting after paragraph (18), as redesignated by paragraph 
        (2), the following:
            ``(19) Services.--The term `services' includes software, hardware, 
        financial, professional consulting, engineering, and specialized energy 
        information services, energy-related technical assistance, and 
        maintenance and repairs.''.
    (b) Effective Date.--The amendments made by subsection (a) shall take effect 
on the date of the enactment of this Act and apply with respect to activities 
described in subsections (a) and (b) of section 5 of the Iran Sanctions Act of 
1996, as amended by this title, commenced on or after such date of enactment.

SEC. 208. SENSE OF CONGRESS ON ENERGY SECTOR OF IRAN.

    It is the sense of Congress that--
            (1) the energy sector of Iran remains a zone of proliferation 
        concern since the Government of Iran continues to divert substantial 
        revenues derived from sales of petroleum resources to finance its 
        illicit nuclear and missile activities; and
            (2) the President should apply the full range of sanctions under the 
        Iran Sanctions Act of 1996, as amended by this Act, to address the 
        threat posed by the Government of Iran.

       Subtitle B--Additional Measures Relating to Sanctions Against Iran

SEC. 211. IMPOSITION OF SANCTIONS WITH RESPECT TO THE PROVISION OF VESSELS OR 
              SHIPPING SERVICES TO TRANSPORT CERTAIN GOODS RELATED TO 
              PROLIFERATION OR TERRORISM ACTIVITIES TO IRAN.

    (a) In General.--Except as provided in subsection (c), if the President 
determines that a person, on or after the date of the enactment of this Act, 
knowingly sells, leases, or provides a vessel or provides insurance or 
reinsurance or any other shipping service for the transportation to or from Iran 
of goods that could materially contribute to the activities of the Government of 
Iran with respect to the proliferation of weapons of mass destruction or support 
for acts of international terrorism, the President shall, pursuant to Executive 
Order 13382 (70 Fed. Reg. 38567; relating to blocking of property of weapons of 
mass destruction proliferators and their supporters) or Executive Order 13224 
(66 Fed. Reg. 49079; relating to blocking property and prohibiting transactions 
with persons who commit, threaten to commit, or support terrorism), or otherwise 
pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et 
seq.), block and prohibit all transactions in all property and interests in 
property of the persons specified in subsection (b) if such property and 
interests in property are in the United States, come within the United States, 
or are or come within the possession or control of a United States person.
    (b) Persons Specified.--The persons specified in this subsection are--
            (1) the person that sold, leased, or provided a vessel or provided 
        insurance or reinsurance or another shipping service described in 
        subsection (a); 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) sold, leased, or 
                provided the vessel or provided the insurance or reinsurance or 
                other shipping service; 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 sale, lease, or provision 
                of the vessel or the provision of the insurance or reinsurance 
                or other shipping service.
    (c) Waiver.--The President may waive the requirement to impose sanctions 
with respect to a person under subsection (a) on or after the date that is 30 
days after the President--
            (1) determines that such a waiver is vital to the national security 
        interests of the United States; and
            (2) submits to the appropriate congressional committees a report 
        that contains the reasons for that determination.
    (d) Report Required.--
            (1) In general.--Not later than 90 days after the date of the 
        enactment of this Act, and every 90 days thereafter, the Secretary of 
        the Treasury, in coordination with the Secretary of State, shall submit 
        to the appropriate congressional committees a report identifying 
        operators of vessels and other persons that conduct or facilitate 
        significant financial transactions with persons that manage ports in 
        Iran that have been designated for the imposition of sanctions pursuant 
        to the International Emergency Economic Powers Act (50 U.S.C. 1701 et 
        seq.).
            (2) Form of report.--A report submitted under paragraph (1) shall be 
        submitted in unclassified form but may contain a classified annex.
    (e) Rule of Construction.--Nothing in this section shall be construed to 
limit the authority of the President to designate persons for the imposition of 
sanctions pursuant to Executive Order 13382 (70 Fed. Reg. 38567; relating to the 
blocking of property of weapons of mass destruction proliferators and their 
supporters) or Executive Order 13224 (66 Fed. Reg. 49079; relating to blocking 
property and prohibiting transactions with persons who commit, threaten to 
commit, or support terrorism), or otherwise pursuant to the International 
Emergency Economic Powers Act (50 U.S.C. 1701 et seq.).

SEC. 212. IMPOSITION OF SANCTIONS WITH RESPECT TO PROVISION OF UNDERWRITING 
              SERVICES OR INSURANCE OR REINSURANCE FOR THE NATIONAL IRANIAN OIL 
              COMPANY OR THE NATIONAL IRANIAN TANKER COMPANY.

    (a) In General.--Except as provided in subsection (b), not later than 60 
days after the date of the enactment of this Act, the President shall impose 5 
or more of the sanctions described in section 6(a) of the Iran Sanctions Act of 
1996, as amended by section 204, with respect to a person if the President 
determines that the person knowingly, on or after such date of enactment, 
provides underwriting services or insurance or reinsurance for the National 
Iranian Oil Company, the National Iranian Tanker Company, or a successor entity 
to either such company.
    (b) Exceptions.--
            (1) Underwriters and insurance providers exercising due diligence.--
        The President is authorized not to impose sanctions under subsection (a) 
        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 provide 
        underwriting services or insurance or reinsurance for the National 
        Iranian Oil Company, the National Iranian Tanker Company, or a successor 
        entity to either such company.
            (2) Food; medicine; humanitarian assistance.--The President may not 
        impose sanctions under subsection (a) for the provision of underwriting 
        services or insurance or reinsurance for any activity relating solely 
        to--
                    (A) the provision of agricultural commodities, food, 
                medicine, or medical devices to Iran; or
                    (B) the provision of humanitarian assistance to the people 
                of Iran.
            (3) Termination period.--The President is authorized not to impose 
        sanctions under subsection (a) with respect to a person if the President 
        receives reliable assurances that the person will terminate the 
        provision of underwriting services or insurance or reinsurance for the 
        National Iranian Oil Company, the National Iranian Tanker Company, and 
        any successor entity to either such company, not later than the date 
        that is 120 days after the date of the enactment of this Act.
    (c) Definitions.--In this section:
            (1) Agricultural commodity.--The term ``agricultural commodity'' has 
        the meaning given that term in section 102 of the Agricultural Trade Act 
        of 1978 (7 U.S.C. 5602).
            (2) Medical device.--The term ``medical device'' has the meaning 
        given the term ``device'' in section 201 of the Federal Food, Drug, and 
        Cosmetic Act (21 U.S.C. 321).
            (3) Medicine.--The term ``medicine'' has the meaning given the term 
        ``drug'' in section 201 of the Federal Food, Drug, and Cosmetic Act (21 
        U.S.C. 321).
    (d) Application of Provisions of Iran Sanctions Act of 1996.--The following 
provisions of the Iran Sanctions Act of 1996, as amended by this Act, apply with 
respect to the imposition of sanctions under subsection (a) to the same extent 
that such provisions apply with respect to the imposition of sanctions under 
section 5(a) of the Iran Sanctions Act of 1996:
            (1) Subsection (c) of section 4.
            (2) Subsections (c), (d), and (f) of section 5.
            (3) Section 8.
            (4) Section 9.
            (5) Section 11.
            (6) Section 12.
            (7) Subsection (b) of section 13.
            (8) Section 14.
    (e) Rule of Construction and Implementation.--Nothing in this section shall 
be construed to limit the authority of the President to impose sanctions 
pursuant to the Iran Sanctions Act of 1996 (Public Law 104-172; 50 U.S.C. 1701 
note), the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 
2010 (22 U.S.C. 8501 et seq.), the International Emergency Economic Powers Act 
(50U.S.C. 1701 et seq.), section 1245 of the National Defense Authorization Act 
for Fiscal Year 2012 (22 U.S.C. 8513a), or any other provision of this Act.

SEC. 213. IMPOSITION OF SANCTIONS WITH RESPECT TO PURCHASE, SUBSCRIPTION TO, OR 
              FACILITATION OF THE ISSUANCE OF IRANIAN SOVEREIGN DEBT.

    (a) In General.--The President shall impose 5 or more of the sanctions 
described in section 6(a) of the Iran Sanctions Act of 1996, as amended by 
section 204, 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--
            (1) sovereign debt of the Government of Iran issued on or after such 
        date of enactment, including governmental bonds; or
            (2) debt of any entity owned or controlled by the Government of Iran 
        issued on or after such date of enactment, including bonds.
    (b) Application of Provisions of Iran Sanctions Act of 1996.--The following 
provisions of the Iran Sanctions Act of 1996, as amended by this Act, apply with 
respect to the imposition of sanctions under subsection (a) to the same extent 
that such provisions apply with respect to the imposition of sanctions under 
section 5(a) of the Iran Sanctions Act of 1996:
            (1) Subsection (c) of section 4.
            (2) Subsections (c), (d), and (f) of section 5.
            (3) Section 8.
            (4) Section 9.
            (5) Section 11.
            (6) Section 12.
            (7) Subsection (b) of section 13.
            (8) Section 14.

SEC. 214. IMPOSITION OF SANCTIONS WITH RESPECT TO SUBSIDIARIES AND AGENTS OF 
              PERSONS SANCTIONED BY UNITED NATIONS SECURITY COUNCIL RESOLUTIONS.

    (a) In General.--Section 104(c)(2)(B) of the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010 (22 U.S.C. 8513(c)(2)(B)) is 
amended--
            (1) by striking ``of a person subject'' and inserting the following: 
        ``of--
                            ``(i) a person subject'';
            (2) in clause (i), as designated by paragraph (1), by striking the 
        semicolon and inserting ``; or''; and
            (3) by adding at the end the following:
                            ``(ii) a person acting on behalf of or at the 
                        direction of, or owned or controlled by, a person 
                        described in clause (i);''.
    (b) Regulations.--Not later than 90 days after the date of the enactment of 
this Act, the Secretary of the Treasury shall make such revisions to the 
regulations prescribed under section 104 of the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010 (22 U.S.C. 8513) as are necessary to 
carry out the amendments made by subsection (a).

SEC. 215. IMPOSITION OF SANCTIONS WITH RESPECT TO TRANSACTIONS WITH PERSONS 
              SANCTIONED FOR CERTAIN ACTIVITIES RELATING TO TERRORISM OR 
              PROLIFERATION OF WEAPONS OF MASS DESTRUCTION.

    (a) In General.--Section 104(c)(2)(E)(ii) of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 
8513(c)(2)(E)(ii)) is amended in the matter preceding subclause (I) by striking 
``financial institution'' and inserting ``person''.
    (b) Regulations.--Not later than 90 days after the date of the enactment of 
this Act, the Secretary of the Treasury shall make such revisions to the 
regulations prescribed under section 104 of the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010 (22 U.S.C. 8513) as are necessary to 
carry out the amendment made by subsection (a).

SEC. 216. EXPANSION OF, AND REPORTS ON, MANDATORY SANCTIONS WITH RESPECT TO 
              FINANCIAL INSTITUTIONS THAT ENGAGE IN CERTAIN ACTIVITIES RELATING 
              TO IRAN.

    (a) In General.--The Comprehensive Iran Sanctions, Accountability, and 
Divestment Act of 2010 (22 U.S.C. 8501 et seq.) is amended by inserting after 
section 104 the following:

``SEC. 104A. EXPANSION OF, AND REPORTS ON, MANDATORY SANCTIONS WITH RESPECT TO 
              FINANCIAL INSTITUTIONS THAT ENGAGE IN CERTAIN ACTIVITIES.

