[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6114 Introduced in House (IH)]

<DOC>






118th CONGRESS
  1st Session
                                H. R. 6114

 To impose additional sanctions with respect to Iran and modify other 
    existing sanctions with respect to Iran, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 30, 2023

  Mr. Banks (for himself, Mr. Hern, Mr. Wilson of South Carolina, Mr. 
 Aderholt, Mr. Alford, Mr. Allen, Mr. Arrington, Mr. Bacon, Mr. Baird, 
   Mr. Barr, Mr. Buck, Mrs. Cammack, Mr. Ciscomani, Mr. Collins, Mr. 
    Crenshaw, Mr. Ellzey, Mr. Estes, Mr. Fallon, Mr. Feenstra, Mr. 
   Ferguson, Mr. Finstad, Mr. Fitzgerald, Mr. Fleischmann, Mr. Scott 
 Franklin of Florida, Mr. Mike Garcia of California, Mr. Gimenez, Mr. 
Tony Gonzales of Texas, Mr. Good of Virginia, Mr. Gooden of Texas, Mr. 
Green of Tennessee, Mr. Guest, Mr. Higgins of Louisiana, Mr. Hill, Mrs. 
   Houchin, Mr. Hudson, Mr. Jackson of Texas, Mr. Joyce of Ohio, Mr. 
LaLota, Mr. Lamborn, Mr. Loudermilk, Mr. Luttrell, Ms. Malliotakis, Mr. 
 Mann, Mrs. McClain, Mr. Miller of Ohio, Mrs. Miller-Meeks, Mr. Mills, 
 Mr. Moolenaar, Mr. Mooney, Mr. Nehls, Mr. Norman, Mr. Obernolte, Mr. 
Owens, Mr. Palmer, Mr. Pence, Mr. Pfluger, Mr. Reschenthaler, Mr. Rose, 
 Mr. Rutherford, Ms. Salazar, Mr. Self, Mr. Sessions, Mr. Smith of New 
 Jersey, Ms. Stefanik, Mr. Steil, Mr. Steube, Mr. Strong, Mr. Tiffany, 
 Mr. Van Drew, Ms. Van Duyne, Mrs. Wagner, Mr. Walberg, Mr. Waltz, Mr. 
  Weber of Texas, Mr. Williams of Texas, Mr. Wittman, Mr. Zinke, Mr. 
    Bost, Mr. Huizenga, Mr. Kean of New Jersey, Mr. Langworthy, Mr. 
    LaTurner, Mrs. Miller of West Virginia, Mr. Moore of Utah, Mr. 
 Newhouse, and Mr. Gallagher) introduced the following bill; which was 
 referred to the Committee on Foreign Affairs, and in addition to the 
      Committees on the Judiciary, Ways and Means, Oversight and 
Accountability, Financial Services, Rules, and Intelligence (Permanent 
Select), for a period to be subsequently determined by the Speaker, in 
   each case for consideration of such provisions as fall within the 
                jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
 To impose additional sanctions with respect to Iran and modify other 
    existing sanctions with respect to Iran, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Maximum Pressure 
Act''.
    (b) Table of Contents.--The table of contents for this Act is as 
follows:

Sec. 1. Short title; table of contents.
Sec. 2. Findings.
Sec. 3. Sense of congress on Iranian responsibility for Hamas terror 
                            attacks on October 7, 2023.
Sec. 4. Statement of policy.
Sec. 5. Severability.
    TITLE I--MATTERS RELATING TO SANCTIONS AND SANCTION AUTHORITIES

Sec. 101. Codification of executive orders and continuation of certain 
                            existing sanctions.
Sec. 102. Sanctions with respect to the Supreme Leader of Iran.
Sec. 103. Sanctions with respect to listed persons involved in 
                            international arms sales to Iran.
Sec. 104. Additional conditions for termination and elimination of 
                            sunset of sanctions under the Iran 
                            Sanctions Act of 1996.
Sec. 105. Sectoral sanctions on Iran under the Iran Freedom and 
                            Counter-Proliferation Act of 2012.
Sec. 106. Amendments to the comprehensive Iran Sanctions, 
                            Accountability, and Divestment Act of 2010.
Sec. 107. Congressional review of certain actions relating to sanctions 
                            imposed with respect to Iran.
Sec. 108. Clarification of guidance relating to Iran's shipping sector.
Sec. 109. Sunset of waiver and license authorities.
Sec. 110. Codification and application on transfers of funds involving 
                            Iran.
Sec. 111. Applicability of congressional review of certain agency 
                            rulemaking relating to Iran.
Sec. 112. Strict liability of parent companies and foreign subsidiaries 
                            for violations of Foreign Corrupt Practices 
                            Act of 1977.
Sec. 113. Expansion of sanctions with respect to efforts by Iran to 
                            acquire ballistic missile and related 
                            technology.
Sec. 114. Expansion of sanctions under Iran Sanctions Act of 1996 with 
                            respect to persons that acquire or develop 
                            ballistic missiles.
Sec. 115. Imposition of sanctions with respect to Ballistic Missile 
                            Program of Iran.
Sec. 116. Mandatory sanctions with respect to financial institutions 
                            that engage in certain transactions on 
                            behalf of persons involved in human rights 
                            abuses or that export sensitive technology 
                            to Iran.
Sec. 117. Additional sanctions with respect to foreign persons that 
                            support or conduct certain transactions 
                            with Iran's Revolutionary Guard Corps or 
                            other sanctioned persons.
        TITLE II--MATTERS RELATING TO THE FINANCING OF TERRORISM

Sec. 201. Prohibitions of International Monetary Fund allocations for 
                            Iran.
Sec. 202. Certification requirement for removal of designation of Iran 
                            as a jurisdiction of primary money 
                            laundering concern.
Sec. 203. Requirement to take special measures at domestic financial 
                            institutions.
Sec. 204. Additional sanctions with respect to foreign persons that are 
                            officials, agents, or affiliates of, or 
                            owned or controlled by, Iran's 
                            Revolutionary Guard Corps.
Sec. 205. Additional sanctions with respect to foreign persons that 
                            support or conduct certain transactions 
                            with Iran's Revolutionary Guard Corps or 
                            other sanctioned persons.
Sec. 206. Reports on certain Iranian persons and sectors of Iran's 
                            economy that are controlled by Iran's 
                            Revolutionary Guard Corps.
   TITLE III--MATTERS RELATING TO THE DESIGNATION OF CERTAIN ENTITIES

Sec. 301. Prohibition on future waivers and licenses connected to the 
                            designation of the IRGC.
Sec. 302. Prohibition on future waivers and licenses connected to the 
                            designation of the IRGC as a foreign 
                            terrorist organization.
Sec. 303. Measures with respect to Ansarallah in Yemen.
                  TITLE IV--DETERMINATIONS AND REPORTS

Sec. 401. Determinations with respect to the imposition of sanctions.
Sec. 402. Iranian militia watchlists.
Sec. 403. Expansion of reporting to include Iranian arms shipments to 
                            the Houthis and Iranian backed militias in 
                            Iraq and Syria.
Sec. 404. Annual report on Iran sanctions violations.
Sec. 405. Report on sanctions relief going to terrorism or 
                            destabilizing activities.
Sec. 406. Supporting human rights for the people of Iran and the 
                            victims of Iranian human rights abuses in 
                            Syria, Lebanon, Yemen, and Venezuela.
Sec. 407. Determination with respect to net worth of Iranian Supreme 
                            Leader Ayatollah Ali Khamenei.
Sec. 408. IRGC watch list and report.
Sec. 409. Report on Iran's breakout timeline for uranium enrichment and 
                            nuclear weaponization.
Sec. 410. Report on Iranian disinformation campaigns and counter-
                            disinformation efforts.
Sec. 411. Report on Iranian support to Hamas.
Sec. 412. Report on unblocked Iranian assets and terrorism.
Sec. 413. Report on Iranian counterintelligence threats in the United 
                            States.
                      TITLE V--ADDITIONAL MATTERS

Sec. 501. Increasing rewards for justice for Hamas, Hezbollah, the 
                            Islamic Revolutionary Guard Corps and other 
                            terrorists involved in October 7, 2023, 
                            terrorist attacks against Israel.
Sec. 502. Repurposing frozen Iranian funds for United States Victims of 
                            State Sponsored Terrorism fund.
Sec. 503. Determination regarding applicable Iranian financial 
                            institutions under executive order 13902.

SEC. 2. FINDINGS.

    Congress finds the following:
            (1) Iran is the world's leading State sponsor of terrorism. 
        It seeks ``death to America'' and the destruction of the State 
        of Israel.
            (2) Iran's pursuit of nuclear weapons, its efforts to 
        destroy the State of Israel, its support of terrorism, its 
        destabilizing behavior in the Middle East, its development and 
        proliferation of drones and ballistic missiles, and its gross 
        violations of human rights against its own people and the 
        peoples of the Middle East are a threat to the national 
        security of the United States, our allies, and international 
        peace and security.
            (3) Iran and its proxies have planned, directed, sponsored, 
        and funded terrorist plots throughout the world and on United 
        States soil, including the October 2023, mass murder and 
        hostage-taking of Israeli civilians by Hamas and the killing of 
        at least 31 United States citizens in that attack, the 2011 
        attempted assassination of the Saudi Arabian Ambassador to the 
        United States in Washington, DC, the 1994 bombing of the 
        Asociacion Mutual Israelita Argentina in Buenos Aires, 
        Argentina, which killed over 85 people, and the 2012 bus 
        bombing in Burgas, Bulgaria, which killed 5 Israelis.
            (4) Experts estimate that Iran as of September 2023, has 
        enough highly enriched uranium to produce weapons-grade uranium 
        for 1 nuclear bomb within 12 days and as many as 6 nuclear 
        bombs within 1 month. Iran continues to enrich uranium to 
        levels for which there is no conceivable civilian purpose and 
        which could only be used to produce a nuclear weapon.
            (5) According to multiple United States Directors of 
        National Intelligence, Iran has the largest arsenal of 
        ballistic missiles in the Middle East. Iran also possesses a 
        robust cruise missile arsenal and advanced drone capability, 
        which threaten United States and allied air and missile 
        defenses. Iran tests, transfers, and even uses these systems in 
        military operations abroad.
            (6) Iran has given ballistic missiles, drones, and 
        associated technology to the Houthis in Yemen, Shiite militias 
        in Iraq, the Assad regime in Syria, and Hezbollah in Lebanon, 
        and is trafficking precision-guided munitions parts through the 
        Middle East to upgrade the rocket forces of its chief proxy, 
        Hezbollah.
            (7) Iran has sold thousands of drones to Russia for its use 
        in its invasion of Ukraine, leading to mass attacks on civilian 
        infrastructure, and has given Russia the technology and 
        knowledge to produce these drones in Russia.
            (8) Iran continues to take United States citizens hostage 
        in order to extract ransom payments from the United States and 
        exchange arbitrarily detained United States citizens for 
        Iranian agents arrested for violating United States sanctions 
        and for other malign activities.
            (9) The Joint Comprehensive Plan of Action negotiated by 
        former President Barack Obama was fatally flawed, did not 
        eliminate Iran's pathway to a nuclear weapon, and allowed Iran 
        to retain and refine its ability to quickly resume its pursuit 
        of a nuclear weapon.
            (10) The failed Iran nuclear agreement provided Iran with 
        over $100,000,000,000 in sanctions relief that was used by Iran 
        to fuel proxy wars across the Middle East.
            (11) The failed Iran nuclear agreement lifted the United 
        Nations conventional arms embargo on Iran in October 2020, 
        permitting Russia and China to engage in international arms 
        sales with Iran.
            (12) The failed Iran nuclear agreement also lifted the 
        United Nations missile embargo on Iran in October 2023, 
        allowing Iran to sell and purchase drone and ballistic missile 
        technology.
            (13) A central flaw of the failed Iran nuclear deal was 
        that the agreement solely focused on nuclear weapons and did 
        not address non-nuclear issues like Iran's support for 
        terrorism, drone and ballistic missile technology, gross human 
        rights abuses, and Iran's other malign activities.
            (14) On May 21, 2018, 2 weeks after President Trump 
        withdrew from the failed Iran nuclear deal, former Secretary of 
        State Mike Pompeo laid out 12 demands that would need to be met 
        by Iran as part of any agreement related to the lifting of 
        sanctions, and the re-establishment of diplomatic and 
        commercial relations with Iran.
            (15) Former President Donald Trump's maximum pressure 
        campaign on Iran denied the regime unprecedented revenue it 
        would have otherwise spent on terrorism.
            (16) On December 31, 2019, then-Iranian President Hassan 
        Rouhani admitted that Iran had lost $200 billion in revenue 
        because of United States sanctions.
            (17) Iran's 2019 defense budget cut defense spending by 28 
        percent, including a 17 percent cut to the Islamic 
        Revolutionary Guard Corps, a designated foreign terrorist 
        organization. Hezbollah terrorists and Iranian backed militias 
        were denied resources and were forced to cut salaries of their 
        fighters.
            (18) The Iranian rial lost around 70 percent of its value 
        due to President Trump's maximum pressure campaign.
            (19) According to the International Monetary Fund, Iran's 
        accessible foreign exchange reserves plunged to $4,000,000,000 
        in 2020 from $123,000,000,000 in 2018, or a decrease of over 96 
        percent.
            (20) During the maximum pressure campaign, the United 
        States was able to achieve the release of 2 hostages in Iran, 
        Xiyue Wang and Michael White, without lifting sanctions or 
        transferring cash to Iran.
            (21) President Joe Biden's relentless attempts to re-enter 
        the failed Iran nuclear agreement squandered much of the 
        leverage created by President Trump's maximum pressure 
        campaign.
            (22) The Biden Administration's pursuit of an even weaker 
        deal with Iran broke previous pledges made by administration 
        officials to pursue a ``longer and stronger'' deal that 
        extended sunset dates of restrictions and which would cover a 
        broader range of Iran's malign activity.
            (23) Amid the multiple failed rounds of talks to get Iran 
        to reenter the Iran nuclear agreement, the Biden administration 
        reportedly offered to remove the Islamic Revolutionary Guard 
        Corps from the Foreign Terrorist Organization list, despite the 
        group's obvious involvement in and support for terrorism, until 
        news of this offer became public.
            (24) The Iranian regime has made more than $80,000,000,000 
        in illicit oil sales since President Biden took office due to 
        the administration's lax enforcement of sanctions on Iranian 
        oil exports. Total Iranian oil exports reached nearly 2,000,000 
        barrels per day in August 2023, the highest since before the 
        maximum pressure campaign began.
            (25) In 2021, Iran increased funding for the Islamic 
        Revolutionary Guard Corps by 14 percent, reversing budget cuts 
        imposed as a result of maximum pressure.
            (26) Iran's accessible foreign exchange reserves have risen 
        from $4,000,000,000 in 2020 to at least $43,000,000,000 in 
        2023.
            (27) In July 2023, the United States unfroze nearly 
        $10,000,000,000 held in Iraqi banks for Iraq to pay to the 
        Iranian regime.
            (28) In August 2023, the Biden Administration agreed to 
        give Iran access to $6,000,000,000 in previously frozen funds 
        and released several Iranians in prison for violating United 
        States sanctions in exchange for the release of 5 United States 
        hostages. This represents the largest ransom payment in United 
        States history.
            (29) On March 18, 2021, in an interview with BBC Persian, 
        President Biden's Special Envoy for Iran and lead United States 
        negotiator in talks to re-enter the Iran deal, Robert Malley, 
        stated ``President Biden and all of his senior advisers have 
        said this--the maximum pressure campaign has failed. It was a 
        failure, a predicted failure. It hasn't made life any better 
        for the Iranian people; it hasn't made life any better for the 
        United States and the region; it hasn't brought us any closer 
        to this better deal that President Trump spoke about.''.
            (30) In June 2023, it was revealed that the State 
        Department had placed Malley on leave and had suspended his 
        security clearance, reportedly due to accusations that Malley 
        mishandled classified information.
            (31) In September 2023, it was revealed that Malley had 
        deep ties to several experts who were part of an Iranian 
        Government influence operation during the Iran deal 
        negotiations to convince Western governments to support lighter 
        demands on Iran. These experts have since served in senior 
        staff positions in the Department of Defense and have advised 
        executive branch officials on issues related to Iran.
            (32) In September 2022, the Iranian regime's ``Morality 
        Police'' detained, brutally beat, and killed 22-year old Mahsa 
        Amini for allegedly violating Islamic dress code. Mahsa's death 
        spurred the largest anti-regime and pro-democracy protests in 
        Iran since the 1979 revolution, with hundreds of thousands of 
        Iranians chanting ``Death to the Dictator''.
            (33) Iranian regime forces cracked down on the protests, 
        killing at least 500 protestors, and eventually reinstated 
        street patrols of the Morality Police and has continued 
        brutalizing women who do not adhere to its strict dress code.
            (34) On September 12, 2023, the House of Representatives 
        passed the passed the MAHSA Act, which imposes sanctions on 
        Iranian leadership, including the Supreme Leader of Iran, for 
        their responsibility for Mahsa's death and for their repression 
        of innocent Iranians like Mahsa. The MAHSA Act represents a 
        Congress bipartisan consensus that the Biden administration's 
        policy on Iran has clearly failed and that Iranian regime 
        officials must be held accountable for their crimes.
            (35) Iranian proxy group Hamas carried out a massacre of 
        Israeli and other civilians on October 7, 2023, that killed 
        more than 1,400 Israelis and foreign nationals, including 
        United States citizens, and which took nearly 200 people into 
        Gaza as hostages.

