COMPREHENSIVE IRAN SANCTIONS, ACCOUNTABILITY, AND DIVESTMENT ACT OF 2010 Public Law 111–195, as amended COMPREHENSIVE IRAN SANCTIONS, ACCOUNTABILITY, AND DIVESTMENT ACT OF 2010 195 116–283 Statute Compilation United States House of Representatives Office of the Legislative Counsel text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. GPO Statute Compilations USLM converter, version 20210527.1 2021-10-15 Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 9362 111 2010-07-01 COMPREHENSIVE IRAN SANCTIONS, ACCOUNTABILITY, AND DIVESTMENT ACT OF 2010 [Public Law 111–195, Enacted July 1, 2010] [As Amended Through P.L. 116–283, Enacted January 1, 2021] [Currency: This publication is a compilation of the text of Public Law 111–195. It was last amended by the public law listed in the As Amended Through note above and below at the bottom of each page of the pdf version and reflects current law through the date of the enactment of the public law listed at https://www.govinfo.gov/app/collection/comps/] [Note: While this publication does not represent an official version of any Federal statute, substantial efforts have been made to ensure the accuracy of its contents. The official version of Federal law is found in the United States Statutes at Large and in the United States Code. The legal effect to be given to the Statutes at Large and the United States Code is established by statute (1 U.S.C. 112, 204).]
AN ACTTo amend the Iran Sanctions Act of 1996 to enhance United States diplomatic efforts with respect to Iran by expanding economic sanctions against Iran. 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.1 1

See sunset provisions in section 401(a).

 (a) [22 U.S.C. 8501 note] Short Title.—This Act may be cited as the “Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010”. (b) Table of Contents.—The table of contents for this Act is as follows: Sec. 1. Sec. 2. Sec. 3. TITLE I— Sec. 101. Sec. 102. Sec. 103. Sec. 104. Sec. 104A. Sec. 105. Sec. 105A. Sec. 105B. Sec. 105C. Sec. 106. Sec. 107. Sec. 108. Sec. 109. Sec. 110. Sec. 111. Sec. 112. Sec. 113. Sec. 114. Sec. 115. TITLE II— Sec. 201. Sec. 202. Sec. 203. Sec. 204. Sec. 205. TITLE III— Sec. 301. Sec. 302. Sec. 303. Sec. 304. Sec. 305. TITLE IV— Sec. 401. Sec. 402.
SEC. 2. [22 U.S.C. 8501] FINDINGS. Congress makes the following findings: (1) The illicit nuclear activities of the Government of Iran, combined with its development of unconventional weapons and ballistic missiles and its support for international terrorism, represent a threat to the security of the United States, its strong ally Israel, and other allies of the United States around the world. (2) The United States and other responsible countries have a vital interest in working together to prevent the Government of Iran from acquiring a nuclear weapons capability. (3) The International Atomic Energy Agency has repeatedly called attention to Iran's illicit nuclear activities and, as a result, the United Nations Security Council has adopted a range of sanctions designed to encourage the Government of Iran to suspend those activities and comply with its obligations under the Treaty on the Non-Proliferation of Nuclear Weapons, done at Washington, London, and Moscow July 1, 1968, and entered into force March 5, 1970 (commonly known as the “Nuclear Non-Proliferation Treaty”). (4) The serious and urgent nature of the threat from Iran demands that the United States work together with its allies to do everything possible—diplomatically, politically, and economically—to prevent Iran from acquiring a nuclear weapons capability. (5) The United States and its major European allies, including the United Kingdom, France, and Germany, have advocated that sanctions be strengthened should international diplomatic efforts fail to achieve verifiable suspension of Iran's uranium enrichment program and an end to its nuclear weapons program and other illicit nuclear activities. (6) The Government of Iran continues to engage in serious, systematic, and ongoing violations of human rights, including suppression of freedom of expression and religious freedom, illegitimately prolonged detention, torture, and executions. Such violations have increased in the aftermath of the fraudulent presidential election in Iran on June 12, 2009. (7) The Government of Iran has been unresponsive to President Obama's unprecedented and serious efforts at engagement, revealing that the Government of Iran is not interested in a diplomatic resolution, as made clear, for example, by the following: (A) Iran's apparent rejection of the Tehran Research Reactor plan, generously offered by the United States and its partners, of potentially great benefit to the people of Iran, and endorsed by Iran's own negotiators in October 2009. (B) Iran's ongoing clandestine nuclear program, as evidenced by its work on the secret uranium enrichment facility at Qom, its subsequent refusal to cooperate fully with inspectors from the International Atomic Energy Agency, and its announcement that it would build 10 new uranium enrichment facilities. (C) Iran's official notification to the International Atomic Energy Agency that it would enrich uranium to the 20 percent level, followed soon thereafter by its providing to that Agency a laboratory result showing that Iran had indeed enriched some uranium to 19.8 percent. (D) A February 18, 2010, report by the International Atomic Energy Agency expressing “concerns about the possible existence in Iran of past or current undisclosed activities related to the development of a nuclear payload for a missile. These alleged activities consist of a number of projects and sub-projects, covering nuclear and missile related aspects, run by military-related organizations.”. (E) A May 31, 2010, report by the International Atomic Energy Agency expressing continuing strong concerns about Iran's lack of cooperation with the Agency's verification efforts and Iran's ongoing enrichment activities, which are contrary to the longstanding demands of the Agency and the United Nations Security Council. (F) Iran's announcement in April 2010 that it had developed a new, faster generation of centrifuges for enriching uranium. (G) Iran's ongoing arms exports to, and support for, terrorists in direct contravention of United Nations Security Council resolutions. (H) Iran's July 31, 2009, arrest of 3 young citizens of the United States on spying charges. (8) There is an increasing interest by State governments, local governments, educational institutions, and private institutions, business firms, and other investors to disassociate themselves from companies that conduct business activities in the energy sector of Iran, since such business activities may directly or indirectly support the efforts of the Government of Iran to achieve a nuclear weapons capability. (9) Black market proliferation networks continue to flourish in the Middle East, allowing countries like Iran to gain access to sensitive dual-use technologies. (10) Economic sanctions imposed pursuant to the provisions of this Act, the Iran Sanctions Act of 1996, as amended by this Act, and the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), and other authorities available to the United States to impose economic sanctions to prevent Iran from developing nuclear weapons, are necessary to protect the essential security interests of the United States.
SEC. 3. SENSE OF CONGRESS REGARDING THE NEED TO IMPOSE ADDITIONAL SANCTIONS WITH RESPECT TO IRAN. It is the sense of Congress that— (1) international diplomatic efforts to address Iran's illicit nuclear efforts and support for international terrorism are more likely to be effective if strong additional sanctions are imposed on the Government of Iran; (2) the concerns of the United States regarding Iran are strictly the result of the actions of the Government of Iran; (3) the revelation in September 2009 that Iran is developing a secret uranium enrichment site on a base of Iran's Revolutionary Guard Corps near Qom, which appears to have no civilian application, highlights the urgency that Iran— (A) disclose the full nature of its nuclear program, including any other secret locations; and (B) provide the International Atomic Energy Agency unfettered access to its facilities pursuant to Iran's legal obligations under the Treaty on the Non-Proliferation of Nuclear Weapons, done at Washington, London, and Moscow July 1, 1968, and entered into force March 5, 1970 (commonly known as the “Nuclear Non-Proliferation Treaty”) and Iran's safeguards agreement with the International Atomic Energy Agency; (4) because of the involvement of Iran's Revolutionary Guard Corps in Iran's nuclear program, international terrorism, and domestic human rights abuses, the President should impose the full range of applicable sanctions on— (A) any individual or entity that is an agent, alias, front, instrumentality, representative, official, or affiliate of Iran's Revolutionary Guard Corps; and (B) any individual or entity that has conducted any commercial transaction or financial transaction with an individual or entity described in subparagraph (A); (5) additional measures should be adopted by the United States to prevent the diversion of sensitive dual-use technologies to Iran; (6) the President should— (A) continue to urge the Government of Iran to respect the internationally recognized human rights and religious freedoms of its citizens; (B) identify the officials of the Government of Iran and other individuals who are responsible for continuing and severe violations of human rights and religious freedom in Iran; and (C) take appropriate measures to respond to such violations, including by— (i) prohibiting officials and other individuals the President identifies as being responsible for such violations from entry into the United States; and (ii) freezing the assets of the officials and other individuals described in clause (i); (7) additional funding should be provided to the Secretary of State to document, collect, and disseminate information about human rights abuses in Iran, including serious abuses that have taken place since the presidential election in Iran on June 12, 2009; (8) with respect to nongovernmental organizations based in the United States— (A) many of such organizations are essential to promoting human rights and humanitarian goals around the world; (B) it is in the national interest of the United States to allow responsible nongovernmental organizations based in the United States to establish and carry out operations in Iran to promote civil society and foster humanitarian goodwill among the people of Iran; and (C) the United States should ensure that the organizations described in subparagraph (B) are not unnecessarily hindered from working in Iran to provide humanitarian, human rights, and people-to-people assistance, as appropriate, to the people of Iran; (9) the United States should not issue a license pursuant to an agreement for cooperation (as defined in section 11 b. of the Atomic Energy Act of 1954 (42 U.S.C. 2014(b))) for the export of nuclear material, facilities, components, or other goods, services, or technology that are or would be subject to such an agreement to a country that is providing similar nuclear material, facilities, components, or other goods, services, or technology to another country that is not in full compliance with its obligations under the Nuclear Non-Proliferation Treaty, including its obligations under the safeguards agreement between that country and the International Atomic Energy Agency, unless the President determines that the provision of such similar nuclear material, facilities, components, or other goods, services, or technology to such other country does not undermine the nonproliferation policies and objectives of the United States; and (10) the people of the United States— (A) have feelings of friendship for the people of Iran; (B) regret that developments in recent decades have created impediments to that friendship; and (C) hold the people of Iran, their culture, and their ancient and rich history in the highest esteem.
<num style="-uslm-dtd:enum" value="I">TITLE I—</num><heading style="-uslm-dtd:header">SANCTIONS </heading> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tI/s101" styleType="OLC" role="definitions"> <num style="-uslm-dtd:enum" value="101">SEC. 101. </num><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t22/s8511">22 U.S.C. 8511</ref><b>]</b> </editorialNote><heading style="-uslm-dtd:header">DEFINITIONS. </heading> <subsection style="-uslm-dtd:subsection" styleType="OLC" role="undesignated-level"><chapeau style="-uslm-dtd:text">In this title:</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s101/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">Agricultural commodity.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">agricultural commodity</term>” has the meaning given that term in section 102 of the Agricultural Trade Act of 1978 (7 U.S.C. 5602).</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s101/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Appropriate congressional committees.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">appropriate congressional committees</term>” 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), as amended by section 102 of this Act.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s101/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><heading style="-uslm-dtd:header">Executive agency.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">executive agency</term>” has the meaning given that term in section 133 of title 41, United States Code.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s101/4" styleType="OLC"> <num style="-uslm-dtd:enum" value="4">(4) </num><heading style="-uslm-dtd:header">Family member.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">family member</term>” means, with respect to an individual, a spouse, child, parent, sibling, grandchild, or grandparent of the individual.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s101/5" styleType="OLC"> <num style="-uslm-dtd:enum" value="5">(5) </num><heading style="-uslm-dtd:header">Iranian diplomats and representatives of other government and military or quasi-governmental institutions of iran.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">Iranian diplomat or representative of another government or military or quasi-governmental institution of Iran</term>” means any of the Iranian diplomats and representatives of other government and military or quasi-governmental institutions of Iran (as that term is defined in section 14 of the Iran Sanctions Act of 1996 (Public Law 104–172; 50 U.S.C. 1701 note)).</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s101/6" styleType="OLC"> <num style="-uslm-dtd:enum" value="6">(6) </num><heading style="-uslm-dtd:header">Knowingly.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">knowingly</term>”, with respect to conduct, a circumstance, or a result, means that a person has actual knowledge, or should have known, of the conduct, the circumstance, or the result.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s101/7" styleType="OLC"> <num style="-uslm-dtd:enum" value="7">(7) </num><heading style="-uslm-dtd:header">Medical device.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">medical device</term>” has the meaning given the term “<term style="-uslm-dtd:term">device</term>” in section 201 of the Federal Food, Drug, and Cosmetic Act (21 U.S.C. 321).</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s101/8" styleType="OLC"> <num style="-uslm-dtd:enum" value="8">(8) </num><heading style="-uslm-dtd:header">Medicine.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">medicine</term>” has the meaning given the term “<term style="-uslm-dtd:term">drug</term>” in section 201 of the Federal Food, Drug, and Cosmetic Act (21 U.S.C. 321).</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s101/9" styleType="OLC"> <num style="-uslm-dtd:enum" value="9">(9) </num><heading style="-uslm-dtd:header">State.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">State</term>” means each of the several States, the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, American Samoa, Guam, the United States Virgin Islands, and any other territory or possession of the United States.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s101/10" styleType="OLC"> <num style="-uslm-dtd:enum" value="10">(10) </num><heading style="-uslm-dtd:header">United states person.—</heading><chapeau style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">United States person</term>” means—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s101/10/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">a natural person who is a citizen or resident of the United States or a national of the United States (as defined in section 101(a) of the Immigration and Nationality Act (8 U.S.C. 1101(a)); and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s101/10/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">an entity that is organized under the laws of the United States or any State.</content> </subparagraph> </paragraph> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tI/s102" styleType="OLC"> <num style="-uslm-dtd:enum" value="102">SEC. 102. </num><heading style="-uslm-dtd:header">EXPANSION OF SANCTIONS UNDER THE IRAN SANCTIONS ACT OF 1996. </heading> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s102/a" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">(a) </num><heading style="-uslm-dtd:header">In General.—</heading><chapeau style="-uslm-dtd:text">Section 5 of the Iran Sanctions Act of 1996 (Public Law 104–172; 50 U.S.C. 1701 note) is amended—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/a/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">by striking subsection (a) and inserting the following:<quotedContent style="-uslm-dtd:quoted-block"> <subsection style="-uslm-dtd:subsection" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">“(a) </num><heading style="-uslm-dtd:header">Sanctions With Respect to the Development of Petroleum Resources of Iran, Production of Refined Petroleum Products in Iran, and Exportation of Refined Petroleum Products to Iran.—</heading> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">“(1) </num><heading style="-uslm-dtd:header">Development of petroleum resources of iran.—</heading> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">“(A) </num><heading style="-uslm-dtd:header">In general.—</heading><chapeau style="-uslm-dtd:text">Except as provided in subsection (f), the President shall impose 3 or more of the sanctions described in section 6(a) with respect to a person if the President determines that the person knowingly, on or after the date of the enactment of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010—</chapeau> <clause style="-uslm-dtd:clause" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">“(i) </num><content style="-uslm-dtd:text">makes an investment described in subparagraph (B) of $20,000,000 or more; or</content> </clause> <clause style="-uslm-dtd:clause" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">“(ii) </num><content style="-uslm-dtd:text">makes a combination of investments described in subparagraph (B) in a 12-month period if each such investment is of at least $5,000,000 and such investments equal or exceed $20,000,000 in the aggregate.</content> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">“(B) </num><heading style="-uslm-dtd:header">Investment described.—</heading><content style="-uslm-dtd:text">An investment described in this subparagraph is an investment that directly and significantly contributes to the enhancement of Iran's ability to develop petroleum resources.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">“(2) </num><heading style="-uslm-dtd:header">Production of refined petroleum products.—</heading> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">“(A) </num><heading style="-uslm-dtd:header">In general.—</heading><chapeau style="-uslm-dtd:text">Except as provided in subsection (f), the President shall impose 3 or more of the sanctions described in section 6(a) with respect to a person if the President determines that the person knowingly, on or after the date of the enactment of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010, sells, leases, or provides to Iran goods, services, technology, information, or support described in subparagraph (B)—</chapeau> <clause style="-uslm-dtd:clause" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">“(i) </num><content style="-uslm-dtd:text">any of which has a fair market value of $1,000,000 or more; or</content> </clause> <clause style="-uslm-dtd:clause" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">“(ii) </num><content style="-uslm-dtd:text">that, during a 12-month period, have an aggregate fair market value of $5,000,000 or more.</content> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">“(B) </num><heading style="-uslm-dtd:header">Goods, services, technology, information, or support described.—</heading><content style="-uslm-dtd:text">Goods, services, technology, information, or support described in this subparagraph are goods, services, technology, information, or support that could directly and significantly facilitate the maintenance or expansion of Iran's domestic production of refined petroleum products, including any direct and significant assistance with respect to the construction, modernization, or repair of petroleum refineries.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">“(3) </num><heading style="-uslm-dtd:header">Exportation of refined petroleum products to iran.—</heading> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">“(A) </num><heading style="-uslm-dtd:header">In general.—</heading><chapeau style="-uslm-dtd:text">Except as provided in subsection (f), the President shall impose 3 or more of the sanctions described in section 6(a) with respect to a person if the President determines that the person knowingly, on or after the date of the enactment of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010—</chapeau> <clause style="-uslm-dtd:clause" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">“(i) </num><chapeau style="-uslm-dtd:text">sells or provides to Iran refined petroleum products—</chapeau> <subclause style="-uslm-dtd:subclause" styleType="OLC"> <num style="-uslm-dtd:enum" value="I">“(I) </num><content style="-uslm-dtd:text">that have a fair market value of $1,000,000 or more; or</content> </subclause> <subclause style="-uslm-dtd:subclause" styleType="OLC"> <num style="-uslm-dtd:enum" value="II">“(II) </num><content style="-uslm-dtd:text">that, during a 12-month period, have an aggregate fair market value of $5,000,000 or more; or</content> </subclause> </clause> <clause style="-uslm-dtd:clause" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">“(ii) </num><chapeau style="-uslm-dtd:text">sells, leases, or provides to Iran goods, services, technology, information, or support described in subparagraph (B)—</chapeau> <subclause style="-uslm-dtd:subclause" styleType="OLC"> <num style="-uslm-dtd:enum" value="I">“(I) </num><content style="-uslm-dtd:text">any of which has a fair market value of $1,000,000 or more; or</content> </subclause> <subclause style="-uslm-dtd:subclause" styleType="OLC"> <num style="-uslm-dtd:enum" value="II">“(II) </num><content style="-uslm-dtd:text">that, during a 12-month period, have an aggregate fair market value of $5,000,000 or more.</content> </subclause> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">“(B) </num><heading style="-uslm-dtd:header">Goods, services, technology, information, or support described.—</heading><chapeau style="-uslm-dtd:text">Goods, services, technology, information, or support described in this subparagraph are goods, services, technology, information, or support that could directly and significantly contribute to the enhancement of Iran's ability to import refined petroleum products, including—</chapeau> <clause style="-uslm-dtd:clause" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">“(i) </num><content style="-uslm-dtd:text">except as provided in subparagraph (C), underwriting or entering into a contract to provide insurance or reinsurance for the sale, lease, or provision of such goods, services, technology, information, or support;</content> </clause> <clause style="-uslm-dtd:clause" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">“(ii) </num><content style="-uslm-dtd:text">financing or brokering such sale, lease, or provision; or</content> </clause> <clause style="-uslm-dtd:clause" styleType="OLC"> <num style="-uslm-dtd:enum" value="iii">“(iii) </num><content style="-uslm-dtd:text">providing ships or shipping services to deliver refined petroleum products to Iran.</content> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">“(C) </num><heading style="-uslm-dtd:header">Exception for underwriters and insurance providers exercising due diligence.—</heading><content style="-uslm-dtd:text">The President may not impose sanctions under this paragraph with respect to a person that provides underwriting services or insurance or reinsurance if the President determines that the person has exercised due diligence in establishing and enforcing official policies, procedures, and controls to ensure that the person does not underwrite or enter into a contract to provide insurance or reinsurance for the sale, lease, or provision of goods, services, technology, information, or support described in subparagraph (B).”</content> </subparagraph> </paragraph> </subsection></quotedContent>;</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/a/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><chapeau style="-uslm-dtd:text">in subsection (b)—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/a/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">by redesignating paragraphs (1) and (2) as subparagraphs (A) and (B), respectively, and moving such subparagraphs, as so redesignated, 2 ems to the right;</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/a/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">by striking “<quotedText style="-uslm-dtd:quote">The President shall impose</quotedText>” and inserting the following:<quotedContent style="-uslm-dtd:quoted-block"> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">“(1) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">The President shall impose”</content> </paragraph></quotedContent>; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/a/2/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><content style="-uslm-dtd:text">in paragraph (1), as redesignated by subparagraph (B) of this paragraph, by striking “<quotedText style="-uslm-dtd:quote">two or more</quotedText>” and all that follows through “<quotedText style="-uslm-dtd:quote">of this Act</quotedText>” and inserting “<quotedText style="-uslm-dtd:quote">3 or more of the sanctions described in section 6(a) if the President determines that a person has, on or after the date of the enactment of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010</quotedText>”; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/a/2/D" styleType="OLC"> <num style="-uslm-dtd:enum" value="D">(D) </num><content style="-uslm-dtd:text">by adding at the end the following:<quotedContent style="-uslm-dtd:quoted-block"> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">“(2) </num><heading style="-uslm-dtd:header">Additional mandatory sanctions relating to transfer of nuclear technology.