    ``(a) In General.--Not later than 90 days after the date of the enactment of 
the Iran Threat Reduction and Syria Human Rights Act of 2012, the Secretary of 
the Treasury shall revise the regulations prescribed under section 104(c)(1) to 
apply to a foreign financial institution described in subsection (b) to the same 
extent and in the same manner as those regulations apply to a foreign financial 
institution that the Secretary of the Treasury finds knowingly engages in an 
activity described in section 104(c)(2).
    ``(b) Foreign Financial Institutions Described.--A foreign financial 
institution described in this subsection is a foreign financial institution, 
including an Iranian financial institution, that the Secretary of the Treasury 
finds--
            ``(1) knowingly facilitates, or participates or assists in, an 
        activity described in section 104(c)(2), including by acting on behalf 
        of, at the direction of, or as an intermediary for, or otherwise 
        assisting, another person with respect to the activity;
            ``(2) attempts or conspires to facilitate or participate in such an 
        activity; or
            ``(3) is owned or controlled by a foreign financial institution that 
        the Secretary finds knowingly engages in such an activity.
    ``(c) Reports Required.--
            ``(1) In general.--Not later than 180 days after the date of the 
        enactment of the Iran Threat Reduction and Syria Human Rights Act of 
        2012, and every 180 days thereafter, the Secretary of the Treasury shall 
        submit to the appropriate congressional committees a report that 
        contains a detailed description of--
                    ``(A) the effect of the regulations prescribed under section 
                104(c)(1) on the financial system and economy of Iran and 
                capital flows to and from Iran; and
                    ``(B) the ways in which funds move into and out of financial 
                institutions described in section 104(c)(2)(E)(ii), with 
                specific attention to the use of other Iranian financial 
                institutions and other foreign financial institutions to receive 
                and transfer funds for financial institutions described in that 
                section.
            ``(2) Form of report.--Each report submitted under paragraph (1) 
        shall be submitted in unclassified form but may contain a classified 
        annex.
    ``(d) Definitions.--In this section:
            ``(1) Financial institution.--The term `financial institution' means 
        a financial institution specified in subparagraph (A), (B), (C), (D), 
        (E), (F), (G), (H), (I), (J), (K), (M), (N), (R), or (Y) of section 
        5312(a)(2) of title 31, United States Code.
            ``(2) Foreign financial institution.--The term `foreign financial 
        institution' has the meaning of that term as determined by the Secretary 
        of the Treasury pursuant to section 104(i).
            ``(3) Iranian financial institution.--The term `Iranian financial 
        institution' means--
                    ``(A) a financial institution organized under the laws of 
                Iran or any jurisdiction within Iran, including a foreign branch 
                of such an institution;
                    ``(B) a financial institution located in Iran;
                    ``(C) a financial institution, wherever located, owned or 
                controlled by the Government of Iran; and
                    ``(D) a financial institution, wherever located, owned or 
                controlled by a financial institution described in subparagraph 
                (A), (B), or (C).''.
    (b) Clerical Amendment.--The table of contents for the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010 is amended by inserting 
after the item relating to section 104 the following:

``Sec. 104A. Expansion of, and reports on, mandatory sanctions with 
                            respect to financial institutions that 
                            engage in certain activities.''.

SEC. 217. CONTINUATION IN EFFECT OF SANCTIONS WITH RESPECT TO THE GOVERNMENT OF 
              IRAN, THE CENTRAL BANK OF IRAN, AND SANCTIONS EVADERS.

    (a) Sanctions Relating to Blocking of Property of the Government of Iran and 
Iranian Financial Institutions.--United States sanctions with respect to Iran 
provided for in Executive Order 13599 (77 Fed. Reg. 6659), as in effect on the 
day before the date of the enactment of this Act, shall remain in effect until 
the date that is 90 days after the date on which the President submits to the 
appropriate congressional committees the certification described in subsection 
(d).
    (b) Sanctions Relating to Foreign Sanctions Evaders.--United States 
sanctions with respect to Iran provided for in Executive Order 13608 (77 Fed. 
Reg. 26409), as in effect on the day before the date of the enactment of this 
Act, shall remain in effect until the date that is 30 days after the date on 
which the President submits to the appropriate congressional committees the 
certification described in section 401(a) of the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010 (22 U.S.C. 8551(a)).
    (c) Continuation of Sanctions With Respect to the Central Bank of Iran.--In 
addition to the sanctions referred to in subsection (a), the President shall 
continue to apply to the Central Bank of Iran sanctions pursuant to the 
International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), including 
blocking of property and restrictions or prohibitions on financial transactions 
and the exportation of property, until the date that is 90 days after the date 
on which the President submits to Congress the certification described in 
subsection (d).
    (d) Certification Described.--
            (1) In general.--The certification described in this subsection is 
        the certification of the President to Congress that the Central Bank of 
        Iran is not--
                    (A) providing financial services in support of, or otherwise 
                facilitating, the ability of Iran to--
                            (i) acquire or develop chemical, biological, or 
                        nuclear weapons, or related technologies;
                            (ii) construct, equip, operate, or maintain nuclear 
                        facilities that could aid Iran's effort to acquire a 
                        nuclear capability; or
                            (iii) acquire or develop ballistic missiles, cruise 
                        missiles, or destabilizing types and amounts of 
                        conventional weapons; or
                    (B) facilitating transactions or providing financial 
                services for--
                            (i) Iran's Revolutionary Guard Corps; or
                            (ii) financial institutions the property or 
                        interests in property of which are blocked pursuant to 
                        the International Emergency Economic Powers Act (50 
                        U.S.C. 1701 et seq.) in connection with--
                                    (I) Iran's proliferation of weapons of mass 
                                destruction or delivery systems for weapons of 
                                mass destruction; or
                                    (II) Iran's support for international 
                                terrorism.
            (2) Submission to congress.--
                    (A) In general.--The President shall submit the 
                certification described in paragraph (1) to the appropriate 
                congressional committees in writing and shall include a 
                justification for the certification.
                    (B) Form of certification.--The certification described in 
                paragraph (1) shall be submitted in unclassified form but may 
                contain a classified annex.
    (e) Rule of Construction.--Nothing in this section shall be construed to 
limit the authority of the President pursuant to the International Emergency 
Economic Powers Act (50 U.S.C. 1701 et seq.) or the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 8501 et seq.).

SEC. 218. 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.
    (b) Prohibition.--Not later than 60 days after the date of the enactment of 
this Act, the President shall prohibit an entity owned or controlled by a United 
States person and established or maintained outside the United States from 
knowingly engaging in any transaction directly or indirectly with the Government 
of Iran or any person subject to the jurisdiction of the Government of Iran that 
would be prohibited by an order or regulation issued pursuant to the 
International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) if the 
transaction were engaged in by a United States person or in the United States.
    (c) Civil Penalty.--The civil penalties provided for in section 206(b) of 
the International Emergency Economic Powers Act (50 U.S.C. 1705(b)) shall apply 
to a United States person to the same extent that such penalties apply to a 
person that commits an unlawful act described in section 206(a) of that Act if 
an entity owned or controlled by the United States person and established or 
maintained outside the United States violates, attempts to violate, conspires to 
violate, or causes a violation of any order or regulation issued to implement 
subsection (b).
    (d) Applicability.--Subsection (c) shall not apply with respect to a 
transaction described in subsection (b) by an entity owned or controlled by a 
United States person and established or maintained outside the United States if 
the United States person divests or terminates its business with the entity not 
later than the date that is 180 days after the date of the enactment of this 
Act.

SEC. 219. 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.--
            ``(1) In general.--Each issuer required to file an annual or 
        quarterly report under subsection (a) shall disclose in that report the 
        information required by paragraph (2) if, during the period covered by 
        the report, the issuer or any affiliate of the issuer--
                    ``(A) knowingly engaged in an activity described in 
                subsection (a) or (b) of section 5 of the Iran Sanctions Act of 
                1996 (Public Law 104-172; 50 U.S.C. 1701 note);
                    ``(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 (22 U.S.C. 
                8513) or a transaction described in subsection (d)(1) of that 
                section;
                    ``(C) knowingly engaged in an activity described in section 
                105A(b)(2) of that Act; or
                    ``(D) knowingly conducted any transaction or dealing with--
                            ``(i) any person the property and interests in 
                        property of which are blocked pursuant to Executive 
                        Order 13224 (66 Fed. Reg. 49079; relating to blocking 
                        property and prohibiting transactions 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 13382 (70 Fed. Reg. 38567; relating to blocking of 
                        property of weapons of mass destruction proliferators 
                        and their supporters); or
                            ``(iii) any person or entity identified under 
                        section 560.304 of title 31, Code of Federal Regulations 
                        (relating to the definition of the Government of Iran) 
                        without the specific authorization of a Federal 
                        department or agency.
            ``(2) Information required.--If an issuer or an affiliate of the 
        issuer has engaged in any activity described in paragraph (1), the 
        issuer shall disclose a detailed description of each such activity, 
        including--
                    ``(A) the nature and extent of the activity;
                    ``(B) the gross revenues and net profits, 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.
            ``(3) Notice of disclosures.--If an issuer reports under paragraph 
        (1) that the issuer or an affiliate of the issuer has knowingly engaged 
        in any activity described in that paragraph, the issuer shall separately 
        file with the Commission, concurrently with the annual or quarterly 
        report under subsection (a), a notice that the disclosure of that 
        activity has been included in that annual or quarterly report that 
        identifies the issuer and contains the information required by paragraph 
        (2).
            ``(4) Public disclosure of information.--Upon receiving a notice 
        under paragraph (3) that an annual or quarterly report includes a 
        disclosure of an activity described in paragraph (1), the Commission 
        shall promptly--
                    ``(A) transmit the report to--
                            ``(i) the President;
                            ``(ii) the Committee on Foreign Affairs and the 
                        Committee on Financial Services of the House of 
                        Representatives; and
                            ``(iii) the Committee on Foreign Relations and the 
                        Committee on Banking, Housing, and Urban Affairs of the 
                        Senate; and
                    ``(B) make the information provided in the disclosure and 
                the notice available to the public by posting the information on 
                the Internet website of the Commission.
            ``(5) Investigations.--Upon receiving a report under paragraph (4) 
        that includes a disclosure of an activity described in paragraph (1) 
        (other than an activity described in subparagraph (D)(iii) of that 
        paragraph), the President shall--
                    ``(A) initiate an investigation into the possible imposition 
                of sanctions under the Iran Sanctions Act of 1996 (Public Law 
                104-172; 50 U.S.C. 1701 note), section 104 or 105A of the 
                Comprehensive Iran Sanctions, Accountability, and Divestment Act 
                of 2010, an Executive Order specified in clause (i) or (ii) of 
                paragraph (1)(D), or any other provision of law relating to the 
                imposition of sanctions with respect to Iran, as applicable; 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).
            ``(6) Sunset.--The provisions of this subsection shall terminate on 
        the date that is 30 days after the date on which the President makes the 
        certification described in section 401(a) of the Comprehensive Iran 
        Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 
        8551(a)).''.
    (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 180 days after the date of the enactment of 
this Act.

SEC. 220. REPORTS ON, AND AUTHORIZATION OF IMPOSITION OF SANCTIONS WITH RESPECT 
              TO, THE PROVISION OF SPECIALIZED FINANCIAL MESSAGING SERVICES TO 
              THE CENTRAL BANK OF IRAN AND OTHER SANCTIONED IRANIAN FINANCIAL 
              INSTITUTIONS.

    (a) Sense of Congress.--It is the sense of Congress that--
            (1) providers of specialized financial messaging services are a 
        critical link to the international financial system;
            (2) the European Union is to be commended for strengthening the 
        multilateral sanctions regime against Iran by deciding that specialized 
        financial messaging services may not be provided to the Central Bank of 
        Iran and other sanctioned Iranian financial institutions by persons 
        subject to the jurisdiction of the European Union; and
            (3) the loss of access by sanctioned Iranian financial institutions 
        to specialized financial messaging services must be maintained.
    (b) Reports Required.--
            (1) In general.--Not later than 60 days after the date of the 
        enactment of this Act, and every 90 days thereafter, the Secretary of 
        the Treasury shall submit to the appropriate congressional committees a 
        report that contains--
                    (A) a list of all persons that the Secretary has identified 
                that directly provide specialized financial messaging services 
                to, or enable or facilitate direct or indirect access to such 
                messaging services for, the Central Bank of Iran or a financial 
                institution described in section 104(c)(2)(E)(ii) of the 
                Comprehensive Iran Sanctions, Accountability, and Divestment Act 
                of 2010 (22 U.S.C. 8513(c)(2)(E)(ii)); and
                    (B) a detailed assessment of the status of efforts by the 
                Secretary to end the direct provision of such messaging services 
                to, and the enabling or facilitation of direct or indirect 
                access to such messaging services for, the Central Bank of Iran 
                or a financial institution described in that section.
            (2) Enabling or facilitation of access to specialized financial 
        messaging services through intermediary financial institutions.--For 
        purposes of paragraph (1) and subsection (c), enabling or facilitating 
        direct or indirect access to specialized financial messaging services 
        for the Central Bank of Iran or a financial institution described in 
        section 104(c)(2)(E)(ii) of the Comprehensive Iran Sanctions, 
        Accountability, and Divestment Act of 2010 (22 U.S.C. 8513(c)(2)(E)(ii)) 
        includes doing so by serving as an intermediary financial institution 
        with access to such messaging services.
            (3) Form of report.--A report submitted under paragraph (1) shall be 
        submitted in unclassified form but may contain a classified annex.
    (c) Authorization of Imposition of Sanctions.--
            (1) In general.--Except as provided in paragraph (2), if, on or 
        after the date that is 90 days after the date of the enactment of this 
        Act, a person continues to knowingly and directly provide specialized 
        financial messaging services to, or knowingly enable or facilitate 
        direct or indirect access to such messaging services for, the Central 
        Bank of Iran or a financial institution described in paragraph 
        (2)(E)(ii) of section 104(c) of the Comprehensive Iran Sanctions, 
        Accountability, and Divestment Act of 2010 (22 U.S.C. 8513(c)), the 
        President may impose sanctions pursuant to that section or the 
        International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) 
        with respect to the person.
            (2) Exception.--The President may not impose sanctions pursuant to 
        paragraph (1) with respect to a person for directly providing 
        specialized financial messaging services to, or enabling or facilitating 
        direct or indirect access to such messaging services for, the Central 
        Bank of Iran or a financial institution described in section 
        104(c)(2)(E)(ii) of the Comprehensive Iran Sanctions, Accountability, 
        and Divestment Act of 2010 (22 U.S.C. 8513(c)(2)(E)(ii)) if--
                    (A) the person is subject to a sanctions regime under its 
                governing foreign law that requires it to eliminate the knowing 
                provision of such messaging services to, and the knowing 
                enabling and facilitation of direct or indirect access to such 
                messaging services for--
                            (i) the Central Bank of Iran; and
                            (ii) a group of Iranian financial institutions 
                        identified under such governing foreign law for purposes 
                        of that sanctions regime if the President determines 
                        that--
                                    (I) the group is substantially similar to 
                                the group of financial institutions described in 
                                section 104(c)(2)(E)(ii) of the Comprehensive 
                                Iran Sanctions, Accountability, and Divestment 
                                Act of 2010 (22 U.S.C. 8513(c)(2)(E)(ii)); and
                                    (II) the differences between those groups of 
                                financial institutions do not adversely affect 
                                the national interest of the United States; and
                    (B) the person has, pursuant to that sanctions regime, 
                terminated the knowing provision of such messaging services to, 
                and the knowing enabling and facilitation of direct or indirect 
                access to such messaging services for, the Central Bank of Iran 
                and each Iranian financial institution identified under such 
                governing foreign law for purposes of that sanctions regime.
    (d) Rule of Construction.--Nothing in this section shall be construed to 
limit the authority of the President pursuant to the International Emergency 
Economic Powers Act (50 U.S.C. 1701 et seq.) or the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 8501 et seq.).