SEC. 3. SENSE OF CONGRESS ON IRANIAN RESPONSIBILITY FOR HAMAS TERROR 
              ATTACKS ON OCTOBER 7, 2023.

    It is the sense of Congress that--
            (1) Iran is clearly culpable for Hamas' terrorist attack 
        against Israel on October 7, 2023, as a result of its funding, 
        training, and coordination of Hamas and other terrorist 
        organizations;
            (2) any funds directly or indirectly released to Iran, or 
        funds freed up by the expectation of the imminent release of 
        those funds, benefit Iran's terrorist proxies like Hamas and 
        Hezbollah and encourage further acts of terrorism;
            (3) all funds previously released to Iran be immediately 
        frozen and that all licenses and waivers allowing funding to 
        directly or indirectly flow to Iran be suspended immediately; 
        and
            (4) the only suitable punishment for Iran's participation 
        in and organization of this mass murder is for the United 
        States to halt its appeasement of the Iranian regime and to 
        return to a policy of maximum pressure.

SEC. 4. STATEMENT OF POLICY.

    It is the policy of the United States as follows:
            (1) To deny Iran all paths to a nuclear weapon and 
        intercontinental ballistic missiles capability, including by 
        permanently, verifiably, and irreversibly eliminating its 
        capabilities related to enrichment.
            (2) To deter and defeat any attempts by Iran and its 
        terrorist proxies to destroy the State of Israel.
            (3) To roll back the totality of Iran's malign influence 
        and activities in the Middle East.
            (4) To support the human rights of the people of Iran and 
        to encourage their continued opposition to their illegitimate 
        and brutal regime.
            (5) To require that any new agreement with Iran should be 
        submitted to the Senate for ratification as a treaty.
            (6) To impose maximum economic pressure on Iran, and keep 
        all sanctions in place on Iran, until the regime fulfills the 
        following 12 demands laid out by former Secretary of State 
        Pompeo on May 21, 2018:
                    (A) Iran must declare to the International Atomic 
                Energy Agency a full account of the prior military 
                dimensions of its nuclear program, and permanently and 
                verifiably abandon such work in perpetuity.
                    (B) Iran must stop enrichment and never pursue 
                plutonium reprocessing, including closing its heavy 
                water reactor.
                    (C) Iran must also provide the International Atomic 
                Energy Agency with unqualified access to all sites 
                throughout the entire country.
                    (D) Iran must end its proliferation of ballistic 
                missiles and halt further launching or development of 
                nuclear-capable missile systems.
                    (E) Iran must release all United States citizens as 
                well as citizens of United States partners and allies, 
                each of them detained on spurious charges.
                    (F) Iran must end its support for terrorism, 
                including Hezbollah, Hamas and Palestinian Islamic 
                Jihad.
                    (G) Iran must respect the sovereignty of the Iraqi 
                Government and permit the disarming, demobilization and 
                reintegration of Iranian backed militias.
                    (H) Iran must end its military support for the 
                Houthi terrorists and work towards a peaceful, 
                political settlement in Yemen.
                    (I) Iran must withdraw all forces under Iranian 
                command throughout the entirety of Syria.
                    (J) Iran must end support for the Taliban and other 
                terrorists in Afghanistan and the region and cease 
                harboring senior al-Qaeda leaders.
                    (K) Iran must end the Islamic Revolutionary Guard 
                Corps' support for terrorists around the world.
                    (L) Iran must end its threatening behavior against 
                its neighbors including its threats to destroy Israel 
                and its firing of missiles at Saudi Arabia and the 
                United Arab Emirates, and threats to international 
                shipping and destructive cyberattacks.

SEC. 5. SEVERABILITY.

    If any provision of this Act, or an amendment made by this Act, or 
the application of such provision or amendment to any person or 
circumstance, is held to be invalid, the remainder of this Act, the 
amendments made by this Act, and the application of such provision and 
amendments to other persons or circumstances, shall not be affected.

    TITLE I--MATTERS RELATING TO SANCTIONS AND SANCTION AUTHORITIES

SEC. 101. CODIFICATION OF EXECUTIVE ORDERS AND CONTINUATION OF CERTAIN 
              EXISTING SANCTIONS.

    (a) Codification.--Executive Orders 13606, 13628, 13846, 13871, 
13876, 13902, and 13949, as in effect on January 20, 2021, shall remain 
in effect and continue to apply until the date on which the President 
submits a certification to Congress pursuant to section 8 of the Iran 
Sanctions Act of 1996 (50 U.S.C. 1701 note) as amended by this Act.
    (b) Prohibition on Removal of Persons From SDN List.--The President 
may not remove the following individuals or entities from the Specially 
Designated Nationals and Blocked Persons list maintained by the Office 
of Foreign Asset Control of the Department of the Treasury, if such 
persons were placed on such list during the period beginning on May 8, 
2019, and ending January 20, 2021, unless the President submits a 
certification to Congress pursuant to section 8 of the Iran Sanctions 
Act of 1996 (50 U.S.C. 1701 note) as amended by this Act:
            (1) Any Iranian individual or entity.
            (2) Any individual or entity included in such list as a 
        result of activities connected to Iran.
            (3) Asa'iab ahl al-Haq, Zainabiyoun, Fatemiyoun, and 
        Harakat Hezbollah al-Nujaba.
    (c) Reimposition of Sanctions.--Any sanctions imposed during the 
period beginning on May 8, 2019, and ending January 20, 2021, with 
respect to any person described in subsection (b)(1) or (b)(2), and 
subsequently lifted before the date of the enactment of this Act, shall 
be reimposed with respect to such persons beginning on the date of the 
enactment of this Act and shall remain in effect until the date on 
which the President submits a certification to Congress pursuant to 
section 8 of the Iran Sanctions Act of 1996 (50 U.S.C. 1701 note) as 
amended by this Act.

SEC. 102. SANCTIONS WITH RESPECT TO THE SUPREME LEADER OF IRAN.

    (a) In General.--Not later than 30 days after the date of the 
enactment of this Act, the President shall impose the sanctions 
described in subsection (b) with respect to the following individuals:
            (1) The Supreme Leader of the Islamic Republic of Iran.
            (2) Each member of the Iranian Supreme Leader's Office.
            (3) Any person appointed by the Supreme Leader of Iran or 
        the Supreme Leader's Office to a position as--
                    (A) a state official of Iran;
                    (B) as the head of an entity located in Iran; or
                    (C) as the head of an entity located outside of 
                Iran that is owned or controlled by one or more 
                entities in Iran.
            (4) Any person appointed to a position described in 
        subparagraphs (A) through (C) of paragraph (3) by a person 
        described in paragraph (3).
            (5) Any person the President determines has materially 
        assisted, sponsored, or provided financial, material, or 
        technological support for, or goods or services to or in 
        support of any person whose property and interests in property 
        are blocked pursuant to this section.
            (6) Any person the President determines is owned or 
        controlled by, or to have acted or purported to act for or on 
        behalf of, directly or indirectly, any person whose property 
        and interests in property are blocked pursuant to this section.
            (7) Any person the President determines conducts a 
        significant transaction or transactions with, or provides 
        material support to or for anyone described in paragraphs (1) 
        through (6).
            (8) Any person who is a member of the board of directors or 
        a senior executive officer of any person whose property and 
        interests in property are blocked pursuant to this section.
    (b) Sanctions Described.--
            (1) In general.--The sanctions described in this subsection 
        are the following:
                    (A) Blocking of property.--The President shall 
                exercise all of the powers granted to the President 
                under the International Emergency Economic Powers Act 
                (50 U.S.C. 1701 et seq.) to block and prohibit all 
                transactions in property and interests in property of 
                the 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) Aliens ineligible for visas, admission, or 
                parole.--
                            (i) Visas, admission, or parole.--An alien 
                        who the Secretary of State or the Secretary of 
                        Homeland Security (or a designee of one of such 
                        Secretaries) knows, or has reason to believe, 
                        has knowingly engaged in any activity described 
                        in subsection (a)(2) is--
                                    (I) inadmissible to the United 
                                States;
                                    (II) ineligible to receive a visa 
                                or other documentation to enter the 
                                United States; and
                                    (III) otherwise ineligible to be 
                                admitted or paroled into the United 
                                States or to receive any other benefit 
                                under the Immigration and Nationality 
                                Act (8 U.S.C. 1101 et seq.).
                            (ii) Current visas revoked.--
                                    (I) In general.--The issuing 
                                consular officer, the Secretary of 
                                State, or the Secretary of Homeland 
                                Security (or a designee of one of such 
                                Secretaries) shall, in accordance with 
                                section 221(i) of the Immigration and 
                                Nationality Act (8 U.S.C. 1201(i)), 
                                revoke any visa or other entry 
                                documentation issued to an alien 
                                described in clause (i) regardless of 
                                when the visa or other entry 
                                documentation is issued.
                                    (II) Effect of revocation.--A 
                                revocation under subclause (I) shall 
                                take effect immediately and shall 
                                automatically cancel any other valid 
                                visa or entry documentation that is in 
                                the alien's possession.
            (2) Exceptions.--
                    (A) UN headquarters agreement.--The sanctions 
                described under paragraph (1)(B) shall not apply with 
                respect to an alien if admitting or paroling the alien 
                into the United States is necessary to permit the 
                United States to comply with the Agreement regarding 
                the Headquarters of the United Nations, signed at Lake 
                Success June 26, 1947, and entered into force November 
                21, 1947, between the United Nations and the United 
                States, or other applicable international obligations.
                    (B) Prior transfer directive.--The sanctions 
                described under paragraph (1)(A) shall not apply with 
                respect to property and interests in property of the 
                Government of Iran that were blocked pursuant to 
                Executive Order 12170 of November 14, 1979 (Blocking 
                Iranian Government Property), and thereafter made 
                subject to the transfer directives set forth in 
                Executive Order 12281 of January 19, 1981 (Direction to 
                Transfer Certain Iranian Government Assets), and any 
                implementing regulations with respect to such Executive 
                Order 12281.
                    (C) Humanitarian exception.--The sanctions 
                described under paragraph (1)(B) and (1)(A) shall not 
                apply with respect to any person for conducting or 
                facilitating a transaction for the provision (including 
                any sale) of agricultural commodities, food, medicine, 
                or medical devices to Iran.
    (c) Penalties.--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 regulations 
promulgated to carry out this section or the sanctions imposed pursuant 
to this section to the same extent that such penalties apply to a 
person that commits an unlawful act described in section 206(a) of that 
Act.
    (d) Termination.--Sanctions imposed in accordance with this section 
may be terminated or may be waived with respect to a foreign person if 
the President submits the certification required in section 8 of the 
Iran Sanctions Act of 1996 (50 U.S.C. 1701 note) as amended by this 
Act.

SEC. 103. SANCTIONS WITH RESPECT TO LISTED PERSONS INVOLVED IN 
              INTERNATIONAL ARMS SALES TO IRAN.

    (a) Imposition of Sanctions.--
            (1) In general.--Not later than 60 days after the date of 
        the enactment of this Act, and every 180 days thereafter, the 
        President shall impose the sanctions described in subsection 
        (b) with respect to each foreign person the President 
        determines, on or after such date of enactment, engages in an 
        activity described in paragraph (2).
            (2) Activity described.--An activity described in this 
        paragraph is any of the following:
                    (A) Any activity that materially contributes to the 
                supply, sale, or transfer, directly or indirectly, to 
                or from Iran, or for the use in or benefit of Iran, of 
                arms or related materiel, including spare parts.
                    (B) The provision to the Government of Iran any 
                technical training, financial resources or services, 
                advice, other services, or assistance related to the 
                supply, sale, transfer, manufacture, maintenance, or 
                use of arms and related materiel described in 
                subparagraph (A).
                    (C) Any activity that materially contributes to, or 
                poses a risk of materially contributing to, the 
                proliferation of arms or related materiel or items 
                intended for military end-uses or military end-users, 
                including any efforts to manufacture, acquire, possess, 
                develop, transport, transfer, or use such items, by the 
                Government of Iran (including persons owned or 
                controlled by, or acting for or on behalf of the 
                Government of Iran) or paramilitary organizations 
                financially or militarily supported by the Government 
                of Iran.
                    (D) Materially assisting, sponsoring, or providing 
                financial, material, or technological support for, or 
                goods or services to or in support of, any person whose 
                property and interests in property are blocked pursuant 
                to this Act.
                    (E) Making any contribution or provision of funds, 
                goods, or services by, to, or for the benefit of any 
                person whose property and interests in property are 
                blocked pursuant to this Act.
                    (F) Receiving any contribution or provision of 
                funds, goods, or services from any such person whose 
                property and interests in property are blocked pursuant 
                to this Act.
                    (G) Being owned or controlled by, or acting or 
                purporting to act for or on behalf of, directly or 
                indirectly, any person whose property and interests in 
                property are blocked pursuant to this Act.
    (b) Sanctions Described.--
            (1) In general.--The sanctions described in this subsection 
        are the following:
                    (A) Blocking of property.--The President shall 
                exercise all of the powers granted to the President 
                under the International Emergency Economic Powers Act 
                (50 U.S.C. 1701 et seq.) to the extent necessary to 
                block and prohibit all transactions in property and 
                interests in property of the 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) Aliens ineligible for visas, admission, or 
                parole.--
                            (i) Visas, admission, or parole.--An alien 
                        who the Secretary of State or the Secretary of 
                        Homeland Security (or a designee of one of such 
                        Secretaries) knows, or has reason to believe, 
                        has knowingly engaged in any activity described 
                        in subsection (a)(2) is--
                                    (I) inadmissible to the United 
                                States;
                                    (II) ineligible to receive a visa 
                                or other documentation to enter the 
                                United States; and
                                    (III) otherwise ineligible to be 
                                admitted or paroled into the United 
                                States or to receive any other benefit 
                                under the Immigration and Nationality 
                                Act (8 U.S.C. 1101 et seq.).
                            (ii) Current visas revoked.--
                                    (I) In general.--The issuing 
                                consular officer, the Secretary of 
                                State, or the Secretary of Homeland 
                                Security (or a designee of one of such 
                                Secretaries) shall, in accordance with 
                                section 221(i) of the Immigration and 
                                Nationality Act (8 U.S.C. 1201(i)), 
                                revoke any visa or other entry 
                                documentation issued to an alien 
                                described in clause (i) regardless of 
                                when the visa or other entry 
                                documentation is issued.
                                    (II) Effect of revocation.--A 
                                revocation under subclause (I) shall 
                                take effect immediately and shall 
                                automatically cancel any other valid 
                                visa or entry documentation that is in 
                                the alien's possession.
            (2) Exceptions.--
                    (A) UN headquarters agreement.--The sanctions 
                described under paragraph (1)(B) shall not apply with 
                respect to an alien if admitting or paroling the alien 
                into the United States is necessary to permit the 
                United States to comply with the Agreement regarding 
                the Headquarters of the United Nations, signed at Lake 
                Success June 26, 1947, and entered into force November 
                21, 1947, between the United Nations and the United 
                States, or other applicable international obligations.
                    (B) Prior transfer directive.--The sanctions 
                described under paragraph (1)(A) shall not apply with 
                respect to property and interests in property of the 
                Government of Iran that were blocked pursuant to 
                Executive Order 12170 of November 14, 1979 (Blocking 
                Iranian Government Property), and thereafter made 
                subject to the transfer directives set forth in 
                Executive Order 12281 of January 19, 1981 (Direction to 
                Transfer Certain Iranian Government Assets), and any 
                implementing regulations with respect to such Executive 
                Order 12281.
                    (C) Humanitarian exception.--The sanctions 
                described under paragraph (1)(B) and (1)(A) shall not 
                apply with respect to any person for conducting or 
                facilitating a transaction for the provision (including 
                any sale) of agricultural commodities, food, medicine, 
                or medical devices to Iran.
    (c) Penalties.--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 regulations 
promulgated to carry out this section or the sanctions imposed pursuant 
to this section to the same extent that such penalties apply to a 
person that commits an unlawful act described in section 206(a) of that 
Act.
    (d) Termination.--
            (1) In general.--Sanctions may be terminated or may be 
        waived with respect to a foreign person described in subsection 
        (a)(1)(A) if the President certifies to the appropriate 
        congressional committees that the person is no longer engaged 
        in activities described in paragraph (2) of such subsection.
            (2) Appropriate congressional committees.--In this 
        subsection, the term ``appropriate congressional committees'' 
        means--
                    (A) the Committee on Foreign Affairs and the 
                Committee on Financial Services of the House of 
                Representatives; and
                    (B) the Committee on Foreign Relations and the 
                Committee on Banking, Housing, and Urban Affairs of the 
                Senate.