—</heading> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">“(A) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">Except as provided in subparagraphs (B) and (C), in any case in which a person is subject to sanctions under paragraph (1) because of an activity described in that paragraph that relates to the acquisition or development of nuclear weapons or related technology or of missiles or advanced conventional weapons that are designed or modified to deliver a nuclear weapon, no license may be issued for the export, and no approval may be given for the transfer or retransfer, directly or indirectly, to the country the government of which has primary jurisdiction over the person, of any nuclear material, facilities, components, or other goods, services, or technology that are or would be subject to an agreement for cooperation between the United States and that government.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">“(B) </num><heading style="-uslm-dtd:header">Exception.—</heading><chapeau style="-uslm-dtd:text">The sanctions described in subparagraph (A) shall not apply with respect to a country the government of which has primary jurisdiction over a person that engages in an activity described in that subparagraph if the President determines and notifies the appropriate congressional committees that the government of the country—</chapeau> <clause style="-uslm-dtd:clause" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">“(i) </num><content style="-uslm-dtd:text">does not know or have reason to know about the activity; or</content> </clause> <clause style="-uslm-dtd:clause" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">“(ii) </num><content style="-uslm-dtd:text">has taken, or is taking, all reasonable steps necessary to prevent a recurrence of the activity and to penalize the person for the activity.</content> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">“(C) </num><heading style="-uslm-dtd:header">Individual approval.—</heading><chapeau style="-uslm-dtd:text">Notwithstanding subparagraph (A), the President may, on a case-by-case basis, approve the issuance of a license for the export, or approve the transfer or retransfer, of any nuclear material, facilities, components, or other goods, services, or technology that are or would be subject to an agreement for cooperation, to a person in a country to which subparagraph (A) applies (other than a person that is subject to the sanctions under paragraph (1)) if the President—</chapeau> <clause style="-uslm-dtd:clause" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">“(i) </num><content style="-uslm-dtd:text">determines that such approval is vital to the national security interests of the United States; and</content> </clause> <clause style="-uslm-dtd:clause" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">“(ii) </num><content style="-uslm-dtd:text">not later than 15 days before issuing such license or approving such transfer or retransfer, submits to the Committee on Foreign Affairs of the House of Representatives and the Committee on Foreign Relations of the Senate the justification for approving such license, transfer, or retransfer.</content> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="D">“(D) </num><heading style="-uslm-dtd:header">Construction.—</heading><content style="-uslm-dtd:text">The restrictions in subparagraph (A) shall apply in addition to all other applicable procedures, requirements, and restrictions contained in the Atomic Energy Act of 1954 and other related laws.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="E">“(E) </num><heading style="-uslm-dtd:header">Definition.—</heading><content style="-uslm-dtd:text">In this paragraph, the term ‘<term style="-uslm-dtd:term">agreement for cooperation</term>’ has the meaning given that term in section 11 b. of the Atomic Energy Act of 1954 (42 U.S.C. 2014(b)).</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="F">“(F) </num><heading style="-uslm-dtd:header">Applicability.—</heading><content style="-uslm-dtd:text">The sanctions under subparagraph (A) shall apply only in a case in which a person is subject to sanctions under paragraph (1) because of an activity described in that paragraph in which the person engages on or after the date of the enactment of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010.”</content> </subparagraph> </paragraph></quotedContent>;</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/a/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><chapeau style="-uslm-dtd:text">in subsection (c)—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/a/3/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">by striking “<quotedText style="-uslm-dtd:quote">(b)</quotedText>” each place it appears and inserting “<quotedText style="-uslm-dtd:quote">(b)(1)</quotedText>”; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/a/3/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">by striking paragraph (2) and inserting the following:<quotedContent style="-uslm-dtd:quoted-block"> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">“(2) </num><chapeau style="-uslm-dtd:text">any person that—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">“(A) </num><content style="-uslm-dtd:text">is a successor entity to the person referred to in paragraph (1);</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">“(B) </num><content style="-uslm-dtd:text">owns or controls the person referred to in paragraph (1), if the person that owns or controls the person referred to in paragraph (1) had actual knowledge or should have known that the person referred to in paragraph (1) engaged in the activities referred to in that paragraph; or</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">“(C) </num><content style="-uslm-dtd:text">is owned or controlled by, or under common ownership or control with, the person referred to in paragraph (1), if the person owned or controlled by, or under common ownership or control with (as the case may be), the person referred to in paragraph (1) knowingly engaged in the activities referred to in that paragraph.”</content> </subparagraph> </paragraph></quotedContent>; and</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/a/4" styleType="OLC"> <num style="-uslm-dtd:enum" value="4">(4) </num><chapeau style="-uslm-dtd:text">in subsection (f)—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/a/4/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">in the matter preceding paragraph (1), by striking “<quotedText style="-uslm-dtd:quote">(b)</quotedText>” and inserting “<quotedText style="-uslm-dtd:quote">(b)(1)</quotedText>”; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/a/4/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">in paragraph (2), by striking “<quotedText style="-uslm-dtd:quote">section 301(b)(1) of that Act (19 U.S.C. 2511(b)(1))</quotedText>” and inserting “<quotedText style="-uslm-dtd:quote">section 301(b) of that Act (19 U.S.C. 2511(b))</quotedText>”.</content> </subparagraph> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s102/b" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">(b) </num><heading style="-uslm-dtd:header">Description of Sanctions.—</heading><chapeau style="-uslm-dtd:text">Section 6 of such Act is amended—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/b/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">by striking “<quotedText style="-uslm-dtd:quote">The sanctions to be imposed</quotedText>” and inserting the following:<quotedContent style="-uslm-dtd:quoted-block"> <subsection style="-uslm-dtd:subsection" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">“(a) </num><heading style="-uslm-dtd:header">In General.—</heading><content style="-uslm-dtd:text">The sanctions to be imposed”</content> </subsection></quotedContent>;</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/b/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><chapeau style="-uslm-dtd:text">in subsection (a), as redesignated by paragraph (1)—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/b/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">by redesignating paragraph (6) as paragraph (9); and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/b/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">by inserting after paragraph (5) the following:<quotedContent style="-uslm-dtd:quoted-block"> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="6">“(6) </num><heading style="-uslm-dtd:header">Foreign exchange.—</heading><content style="-uslm-dtd:text">The President may, pursuant to such regulations as the President may prescribe, prohibit any transactions in foreign exchange that are subject to the jurisdiction of the United States and in which the sanctioned person has any interest.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="7">“(7) </num><heading style="-uslm-dtd:header">Banking transactions.—</heading><content style="-uslm-dtd:text">The President may, pursuant to such regulations as the President may prescribe, prohibit any transfers of credit or payments between financial institutions or by, through, or to any financial institution, to the extent that such transfers or payments are subject to the jurisdiction of the United States and involve any interest of the sanctioned person.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="8">“(8) </num><heading style="-uslm-dtd:header">Property transactions.—</heading><chapeau style="-uslm-dtd:text">The President may, pursuant to such regulations as the President may prescribe, prohibit any person from—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">“(A) </num><content style="-uslm-dtd:text">acquiring, holding, withholding, using, transferring, withdrawing, transporting, importing, or exporting any property that is subject to the jurisdiction of the United States and with respect to which the sanctioned person has any interest;</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">“(B) </num><content style="-uslm-dtd:text">dealing in or exercising any right, power, or privilege with respect to such property; or</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">“(C) </num><content style="-uslm-dtd:text">conducting any transaction involving such property.”</content> </subparagraph> </paragraph></quotedContent>; and</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/b/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><content style="-uslm-dtd:text">by adding at the end the following:<quotedContent style="-uslm-dtd:quoted-block"> <subsection style="-uslm-dtd:subsection" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">“(b) </num><heading style="-uslm-dtd:header">Additional Measure Relating to Government Contracts.—</heading> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">“(1) </num><heading style="-uslm-dtd:header">Modification of federal acquisition regulation.—</heading><content style="-uslm-dtd:text">Not later than 90 days after the date of the enactment of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010, the Federal Acquisition Regulation issued pursuant to section 25 of the Office of Federal Procurement Policy Act (41 U.S.C. 421) shall be revised to require a certification from each person that is a prospective contractor that the person, and any person owned or controlled by the person, does not engage in any activity for which sanctions may be imposed under section 5.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">“(2) </num><heading style="-uslm-dtd:header">Remedies.—</heading> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">“(A) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">If the head of an executive agency determines that a person has submitted a false certification under paragraph (1) on or after the date on which the revision of the Federal Acquisition Regulation required by this subsection becomes effective, the head of that executive agency shall terminate a contract with such person or debar or suspend such person from eligibility for Federal contracts for a period of not more than 3 years. Any such debarment or suspension shall be subject to the procedures that apply to debarment and suspension under the Federal Acquisition Regulation under subpart 9.4 of part 9 of title 48, Code of Federal Regulations.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">“(B) </num><heading style="-uslm-dtd:header">Inclusion on list of parties excluded from federal procurement and nonprocurement programs.—</heading><content style="-uslm-dtd:text">The Administrator of General Services shall include on the List of Parties Excluded from Federal Procurement and Nonprocurement Programs maintained by the Administrator under part 9 of the Federal Acquisition Regulation issued pursuant to section 25 of the Office of Federal Procurement Policy Act (41 U.S.C. 421) each person that is debarred, suspended, or proposed for debarment or suspension by the head of an executive agency on the basis of a determination of a false certification under subparagraph (A).</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">“(3) </num><heading style="-uslm-dtd:header">Clarification regarding certain products.—</heading><content style="-uslm-dtd:text">The remedies set forth in paragraph (2) shall not apply with respect to the procurement of eligible products, as defined in section 308(4) of the Trade Agreements Act of 1974 (19 U.S.C. 2518(4)), of any foreign country or instrumentality designated under section 301(b) of that Act (19 U.S.C. 2511(b)).</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="4">“(4) </num><heading style="-uslm-dtd:header">Rule of construction.—</heading><content style="-uslm-dtd:text">This subsection shall not be construed to limit the use of other remedies available to the head of an executive agency or any other official of the Federal Government on the basis of a determination of a false certification under paragraph (1).</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="5">“(5) </num><heading style="-uslm-dtd:header">Waivers.—</heading><content style="-uslm-dtd:text">The President may on a case-by-case basis waive the requirement that a person make a certification under paragraph (1) if the President determines and certifies in writing to the appropriate congressional committees, the Committee on Armed Services of the Senate, and the Committee on Armed Services of the House of Representatives, that it is in the national interest of the United States to do so.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="6">“(6) </num><heading style="-uslm-dtd:header">Executive agency defined.—</heading><content style="-uslm-dtd:text">In this subsection, the term ‘<term style="-uslm-dtd:term">executive agency</term>’ has the meaning given that term in section 4 of the Office of Federal Procurement Policy Act (41 U.S.C. 403).</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="7">“(7) </num><heading style="-uslm-dtd:header">Applicability.—</heading><content style="-uslm-dtd:text">The revisions to the Federal Acquisition Regulation required under paragraph (1) shall apply with respect to contracts for which solicitations are issued on or after the date that is 90 days after the date of the enactment of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010.”</content> </paragraph> </subsection></quotedContent>.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s102/c" styleType="OLC"> <num style="-uslm-dtd:enum" value="c">(c) </num><heading style="-uslm-dtd:header">Presidential Waiver.—</heading><chapeau style="-uslm-dtd:text">Section 9 of such Act is amended—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/c/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">in subsection (a), by striking “<quotedText style="-uslm-dtd:quote">5(b)</quotedText>” each place it appears and inserting “<quotedText style="-uslm-dtd:quote">5(b)(1)</quotedText>”; and</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/c/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><chapeau style="-uslm-dtd:text">in subsection (c)—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/c/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">by striking “<quotedText style="-uslm-dtd:quote">section 5(a) or (b)</quotedText>” each place it appears and inserting “<quotedText style="-uslm-dtd:quote">section 5(a) or 5(b)(1)</quotedText>”;</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/c/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">in paragraph (1), by striking “<quotedText style="-uslm-dtd:quote">important to the national interest</quotedText>” and inserting “<quotedText style="-uslm-dtd:quote">necessary to the national interest</quotedText>”; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/c/2/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><content style="-uslm-dtd:text">in paragraph (2), by striking subparagraph (C) and inserting the following:<quotedContent style="-uslm-dtd:quoted-block"> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">“(C) </num><chapeau style="-uslm-dtd:text">an estimate of the significance of the conduct of the person in contributing to the ability of Iran to, as the case may be—</chapeau> <clause style="-uslm-dtd:clause" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">“(i) </num><content style="-uslm-dtd:text">develop petroleum resources, produce refined petroleum products, or import refined petroleum products; or</content> </clause> <clause style="-uslm-dtd:clause" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">“(ii) </num><chapeau style="-uslm-dtd:text">acquire or develop—</chapeau> <subclause style="-uslm-dtd:subclause" styleType="OLC"> <num style="-uslm-dtd:enum" value="I">“(I) </num><content style="-uslm-dtd:text">chemical, biological, or nuclear weapons or related technologies; or</content> </subclause> <subclause style="-uslm-dtd:subclause" styleType="OLC"> <num style="-uslm-dtd:enum" value="II">“(II) </num><content style="-uslm-dtd:text">destabilizing numbers and types of advanced conventional weapons; and”</content> </subclause> </clause> </subparagraph></quotedContent>.</content> </subparagraph> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s102/d" styleType="OLC"> <num style="-uslm-dtd:enum" value="d">(d) </num><heading style="-uslm-dtd:header">Reports on Global Trade Relating to Iran.—</heading><content style="-uslm-dtd:text">Section 10 of such Act is amended by adding at the end the following:<quotedContent style="-uslm-dtd:quoted-block"> <subsection style="-uslm-dtd:subsection" styleType="OLC"> <num style="-uslm-dtd:enum" value="d">“(d) </num><heading style="-uslm-dtd:header">Reports on Global Trade Relating to Iran.—</heading><content style="-uslm-dtd:text">Not later than 90 days after the date of the enactment of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010, and annually thereafter, the President shall submit to the appropriate congressional committees a report, with respect to the most recent 12-month period for which data are available, on the dollar value amount of trade, including in the energy sector, between Iran and each country maintaining membership in the Group of 20 Finance Ministers and Central Bank Governors.”</content> </subsection></quotedContent>.</content> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s102/e" styleType="OLC"> <num style="-uslm-dtd:enum" value="e">(e) </num><heading style="-uslm-dtd:header">Extension of Iran Sanctions Act of 1996.—</heading><content style="-uslm-dtd:text">Section 13(b) of such Act is amended by striking “<quotedText style="-uslm-dtd:quote">December 31, 2011</quotedText>” and inserting “<quotedText style="-uslm-dtd:quote">December 31, 2016</quotedText>”.</content> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s102/f" styleType="OLC"> <num style="-uslm-dtd:enum" value="f">(f) </num><heading style="-uslm-dtd:header">Clarification and Expansion of Definitions.—</heading><chapeau style="-uslm-dtd:text">Section 14 of such Act is amended—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/f/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">in paragraph (2), by striking “<quotedText style="-uslm-dtd:quote">the Committee on Banking and Financial Services, and the Committee on International Relations</quotedText>” and inserting “<quotedText style="-uslm-dtd:quote">the Committee on Financial Services, and the Committee on Foreign Affairs</quotedText>”;</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/f/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">in paragraph (9), in the flush text following subparagraph (C), by striking “<quotedText style="-uslm-dtd:quote">The term ‘<term style="-uslm-dtd:term">investment</term>’ does not include</quotedText>” and all that follows through “<quotedText style="-uslm-dtd:quote">technology.</quotedText>”;</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/f/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><content style="-uslm-dtd:text">by redesignating paragraphs (12), (13), (14), (15), and (16) as paragraphs (13), (14), (15), (17), and (18), respectively;</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/f/4" styleType="OLC"> <num style="-uslm-dtd:enum" value="4">(4) </num><content style="-uslm-dtd:text">by inserting after paragraph (11) the following:<quotedContent style="-uslm-dtd:quoted-block"> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="12">“(12) </num><heading style="-uslm-dtd:header">Knowingly.—</heading><content style="-uslm-dtd:text">The term ‘<term style="-uslm-dtd:term">knowingly</term>’, with respect to conduct, a circumstance, or a result, means that a person has actual knowledge, or should have known, of the conduct, the circumstance, or the result.”</content> </paragraph></quotedContent>;</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/f/5" styleType="OLC"> <num style="-uslm-dtd:enum" value="5">(5) </num><chapeau style="-uslm-dtd:text">in paragraph (14), as redesignated by paragraph (3) of this subsection—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/f/5/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">by redesignating subparagraphs (A), (B), and (C) as clauses (i), (ii), and (iii), respectively, and moving such clauses, as so redesignated, 2 ems to the right;</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/f/5/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">by striking “<quotedText style="-uslm-dtd:quote">The term ‘<term style="-uslm-dtd:term">person</term>’ means—</quotedText>” and inserting the following:<quotedContent style="-uslm-dtd:quoted-block"> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">“(A) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">The term ‘<term style="-uslm-dtd:term">person</term>’ means—”</content> </subparagraph></quotedContent>;</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/f/5/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><chapeau style="-uslm-dtd:text">in subparagraph (A), as redesignated by this paragraph—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s102/f/5/C/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">in clause (ii), by inserting “<quotedText style="-uslm-dtd:quote">financial institution, insurer, underwriter, guarantor, and any other business organization,</quotedText>” after “<quotedText style="-uslm-dtd:quote">trust,</quotedText>”; and</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s102/f/5/C/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><content style="-uslm-dtd:text">in clause (iii), by striking “<quotedText style="-uslm-dtd:quote">subparagraph (B)</quotedText>” and inserting “<quotedText style="-uslm-dtd:quote">clause (ii)</quotedText>”; and</content> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/f/5/D" styleType="OLC"> <num style="-uslm-dtd:enum" value="D">(D) </num><content style="-uslm-dtd:text">by adding at the end the following:<quotedContent style="-uslm-dtd:quoted-block"> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">“(B) </num><heading style="-uslm-dtd:header">Application to governmental entities.—</heading><content style="-uslm-dtd:text">The term ‘<term style="-uslm-dtd:term">person</term>’ does not include a government or governmental entity that is not operating as a business enterprise.”</content> </subparagraph></quotedContent>;</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/f/6" styleType="OLC"> <num style="-uslm-dtd:enum" value="6">(6) </num><content style="-uslm-dtd:text">in paragraph (15), as redesignated by paragraph (3) of this subsection, by striking “<quotedText style="-uslm-dtd:quote">petroleum and natural gas resources</quotedText>” and inserting “<quotedText style="-uslm-dtd:quote">petroleum, refined petroleum products, oil or liquefied natural gas, natural gas resources, oil or liquefied natural gas tankers, and products used to construct or maintain pipelines used to transport oil or liquefied natural gas</quotedText>”; and</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/f/7" styleType="OLC"> <num style="-uslm-dtd:enum" value="7">(7) </num><content style="-uslm-dtd:text">by inserting after paragraph (15), as so redesignated, the following:<quotedContent style="-uslm-dtd:quoted-block"> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="16">“(16) </num><heading style="-uslm-dtd:header">Refined petroleum products.—</heading><content style="-uslm-dtd:text">The term ‘<term style="-uslm-dtd:term">refined petroleum products</term>’ means diesel, gasoline, jet fuel (including naphtha-type and kerosene-type jet fuel), and aviation gasoline.”</content> </paragraph></quotedContent>.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s102/g" styleType="OLC"> <num style="-uslm-dtd:enum" value="g">(g) </num><heading style="-uslm-dtd:header">Waiver for Certain Persons in Certain Countries; Mandatory Investigations and Reporting; Conforming Amendments.—</heading><chapeau style="-uslm-dtd:text">Section 4 of such Act is amended—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/g/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">in subsection (b)(2), by striking “<quotedText style="-uslm-dtd:quote">(in addition to that provided in subsection (d))</quotedText>”;</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/g/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><chapeau style="-uslm-dtd:text">in subsection (c)—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/g/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><chapeau style="-uslm-dtd:text">in paragraph (1)—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s102/g/2/A/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">by striking “<quotedText style="-uslm-dtd:quote">The President may</quotedText>” and inserting the following:<quotedContent style="-uslm-dtd:quoted-block"> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">“(A) </num><heading style="-uslm-dtd:header">General waiver.—</heading><content style="-uslm-dtd:text">The President may”</content> </subparagraph></quotedContent>; and</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s102/g/2/A/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><content style="-uslm-dtd:text">by adding at the end the following:<quotedContent style="-uslm-dtd:quoted-block"> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">“(B) </num><heading style="-uslm-dtd:header">Waiver with respect to persons in countries that cooperate in multilateral efforts with respect to iran.