SEC. 221. IDENTIFICATION OF, AND IMMIGRATION RESTRICTIONS ON, SENIOR OFFICIALS 
              OF THE GOVERNMENT OF IRAN AND THEIR FAMILY MEMBERS.

    (a) Identification.--Not later than 180 days after the date of the enactment 
of this Act, and annually thereafter, the President shall publish a list of each 
individual the President determines is--
            (1) a senior official of the Government of Iran described in 
        subsection (b) that is involved in Iran's--
                    (A) illicit nuclear activities or proliferation of weapons 
                of mass destruction or delivery systems for weapons of mass 
                destruction;
                    (B) support for international terrorism; or
                    (C) commission of serious human rights abuses against 
                citizens of Iran or their family members; or
            (2) a family member of such an official.
    (b) Senior Officials of the Government of Iran Described.--A senior official 
of the Government of Iran described in this subsection is any senior official of 
that Government, including--
            (1) the Supreme Leader of Iran;
            (2) the President of Iran;
            (3) a member of the Cabinet of the Government of Iran;
            (4) a member of the Assembly of Experts;
            (5) a senior member of the Intelligence Ministry of Iran; or
            (6) a senior member of Iran's Revolutionary Guard Corps, including a 
        senior member of a paramilitary organization such as Ansar-e-Hezbollah 
        or Basij-e Motaz'afin.
    (c) Exclusion From United States.--Except as provided in subsection (d), the 
Secretary of State shall deny a visa to, and the Secretary of Homeland Security 
shall exclude from the United States, any alien who is on the list required by 
subsection (a).
    (d) Exception To Comply With United Nations Headquarters Agreement.--
Subsection (c) shall not apply to an individual if admitting the individual to 
the United States is necessary 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.
    (e) Waiver.--The President may waive the application of subsection (a) or 
(c) with respect to an individual if the President--
            (1) determines that such a waiver is essential to the national 
        interests of the United States; and
            (2) not less than 7 days before the waiver takes effect, notifies 
        Congress of the waiver and the reason for the waiver.

SEC. 222. SENSE OF CONGRESS AND RULE OF CONSTRUCTION RELATING TO CERTAIN 
              AUTHORITIES OF STATE AND LOCAL GOVERNMENTS.

    (a) Sense of Congress.--It is the sense of Congress that the United States 
should support actions by States or local governments that are within their 
authority, including determining how investment assets are valued for purposes 
of safety and soundness of financial institutions and insurers, that are 
consistent with and in furtherance of the purposes of this Act and other Acts 
that are amended by this Act.
    (b) Rule of Construction.--Section 202 of the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010 (22 U.S.C. 8532) is amended by adding 
at the end the following:
    ``(j) Rule of Construction.--Nothing in this Act or any other provision of 
law authorizing sanctions with respect to Iran shall be construed to abridge the 
authority of a State to issue and enforce rules governing the safety, soundness, 
and solvency of a financial institution subject to its jurisdiction or the 
business of insurance pursuant to the Act of March 9, 1945 (15 U.S.C. 1011 et 
seq.) (commonly known as the `McCarran-Ferguson Act').''.

SEC. 223. GOVERNMENT ACCOUNTABILITY OFFICE REPORT ON FOREIGN ENTITIES THAT 
              INVEST IN THE ENERGY SECTOR OF IRAN OR EXPORT REFINED PETROLEUM 
              PRODUCTS TO IRAN.

    (a) Initial Report.--
            (1) In general.--Not later than 120 days after the date of the 
        enactment of this Act, the Comptroller General of the United States 
        shall submit to the appropriate congressional committees a report--
                    (A) listing all foreign investors in the energy sector of 
                Iran during the period specified in paragraph (2), including--
                            (i) entities that exported gasoline and other 
                        refined petroleum products to Iran;
                            (ii) entities involved in providing refined 
                        petroleum products to Iran, including--
                                    (I) entities that provided ships to 
                                transport refined petroleum products to Iran; 
                                and
                                    (II) entities that provided insurance or 
                                reinsurance for shipments of refined petroleum 
                                products to Iran; and
                            (iii) entities involved in commercial transactions 
                        of any kind, including joint ventures anywhere in the 
                        world, with Iranian energy companies; and
                    (B) identifying the countries in which gasoline and other 
                refined petroleum products exported to Iran during the period 
                specified in paragraph (2) were produced or refined.
            (2) Period specified.--The period specified in this paragraph is the 
        period beginning on January 1, 2009, and ending on the date that is 150 
        days after the date of the enactment of this Act.
    (b) Updated Report.--Not later than one year after submitting the report 
required by subsection (a), the Comptroller General of the United States shall 
submit to the appropriate congressional committees a report containing the 
matters required in the report under subsection (a)(1) for the one-year period 
beginning on the date that is 30 days before the date on which the preceding 
report was required to be submitted by this section.

SEC. 224. REPORTING ON THE IMPORTATION TO AND EXPORTATION FROM IRAN OF CRUDE OIL 
              AND REFINED PETROLEUM PRODUCTS.

    Section 110(b) of the Comprehensive Iran Sanctions, Accountability, and 
Divestment Act of 2010 (22 U.S.C. 8518(b)) is amended by striking ``a report 
containing the matters'' and all that follows through the period at the end and 
inserting the following: ``a report, covering the 180-day period beginning on 
the date that is 30 days before the date on which the preceding report was 
required to be submitted by this section, that--
            ``(1) contains the matters required in the report under subsection 
        (a)(1); and
            ``(2) identifies--
                    ``(A) the volume of crude oil and refined petroleum products 
                imported to and exported from Iran (including through swaps and 
                similar arrangements);
                    ``(B) the persons selling and transporting crude oil and 
                refined petroleum products described in subparagraph (A), the 
                countries with primary jurisdiction over those persons, and the 
                countries in which those products were refined;
                    ``(C) the sources of financing for imports to Iran of crude 
                oil and refined petroleum products described in subparagraph 
                (A); and
                    ``(D) the involvement of foreign persons in efforts to 
                assist Iran in--
                            ``(i) developing upstream oil and gas production 
                        capacity;
                            ``(ii) importing advanced technology to upgrade 
                        existing Iranian refineries;
                            ``(iii) converting existing chemical plants to 
                        petroleum refineries; or
                            ``(iv) maintaining, upgrading, or expanding existing 
                        refineries or constructing new refineries.''.

      TITLE III--SANCTIONS WITH RESPECT TO IRAN'S REVOLUTIONARY GUARD CORPS

Subtitle A--Identification of, and Sanctions With Respect to, Officials, Agents, 
    Affiliates, and Supporters of Iran's Revolutionary Guard Corps and Other 
                               Sanctioned Persons

SEC. 301. IDENTIFICATION OF, AND IMPOSITION OF SANCTIONS WITH RESPECT TO, 
              OFFICIALS, AGENTS, AND AFFILIATES OF IRAN'S 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--
            (1) identify foreign persons that are officials, agents, or 
        affiliates of Iran's Revolutionary Guard Corps; and
            (2) for each foreign person identified under paragraph (1) that is 
        not already designated for the imposition of sanctions pursuant to the 
        International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.)--
                    (A) designate that foreign person for the imposition of 
                sanctions pursuant to that Act; and
                    (B) block and prohibit all transactions in all property and 
                interests in property of that foreign person if such property 
                and interests in property are in the United States, come within 
                the United States, or are or come within the possession or 
                control of a United States person.
    (b) Priority for Investigation.--In identifying foreign persons pursuant to 
subsection (a)(1) as officials, agents, or affiliates of Iran's Revolutionary 
Guard Corps, the President shall give priority to investigating--
            (1) foreign persons or entities identified under section 560.304 of 
        title 31, Code of Federal Regulations (relating to the definition of the 
        Government of Iran); and
            (2) foreign persons for which there is a reasonable basis to find 
        that the person has conducted or attempted to conduct one or more 
        sensitive transactions or activities described in subsection (c).
    (c) Sensitive Transactions and Activities Described.--A sensitive 
transaction or activity described in this subsection is--
            (1) 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;
            (2) a transaction to facilitate the manufacture, importation, 
        exportation, or transfer of items needed for the development by Iran of 
        nuclear, chemical, biological, or advanced conventional weapons, 
        including ballistic missiles;
            (3) a transaction relating to the manufacture, procurement, or sale 
        of goods, services, and technology relating to Iran's energy sector, 
        including a transaction relating to the development of the energy 
        resources of Iran, the exportation of petroleum products from Iran, the 
        importation of refined petroleum to Iran, or the development of refining 
        capacity available to Iran;
            (4) a transaction relating to the manufacture, procurement, or sale 
        of goods, services, and technology relating to Iran's petrochemical 
        sector; or
            (5) 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 (22 U.S.C. 
        8515(c))).
    (d) Exclusion From United States.--
            (1) In general.--Subject to paragraph (2), the Secretary of State 
        shall deny a visa to, and the Secretary of Homeland Security shall 
        exclude from the United States, any alien who, on or after the date of 
        the enactment of this Act, is a foreign person designated pursuant to 
        subsection (a) for the imposition of sanctions pursuant to the 
        International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.).
            (2) Regulatory exceptions to comply with international 
        obligations.--The requirement to deny visas to and exclude aliens from 
        the United States pursuant to paragraph (1) shall be 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.
    (e) Waiver of Imposition of Sanctions.--
            (1) In general.--The President may waive the application of 
        subsection (a) or (d) with respect to a foreign person if the 
        President--
                    (A) determines that it is vital to the national security 
                interests of the United States to do so; and
                    (B) submits to the appropriate congressional committees a 
                report that--
                            (i) identifies the foreign person with respect to 
                        which the waiver applies; and
                            (ii) sets forth the reasons for the determination.
            (2) Form of report.--A report submitted under paragraph (1)(B) shall 
        be submitted in unclassified form but may contain a classified annex.
    (f) Rule of Construction.--Nothing in this section shall be construed to 
remove any sanction of the United States in force with respect to Iran's 
Revolutionary Guard Corps as of the date of the enactment of this Act.

SEC. 302. IDENTIFICATION OF, AND IMPOSITION OF SANCTIONS WITH RESPECT TO, 
              PERSONS THAT SUPPORT OR CONDUCT CERTAIN TRANSACTIONS WITH IRAN'S 
              REVOLUTIONARY GUARD CORPS OR OTHER SANCTIONED PERSONS.