SEC. 104. ADDITIONAL CONDITIONS FOR TERMINATION AND ELIMINATION OF 
              SUNSET OF SANCTIONS UNDER THE IRAN SANCTIONS ACT OF 1996.

    (a) Termination Conditions.--Section 8 of the Iran Sanctions Act of 
1996 (50 U.S.C. 1701 note) is amended--
            (1) by striking ``The requirement'' and inserting ``(a) In 
        General.--The requirement''; and
            (2) by adding at the end the following:
    ``(b) Additional Conditions for Termination.--In addition to the 
requirement under subsection (a), sanctions imposed under section 5(a) 
shall remain in effect unless the President determines and certifies to 
the appropriate congressional committees that Iran has complied with 
each of the following:
            ``(1) Declared to the International Atomic Energy Agency a 
        full account of the prior military dimensions of its nuclear 
        program and permanently and verifiably abandons such work in 
        perpetuity.
            ``(2) Stopped enrichment of and never returns to plutonium 
        reprocessing, including by closing its heavy water reactor.
            ``(3) Provided the International Atomic Energy Agency with 
        unqualified access to all sites throughout the entire country.
            ``(4) Ended its proliferation of ballistic missiles and 
        halts further launching or development of nuclear-capable 
        missile systems.
            ``(5) Released all United States citizens, as well as 
        citizens of United States partners and allies, that are 
        unjustly detained and held captive in Iran.
            ``(6) Respected the sovereignty of the Government of Iraq 
        through no longer preventing, hindering, or disrupting any 
        efforts by that Government with regard to the disarming, 
        demobilization and reintegration of Iranian-backed militias in 
        Iraq.
            ``(7) Ended its military support for the Houthi militia 
        (Ansarallah) and worked towards a peaceful, political 
        settlement in Yemen.
            ``(8) Withdrawn all forces under Iran's command throughout 
        the entirety of Syria.
            ``(9) Ended support for the Taliban and other terrorists in 
        Afghanistan and the region and ceased to harbor senior al-Qaeda 
        leaders.
            ``(10) Ended the Islamic Revolutionary Guard Corps' Quds 
        Force's support for terrorists around the world.
            ``(11) Ended its threatening behavior against its 
        neighbors, including its threats to destroy Israel and its 
        firing of missiles at Saudi Arabia and the United Arab 
        Emirates, threats to international shipping, and destructive 
        cyberattacks.
            ``(12) Ceased violently attacking and killing peaceful 
        protesters in Iran, and provided a full accounting for the 1500 
        peaceful protesters reported to be killed in November 2019 when 
        fired upon by Iranian security forces.''.
    (b) Elimination of Sunset.--Section 13 of the Iran Sanctions Act of 
1996 (50 U.S.C. 1701 note) is repealed.

SEC. 105. SECTORAL SANCTIONS ON IRAN UNDER THE IRAN FREEDOM AND 
              COUNTER-PROLIFERATION ACT OF 2012.

    (a) Amendments With Respect to Covered Sectors.--
            (1) Subsection (b) of section 1244 of the National Defense 
        Authorization Act for Fiscal Year 2013 (22 U.S.C. 8803) is 
        amended by inserting ``iron, steel, aluminum, copper, 
        construction, manufacturing, mining, textile, petrochemical, 
        automotive, financial'' after ``energy,'' each place it 
        appears.
            (2) Subsection (c) of such section 1244 is amended by 
        inserting ``iron, steel, aluminum, copper, construction, 
        manufacturing, mining, textile, petrochemical, automotive, 
        financial'' after ``energy,'' each place it appears.
    (b) Amendment With Respect To Waiver Authority.--Subsection (i) of 
such section 1244 is amended by adding at the end the following:
            ``(3) Termination.--The authority to issue a waiver under 
        this section shall terminate on the date that is 2 years after 
        the date of the enactment of this paragraph.''.
    (c) Termination of Certain Waivers of Sanctions With Respect to 
Nuclear Activities in or With Iran.--
            (1) Termination.--As of the date of the enactment of this 
        Act, any waiver of the application of sanctions provided for 
        under any of sections 1244 through 1247 of the National Defense 
        Authorization Act for Fiscal Year 2013 (22 U.S.C. 8803 through 
        8806), or provided to enable an activity described in 
        subsection (b), is terminated. The President may not issue a 
        new such waiver for such an activity on or after such date of 
        enactment unless the President makes the certification to 
        Congress pursuant to section 8 of the Iran Sanctions Act of 
        1996 (50 U.S.C. 1701 note) as amended by this Act.
            (2) Activities described.--An activity described in this 
        subsection is a nuclear activity in or with Iran with respect 
        to which a waiver described in subsection (a) was issued in 
        connection with the Joint Comprehensive Plan of Action, 
        including the following:
                    (A) The Arak reactor redesign.
                    (B) The transfer into Iran of enriched uranium for 
                the Tehran Research Reactor.
                    (C) The modification of 2 centrifuge cascades at 
                the Fordow facility for nonsensitive purposes.
            (3) Joint comprehensive plan of action defined.--In this 
        section, the term ``Joint Comprehensive Plan of Action'' means 
        the Joint Comprehensive Plan of Action signed at Vienna on July 
        14, 2015, by Iran and by France, Germany, the Russian 
        Federation, the People's Republic of China, the United Kingdom, 
        and the United States, and all implementing materials and 
        agreements related to the Joint Comprehensive Plan of Action.

SEC. 106. AMENDMENTS TO THE COMPREHENSIVE IRAN SANCTIONS, 
              ACCOUNTABILITY, AND DIVESTMENT ACT OF 2010.

    (a) Amendments to Criteria for Termination.--Section 401 of the 
Comprehensive Iran Sanctions, Accountability, and Divestment Act of 
2010 is amended by adding at the end the following:
    ``(d) Additional Matters To Be Certified.--The certification 
described in subsection (a) shall also include a certification that 
Iran has complied with each of the following:
            ``(1) Declared to the International Atomic Energy Agency a 
        full account of the prior military dimensions of its nuclear 
        program and permanently and verifiably abandons such work in 
        perpetuity.
            ``(2) Stopped enrichment of and never returns to plutonium 
        reprocessing, including by closing its heavy water reactor.
            ``(3) Provided the International Atomic Energy Agency with 
        unqualified access to all sites throughout the entire country.
            ``(4) Ended its proliferation of ballistic missiles and 
        halts further launching or development of nuclear-capable 
        missile systems.
            ``(5) Released all United States citizens, as well as 
        citizens of United States partners and allies, that are 
        unjustly detained and held captive in Iran.
            ``(6) Respected the sovereignty of the Government of Iraq 
        through no longer preventing, hindering, or disrupting any 
        efforts by that Government with regard to the disarming, 
        demobilization and reintegration of Iranian-backed militias in 
        Iraq.
            ``(7) Ended its military support for the Houthi militia 
        (Ansarallah) and worked towards a peaceful, political 
        settlement in Yemen.
            ``(8) Withdrawn all forces under Iran's command throughout 
        the entirety of Syria.
            ``(9) Ended support for the Taliban and other terrorists in 
        Afghanistan and the region and ceased to harbor senior al-Qaeda 
        leaders.
            ``(10) Ended the Islamic Revolutionary Guard Corps' Quds 
        Force's support for terrorists around the world.
            ``(11) Ended its threatening behavior against its 
        neighbors, including its threats to destroy Israel and its 
        firing of missiles at Saudi Arabia and the United Arab 
        Emirates, threats to international shipping, and destructive 
        cyberattacks.
            ``(12) Ceased violently attacking and killing peaceful 
        protesters in Iran, and provided a full accounting for the 1500 
        peaceful protesters reported to be killed in November 2019 when 
        fired upon by Iranian security forces.
    ``(e) Termination of Waiver Authority.--The authority to issue a 
waiver under this section shall terminate on the date that is 2 years 
after the date of the enactment of this subsection.''.
    (b) Listing of Iranian Persons for Human Rights Abuses Committed in 
Other Countries.--Section 105(b)(1) of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 8514) 
is amended by inserting ``, or against the people of Iraq, Syria, 
Lebanon, Yemen, or Venezuela'' before the period at the end.

SEC. 107. CONGRESSIONAL REVIEW OF CERTAIN ACTIONS RELATING TO SANCTIONS 
              IMPOSED WITH RESPECT TO IRAN.