—</heading><chapeau style="-uslm-dtd:text">The President may, on a case by case basis, waive for a period of not more than 12 months the application of section 5(a) with respect to a person if the President, at least 30 days before the waiver is to take effect—</chapeau> <clause style="-uslm-dtd:clause" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">“(i) </num><chapeau style="-uslm-dtd:text">certifies to the appropriate congressional committees that—</chapeau> <subclause style="-uslm-dtd:subclause" styleType="OLC"> <num style="-uslm-dtd:enum" value="I">“(I) </num><chapeau style="-uslm-dtd:text">the government with primary jurisdiction over the person is closely cooperating with the United States in multilateral efforts to prevent Iran from—</chapeau> <item style="-uslm-dtd:item" styleType="OLC"> <num style="-uslm-dtd:enum" value="aa">“(aa) </num><content style="-uslm-dtd:text">acquiring or developing chemical, biological, or nuclear weapons or related technologies; or</content> </item> <item style="-uslm-dtd:item" styleType="OLC"> <num style="-uslm-dtd:enum" value="bb">“(bb) </num><content style="-uslm-dtd:text">acquiring or developing destabilizing numbers and types of advanced conventional weapons; and</content> </item> </subclause> <subclause style="-uslm-dtd:subclause" styleType="OLC"> <num style="-uslm-dtd:enum" value="II">“(II) </num><content style="-uslm-dtd:text">such a waiver is vital to the national security interests of the United States; and</content> </subclause> </clause> <clause style="-uslm-dtd:clause" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">“(ii) </num><chapeau style="-uslm-dtd:text">submits to the appropriate congressional committees a report identifying—</chapeau> <subclause style="-uslm-dtd:subclause" styleType="OLC"> <num style="-uslm-dtd:enum" value="I">“(I) </num><content style="-uslm-dtd:text">the person with respect to which the President waives the application of sanctions; and</content> </subclause> <subclause style="-uslm-dtd:subclause" styleType="OLC"> <num style="-uslm-dtd:enum" value="II">“(II) </num><content style="-uslm-dtd:text">the actions taken by the government described in clause (i)(I) to cooperate in multilateral efforts described in that clause.”</content> </subclause> </clause> </subparagraph></quotedContent>; and</content> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/g/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">by striking paragraph (2) and inserting the following:<quotedContent style="-uslm-dtd:quoted-block"> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">“(2) </num><heading style="-uslm-dtd:header">Subsequent renewal of waiver.—</heading><chapeau style="-uslm-dtd:text">At the conclusion of the period of a waiver under subparagraph (A) or (B) of paragraph (1), the President may renew the waiver—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">“(A) </num><content style="-uslm-dtd:text">if the President determines, in accordance with subparagraph (A) or (B) of that paragraph (as the case may be), that the waiver is appropriate; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">“(B)</num><clause style="-uslm-dtd:clause" styleType="OLC" class="inline"><num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">in the case of a waiver under subparagraph (A) of paragraph (1), for subsequent periods of not more than six months each; and</content></clause> <clause style="-uslm-dtd:clause" styleType="OLC" class="leftIndentDecrease1"> <num style="-uslm-dtd:enum" value="ii">“(ii) </num><content style="-uslm-dtd:text">in the case of a waiver under subparagraph (B) of paragraph (1), for subsequent periods of not more than 12 months each.”</content> </clause> </subparagraph> </paragraph></quotedContent>;</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/g/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><content style="-uslm-dtd:text">by striking subsection (d);</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/g/4" styleType="OLC"> <num style="-uslm-dtd:enum" value="4">(4) </num><content style="-uslm-dtd:text">by redesignating subsections (e) and (f) as subsections (d) and (e), respectively; and</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/g/5" styleType="OLC"> <num style="-uslm-dtd:enum" value="5">(5) </num><chapeau style="-uslm-dtd:text">in subsection (e), as redesignated by paragraph (4) of this subsection—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/g/5/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><chapeau style="-uslm-dtd:text">in paragraph (1)—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s102/g/5/A/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">by striking “<quotedText style="-uslm-dtd:quote">should initiate</quotedText>” and inserting “<quotedText style="-uslm-dtd:quote">shall initiate</quotedText>”; and</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s102/g/5/A/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><content style="-uslm-dtd:text">by striking “<quotedText style="-uslm-dtd:quote">investment activity in Iran as</quotedText>” and inserting “<quotedText style="-uslm-dtd:quote">an activity</quotedText>”;</content> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/g/5/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><chapeau style="-uslm-dtd:text">in paragraph (2)—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s102/g/5/B/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">by striking “<quotedText style="-uslm-dtd:quote">should determine</quotedText>” and inserting “<quotedText style="-uslm-dtd:quote">shall (unless paragraph (3) applies) determine</quotedText>”; and</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s102/g/5/B/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><content style="-uslm-dtd:text">by striking “<quotedText style="-uslm-dtd:quote">investment activity in Iran as</quotedText>” and inserting “<quotedText style="-uslm-dtd:quote">an activity</quotedText>”; and</content> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/g/5/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><content style="-uslm-dtd:text">by adding at the end the following:<quotedContent style="-uslm-dtd:quoted-block"> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">“(3) </num><heading style="-uslm-dtd:header">Special rule.—</heading><chapeau style="-uslm-dtd:text">The President need not initiate an investigation, and may terminate an investigation, under this subsection if the President certifies in writing to the appropriate congressional committees that—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">“(A) </num><content style="-uslm-dtd:text">the person whose activity was the basis for the investigation is no longer engaging in the activity or has taken significant verifiable steps toward stopping the activity; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">“(B) </num><content style="-uslm-dtd:text">the President has received reliable assurances that the person will not knowingly engage in an activity described in section 5(a) in the future.”</content> </subparagraph> </paragraph></quotedContent>.</content> </subparagraph> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s102/h" styleType="OLC"> <num style="-uslm-dtd:enum" value="h">(h) </num><heading style="-uslm-dtd:header">Effective Date.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/h/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><chapeau style="-uslm-dtd:text">The amendments made by this section shall—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/h/1/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">take effect on the date of the enactment of this Act; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/h/1/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">except as provided in this subsection or section 6(b)(7) of the Iran Sanctions Act of 1996, as amended by subsection (b) of this section, apply with respect to an investment or activity described in subsection (a) or (b) of section 5 of the Iran Sanctions Act of 1996, as amended by this section, that is commenced on or after such date of enactment.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/h/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Applicability to ongoing investments prohibited under prior law.—</heading><content style="-uslm-dtd:text">A person that makes an investment described in section 5(a) of the Iran Sanctions Act of 1996, as in effect on the day before the date of the enactment of this Act, that is commenced before such date of enactment and continues on or after such date of enactment, shall, except as provided in paragraph (4), be subject to the provisions of the Iran Sanctions Act of 1996, as in effect on the day before such date of enactment.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/h/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><heading style="-uslm-dtd:header">Applicability to ongoing activities relating to chemical, biological, or nuclear weapons or related technologies.—</heading><content style="-uslm-dtd:text">A person that, before the date of the enactment of this Act, commenced an activity described in section 5(b) of the Iran Sanctions Act of 1996, as in effect on the day before such date of enactment, and continues the activity on or after such date of enactment, shall be subject to the provisions of the Iran Sanctions Act of 1996, as amended by this Act.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/h/4" styleType="OLC"> <num style="-uslm-dtd:enum" value="4">(4) </num><heading style="-uslm-dtd:header">Applicability of mandatory investigations to investments.—</heading><chapeau style="-uslm-dtd:text">The amendments made by subsection (g)(5) of this section shall apply on and after the date of the enactment of this Act—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/h/4/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">with respect to an investment described in section 5(a)(1) of the Iran Sanctions Act of 1996, as amended by subsection (a) of this section, that is commenced on or after such date of enactment; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/h/4/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">with respect to an investment described in section 5(a) of the Iran Sanctions Act of 1996, as in effect on the day before the date of the enactment of this Act, that is commenced before such date of enactment and continues on or after such date of enactment.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/h/5" styleType="OLC"> <num style="-uslm-dtd:enum" value="5">(5) </num><heading style="-uslm-dtd:header">Applicability of mandatory investigations to activities relating to petroleum.—</heading> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/h/5/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">Except as provided in subparagraph (B), the amendments made by subsection (g)(5) of this section shall apply on and after the date that is 1 year after the date of the enactment of this Act with respect to an activity described in paragraph (2) or (3) of section 5(a) of the Iran Sanctions Act of 1996, as amended by subsection (a) of this section, that is commenced on or after the date that is 1 year after the date of the enactment of this Act or the date on which the President fails to submit a certification that is required under subparagraph (B) (whichever is applicable).</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/h/5/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><heading style="-uslm-dtd:header">Special rule for delay of effective date.—</heading> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s102/h/5/B/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><heading style="-uslm-dtd:header">Reporting requirement.—</heading><chapeau style="-uslm-dtd:text">Not later than 30 days before the date that is 1 year after the date of the enactment of this Act, the President shall submit to the appropriate congressional committees a report describing—</chapeau> <subclause style="-uslm-dtd:subclause" identifier="/us/sComp/111/195/tI/s102/h/5/B/i/I" styleType="OLC"> <num style="-uslm-dtd:enum" value="I">(I) </num><chapeau style="-uslm-dtd:text">the diplomatic and other efforts of the President—</chapeau> <item style="-uslm-dtd:item" identifier="/us/sComp/111/195/tI/s102/h/5/B/i/I/aa" styleType="OLC"> <num style="-uslm-dtd:enum" value="aa">(aa) </num><content style="-uslm-dtd:text">to dissuade foreign persons from engaging in activities described in paragraph (2) or (3) of section 5(a) of the Iran Sanctions Act of 1996, as amended by subsection (a) of this section; and</content> </item> <item style="-uslm-dtd:item" identifier="/us/sComp/111/195/tI/s102/h/5/B/i/I/bb" styleType="OLC"> <num style="-uslm-dtd:enum" value="bb">(bb) </num><content style="-uslm-dtd:text">to encourage other governments to dissuade persons over which those governments have jurisdiction from engaging in such activities;</content> </item> </subclause> <subclause style="-uslm-dtd:subclause" identifier="/us/sComp/111/195/tI/s102/h/5/B/i/II" styleType="OLC"> <num style="-uslm-dtd:enum" value="II">(II) </num><content style="-uslm-dtd:text">the successes and failures of the efforts described in subclause (I); and</content> </subclause> <subclause style="-uslm-dtd:subclause" identifier="/us/sComp/111/195/tI/s102/h/5/B/i/III" styleType="OLC"> <num style="-uslm-dtd:enum" value="III">(III) </num><content style="-uslm-dtd:text">each investigation under section 4(e) of the Iran Sanctions Act of 1996, as amended by subsection (g)(5) of this section and as in effect pursuant to subparagraph (C) of this paragraph, or any other review of an activity described in paragraph (2) or (3) of section 5(a) of the Iran Sanctions Act of 1996, as amended by subsection (a) of this section, that is initiated or ongoing during the period beginning on the date of the enactment of this Act and ending on the date on which the President is required to submit the report.</content> </subclause> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s102/h/5/B/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><heading style="-uslm-dtd:header">Certification.—</heading><content style="-uslm-dtd:text">If the President submits to the appropriate congressional committees, with the report required by clause (i), a certification that there was a substantial reduction in activities described in paragraphs (2) and (3) of section 5(a) of the Iran Sanctions Act of 1996, as amended by subsection (a) of this section, during the period described in clause (i)(III), the effective date provided for in subparagraph (A) shall be delayed for a 180-day period beginning after the date provided for in that subparagraph.</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s102/h/5/B/iii" styleType="OLC"> <num style="-uslm-dtd:enum" value="iii">(iii) </num><heading style="-uslm-dtd:header">Subsequent reports and delays.—</heading><chapeau style="-uslm-dtd:text">The effective date provided for in subparagraph (A) shall be delayed for additional 180-day periods occurring after the end of the 180-day period provided for under clause (ii), if, not later than 30 days before the 180-day period preceding such additional 180-day period expires, the President submits to the appropriate congressional committees—</chapeau> <subclause style="-uslm-dtd:subclause" identifier="/us/sComp/111/195/tI/s102/h/5/B/iii/I" styleType="OLC"> <num style="-uslm-dtd:enum" value="I">(I) </num><content style="-uslm-dtd:text">a report containing the matters required in the report under clause (i) for the period beginning on the date on which the preceding report was required to be submitted under clause (i) or this clause (as the case may be) and ending on the date on which the President is required to submit the most recent report under this clause; and</content> </subclause> <subclause style="-uslm-dtd:subclause" identifier="/us/sComp/111/195/tI/s102/h/5/B/iii/II" styleType="OLC"> <num style="-uslm-dtd:enum" value="II">(II) </num><content style="-uslm-dtd:text">a certification that, during the period described in subclause (I), there was (as compared to the period for which the preceding report was submitted under this subparagraph) a progressive reduction in activities described in paragraphs (2) and (3) of section 5(a) of the Iran Sanctions Act of 1996, as amended by subsection (a) of this section.</content> </subclause> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s102/h/5/B/iv" styleType="OLC"> <num style="-uslm-dtd:enum" value="iv">(iv) </num><heading style="-uslm-dtd:header">Consequence of failure to certify.—</heading><chapeau style="-uslm-dtd:text">If the President does not make a certification at a time required by this subparagraph—</chapeau> <subclause style="-uslm-dtd:subclause" identifier="/us/sComp/111/195/tI/s102/h/5/B/iv/I" styleType="OLC"> <num style="-uslm-dtd:enum" value="I">(I) </num><chapeau style="-uslm-dtd:text">the amendments made by subsection (g)(5) of this section shall apply on and after the date on which the certification was required to be submitted by this subparagraph, with respect to an activity described in paragraph (2) or (3) of section 5(a) of the Iran Sanctions Act of 1996, as amended by subsection (a) of this section, that—</chapeau> <item style="-uslm-dtd:item" identifier="/us/sComp/111/195/tI/s102/h/5/B/iv/I/aa" styleType="OLC"> <num style="-uslm-dtd:enum" value="aa">(aa) </num><content style="-uslm-dtd:text">is referenced in the most recent report required to be submitted under this subparagraph; or</content> </item> <item style="-uslm-dtd:item" identifier="/us/sComp/111/195/tI/s102/h/5/B/iv/I/bb" styleType="OLC"> <num style="-uslm-dtd:enum" value="bb">(bb) </num><content style="-uslm-dtd:text">is commenced on or after the date on which such most recent report is required to be submitted; and</content> </item> </subclause> <subclause style="-uslm-dtd:subclause" identifier="/us/sComp/111/195/tI/s102/h/5/B/iv/II" styleType="OLC"> <num style="-uslm-dtd:enum" value="II">(II) </num><content style="-uslm-dtd:text">not later than 45 days after the date on which the certification was required to be submitted by this subparagraph, the President shall make a determination under paragraph (2) or (3) of section 5(a) of the Iran Sanctions Act of 1996 (as the case may be), as amended by subsection (a) of this section, with respect to relevant activities described in subclause (I)(aa).</content> </subclause> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s102/h/5/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><heading style="-uslm-dtd:header">Applicability of permissive investigations.—</heading><content style="-uslm-dtd:text">During the 1-year period beginning on the date of the enactment of this Act and during any 180-day period during which the effective date provided for in subparagraph (A) is delayed pursuant to subparagraph (B), section 4(e) of the Iran Sanctions Act of 1996, as amended by subsection (g)(5) of this section, shall be applied, with respect to an activity described in paragraph (2) or (3) of section 5(a) of the Iran Sanctions Act of 1996, as amended by subsection (a) of this section, by substituting “<quotedText style="-uslm-dtd:quote">should</quotedText>” for “<quotedText style="-uslm-dtd:quote">shall</quotedText>” each place it appears.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s102/h/6" styleType="OLC"> <num style="-uslm-dtd:enum" value="6">(6) </num><heading style="-uslm-dtd:header">Waiver authority.—</heading><content style="-uslm-dtd:text">The amendments made by subsection (c) shall not be construed to affect any exercise of the authority under section 9(c) of the Iran Sanctions Act of 1996, as in effect on the day before the date of the enactment of this Act.</content> </paragraph> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tI/s103" styleType="OLC"> <num style="-uslm-dtd:enum" value="103">SEC. 103. </num><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t22/s8512">22 U.S.C. 8512</ref><b>]</b> </editorialNote><heading style="-uslm-dtd:header">ECONOMIC SANCTIONS RELATING TO IRAN. </heading> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s103/a" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">(a) </num><heading style="-uslm-dtd:header">In General.—</heading><content style="-uslm-dtd:text">Notwithstanding section 101 of the Iran Freedom Support Act (Public Law 109–293; 120 Stat. 1344), and in addition to any other sanction in effect, beginning on the date that is 90 days after the date of the enactment of this Act, the economic sanctions described in subsection (b) shall apply with respect to Iran.</content> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s103/b" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">(b) </num><heading style="-uslm-dtd:header">Sanctions.—</heading><chapeau style="-uslm-dtd:text">The sanctions described in this subsection are the following:</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s103/b/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">Prohibition on imports.—</heading> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s103/b/1/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">Except as provided in subparagraph (B), no good or service of Iranian origin may be imported directly or indirectly into the United States.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s103/b/1/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><heading style="-uslm-dtd:header">Exceptions.—</heading><content style="-uslm-dtd:text">The exceptions provided for in section 203(b) of the International Emergency Economic Powers Act (50 U.S.C. 1702(b)), including the exception for information and informational materials, shall apply to the prohibition in subparagraph (A) of this paragraph to the same extent that such exceptions apply to the authority provided under section 203(a) of that Act.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s103/b/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Prohibition on exports.—</heading> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s103/b/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">Except as provided in subparagraph (B), no good, service, or technology of United States origin may be exported to Iran from the United States or by a United States person, wherever located.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s103/b/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><heading style="-uslm-dtd:header">Exceptions.—</heading> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s103/b/2/B/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><heading style="-uslm-dtd:header">Personal communications; articles to relieve human suffering; information and informational materials; transactions incident to travel.—</heading><content style="-uslm-dtd:text">The exceptions provided for in section 203(b) of the International Emergency Economic Powers Act (50 U.S.C. 1702(b)), including the exception for information and informational materials, shall apply to the prohibition in subparagraph (A) of this paragraph to the same extent that such exceptions apply to the authority provided under section 203(a) of that Act.</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s103/b/2/B/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><heading style="-uslm-dtd:header">Food; medicine; humanitarian assistance.—</heading><chapeau style="-uslm-dtd:text">The prohibition in subparagraph (A) shall not apply to the exportation of—</chapeau> <subclause style="-uslm-dtd:subclause" identifier="/us/sComp/111/195/tI/s103/b/2/B/ii/I" styleType="OLC"> <num style="-uslm-dtd:enum" value="I">(I) </num><content style="-uslm-dtd:text">agricultural commodities, food, medicine, or medical devices; or</content> </subclause> <subclause style="-uslm-dtd:subclause" identifier="/us/sComp/111/195/tI/s103/b/2/B/ii/II" styleType="OLC"> <num style="-uslm-dtd:enum" value="II">(II) </num><content style="-uslm-dtd:text">articles exported to Iran to provide humanitarian assistance to the people of Iran.</content> </subclause> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s103/b/2/B/iii" styleType="OLC"> <num style="-uslm-dtd:enum" value="iii">(iii) </num><heading style="-uslm-dtd:header">Internet communications.—</heading><chapeau style="-uslm-dtd:text">The prohibition in subparagraph (A) shall not apply to the exportation of—</chapeau> <subclause style="-uslm-dtd:subclause" identifier="/us/sComp/111/195/tI/s103/b/2/B/iii/I" styleType="OLC"> <num style="-uslm-dtd:enum" value="I">(I) </num><content style="-uslm-dtd:text">services incident to the exchange of personal communications over the Internet or software necessary to enable such services, as provided for in section 560.540 of title 31, Code of Federal Regulations (or any corresponding similar regulation or ruling);</content> </subclause> <subclause style="-uslm-dtd:subclause" identifier="/us/sComp/111/195/tI/s103/b/2/B/iii/II" styleType="OLC"> <num style="-uslm-dtd:enum" value="II">(II) </num><content style="-uslm-dtd:text">hardware necessary to enable such services; or</content> </subclause> <subclause style="-uslm-dtd:subclause" identifier="/us/sComp/111/195/tI/s103/b/2/B/iii/III" styleType="OLC"> <num style="-uslm-dtd:enum" value="III">(III) </num><content style="-uslm-dtd:text">hardware, software, or technology necessary for access to the Internet.</content> </subclause> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s103/b/2/B/iv" styleType="OLC"> <num style="-uslm-dtd:enum" value="iv">(iv) </num><heading style="-uslm-dtd:header">Goods, services, or technologies necessary to ensure the safe operation of commercial aircraft.—</heading><content style="-uslm-dtd:text">The prohibition in subparagraph (A) shall not apply to the exportation of goods, services, or technologies necessary to ensure the safe operation of commercial aircraft produced in the United States or commercial aircraft into which aircraft components produced in the United States are incorporated, if the exportation of such goods, services, or technologies is approved by the Secretary of the Treasury, in consultation with the Secretary of Commerce, pursuant to regulations issued by the Secretary of the Treasury regarding the exportation of such goods, services, or technologies, if appropriate.</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s103/b/2/B/v" styleType="OLC"> <num style="-uslm-dtd:enum" value="v">(v) </num><heading style="-uslm-dtd:header">Goods, services, or technologies exported to support international organizations.—</heading><chapeau style="-uslm-dtd:text">The prohibition in subparagraph (A) shall not apply to the exportation of goods, services, or technologies that—</chapeau> <subclause style="-uslm-dtd:subclause" identifier="/us/sComp/111/195/tI/s103/b/2/B/v/I" styleType="OLC"> <num style="-uslm-dtd:enum" value="I">(I) </num><content style="-uslm-dtd:text">are provided to the International Atomic Energy Agency and are necessary to support activities of that Agency in Iran; or</content> </subclause> <subclause style="-uslm-dtd:subclause" identifier="/us/sComp/111/195/tI/s103/b/2/B/v/II" styleType="OLC"> <num style="-uslm-dtd:enum" value="II">(II) </num><content style="-uslm-dtd:text">are necessary to support activities, including the activities of nongovernmental organizations, relating to promoting democracy in Iran.</content> </subclause> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s103/b/2/B/vi" styleType="OLC"> <num style="-uslm-dtd:enum" value="vi">(vi) </num><heading style="-uslm-dtd:header">Exports in the national interest.—</heading><content style="-uslm-dtd:text">The prohibition in subparagraph (A) shall not apply to the exportation of goods, services, or technologies if the President determines the exportation of such goods, services, or technologies to be in the national interest of the United States.</content> </clause> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s103/b/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><heading style="-uslm-dtd:header">Freezing assets.—</heading> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s103/b/3/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><heading style="-uslm-dtd:header">In general.