    (a) Identification.--
            (1) In general.--Not later than 90 days after the date of the 
        enactment of this Act, and every 180 days thereafter, the President 
        shall submit to the appropriate congressional committees a report 
        identifying foreign persons that the President determines, on or after 
        the date of the enactment of this Act, knowingly--
                    (A) materially assist, sponsor, or provide financial, 
                material, or technological support for, or goods or services in 
                support of, Iran's Revolutionary Guard Corps or any of its 
                officials, agents, or affiliates the property and interests in 
                property of which are blocked pursuant to the International 
                Emergency Economic Powers Act (50 U.S.C. 1701 et seq.);
                    (B) engage in a significant transaction or transactions with 
                Iran's Revolutionary Guard Corps or any of its officials, 
                agents, or affiliates--
                            (i) the property and interests in property of which 
                        are blocked pursuant to that Act; or
                            (ii) that are identified under section 301(a)(1) or 
                        pursuant to paragraph (4)(A) of section 104(c) of the 
                        Comprehensive Iran Sanctions, Accountability, and 
                        Divestment Act of 2010, as added by section 312; or
                    (C) engage in a significant transaction or transactions 
                with--
                            (i) a person subject to financial sanctions pursuant 
                        to United Nations Security Council Resolution 1737 
                        (2006), 1747 (2007), 1803 (2008), or 1929 (2010), or any 
                        other resolution that is adopted by the Security Council 
                        and imposes sanctions with respect to Iran or modifies 
                        such sanctions; or
                            (ii) a person acting on behalf of or at the 
                        direction of, or owned or controlled by, a person 
                        described in clause (i).
            (2) Form of report.--A report submitted under paragraph (1) shall be 
        submitted in unclassified form but may contain a classified annex.
            (3) Barter transactions.--For purposes of paragraph (1), the term 
        ``transaction'' includes a barter transaction.
    (b) Imposition of Sanctions.--If the President determines under subsection 
(a)(1) that a foreign person has knowingly engaged in an activity described in 
that subsection, the President--
            (1) shall impose 5 or more of the sanctions described in section 
        6(a) of the Iran Sanctions Act of 1996, as amended by section 204; and
            (2) may impose additional sanctions pursuant to the International 
        Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) with respect to 
        the person.
    (c) Termination.--The President may terminate a sanction imposed with 
respect to a foreign person pursuant to subsection (b) if the President 
determines that the person--
            (1) no longer engages in the activity for which the sanction was 
        imposed; and
            (2) has provided assurances to the President that the person will 
        not engage in any activity described in subsection (a)(1) in the future.
    (d) Waiver of Imposition of Sanctions.--
            (1) In general.--The President may waive the imposition of sanctions 
        under subsection (b) with respect to a foreign person if the President--
                    (A)(i) determines that the person has ceased the activity 
                for which sanctions would otherwise be imposed and has taken 
                measures to prevent a recurrence of the activity; or
                    (ii) determines that it is essential to the national 
                security interests of the United States to do so; and
                    (B) submits to the appropriate congressional committees a 
                report that--
                            (i) identifies the foreign person with respect to 
                        which the waiver applies;
                            (ii) describes the activity that would otherwise 
                        subject the foreign person to the imposition of 
                        sanctions under subsection (b); and
                            (iii) sets forth the reasons for the determination.
            (2) Form of report.--A report submitted under paragraph (1)(B) shall 
        be submitted in unclassified form but may contain a classified annex.
    (e) Waiver of Identifications and Designations.--Notwithstanding any other 
provision of this subtitle and subject to paragraph (2), the President shall not 
be required to make any identification of a foreign person under subsection (a) 
or any identification or designation of a foreign person under section 301(a) if 
the President--
            (1) determines that doing so would cause damage to the national 
        security of the United States; and
            (2) notifies the appropriate congressional committees of the 
        exercise of the authority provided under this subsection.
    (f) Application of Provisions of Iran Sanctions Act of 1996.--The following 
provisions of the Iran Sanctions Act of 1996, as amended by this Act, apply with 
respect to the imposition under subsection (b)(1) of sanctions relating to 
activities described in subsection (a)(1) to the same extent that such 
provisions apply with respect to the imposition of sanctions under section 5(a) 
of the Iran Sanctions Act of 1996:
            (1) Subsections (c) and (e) of section 4.
            (2) Subsections (c), (d), and (f) of section 5.
            (3) Section 8.
            (4) Section 9.
            (5) Section 11.
            (6) Section 12.
            (7) Subsection (b) of section 13.
            (8) Section 14.

SEC. 303. IDENTIFICATION OF, AND IMPOSITION OF MEASURES WITH RESPECT TO, FOREIGN 
              GOVERNMENT AGENCIES CARRYING OUT ACTIVITIES OR TRANSACTIONS WITH 
              CERTAIN IRAN-AFFILIATED PERSONS.

    (a) Identification.--
            (1) In general.--Not later than 120 days after the date of the 
        enactment of this Act, and every 180 days thereafter, the President 
        shall submit to the appropriate congressional committees a report that 
        identifies each agency of the government of a foreign country (other 
        than Iran) that the President determines knowingly and materially 
        assisted, sponsored, or provided financial, material, or technological 
        support for, or goods or services in support of, or knowingly and 
        materially engaged in a significant transaction with, any person 
        described in paragraph (2).
            (2) Person described.--A person described in this paragraph is--
                    (A) a foreign person that is an official, agent, or 
                affiliate of Iran's Revolutionary Guard Corps that is designated 
                for the imposition of sanctions pursuant to the International 
                Emergency Economic Powers Act (50 U.S.C. 1701 et seq.);
                    (B) a foreign person that is designated and subject to 
                financial sanctions pursuant to--
                            (i) the Annex of United Nations Security Council 
                        Resolution 1737 (2006);
                            (ii) Annex I of United Nations Security Council 
                        Resolution 1747 (2007);
                            (iii) Annex I, II, or III of United Nations Security 
                        Council Resolution 1803 (2008);
                            (iv) Annex I, II, or III of United Nations Security 
                        Council Resolution 1929 (2010); or
                            (v) any subsequent and related United Nations 
                        Security Council resolution, or any annex thereto, that 
                        imposes new sanctions with respect to Iran or modifies 
                        existing sanctions with respect to Iran; or
                    (C) a foreign person that the agency knows is acting on 
                behalf of or at the direction of, or owned or controlled by, a 
                person described in subparagraph (A) or (B).
            (3) Form of report.--Each report submitted under paragraph (1) shall 
        be submitted in unclassified form but may contain a classified annex.
    (b) Imposition of Measures.--
            (1) In general.--The President may impose any of the following 
        measures with respect to an agency identified pursuant to subsection (a) 
        if the President determines that the assistance, exports, or other 
        support to be prohibited by reason of the imposition of the measures 
        have contributed and would otherwise directly or indirectly contribute 
        to the agency's capability to continue the activities or transactions 
        for which the agency has been identified pursuant to subsection (a):
                    (A) No assistance may be provided to the agency under the 
                Foreign Assistance Act of 1961 (22 U.S.C. 2151 et seq.) or the 
                Arms Export Control Act (22 U.S.C. 2751 et seq.) other than 
                humanitarian assistance or the provision of food or other 
                agricultural commodities.
                    (B) No sales of any defense articles, defense services, or 
                design and construction services under the Arms Export Control 
                Act (22 U.S.C. 2751 et seq.) may be made to the agency.
                    (C) No licenses for export of any item on the United States 
                Munitions List that include the agency as a party to the license 
                may be granted.
                    (D) No exports may be permitted to the agency of any goods 
                or technologies controlled for national security reasons under 
                the Export Administration Regulations, except that such 
                prohibition shall not apply to any transaction subject to the 
                reporting requirements of title V of the National Security Act 
                of 1947 (50 U.S.C. 413 et seq.; relating to congressional 
                oversight of intelligence activities).
                    (E) The United States shall oppose any loan or financial or 
                technical assistance to the agency by international financial 
                institutions in accordance with section 701 of the International 
                Financial Institutions Act (22 U.S.C. 262d).
                    (F) The United States shall deny to the agency any credit or 
                financial assistance by any department, agency, or 
                instrumentality of the United States Government, except that 
                this paragraph shall not apply--
                            (i) to any transaction subject to the reporting 
                        requirements of title V of the National Security Act of 
                        1947 (50 U.S.C. 413 et seq.; relating to congressional 
                        oversight of intelligence activities);
                            (ii) to the provision of medicines, medical 
                        equipment, and humanitarian assistance; or
                            (iii) to any credit, credit guarantee, or financial 
                        assistance provided by the Department of Agriculture to 
                        support the purchase of food or other agricultural 
                        commodities.
                    (G) Additional restrictions as may be imposed pursuant to 
                the International Emergency Economic Powers Act (50 U.S.C. 1701 
                et seq.).
            (2) Rule of construction.--Nothing in this subsection shall be 
        construed to impose measures with respect to programs under section 1501 
        of the National Defense Authorization Act for Fiscal Year 1997 (50 
        U.S.C. 2632 note) and programs under the Atomic Energy Defense Act (50 
        U.S.C. 2501 et seq).
    (c) Termination.--The President may terminate any measures imposed with 
respect to an agency pursuant to subsection (b) if the President determines and 
notifies the appropriate congressional committees that--
            (1)(A) a person described in subparagraph (A) or (B) of subsection 
        (a)(2) with respect to which the agency is carrying out activities or 
        transactions is no longer designated pursuant to subparagraph (A) or (B) 
        of subsection (a)(2); or
            (B) any person described in subparagraph (C) of subsection (a)(2) 
        with respect to which the agency is carrying out activities or 
        transactions is no longer acting on behalf of or at the direction of, or 
        owned or controlled by, any person described in subparagraph (A) or (B) 
        of subsection (a)(2);
            (2) the agency is no longer carrying out activities or transactions 
        for which the measures were imposed and has provided assurances to the 
        United States Government that the agency will not carry out the 
        activities or transactions in the future; or
            (3) it is essential to the national security interest of the United 
        States to terminate such measures.
    (d) Waiver.--If the President does not impose one or more measures described 
in subsection (b) with respect to an agency identified in the report required by 
subsection (a), the President shall include in the subsequent report an 
explanation as to why the President did not impose such measures.
    (e) Definition.--In this section, the term ``appropriate congressional 
committees'' means--
            (1) the Committee on Foreign Relations, the Committee on 
        Appropriations, the Committee on Armed Services, the Committee on 
        Banking, Housing, and Urban Affairs, the Committee on Finance, and the 
        Select Committee on Intelligence of the Senate; and
            (2) the Committee on Foreign Affairs, the Committee on 
        Appropriations, the Committee on Armed Services, the Committee on 
        Financial Services, the Committee on Ways and Means, and the Permanent 
        Select Committee on Intelligence of the House of Representatives.
    (f) Effective Date.--This section shall take effect on the date of the 
enactment of this Act and apply with respect to activities and transactions 
described in subsection (a) that are carried out on or after the later of--
            (1) the date that is 45 days after such date of enactment; or
            (2) the date that is 45 days after a person is designated as 
        described in subparagraph (A) or (B) of subsection (a)(2).

SEC. 304. RULE OF CONSTRUCTION.

    Nothing in this subtitle shall be construed to limit the authority of the 
President to designate foreign persons for the imposition of sanctions pursuant 
to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.).

  Subtitle B--Additional Measures Relating to Iran's Revolutionary Guard Corps

SEC. 311. EXPANSION OF PROCUREMENT PROHIBITION TO FOREIGN PERSONS THAT ENGAGE IN 
              CERTAIN TRANSACTIONS WITH IRAN'S REVOLUTIONARY GUARD CORPS.

    (a) In General.--Section 6(b)(1) of the Iran Sanctions Act of 1996 (Public 
Law 104-172; 50 U.S.C. 1701 note) is amended--
            (1) by striking ``Not later than 90 days'' and inserting the 
        following:
                    ``(A) Certifications relating to activities described in 
                section 5.--Not later than 90 days''; and
            (2) by adding at the end the following:
                    ``(B) Certifications relating to transactions with iran's 
                revolutionary guard corps.--Not later than 120 days after the 
                date of the enactment of the Iran Threat Reduction and Syria 
                Human Rights Act of 2012, the Federal Acquisition Regulation 
                shall be revised to require a certification from each person 
                that is a prospective contractor that the person, and any person 
                owned or controlled by the person, does not knowingly engage in 
                a significant transaction or transactions with Iran's 
                Revolutionary Guard Corps or any of its officials, agents, or 
                affiliates the property and interests in property of which are 
                blocked pursuant to the International Emergency Economic Powers 
                Act (50 U.S.C. 1701 et seq.).''.
    (b) Technical and Conforming Amendments.--
            (1) Section 6(b) of the Iran Sanctions Act of 1996, as amended by 
        subsection (a), is further amended--
                    (A) in subparagraph (A) of paragraph (1), as designated by 
                subsection (a)(1), by striking ``issued pursuant to section 25 
                of the Office of Federal Procurement Policy Act (41 U.S.C. 
                421)'';
                    (B) in paragraph (2)--
                            (i) in subparagraph (A)--
                                    (I) by striking ``the revision'' and 
                                inserting ``the applicable revision''; and
                                    (II) by striking ``not more than 3 years'' 
                                and inserting ``not less than 2 years''; and
                            (ii) in subparagraph (B), by striking ``issued 
                        pursuant to section 25 of the Office of Federal 
                        Procurement Policy Act (41 U.S.C. 421)'';
                    (C) in paragraph (5), by striking ``in the national 
                interest'' and inserting ``essential to the national security 
                interests'';
                    (D) by striking paragraph (6) and inserting the following:
            ``(6) Definitions.--In this subsection:
                    ``(A) Executive agency.--The term `executive agency' has the 
                meaning given that term in section 133 of title 41, United 
                States Code.
                    ``(B) Federal acquisition regulation.--The term `Federal 
                Acquisition Regulation' means the regulation issued pursuant to 
                section 1303(a)(1) of title 41, United States Code.''; and
                    (E) in paragraph (7)--
                            (i) by striking ``The revisions to the Federal 
                        Acquisition Regulation required under paragraph (1)'' 
                        and inserting the following:
                    ``(A) Certifications relating to activities described in 
                section 5.--The revisions to the Federal Acquisition Regulation 
                required under paragraph (1)(A)''; and
                            (ii) by adding at the end the following:
                    ``(B) Certifications relating to transactions with iran's 
                revolutionary guard corps.--The revisions to the Federal 
                Acquisition Regulation required under paragraph (1)(B) shall 
                apply with respect to contracts for which solicitations are 
                issued on or after the date that is 120 days after the date of 
                the enactment of the Iran Threat Reduction and Syria Human 
                Rights Act of 2012.''.
            (2) Section 101(3) of the Comprehensive Iran Sanctions, 
        Accountability, and Divestment Act of 2010 (22 U.S.C. 8511(3)) is 
        amended by striking ``section 4 of the Office of Federal Procurement 
        Policy Act (41 U.S.C. 403)'' and inserting ``section 133 of title 41, 
        United States Code''.