    (a) Submission to Congress of Proposed Action.--
            (1) In general.--Notwithstanding any other provision of 
        law, before taking any action described in paragraph (2), the 
        President shall submit to the appropriate congressional 
        committees and leadership a report that describes the proposed 
        action and the reasons for that action.
            (2) Actions described.--
                    (A) In general.--An action described in this 
                paragraph is--
                            (i) an action to terminate the application 
                        of any sanctions described in subparagraph (B);
                            (ii) with respect to sanctions described in 
                        subparagraph (B) imposed by the President with 
                        respect to a person, an action to waive the 
                        application of those sanctions with respect to 
                        that person; or
                            (iii) a licensing action that significantly 
                        alters United States foreign policy with 
                        respect to Iran.
                    (B) Sanctions described.--The sanctions described 
                in this subparagraph are sanctions with respect to Iran 
                provided for under--
                            (i) the Iran Sanctions Act of 1996 (Public 
                        Law 104-172; 50 U.S.C. 1701 note);
                            (ii) the Comprehensive Iran Sanctions, 
                        Accountability, and Divestment Act of 2010 (22 
                        U.S.C. 8501 et seq.);
                            (iii) section 1245 of the National Defense 
                        Authorization Act for Fiscal Year 2012 (22 
                        U.S.C. 8513a);
                            (iv) the Iran Threat Reduction and Syria 
                        Human Rights Act of 2012 (22 U.S.C. 8701 et 
                        seq.);
                            (v) the Iran Freedom and Counter-
                        Proliferation Act of 2012 (22 U.S.C. 8801 et 
                        seq.);
                            (vi) the International Emergency Economic 
                        Powers Act (50 U.S.C. 1701 note); or
                            (vii) any other statute or Executive order 
                        that requires or authorizes the imposition of 
                        sanctions with respect to Iran.
            (3) Description of type of action.--Each report submitted 
        under paragraph (1) with respect to an action described in 
        paragraph (2) shall include a description of whether the 
        action--
                    (A) is not intended to significantly alter United 
                States foreign policy with respect to Iran; or
                    (B) is intended to significantly alter United 
                States foreign policy with respect to Iran.
            (4) Inclusion of additional matter.--
                    (A) In general.--Each report submitted under 
                paragraph (1) that relates to an action that is 
                intended to significantly alter United States foreign 
                policy with respect to Iran shall include a description 
                of--
                            (i) the significant alteration to United 
                        States foreign policy with respect to Iran;
                            (ii) the anticipated effect of the action 
                        on the national security interests of the 
                        United States; and
                            (iii) the policy objectives for which the 
                        sanctions affected by the action were initially 
                        imposed.
                    (B) Requests from banking and financial services 
                committees.--The Committee on Banking, Housing, and 
                Urban Affairs of the Senate or the Committee on 
                Financial Services of the House of Representatives may 
                request the submission to the Committee of the matter 
                described in clauses (ii) and (iii) of subparagraph (A) 
                with respect to a report submitted under paragraph (1) 
                that relates to an action that is not intended to 
                significantly alter United States foreign policy with 
                respect to Iran.
            (5) Confidentiality of proprietary information.--
        Proprietary information that can be associated with a 
        particular person with respect to an action described in 
        paragraph (2) may be included in a report submitted under 
        paragraph (1) only if the appropriate congressional committees 
        and leadership provide assurances of confidentiality, unless 
        that person otherwise consents in writing to such disclosure.
            (6) Rule of construction.--Paragraph (2)(A)(iii) shall not 
        be construed to require the submission of a report under 
        paragraph (1) with respect to the routine issuance of a license 
        that does not significantly alter United States foreign policy 
        with respect to Iran.
    (b) Period for Review by Congress.--
            (1) In general.--During the period of 30 calendar days 
        beginning on the date on which the President submits a report 
        under subsection (a)(1)--
                    (A) in the case of a report that relates to an 
                action that is not intended to significantly alter 
                United States foreign policy with respect to Iran, the 
                Committee on Banking, Housing, and Urban Affairs of the 
                Senate and the Committee on Financial Services of the 
                House of Representatives should, as appropriate, hold 
                hearings and briefings and otherwise obtain information 
                in order to fully review the report; and
                    (B) in the case of a report that relates to an 
                action that is intended to significantly alter United 
                States foreign policy with respect to Iran, the 
                Committee on Foreign Relations of the Senate and the 
                Committee on Foreign Affairs of the House of 
                Representatives should, as appropriate, hold hearings 
                and briefings and otherwise obtain information in order 
                to fully review the report.
            (2) Exception.--The period for congressional review under 
        paragraph (1) of a report required to be submitted under 
        subsection (a)(1) shall be 60 calendar days if the report is 
        submitted on or after July 10 and on or before September 7 in 
        any calendar year.
            (3) Limitation on actions during initial congressional 
        review period.--Notwithstanding any other provision of law, 
        during the period for congressional review provided for under 
        paragraph (1) of a report submitted under subsection (a)(1) 
        proposing an action described in subsection (a)(2), including 
        any additional period for such review as applicable under the 
        exception provided in paragraph (2), the President may not take 
        that action unless a joint resolution of approval with respect 
        to that action is enacted in accordance with subsection (c).
            (4) Limitation on actions during presidential consideration 
        of a joint resolution of disapproval.--Notwithstanding any 
        other provision of law, if a joint resolution of disapproval 
        relating to a report submitted under subsection (a)(1) 
        proposing an action described in subsection (a)(2) passes both 
        Houses of Congress in accordance with subsection (c), the 
        President may not take that action for a period of 12 calendar 
        days after the date of passage of the joint resolution of 
        disapproval.
            (5) Limitation on actions during congressional 
        reconsideration of a joint resolution of disapproval.--
        Notwithstanding any other provision of law, if a joint 
        resolution of disapproval relating to a report submitted under 
        subsection (a)(1) proposing an action described in subsection 
        (a)(2) passes both Houses of Congress in accordance with 
        subsection (c), and the President vetoes the joint resolution, 
        the President may not take that action for a period of 10 
        calendar days after the date of the President's veto.
            (6) Effect of enactment of a joint resolution of 
        disapproval.--Notwithstanding any other provision of law, if a 
        joint resolution of disapproval relating to a report submitted 
        under subsection (a)(1) proposing an action described in 
        subsection (a)(2) is enacted in accordance with subsection (c), 
        the President may not take that action.
    (c) Joint Resolutions of Disapproval or Approval.--
            (1) Definitions.--In this subsection:
                    (A) Joint resolution of approval.--The term ``joint 
                resolution of approval'' means only a joint resolution 
                of either House of Congress--
                            (i) the title of which is as follows: ``A 
                        joint resolution approving the President's 
                        proposal to take an action relating to the 
                        application of certain sanctions with respect 
                        to Iran.''; and
                            (ii) the sole matter after the resolving 
                        clause of which is the following: ``Congress 
                        approves of the action relating to the 
                        application of sanctions imposed with respect 
                        to Iran proposed by the President in the report 
                        submitted to Congress under section 2(a)(1) of 
                        the Iran Sanctions Relief Review Act of 2021 on 
                        _______ relating to ________.'', with the first 
                        blank space being filled with the appropriate 
                        date and the second blank space being filled 
                        with a short description of the proposed 
                        action.
                    (B) Joint resolution of disapproval.--The term 
                ``joint resolution of disapproval'' means only a joint 
                resolution of either House of Congress--
                            (i) the title of which is as follows: ``A 
                        joint resolution disapproving the President's 
                        proposal to take an action relating to the 
                        application of certain sanctions with respect 
                        to Iran.''; and
                            (ii) the sole matter after the resolving 
                        clause of which is the following: ``Congress 
                        disapproves of the action relating to the 
                        application of sanctions imposed with respect 
                        to Iran proposed by the President in the report 
                        submitted to Congress under section 2(a)(1) of 
                        the Iran Sanctions Relief Review Act of 2021 on 
                        _______ relating to ________.'', with the first 
                        blank space being filled with the appropriate 
                        date and the second blank space being filled 
                        with a short description of the proposed 
                        action.
            (2) Introduction.--During the period of 30 calendar days 
        provided for under subsection (b)(1), including any additional 
        period as applicable under the exception provided in subsection 
        (b)(2), a joint resolution of approval or joint resolution of 
        disapproval may be introduced--
                    (A) in the House of Representatives, by the 
                majority leader or the minority leader; and
                    (B) in the Senate, by the majority leader (or the 
                majority leader's designee) or the minority leader (or 
                the minority leader's designee).
            (3) Floor consideration in house of representatives.--If a 
        committee of the House of Representatives to which a joint 
        resolution of approval or joint resolution of disapproval has 
        been referred has not reported the joint resolution within 10 
        calendar days after the date of referral, that committee shall 
        be discharged from further consideration of the joint 
        resolution.
            (4) Consideration in the senate.--
                    (A) Committee referral.--A joint resolution of 
                approval or joint resolution of disapproval introduced 
                in the Senate shall be--
                            (i) referred to the Committee on Banking, 
                        Housing, and Urban Affairs if the joint 
                        resolution relates to a report under subsection 
                        (a)(3)(A) that relates to an action that is not 
                        intended to significantly alter United States 
                        foreign policy with respect to Iran; and
                            (ii) referred to the Committee on Foreign 
                        Relations if the joint resolution relates to a 
                        report under subsection (a)(3)(B) that relates 
                        to an action that is intended to significantly 
                        alter United States foreign policy with respect 
                        to Iran.
                    (B) Reporting and discharge.--If the committee to 
                which a joint resolution of approval or joint 
                resolution of disapproval was referred has not reported 
                the joint resolution within 10 calendar days after the 
                date of referral of the joint resolution, that 
                committee shall be discharged from further 
                consideration of the joint resolution and the joint 
                resolution shall be placed on the appropriate calendar.
                    (C) Proceeding to consideration.--Notwithstanding 
                Rule XXII of the Standing Rules of the Senate, it is in 
                order at any time after the Committee on Banking, 
                Housing, and Urban Affairs or the Committee on Foreign 
                Relations, as the case may be, reports a joint 
                resolution of approval or joint resolution of 
                disapproval to the Senate or has been discharged from 
                consideration of such a joint resolution (even though a 
                previous motion to the same effect has been disagreed 
                to) to move to proceed to the consideration of the 
                joint resolution, and all points of order against the 
                joint resolution (and against consideration of the 
                joint resolution) are waived. The motion to proceed is 
                not debatable. The motion is not subject to a motion to 
                postpone. A motion to reconsider the vote by which the 
                motion is agreed to or disagreed to shall not be in 
                order.
                    (D) Rulings of the chair on procedure.--Appeals 
                from the decisions of the Chair relating to the 
                application of the rules of the Senate, as the case may 
                be, to the procedure relating to a joint resolution of 
                approval or joint resolution of disapproval shall be 
                decided without debate.
                    (E) Consideration of veto messages.--Debate in the 
                Senate of any veto message with respect to a joint 
                resolution of approval or joint resolution of 
                disapproval, including all debatable motions and 
                appeals in connection with the joint resolution, shall 
                be limited to 10 hours, to be equally divided between, 
                and controlled by, the majority leader and the minority 
                leader or their designees.
            (5) Rules relating to senate and house of 
        representatives.--
                    (A) Treatment of senate joint resolution in 
                house.--In the House of Representatives, the following 
                procedures shall apply to a joint resolution of 
                approval or a joint resolution of disapproval received 
                from the Senate (unless the House has already passed a 
                joint resolution relating to the same proposed action):
                            (i) The joint resolution shall be referred 
                        to the appropriate committees.
                            (ii) If a committee to which a joint 
                        resolution has been referred has not reported 
                        the joint resolution within 2 calendar days 
                        after the date of referral, that committee 
                        shall be discharged from further consideration 
                        of the joint resolution.
                            (iii) Beginning on the third legislative 
                        day after each committee to which a joint 
                        resolution has been referred reports the joint 
                        resolution to the House or has been discharged 
                        from further consideration thereof, it shall be 
                        in order to move to proceed to consider the 
                        joint resolution in the House. All points of 
                        order against the motion are waived. Such a 
                        motion shall not be in order after the House 
                        has disposed of a motion to proceed on the 
                        joint resolution. The previous question shall 
                        be considered as ordered on the motion to its 
                        adoption without intervening motion. The motion 
                        shall not be debatable. A motion to reconsider 
                        the vote by which the motion is disposed of 
                        shall not be in order.
                            (iv) The joint resolution shall be 
                        considered as read. All points of order against 
                        the joint resolution and against its 
                        consideration are waived. The previous question 
                        shall be considered as ordered on the joint 
                        resolution to final passage without intervening 
                        motion except 2 hours of debate equally divided 
                        and controlled by the sponsor of the joint 
                        resolution (or a designee) and an opponent. A 
                        motion to reconsider the vote on passage of the 
                        joint resolution shall not be in order.
                    (B) Treatment of house joint resolution in 
                senate.--
                            (i) Receipt before passage.--If, before the 
                        passage by the Senate of a joint resolution of 
                        approval or joint resolution of disapproval, 
                        the Senate receives an identical joint 
                        resolution from the House of Representatives, 
                        the following procedures shall apply:
                                    (I) That joint resolution shall not 
                                be referred to a committee.
                                    (II) With respect to that joint 
                                resolution--
                                            (aa) the procedure in the 
                                        Senate shall be the same as if 
                                        no joint resolution had been 
                                        received from the House of 
                                        Representatives; but
                                            (bb) the vote on passage 
                                        shall be on the joint 
                                        resolution from the House of 
                                        Representatives.
                            (ii) Receipt after passage.--If, following 
                        passage of a joint resolution of approval or 
                        joint resolution of disapproval in the Senate, 
                        the Senate receives an identical joint 
                        resolution from the House of Representatives, 
                        that joint resolution shall be placed on the 
                        appropriate Senate calendar.
                            (iii) No companion measure.--If a joint 
                        resolution of approval or a joint resolution of 
                        disapproval is received from the House, and no 
                        companion joint resolution has been introduced 
                        in the Senate, the Senate procedures under this 
                        subsection shall apply to the House joint 
                        resolution.
                    (C) Application to revenue measures.--The 
                provisions of this paragraph shall not apply in the 
                House of Representatives to a joint resolution of 
                approval or joint resolution of disapproval that is a 
                revenue measure.
            (6) Rules of house of representatives and senate.--This 
        subsection is enacted by Congress--
                    (A) as an exercise of the rulemaking power of the 
                Senate and the House of Representatives, respectively, 
                and as such is deemed a part of the rules of each 
                House, respectively, and supersedes other rules only to 
                the extent that it is inconsistent with such rules; and
                    (B) with full recognition of the constitutional 
                right of either House to change the rules (so far as 
                relating to the procedure of that House) at any time, 
                in the same manner, and to the same extent as in the 
                case of any other rule of that House.
    (d) Appropriate Congressional Committees and Leadership Defined.--
In this section, the term ``appropriate congressional committees and 
leadership'' means--
            (1) the Committee on Financial Services, the Committee on 
        Foreign Affairs, and the Speaker, the majority leader, and the 
        minority leader of the House of Representatives; and
            (2) the Committee on Banking, Housing, and Urban Affairs, 
        the Committee on Foreign Relations, and the majority and 
        minority leaders of the Senate.

SEC. 108. CLARIFICATION OF GUIDANCE RELATING TO IRAN'S SHIPPING SECTOR.

    (a) In General.--The President shall direct the Office of Foreign 
Asset Control of the Department of the Treasury to issue regulations 
and guidance expanding the list of services constituting ``significant 
support'' to the shipping sector of Iran to include--
            (1) port authorities;
            (2) importing agents;
            (3) management firms;
            (4) charterers;
            (5) operators;
            (6) marine insurers;
            (7) classification societies; and
            (8) all other maritime services providers.
    (b) Additional Update of Advisory.--The President shall also direct 
the Secretary of State, the Secretary of the Treasury, and the Coast 
Guard to update the ``Sanctions Advisory for the Maritime Industry, 
Energy and Metals Sectors, and Related communities'' issued on May 14, 
2020, in accordance with the expanded definition of ``significant 
support to the shipping sector'' promulgated in accordance with 
subsection (a).

SEC. 109. SUNSET OF WAIVER AND LICENSE AUTHORITIES.

    (a) In General.--The President's authority to issue waivers or 
licenses to sanctions pursuant to sections 203 and 205 of the 
International Emergency Economic Powers Act of 1976 with regard to 
sanctions required or authorized by legislation or Executive orders 
described in subsection (b), and any waivers or licenses issued 
pursuant to such legislation or Executive orders, shall cease to apply 
2 years after the date of enactment of this Act.
    (b) Sanctions Described.--The sanctions required or authorized by 
legislation and Executive orders include the following:
            (1) This Act, and the amendments made by this Act.
            (2) The Iran Sanctions Act of 1996 (Public Law 104-172; 50 
        U.S.C. 1701 note).
            (3) The Comprehensive Iran Sanctions, Accountability, and 
        Divestment Act of 2010 (22 U.S.C. 8501 et seq.).
            (4) Section 1245 of the National Defense Authorization Act 
        for Fiscal Year 2012 (22 U.S.C. 8513a).
            (5) The Iran Threat Reduction and Syria Human Rights Act of 
        2012 (22 U.S.C. 8701 et seq.).
            (6) The Iran Freedom and Counter-Proliferation Act of 2012 
        (22 U.S.C. 8801 et seq.).
            (7) The International Emergency Economic Powers Act (50 
        U.S.C. 1701 note).
            (8) Any other statute or Executive order that requires or 
        authorizes the imposition of sanctions with respect to Iran.

SEC. 110. CODIFICATION AND APPLICATION ON TRANSFERS OF FUNDS INVOLVING 
              IRAN.

    (a) Codification and Prohibition of Transfers of Funds Involving 
Iran.--
            (1) Codification of regulations.--Notwithstanding sections 
        203 and 205 of the International Emergency Economic Powers Act 
        (50 U.S.C. 1702 and 1704), section 560.516 of title 31, Code of 
        Federal Regulations, as in effect on January 1, 2021, shall 
        apply with respect to transfers of funds to or from Iran, or 
        for the direct or indirect benefit of an Iranian person or the 
        Government of Iran, for the period beginning on or after such 
        date of enactment and ending on the date on which the President 
        makes the certification to Congress under section 8 of the Iran 
        Sanctions Act of 1996 (50 U.S.C. 1701 note) as amended by this 
        Act.
            (2) Additional prohibition.--Notwithstanding section 302 of 
        this Act or sections 203 and 205 of the International Emergency 
        Economic Powers Act (50 U.S.C. 1702 and 1704)--
                    (A) the regulations prohibiting the debiting or 
                crediting of an Iranian account in section 560.516 of 
                title 31, Code of Federal Regulations, as in effect on 
                January 1, 2021, and codified in paragraph (1) shall 
                apply to foreign financial institutions if the 
                transaction or transactions is conducted in the legal 
                tender of the United States; and
                    (B) United States financial institutions shall be 
                prohibited from engaging in a significant transaction 
                or transactions, including purchasing or selling 
                foreign exchange with large-value payment systems, with 
                a foreign financial institution that violates the 
                regulations and prohibitions described in subparagraph 
                (A).
            (3) Rule of construction.--With the exception of paragraph 
        (4), the President may not issue a license to permit a 
        transaction or transactions under this subsection.
            (4) Suspension.--The President may suspend the prohibition 
        in paragraph (2) for a period not to exceed 180 days, and may 
        renew the suspension for additional periods of not more than 
        180 days, on and after the date on which the President provides 
        to the appropriate congressional committees the certification 
        required in section 8 of the Iran Sanctions Act of 1996 (50 
        U.S.C. 1701 note) as amended by this Act.

SEC. 111. APPLICABILITY OF CONGRESSIONAL REVIEW OF CERTAIN AGENCY 
              RULEMAKING RELATING TO IRAN.

    (a) In General.--Notwithstanding any other provision of law, any 
rule to amend or otherwise alter a covered regulatory provision as 
defined in subsection (c) that is published on or after the date of the 
enactment of this Act shall be deemed to be a rule or major rule (as 
the case may be) for purposes of chapter 8 of title 5, United States 
Code, and shall be subject to all applicable requirements of chapter 8 
of title 5, United States Code.
    (b) Quarterly Reports.--Not later than 60 days after the date of 
the enactment of this Act, and every 90 days thereafter, the head of 
the applicable department or agency of the Federal Government shall 
submit to the appropriate congressional committees a report on the 
operation of the licensing system under each covered regulatory 
provision as defined in subsection (c) for the preceding 2-year period, 
including--
            (1) the number and types of licenses applied for;
            (2) the number and types of licenses approved;
            (3) a summary of each license approved;
            (4) a summary of transactions conducted pursuant to a 
        general license;
            (5) the average amount of time elapsed from the date of 
        filing of a license application until the date of its approval;
            (6) the extent to which the licensing procedures were 
        effectively implemented; and
            (7) a description of comments received from interested 
        parties about the extent to which the licensing procedures were 
        effective, after the applicable department or agency holds a 
        public 30-day comment period.
    (c) Definition.--In this section, the term ``covered regulatory 
provision'' means any provision of part 535, 560, 561, or 1060 of title 
31, Code of Federal Regulations, and in EAR 742 and 746 related to 
Iran, as such parts were in effect on the date of enactment of this 
Act.

SEC. 112. STRICT LIABILITY OF PARENT COMPANIES AND FOREIGN SUBSIDIARIES 
              FOR VIOLATIONS OF FOREIGN CORRUPT PRACTICES ACT OF 1977.

    Section 218 of the Iran Threat Reduction and Syria Human Rights Act 
of 2012 (22 U.S.C. 8725) is amended by adding at the end the following:
    ``(e) Strict Liability of Parent Companies and Foreign Subsidiaries 
for Violations of Foreign Corrupt Practices Act of 1977.--The President 
shall prohibit a United States person or an entity owned, controlled, 
or beneficially owned by a United States person and established or 
maintained outside the United States from 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 is 
authorized pursuant to a general license under part 560 of title 31, 
Code of Federal Regulations if the transaction were engaged in by a 
United States person or in the United States and would violate any 
provision of the Foreign Corrupt Practices Act of 1977.''.

SEC. 113. EXPANSION OF SANCTIONS WITH RESPECT TO EFFORTS BY IRAN TO 
              ACQUIRE BALLISTIC MISSILE AND RELATED TECHNOLOGY.

    (a) Certain Persons.--Section 1604(a) of the Iran-Iraq Arms Non-
Proliferation Act of 1992 (Public Law 102-484; 50 U.S.C. 1701 note) is 
amended by inserting ``, to acquire ballistic missile or related 
technology,'' after ``nuclear weapons''.
    (b) Foreign Countries.--Section 1605(a) of the Iran-Iraq Arms Non-
Proliferation Act of 1992 (Public Law 102-484; 50 U.S.C. 1701 note) is 
amended, in the matter preceding paragraph (1), by inserting ``, to 
acquire ballistic missile or related technology,'' after ``nuclear 
weapons''.

SEC. 114. EXPANSION OF SANCTIONS UNDER IRAN SANCTIONS ACT OF 1996 WITH 
              RESPECT TO PERSONS THAT ACQUIRE OR DEVELOP BALLISTIC 
              MISSILES.

    Section 5(b)(1)(B) of the Iran Sanctions Act of 1996 (Public Law 
104-172; 50 U.S.C. 1701 note) is amended--
            (1) in clause (i), by striking ``would likely'' and 
        inserting ``may''; and
            (2) in clause (ii)--
                    (A) in subclause (I), by striking ``; or'' and 
                inserting a semicolon;
                    (B) by redesignating subclause (II) as subclause 
                (III); and
                    (C) by inserting after subclause (I) the following:
                    ``(II) acquire or develop ballistic missiles and 
                the capability to launch ballistic missiles; or''.