—</heading><chapeau style="-uslm-dtd:text">At such time as the President determines that a person in Iran, including an Iranian diplomat or representative of another government or military or quasi-governmental institution of Iran (including Iran's Revolutionary Guard Corps and its affiliates), satisfies the criteria for designation with respect to the imposition of sanctions under the authority of the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), the President shall take such action as may be necessary to freeze, as soon as possible—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s103/b/3/A/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">the funds and other assets belonging to that person; and</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s103/b/3/A/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><content style="-uslm-dtd:text">any funds or other assets that person transfers, on or after the date on which the President determines the person satisfies such criteria, to any family member or associate acting for or on behalf of the person.</content> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s103/b/3/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><heading style="-uslm-dtd:header">Reports to the office of foreign assets control.—</heading><content style="-uslm-dtd:text">The action described in subparagraph (A) includes requiring any United States financial institution that holds funds or assets of a person described in that subparagraph or funds or assets that person transfers to a family member or associate described in that subparagraph to report promptly to the Office of Foreign Assets Control information regarding such funds and assets.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s103/b/3/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><heading style="-uslm-dtd:header">Reports to congress.—</heading><content style="-uslm-dtd:text">Not later than 14 days after a decision is made to freeze the funds or assets of any person under subparagraph (A), the President shall report the name of the person to the appropriate congressional committees. Such a report may contain a classified annex.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s103/b/3/D" styleType="OLC"> <num style="-uslm-dtd:enum" value="D">(D) </num><heading style="-uslm-dtd:header">Termination.—</heading><content style="-uslm-dtd:text">The President shall release assets or funds frozen under subparagraph (A) if the person to which the assets or funds belong or the person that transfers the assets or funds as described in subparagraph (A)(ii) (as the case may be) no longer satisfies the criteria for designation with respect to the imposition of sanctions under the authority of the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.).</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s103/b/3/E" styleType="OLC"> <num style="-uslm-dtd:enum" value="E">(E) </num><heading style="-uslm-dtd:header">United states financial institution defined.—</heading><content style="-uslm-dtd:text">In this paragraph, the term “<term style="-uslm-dtd:term">United States financial institution</term>” means a financial institution (as defined in section 14 of the Iran Sanctions Act of 1996 (Public Law 104–172; 50 U.S.C. 1701 note)) that is a United States person.</content> </subparagraph> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s103/c" styleType="OLC"> <num style="-uslm-dtd:enum" value="c">(c) </num><heading style="-uslm-dtd:header">Penalties.—</heading><content style="-uslm-dtd:text">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 this section or regulations prescribed under 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.</content> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s103/d" styleType="OLC"> <num style="-uslm-dtd:enum" value="d">(d) </num><heading style="-uslm-dtd:header">Regulatory Authority.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s103/d/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">The President shall prescribe regulations to carry out this section, which may include regulatory exceptions to the sanctions described in subsection (b).</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s103/d/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Applicability of certain regulations.—</heading><chapeau style="-uslm-dtd:text">No exception to the prohibition under subsection (b)(1) may be made for the commercial importation of an Iranian origin good described in section 560.534(a) of title 31, Code of Federal Regulations (as in effect on the day before the date of the enactment of this Act), unless the President—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s103/d/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">prescribes a regulation providing for such an exception on or after the date of the enactment of this Act; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s103/d/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><chapeau style="-uslm-dtd:text">submits to the appropriate congressional committees—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s103/d/2/B/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">a certification in writing that the exception is in the national interest of the United States; and</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s103/d/2/B/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><content style="-uslm-dtd:text">a report describing the reasons for the exception.</content> </clause> </subparagraph> </paragraph> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tI/s104" styleType="OLC"> <num style="-uslm-dtd:enum" value="104">SEC. 104. </num><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t22/s8513">22 U.S.C. 8513</ref><b>]</b> </editorialNote><heading style="-uslm-dtd:header">MANDATORY SANCTIONS WITH RESPECT TO FINANCIAL INSTITUTIONS THAT ENGAGE IN CERTAIN TRANSACTIONS. </heading> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s104/a" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">(a) </num><heading style="-uslm-dtd:header">Findings.—</heading><chapeau style="-uslm-dtd:text">Congress makes the following findings:</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/a/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">The Financial Action Task Force is an intergovernmental body whose purpose is to develop and promote national and international policies to combat money laundering and terrorist financing.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/a/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">Thirty-three countries, plus the European Commission and the Cooperation Council for the Arab States of the Gulf, belong to the Financial Action Task Force. The member countries of the Financial Action Task Force include the United States, Canada, most countries in western Europe, Russia, the People's Republic of China, Japan, South Korea, Argentina, and Brazil.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/a/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><content style="-uslm-dtd:text">In 2008 the Financial Action Task Force extended its mandate to include addressing “<quotedText style="-uslm-dtd:quote">new and emerging threats such as proliferation financing</quotedText>”, meaning the financing of the proliferation of weapons of mass destruction, and published “<quotedText style="-uslm-dtd:quote">guidance papers</quotedText>” for members to assist them in implementing various United Nations Security Council resolutions dealing with weapons of mass destruction, including United Nations Security Council Resolutions 1737 (2006) and 1803 (2008), which deal specifically with proliferation by Iran.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/a/4" styleType="OLC"> <num style="-uslm-dtd:enum" value="4">(4) </num><chapeau style="-uslm-dtd:text">The Financial Action Task Force has repeatedly called on members—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/a/4/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">to advise financial institutions in their jurisdictions to give special attention to business relationships and transactions with Iran, including Iranian companies and financial institutions;</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/a/4/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">to apply effective countermeasures to protect their financial sectors from risks relating to money laundering and financing of terrorism that emanate from Iran;</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/a/4/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><content style="-uslm-dtd:text">to protect against correspondent relationships being used by Iran and Iranian companies and financial institutions to bypass or evade countermeasures and risk-mitigation practices; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/a/4/D" styleType="OLC"> <num style="-uslm-dtd:enum" value="D">(D) </num><content style="-uslm-dtd:text">to take into account risks relating to money laundering and financing of terrorism when considering requests by Iranian financial institutions to open branches and subsidiaries in their jurisdictions.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/a/5" styleType="OLC"> <num style="-uslm-dtd:enum" value="5">(5) </num><content style="-uslm-dtd:text">At a February 2010 meeting of the Financial Action Task Force, the Task Force called on members to apply countermeasures “<quotedText style="-uslm-dtd:quote">to protect the international financial system from the ongoing and substantial money laundering and terrorist financing (ML/TF) risks</quotedText>” emanating from Iran.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s104/b" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">(b) </num><heading style="-uslm-dtd:header">Sense of Congress Regarding the Imposition of Sanctions on the Central Bank of Iran.—</heading><chapeau style="-uslm-dtd:text">Congress—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/b/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">acknowledges the efforts of the United Nations Security Council to impose limitations on transactions involving Iranian financial institutions, including the Central Bank of Iran; and</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/b/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">urges the President, in the strongest terms, to consider immediately using the authority of the President to impose sanctions on the Central Bank of Iran and any other Iranian financial institution engaged in proliferation activities or support of terrorist groups.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s104/c" styleType="OLC"> <num style="-uslm-dtd:enum" value="c">(c) </num><heading style="-uslm-dtd:header">Prohibitions and Conditions With Respect to Certain Accounts Held by Foreign Financial Institutions.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/c/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">Not later than 90 days after the date of the enactment of this Act, the Secretary of the Treasury shall prescribe regulations to prohibit, or impose strict conditions on, the opening or maintaining in the United States of a correspondent account or a payable-through account by a foreign financial institution that the Secretary finds knowingly engages in an activity described in paragraph (2).</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/c/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Activities described.—</heading><chapeau style="-uslm-dtd:text">A foreign financial institution engages in an activity described in this paragraph if the foreign financial institution—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/c/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><chapeau style="-uslm-dtd:text">facilitates the efforts of the Government of Iran (including efforts of Iran's Revolutionary Guard Corps or any of its agents or affiliates)—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s104/c/2/A/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">to acquire or develop weapons of mass destruction or delivery systems for weapons of mass destruction; or</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s104/c/2/A/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><content style="-uslm-dtd:text">to provide support for organizations designated as foreign terrorist organizations under section 219(a) of the Immigration and Nationality Act (8 U.S.C. 1189(a)) or support for acts 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));</content> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/c/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><chapeau style="-uslm-dtd:text">facilitates the activities of—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s104/c/2/B/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">a person subject to financial sanctions pursuant to United Nations Security Council Resolution 1737 (2006), 1747 (2007), 1803 (2008), or 1929 (2010), or any other resolution that is agreed to by the Security Council and imposes sanctions with respect to Iran; or</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s104/c/2/B/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><content style="-uslm-dtd:text">a person acting on behalf of or at the direction of, or owned or controlled by, a person described in clause (i);</content> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/c/2/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><content style="-uslm-dtd:text">engages in money laundering to carry out an activity described in subparagraph (A) or (B);</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/c/2/D" styleType="OLC"> <num style="-uslm-dtd:enum" value="D">(D) </num><content style="-uslm-dtd:text">facilitates efforts by the Central Bank of Iran or any other Iranian financial institution to carry out an activity described in subparagraph (A) or (B); or</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/c/2/E" styleType="OLC"> <num style="-uslm-dtd:enum" value="E">(E) </num><chapeau style="-uslm-dtd:text">facilitates a significant transaction or transactions or provides significant financial services for—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s104/c/2/E/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">Iran's Revolutionary Guard Corps or any of its agents or affiliates whose property or interests in property are blocked pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.); or</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s104/c/2/E/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><chapeau style="-uslm-dtd:text">a person whose property or interests in property are blocked pursuant to that Act in connection with—</chapeau> <subclause style="-uslm-dtd:subclause" identifier="/us/sComp/111/195/tI/s104/c/2/E/ii/I" styleType="OLC"> <num style="-uslm-dtd:enum" value="I">(I) </num><content style="-uslm-dtd:text">Iran's proliferation of weapons of mass destruction or delivery systems for weapons of mass destruction; or</content> </subclause> <subclause style="-uslm-dtd:subclause" identifier="/us/sComp/111/195/tI/s104/c/2/E/ii/II" styleType="OLC"> <num style="-uslm-dtd:enum" value="II">(II) </num><content style="-uslm-dtd:text">Iran's support for international terrorism.</content> </subclause> </clause> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/c/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><heading style="-uslm-dtd:header">Penalties.—</heading><content style="-uslm-dtd:text">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 prescribed under paragraph (1) of this subsection to the same extent that such penalties apply to a person that commits an unlawful act described in section 206(a) of that Act.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/c/4" styleType="OLC"> <num style="-uslm-dtd:enum" value="4">(4) </num><heading style="-uslm-dtd:header">Determinations regarding nioc and nitc.—</heading> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/c/4/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><heading style="-uslm-dtd:header">Determinations.—</heading><chapeau style="-uslm-dtd:text">For purposes of paragraph (2)(E), the Secretary of the Treasury shall, not later than 45 days after the date of the enactment of the Iran Threat Reduction and Syria Human Rights Act of 2012—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s104/c/4/A/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">determine whether the NIOC or the NITC is an agent or affiliate of Iran's Revolutionary Guard Corps; and</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s104/c/4/A/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><content style="-uslm-dtd:text">submit to the appropriate congressional committees a report on the determinations made under clause (i), together with the reasons for those determinations.</content> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/c/4/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><heading style="-uslm-dtd:header">Form of report.—</heading><content style="-uslm-dtd:text">A report submitted under subparagraph (A)(ii) shall be submitted in unclassified form but may contain a classified annex.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/c/4/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><heading style="-uslm-dtd:header">Applicability with respect to petroleum transactions.—</heading> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s104/c/4/C/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><heading style="-uslm-dtd:header">Application of sanctions.—</heading><content style="-uslm-dtd:text">Except as provided in clause (ii), if the Secretary of the Treasury determines that the NIOC or the NITC is a person described in clause (i) or (ii) of paragraph (2)(E), the regulations prescribed under paragraph (1) shall apply with respect to a significant transaction or transactions or significant financial services knowingly facilitated or provided by a foreign financial institution for the NIOC or the NITC, as applicable, for the purchase of petroleum or petroleum products from Iran, only if a determination of the President under section 1245(d)(4)(B) of the National Defense Authorization Act for Fiscal Year 2012 (22 U.S.C. 8513a(d)(4)(B)) that there is a sufficient supply of petroleum and petroleum products produced in countries other than Iran to permit purchasers of petroleum and petroleum products from Iran to reduce significantly their purchases from Iran is in effect at the time of the transaction or the provision of the service.</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s104/c/4/C/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><heading style="-uslm-dtd:header">Exception for certain countries.—</heading><content style="-uslm-dtd:text">If the Secretary of the Treasury determines that the NIOC or the NITC is a person described in clause (i) or (ii) of paragraph (2)(E), the regulations prescribed under paragraph (1) shall not apply to a significant transaction or transactions or significant financial services knowingly facilitated or provided by a foreign financial institution for the NIOC or the NITC, as applicable, for the purchase of petroleum or petroleum products from Iran if an exception under paragraph (4)(D) of section 1245(d) of the National Defense Authorization Act for Fiscal Year 2012 (22 U.S.C. 8513a(d)) applies to the country with primary jurisdiction over the foreign financial institution at the time of the transaction or the provision of the service.</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s104/c/4/C/iii" styleType="OLC"> <num style="-uslm-dtd:enum" value="iii">(iii) </num><heading style="-uslm-dtd:header">Rule of construction.—</heading><content style="-uslm-dtd:text">The exceptions in clauses (i) and (ii) shall not be construed to limit the authority of the Secretary of the Treasury to impose sanctions pursuant to the regulations prescribed under paragraph (1) for an activity described in paragraph (2) to the extent the activity would meet the criteria described in that paragraph in the absence of the involvement of the NIOC or the NITC.</content> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/c/4/D" styleType="OLC"> <num style="-uslm-dtd:enum" value="D">(D) </num><heading style="-uslm-dtd:header">Definitions.—</heading><chapeau style="-uslm-dtd:text">In this paragraph:</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s104/c/4/D/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><heading style="-uslm-dtd:header">Nioc.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">NIOC</term>” means the National Iranian Oil Company.</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s104/c/4/D/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><heading style="-uslm-dtd:header">Nitc.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">NITC</term>” means the National Iranian Tanker Company.</content> </clause> </subparagraph> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s104/d" styleType="OLC"> <num style="-uslm-dtd:enum" value="d">(d) </num><heading style="-uslm-dtd:header">Penalties for Domestic Financial Institutions for Actions of Persons Owned or Controlled by Such Financial Institutions.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/d/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">Not later than 90 days after the date of the enactment of this Act, the Secretary of the Treasury shall prescribe regulations to prohibit any person owned or controlled by a domestic financial institution from knowingly engaging in a transaction or transactions with or benefitting Iran's Revolutionary Guard Corps or any of its agents or affiliates whose property or interests in property are blocked pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.).</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/d/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Penalties.—</heading><chapeau style="-uslm-dtd:text">The penalties provided for in section 206(b) of the International Emergency Economic Powers Act (50 U.S.C. 1705(b)) shall apply to a domestic financial institution to the same extent that such penalties apply to a person that commits an unlawful act described in section 206(a) of that Act if—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/d/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">a person owned or controlled by the domestic financial institution violates, attempts to violate, conspires to violate, or causes a violation of regulations prescribed under paragraph (1) of this subsection; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/d/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">the domestic financial institution knew or should have known that the person violated, attempted to violate, conspired to violate, or caused a violation of such regulations.</content> </subparagraph> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s104/e" styleType="OLC"> <num style="-uslm-dtd:enum" value="e">(e) </num><heading style="-uslm-dtd:header">Requirements for Financial Institutions Maintaining Accounts for Foreign Financial Institutions.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/e/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><chapeau style="-uslm-dtd:text">The Secretary of the Treasury shall prescribe regulations to require a domestic financial institution maintaining a correspondent account or payable-through account in the United States for a foreign financial institution to do one or more of the following:</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/e/1/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">Perform an audit of activities described in subsection (c)(2) that may be carried out by the foreign financial institution.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/e/1/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">Report to the Department of the Treasury with respect to transactions or other financial services provided with respect to any such activity.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/e/1/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><content style="-uslm-dtd:text">Certify, to the best of the knowledge of the domestic financial institution, that the foreign financial institution is not knowingly engaging in any such activity.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/e/1/D" styleType="OLC"> <num style="-uslm-dtd:enum" value="D">(D) </num><content style="-uslm-dtd:text">Establish due diligence policies, procedures, and controls, such as the due diligence policies, procedures, and controls described in section 5318(i) of title 31, United States Code, reasonably designed to detect whether the Secretary of the Treasury has found the foreign financial institution to knowingly engage in any such activity.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/e/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Penalties.—</heading><content style="-uslm-dtd:text">The penalties provided for in sections 5321(a) and 5322 of title 31, United States Code, shall apply to a person that violates a regulation prescribed under paragraph (1) of this subsection, in the same manner and to the same extent as such penalties would apply to any person that is otherwise subject to such section 5321(a) or 5322.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s104/f" styleType="OLC"> <num style="-uslm-dtd:enum" value="f">(f) </num><heading style="-uslm-dtd:header">Waiver.—</heading><chapeau style="-uslm-dtd:text">The Secretary of the Treasury may waive the application of a prohibition or condition imposed with respect to a foreign financial institution pursuant to subsection (c) or section 104A or the imposition of a penalty under subsection (d) with respect to a domestic financial institution on and after the date that is 30 days after the Secretary—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/f/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">determines that such a waiver is necessary to the national interest of the United States; and</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/f/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">submits to the appropriate congressional committees a report describing the reasons for the determination.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s104/g" styleType="OLC"> <num style="-uslm-dtd:enum" value="g">(g) </num><heading style="-uslm-dtd:header">Procedures for Judicial Review of Classified Information.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/g/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">If a finding under paragraph (1) or (4) of subsection (c) or section 104A, a prohibition, condition, or penalty imposed as a result of any such finding, or a penalty imposed under subsection (d), is based on classified information (as defined in section 1(a) of the Classified Information Procedures Act (18 U.S.C. App.)) and a court reviews the finding or the imposition of the prohibition, condition, or penalty, the Secretary of the Treasury may submit such information to the court ex parte and in camera.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/g/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Rule of construction.—</heading><content style="-uslm-dtd:text">Nothing in this subsection shall be construed to confer or imply any right to judicial review of any finding under paragraph (1) or (4) of subsection (c) or section 104A, any prohibition, condition, or penalty imposed as a result of any such finding, or any penalty imposed under subsection (d).