SEC. 312. DETERMINATIONS OF WHETHER THE NATIONAL IRANIAN OIL COMPANY AND THE 
              NATIONAL IRANIAN TANKER COMPANY ARE AGENTS OR AFFILIATES OF IRAN'S 
              REVOLUTIONARY GUARD CORPS.

    (a) Sense of Congress.--It is the sense of Congress that the National 
Iranian Oil Company and the National Iranian Tanker Company are not only owned 
and controlled by the Government of Iran but that those companies provide 
significant support to Iran's Revolutionary Guard Corps and its affiliates.
    (b) Determinations.--Section 104(c) of the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010 (22 U.S.C. 8513(c)) is amended by 
adding at the end the following:
            ``(4) Determinations regarding nioc and nitc.--
                    ``(A) Determinations.--For purposes of paragraph (2)(E), the 
                Secretary of the Treasury shall, not later than 45 days after 
                the date of the enactment of the Iran Threat Reduction and Syria 
                Human Rights Act of 2012--
                            ``(i) determine whether the NIOC or the NITC is an 
                        agent or affiliate of Iran's Revolutionary Guard Corps; 
                        and
                            ``(ii) submit to the appropriate congressional 
                        committees a report on the determinations made under 
                        clause (i), together with the reasons for those 
                        determinations.
                    ``(B) Form of report.--A report submitted under subparagraph 
                (A)(ii) shall be submitted in unclassified form but may contain 
                a classified annex.
                    ``(C) Applicability with respect to petroleum 
                transactions.--
                            ``(i) Application of sanctions.--Except as provided 
                        in clause (ii), if the Secretary of the Treasury 
                        determines that the NIOC or the NITC is a person 
                        described in clause (i) or (ii) of paragraph (2)(E), the 
                        regulations prescribed under paragraph (1) shall apply 
                        with respect to a significant transaction or 
                        transactions or significant financial services knowingly 
                        facilitated or provided by a foreign financial 
                        institution for the NIOC or the NITC, as applicable, for 
                        the purchase of petroleum or petroleum products from 
                        Iran, only if a determination of the President under 
                        section 1245(d)(4)(B) of the National Defense 
                        Authorization Act for Fiscal Year 2012 (22 U.S.C. 
                        8513a(d)(4)(B)) that there is a sufficient supply of 
                        petroleum and petroleum products produced in countries 
                        other than Iran to permit purchasers of petroleum and 
                        petroleum products from Iran to reduce significantly 
                        their purchases from Iran is in effect at the time of 
                        the transaction or the provision of the service.
                            ``(ii) Exception for certain countries.--If the 
                        Secretary of the Treasury determines that the NIOC or 
                        the NITC is a person described in clause (i) or (ii) of 
                        paragraph (2)(E), the regulations prescribed under 
                        paragraph (1) shall not apply to a significant 
                        transaction or transactions or significant financial 
                        services knowingly facilitated or provided by a foreign 
                        financial institution for the NIOC or the NITC, as 
                        applicable, for the purchase of petroleum or petroleum 
                        products from Iran if an exception under paragraph 
                        (4)(D) of section 1245(d) of the National Defense 
                        Authorization Act for Fiscal Year 2012 (22 U.S.C. 
                        8513a(d)) applies to the country with primary 
                        jurisdiction over the foreign financial institution at 
                        the time of the transaction or the provision of the 
                        service.
                            ``(iii) Rule of construction.--The exceptions in 
                        clauses (i) and (ii) shall not be construed to limit the 
                        authority of the Secretary of the Treasury to impose 
                        sanctions pursuant to the regulations prescribed under 
                        paragraph (1) for an activity described in paragraph (2) 
                        to the extent the activity would meet the criteria 
                        described in that paragraph in the absence of the 
                        involvement of the NIOC or the NITC.
                    ``(D) Definitions.--In this paragraph:
                            ``(i) NIOC.--The term `NIOC' means the National 
                        Iranian Oil Company.
                            ``(ii) NITC.--The term `NITC' means the National 
                        Iranian Tanker Company.''.
    (c) Conforming Amendments.--
            (1) Waiver.--Section 104(f) of the Comprehensive Iran Sanctions, 
        Accountability, and Divestment Act of 2010 (22 U.S.C. 8513(f)) is 
        amended by inserting ``or section 104A'' after ``subsection (c)''.
            (2) Classified information.--Section 104(g) of the Comprehensive 
        Iran Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 
        8513(g)) is amended by striking ``subsection (c)(1)'' and inserting 
        ``paragraph (1) or (4) of subsection (c) or section 104A'' both places 
        it appears.
    (d) Applicability.--
            (1) In general.--If an exception to sanctions described in clause 
        (i) or (ii) of paragraph (4)(C) of section 104(c) of the Comprehensive 
        Iran Sanctions, Accountability, and Divestment Act of 2010, as added by 
        subsection (b), applies to a person that engages in a transaction 
        described in paragraph (2) at the time of the transaction, the President 
        is authorized not to impose sanctions with respect to the transaction 
        under--
                    (A) section 302(b)(1);
                    (B) section 104A of the Comprehensive Iran Sanctions, 
                Accountability, and Divestment Act of 2010, as added by section 
                216; or
                    (C) any other applicable provision of law authorizing the 
                imposition of sanctions with respect to Iran.
            (2) Transaction described.--A transaction described in this 
        paragraph is a transaction--
                    (A) solely for the purchase of petroleum or petroleum 
                products from Iran; and
                    (B) for which sanctions may be imposed solely as a result of 
                the involvement of the National Iranian Oil Company or the 
                National Iranian Tanker Company in the transaction under--
                            (i) section 302(b)(1);
                            (ii) section 104A of the Comprehensive Iran 
                        Sanctions, Accountability, and Divestment Act of 2010, 
                        as added by section 216; or
                            (iii) any other applicable provision of law 
                        authorizing the imposition of sanctions with respect to 
                        Iran.

           TITLE IV--MEASURES RELATING TO HUMAN RIGHTS ABUSES IN IRAN

   Subtitle A--Expansion of Sanctions Relating to Human Rights Abuses in Iran

SEC. 401. IMPOSITION OF SANCTIONS ON CERTAIN PERSONS 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) Sense of Congress.--It is the sense of Congress that the Supreme Leader 
of Iran, the President of Iran, senior members of the Intelligence Ministry of 
Iran, senior members of Iran's Revolutionary Guard Corps, Ansar-e-Hezbollah and 
Basij-e-Mostaz'afin, and the Ministers of Defense, Interior, Justice, and 
Telecommunications are ultimately responsible for ordering, controlling, or 
otherwise directing a pattern and practice of serious human rights abuses 
against the Iranian people, and thus the President should include such persons 
on the list of persons who are responsible for or complicit in committing 
serious human rights abuses and subject to sanctions pursuant to section 105 of 
the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (22 
U.S.C. 8514).
    (b) Report.--
            (1) Report required.--Not later than 180 days after the date of the 
        enactment of this Act, the Secretary of State shall submit to the 
        appropriate congressional committees a detailed report with respect to 
        whether each person described in subsection (a) is 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. For any such person who is not 
        included in such report, the Secretary of State should describe in the 
        report the reasons why the person was not included, including 
        information on whether sufficient credible evidence of responsibility 
        for such abuses was found.
            (2) Form.--The report required by paragraph (1) shall be submitted 
        in unclassified form but may contain a classified annex.
            (3) Definition.--In this subsection, the term ``appropriate 
        congressional committees'' means--
                    (A) the Committee on Foreign Relations and the Committee on 
                Banking, Housing, and Urban Affairs of the Senate; and
                    (B) the Committee on Foreign Affairs and the Committee on 
                Financial Services of the House of Representatives.

SEC. 402. IMPOSITION OF SANCTIONS WITH RESPECT TO THE TRANSFER OF GOODS OR 
              TECHNOLOGIES TO IRAN THAT ARE LIKELY TO BE USED TO COMMIT HUMAN 
              RIGHTS ABUSES.

    (a) In General.--The Comprehensive Iran Sanctions, Accountability, and 
Divestment Act of 2010 (22 U.S.C. 8501 et seq.) is amended by inserting after 
section 105 the following:

``SEC. 105A. IMPOSITION OF SANCTIONS WITH RESPECT TO THE TRANSFER OF GOODS OR 
              TECHNOLOGIES TO IRAN THAT ARE LIKELY TO BE USED TO COMMIT HUMAN 
              RIGHTS ABUSES.

    ``(a) In General.--The President shall impose sanctions in accordance with 
subsection (c) with respect to each person on the list required by subsection 
(b).
    ``(b) List.--
            ``(1) In general.--Not later than 90 days after the date of the 
        enactment of the Iran Threat Reduction and Syria Human Rights Act of 
        2012, the President shall submit to the appropriate congressional 
        committees a list of persons that the President determines have 
        knowingly engaged in an activity described in paragraph (2) on or after 
        such date of enactment.
            ``(2) Activity described.--
                    ``(A) In general.--A person engages in an activity described 
                in this paragraph if the person--
                            ``(i) transfers, or facilitates the transfer of, 
                        goods or technologies described in subparagraph (C) to 
                        Iran, any entity organized under the laws of Iran or 
                        otherwise subject to the jurisdiction of the Government 
                        of Iran, or any national of Iran, for use in or with 
                        respect to Iran; or
                            ``(ii) provides services (including services 
                        relating to hardware, software, and specialized 
                        information, and professional consulting, engineering, 
                        and support services) with respect to goods or 
                        technologies described in subparagraph (C) after such 
                        goods or technologies are transferred to Iran.
                    ``(B) Applicability to contracts and other agreements.--A 
                person engages in an activity described in subparagraph (A) 
                without regard to whether the activity is carried out pursuant 
                to a contract or other agreement entered into before, on, or 
                after the date of the enactment of the Iran Threat Reduction and 
                Syria Human Rights Act of 2012.
                    ``(C) Goods or technologies described.--Goods or 
                technologies described in this subparagraph are goods or 
                technologies that the President determines are likely to be used 
                by the Government of Iran or any of its agencies or 
                instrumentalities (or by any other person on behalf of the 
                Government of Iran or any of such agencies or instrumentalities) 
                to commit serious human rights abuses against the people of 
                Iran, including--
                            ``(i) firearms or ammunition (as those terms are 
                        defined in section 921 of title 18, United States Code), 
                        rubber bullets, police batons, pepper or chemical 
                        sprays, stun grenades, electroshock weapons, tear gas, 
                        water cannons, or surveillance technology; or
                            ``(ii) sensitive technology (as defined in section 
                        106(c)).
            ``(3) Special rule to allow for termination of sanctionable 
        activity.--The President shall not be required to include a person on 
        the list required by paragraph (1) if the President certifies in writing 
        to the appropriate congressional committees that--
                    ``(A) the person is no longer engaging in, or has taken 
                significant verifiable steps toward stopping, the activity 
                described in paragraph (2) for which the President would 
                otherwise have included the person on the list; and
                    ``(B) the President has received reliable assurances that 
                the person will not knowingly engage in any activity described 
                in paragraph (2) in the future.
            ``(4) Updates of list.--The President shall submit to the 
        appropriate congressional committees an updated list under paragraph 
        (1)--
                    ``(A) each time the President is required to submit an 
                updated list to those committees under section 105(b)(2)(A); and
                    ``(B) as new information becomes available.
            ``(5) Form of report; public availability.--
                    ``(A) Form.--The list required by paragraph (1) shall be 
                submitted in unclassified form but may contain a classified 
                annex.
                    ``(B) Public availability.--The unclassified portion of the 
                list required by paragraph (1) shall be made available to the 
                public and posted on the websites of the Department of the 
                Treasury and the Department of State.
    ``(c) Application of Sanctions.--
            ``(1) In general.--Subject to paragraph (2), the President shall 
        impose sanctions described in section 105(c) with respect to a person on 
        the list required by subsection (b).
            ``(2) Transfers to iran's revolutionary guard corps.--In the case of 
        a person on the list required by subsection (b) for transferring, or 
        facilitating the transfer of, goods or technologies described in 
        subsection (b)(2)(C) to Iran's Revolutionary Guard Corps, or providing 
        services with respect to such goods or technologies after such goods or 
        technologies are transferred to Iran's Revolutionary Guard Corps, the 
        President shall--
                    ``(A) impose sanctions described in section 105(c) with 
                respect to the person; and
                    ``(B) impose such other sanctions from among the sanctions 
                described in section 6(a) of the Iran Sanctions Act of 1996 
                (Public Law 104-172; 50 U.S.C. 1701 note) as the President 
                determines appropriate.''.
    (b) Clerical Amendment.--The table of contents for the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010 is amended by inserting 
after the item relating to section 105 the following:

``Sec. 105A. Imposition of sanctions with respect to the transfer of 
                            goods or technologies to Iran that are 
                            likely to be used to commit human rights 
                            abuses.''.