SEC. 115. IMPOSITION OF SANCTIONS WITH RESPECT TO BALLISTIC MISSILE 
              PROGRAM OF IRAN.

    (a) In General.--Title II of the Iran Threat Reduction and Syria 
Human Rights Act of 2012 (22 U.S.C. 8721 et seq.) is amended by adding 
at the end the following:

  ``Subtitle C--Measures Relating To Ballistic Missile Program Of Iran

``SEC. 231. DEFINITIONS.

    ``(a) In General.--In this subtitle:
            ``(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) Appropriate congressional committees.--The term 
        `appropriate congressional committees' means the committees 
        specified in section 14(2) of the Iran Sanctions Act of 1996 
        (Public Law 104-172; 50 U.S.C. 1701 note).
            ``(3) Correspondent account; payable-through account.--The 
        terms `correspondent account' and `payable-through account' 
        have the meanings given those terms in section 5318A of title 
        31, United States Code.
            ``(4) 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) of the Comprehensive Iran Sanctions, Accountability, and 
        Divestment Act of 2010 (22 U.S.C. 8513(i)).
            ``(5) Government.--The term `Government', with respect to a 
        foreign country, includes any agencies or instrumentalities of 
        that Government and any entities controlled by that Government.
            ``(6) 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).
            ``(7) 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).
    ``(b) Determinations of Significance.--For purposes of this 
subtitle, in determining if financial transactions or financial 
services are significant, the President may consider the totality of 
the facts and circumstances, including factors similar to the factors 
set forth in section 561.404 of title 31, Code of Federal Regulations 
(or any corresponding similar regulation or ruling).

``SEC. 232. IMPOSITION OF SANCTIONS WITH RESPECT TO PERSONS THAT 
              SUPPORT THE BALLISTIC MISSILE PROGRAM OF IRAN.

    ``(a) Identification of Persons.--
            ``(1) In general.--Not later than 120 days after the date 
        of the enactment of the Maximum Pressure Act, and not less 
        frequently than once every 180 days thereafter, the President 
        shall submit to the appropriate congressional committees a 
        report identifying persons that have provided material support 
        to the Government of Iran in the development of the ballistic 
        missile program or drone program of Iran.
            ``(2) Elements.--Each report required by paragraph (1) 
        shall include the following:
                    ``(A) An identification of persons (disaggregated 
                by Iranian and non-Iranian persons) with respect to 
                which there is credible evidence that such persons have 
                provided material support to the Government of Iran in 
                the development of the ballistic missile program or 
                drone program of Iran, including persons that have--
                            ``(i) engaged in the direct or indirect 
                        provision of material support to such programs;
                            ``(ii) facilitated, supported, or engaged 
                        in activities to further the development of 
                        such programs;
                            ``(iii) transmitted information relating to 
                        ballistic missiles or drones to the Government 
                        of Iran; or
                            ``(iv) otherwise aided such programs.
                    ``(B) A description of the character and 
                significance of the cooperation of each person 
                identified under subparagraph (A) with the Government 
                of Iran with respect to such programs.
                    ``(C) An assessment of the cooperation of the 
                Government of the Democratic People's Republic of Korea 
                with the Government of Iran with respect to such 
                programs.
            ``(3) Classified annex.--Each report required by paragraph 
        (1) shall be submitted in unclassified form, but may contain a 
        classified annex.
    ``(b) Blocking of Property.--Not later than 15 days after 
submitting a report required by subsection (a)(1), the President shall, 
in accordance with 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 any person specified in such 
report that engages in activities described in subsection (a) 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.
    ``(c) Exclusion From United States.--
            ``(1) In general.--Except as provided in 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 subject to blocking of property and interests in property 
        under subsection (b).
            ``(2) Compliance with united nations headquarters 
        agreement.--Paragraph (1) shall not apply to the head of state 
        of Iran, or necessary staff of that head of state, if admission 
        to the United States is necessary to permit the United States 
        to comply with the Agreement regarding the Headquarters of the 
        United Nations, signed at Lake Success June 26, 1947, and 
        entered into force November 21, 1947, between the United 
        Nations and the United States.
    ``(d) Facilitation of Certain Transactions.--The President shall 
prohibit the opening, and prohibit or impose strict conditions on the 
maintaining, in the United States of a correspondent account or a 
payable-through account by a foreign financial institution that the 
President determines knowingly, on or after the date that is 180 days 
after the date of the enactment of the Maximum Pressure Act, conducts 
or facilitates a significant financial transaction for a person subject 
to blocking of property and interests in property under subsection (b).

``SEC. 233. BLOCKING OF PROPERTY OF PERSONS AFFILIATED WITH CERTAIN 
              IRANIAN ENTITIES.

    ``(a) Blocking of Property.--
            ``(1) In general.--The President shall, in accordance with 
        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 any person described in paragraph 
        (2) 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.
            ``(2) Persons described.--A person described in this 
        paragraph is--
                    ``(A) an entity that is owned or controlled--
                            ``(i) by the Aerospace Industries 
                        Organization, the Shahid Hemmat Industrial 
                        Group, the Shahid Bakeri Industrial Group, or 
                        any agent or affiliate of such organization or 
                        group; or
                            ``(ii) collectively by a group of 
                        individuals that hold an interest in the 
                        Aerospace Industries Organization, the Shahid 
                        Hemmat Industrial Group, the Shahid Bakeri 
                        Industrial Group, or any agent or affiliate of 
                        such organization or group, even if none of 
                        those individuals hold a 25 percent or greater 
                        interest in the entity; or
                    ``(B) a person that owns or controls an entity 
                described in subparagraph (A).
    ``(b) Facilitation of Certain Transactions.--The President shall 
prohibit the opening, and prohibit or impose strict conditions on the 
maintaining, in the United States of a correspondent account or a 
payable-through account by a foreign financial institution that the 
President determines knowingly, on or after the date that is 180 days 
after the date of the enactment of the Maximum Pressure Act, conducts 
or facilitates a significant financial transaction for a person subject 
to blocking of property and interests in property under subsection (a).
    ``(c) Iran Missile Proliferation Watch List.--
            ``(1) In general.--Not later than 90 days after the date of 
        the enactment of the Maximum Pressure Act, and not less 
        frequently than annually thereafter, the Secretary of the 
        Treasury shall submit to the appropriate congressional 
        committees and publish in the Federal Register a list of--
                    ``(A) each entity in which the Aerospace Industries 
                Organization, the Shahid Hemmat Industrial Group, the 
                Shahid Bakeri Industrial Group, or any agent or 
                affiliate of such organization or group has an 
                ownership interest of more than 0 percent and less than 
                25 percent;
                    ``(B) each entity in which the Aerospace Industries 
                Organization, the Shahid Hemmat Industrial Group, the 
                Shahid Bakeri Industrial Group, or any agent or 
                affiliate of such organization or group does not have 
                an ownership interest but maintains a presence on the 
                board of directors of the entity or otherwise 
                influences the actions, policies, or personnel 
                decisions of the entity; and
                    ``(C) each person that owns or controls an entity 
                described in subparagraph (A) or (B).
            ``(2) Reference.--The list required by paragraph (1) may be 
        referred to as the `Iran Missile Proliferation Watch List'.
    ``(d) Comptroller General Report.--
            ``(1) In general.--The Comptroller General of the United 
        States shall--
                    ``(A) conduct a review of each list required by 
                subsection (c)(1); and
                    ``(B) not later than 180 days after each such list 
                is submitted to the appropriate congressional 
                committees under that subsection, submit to the 
                appropriate congressional committees a report on the 
                review conducted under subparagraph (A) that includes a 
                list of persons not included in that list that qualify 
                for inclusion in that list, as determined by the 
                Comptroller General.
            ``(2) Consultations.--In preparing the report required by 
        paragraph (1)(B), the Comptroller General shall consult with 
        nongovernmental organizations.

``SEC. 234. IMPOSITION OF SANCTIONS WITH RESPECT TO CERTAIN PERSONS 
              INVOLVED IN BALLISTIC MISSILE ACTIVITIES.

    ``(a) Certification.--Not later than 120 days after the date of the 
enactment of the Maximum Pressure Act, and not less frequently than 
once every 180 days thereafter, the President shall submit to the 
appropriate congressional committees a certification that each person 
listed in an annex of United Nations Security Council Resolution 1737 
(2006), 1747 (2007), or 1929 (2010) is not directly or indirectly 
facilitating, supporting, or involved with the development of or 
transfer to Iran of ballistic missiles or technology, parts, 
components, or technology information relating to ballistic missiles.
    ``(b) Blocking of Property.--If the President is unable to make a 
certification under subsection (a) with respect to a person and the 
person is not currently subject to sanctions with respect to Iran under 
any other provision of law, the President shall, not later than 15 days 
after that certification would have been required under that 
subsection--
            ``(1) in accordance with 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 that 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; and
            ``(2) publish in the Federal Register a report describing 
        the reason why the President was unable to make a certification 
        with respect to that person.
    ``(c) Exclusion From United States.--
            ``(1) In general.--Except as provided in 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 subject to blocking of property and interests in property 
        under subsection (b).
            ``(2) Compliance with united nations headquarters 
        agreement.--Paragraph (1) shall not apply to the head of state 
        of Iran, or necessary staff of that head of state, if admission 
        to the United States is necessary to permit the United States 
        to comply with the Agreement regarding the Headquarters of the 
        United Nations, signed at Lake Success June 26, 1947, and 
        entered into force November 21, 1947, between the United 
        Nations and the United States.
    ``(d) Facilitation of Certain Transactions.--The President shall 
prohibit the opening, and prohibit or impose strict conditions on the 
maintaining, in the United States of a correspondent account or a 
payable-through account by a foreign financial institution that the 
President determines knowingly, on or after the date that is 180 days 
after the date of the enactment of the Maximum Pressure Act, conducts 
or facilitates a significant financial transaction for a person subject 
to blocking of property and interests in property under subsection (b).

``SEC. 235. IMPOSITION OF SANCTIONS WITH RESPECT TO CERTAIN SECTORS OF 
              IRAN THAT SUPPORT THE BALLISTIC MISSILE PROGRAM OF IRAN.

    ``(a) List of Sectors.--
            ``(1) In general.--Not later than 120 days after the date 
        of the enactment of the Maximum Pressure Act, and not less 
        frequently than once every 180 days thereafter, the President 
        shall submit to the appropriate congressional committees and 
        publish in the Federal Register a list of the sectors of the 
        economy of Iran that are directly or indirectly facilitating, 
        supporting, or involved with the development of or transfer to 
        Iran of ballistic missiles or technology, parts, components, or 
        technology information relating to ballistic missiles.
            ``(2) Certain sectors.--
                    ``(A) In general.--Not later than 120 days after 
                the date of enactment of the Maximum Pressure Act, the 
                President shall submit to the appropriate congressional 
                committees a determination as to whether each of the 
                chemical, computer science, construction, electronic, 
                metallurgy, mining, research (including universities 
                and research institutions), and telecommunications 
                sectors of Iran meet the criteria specified in 
                paragraph (1).
                    ``(B) Inclusion in initial list.--If the President 
                determines under subparagraph (A) that the sectors of 
                the economy of Iran specified in such subparagraph meet 
                the criteria specified in paragraph (1), that sector 
                shall be included in the initial list submitted and 
                published under that paragraph.
    ``(b) Sanctions With Respect to Specified Sectors of Iran.--
            ``(1) Blocking of property.--The President shall, in 
        accordance with 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 any person 
        described in paragraph (4) 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.
            ``(2) Exclusion from united states.--
                    ``(A) In general.--Except as provided in 
                subparagraph (B), the Secretary of State shall deny a 
                visa to, and the Secretary of Homeland Security shall 
                exclude from the United States, any alien that is a 
                person described in paragraph (4).
                    ``(B) Compliance with united nations headquarters 
                agreement.--Subparagraph (A) shall not apply to the 
                head of state of Iran, or necessary staff of that head 
                of state, if admission to the United States is 
                necessary to permit the United States to comply with 
                the Agreement regarding the Headquarters of the United 
                Nations, signed at Lake Success June 26, 1947, and 
                entered into force November 21, 1947, between the 
                United Nations and the United States.
            ``(3) Facilitation of certain transactions.--Except as 
        provided in this section, the President shall prohibit the 
        opening, and prohibit or impose strict conditions on the 
        maintaining, in the United States of a correspondent account or 
        a payable-through account by a foreign financial institution 
        that the President determines knowingly, on or after the date 
        that is 180 days after the date of the enactment of the Maximum 
        Pressure Act, conducts or facilitates a significant financial 
        transaction for a person described in paragraph (4).
            ``(4) Persons described.--A person is described in this 
        paragraph if the President determines that the person, on or 
        after the date that is 180 days after the date of the enactment 
        of the Maximum Pressure Act--
                    ``(A) operates in a sector of the economy of Iran 
                included in the most recent list published by the 
                President under subsection (a);
                    ``(B) knowingly provides significant financial, 
                material, technological, or other support to, or goods 
                or services in support of, any activity or transaction 
                on behalf of or for the benefit of a person described 
                in subparagraph (A); or
                    ``(C) is owned or controlled by a person described 
                in subparagraph (A).
    ``(c) Humanitarian Exception.--The President may not impose 
sanctions under this section with respect to any person for conducting 
or facilitating a transaction for the sale of agricultural commodities, 
food, medicine, or medical devices to Iran or for the provision of 
humanitarian assistance to the people of Iran.

``SEC. 236. IDENTIFICATION OF FOREIGN PERSONS THAT SUPPORT THE 
              BALLISTIC MISSILE PROGRAM OF IRAN IN CERTAIN SECTORS OF 
              IRAN.

    ``(a) In General.--Not later than 120 days after the date of the 
enactment of the Maximum Pressure Act, and not less frequently than 
annually thereafter, the President shall submit to the appropriate 
congressional committees and publish in the Federal Register a list of 
all foreign persons that have, based on credible information, directly 
or indirectly facilitated, supported, or been involved with the 
development of ballistic missiles or technology, parts, components, or 
technology information related to ballistic missiles in the following 
sectors of the economy of Iran during the period specified in 
subsection (b):
            ``(1) Chemical.
            ``(2) Computer Science.
            ``(3) Construction.
            ``(4) Electronic.
            ``(5) Metallurgy.
            ``(6) Mining.
            ``(7) Petrochemical.
            ``(8) Research (including universities and research 
        institutions).
            ``(9) Telecommunications.
            ``(10) Any other sector of the economy of Iran identified 
        under section 235(a).
    ``(b) Period Specified.--The period specified in this subsection 
is--
            ``(1) with respect to the first list submitted under 
        subsection (a), the period beginning on the date of the 
        enactment of the Maximum Pressure Act and ending on the date 
        that is 120 days after such date of enactment; and
            ``(2) with respect to each subsequent list submitted under 
        such subsection, the one year period preceding the submission 
        of the list.
    ``(c) Comptroller General Report.--
            ``(1) In general.--With respect to each list submitted 
        under subsection (a), not later than 120 days after the list is 
        submitted under that subsection, the Comptroller General of the 
        United States shall submit to the appropriate congressional 
        committees--
                    ``(A) an assessment of the processes followed by 
                the President in preparing the list;
                    ``(B) an assessment of the foreign persons included 
                in the list; and
                    ``(C) a list of persons not included in the list 
                that qualify for inclusion in the list, as determined 
                by the Comptroller General.
            ``(2) Consultations.--In preparing the report required by 
        paragraph (1), the Comptroller General shall consult with 
        nongovernmental organizations.
    ``(d) Credible Information Defined.--In this section, the term 
`credible information' 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).''.

SEC. 116. MANDATORY SANCTIONS WITH RESPECT TO FINANCIAL INSTITUTIONS 
              THAT ENGAGE IN CERTAIN TRANSACTIONS ON BEHALF OF PERSONS 
              INVOLVED IN HUMAN RIGHTS ABUSES OR THAT EXPORT SENSITIVE 
              TECHNOLOGY TO IRAN.