</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s104/h" styleType="OLC"> <num style="-uslm-dtd:enum" value="h">(h) </num><heading style="-uslm-dtd:header">Consultations in Implementation of Regulations.—</heading><chapeau style="-uslm-dtd:text">In implementing this section and the regulations prescribed under this section, the Secretary of the Treasury—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/h/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">shall consult with the Secretary of State; and</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/h/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">may, in the sole discretion of the Secretary of the Treasury, consult with such other agencies and departments and such other interested parties as the Secretary considers appropriate.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s104/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><heading style="-uslm-dtd:header">Definitions.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/i/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><chapeau style="-uslm-dtd:text">In this section:</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/i/1/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><heading style="-uslm-dtd:header">Account; correspondent account; payable-through account.—</heading><content style="-uslm-dtd:text">The terms “<term style="-uslm-dtd:term">account</term>”, “<quotedText style="-uslm-dtd:quote">correspondent account</quotedText>”, and “<quotedText style="-uslm-dtd:quote">payable-through account</quotedText>” have the meanings given those terms in section 5318A of title 31, United States Code.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/i/1/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><heading style="-uslm-dtd:header">Agent.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">agent</term>” includes an entity established by a person for purposes of conducting transactions on behalf of the person in order to conceal the identity of the person.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/i/1/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><heading style="-uslm-dtd:header">Financial institution.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">financial institution</term>” means a financial institution specified in subparagraph (A), (B), (C), (D), (E), (F), (G), (H), (I), (J), (M), or (Z) of section 5312(a)(2) of title 31, United States Code.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/i/1/D" styleType="OLC"> <num style="-uslm-dtd:enum" value="D">(D) </num><heading style="-uslm-dtd:header">Foreign financial institution; domestic financial institution.—</heading><content style="-uslm-dtd:text">The terms “<term style="-uslm-dtd:term">foreign financial institution</term>” and “<quotedText style="-uslm-dtd:quote">domestic financial institution</quotedText>” shall have the meanings of those terms as determined by the Secretary of the Treasury.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104/i/1/E" styleType="OLC"> <num style="-uslm-dtd:enum" value="E">(E) </num><heading style="-uslm-dtd:header">Money laundering.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">money laundering</term>” means the movement of illicit cash or cash equivalent proceeds into, out of, or through a country, or into, out of, or through a financial institution.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104/i/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Other definitions.—</heading><content style="-uslm-dtd:text">The Secretary of the Treasury may further define the terms used in this section in the regulations prescribed under this section.</content> </paragraph> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tI/s104A" styleType="OLC"> <num style="-uslm-dtd:enum" value="104A">SEC. 104A. </num><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t22/s8513b">22 U.S.C. 8513b</ref><b>]</b> </editorialNote><heading style="-uslm-dtd:header">EXPANSION OF, AND REPORTS ON, MANDATORY SANCTIONS WITH RESPECT TO FINANCIAL INSTITUTIONS THAT ENGAGE IN CERTAIN ACTIVITIES. </heading> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s104A/a" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">(a) </num><heading style="-uslm-dtd:header">In General.—</heading><content style="-uslm-dtd:text">Not later than 90 days after the date of the enactment of the Iran Threat Reduction and Syria Human Rights Act of 2012, the Secretary of the Treasury shall revise the regulations prescribed under section 104(c)(1) to apply to a foreign financial institution described in subsection (b) to the same extent and in the same manner as those regulations apply to a foreign financial institution that the Secretary of the Treasury finds knowingly engages in an activity described in section 104(c)(2).</content> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s104A/b" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">(b) </num><heading style="-uslm-dtd:header">Foreign Financial Institutions Described.—</heading><chapeau style="-uslm-dtd:text">A foreign financial institution described in this subsection is a foreign financial institution, including an Iranian financial institution, that the Secretary of the Treasury finds—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104A/b/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">knowingly facilitates, or participates or assists in, an activity described in section 104(c)(2), including by acting on behalf of, at the direction of, or as an intermediary for, or otherwise assisting, another person with respect to the activity;</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104A/b/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">attempts or conspires to facilitate or participate in such an activity; or</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104A/b/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><content style="-uslm-dtd:text">is owned or controlled by a foreign financial institution that the Secretary finds knowingly engages in such an activity.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s104A/c" styleType="OLC"> <num style="-uslm-dtd:enum" value="c">(c) </num><heading style="-uslm-dtd:header">Reports Required.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104A/c/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><chapeau style="-uslm-dtd:text">Not later than 180 days after the date of the enactment of the Iran Threat Reduction and Syria Human Rights Act of 2012, and every 180 days thereafter, the Secretary of the Treasury shall submit to the appropriate congressional committees a report that contains a detailed description of—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104A/c/1/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">the effect of the regulations prescribed under section 104(c)(1) on the financial system and economy of Iran and capital flows to and from Iran; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104A/c/1/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">the ways in which funds move into and out of financial institutions described in section 104(c)(2)(E)(ii), with specific attention to the use of other Iranian financial institutions and other foreign financial institutions to receive and transfer funds for financial institutions described in that section.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104A/c/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Form of report.—</heading><content style="-uslm-dtd:text">Each report submitted under paragraph (1) shall be submitted in unclassified form but may contain a classified annex.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s104A/d" styleType="OLC"> <num style="-uslm-dtd:enum" value="d">(d) </num><heading style="-uslm-dtd:header">Definitions.—</heading><chapeau style="-uslm-dtd:text">In this section:</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104A/d/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">Financial institution.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">financial institution</term>” means a financial institution specified in subparagraph (A), (B), (C), (D), (E), (F), (G), (H), (I), (J), (K), (M), (N), (R), or (Z) of section 5312(a)(2) of title 31, United States Code.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104A/d/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Foreign financial institution.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">foreign financial institution</term>” has the meaning of that term as determined by the Secretary of the Treasury pursuant to section 104(i).</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s104A/d/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><heading style="-uslm-dtd:header">Iranian financial institution.—</heading><chapeau style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">Iranian financial institution</term>” means—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104A/d/3/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">a financial institution organized under the laws of Iran or any jurisdiction within Iran, including a foreign branch of such an institution;</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104A/d/3/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">a financial institution located in Iran;</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104A/d/3/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><content style="-uslm-dtd:text">a financial institution, wherever located, owned or controlled by the Government of Iran; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s104A/d/3/D" styleType="OLC"> <num style="-uslm-dtd:enum" value="D">(D) </num><content style="-uslm-dtd:text">a financial institution, wherever located, owned or controlled by a financial institution described in subparagraph (A), (B), or (C).</content> </subparagraph> </paragraph> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tI/s105" styleType="OLC"> <num style="-uslm-dtd:enum" value="105">SEC. 105. </num><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t22/s8514">22 U.S.C. 8514</ref><b>]</b> </editorialNote><heading style="-uslm-dtd:header">IMPOSITION OF SANCTIONS ON CERTAIN PERSONS WHO ARE RESPONSIBLE FOR OR COMPLICIT IN HUMAN RIGHTS ABUSES COMMITTED AGAINST CITIZENS OF IRAN OR THEIR FAMILY MEMBERS AFTER THE JUNE 12, 2009, ELECTIONS IN IRAN. </heading> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s105/a" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">(a) </num><heading style="-uslm-dtd:header">In General.—</heading><content style="-uslm-dtd:text">The President shall impose sanctions described in subsection (c) with respect to each person on the list required by subsection (b).</content> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s105/b" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">(b) </num><heading style="-uslm-dtd:header">List of Persons Who Are Responsible for or Complicit in Certain Human Rights Abuses.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105/b/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">Not later than 90 days after the date of the enactment of this Act, the President shall submit to the appropriate congressional committees a list of persons who are officials of the Government of Iran or persons acting on behalf of that Government (including members of paramilitary organizations such as Ansar-e-Hezbollah and Basij-e Mostaz'afin), that the President determines, based on credible evidence, are responsible for or complicit in, or responsible for ordering, controlling, or otherwise directing, the commission of serious human rights abuses against citizens of Iran or their family members on or after June 12, 2009, regardless of whether such abuses occurred in Iran.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105/b/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Updates of list.—</heading><chapeau style="-uslm-dtd:text">The President shall submit to the appropriate congressional committees an updated list under paragraph (1)—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105/b/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">not later than 270 days after the date of the enactment of this Act and every 180 days thereafter; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105/b/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">as new information becomes available.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105/b/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><heading style="-uslm-dtd:header">Form of report; public availability.—</heading> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105/b/3/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><heading style="-uslm-dtd:header">Form.—</heading><content style="-uslm-dtd:text">The list required by paragraph (1) shall be submitted in unclassified form but may contain a classified annex.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105/b/3/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><heading style="-uslm-dtd:header">Public availability.—</heading><content style="-uslm-dtd:text">The unclassified portion of the list required by paragraph (1) shall be made available to the public and posted on the websites of the Department of the Treasury and the Department of State.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105/b/4" styleType="OLC"> <num style="-uslm-dtd:enum" value="4">(4) </num><heading style="-uslm-dtd:header">Consideration of data from other countries and nongovernmental organizations.—</heading><content style="-uslm-dtd:text">In preparing the list required by paragraph (1), the President shall consider credible data already obtained by other countries and nongovernmental organizations, including organizations in Iran, that monitor the human rights abuses of the Government of Iran.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s105/c" styleType="OLC"> <num style="-uslm-dtd:enum" value="c">(c) </num><heading style="-uslm-dtd:header">Sanctions Described.—</heading><content style="-uslm-dtd:text">The sanctions described in this subsection are ineligibility for a visa to enter the United States and sanctions pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), including blocking of property and restrictions or prohibitions on financial transactions and the exportation and importation of property, subject to such regulations as the President may prescribe, including regulatory exceptions to permit the United States to comply with the Agreement between the United Nations and the United States of America regarding the Headquarters of the United Nations, signed June 26, 1947, and entered into force November 21, 1947, and other applicable international obligations.</content> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s105/d" styleType="OLC"> <num style="-uslm-dtd:enum" value="d">(d) </num><heading style="-uslm-dtd:header">Termination of Sanctions.—</heading><chapeau style="-uslm-dtd:text">The provisions of this section shall terminate on the date on which the President determines and certifies to the appropriate congressional committees that the Government of Iran has—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105/d/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">unconditionally released all political prisoners, including the citizens of Iran detained in the aftermath of the June 12, 2009, presidential election in Iran;</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105/d/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">ceased its practices of violence, unlawful detention, torture, and abuse of citizens of Iran while engaging in peaceful political activity;</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105/d/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><content style="-uslm-dtd:text">conducted a transparent investigation into the killings, arrests, and abuse of peaceful political activists that occurred in the aftermath of the June 12, 2009, presidential election in Iran and prosecuted the individuals responsible for such killings, arrests, and abuse; and</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105/d/4" styleType="OLC"> <num style="-uslm-dtd:enum" value="4">(4) </num><chapeau style="-uslm-dtd:text">made public commitments to, and is making demonstrable progress toward—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105/d/4/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">establishing an independent judiciary; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105/d/4/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">respecting the human rights and basic freedoms recognized in the Universal Declaration of Human Rights.</content> </subparagraph> </paragraph> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tI/s105A" styleType="OLC"> <num style="-uslm-dtd:enum" value="105A">SEC. 105A. </num><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t22/s8514a">22 U.S.C. 8514a</ref><b>]</b> </editorialNote><heading style="-uslm-dtd:header">IMPOSITION OF SANCTIONS WITH RESPECT TO THE TRANSFER OF GOODS OR TECHNOLOGIES TO IRAN THAT ARE LIKELY TO BE USED TO COMMIT HUMAN RIGHTS ABUSES. </heading> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s105A/a" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">(a) </num><heading style="-uslm-dtd:header">In General.—</heading><content style="-uslm-dtd:text">The President shall impose sanctions in accordance with subsection (c) with respect to each person on the list required by subsection (b).</content> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s105A/b" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">(b) </num><heading style="-uslm-dtd:header">List.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105A/b/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">Not later than 90 days after the date of the enactment of the Iran Threat Reduction and Syria Human Rights Act of 2012, the President shall submit to the appropriate congressional committees a list of persons that the President determines have knowingly engaged in an activity described in paragraph (2) on or after such date of enactment.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105A/b/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Activity described.—</heading> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105A/b/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><heading style="-uslm-dtd:header">In general.—</heading><chapeau style="-uslm-dtd:text">A person engages in an activity described in this paragraph if the person—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s105A/b/2/A/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">transfers, or facilitates the transfer of, goods or technologies described in subparagraph (C) to Iran, any entity organized under the laws of Iran or otherwise subject to the jurisdiction of the Government of Iran, or any national of Iran, for use in or with respect to Iran; or</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s105A/b/2/A/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><content style="-uslm-dtd:text">provides services (including services relating to hardware, software, and specialized information, and professional consulting, engineering, and support services) with respect to goods or technologies described in subparagraph (C) after such goods or technologies are transferred to Iran.</content> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105A/b/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><heading style="-uslm-dtd:header">Applicability to contracts and other agreements.—</heading><content style="-uslm-dtd:text">A person engages in an activity described in subparagraph (A) without regard to whether the activity is carried out pursuant to a contract or other agreement entered into before, on, or after the date of the enactment of the Iran Threat Reduction and Syria Human Rights Act of 2012.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105A/b/2/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><heading style="-uslm-dtd:header">Goods or technologies described.—</heading><chapeau style="-uslm-dtd:text">Goods or technologies described in this subparagraph are goods or technologies that the President determines are likely to be used by the Government of Iran or any of its agencies or instrumentalities (or by any other person on behalf of the Government of Iran or any of such agencies or instrumentalities) to commit serious human rights abuses against the people of Iran, including—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s105A/b/2/C/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">firearms or ammunition (as those terms are defined in section 921 of title 18, United States Code), rubber bullets, police batons, pepper or chemical sprays, stun grenades, electroshock weapons, tear gas, water cannons, or surveillance technology; or</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s105A/b/2/C/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><content style="-uslm-dtd:text">sensitive technology (as defined in section 106(c)).</content> </clause> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105A/b/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><heading style="-uslm-dtd:header">Special rule to allow for termination of sanctionable activity.—</heading><chapeau style="-uslm-dtd:text">The President shall not be required to include a person on the list required by paragraph (1) if the President certifies in writing to the appropriate congressional committees that—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105A/b/3/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">the person is no longer engaging in, or has taken significant verifiable steps toward stopping, the activity described in paragraph (2) for which the President would otherwise have included the person on the list; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105A/b/3/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">the President has received reliable assurances that the person will not knowingly engage in any activity described in paragraph (2) in the future.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105A/b/4" styleType="OLC"> <num style="-uslm-dtd:enum" value="4">(4) </num><heading style="-uslm-dtd:header">Updates of list.—</heading><chapeau style="-uslm-dtd:text">The President shall submit to the appropriate congressional committees an updated list under paragraph (1)—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105A/b/4/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">each time the President is required to submit an updated list to those committees under section 105(b)(2)(A); and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105A/b/4/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">as new information becomes available.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105A/b/5" styleType="OLC"> <num style="-uslm-dtd:enum" value="5">(5) </num><heading style="-uslm-dtd:header">Form of report; public availability.—</heading> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105A/b/5/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><heading style="-uslm-dtd:header">Form.—</heading><content style="-uslm-dtd:text">The list required by paragraph (1) shall be submitted in unclassified form but may contain a classified annex.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105A/b/5/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><heading style="-uslm-dtd:header">Public availability.—</heading><content style="-uslm-dtd:text">The unclassified portion of the list required by paragraph (1) shall be made available to the public and posted on the websites of the Department of the Treasury and the Department of State.</content> </subparagraph> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s105A/c" styleType="OLC"> <num style="-uslm-dtd:enum" value="c">(c) </num><heading style="-uslm-dtd:header">Application of Sanctions.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105A/c/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">Subject to paragraph (2), the President shall impose sanctions described in section 105(c) with respect to a person on the list required by subsection (b).</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105A/c/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Transfers to iran's revolutionary guard corps.—</heading><chapeau style="-uslm-dtd:text">In the case of a person on the list required by subsection (b) for transferring, or facilitating the transfer of, goods or technologies described in subsection (b)(2)(C) to Iran's Revolutionary Guard Corps, or providing services with respect to such goods or technologies after such goods or technologies are transferred to Iran's Revolutionary Guard Corps, the President shall—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105A/c/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">impose sanctions described in section 105(c) with respect to the person; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105A/c/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">impose such other sanctions from among the sanctions described in section 6(a) of the Iran Sanctions Act of 1996 (Public Law 104–172; 50 U.S.C. 1701 note) as the President determines appropriate.</content> </subparagraph> </paragraph> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tI/s105B" styleType="OLC"> <num style="-uslm-dtd:enum" value="105B">SEC. 105B. </num><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t22/s8514b">22 U.S.C. 8514b</ref><b>]</b> </editorialNote><heading style="-uslm-dtd:header">IMPOSITION OF SANCTIONS WITH RESPECT TO PERSONS WHO ENGAGE IN CENSORSHIP OR OTHER RELATED ACTIVITIES AGAINST CITIZENS OF IRAN. </heading> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s105B/a" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">(a) </num><heading style="-uslm-dtd:header">In General.—</heading><content style="-uslm-dtd:text">The President shall impose sanctions described in section 105(c) with respect to each person on the list required by subsection (b).</content> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s105B/b" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">(b) </num><heading style="-uslm-dtd:header">List of Persons Who Engage in Censorship.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105B/b/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><chapeau style="-uslm-dtd:text">Not later than 90 days after the date of the enactment of the Iran Threat Reduction and Syria Human Rights Act of 2012, the President shall submit to the appropriate congressional committees a list of persons that the President determines have, on or after June 12, 2009, engaged in censorship or other activities with respect to Iran that—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105B/b/1/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">prohibit, limit, or penalize the exercise of freedom of expression or assembly by citizens of Iran; or</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105B/b/1/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">limit access to print or broadcast media, including the facilitation or support of intentional frequency manipulation by the Government of Iran or an entity owned or controlled by that Government that would jam or restrict an international signal.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105B/b/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Updates of list.