SEC. 403. IMPOSITION OF SANCTIONS WITH RESPECT TO PERSONS WHO ENGAGE IN 
              CENSORSHIP OR OTHER RELATED ACTIVITIES AGAINST CITIZENS OF IRAN.

    (a) Sense of Congress.--It is the sense of Congress that--
            (1) satellite service providers and other entities that have direct 
        contractual arrangements to provide satellite services to the Government 
        of Iran or entities owned or controlled by that Government should cease 
        providing broadcast services to that Government and those entities 
        unless that Government ceases activities intended to jam or restrict 
        satellite signals; and
            (2) the United States should address the illegal jamming of 
        satellite signals by the Government of Iran through the voice and vote 
        of the United States in the United Nations International 
        Telecommunications Union.
    (b) Imposition of Sanctions.--The Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010 (22 U.S.C. 8501 et seq.), as amended 
by section 402, is further amended by inserting after section 105A the 
following:

``SEC. 105B. IMPOSITION OF SANCTIONS WITH RESPECT TO PERSONS WHO ENGAGE IN 
              CENSORSHIP OR OTHER RELATED ACTIVITIES AGAINST CITIZENS OF IRAN.

    ``(a) In General.--The President shall impose sanctions described in section 
105(c) with respect to each person on the list required by subsection (b).
    ``(b) List of Persons Who Engage in Censorship.--
            ``(1) In general.--Not later than 90 days after the date of the 
        enactment of the Iran Threat Reduction and Syria Human Rights Act of 
        2012, the President shall submit to the appropriate congressional 
        committees a list of persons that the President determines have, on or 
        after June 12, 2009, engaged in censorship or other activities with 
        respect to Iran that--
                    ``(A) prohibit, limit, or penalize the exercise of freedom 
                of expression or assembly by citizens of Iran; or
                    ``(B) limit access to print or broadcast media, including 
                the facilitation or support of intentional frequency 
                manipulation by the Government of Iran or an entity owned or 
                controlled by that Government that would jam or restrict an 
                international signal.
            ``(2) Updates of list.--The President shall submit to the 
        appropriate congressional committees an updated list under paragraph 
        (1)--
                    ``(A) each time the President is required to submit an 
                updated list to those committees under section 105(b)(2)(A); and
                    ``(B) as new information becomes available.
            ``(3) Form of report; public availability.--
                    ``(A) Form.--The list required by paragraph (1) shall be 
                submitted in unclassified form but may contain a classified 
                annex.
                    ``(B) Public availability.--The unclassified portion of the 
                list required by paragraph (1) shall be made available to the 
                public and posted on the websites of the Department of the 
                Treasury and the Department of State.''.
    (c) Clerical Amendment.--The table of contents for the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010, as amended by section 
402, is further amended by inserting after the item relating to section 105A the 
following:

``Sec. 105B. Imposition of sanctions with respect to persons who engage 
                            in censorship or other related activities 
                            against citizens of Iran.''.
    (d) Conforming Amendments.--Section 401(b)(1) of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 8551(b)(1)) is 
amended--
            (1) by inserting ``, 105A(a), or 105B(a)'' after ``105(a)''; and
            (2) by inserting ``, 105A(b), or 105B(b)'' after ``105(b)''.

             Subtitle B--Additional Measures to Promote Human Rights

SEC. 411. CODIFICATION OF SANCTIONS WITH RESPECT TO GRAVE HUMAN RIGHTS ABUSES BY 
              THE GOVERNMENTS OF IRAN AND SYRIA USING INFORMATION TECHNOLOGY.

    United States sanctions with respect to Iran and Syria provided for in 
Executive Order 13606 (77 Fed. Reg. 24571), as in effect on the day before the 
date of the enactment of this Act, shall remain in effect--
            (1) with respect to Iran, until the date that is 30 days after the 
        date on which the President submits to Congress the certification 
        described in section 401(a) of the Comprehensive Iran Sanctions, 
        Accountability, and Divestment Act of 2010 (22 U.S.C. 8551(a)); and
            (2) with respect to Syria, until the date on which the provisions of 
        and sanctions imposed pursuant to title VII terminate pursuant to 
        section 706.

SEC. 412. CLARIFICATION OF SENSITIVE TECHNOLOGIES FOR PURPOSES OF PROCUREMENT 
              BAN UNDER COMPREHENSIVE IRAN SANCTIONS, ACCOUNTABILITY, AND 
              DIVESTMENT ACT OF 2010.

    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 technologies that may be 
        considered ``sensitive technology'' for purposes of section 106 of the 
        Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 
        (22 U.S.C. 8515), with special attention to new forms of sophisticated 
        jamming, monitoring, and surveillance technology relating to mobile 
        telecommunications and the Internet, and publish those guidelines in the 
        Federal Register;
            (2) determine the types of 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 
        technologies to Iran and the development of Iran's indigenous 
        capabilities to disrupt and monitor information and communications in 
        Iran.

SEC. 413. EXPEDITED CONSIDERATION OF REQUESTS FOR AUTHORIZATION OF CERTAIN HUMAN 
              RIGHTS-, HUMANITARIAN-, AND DEMOCRACY-RELATED ACTIVITIES WITH 
              RESPECT TO IRAN.

    (a) Requirement.--The Office of Foreign Assets Control, in consultation with 
the Department of State, shall establish an expedited process for the 
consideration of complete requests for authorization to engage in human rights-, 
humanitarian-, or democracy-related activities relating to Iran that are 
submitted by--
            (1) entities receiving funds from the Department of State to engage 
        in the proposed activity;
            (2) the Broadcasting Board of Governors; and
            (3) other appropriate agencies of the United States Government.
    (b) Procedures.--Requests for authorization under subsection (a) shall be 
submitted to the Office of Foreign Assets Control in conformance with the 
Office's regulations, including section 501.801 of title 31, Code of Federal 
Regulations (commonly known as the Reporting, Procedures and Penalties 
Regulations). Applicants shall fully disclose the parties to the transactions as 
well as describe the activities to be undertaken. License applications involving 
the exportation or reexportation of goods, technology, or software to Iran shall 
include a copy of an official Commodity Classification issued by the Department 
of Commerce, Bureau of Industry and Security, as part of the license 
application.
    (c) Foreign Policy Review.--The Department of State shall complete a foreign 
policy review of a request for authorization under subsection (a) not later than 
30 days after the request is referred to the Department by the Office of Foreign 
Assets Control.
    (d) License Determinations.--License determinations for complete requests 
for authorization under subsection (a) shall be made not later than 90 days 
after receipt by the Office of Foreign Assets Control, with the following 
exceptions:
            (1) Any requests involving the exportation or reexportation to Iran 
        of goods, technology, or software listed on the Commerce Control List 
        maintained pursuant to part 774 of title 15, Code of Federal 
        Regulations, shall be processed in a manner consistent with the Iran-
        Iraq Arms Non-Proliferation Act of 1992 (title XVI of Public Law 102-
        484) and other applicable provisions of law.
            (2) Any other requests presenting unusual or extraordinary 
        circumstances.
    (e) Regulations.--The Secretary of the Treasury may prescribe such 
regulations as are appropriate to carry out this section.

SEC. 414. COMPREHENSIVE STRATEGY TO PROMOTE INTERNET FREEDOM AND ACCESS TO 
              INFORMATION IN IRAN.

    Not later than 90 days after the date of the enactment of this Act, the 
Secretary of State, in consultation with the Secretary of the Treasury and the 
heads of other Federal agencies, as appropriate, shall submit to the appropriate 
congressional committees a comprehensive strategy to--
            (1) assist the people of Iran to 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 and 
        other communications through connective technology among human rights 
        and democracy activists in Iran;
            (4) provide resources for digital safety training for media and 
        academic and civil society organizations in Iran;
            (5) provide accurate and substantive 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--
                    (A) by expanding Voice of America's Persian News Network and 
                Radio Free Europe/Radio Liberty's Radio Farda to provide hourly 
                live news update programming and breaking news coverage 
                capability 24 hours a day and 7 days a week; and
                    (B) by assisting telecommunications and software companies 
                that are United States persons to comply with the export 
                licensing requirements of the United States for the purpose of 
                expanding such communications inside Iran;
            (8) expand activities to safely assist and train human rights, civil 
        society, and democracy activists in Iran to operate effectively and 
        securely;
            (9) identify and utilize all available resources to overcome 
        attempts by the Government of Iran to jam or otherwise deny 
        international satellite broadcasting signals;
            (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 telecommunications and software companies from 
        facilitating Internet censorship by the Government of Iran.

SEC. 415. STATEMENT OF POLICY ON POLITICAL PRISONERS.

    It shall be the policy of the United States--
            (1) to support efforts to research and identify prisoners of 
        conscience and cases of human rights abuses in Iran;
            (2) to offer refugee status or political asylum in the United States 
        to political dissidents in Iran if requested and consistent with the 
        laws and national security interests of the United States;
            (3) to offer to assist, through the United Nations High Commissioner 
        for Refugees, with the relocation of such political prisoners to other 
        countries if requested, as appropriate and with appropriate 
        consideration for the national security interests of the United States; 
        and
            (4) to publicly call for the release of Iranian dissidents by name 
        and raise awareness with respect to individual cases of Iranian 
        dissidents and prisoners of conscience, as appropriate and if requested 
        by the dissidents or prisoners themselves or their families.

                             TITLE V--MISCELLANEOUS

SEC. 501. EXCLUSION OF CITIZENS OF IRAN SEEKING EDUCATION RELATING TO THE 
              NUCLEAR AND ENERGY SECTORS OF IRAN.

    (a) In General.--The Secretary of State shall deny a visa to, and the 
Secretary of Homeland Security shall exclude from the United States, any alien 
who is a citizen of Iran that the Secretary of State determines seeks to enter 
the United States to participate in coursework at an institution of higher 
education (as defined in section 101(a) of the Higher Education Act of 1965 (20 
U.S.C. 1001(a))) to prepare the alien for a career in the energy sector of Iran 
or in nuclear science or nuclear engineering or a related field in Iran.
    (b) Applicability.--Subsection (a) applies with respect to visa applications 
filed on or after the date of the enactment of this Act.

SEC. 502. INTERESTS IN CERTAIN FINANCIAL ASSETS OF IRAN.