    (a) In General.--Section 104(c)(2) of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 
8513(c)(2)) is amended--
            (1) in subparagraph (D), by striking ``or'' at the end;
            (2) in subparagraph (E), by striking the period at the end 
        and inserting ``; or''; and
            (3) by adding at the end the following:
                    ``(F) facilitates a significant transaction or 
                transactions or provides significant financial services 
                for a person that is subject to sanctions under section 
                105(c), 105A(c), 105B(c), or 105C(a);''.
    (b) Effective Date.--The amendments made by subsection (a) take 
effect on the date of the enactment of this Act and apply with respect 
to any activity described in subparagraph (F) of section 104(c)(2) of 
the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 
2010, as added by subsection (a)(3), initiated on or after the date 
that is 90 days after such date of enactment.
    (c) Regulations.--Not later than 90 days after the date of the 
enactment of this Act, the Secretary of the Treasury shall prescribe 
regulations to carry out the amendments made by subsection (a).

SEC. 117. ADDITIONAL SANCTIONS WITH RESPECT TO FOREIGN PERSONS THAT 
              SUPPORT OR CONDUCT CERTAIN TRANSACTIONS WITH IRAN'S 
              REVOLUTIONARY GUARD CORPS OR OTHER SANCTIONED PERSONS.

    (a) Identification.--Section 302(a)(1) of the Iran Threat Reduction 
and Syria Human Rights Act of 2012 (22 U.S.C. 8742(a)(1)) is amended--
            (1) in the matter preceding subparagraph (A), by striking 
        ``Not later than 90 days after the date of the enactment of 
        this Act, and every 180 days thereafter,'' and inserting ``Not 
        later than 60 days after the date of the enactment of the 
        Maximum Pressure Act, and every 60 days thereafter,'';
            (2) in subparagraph (B), by inserting ``, provide 
        significant financial services to, or provide material support 
        to'' after ``transactions with''; and
            (3) in subparagraph (C)--
                    (A) in the matter preceding clause (i), by 
                inserting ``, provide significant financial services 
                to, or provide material support to'' after 
                ``transactions with'';
                    (B) in clause (i), by striking ``or'' at the end;
                    (C) in clause (ii), by striking the period at the 
                end and inserting a semicolon; and
                    (D) by inserting after clause (i) the following:
                            ``(iii) a person designated as a foreign 
                        terrorist organization under section 219(a) of 
                        the Immigration and Nationality Act (8 U.S.C. 
                        1189(a)) or that has provided support for an 
                        act of international terrorism (as defined in 
                        section 14 of the Iran Sanctions Act of 1996 
                        (Public Law 104-172; 50 U.S.C. 1701 note)); or
                            ``(iv) a foreign person whose property and 
                        access to property has been blocked pursuant to 
                        Executive Order 13224 (September 23, 2001; 
                        relating to blocking property and prohibiting 
                        transactions with persons who commit, threaten 
                        to commit, or support terrorism).''.
    (b) Imposition of Sanctions.--Section 302(b) of the Iran Threat 
Reduction and Syria Human Rights Act of 2012 (22 U.S.C. 8742(b)) is 
amended by striking ``the President--'' and all that follows and 
inserting ``the President shall, in accordance with the International 
Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), block and 
prohibit all transactions in property and interests in property with 
respect to such 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.''.

        TITLE II--MATTERS RELATING TO THE FINANCING OF TERRORISM

SEC. 201. PROHIBITIONS OF INTERNATIONAL MONETARY FUND ALLOCATIONS FOR 
              IRAN.

    Section 6(b) of the Special Drawing Rights Act (22 U.S.C. 286q(b)) 
is amended by adding at the end the following:
            ``(3) Notwithstanding any other provision of law, no funds 
        shall be appropriated to allocate Special Drawing Rights under 
        Article XVII, sections 2 and 3, of the Articles of Agreement of 
        the Fund to the Islamic Republic of Iran.''.

SEC. 202. CERTIFICATION REQUIREMENT FOR REMOVAL OF DESIGNATION OF IRAN 
              AS A JURISDICTION OF PRIMARY MONEY LAUNDERING CONCERN.

    (a) In General.--The President may not rescind a final rule (as in 
effect on the day before the date of the enactment of this Act) that 
provides for the designation of Iran as a jurisdiction of primary money 
laundering concern pursuant to section 5318A of title 31, United States 
Code, unless the President submits to the appropriate congressional 
committees a certification described in subsection (b) with respect to 
Iran.
    (b) Certification.--The President may only rescind a preliminary 
draft rule or final rule described in subsection (a) if the President 
submits to the appropriate congressional committees the certification 
required in section 8 of the Iran Sanctions Act of 1996 (50 U.S.C. 1701 
note) as amended by this Act.
    (c) Form.--The certification described in subsection (b) shall be 
submitted in unclassified form, but may contain a classified annex.
    (d) Definition.--In this section, the term ``appropriate 
congressional committees'' means--
            (1) the Committee on Foreign Affairs and the Committee on 
        Financial Services of the House of Representatives; and
            (2) the Committee on Banking, Housing, and Urban Affairs of 
        the Senate.

SEC. 203. REQUIREMENT TO TAKE SPECIAL MEASURES AT DOMESTIC FINANCIAL 
              INSTITUTIONS.

    (a) In General.--The Secretary of the Treasury shall require 
domestic financial institutions and domestic financial agencies to take 
one or more of the special measures described under section 5318A(b) of 
title 31, United States Code, with respect to a financial institution 
operating outside of the United States, if the Secretary determines 
that the financial institution operating outside of the United States 
knowingly conducts a significant transaction in connection with the 
Instrument in Support of Trade Exchanges, or any successor to such 
Instrument.
    (b) Waiver.--During the 2-year period beginning on the date of the 
enactment of this Act, the President may, for periods not to exceed 180 
days, waive the application of subsection (a) of this section with 
respect to a financial institution if the President certifies to the 
appropriate congressional committees that such a waiver is in the 
national security interests of the United States.
    (c) Definitions.--In this section, the terms ``domestic financial 
institution'', ``domestic financial agency'', and ``financial 
institution'' have the meaning given those terms, respectively, under 
section 5312 of title 31, United States Code.

SEC. 204. ADDITIONAL SANCTIONS WITH RESPECT TO FOREIGN PERSONS THAT ARE 
              OFFICIALS, AGENTS, OR AFFILIATES OF, OR OWNED OR 
              CONTROLLED BY, IRAN'S REVOLUTIONARY GUARD CORPS.

    (a) In General.--Section 301(a) of the Iran Threat Reduction and 
Syria Human Rights Act of 2012 (22 U.S.C. 8741(a)) is amended--
            (1) in the matter preceding paragraph (1), by striking 
        ``Not later than 90 days after the date of the enactment of 
        this Act, and as appropriate thereafter,'' and inserting ``Not 
        later than 180 days after the date of the enactment of the 
        Maximum Pressure Act, and every 180 days thereafter,'';
            (2) in paragraph (1)--
                    (A) by inserting ``, or owned or controlled by,'' 
                after ``affiliates of''; and
                    (B) by striking ``and'' at the end;
            (3) in paragraph (2), by striking the period at the end and 
        inserting ``; and''; and
            (4) by adding at the end the following:
            ``(3) identify foreign persons with respect to which there 
        is a reasonable basis to determine that the foreign persons 
        have, directly or indirectly, attempted to conduct one or more 
        sensitive transactions or activities described in subsection 
        (c) for or on behalf of a foreign person described in paragraph 
        (1).''.
    (b) Priority for Investigation; Determination and Report.--Section 
301(b) of the Iran Threat Reduction and Syria Human Rights Act of 2012 
(22 U.S.C. 8741(b)) is amended to read as follows:
    ``(b) Priority for Investigation; Determination and Report.--
            ``(1) 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 investigate--
                    ``(A) 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);
                    ``(B) 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); 
                and
                    ``(C) foreign persons listed under the headings 
                `Attachment 3' or `Attachment 4' in Annex A of United 
                Nations Security Council Resolution 2231, adopted on 
                July 20, 2015.
            ``(2) Determination and report.--
                    ``(A) Determination.--
                            ``(i) In general.--The President shall 
                        determine whether each foreign person on the 
                        list described in clause (ii) is a foreign 
                        person that is owned or controlled by Iran's 
                        Revolutionary Guard Corps.
                            ``(ii) List.--The list of foreign persons 
                        described in this clause are the following:
                                    ``(I) The Telecommunication Company 
                                of Iran.
                                    ``(II) The Mobile Telecommunication 
                                Company of Iran.
                                    ``(III) The Calcimin Public 
                                Company.
                                    ``(IV) The Iran Tractor 
                                Manufacturing Company of Iran.
                                    ``(V) The Iran Zinc Mines 
                                Development Company.
                                    ``(VI) The National Iranian Lead 
                                and Zinc Company.
                                    ``(VII) Ghadir Investment.
                                    ``(VIII) The Parisian Oil & Gas 
                                Development Company.
                                    ``(IX) The Pardus Petrochemical 
                                Company.
                                    ``(X) The Chariots Petrochemical 
                                Company.
                                    ``(XI) The Tabriz Oil Refinery.
                                    ``(XII) Kermanshah Petrochemical 
                                Industries.
                    ``(B) Report.--
                            ``(i) In general.--Not later than 90 days 
                        after the date of the enactment of this 
                        subsection, and not later 1 year thereafter, 
                        the President shall submit to the appropriate 
                        congressional committees a report on the 
                        determinations made under subparagraph (A) 
                        together with the reasons for those 
                        determinations.
                            ``(ii) Form.--A report submitted under 
                        clause (i) shall be submitted in unclassified 
                        form but may contain a classified annex.''.
    (c) Sensitive Transactions and Activities Described.--Section 
301(c) of the Iran Threat Reduction and Syria Human Rights Act of 2012 
(22 U.S.C. 8741(c)) is amended--
            (1) in paragraph (1)--
                    (A) by striking ``$1,000,000'' and inserting 
                ``$500,000''; and
                    (B) by inserting ``Iranian financial institution 
                or'' after ``involving a'';
            (2) by redesignating paragraphs (3), (4), and (5) as 
        paragraphs (6), (7), and (8), respectively; and
            (3) by inserting after paragraph (2) the following new 
        paragraphs:
            ``(3) a transaction to provide material support for an 
        organization designated as a foreign terrorist organization 
        under section 219(a) of the Immigration and Nationality Act (8 
        U.S.C. 1189(a)) or support for an act of international 
        terrorism (as defined in section 14 of the Iran Sanctions Act 
        of 1996 (Public Law 104-172; 50 U.S.C. 1701 note));
            ``(4) a transaction to provide material support to a 
        foreign person whose property and access to property has been 
        blocked pursuant to Executive Order 13224 (September 23, 2001; 
        relating to blocking property and prohibiting transactions with 
        persons who commit, threaten to commit, or support terrorism);
            ``(5) a transaction to provide material support for the 
        Government of Syria or any agency or instrumentality 
        thereof;''.
    (d) Regulations, Implementation, Penalties, and Definitions.--
Section 301 of the Iran Threat Reduction and Syria Human Rights Act of 
2012 (22 U.S.C. 8741) is amended--
            (1) by redesignating subsection (f) as subsection (h); and
            (2) by inserting after subsection (e) the following new 
        subsections:
    ``(e) Penalties.--A person that violates, attempts to violate, 
conspires to violate, or causes a violation of subsection (a) or any 
regulation, license, or order issued to carry out subsection (a) shall 
be subject to the penalties set forth in subsections (b) and (c) of 
section 206 of the International Emergency Economic Powers Act (50 
U.S.C. 1705) to the same extent as a person that commits an unlawful 
act described in subsection (a) of that section.
    ``(f) Definitions.--In this section:
            ``(1) Foreign person.--The term `foreign person' means--
                    ``(A) an individual who is not a United States 
                person;
                    ``(B) a corporation, partnership, or other 
                nongovernmental entity which is not a United States 
                person; or
                    ``(C) any representative, agent or instrumentality 
                of, or an individual working on behalf of a foreign 
                government.
            ``(2) Iran's revolutionary guard corps.--The term `Iran's 
        Revolutionary Guard Corps' includes any senior foreign 
        political figure (as defined in section 1010.605 of title 31, 
        Code of Federal Regulations) of Iran's Revolutionary Guard 
        Corps.
            ``(3) Own or control.--The term `own or control' means, 
        with respect to an entity--
                    ``(A) to hold more than 25 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.
            ``(4) United states person.--The term `United States 
        person' means--
                    ``(A) a United States citizen or an alien lawfully 
                admitted for permanent residence to the United States; 
                or
                    ``(B) an entity organized under the laws of the 
                United States or of any jurisdiction within the United 
                States, including a foreign branch of such an 
                entity.''.
    (e) Conforming and Clerical Amendments.--The Iran Threat Reduction 
and Syria Human Rights Act of 2012 (22 U.S.C. 8701 et seq.) is 
amended--
            (1) by striking the heading of section 301 and inserting 
        the following:

``SEC. 301. IDENTIFICATION OF, AND IMPOSITION OF SANCTIONS WITH RESPECT 
              TO, FOREIGN PERSONS THAT ARE OFFICIALS, AGENTS OR 
              AFFILIATES OF, OR OWNED OR CONTROLLED BY, IRAN'S 
              REVOLUTIONARY GUARD CORPS.'';

        and
            (2) in the table of contents, by striking the item relating 
        to section 301 and inserting the following:

``Sec. 301. Identification of, and imposition of sanctions with respect 
                            to, foreign persons that are officials, 
                            agents or affiliates of, or owned or 
                            controlled by, Iran's Revolutionary Guard 
                            Corps.''.

SEC. 205. ADDITIONAL SANCTIONS WITH RESPECT TO FOREIGN PERSONS THAT 
              SUPPORT OR CONDUCT CERTAIN TRANSACTIONS WITH IRAN'S 
              REVOLUTIONARY GUARD CORPS OR OTHER SANCTIONED PERSONS.

    (a) Identification.--Section 302(a)(1) of the Iran Threat Reduction 
and Syria Human Rights Act of 2012 (22 U.S.C. 8742(a)(1))--
            (1) in subparagraph (B)--
                    (A) by inserting ``, provide significant financial 
                services to, or provide material support to'' after 
                ``transactions with''; and
                    (B) by striking ``or'' at the end;
            (2) in subparagraph (C)--
                    (A) in the matter preceding clause (i), by 
                inserting ``, provide significant financial services 
                to, or provide material support to'' after 
                ``transactions with'';
                    (B) in clause (i), by striking ``or'' at the end; 
                and
                    (C) by striking clause (ii) and inserting the 
                following:
                            ``(ii) a person or entity designated as 
                        foreign terrorist organizations under section 
                        219(a) of the Immigration and Nationality Act 
                        (8 U.S.C. 1189(a)) or that has provided support 
                        for an act of international terrorism (as 
                        defined in section 14 of the Iran Sanctions Act 
                        of 1996 (Public Law 104-172; 50 U.S.C. 1701 
                        note)); or
                            ``(iii) a foreign person whose property and 
                        access to property has been blocked pursuant to 
                        Executive Order 13224 (September 23, 2001; 
                        relating to blocking property and prohibiting 
                        transactions with persons who commit, threaten 
                        to commit, or support terrorism); or''; and
            (3) by adding at the end the following:
                    ``(D) a person acting on behalf of or at the 
                direction of, or owned or controlled (as that term is 
                defined in section 301) by, a person described in 
                subparagraph (A), (B), or (C).''.
    (b) Imposition of Sanctions.--Section 302(b) of the Iran Threat 
Reduction and Syria Human Rights Act of 2012 (22 U.S.C. 8742(b)) is 
amended by striking ``the President--'' and all that follows and 
inserting ``the President shall block and prohibit all transactions in 
property and interests in property with respect to such 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.''.

SEC. 206. REPORTS ON CERTAIN IRANIAN PERSONS AND SECTORS OF IRAN'S 
              ECONOMY THAT ARE CONTROLLED BY IRAN'S REVOLUTIONARY GUARD 
              CORPS.

    (a) Statement of Policy.--It shall be the policy of the United 
States to fully implement and enforce sanctions against Iran's 
Revolutionary Guard Corps, including its officials, agents, and 
affiliates.
    (b) In General.--Subtitle B of title III of the Iran Threat 
Reduction and Syria Human Rights Act of 2012 (Public Law 112-158; 126 
Stat. 1247) is amended by adding at the end the following:

``SEC. 313. REPORT ON CERTAIN IRANIAN PERSONS.