—</heading><chapeau style="-uslm-dtd:text">The President shall submit to the appropriate congressional committees an updated list under paragraph (1)—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105B/b/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">each time the President is required to submit an updated list to those committees under section 105(b)(2)(A); and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105B/b/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">as new information becomes available.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105B/b/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><heading style="-uslm-dtd:header">Form of report; public availability.—</heading> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105B/b/3/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><heading style="-uslm-dtd:header">Form.—</heading><content style="-uslm-dtd:text">The list required by paragraph (1) shall be submitted in unclassified form but may contain a classified annex.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105B/b/3/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><heading style="-uslm-dtd:header">Public availability.—</heading><content style="-uslm-dtd:text">The unclassified portion of the list required by paragraph (1) shall be made available to the public and posted on the websites of the Department of the Treasury and the Department of State.</content> </subparagraph> </paragraph> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tI/s105C" styleType="OLC"> <num style="-uslm-dtd:enum" value="105C">SEC. 105C. </num><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t22/s8514c">22 U.S.C. 8514c</ref><b>]</b> </editorialNote><heading style="-uslm-dtd:header">IMPOSITION OF SANCTIONS WITH RESPECT TO PERSONS ENGAGED IN THE DIVERSION OF GOODS INTENDED FOR THE PEOPLE OF IRAN. </heading> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s105C/a" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">(a) </num><heading style="-uslm-dtd:header">Imposition of Sanctions.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105C/a/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">The President shall impose sanctions described in section 105(c) with respect to each person on the list required by subsection (b).</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105C/a/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Exception.—</heading><content style="-uslm-dtd:text">The requirement to impose sanctions under paragraph (1) shall not include the authority to impose sanctions on the importation of goods.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s105C/b" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">(b) </num><heading style="-uslm-dtd:header">List of Persons Who Engage in Diversion.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105C/b/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><chapeau style="-uslm-dtd:text">As relevant information becomes available, the President shall submit to the appropriate congressional committees a list of persons that the President determines have, on or after the date of the enactment of the Iran Freedom and Counter-Proliferation Act of 2012, engaged in corruption or other activities relating to—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105C/b/1/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">the diversion of goods, including agricultural commodities, food, medicine, and medical devices, intended for the people of Iran; or</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105C/b/1/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">the misappropriation of proceeds from the sale or resale of such goods.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s105C/b/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Form of report; public availability.—</heading> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105C/b/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><heading style="-uslm-dtd:header">Form.—</heading><content style="-uslm-dtd:text">The list required by paragraph (1) shall be submitted in unclassified form but may contain a classified annex.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s105C/b/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><heading style="-uslm-dtd:header">Public availability.—</heading><content style="-uslm-dtd:text">The unclassified portion of the list required by paragraph (1) shall be made available to the public and posted on the websites of the Department of the Treasury and the Department of State.</content> </subparagraph> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s105C/c" styleType="OLC"> <num style="-uslm-dtd:enum" value="c">(c) </num><heading style="-uslm-dtd:header">Good Defined.—</heading><content style="-uslm-dtd:text">In this section, the term “<term style="-uslm-dtd:term">good</term>” has the meaning given that term in section 1242(a) of the Iran Freedom and Counter-Proliferation Act of 2012.</content> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tI/s106" styleType="OLC"> <num style="-uslm-dtd:enum" value="106">SEC. 106. </num><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t22/s8515">22 U.S.C. 8515</ref><b>]</b> </editorialNote><heading style="-uslm-dtd:header">PROHIBITION ON PROCUREMENT CONTRACTS WITH PERSONS THAT EXPORT SENSITIVE TECHNOLOGY TO IRAN. </heading> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s106/a" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">(a) </num><heading style="-uslm-dtd:header">In General.—</heading><content style="-uslm-dtd:text">Except as provided in subsection (b), and pursuant to such regulations as the President may prescribe, the head of an executive agency may not enter into or renew a contract, on or after the date that is 90 days after the date of the enactment of this Act, for the procurement of goods or services with a person that exports sensitive technology to Iran.</content> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s106/b" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">(b) </num><heading style="-uslm-dtd:header">Authorization to Exempt Certain Products.—</heading><content style="-uslm-dtd:text">The President is authorized to exempt from the prohibition under subsection (a) only eligible products, as defined in section 308(4) of the Trade Agreements Act of 1979 (19 U.S.C. 2518(4)), of any foreign country or instrumentality designated under section 301(b) of that Act (19 U.S.C. 2511(b)).</content> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s106/c" styleType="OLC"> <num style="-uslm-dtd:enum" value="c">(c) </num><heading style="-uslm-dtd:header">Sensitive Technology Defined.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s106/c/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><chapeau style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">sensitive technology</term>” means hardware, software, telecommunications equipment, or any other technology, that the President determines is to be used specifically—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s106/c/1/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">to restrict the free flow of unbiased information in Iran; or</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s106/c/1/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">to disrupt, monitor, or otherwise restrict speech of the people of Iran.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s106/c/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Exception.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">sensitive technology</term>” does not include information or informational materials the exportation of which the President does not have the authority to regulate or prohibit pursuant to section 203(b)(3) of the International Emergency Economic Powers Act (50 U.S.C. 1702(b)(3)).</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s106/d" styleType="OLC"> <num style="-uslm-dtd:enum" value="d">(d) </num><heading style="-uslm-dtd:header">Government Accountability Office Report on Effect of Procurement Prohibition.—</heading><content style="-uslm-dtd:text">Not later than 1 year after the date of the enactment of this Act, the Comptroller General of the United States shall submit to the appropriate congressional committees, the Committee on Armed Services of the Senate, and the Committee on Armed Services of the House of Representatives, a report assessing the extent to which executive agencies would have entered into or renewed contracts for the procurement of goods or services with persons that export sensitive technology to Iran if the prohibition under subsection (a) were not in effect.</content> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tI/s107" styleType="OLC"> <num style="-uslm-dtd:enum" value="107">SEC. 107. </num><heading style="-uslm-dtd:header">HARMONIZATION OF CRIMINAL PENALTIES FOR VIOLATIONS OF SANCTIONS. </heading> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s107/a" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">(a) </num><heading style="-uslm-dtd:header">In General.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s107/a/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">Violations of united nations security council resolutions imposing sanctions.—</heading><chapeau style="-uslm-dtd:text">Section 5(b) of the United Nations Participation Act of 1945 (22 U.S.C. 287c(b)) is amended—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s107/a/1/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">by striking “<quotedText style="-uslm-dtd:quote">find not more than $10,000</quotedText>” and inserting “<quotedText style="-uslm-dtd:quote">fined not more than $1,000,000</quotedText>”; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s107/a/1/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">by striking “<quotedText style="-uslm-dtd:quote">ten years</quotedText>” and all that follows and inserting “<quotedText style="-uslm-dtd:quote">20 years, or both.</quotedText>”.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s107/a/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Violations of controls on exports and imports of defense articles and defense services.—</heading><content style="-uslm-dtd:text">Section 38(c) of the Arms Export Control Act (22 U.S.C. 2778(c)) is amended by striking “<quotedText style="-uslm-dtd:quote">ten years</quotedText>” and inserting “<quotedText style="-uslm-dtd:quote">20 years</quotedText>”.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s107/a/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><heading style="-uslm-dtd:header">Violations of prohibition on transactions with countries that support acts of international terrorism.—</heading><content style="-uslm-dtd:text">Section 40(j) of the Arms Export Control Act (22 U.S.C. 2780(j)) is amended by striking “<quotedText style="-uslm-dtd:quote">10 years</quotedText>” and inserting “<quotedText style="-uslm-dtd:quote">20 years</quotedText>”.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s107/a/4" styleType="OLC"> <num style="-uslm-dtd:enum" value="4">(4) </num><heading style="-uslm-dtd:header">Violations of the trading with the enemy act.—</heading><content style="-uslm-dtd:text">Section 16(a) of the Trading with the enemy Act (50 U.S.C. App. 16(a)) is amended by striking “<quotedText style="-uslm-dtd:quote">if a natural person</quotedText>” and all that follows and inserting “<quotedText style="-uslm-dtd:quote">if a natural person, be imprisoned for not more than 20 years, or both.</quotedText>”.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s107/b" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">(b) </num><heading style="-uslm-dtd:header">Study by United States Sentencing Commission.—</heading><chapeau style="-uslm-dtd:text">Not later than 1 year after the date of the enactment of this Act, the United States Sentencing Commission, pursuant to the authority under sections 994 and 995 of title 28, United States Code, and the responsibility of the United States Sentencing Commission to advise Congress on sentencing policy under section 995(a)(20) of title 28, United States Code, shall study and submit to Congress a report on the impact and advisability of imposing a mandatory minimum sentence for violations of—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s107/b/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">section 5(a) of the United Nations Participation Act of 1945 (22 U.S.C. 287c(a));</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s107/b/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">sections 38, 39, and 40 of the Arms Export Control Act (22 U.S.C. 2778, 2779, and 2780); and</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s107/b/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><content style="-uslm-dtd:text">the Trading with the enemy Act (50 U.S.C. App. 1 et seq.).</content> </paragraph> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tI/s108" styleType="OLC"> <num style="-uslm-dtd:enum" value="108">SEC. 108. </num><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t22/s8516">22 U.S.C. 8516</ref><b>]</b> </editorialNote><heading style="-uslm-dtd:header">AUTHORITY TO IMPLEMENT UNITED NATIONS SECURITY COUNCIL RESOLUTIONS IMPOSING SANCTIONS WITH RESPECT TO IRAN. </heading> <content style="-uslm-dtd:text" class="block">In addition to any other authority of the President with respect to implementing resolutions of the United Nations Security Council, the President may prescribe such regulations as may be necessary to implement a resolution that is agreed to by the United Nations Security Council and imposes sanctions with respect to Iran.</content> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tI/s109" styleType="OLC"> <num style="-uslm-dtd:enum" value="109">SEC. 109. </num><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t22/s8517">22 U.S.C. 8517</ref><b>]</b> </editorialNote><heading style="-uslm-dtd:header">INCREASED CAPACITY FOR EFFORTS TO COMBAT UNLAWFUL OR TERRORIST FINANCING. </heading> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s109/a" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">(a) </num><heading style="-uslm-dtd:header">Findings.—</heading><chapeau style="-uslm-dtd:text">Congress finds the following:</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s109/a/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">The work of the Office of Terrorism and Financial Intelligence of the Department of the Treasury, which includes the Office of Foreign Assets Control and the Financial Crimes Enforcement Network, is critical to ensuring that the international financial system is not used for purposes of supporting terrorism and developing weapons of mass destruction.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s109/a/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">The Secretary of the Treasury has designated, including most recently on June 16, 2010, various Iranian individuals and banking, military, energy, and shipping entities as proliferators of weapons of mass destruction pursuant to Executive Order 13382 (50 U.S.C. 1701 note), thereby blocking transactions subject to the jurisdiction of the United States by those individuals and entities and their supporters.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s109/a/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><content style="-uslm-dtd:text">The Secretary of the Treasury has also identified an array of entities in the insurance, petroleum, and petrochemicals industries that the Secretary has determined to be owned or controlled by the Government of Iran and added those entities to the list contained in Appendix A to part 560 of title 31, Code of Federal Regulations (commonly known as the “<quotedText style="-uslm-dtd:quote">Iranian Transactions Regulations</quotedText>”), thereby prohibiting transactions between United States persons and those entities.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s109/b" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">(b) </num><heading style="-uslm-dtd:header">Authorization of Appropriations for Office of Terrorism and Financial Intelligence.—</heading><chapeau style="-uslm-dtd:text">There are authorized to be appropriated to the Secretary of the Treasury for the Office of Terrorism and Financial Intelligence—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s109/b/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">$102,613,000 for fiscal year 2011; and</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s109/b/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">such sums as may be necessary for each of the fiscal years 2012 and 2013.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s109/c" styleType="OLC"> <num style="-uslm-dtd:enum" value="c">(c) </num><heading style="-uslm-dtd:header">Authorization of Appropriations for the Financial Crimes Enforcement Network.—</heading><content style="-uslm-dtd:text">Section 310(d)(1) of title 31, United States Code, is amended by striking “<quotedText style="-uslm-dtd:quote">such sums as may be necessary for fiscal years 2002, 2003, 2004, and 2005</quotedText>” and inserting “<quotedText style="-uslm-dtd:quote">$100,419,000 for fiscal year 2011 and such sums as may be necessary for each of the fiscal years 2012 and 2013</quotedText>”.</content> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s109/d" styleType="OLC"> <num style="-uslm-dtd:enum" value="d">(d) </num><heading style="-uslm-dtd:header">Authorization of Appropriations for Bureau of Industry and Security of the Department of Commerce.—</heading><chapeau style="-uslm-dtd:text">There are authorized to be appropriated to the Secretary of Commerce for the Bureau of Industry and Security of the Department of Commerce—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s109/d/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">$113,000,000 for fiscal year 2011; and</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s109/d/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">such sums as may be necessary for each of the fiscal years 2012 and 2013.</content> </paragraph> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tI/s110" styleType="OLC"> <num style="-uslm-dtd:enum" value="110">SEC. 110. </num><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t22/s8518">22 U.S.C. 8518</ref><b>]</b> </editorialNote><heading style="-uslm-dtd:header">REPORTS ON INVESTMENTS IN THE ENERGY SECTOR OF IRAN. </heading> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s110/a" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">(a) </num><heading style="-uslm-dtd:header">Initial Report.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s110/a/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><chapeau style="-uslm-dtd:text">Not later than 90 days after the date of the enactment of this Act, the President shall submit to the appropriate congressional committees a report—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s110/a/1/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">on investments in the energy sector of Iran that were made during the period described in paragraph (2); and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s110/a/1/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><chapeau style="-uslm-dtd:text">that contains—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s110/a/1/B/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">an estimate of the volume of energy-related resources (other than refined petroleum), including ethanol, that Iran imported during the period described in paragraph (2); and</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s110/a/1/B/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><content style="-uslm-dtd:text">a list of all significant known energy-related joint ventures, investments, and partnerships located outside Iran that involve Iranian entities in partnership with entities from other countries, including an identification of the entities from other countries; and</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s110/a/1/B/iii" styleType="OLC"> <num style="-uslm-dtd:enum" value="iii">(iii) </num><chapeau style="-uslm-dtd:text">an estimate of—</chapeau> <subclause style="-uslm-dtd:subclause" identifier="/us/sComp/111/195/tI/s110/a/1/B/iii/I" styleType="OLC"> <num style="-uslm-dtd:enum" value="I">(I) </num><content style="-uslm-dtd:text">the total value of each such joint venture, investment, and partnership; and</content> </subclause> <subclause style="-uslm-dtd:subclause" identifier="/us/sComp/111/195/tI/s110/a/1/B/iii/II" styleType="OLC"> <num style="-uslm-dtd:enum" value="II">(II) </num><content style="-uslm-dtd:text">the percentage of each such joint venture, investment, and partnership owned by an Iranian entity.</content> </subclause> </clause> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s110/a/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Period described.—</heading><content style="-uslm-dtd:text">The period described in this paragraph is the period beginning on January 1, 2006, and ending on the date that is 60 days after the date of the enactment of this Act.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s110/b" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">(b) </num><heading style="-uslm-dtd:header">Updated Reports.—</heading><chapeau style="-uslm-dtd:text">Not later than 180 days after submitting the report required by subsection (a), and every 180 days thereafter, the President shall submit to the appropriate congressional committees a report, covering the 180-day period beginning on the date that is 30 days before the date on which the preceding report was required to be submitted by this section, that—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s110/b/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">contains the matters required in the report under subsection (a)(1); and</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s110/b/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><chapeau style="-uslm-dtd:text">identifies—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s110/b/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">the volume of crude oil and refined petroleum products imported to and exported from Iran (including through swaps and similar arrangements);</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s110/b/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">the persons selling and transporting crude oil and refined petroleum products described in subparagraph (A), the countries with primary jurisdiction over those persons, and the countries in which those products were refined;</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s110/b/2/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><content style="-uslm-dtd:text">the sources of financing for imports to Iran of crude oil and refined petroleum products described in subparagraph (A); and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s110/b/2/D" styleType="OLC"> <num style="-uslm-dtd:enum" value="D">(D) </num><chapeau style="-uslm-dtd:text">the involvement of foreign persons in efforts to assist Iran in—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s110/b/2/D/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">developing upstream oil and gas production capacity;</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s110/b/2/D/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><content style="-uslm-dtd:text">importing advanced technology to upgrade existing Iranian refineries;</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s110/b/2/D/iii" styleType="OLC"> <num style="-uslm-dtd:enum" value="iii">(iii) </num><content style="-uslm-dtd:text">converting existing chemical plants to petroleum refineries; or</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s110/b/2/D/iv" styleType="OLC"> <num style="-uslm-dtd:enum" value="iv">(iv) </num><content style="-uslm-dtd:text">maintaining, upgrading, or expanding existing refineries or constructing new refineries.</content> </clause> </subparagraph> </paragraph> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tI/s111" styleType="OLC"> <num style="-uslm-dtd:enum" value="111">SEC. 111. </num><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t22/s8519">22 U.S.C. 8519</ref><b>]</b> </editorialNote><heading style="-uslm-dtd:header">REPORTS ON CERTAIN ACTIVITIES OF FOREIGN EXPORT CREDIT AGENCIES AND OF THE EXPORT-IMPORT BANK OF THE UNITED STATES. </heading> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s111/a" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">(a) </num><heading style="-uslm-dtd:header">Report on Certain Activities of Export Credit Agencies of Foreign Countries.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s111/a/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">Not later than 90 days after the date of the enactment of this Act, the President shall submit to the appropriate congressional committees a report on any activity of an export credit agency of a foreign country that is an activity comparable to an activity described in subsection (a) or (b) of section 5 of the Iran Sanctions Act of 1996, as amended by section 102 of this Act.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s111/a/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Updates.—</heading><content style="-uslm-dtd:text">The President shall update the report required by paragraph (1) as new information becomes available with respect to the activities of export credit agencies of foreign countries.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tI/s111/b" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">(b) </num><heading style="-uslm-dtd:header">Report on Certain Financing by the Export-Import Bank of the United States.—</heading><chapeau style="-uslm-dtd:text">Not later than 30 days (or, in extraordinary circumstances, not later than 15 days) before the Export-Import Bank of the United States approves cofinancing (including loans, guarantees, other credits, insurance, and reinsurance) in which an export credit agency of a foreign country identified in the report required by subsection (a) will participate, the President shall submit to the appropriate congressional committees a report identifying—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s111/b/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">the export credit agency of the foreign country; and</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s111/b/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">the beneficiaries of the financing.