    (a) Interests in Blocked Assets.--
            (1) In general.--Subject to paragraph (2), notwithstanding any other 
        provision of law, including any provision of law relating to sovereign 
        immunity, and preempting any inconsistent provision of State law, a 
        financial asset that is--
                    (A) held in the United States for a foreign securities 
                intermediary doing business in the United States,
                    (B) a blocked asset (whether or not subsequently unblocked) 
                that is property described in subsection (b), and
                    (C) equal in value to a financial asset of Iran, including 
                an asset of the central bank or monetary authority of the 
                Government of Iran or any agency or instrumentality of that 
                Government, that such foreign securities intermediary or a 
                related intermediary holds abroad,
        shall be subject to execution or attachment in aid of execution in order 
        to satisfy any judgment to the extent of any compensatory damages 
        awarded against Iran for damages for personal injury or death caused by 
        an act of torture, extrajudicial killing, aircraft sabotage, or hostage-
        taking, or the provision of material support or resources for such an 
        act.
            (2) Court determination required.--In order to ensure that Iran is 
        held accountable for paying the judgments described in paragraph (1) and 
        in furtherance of the broader goals of this Act to sanction Iran, prior 
        to an award turning over any asset pursuant to execution or attachment 
        in aid of execution with respect to any judgments against Iran described 
        in paragraph (1), the court shall determine whether Iran holds equitable 
        title to, or the beneficial interest in, the assets described in 
        subsection (b) and that no other person possesses a constitutionally 
        protected interest in the assets described in subsection (b) under the 
        Fifth Amendment to the Constitution of the United States. To the extent 
        the court determines that a person other than Iran holds--
                    (A) equitable title to, or a beneficial interest in, the 
                assets described in subsection (b) (excluding a custodial 
                interest of a foreign securities intermediary or a related 
                intermediary that holds the assets abroad for the benefit of 
                Iran), or
                    (B) a constitutionally protected interest in the assets 
                described in subsection (b),
        such assets shall be available only for execution or attachment in aid 
        of execution to the extent of Iran's equitable title or beneficial 
        interest therein and to the extent such execution or attachment does not 
        infringe upon such constitutionally protected interest.
    (b) Financial Assets Described.--The financial assets described in this 
section are the financial assets that are identified in and the subject of 
proceedings in the United States District Court for the Southern District of New 
York in Peterson et al. v. Islamic Republic of Iran et al., Case No. 10 Civ. 
4518 (BSJ) (GWG), that were restrained by restraining notices and levies secured 
by the plaintiffs in those proceedings, as modified by court order dated June 
27, 2008, and extended by court orders dated June 23, 2009, May 10, 2010, and 
June 11, 2010, so long as such assets remain restrained by court order.
    (c) Rules of Construction.--Nothing in this section shall be construed--
            (1) to affect the availability, or lack thereof, of a right to 
        satisfy a judgment in any other action against a terrorist party in any 
        proceedings other than proceedings referred to in subsection (b); or
            (2) to apply to assets other than the assets described in subsection 
        (b), or to preempt State law, including the Uniform Commercial Code, 
        except as expressly provided in subsection (a)(1).
    (d) Definitions.--In this section:
            (1) Blocked asset.--The term ``blocked asset''--
                    (A) means any asset seized or frozen by the United States 
                under section 5(b) of the Trading With the Enemy Act (50 U.S.C. 
                App. 5(b)) or under section 202 or 203 of the International 
                Emergency Economic Powers Act (50 U.S.C. 1701 and 1702); and
                    (B) does not include property that--
                            (i) is subject to a license issued by the United 
                        States Government for final payment, transfer, or 
                        disposition by or to a person subject to the 
                        jurisdiction of the United States in connection with a 
                        transaction for which the issuance of the license has 
                        been specifically required by a provision of law other 
                        than the International Emergency Economic Powers Act (50 
                        U.S.C. 1701 et seq.) or the United Nations Participation 
                        Act of 1945 (22 U.S.C. 287 et seq.); or
                            (ii) is property subject to the Vienna Convention on 
                        Diplomatic Relations or the Vienna Convention on 
                        Consular Relations, or that enjoys equivalent privileges 
                        and immunities under the laws of the United States, and 
                        is being used exclusively for diplomatic or consular 
                        purposes.
            (2) Financial asset; securities intermediary.--The terms ``financial 
        asset'' and ``securities intermediary'' have the meanings given those 
        terms in the Uniform Commercial Code, but the former includes cash.
            (3) Iran.--The term ``Iran'' means the Government of Iran, including 
        the central bank or monetary authority of that Government and any agency 
        or instrumentality of that Government.
            (4) Person.--
                    (A) In general.--The term ``person'' means an individual or 
                entity.
                    (B) Entity.--The term ``entity'' means a partnership, 
                association, trust, joint venture, corporation, group, subgroup, 
                or other organization.
            (5) Terrorist party.--The term ``terrorist party'' has the meaning 
        given that term in section 201(d) of the Terrorism Risk Insurance Act of 
        2002 (28 U.S.C. 1610 note).
            (6) United states.--The term ``United States'' includes all 
        territory and waters, continental, or insular, subject to the 
        jurisdiction of the United States.
    (e) Technical Changes to the Foreign Sovereign Immunities Act.--
            (1) Title 28, united states code.--Section 1610 of title 28, United 
        States Code, is amended--
                    (A) in subsection (a)(7), by inserting after ``section 
                1605A'' the following: ``or section 1605(a)(7) (as such section 
                was in effect on January 27, 2008)''; and
                    (B) in subsection (b)--
                            (i) in paragraph (2)--
                                    (I) by striking ``(5), 1605(b), or 1605A'' 
                                and inserting ``(5) or 1605(b)''; and
                                    (II) by striking the period at the end and 
                                inserting ``, or''; and
                            (ii) by adding after paragraph (2) the following:
            ``(3) the judgment relates to a claim for which the agency or 
        instrumentality is not immune by virtue of section 1605A of this chapter 
        or section 1605(a)(7) of this chapter (as such section was in effect on 
        January 27, 2008), regardless of whether the property is or was involved 
        in the act upon which the claim is based.''.
            (2) Terrorism risk insurance act of 2002.--Section 201(a) of the 
        Terrorism Risk Insurance Act of 2002 (28 U.S.C. 1610 note) is amended by 
        striking ``section 1605(a)(7)'' and inserting ``section 1605A or 
        1605(a)(7) (as such section was in effect on January 27, 2008)''.

SEC. 503. TECHNICAL CORRECTIONS TO SECTION 1245 OF THE NATIONAL DEFENSE 
              AUTHORIZATION ACT FOR FISCAL YEAR 2012.

    (a) Exception for Sales of Agricultural Commodities.--
            (1) In general.--Section 1245(d)(2) of the National Defense 
        Authorization Act for Fiscal Year 2012 (22 U.S.C. 8513a(d)(2)) is 
        amended--
                    (A) in the paragraph heading, by inserting ``agricultural 
                commodities,'' after ``sales of''; and
                    (B) in the text, by inserting ``agricultural commodities,'' 
                after ``sale of''.
            (2) Effective date.--The amendments made by paragraph (1) shall take 
        effect as if included in the National Defense Authorization Act for 
        Fiscal Year 2012 (Public Law 112-81; 125 Stat. 1298).
    (b) Report of Energy Information Administration.--
            (1) In general.--Section 1245(d)(4)(A) of the National Defense 
        Authorization Act for Fiscal Year 2012 (22 U.S.C. 8513a(d)(4)(A)) is 
        amended--
                    (A) by striking ``60 days after the date of the enactment of 
                this Act, and every 60 days thereafter'' and inserting ``October 
                25, 2012, and the last Thursday of every other month 
                thereafter''; and
                    (B) by striking ``60-day period'' and inserting ``2-month 
                period''.
            (2) Effective date.--The amendments made by paragraph (1) shall take 
        effect on September 1, 2012.

SEC. 504. EXPANSION OF SANCTIONS UNDER SECTION 1245 OF THE NATIONAL DEFENSE 
              AUTHORIZATION ACT FOR FISCAL YEAR 2012.

    (a) In General.--Section 1245 of the National Defense Authorization Act for 
Fiscal Year 2012 (22 U.S.C. 8513a), as amended by section 503, is further 
amended--
            (1) in subsection (d)--
                    (A) in paragraph (3), by striking ``a foreign financial 
                institution owned or controlled by the government of a foreign 
                country, including''; and
                    (B) in paragraph (4)(D)--
                            (i) by striking ``Sanctions imposed'' and inserting 
                        the following:
                            ``(i) In general.--Sanctions imposed'';
                            (ii) in clause (i), as designated by clause (i) of 
                        this subparagraph--
                                    (I) by striking ``a foreign financial 
                                institution'' and inserting ``a financial 
                                transaction described in clause (ii) conducted 
                                or facilitated by a foreign financial 
                                institution'';
                                    (II) by striking ``institution has 
                                significantly'' and inserting ``institution--
                                    ``(I) has significantly reduced'';
                                    (III) by striking the period at the end and 
                                inserting ``; or''; and
                                    (IV) by adding at the end the following:
                                    ``(II) in the case of a country that has 
                                previously received an exception under this 
                                subparagraph, has, after receiving the 
                                exception, reduced its crude oil purchases from 
                                Iran to zero.''; and
                            (iii) by adding at the end the following:
                            ``(ii) Financial transactions described.--A 
                        financial transaction conducted or facilitated by a 
                        foreign financial institution is described in this 
                        clause if--
                                    ``(I) the financial transaction is only for 
                                trade in goods or services between the country 
                                with primary jurisdiction over the foreign 
                                financial institution and Iran; and
                                    ``(II) any funds owed to Iran as a result of 
                                such trade are credited to an account located in 
                                the country with primary jurisdiction over the 
                                foreign financial institution.'';
            (2) in subsection (h)--
                    (A) by redesignating paragraph (3) as paragraph (4); and
                    (B) by inserting after paragraph (2) the following:
            ``(3) Significant reductions.--The terms `reduce significantly', 
        `significant reduction', and `significantly reduced', with respect to 
        purchases from Iran of petroleum and petroleum products, include a 
        reduction in such purchases in terms of price or volume toward a 
        complete cessation of such purchases.''; and
            (3) by adding at the end the following:
    ``(i) Termination.--The provisions of this section shall terminate on the 
date that is 30 days after the date on which the President submits to Congress 
the certification described in section 401(a) of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 8551(a)).''.
    (b) Effective Date.--The amendments made by paragraphs (1) and (2) of 
subsection (a) shall apply with respect to financial transactions conducted or 
facilitated on or after the date that is 180 days after the date of the 
enactment of this Act.

SEC. 505. REPORTS ON NATURAL GAS EXPORTS FROM IRAN.

    (a) Report by Energy Information Administration.--Not later than 60 days 
after the date of the enactment of this Act, the Administrator of the Energy 
Information Administration shall submit to the President and the appropriate 
congressional committees a report on the natural gas sector of Iran that 
includes--
            (1) an assessment of exports of natural gas from Iran;
            (2) an identification of the countries that purchase the most 
        natural gas from Iran;
            (3) an assessment of alternative supplies of natural gas available 
        to those countries;
            (4) an assessment of the impact a reduction in exports of natural 
        gas from Iran would have on global natural gas supplies and the price of 
        natural gas, especially in countries identified under paragraph (2); and
            (5) such other information as the Administrator considers 
        appropriate.
    (b) Report by President.--
            (1) In general.--Not later than 60 days after receiving the report 
        required by subsection (a), the President shall, relying on information 
        in that report, submit to the appropriate congressional committees a 
        report that includes--
                    (A) an assessment of--
                            (i) the extent to which revenues from exports of 
                        natural gas from Iran are still enriching the Government 
                        of Iran;
                            (ii) whether a sanctions regime similar to the 
                        sanctions regime imposed with respect to purchases of 
                        petroleum and petroleum products from Iran pursuant to 
                        section 1245 of the National Defense Authorization Act 
                        for Fiscal Year 2012, as amended by sections 503 and 
                        504, or other measures could be applied effectively to 
                        exports of natural gas from Iran;
                            (iii) the geostrategic implications of a reduction 
                        in exports of natural gas from Iran, including the 
                        impact of such a reduction on the countries identified 
                        under subsection (a)(2);
                            (iv) alternative supplies of natural gas available 
                        to those countries; and
                            (v) the impact a reduction in exports of natural gas 
                        from Iran would have on global natural gas supplies and 
                        the price of natural gas and the impact, if any, on swap 
                        arrangements for natural gas in place between Iran and 
                        neighboring countries; and
                    (B) specific recommendations with respect to measures 
                designed to limit the revenue received by the Government of Iran 
                from exports of natural gas; and
                    (C) any other information the President considers 
                appropriate.
            (2) Form of report.--Each report required by paragraph (1) shall be 
        submitted in unclassified form but may contain a classified annex.

SEC. 506. REPORT ON MEMBERSHIP OF IRAN IN INTERNATIONAL ORGANIZATIONS.

    Not later than 180 days after the date of the enactment of this Act, and not 
later than September 1 of each year thereafter, the Secretary of State shall 
submit to the appropriate congressional committees a report listing the 
international organizations of which Iran is a member and detailing the amount 
that the United States contributes to each such organization on an annual basis.

SEC. 507. SENSE OF CONGRESS ON EXPORTATION OF GOODS, SERVICES, AND TECHNOLOGIES 
              FOR AIRCRAFT PRODUCED IN THE UNITED STATES.

    It is the sense of Congress that licenses to export or reexport goods, 
services, or technologies for aircraft produced in the United States should be 
provided only in situations in which such licenses are truly essential and in a 
manner consistent with the laws and foreign policy goals of the United States.

                          TITLE VI--GENERAL PROVISIONS

SEC. 601. IMPLEMENTATION; PENALTIES.

    (a) Implementation.--The President may exercise all authorities provided 
under sections 203 and 205 of the International Emergency Economic Powers Act 
(50 U.S.C. 1702 and 1704) to carry out--
            (1) sections 211, 212, 213, 217, 218, 220, 312, and 411, subtitle A 
        of title III, and title VII;
            (2) section 104A of the Comprehensive Iran Sanctions, 
        Accountability, and Divestment Act of 2010, as added by section 312; and
            (3) sections 105A and 105B of the Comprehensive Iran Sanctions, 
        Accountability, and Divestment Act of 2010, as added by subtitle A of 
        title IV.
    (b) Penalties.--
            (1) In general.--The penalties provided for in subsections (b) and 
        (c) of section 206 of the International Emergency Economic Powers Act 
        (50 U.S.C. 1705) shall apply to a person that violates, attempts to 
        violate, conspires to violate, or causes a violation of a provision 
        specified in paragraph (2) of this subsection, or an order or regulation 
        prescribed under such a provision, to the same extent that such 
        penalties apply to a person that commits an unlawful act described in 
        section 206(a) of that Act.
            (2) Provisions specified.--The provisions specified in this 
        paragraph are the following:
                    (A) Sections 211, 212, 213, and 220, subtitle A of title 
                III, and title VII.
                    (B) Sections 105A and 105B of the Comprehensive Iran 
                Sanctions, Accountability, and Divestment Act of 2010, as added 
                by subtitle A of title IV.