    ``(a) In General.--Not later than 180 days after the date of the 
enactment of this section, and annually thereafter for a period not to 
exceed three years, the President shall submit to the appropriate 
congressional committees a report that contains the following:
            ``(1) A list of foreign persons listed on the Tehran Stock 
        Exchange and, with respect to each such foreign person--
                    ``(A) an identification of the sector of Iran's 
                economy in which the foreign person is located; and
                    ``(B) a determination of whether or not Iran's 
                Revolutionary Guard Corps or any foreign persons that 
                are officials, agents, or affiliates of Iran's 
                Revolutionary Guard Corps, directly or indirectly, owns 
                or controls the foreign person.
            ``(2) A list of foreign persons that are operating business 
        enterprises in Iran that have a valuation of more than 
        $100,000,000 and, with respect to each such foreign person--
                    ``(A) an identification of the sector of Iran's 
                economy in which the foreign person is located; and
                    ``(B) a determination of whether or not Iran's 
                Revolutionary Guard Corps or any foreign persons that 
                are officials, agents, or affiliates of Iran's 
                Revolutionary Guard Corps, directly or indirectly owns 
                or controls the foreign person.
            ``(3) A list of Iranian financial institutions that have a 
        valuation of more than $10,000,000 and, with respect to each 
        such Iranian financial institution--
                    ``(A) an identification of the sector of Iran's 
                economy in which the institution is located; and
                    ``(B) a determination of whether or not--
                            ``(i) the institution has knowingly 
                        facilitated a significant transaction directly 
                        or indirectly for, or on behalf of, Iran's 
                        Revolutionary Guard Corps during the 2-year 
                        period beginning on the date of the enactment 
                        of this section; or
                            ``(ii) Iran's Revolutionary Guard Corps or 
                        any foreign persons that are officials, agents, 
                        or affiliates of Iran's Revolutionary Guard 
                        Corps, directly or indirectly, owns or controls 
                        the institution.
    ``(b) Form of Report; Public Availability.--
            ``(1) Form.--The report required by paragraph (1) shall be 
        submitted in unclassified form but may contain a classified 
        annex.
            ``(2) Public availability.--The unclassified portion of the 
        report required by paragraph (1) shall be posted on a publicly-
        available Internet website of the Department of the Treasury 
        and a publicly-available Internet website of the Department of 
        State.
    ``(c) Definitions.--In this section:
            ``(1) Foreign person.--The term `foreign person' means--
                    ``(A) an individual who is not a United States 
                person;
                    ``(B) a corporation, partnership, or other 
                nongovernmental entity which is not a United States 
                person; or
                    ``(C) any representative, agent or instrumentality 
                of, or an individual working on behalf of a foreign 
                government.
            ``(2) Iran's revolutionary guard corps.--The term `Iran's 
        Revolutionary Guard Corps' includes any senior foreign 
        political figure (as defined in section 1010.605 of title 31, 
        Code of Federal Regulations) of Iran's Revolutionary Guard 
        Corps.
            ``(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; or
                    ``(D) a financial institution, wherever located, 
                owned or controlled by a financial institution 
                described in subparagraph (A), (B), or (C).
            ``(4) Own or control.--The term `own or control' has the 
        meaning given such term in section 301.
            ``(5) Significant transaction.--A transaction shall be 
        determined to be a `significant transaction' in accordance with 
        section 561.404 of title 31, Code of Federal Regulations.
            ``(6) United states person.--The term `United States 
        person' means--
                    ``(A) a United States citizen or an alien lawfully 
                admitted for permanent residence to the United States; 
                or
                    ``(B) an entity organized under the laws of the 
                United States or of any jurisdiction within the United 
                States, including a foreign branch of such an entity.

``SEC. 314. REPORT ON SECTORS OF IRAN'S ECONOMY THAT ARE CONTROLLED BY 
              IRAN'S REVOLUTIONARY GUARD CORPS.

    ``(a) In General.--Not later than 180 days after the date of 
enactment of this section, and every 180 days thereafter, the President 
shall submit to the appropriate congressional committees a report that 
identifies each sector of Iran's economy described in subsection (b).
    ``(b) Sectors of Iran's Economy Described.--
            ``(1) In general.--The sectors of Iran's economy described 
        in this subsection are each sector in which 20 or more of any 
        of the Iranian financial institutions or foreign persons 
        described in paragraph (2) are located in such sector.
            ``(2) Iranian financial institutions and foreign persons 
        described.--The Iranian financial institutions and foreign 
        persons described in this subsection are the following:
                    ``(A) Iranian financial institutions listed under 
                section 313(a)(1)(B)(ii).
                    ``(B) Foreign persons listed under section 
                313(a)(2)(B).
                    ``(C) Foreign persons listed under section 
                313(a)(3)(B).''.

   TITLE III--MATTERS RELATING TO THE DESIGNATION OF CERTAIN ENTITIES

SEC. 301. PROHIBITION ON FUTURE WAIVERS AND LICENSES CONNECTED TO THE 
              DESIGNATION OF THE IRGC.

    Beginning on the date of the enactment of this Act, all waivers and 
licenses in effect as of such date issued by the President pursuant to 
the designation of the Islamic Revolutionary Guard Corps under 
Executive Order 13224 (50 U.S.C. 1701 note; relating to blocking 
property and prohibiting transactions with persons who commit, threaten 
to commit, or support terrorism) shall remain in effect, and the 
President may not issue a new waiver or license with respect to any 
activity connected to the Islamic Revolutionary Guard Corps, until the 
date on which the President makes the certification to Congress 
pursuant to section 8 of the Iran Sanctions Act of 1996 (50 U.S.C. 1701 
note) as amended by this Act.

SEC. 302. PROHIBITION ON FUTURE WAIVERS AND LICENSES CONNECTED TO THE 
              DESIGNATION OF THE IRGC AS A FOREIGN TERRORIST 
              ORGANIZATION.

    The Secretary of State may not remove the designation of the 
Islamic Revolutionary Guard Corps as a foreign terrorist organization 
pursuant to section 219 of the Immigration and Nationality Act (8 
U.S.C. 1189) unless the President makes the certification to Congress 
pursuant to section 8 of the Iran Sanctions Act of 1996 (50 U.S.C. 1701 
note) as amended by this Act. The waiver issued by the Secretary of 
State pursuant to the Notice of Determination published on April 24, 
2019 (84 Fed. Reg. 17227; relating to material support for certain 
foreign governmental sub-entities), shall remain in effect, and the 
President may not issue a new waiver or license with respect to any 
activity connected to the designation of the Islamic Revolutionary 
Guard Corps, until the date on which the President makes the 
certification to Congress pursuant to section 8 of the Iran Sanctions 
Act of 1996 (50 U.S.C. 1701 note) as amended by this Act.

SEC. 303. MEASURES WITH RESPECT TO ANSARALLAH IN YEMEN.

    (a) Sense of Congress.--It is the sense of the Congress that the 
designation of the Ansarallah in Yemen (otherwise known as the 
``Houthis'') as a foreign terrorist organization by former Secretary of 
State Mike Pompeo, which took effect on January 19, 2021, was an 
essential step to hold Iran's proxies accountable.
    (b) Findings.--Congress finds the following:
            (1) The Houthis are armed, trained, and advised by the 
        Islamic Revolutionary Guard Corps, an entity designated as a 
        foreign terrorist organization pursuant to section 219 of the 
        Immigration and Nationality Act (8 U.S.C. 1189).
            (2) According to former Secretary of State Mike Pompeo, the 
        Houthis are responsible for a number of terrorist acts, 
        ``including cross-border attacks threatening civilian 
        populations, infrastructure, and commercial shipping.''.
    (c) Designation Required.--Not later than 10 days after the date of 
the enactment of this Act, the Secretary of State shall designate 
Ansarallah, otherwise known as ``Houthis'', as a foreign terrorist 
organization under section 219 of the Immigration and Nationality Act 
(8 U.S.C. 1189).
    (d) Listing Required.--Not later than 10 days after the date of the 
enactment of this Act, the Secretary of the Treasury shall place 
Ansarallah, otherwise known as ``Houthis,'' on the list of Specially 
Designated Nationals and Blocked Persons maintained by the Office of 
Foreign Asset Control of the Department of the Treasury.
    (e) Revival of Former Waivers.--Beginning on the date that is 10 
days after the date of the enactment of this Act, all licenses and 
waivers issued in relation to the designation of Ansarallah as a 
Foreign Terrorist Organization or its placement on the list of 
Specially Designated Nationals and Blocked Persons that were in effect 
as of January 20, 2021, shall return to force and remain in effect as 
long as Ansarallah is designated as a foreign terrorist organization 
and remains on the list of Specially Designated Nationals and Blocked 
Persons.
    (f) Limitation on Future Waiver Authority.--Except as provided in 
subsection (e), no waiver or license with respect to the designation of 
Ansarallah under this section may be issued.

                  TITLE IV--DETERMINATIONS AND REPORTS

SEC. 401. DETERMINATIONS WITH RESPECT TO THE IMPOSITION OF SANCTIONS.

    (a) Determination.--Not later than 90 days after the date of the 
enactment of this Act, the Secretary of State shall submit to the 
appropriate congressional committees a determination, including a 
detailed justification, on whether Kata'ib Sayyid al-Shuhada, Kata'ib 
al-Imam Ali, Saraya Khorasani, and the Badr Corps, and any foreign 
person that is an official, agent, affiliate of, or owned or controlled 
by Kata'ib Sayyid al-Shuhada, Kata'ib al-Imam Ali, Saraya Khorasani, or 
the Badr Corps, meets the criteria for--
            (1) designation as a foreign terrorist organization 
        pursuant to section 219 of the Immigration and Nationality Act 
        (8 U.S.C. 1189);
            (2) the application of sanctions pursuant to Executive 
        Order 13224 (50 U.S.C. 1701 note; relating to blocking property 
        and prohibiting transactions with persons who commit, threaten 
        to commit, or support terrorism); or
            (3) the application of sanctions pursuant to the Caesar 
        Syria Civilian Protection Act of 2019 (22 U.S.C. 8791 note).
    (b) Form.--The determination in subsection (a) shall be submitted 
in unclassified form but may contain a classified annex.
    (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
            (1) the Committee on Armed Services, the Committee on 
        Foreign Affairs, the Permanent Select Committee on 
        Intelligence, the Committee on Financial Services, and the 
        Committee on the Judiciary of the House of Representatives; and
            (2) the Committee on Armed Services, the Committee on 
        Foreign Relations, the Select Committee on Intelligence, the 
        Committee on Banking, Housing, and Urban Affairs, and the 
        Committee on the Judiciary of the Senate.

SEC. 402. IRANIAN MILITIA WATCHLISTS.

    (a) In General.--The Secretary of State shall annually maintain and 
publish a list of armed groups, militias, or proxy forces in Iraq 
receiving logistical, military, or financial assistance from Islamic 
Revolutionary Guard Corps or over which the Islamic Revolutionary Guard 
Corps exerts any form of control or influence.
    (b) Publication.--The list required under subsection (a) shall be 
published concurrently with the Annual Country Reports on Terrorism 
required to be submitted pursuant to section 140 of the Foreign 
Relations Authorization Act, Fiscal Years 1988 and 1989 (22 U.S.C. 
2656f), beginning with the first such Country Reports published after 
the date of the enactment of this Act.
    (c) Form.--The Secretary may, not later than 30 days after 
publication of the Annual Country Reports on Terrorism in accordance 
with subsection (b), submit to the Committee on Foreign Affairs of the 
House of Representatives and the Committee on Foreign Relations of the 
Senate a classified annex with respect to the list required under 
subsection (a).

SEC. 403. EXPANSION OF REPORTING TO INCLUDE IRANIAN ARMS SHIPMENTS TO 
              THE HOUTHIS AND IRANIAN BACKED MILITIAS IN IRAQ AND 
              SYRIA.

    (a) Sense of Congress.--It is the sense of the Congress that Iran's 
influence and activities in Yemen are a threat to the national security 
of the United States and its regional partners, including Israel and 
Saudi Arabia, and that the United States must stand with Israel and 
Gulf allies against Houthi aggression in Yemen.
    (b) Reporting Requirements.--Section 103(b)(6)(A) of the Countering 
America's Adversaries Through Sanctions Act (22 U.S.C. 9402(b)(6)(A)) 
is amended by inserting ``Ansarallah, also known as the Houthis, 
Iranian backed militias in Iraq and Syria, or,'' after ``bound for''.

SEC. 404. ANNUAL REPORT ON IRAN SANCTIONS VIOLATIONS.

    (a) Reporting Requirement.--Not later than 30 days after the 
enactment of this Act, and annually thereafter, the Secretary of the 
State, in consultation with the Secretary of the Treasury, shall submit 
to the appropriate congressional committees a report that includes a 
list of each person not currently subject to United States sanctions 
that the Secretary determines is in violation of--
            (1) this Act or the amendments made by this Act;
            (2) the Iran Sanctions Act of 1996 (Public Law 104-172; 50 
        U.S.C. 1701 note);
            (3) the Comprehensive Iran Sanctions, Accountability, and 
        Divestment Act of 2010 (22 U.S.C. 8501 et seq.);
            (4) section 1245 of the National Defense Authorization Act 
        for Fiscal Year 2012 (22 U.S.C. 8513a);
            (5) the Iran Threat Reduction and Syria Human Rights Act of 
        2012 (22 U.S.C. 8701 et seq.);
            (6) the Iran Freedom and Counter-Proliferation Act of 2012 
        (22 U.S.C. 8801 et seq.);
            (7) the International Emergency Economic Powers Act (50 
        U.S.C. 1701 note); or
            (8) any other statute or Executive order that requires or 
        authorizes the imposition of sanctions with respect to Iran.
    (b) Form.--Each report required by paragraph (1) shall be submitted 
in unclassified form but may include a classified annex.
    (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
            (1) the Committee on Foreign Affairs and the Committee on 
        Financial Services of the House of Representatives; and
            (2) the Committee on Foreign Relations and the Committee on 
        Banking, Housing, and Urban Affairs of the Senate.

SEC. 405. REPORT ON SANCTIONS RELIEF GOING TO TERRORISM OR 
              DESTABILIZING ACTIVITIES.

    (a) Reporting Requirement.--Not later than 180 days after the 
enactment of this Act, and annually thereafter, the Secretary of the 
State, in consultation with the Secretary of the Treasury, shall submit 
to the appropriate congressional committees a report describing--
            (1) the status of United States sanctions on Iran;
            (2) the reimposition and renewed enforcement of secondary 
        sanctions on Iran;
            (3) the impact such sanctions have had on Iran's support 
        for terrorism including Hamas, Hezbollah, Palestinian Islamic 
        Jihad, and other foreign terrorist organizations;
            (4) the impact such sanctions have had on Iran's military 
        budget, including the budget of the Islamic Revolutionary Guard 
        Corps;
            (5) the impact such sanctions have had on the budget and 
        resources available to the Basij, and how such sanctions have 
        affected the ability of the Basij to commit gross human rights 
        abuses against the people of Iran;
            (6) the impact such sanctions have had on Iran's support to 
        the al-Assad regime in Syria and to Iranian backed militias 
        operating in Syria;
            (7) the impact that such sanctions have had on Iran's 
        support for Ansarallah, also known as the Houthis, in Yemen; 
        and
            (8) the impact that lifting such sanctions would have on 
        Iran's ability to commit human rights abuses against the people 
        of Iraq, Syria, Lebanon, and Yemen, including a detailed 
        description of whether lifting such sanctions would increase 
        the resources available for Iran and its proxy militias to 
        support gross human rights abuses such as torture, 
        extrajudicial killings, or the killing of protesters in Iraq, 
        Syria, Lebanon, and Yemen.
    (b) Form.--
            (1) In general.--The report required by paragraph (1) shall 
        be submitted in unclassified form, but may contain a classified 
        annex if necessary.
            (2) Public availability of information.--The unclassified 
        portion of such report shall be made available on a publicly 
        available internet website of the Federal Government.
    (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
            (1) the Committee on Armed Services, the Committee on 
        Foreign Affairs, the Committee on Financial Services; and
            (2) the Committee on Armed Services, the Committee on 
        Foreign Relations, the Committee on Banking, Housing, and Urban 
        Affairs, and the Committee on the Judiciary of the Senate.

SEC. 406. SUPPORTING HUMAN RIGHTS FOR THE PEOPLE OF IRAN AND THE 
              VICTIMS OF IRANIAN HUMAN RIGHTS ABUSES IN SYRIA, LEBANON, 
              YEMEN, AND VENEZUELA.