</content> </paragraph> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tI/s112" styleType="OLC"> <num style="-uslm-dtd:enum" value="112">SEC. 112. </num><heading style="-uslm-dtd:header">SENSE OF CONGRESS REGARDING IRAN'S REVOLUTIONARY GUARD CORPS AND ITS AFFILIATES. </heading> <subsection style="-uslm-dtd:subsection" styleType="OLC" role="undesignated-level"><chapeau style="-uslm-dtd:text">It is the sense of Congress that the United States should—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s112/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">persistently target Iran's Revolutionary Guard Corps and its affiliates with economic sanctions for its support for terrorism, its role in proliferation, and its oppressive activities against the people of Iran;</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s112/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><chapeau style="-uslm-dtd:text">identify, as soon as possible—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s112/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">any foreign individual or entity that is an agent, alias, front, instrumentality, official, or affiliate of Iran's Revolutionary Guard Corps;</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s112/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><chapeau style="-uslm-dtd:text">any individual or entity that—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s112/2/B/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">has provided material support to any individual or entity described in subparagraph (A); or</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s112/2/B/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><content style="-uslm-dtd:text">has conducted any financial or commercial transaction with any such individual or entity; and</content> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tI/s112/2/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><chapeau style="-uslm-dtd:text">any foreign government that—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s112/2/C/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">provides material support to any such individual or entity; or</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tI/s112/2/C/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><content style="-uslm-dtd:text">conducts any commercial transaction or financial transaction with any such individual or entity; and</content> </clause> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s112/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><content style="-uslm-dtd:text">immediately impose sanctions, including travel restrictions, sanctions authorized pursuant to this Act or the Iran Sanctions Act of 1996, as amended by section 102 of this Act, and the full range of sanctions available to the President under the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), on the individuals, entities, and governments described in paragraph (2).</content> </paragraph> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tI/s113" styleType="OLC"> <num style="-uslm-dtd:enum" value="113">SEC. 113. </num><heading style="-uslm-dtd:header">SENSE OF CONGRESS REGARDING IRAN AND HEZBOLLAH. </heading> <subsection style="-uslm-dtd:subsection" styleType="OLC" role="undesignated-level"><chapeau style="-uslm-dtd:text">It is the sense of Congress that the United States should—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s113/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">continue to counter support received by Hezbollah from the Government of Iran and other foreign governments in response to Hezbollah's terrorist activities and the threat Hezbollah poses to Israel, the democratic sovereignty of Lebanon, and the national security interests of the United States;</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s113/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">impose the full range of sanctions available to the President under the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) on Hezbollah, affiliates and supporters of Hezbollah designated for the imposition of sanctions under that Act, and persons providing Hezbollah with commercial, financial, or other services;</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s113/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><content style="-uslm-dtd:text">urge the European Union, individual countries in Europe, and other countries to classify Hezbollah as a terrorist organization to facilitate the disruption of Hezbollah's operations; and</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s113/4" styleType="OLC"> <num style="-uslm-dtd:enum" value="4">(4) </num><content style="-uslm-dtd:text">renew international efforts to disarm Hezbollah and disband its militias in Lebanon, as called for by United Nations Security Council Resolutions 1559 (2004) and 1701 (2006).</content> </paragraph> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tI/s114" styleType="OLC"> <num style="-uslm-dtd:enum" value="114">SEC. 114. </num><heading style="-uslm-dtd:header">SENSE OF CONGRESS REGARDING THE IMPOSITION OF MULTILATERAL SANCTIONS WITH RESPECT TO IRAN. </heading> <subsection style="-uslm-dtd:subsection" styleType="OLC" role="undesignated-level"><chapeau style="-uslm-dtd:text">It is the sense of Congress that—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s114/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">in general, effective multilateral sanctions are preferable to unilateral sanctions in order to achieve desired results from countries such as Iran; and</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tI/s114/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">the President should continue to work with allies of the United States to impose such sanctions as may be necessary to prevent the Government of Iran from acquiring a nuclear weapons capability.</content> </paragraph> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tI/s115" styleType="OLC"> <num style="-uslm-dtd:enum" value="115">SEC. 115. </num><heading style="-uslm-dtd:header">REPORT ON PROVIDING COMPENSATION FOR VICTIMS OF INTERNATIONAL TERRORISM. </heading> <content style="-uslm-dtd:text" class="block">Not later than 180 days after the date of the enactment of this Act, the President shall submit to the appropriate congressional committees a report on equitable methods for providing compensation on a comprehensive basis to victims of acts of international terrorism who are citizens or residents of the United States or nationals of the United States (as defined in section 101(a) of the Immigration and Nationality Act (8 U.S.C. 1101(a)).</content> </section> <num style="-uslm-dtd:enum" value="II">TITLE II—</num><heading style="-uslm-dtd:header">DIVESTMENT FROM CERTAIN COMPANIES THAT INVEST IN IRAN </heading> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tII/s201" styleType="OLC" role="definitions"> <num style="-uslm-dtd:enum" value="201">SEC. 201. </num><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t22/s8531">22 U.S.C. 8531</ref><b>]</b> </editorialNote><heading style="-uslm-dtd:header">DEFINITIONS. </heading> <subsection style="-uslm-dtd:subsection" styleType="OLC" role="undesignated-level"><chapeau style="-uslm-dtd:text">In this title:</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s201/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">Energy sector of iran.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">energy sector of Iran</term>” refers to activities to develop petroleum or natural gas resources or nuclear power in Iran.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s201/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Financial institution.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">financial institution</term>” 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).</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s201/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><heading style="-uslm-dtd:header">Iran.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">Iran</term>” includes the Government of Iran and any agency or instrumentality of Iran.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s201/4" styleType="OLC"> <num style="-uslm-dtd:enum" value="4">(4) </num><heading style="-uslm-dtd:header">Person.—</heading><chapeau style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">person</term>” means—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tII/s201/4/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">a natural person, corporation, company, business association, partnership, society, trust, or any other nongovernmental entity, organization, or group;</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tII/s201/4/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">any governmental entity or instrumentality of a government, including a multilateral development institution (as defined in section 1701(c)(3) of the International Financial Institutions Act (22 U.S.C. 262r(c)(3))); and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tII/s201/4/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><content style="-uslm-dtd:text">any successor, subunit, parent entity, or subsidiary of, or any entity under common ownership or control with, any entity described in subparagraph (A) or (B).</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s201/5" styleType="OLC"> <num style="-uslm-dtd:enum" value="5">(5) </num><heading style="-uslm-dtd:header">State.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">State</term>” means each of the several States, the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, American Samoa, Guam, the United States Virgin Islands, and any other territory or possession of the United States.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s201/6" styleType="OLC"> <num style="-uslm-dtd:enum" value="6">(6) </num><heading style="-uslm-dtd:header">State or local government.—</heading><chapeau style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">State or local government</term>” includes—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tII/s201/6/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">any State and any agency or instrumentality thereof;</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tII/s201/6/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">any local government within a State, and any agency or instrumentality thereof;</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tII/s201/6/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><content style="-uslm-dtd:text">any other governmental instrumentality of a State or locality; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tII/s201/6/D" styleType="OLC"> <num style="-uslm-dtd:enum" value="D">(D) </num><content style="-uslm-dtd:text">any public institution of higher education within the meaning of the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.).</content> </subparagraph> </paragraph> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tII/s202" styleType="OLC"> <num style="-uslm-dtd:enum" value="202">SEC. 202. </num><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t22/s8532">22 U.S.C. 8532</ref><b>]</b> </editorialNote><heading style="-uslm-dtd:header">AUTHORITY OF STATE AND LOCAL GOVERNMENTS TO DIVEST FROM CERTAIN COMPANIES THAT INVEST IN IRAN. </heading> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tII/s202/a" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">(a) </num><heading style="-uslm-dtd:header">Sense of Congress.—</heading><content style="-uslm-dtd:text">It is the sense of Congress that the United States should support the decision of any State or local government that for moral, prudential, or reputational reasons divests from, or prohibits the investment of assets of the State or local government in, a person that engages in investment activities in the energy sector of Iran, as long as Iran is subject to economic sanctions imposed by the United States.</content> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tII/s202/b" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">(b) </num><heading style="-uslm-dtd:header">Authority to Divest.—</heading><content style="-uslm-dtd:text">Notwithstanding any other provision of law, a State or local government may adopt and enforce measures that meet the requirements of subsection (d) to divest the assets of the State or local government from, or prohibit investment of the assets of the State or local government in, any person that the State or local government determines, using credible information available to the public, engages in investment activities in Iran described in subsection (c).</content> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tII/s202/c" styleType="OLC"> <num style="-uslm-dtd:enum" value="c">(c) </num><heading style="-uslm-dtd:header">Investment Activities Described.—</heading><chapeau style="-uslm-dtd:text">A person engages in investment activities in Iran described in this subsection if the person—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s202/c/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">has an investment of $20,000,000 or more in the energy sector of Iran, including in a person that provides oil or liquified natural gas tankers, or products used to construct or maintain pipelines used to transport oil or liquified natural gas, for the energy sector of Iran; or</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s202/c/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">is a financial institution that extends $20,000,000 or more in credit to another person, for 45 days or more, if that person will use the credit for investment in the energy sector of Iran.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tII/s202/d" styleType="OLC"> <num style="-uslm-dtd:enum" value="d">(d) </num><heading style="-uslm-dtd:header">Requirements.—</heading><chapeau style="-uslm-dtd:text">Any measure taken by a State or local government under subsection (b) shall meet the following requirements:</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s202/d/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">Notice.—</heading><content style="-uslm-dtd:text">The State or local government shall provide written notice to each person to which a measure is to be applied.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s202/d/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Timing.—</heading><content style="-uslm-dtd:text">The measure shall apply to a person not earlier than the date that is 90 days after the date on which written notice is provided to the person under paragraph (1).</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s202/d/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><heading style="-uslm-dtd:header">Opportunity for hearing.—</heading><content style="-uslm-dtd:text">The State or local government shall provide an opportunity to comment in writing to each person to which a measure is to be applied. If the person demonstrates to the State or local government that the person does not engage in investment activities in Iran described in subsection (c), the measure shall not apply to the person.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s202/d/4" styleType="OLC"> <num style="-uslm-dtd:enum" value="4">(4) </num><heading style="-uslm-dtd:header">Sense of congress on avoiding erroneous targeting.—</heading><content style="-uslm-dtd:text">It is the sense of Congress that a State or local government should not adopt a measure under subsection (b) with respect to a person unless the State or local government has made every effort to avoid erroneously targeting the person and has verified that the person engages in investment activities in Iran described in subsection (c).</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tII/s202/e" styleType="OLC"> <num style="-uslm-dtd:enum" value="e">(e) </num><heading style="-uslm-dtd:header">Notice to Department of Justice.—</heading><content style="-uslm-dtd:text">Not later than 30 days after adopting a measure pursuant to subsection (b), a State or local government shall submit written notice to the Attorney General describing the measure.</content> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tII/s202/f" styleType="OLC"> <num style="-uslm-dtd:enum" value="f">(f) </num><heading style="-uslm-dtd:header">Nonpreemption.—</heading><content style="-uslm-dtd:text">A measure of a State or local government authorized under subsection (b) or (i) is not preempted by any Federal law or regulation.</content> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tII/s202/g" styleType="OLC"> <num style="-uslm-dtd:enum" value="g">(g) </num><heading style="-uslm-dtd:header">Definitions.—</heading><chapeau style="-uslm-dtd:text">In this section:</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s202/g/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">Assets.—</heading> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tII/s202/g/1/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">Except as provided in subparagraph (B), the term “<term style="-uslm-dtd:term">assets</term>” refers to public monies and includes any pension, retirement, annuity, or endowment fund, or similar instrument, that is controlled by a State or local government.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tII/s202/g/1/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><heading style="-uslm-dtd:header">Exception.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">assets</term>” does not include employee benefit plans covered by title I of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1001 et seq.).</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s202/g/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Investment.—</heading><chapeau style="-uslm-dtd:text">The “<quotedText style="-uslm-dtd:quote">investment</quotedText>” includes—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tII/s202/g/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">a commitment or contribution of funds or property;</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tII/s202/g/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">a loan or other extension of credit; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tII/s202/g/2/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><content style="-uslm-dtd:text">the entry into or renewal of a contract for goods or services.</content> </subparagraph> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tII/s202/h" styleType="OLC"> <num style="-uslm-dtd:enum" value="h">(h) </num><heading style="-uslm-dtd:header">Effective Date.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s202/h/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">Except as provided in paragraph (2) or subsection (i), this section applies to measures adopted by a State or local government before, on, or after the date of the enactment of this Act.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s202/h/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Notice requirements.—</heading><content style="-uslm-dtd:text">Except as provided in subsection (i), subsections (d) and (e) apply to measures adopted by a State or local government on or after the date of the enactment of this Act.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tII/s202/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><heading style="-uslm-dtd:header">Authorization for Prior Enacted Measures.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s202/i/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">Notwithstanding any other provision of this section or any other provision of law, a State or local government may enforce a measure (without regard to the requirements of subsection (d), except as provided in paragraph (2)) adopted by the State or local government before the date of the enactment of this Act that provides for the divestment of assets of the State or local government from, or prohibits the investment of the assets of the State or local government in, any person that the State or local government determines, using credible information available to the public, engages in investment activities in Iran (determined without regard to subsection (c)) or other business activities in Iran that are identified in the measure.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s202/i/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Application of notice requirements.—</heading><content style="-uslm-dtd:text">A measure described in paragraph (1) shall be subject to the requirements of paragraphs (1) and (2) and the first sentence of paragraph (3) of subsection (d) on and after the date that is 2 years after the date of the enactment of this Act.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tII/s202/j" styleType="OLC"> <num style="-uslm-dtd:enum" value="j">(j) </num><heading style="-uslm-dtd:header">Rule of Construction.—</heading><content style="-uslm-dtd:text">Nothing in this Act or any other provision of law authorizing sanctions with respect to Iran shall be construed to abridge the authority of a State to issue and enforce rules governing the safety, soundness, and solvency of a financial institution subject to its jurisdiction or the business of insurance pursuant to the Act of March 9, 1945 (15 U.S.C. 1011 et seq.) (commonly known as the “<quotedText style="-uslm-dtd:quote">McCarran-Ferguson Act</quotedText>”).</content> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tII/s203" styleType="OLC"> <num style="-uslm-dtd:enum" value="203">SEC. 203. </num><heading style="-uslm-dtd:header">SAFE HARBOR FOR CHANGES OF INVESTMENT POLICIES BY ASSET MANAGERS. </heading> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tII/s203/a" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">(a) </num><heading style="-uslm-dtd:header">In General.—</heading><content style="-uslm-dtd:text">Section 13(c)(1) of the Investment Company Act of 1940 (15 U.S.C. 80a–13(c)(1)) is amended to read as follows:<quotedContent style="-uslm-dtd:quoted-block"> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">“(1) </num><heading style="-uslm-dtd:header">In general.—</heading><chapeau style="-uslm-dtd:text">Notwithstanding any other provision of Federal or State law, no person may bring any civil, criminal, or administrative action against any registered investment company, or any employee, officer, director, or investment adviser thereof, based solely upon the investment company divesting from, or avoiding investing in, securities issued by persons that the investment company determines, using credible information available to the public—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">“(A) </num><content style="-uslm-dtd:text">conduct or have direct investments in business operations in Sudan described in section 3(d) of the Sudan Accountability and Divestment Act of 2007 (50 U.S.C. 1701 note); or</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">“(B) </num><content style="-uslm-dtd:text">engage in investment activities in Iran described in section 202(c) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010.”</content> </subparagraph> </paragraph></quotedContent>.</content> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tII/s203/b" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">(b) </num><heading style="-uslm-dtd:header">SEC Regulations.—</heading><content style="-uslm-dtd:text">Not later than 120 days after the date of the enactment of this Act, the Securities and Exchange Commission shall issue any revisions the Commission determines to be necessary to the regulations requiring disclosure by each registered investment company that divests itself of securities in accordance with section 13(c) of the Investment Company Act of 1940 to include divestments of securities in accordance with paragraph (1)(B) of such section, as added by subsection (a) of this section.</content> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tII/s204" styleType="OLC"> <num style="-uslm-dtd:enum" value="204">SEC. 204. </num><heading style="-uslm-dtd:header">SENSE OF CONGRESS REGARDING CERTAIN ERISA PLAN INVESTMENTS. </heading> <subsection style="-uslm-dtd:subsection" styleType="OLC" role="undesignated-level"><chapeau style="-uslm-dtd:text">It is the sense of Congress that a fiduciary of an employee benefit plan, as defined in section 3(3) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1002(3)), may divest plan assets from, or avoid investing plan assets in, any person the fiduciary determines engages in investment activities in Iran described in section 202(c) of this Act, without breaching the responsibilities, obligations, or duties imposed upon the fiduciary by subparagraph (A) or (B) of section 404(a)(1) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1104(a)(1)), if—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s204/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">the fiduciary makes such determination using credible information that is available to the public; and</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s204/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><chapeau style="-uslm-dtd:text">the fiduciary prudently determines that the result of such divestment or avoidance of investment would not be expected to provide the employee benefit plan with—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tII/s204/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">a lower rate of return than alternative investments with commensurate degrees of risk; or</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tII/s204/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">a higher degree of risk than alternative investments with commensurate rates of return.</content> </subparagraph> </paragraph> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tII/s205" styleType="OLC"> <num style="-uslm-dtd:enum" value="205">SEC. 205. </num><heading style="-uslm-dtd:header">TECHNICAL CORRECTIONS TO SUDAN ACCOUNTABILITY AND DIVESTMENT ACT OF 2007. </heading> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tII/s205/a" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">(a) </num><heading style="-uslm-dtd:header">ERISA Plan Investments.—</heading><chapeau style="-uslm-dtd:text">Section 5 of the Sudan Accountability and Divestment Act of 2007 (Public Law 110–174; 50 U.S.C. 1701 note) is amended—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s205/a/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">by striking “<quotedText style="-uslm-dtd:quote">section 404 of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1104)</quotedText>” and inserting “<quotedText style="-uslm-dtd:quote">subparagraph (A) or (B) of section 404(a)(1) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1104(a)(1))</quotedText>”; and</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s205/a/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">by striking paragraph (2) and inserting the following:<quotedContent style="-uslm-dtd:quoted-block"> <paragraph style="-uslm-dtd:paragraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">“(2) </num><chapeau style="-uslm-dtd:text">the fiduciary prudently determines that the result of such divestment or avoidance of investment would not be expected to provide the employee benefit plan with—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">“(A) </num><content style="-uslm-dtd:text">a lower rate of return than alternative investments with commensurate degrees of risk; or</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">“(B) </num><content style="-uslm-dtd:text">a higher degree of risk than alternative investments with commensurate rates of return.”</content> </subparagraph> </paragraph></quotedContent>.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tII/s205/b" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">(b) </num><heading style="-uslm-dtd:header">Safe Harbor for Changes of Investment Policies by Asset Managers.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s205/b/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">Section 13(c)(2)(A) of the Investment Company Act of 1940 (15 U.S.C. 80a–13(c)(2)(A)) is amended to read as follows:<quotedContent style="-uslm-dtd:quoted-block"> <subparagraph style="-uslm-dtd:subparagraph" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">“(A) </num><heading style="-uslm-dtd:header">Rule of construction.—</heading><content style="-uslm-dtd:text">Nothing in paragraph (1) shall be construed to create, imply, diminish, change, or affect in any way whether or not a private right of action exists under subsection (a) or any other provision of this Act.”</content> </subparagraph></quotedContent>.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tII/s205/b/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Applicability.—</heading><content style="-uslm-dtd:text">The amendment made by paragraph (1) shall apply as if included in the Sudan Accountability and Divestment Act of 2007 (Public Law 110–174; 50 U.S.C. 1701 note).