SEC. 602. APPLICABILITY TO CERTAIN INTELLIGENCE ACTIVITIES.

    Nothing in this Act or the amendments made by this Act shall apply to the 
authorized intelligence activities of the United States.

SEC. 603. APPLICABILITY TO CERTAIN NATURAL GAS PROJECTS.

    (a) Exception for Certain Natural Gas Projects.--Nothing in this Act or the 
amendments made by this Act shall apply to any activity relating to a project--
            (1) for the development of natural gas and the construction and 
        operation of a pipeline to transport natural gas from Azerbaijan to 
        Turkey and Europe;
            (2) that provides to Turkey and countries in Europe energy security 
        and energy independence from the Government of the Russian Federation 
        and other governments with jurisdiction over persons subject to 
        sanctions imposed under this Act or amendments made by this Act; and
            (3) that was initiated before the date of the enactment of this Act 
        pursuant to a production-sharing agreement, or an ancillary agreement 
        necessary to further a production-sharing agreement, entered into with, 
        or a license granted by, the government of a country other than Iran 
        before such date of enactment.
    (b) Termination of Exception.--
            (1) In general.--The exception under subsection (a) shall not apply 
        with respect to a project described in that subsection on or after the 
        date on which the President certifies to the appropriate congressional 
        committees that--
                    (A) the percentage of the equity interest in the project 
                held by or on behalf of an entity described in paragraph (2) has 
                increased relative to the percentage of the equity interest in 
                the project held by or on behalf of such an entity on January 1, 
                2002; or
                    (B) an entity described in paragraph (2) has assumed an 
                operational role in the project.
            (2) Entity described.--An entity described in this paragraph is--
                    (A) an entity--
                            (i) owned or controlled by the Government of Iran or 
                        identified under section 560.304 of title 31, Code of 
                        Federal Regulations (relating to the definition of the 
                        Government of Iran); or
                            (ii) organized under the laws of Iran or with the 
                        participation or approval of the Government of Iran;
                    (B) an entity owned or controlled by an entity described in 
                subparagraph (A); or
                    (C) a successor entity to an entity described in 
                subparagraph (A).

SEC. 604. RULE OF CONSTRUCTION WITH RESPECT TO USE OF FORCE AGAINST IRAN AND 
              SYRIA.

    Nothing in this Act or the amendments made by this Act shall be construed as 
a declaration of war or an authorization of the use of force against Iran or 
Syria.

SEC. 605. TERMINATION.

    (a) In General.--The provisions of sections 211, 212, 213, 218, 220, 221, 
and 501, title I, and subtitle A of title III 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)).
    (b) Amendment to Termination Date of Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010.--Section 401(a)(2) of the 
Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (22 
U.S.C. 8551(a)(2)) is amended by inserting ``, and verifiably dismantled its,'' 
after ``development of''.

        TITLE VII--SANCTIONS WITH RESPECT TO HUMAN RIGHTS ABUSES IN SYRIA

SEC. 701. SHORT TITLE.

    This title may be cited as the ``Syria Human Rights Accountability Act of 
2012''.

SEC. 702. IMPOSITION OF SANCTIONS WITH RESPECT TO CERTAIN PERSONS WHO ARE 
              RESPONSIBLE FOR OR COMPLICIT IN HUMAN RIGHTS ABUSES COMMITTED 
              AGAINST CITIZENS OF SYRIA OR THEIR FAMILY MEMBERS.

    (a) In General.--The President shall impose sanctions described in 
subsection (c) with respect to each person on the list required by subsection 
(b).
    (b) List of Persons Who Are Responsible for or Complicit in Certain Human 
Rights Abuses.--
            (1) In general.--Not later than 120 days after the date of the 
        enactment of this Act, the President shall submit to the appropriate 
        congressional committees a list of persons who are officials of the 
        Government of Syria or persons acting on behalf of that Government that 
        the President determines, based on credible evidence, are responsible 
        for or complicit in, or responsible for ordering, controlling, or 
        otherwise directing, the commission of serious human rights abuses 
        against citizens of Syria or their family members, regardless of whether 
        such abuses occurred in Syria.
            (2) Updates of list.--The President shall submit to the appropriate 
        congressional committees an updated list under paragraph (1)--
                    (A) not later than 300 days after the date of the enactment 
                of this Act and every 180 days thereafter; and
                    (B) as new information becomes available.
            (3) Form of report; public availability.--
                    (A) Form.--The list required by paragraph (1) shall be 
                submitted in unclassified form but may contain a classified 
                annex.
                    (B) Public availability.--The unclassified portion of the 
                list required by paragraph (1) shall be made available to the 
                public and posted on the websites of the Department of the 
                Treasury and the Department of State.
            (4) Consideration of data from other countries and nongovernmental 
        organizations.--In preparing the list required by paragraph (1), the 
        President shall consider credible data already obtained by other 
        countries and nongovernmental organizations, including organizations in 
        Syria, that monitor the human rights abuses of the Government of Syria.
    (c) Sanctions Described.--The sanctions described in this subsection are 
sanctions pursuant to the International Emergency Economic Powers Act (50 U.S.C. 
1701 et seq.), including blocking of property and restrictions or prohibitions 
on financial transactions and the exportation of property, subject to such 
regulations as the President may prescribe.

SEC. 703. IMPOSITION OF SANCTIONS WITH RESPECT TO THE TRANSFER OF GOODS OR 
              TECHNOLOGIES TO SYRIA THAT ARE LIKELY TO BE USED TO COMMIT HUMAN 
              RIGHTS ABUSES.

    (a) In General.--The President shall impose sanctions described in section 
702(c) with respect to--
            (1) each person on the list required by subsection (b); and
            (2) any person that--
                    (A) is a successor entity to a person on the list;
                    (B) owns or controls a person on the list, if the person 
                that owns or controls the person on the list had actual 
                knowledge or should have known that the person on the list 
                engaged in the activity described in subsection (b)(2) for which 
                the person was included in the list; or
                    (C) is owned or controlled by, or under common ownership or 
                control with, the person on the list, if the person owned or 
                controlled by, or under common ownership or control with (as the 
                case may be), the person on the list knowingly engaged in the 
                activity described in subsection (b)(2) for which the person was 
                included in the list.
    (b) List.--
            (1) In general.--Not later than 120 days after the date of the 
        enactment of this Act, the President shall submit to the appropriate 
        congressional committees a list of persons that the President determines 
        have knowingly engaged in an activity described in paragraph (2) on or 
        after such date of enactment.
            (2) Activity described.--
                    (A) In general.--A person engages in an activity described 
                in this paragraph if the person--
                            (i) transfers, or facilitates the transfer of, goods 
                        or technologies described in subparagraph (C) to Syria; 
                        or
                            (ii) provides services with respect to goods or 
                        technologies described in subparagraph (C) after such 
                        goods or technologies are transferred to Syria.
                    (B) Applicability to contracts and other agreements.--A 
                person engages in an activity described in subparagraph (A) 
                without regard to whether the activity is carried out pursuant 
                to a contract or other agreement entered into before, on, or 
                after the date of the enactment of this Act.
                    (C) Goods or technologies described.--Goods or technologies 
                described in this subparagraph are goods or technologies that 
                the President determines are likely to be used by the Government 
                of Syria or any of its agencies or instrumentalities to commit 
                human rights abuses against the people of Syria, including--
                            (i) firearms or ammunition (as those terms are 
                        defined in section 921 of title 18, United States Code), 
                        rubber bullets, police batons, pepper or chemical 
                        sprays, stun grenades, electroshock weapons, tear gas, 
                        water cannons, or surveillance technology; or
                            (ii) sensitive technology.
                    (D) Sensitive technology defined.--
                            (i) In general.--For purposes of subparagraph (C), 
                        the term ``sensitive technology'' means hardware, 
                        software, telecommunications equipment, or any other 
                        technology, that the President determines is to be used 
                        specifically--
                                    (I) to restrict the free flow of unbiased 
                                information in Syria; or
                                    (II) to disrupt, monitor, or otherwise 
                                restrict speech of the people of Syria.
                            (ii) Exception.--The term ``sensitive technology'' 
                        does not include information or informational materials 
                        the exportation of which the President does not have the 
                        authority to regulate or prohibit pursuant to section 
                        203(b)(3) of the International Emergency Economic Powers 
                        Act (50 U.S.C. 1702(b)(3)).
            (3) Special rule to allow for termination of sanctionable 
        activity.--The President shall not be required to include a person on 
        the list required by paragraph (1) if the President certifies in writing 
        to the appropriate congressional committees that--
                    (A) the person is no longer engaging in, or has taken 
                significant verifiable steps toward stopping, the activity 
                described in paragraph (2) for which the President would 
                otherwise have included the person on the list; and
                    (B) the President has received reliable assurances that the 
                person will not knowingly engage in any activity described in 
                paragraph (2) in the future.
            (4) Updates of list.--The President shall submit to the appropriate 
        congressional committees an updated list under paragraph (1)--
                    (A) not later than 300 days after the date of the enactment 
                of this Act and every 180 days thereafter; and
                    (B) as new information becomes available.
            (5) Form of report; public availability.--
                    (A) Form.--The list required by paragraph (1) shall be 
                submitted in unclassified form but may contain a classified 
                annex.
                    (B) Public availability.--The unclassified portion of the 
                list required by paragraph (1) shall be made available to the 
                public and posted on the websites of the Department of the 
                Treasury and the Department of State.

SEC. 704. IMPOSITION OF SANCTIONS WITH RESPECT TO PERSONS WHO ENGAGE IN 
              CENSORSHIP OR OTHER FORMS OF REPRESSION IN SYRIA.

    (a) In General.--The President shall impose sanctions described in section 
702(c) with respect to each person on the list required by subsection (b).
    (b) List of Persons Who Engage in Censorship.--
            (1) In general.--Not later than 120 days after the date of the 
        enactment of this Act, the President shall submit to the appropriate 
        congressional committees a list of persons that the President determines 
        have engaged in censorship, or activities relating to censorship, in a 
        manner that prohibits, limits, or penalizes the legitimate exercise of 
        freedom of expression by citizens of Syria.
            (2) Updates of list.--The President shall submit to the appropriate 
        congressional committees an updated list under paragraph (1)--
                    (A) not later than 300 days after the date of the enactment 
                of this Act and every 180 days thereafter; and
                    (B) as new information becomes available.
            (3) Form of report; public availability.--
                    (A) Form.--The list required by paragraph (1) shall be 
                submitted in unclassified form but may contain a classified 
                annex.
                    (B) Public availability.--The unclassified portion of the 
                list required by paragraph (1) shall be made available to the 
                public and posted on the websites of the Department of the 
                Treasury and the Department of State.

SEC. 705. WAIVER.

    The President may waive the requirement to include a person on a list 
required by section 702, 703, or 704 or to impose sanctions pursuant to any such 
section if the President--
            (1) determines that such a waiver is in the national security 
        interests of the United States; and
            (2) submits to the appropriate congressional committees a report on 
        the reasons for that determination.

SEC. 706. TERMINATION.

    (a) In General.--The provisions of this title and any sanctions imposed 
pursuant to this title shall terminate on the date on which the President 
submits to the appropriate congressional committees--
            (1) the certification described in subsection (b); and
            (2) a certification that--
                    (A) the Government of Syria is democratically elected and 
                representative of the people of Syria; or
                    (B) a legitimate transitional government of Syria is in 
                place.
    (b) Certification Described.--A certification described in this subsection 
is a certification by the President that the Government of Syria--
            (1) has unconditionally released all political prisoners;
            (2) has ceased its practices of violence, unlawful detention, 
        torture, and abuse of citizens of Syria engaged in peaceful political 
        activity;
            (3) has ceased its practice of procuring sensitive technology 
        designed to restrict the free flow of unbiased information in Syria, or 
        to disrupt, monitor, or otherwise restrict the right of citizens of 
        Syria to freedom of expression;
            (4) has ceased providing support for foreign terrorist organizations 
        and no longer allows such organizations, including Hamas, Hezbollah, and 
        Palestinian Islamic Jihad, to maintain facilities in territory under the 
        control of the Government of Syria; and
            (5) has ceased the development and deployment of medium- and long-
        range surface-to-surface ballistic missiles;
            (6) is not pursuing or engaged in the research, development, 
        acquisition, production, transfer, or deployment of biological, 
        chemical, or nuclear weapons, and has provided credible assurances that 
        it will not engage in such activities in the future; and
            (7) has agreed to allow the United Nations and other international 
        observers to verify that the Government of Syria is not engaging in such 
        activities and to assess the credibility of the assurances provided by 
        that Government.
    (c) Suspension of Sanctions After Election of Democratic Government.--If the 
President submits to the appropriate congressional committees the certification 
described in subsection (a)(2), the President may suspend the provisions of this 
title and any sanctions imposed under this title for not more than 180 days to 
allow time for a certification described in subsection (b) to be submitted.
            Attest:

                                                                          Clerk.