    (a) Statement of Policy.--It shall be the policy of the United 
States to--
            (1) support democracy and human rights in Iran, including 
        the robust exercise by Iranians of the rights to freedom of 
        speech and assembly;
            (2) where possible, support the free flow of information 
        into Iran to make it easier for Iranian citizens to communicate 
        with one another and with the outside world;
            (3) hold Iran accountable for severe human rights abuses 
        against its own people and the people of the Middle East and 
        Latin America, including the peoples of Iraq, Syria, Lebanon 
        Yemen, and Venezuela; and
            (4) condemn any and all attacks against protesters by Iran 
        or its sponsored militias.
    (b) Determination With Respect to the Imposition of Sanctions.--Not 
later than 180 days after the date of the enactment of this Act, the 
President shall submit to the appropriate congressional committees a 
determination, including a detailed justification, of whether any 
person listed in subsection (c) meets the criteria for--
            (1) the application of sanctions pursuant to section 105 of 
        the Comprehensive Iran Sanctions, Accountability, and 
        Divestment Act of 2010 (22 U.S.C. 8514); or
            (2) the application of sanctions pursuant to Executive 
        Order 13553 (50 U.S.C. 1701 note; relating to blocking property 
        of certain persons with respect to serious human rights abuses 
        by the Government of Iran).
    (c) Persons Listed.--The persons listed in this subsection are--
            (1) Ayatollah Ali Khamenei, the Supreme Leader of Iran;
            (2) Gholamali Mohammadi, the head of Iran's Prisons 
        Organization;
            (3) Amin Hossein Rahimi, Iran's Minister of Justice;
            (4) Mohammad Ali Zolfigol, Iran's Minister of Science;
            (5) Mohammad Mehdi Esmaeili, Iran's Minister of Culture;
            (6) Hassan Hassanzadeh, Iran's Islamic Revolutionary Guard 
        Corps commander;
            (7) Mohammed Reza Yazdi, IRGC commander;
            (8) Amin Vaziri, Deputy Prosecutor of Tehran and assistant 
        supervisor of political prisoners in Evin prison;
            (9) Heshmatollah Hayat Al-Ghayb, Tehran's Director-General 
        of Prisons;
            (10) Allahkaram Azizi, Head of the Rajaie-Shahr prison in 
        Karaj, Iran;
            (11) Ali Al-Qasi Mehr, Prosecutor General of Tehran;
            (12) Ali Hemmatian, IRGC interrogator; and
            (13) Masoud Safdari, IRGC interrogator.
    (d) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
            (1) the Committee on Armed Services, the Committee on 
        Foreign Affairs, the Committee on Financial Services of the 
        House of Representatives; and
            (2) the Committee on Armed Services, the Committee on 
        Foreign Relations, the Committee on Banking, Housing, and Urban 
        Affairs, and the Committee on the Judiciary of the Senate.

SEC. 407. DETERMINATION WITH RESPECT TO NET WORTH OF IRANIAN SUPREME 
              LEADER AYATOLLAH ALI KHAMENEI.

    (a) Determination Required.--Not later than 180 days after the date 
of the enactment of this Act, the Secretary of State, in consultation 
with the Secretary of the Treasury and the Director of National 
Intelligence, shall submit to the appropriate congressional committees 
a report on the estimated net worth and known sources of income, 
including income from corrupt or illicit activities, of Iranian Supreme 
Leader Ali Khamenei and his family members (including spouse, children, 
siblings, and paternal and maternal cousins), including assets, 
investments, other business interests, and relevant beneficial 
ownership information. Such report shall also include shares in and 
ties to Iranian parastatal institutions or bonyaads, such as the 
Mostazafan Foundation and the Astan Quds Razavi, as well as the total 
estimated value of Mostazafan Foundation and the Astan Quds Razavi.
    (b) Form.--The report required by subsection (a) shall be submitted 
in unclassified form, but may contain a classified annex. The 
unclassified portion of such report shall be made available on a 
publicly available internet website of the Federal Government.
    (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
            (1) the Committee on Armed Services, the Committee on 
        Foreign Affairs, the Committee on Financial Services; and
            (2) the Committee on Armed Services, the Committee on 
        Foreign Relations, and the Committee on Banking, Housing, and 
        Urban Affairs.

SEC. 408. IRGC WATCH LIST AND REPORT.

    (a) In General.--The Secretary of the Treasury shall establish, 
maintain, and publish in the Federal Register a list (to be known as 
the ``IRGC Watch List'') of--
            (1) each entity in which the IRGC has an ownership interest 
        of less than 25 percent;
            (2) each entity in which the IRGC does not have an 
        ownership interest if the IRGC maintains a presence on the 
        board of directors of the entity or otherwise influences the 
        actions, policies, or personnel decisions of the entity; and
            (3) each person that owns or controls an entity described 
        in paragraph (1) or (2).
    (b) Reports Required.--
            (1) Treasury report.--
                    (A) In general.--Not later than 90 days after the 
                date of the enactment of this Act, and annually 
                thereafter, the Secretary of the Treasury shall submit 
                to the appropriate congressional committees a report 
                that includes--
                            (i) the list required by subsection (a) 
                        and, in the case of any report submitted under 
                        this subparagraph after the first such report, 
                        any changes to the list since the submission of 
                        the preceding such report; and
                            (ii) an assessment of the role of the IRGC 
                        in, and its penetration into, the economy of 
                        Iran.
                    (B) Form of report.--Each report required by 
                subparagraph (A) shall be submitted in unclassified 
                form, but may include a classified annex if necessary. 
                The unclassified portion of such report shall be made 
                available on a publicly available internet website of 
                the Federal Government.
            (2) Government accountability office report.--
                    (A) In general.--The Comptroller General of the 
                United States shall--
                            (i) conduct a review of the list required 
                        by subsection (a); and
                            (ii) not later than 180 days after each 
                        report required by paragraph (1) is submitted 
                        to Congress, submit to Congress a report on the 
                        review conducted under clause (i).
                    (B) Consultations.--In preparing the report 
                required by subparagraph (A)(ii), the Comptroller 
                General shall consult with nongovernmental 
                organizations.
    (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
            (1) the Committee on Armed Services, the Committee on 
        Foreign Affairs, the Committee on Financial Services of the 
        House of Representatives; and
            (2) the Committee on Armed Services, the Committee on 
        Foreign Relations, and the Committee on Banking, Housing, and 
        Urban Affairs of the Senate.

SEC. 409. REPORT ON IRAN'S BREAKOUT TIMELINE FOR URANIUM ENRICHMENT AND 
              NUCLEAR WEAPONIZATION.

    (a) Reporting Requirement.--Not later than 180 days after the 
enactment of this Act, and annually thereafter, the Secretary of the 
State, in consultation with the Director of National Intelligence, 
shall submit to the appropriate congressional committees a report 
describing--
            (1) an assessment of Iran's estimated breakout timeline for 
        uranium enrichment to achieve the fissile material necessary 
        for a nuclear weapon; and
            (2) an assessment of Iran's estimated weaponization 
        timeline to obtain a nuclear weapon.
    (b) Form.--The report required by subsection (a) shall be submitted 
in classified form.
    (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
            (1) the Committee on Armed Services, the Committee on 
        Foreign Affairs, the Committee on Financial Services of the 
        House of Representatives; and
            (2) the Committee on Armed Services, the Committee on 
        Foreign Relations, the Committee on Banking, Housing, and Urban 
        Affairs, and the Committee on the Judiciary of the Senate.

SEC. 410. REPORT ON IRANIAN DISINFORMATION CAMPAIGNS AND COUNTER-
              DISINFORMATION EFFORTS.

    (a) Reporting Requirement.--Not later than 180 days after the 
enactment of this Act, and annually thereafter, the Global Engagement 
Center (GEC) of the Department of State shall submit to the appropriate 
congressional committees a report describing--
            (1) the scope of Iranian disinformation efforts around the 
        world including in the United States;
            (2) the objectives of Iran's disinformation campaign, the 
        means used by Iran to further such campaigns, and the 
        mechanisms by which Iran spreads disinformation and propaganda; 
        and
            (3) a detailed strategy regarding how the GEC intends to 
        counter disinformation efforts conducted by Iran.
    (b) Form.--The report required by subsection (a) shall be submitted 
in unclassified form, but may include a classified annex if necessary. 
The unclassified portion of such report shall be made available on a 
publicly available internet website of the Federal Government.
    (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
            (1) the Committee on Armed Services, the Committee on 
        Foreign Affairs, the Committee on Financial Services of the 
        House of Representatives; and
            (2) the Committee on Armed Services, the Committee on 
        Foreign Relations, the Committee on Banking, Housing, and Urban 
        Affairs, and the Committee on the Judiciary of the Senate.

SEC. 411. REPORT ON IRANIAN SUPPORT TO HAMAS.

    (a) Reporting Requirement.--Not later than 180 days after the date 
of enactment of this Act, and annually thereafter, the Director of 
National Intelligence shall submit to the appropriate congressional 
committees a report describing--
            (1) the extent of Hamas' funding by Iran;
            (2) the extent regarding how the enforcement of United 
        States sanctions on Iranian oil affect the resources of Hamas; 
        and
            (3) an assessment of how the enforcement of United States 
        sanctions on Iran during the period of 2019-2020 as compared to 
        2021-2023 affected Hamas budgets.
    (b) Form.--The report required by subsection (a) shall be submitted 
in unclassified form, but may include a classified annex if necessary. 
The unclassified portion of such report shall be made available on a 
publicly available internet website of the Federal Government.
    (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
            (1) the Committee on Armed Services, the Committee on 
        Foreign Affairs, the Committee on Financial Services of the 
        House of Representatives; and
            (2) the Committee on Armed Services, the Committee on 
        Foreign Relations, the Committee on Banking, Housing, and Urban 
        Affairs, and the Committee on the Judiciary of the Senate.

SEC. 412. REPORT ON UNBLOCKED IRANIAN ASSETS AND TERRORISM.

    (a) Reporting Requirement.--Not later than 180 days after the date 
of enactment of this Act, and every 180 days thereafter, the Director 
of National Intelligence shall submit to the appropriate congressional 
committees a report describing--
            (1) whether any sanctions relating to Iran which have been 
        waived, suspended, reduced, or otherwise relieved within the 3 
        years prior to the enactment of this Act have freed up 
        resources for Iran to provide support to foreign terrorist 
        organizations and other proxy militia groups; and
            (2) a description of the extent to which any sanctions 
        relating to Iran which have been waived, suspended, reduced, or 
        otherwise relieved within the last 3 year period, have provided 
        increased resources to the IRGC or any other foreign terrorist 
        organization or proxy militia group.
    (b) Form.--The report required by subsection (a) shall be submitted 
in unclassified form, but may include a classified annex if necessary. 
The unclassified portion of such report shall be made available on a 
publicly available internet website of the Federal Government.
    (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
            (1) the Committee on Armed Services, the Committee on 
        Foreign Affairs, the Committee on Financial Services of the 
        House of Representatives; and
            (2) the Committee on Armed Services, the Committee on 
        Foreign Relations, the Committee on Banking, Housing, and Urban 
        Affairs, and the Committee on the Judiciary of the Senate.

SEC. 413. REPORT ON IRANIAN COUNTERINTELLIGENCE THREATS IN THE UNITED 
              STATES.

    (a) Reporting Requirement.--Not later than 180 days after the 
enactment of this Act, and annually thereafter, the Attorney General 
jointly with the Director of National Intelligence shall submit to the 
appropriate congressional committees a report describing--
            (1) the scope of Iranian counterintelligence threats;
            (2) a determination regarding whether agents of the 
        government of Iran have sought employment or have been employed 
        in positions in the United States Federal Government;
            (3) an assessment of Iranian espionage, influence, and 
        infiltration efforts in the United States, to include an 
        assessment of the role of the Iran Experts Initiative in these 
        efforts; and
            (4) a strategy to counter Iranian espionage, influence, and 
        infiltration efforts in the United States.
    (b) Form.--The report required by subsection (a) shall be submitted 
in unclassified form, but may include a classified annex if necessary. 
The unclassified portion of such report shall be made available on a 
publicly available internet website of the Federal Government.
    (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--
            (1) the Committee on Armed Services, the Committee on 
        Foreign Affairs, the Committee on Financial Services of the 
        House of Representatives; and
            (2) the Committee on Armed Services, the Committee on 
        Foreign Relations, the Committee on Banking, Housing, and Urban 
        Affairs, and the Committee on the Judiciary of the Senate.

                      TITLE V--ADDITIONAL MATTERS

SEC. 501. INCREASING REWARDS FOR JUSTICE FOR HAMAS, HEZBOLLAH, THE 
              ISLAMIC REVOLUTIONARY GUARD CORPS AND OTHER TERRORISTS 
              INVOLVED IN OCTOBER 7, 2023, TERRORIST ATTACKS AGAINST 
              ISRAEL.

    (a) Section 36(b) of the State Department Basic Authorities Act of 
1956 (22 U.S.C. 2708(b)) is amended--
            (1) in paragraph (13), by striking ``; or'' and inserting a 
        semicolon;
            (2) in paragraph (14), by striking the period at the end 
        and inserting ``; or''; and
            (3) by adding at the end the following new paragraph:
            ``(15) the arrest or conviction in any country of any 
        individual who is--
                    ``(A) a member of Hamas, Palestinian Islamic Jihad, 
                Hezbollah, the Islamic Revolutionary Guard Corps, or 
                any other foreign terrorist organization that 
                participated in or helped fund or plan the October 7, 
                2023, terrorist attack against Israel; or
                    ``(B) a leader of Hamas, Palestinian Islamic Jihad, 
                Hezbollah, the Islamic Revolutionary Guard Corps, or 
                any other foreign terrorist organization aligned with 
                or affiliated with the Islamic Republic of Iran.''.
    (b) Paragraph (1) of section 36(e) of the State Department Basic 
Authorities Act of 1956 (22 U.S.C. 2708(e)) is amended to read as 
follows--
            ``(1) Maximum amount.--
                    ``(A) No reward paid under this section may exceed 
                $25,000,000, except--
                            ``(i) as personally authorized by the 
                        Secretary of State if they determine that offer 
                        or payment of an award of a larger amount is 
                        necessary to combat terrorism or defend the 
                        Nation against terrorist acts; or
                            ``(ii) if the reward is for the capture or 
                        information leading to the capture of any 
                        individual described in paragraph (15) of 
                        subsection (b) of this section.
                    ``(B) Without first making such determination, the 
                Secretary may authorize a reward of up to twice the 
                amount specified in this paragraph for the capture or 
                information leading to the capture of a leader of a 
                foreign terrorist organization.''.

SEC. 502. REPURPOSING FROZEN IRANIAN FUNDS FOR UNITED STATES VICTIMS OF 
              STATE SPONSORED TERRORISM FUND.

            (1) In general.--Not later than 90 days after the enactment 
        of this Act, the President shall make available for the United 
        States Victims of State Sponsored Terrorism Fund--
                    (A) those funds transferred from the Republic of 
                Korea to Qatar pursuant to the waiver exercised 
                pursuant to section 1245(d)(5) of the National Defense 
                Authorization Act for Fiscal Year 2012 and sections 
                1244(i) and 1247(f) of the Iran Freedom and Counter-
                Proliferation Act of 2012 and transmitted to Congress 
                on September 11, 2023; and
                    (B) any other funds held with respect to United 
                States sanctions on the Islamic Republic of Iran that 
                the President determines is appropriate to be made 
                available to the United States Victims of State 
                Sponsored Terrorism Fund.
            (2) Rule of construction.--Nothing in this section shall be 
        construed as to deny payments from the United States Victims of 
        State Sponsored Terrorism Fund to the victims of the October 7, 
        2023, attack in Israel who file an eligible claim under 
        subsection (c) of section 20144 of the Justice of United States 
        Victims of State Sponsored Terrorism Act (34 U.S.C. 20144(c)) 
        after the President has already made the funds described in 
        paragraph (1) of this section available to the United States 
        Victims of State Sponsored Terrorism Fund.

SEC. 503. DETERMINATION REGARDING APPLICABLE IRANIAN FINANCIAL 
              INSTITUTIONS UNDER EXECUTIVE ORDER 13902.

            (1) Determination required.--Not later than 90 days after 
        the enactment of this Act, and every 180 days thereafter, the 
        Secretary of the Treasury shall, in consultation with the 
        Secretary of State, determine whether any Iranian financial 
        institution to which the applicable sanctions under Executive 
        Order 13902 have not already been applied qualifies for such 
        sanctions.
            (2) Sanctions required.--Should the Secretary of the 
        Treasury determine that any institution qualifies for the 
        applicable sanctions in Executive Order 13902, then the 
        Secretary shall impose the applicable sanctions described in 
        the order on the qualifying institution.
                                 <all>