</content> </paragraph> </subsection> </section> <num style="-uslm-dtd:enum" value="III">TITLE III—</num><heading style="-uslm-dtd:header">PREVENTION OF DIVERSION OF CERTAIN GOODS, SERVICES, AND TECHNOLOGIES TO IRAN </heading> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tIII/s301" styleType="OLC" role="definitions"> <num style="-uslm-dtd:enum" value="301">SEC. 301. </num><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t22/s8541">22 U.S.C. 8541</ref><b>]</b> </editorialNote><heading style="-uslm-dtd:header">DEFINITIONS. </heading> <subsection style="-uslm-dtd:subsection" styleType="OLC" role="undesignated-level"><chapeau style="-uslm-dtd:text">In this title:</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s301/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">Allow.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">allow</term>”, with respect to the diversion through a country of goods, services, or technologies, means the government of the country knows or has reason to know that the territory of the country is being used for such diversion.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s301/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Appropriate congressional committees.—</heading><chapeau style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">appropriate congressional committees</term>” means—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s301/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">the Committee on Banking, Housing, and Urban Affairs, the Committee on Foreign Relations, and the Select Committee on Intelligence of the Senate; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s301/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">the Committee on Foreign Affairs and the Permanent Select Committee on Intelligence of the House of Representatives.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s301/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><heading style="-uslm-dtd:header">Commerce control list.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">Commerce Control List</term>” means the list maintained pursuant to part 774 of the Export Administration Regulations (or any corresponding similar regulation or ruling).</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s301/4" styleType="OLC"> <num style="-uslm-dtd:enum" value="4">(4) </num><heading style="-uslm-dtd:header">Divert; diversion.—</heading><content style="-uslm-dtd:text">The terms “<term style="-uslm-dtd:term">divert</term>” and “<term style="-uslm-dtd:quote">diversion</term>” refer to the transfer or release, directly or indirectly, of a good, service, or technology to an end-user or an intermediary that is not an authorized recipient of the good, service, or technology.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s301/5" styleType="OLC"> <num style="-uslm-dtd:enum" value="5">(5) </num><heading style="-uslm-dtd:header">End-user.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">end-user</term>”, with respect to a good, service, or technology, means the person that receives and ultimately uses the good, service, or technology.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s301/6" styleType="OLC"> <num style="-uslm-dtd:enum" value="6">(6) </num><heading style="-uslm-dtd:header">Export administration regulations.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">Export Administration Regulations</term>” means subchapter C of chapter VII of title 15, Code of Federal Regulations (or any corresponding similar regulation or ruling).</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s301/7" styleType="OLC"> <num style="-uslm-dtd:enum" value="7">(7) </num><heading style="-uslm-dtd:header">Government.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">government</term>” includes any agency or instrumentality of a government.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s301/8" styleType="OLC"> <num style="-uslm-dtd:enum" value="8">(8) </num><heading style="-uslm-dtd:header">Intermediary.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">intermediary</term>” means a person that receives a good, service, or technology while the good, service, or technology is in transit to the end-user of the good, service, or technology.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s301/9" styleType="OLC"> <num style="-uslm-dtd:enum" value="9">(9) </num><heading style="-uslm-dtd:header">International traffic in arms regulations.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">International Traffic in Arms Regulations</term>” means subchapter M of chapter I of title 22, Code of Federal Regulations (or any corresponding similar regulation or ruling).</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s301/10" styleType="OLC"> <num style="-uslm-dtd:enum" value="10">(10) </num><heading style="-uslm-dtd:header">Iran.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">Iran</term>” includes the Government of Iran and any agency or instrumentality of Iran.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s301/11" styleType="OLC"> <num style="-uslm-dtd:enum" value="11">(11) </num><heading style="-uslm-dtd:header">Iranian end-user.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">Iranian end-user</term>” means an end-user that is the Government of Iran or a person in, or an agency or instrumentality of, Iran.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s301/12" styleType="OLC"> <num style="-uslm-dtd:enum" value="12">(12) </num><heading style="-uslm-dtd:header">Iranian intermediary.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">Iranian intermediary</term>” means an intermediary that is the Government of Iran or a person in, or an agency or instrumentality of, Iran.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s301/13" styleType="OLC"> <num style="-uslm-dtd:enum" value="13">(13) </num><heading style="-uslm-dtd:header">State sponsor of terrorism.—</heading><chapeau style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">state sponsor of terrorism</term>” means any country the government of which the Secretary of State has determined has repeatedly provided support for acts of international terrorism pursuant to—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s301/13/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">section 6(j)(1)(A) of the Export Administration Act of 1979 (50 U.S.C. App. 2405(j)(1)(A)) (or any successor thereto);</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s301/13/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">section 40(d) of the Arms Export Control Act (22 U.S.C. 2780(d)); or</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s301/13/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><content style="-uslm-dtd:text">section 620A(a) of the Foreign Assistance Act of 1961 (22 U.S.C. 2371(a)).</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s301/14" styleType="OLC"> <num style="-uslm-dtd:enum" value="14">(14) </num><heading style="-uslm-dtd:header">United states munitions list.—</heading><content style="-uslm-dtd:text">The term “<term style="-uslm-dtd:term">United States Munitions List</term>” means the list maintained pursuant to part 121 of the International Traffic in Arms Regulations (or any corresponding similar regulation or ruling).</content> </paragraph> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tIII/s302" styleType="OLC"> <num style="-uslm-dtd:enum" value="302">SEC. 302. </num><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t22/s8542">22 U.S.C. 8542</ref><b>]</b> </editorialNote><heading style="-uslm-dtd:header">IDENTIFICATION OF COUNTRIES OF CONCERN WITH RESPECT TO THE DIVERSION OF CERTAIN GOODS, SERVICES, AND TECHNOLOGIES TO OR THROUGH IRAN. </heading> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tIII/s302/a" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">(a) </num><heading style="-uslm-dtd:header">In General.—</heading><content style="-uslm-dtd:text">Not later than 180 days after the date of the enactment of this Act, the Director of National Intelligence shall submit to the President, the Secretary of Defense, the Secretary of Commerce, the Secretary of State, the Secretary of the Treasury, and the appropriate congressional committees a report that identifies each country the government of which the Director believes, based on all information available to the Director, is allowing the diversion through the country of goods, services, or technologies described in subsection (b) to Iranian end-users or Iranian intermediaries.</content> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tIII/s302/b" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">(b) </num><heading style="-uslm-dtd:header">Goods, Services, and Technologies Described.—</heading><chapeau style="-uslm-dtd:text">Goods, services, or technologies described in this subsection are goods, services, or technologies—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s302/b/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><chapeau style="-uslm-dtd:text">that—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s302/b/1/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">originated in the United States;</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s302/b/1/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><chapeau style="-uslm-dtd:text">would make a material contribution to Iran's—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tIII/s302/b/1/B/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">development of nuclear, chemical, or biological weapons;</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tIII/s302/b/1/B/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><content style="-uslm-dtd:text">ballistic missile or advanced conventional weapons capabilities; or</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tIII/s302/b/1/B/iii" styleType="OLC"> <num style="-uslm-dtd:enum" value="iii">(iii) </num><content style="-uslm-dtd:text">support for international terrorism; and</content> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s302/b/1/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><chapeau style="-uslm-dtd:text">are—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tIII/s302/b/1/C/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">items on the Commerce Control List or services related to those items; or</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tIII/s302/b/1/C/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><content style="-uslm-dtd:text">defense articles or defense services on the United States Munitions List; or</content> </clause> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s302/b/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">that are prohibited for export to Iran under a resolution of the United Nations Security Council.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tIII/s302/c" styleType="OLC"> <num style="-uslm-dtd:enum" value="c">(c) </num><heading style="-uslm-dtd:header">Updates.—</heading><chapeau style="-uslm-dtd:text">The Director of National Intelligence shall update the report required by subsection (a)—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s302/c/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">as new information becomes available; and</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s302/c/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">not less frequently than annually.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tIII/s302/d" styleType="OLC"> <num style="-uslm-dtd:enum" value="d">(d) </num><heading style="-uslm-dtd:header">Form.—</heading><content style="-uslm-dtd:text">The report required by subsection (a) and the updates required by subsection (c) may be submitted in classified form.</content> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tIII/s303" styleType="OLC"> <num style="-uslm-dtd:enum" value="303">SEC. 303. </num><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t22/s8543">22 U.S.C. 8543</ref><b>]</b> </editorialNote><heading style="-uslm-dtd:header">DESTINATIONS OF DIVERSION CONCERN. </heading> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tIII/s303/a" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">(a) </num><heading style="-uslm-dtd:header">Designation.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s303/a/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">The President shall designate a country as a Destination of Diversion Concern if the President determines that the government of the country allows substantial diversion of goods, services, or technologies described in section 302(b) through the country to Iranian end-users or Iranian intermediaries.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s303/a/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Determination of substantial.—</heading><chapeau style="-uslm-dtd:text">For purposes of paragraph (1), the President shall determine whether the government of a country allows substantial diversion of goods, services, or technologies described in section 302(b) through the country to Iranian end-users or Iranian intermediaries based on criteria that include—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s303/a/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">the volume of such goods, services, and technologies that are diverted through the country to such end-users or intermediaries;</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s303/a/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">the inadequacy of the export controls of the country;</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s303/a/2/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><content style="-uslm-dtd:text">the unwillingness or demonstrated inability of the government of the country to control the diversion of such goods, services, and technologies to such end-users or intermediaries; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s303/a/2/D" styleType="OLC"> <num style="-uslm-dtd:enum" value="D">(D) </num><content style="-uslm-dtd:text">the unwillingness or inability of the government of the country to cooperate with the United States in efforts to interdict the diversion of such goods, services, or technologies to such end-users or intermediaries.</content> </subparagraph> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tIII/s303/b" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">(b) </num><heading style="-uslm-dtd:header">Report on Designation.—</heading><chapeau style="-uslm-dtd:text">Upon designating a country as a Destination of Diversion Concern under subsection (a), the President shall submit to the appropriate congressional committees a report—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s303/b/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">notifying those committees of the designation of the country; and</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s303/b/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">containing a list of the goods, services, and technologies described in section 302(b) that the President determines are diverted through the country to Iranian end-users or Iranian intermediaries.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tIII/s303/c" styleType="OLC"> <num style="-uslm-dtd:enum" value="c">(c) </num><heading style="-uslm-dtd:header">Licensing Requirement.—</heading><content style="-uslm-dtd:text">Not later than 45 days after submitting a report required by subsection (b) with respect to a country designated as a Destination of Diversion Concern under subsection (a), the President shall require a license under the Export Administration Regulations or the International Traffic in Arms Regulations (whichever is applicable) to export to that country a good, service, or technology on the list required under subsection (b)(2), with the presumption that any application for such a license will be denied.</content> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tIII/s303/d" styleType="OLC"> <num style="-uslm-dtd:enum" value="d">(d) </num><heading style="-uslm-dtd:header">Delay of Imposition of Licensing Requirement.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s303/d/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><chapeau style="-uslm-dtd:text">The President may delay the imposition of the licensing requirement under subsection (c) with respect to a country designated as a Destination of Diversion Concern under subsection (a) for a 12-month period if the President—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s303/d/1/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><chapeau style="-uslm-dtd:text">determines that the government of the country is taking steps—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tIII/s303/d/1/A/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">to institute an export control system or strengthen the export control system of the country;</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tIII/s303/d/1/A/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><content style="-uslm-dtd:text">to interdict the diversion of goods, services, or technologies described in section 302(b) through the country to Iranian end-users or Iranian intermediaries; and</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tIII/s303/d/1/A/iii" styleType="OLC"> <num style="-uslm-dtd:enum" value="iii">(iii) </num><content style="-uslm-dtd:text">to comply with and enforce United Nations Security Council Resolutions 1696 (2006), 1737 (2006), 1747 (2007), 1803 (2008), and 1929 (2010), and any other resolution that is agreed to by the Security Council and imposes sanctions with respect to Iran;</content> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s303/d/1/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">determines that it is appropriate to carry out government-to-government activities to strengthen the export control system of the country; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s303/d/1/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><content style="-uslm-dtd:text">submits to the appropriate congressional committees a report describing the steps specified in subparagraph (A) being taken by the government of the country.</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s303/d/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Additional 12-month periods.—</heading><chapeau style="-uslm-dtd:text">The President may delay the imposition of the licensing requirement under subsection (c) with respect to a country designated as a Destination of Diversion Concern under subsection (a) for additional 12-month periods after the 12-month period referred to in paragraph (1) if the President, for each such 12-month period—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s303/d/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">makes the determinations described in subparagraphs (A) and (B) of paragraph (1) with respect to the country; and</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s303/d/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">submits to the appropriate congressional committees an updated version of the report required by subparagraph (C) of paragraph (1).</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s303/d/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><heading style="-uslm-dtd:header">Strengthening export control systems.—</heading><chapeau style="-uslm-dtd:text">If the President determines under paragraph (1)(B) that is it appropriate to carry out government-to-government activities to strengthen the export control system of a country designated as a Destination of Diversion Concern under subsection (a), the United States shall initiate government-to-government activities that may include—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s303/d/3/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><chapeau style="-uslm-dtd:text">cooperation by agencies and departments of the United States with counterpart agencies and departments in the country—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tIII/s303/d/3/A/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">to develop or strengthen the export control system of the country;</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tIII/s303/d/3/A/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><content style="-uslm-dtd:text">to strengthen cooperation among agencies of the country and with the United States and facilitate enforcement of the export control system of the country; and</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tIII/s303/d/3/A/iii" styleType="OLC"> <num style="-uslm-dtd:enum" value="iii">(iii) </num><content style="-uslm-dtd:text">to promote information and data exchanges among agencies of the country and with the United States;</content> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s303/d/3/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><chapeau style="-uslm-dtd:text">training officials of the country to strengthen the export control systems of the country—</chapeau> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tIII/s303/d/3/B/i" styleType="OLC"> <num style="-uslm-dtd:enum" value="i">(i) </num><content style="-uslm-dtd:text">to facilitate legitimate trade in goods, services, and technologies; and</content> </clause> <clause style="-uslm-dtd:clause" identifier="/us/sComp/111/195/tIII/s303/d/3/B/ii" styleType="OLC"> <num style="-uslm-dtd:enum" value="ii">(ii) </num><content style="-uslm-dtd:text">to prevent terrorists and state sponsors of terrorism, including Iran, from obtaining nuclear, biological, and chemical weapons, defense technologies, components for improvised explosive devices, and other defense articles; and</content> </clause> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s303/d/3/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><content style="-uslm-dtd:text">encouraging the government of the country to participate in the Proliferation Security Initiative, such as by entering into a ship boarding agreement pursuant to the Initiative.</content> </subparagraph> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tIII/s303/e" styleType="OLC"> <num style="-uslm-dtd:enum" value="e">(e) </num><heading style="-uslm-dtd:header">Termination of Designation.—</heading><content style="-uslm-dtd:text">The designation of a country as a Destination of Diversion Concern under subsection (a) shall terminate on the date on which the President determines, and certifies to the appropriate congressional committees, that the country has adequately strengthened the export control system of the country to prevent the diversion of goods, services, and technologies described in section 302(b) to Iranian end-users or Iranian intermediaries.</content> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tIII/s303/f" styleType="OLC"> <num style="-uslm-dtd:enum" value="f">(f) </num><heading style="-uslm-dtd:header">Form of Reports.—</heading><content style="-uslm-dtd:text">A report required by subsection (b) or (d) may be submitted in classified form.</content> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tIII/s304" styleType="OLC"> <num style="-uslm-dtd:enum" value="304">SEC. 304. </num><heading style="-uslm-dtd:header">REPORT ON EXPANDING DIVERSION CONCERN SYSTEM TO ADDRESS THE DIVERSION OF UNITED STATES ORIGIN GOODS, SERVICES, AND TECHNOLOGIES TO CERTAIN COUNTRIES OTHER THAN IRAN. </heading> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tIII/s304/a" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">(a) </num><heading style="-uslm-dtd:header">In General.—</heading><chapeau style="-uslm-dtd:text">Not later than 1 year after the date of the enactment of this Act, the President shall submit to the appropriate congressional committees a report that—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s304/a/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><chapeau style="-uslm-dtd:text">identifies any country that the President determines is allowing the diversion, in violation of United States law, of items on the Commerce Control List or services related to those items, or defense articles or defense services on the United States Munitions List, that originated in the United States to another country if such other country—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s304/a/1/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">is seeking to obtain nuclear, biological, or chemical weapons, or ballistic missiles; or</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s304/a/1/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">provides support for acts of international terrorism; and</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s304/a/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">assesses the feasability and advisability of expanding the system established under section 303 for designating countries as Destinations of Diversion Concern to include countries identified under paragraph (1).</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tIII/s304/b" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">(b) </num><heading style="-uslm-dtd:header">Form.—</heading><content style="-uslm-dtd:text">The report required by subsection (a) may be submitted in classified form.</content> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tIII/s305" styleType="OLC"> <num style="-uslm-dtd:enum" value="305">SEC. 305. </num><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t22/s8544">22 U.S.C. 8544</ref><b>]</b> </editorialNote><heading style="-uslm-dtd:header">ENFORCEMENT AUTHORITY. </heading> <subsection style="-uslm-dtd:subsection" styleType="OLC" role="undesignated-level"><chapeau style="-uslm-dtd:text">The Secretary of Commerce may designate any employee of the Office of Export Enforcement of the Department of Commerce to conduct activities specified in clauses (i), (ii), and (iii) of section 12(a)(3)(B) of the Export Administration Act of 1979 (50 U.S.C. App. 2411(a)(3)(B)) when the employee is carrying out activities to enforce—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s305/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><content style="-uslm-dtd:text">the provisions of the Export Administration Act of 1979 (50 U.S.C. App. 2401 et seq.) (as in effect pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.));</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s305/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">the provisions of this title, or any other provision of law relating to export controls, with respect to which the Secretary of Commerce has enforcement responsibility; or</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIII/s305/3" styleType="OLC"> <num style="-uslm-dtd:enum" value="3">(3) </num><chapeau style="-uslm-dtd:text">any license, order, or regulation issued under—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s305/3/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">the Export Administration Act of 1979 (50 U.S.C. App. 2401 et seq.) (as in effect pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.)); or</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIII/s305/3/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">a provision of law referred to in paragraph (2).</content> </subparagraph> </paragraph> </subsection> </section> <num style="-uslm-dtd:enum" value="IV">TITLE IV—</num><heading style="-uslm-dtd:header">GENERAL PROVISIONS </heading> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tIV/s401" styleType="OLC"> <num style="-uslm-dtd:enum" value="401">SEC. 401. </num><editorialNote style="-uslm-dtd:usc-reference" role="uscRef"><b>[</b><ref href="/us/usc/t22/s8551">22 U.S.C. 8551</ref><b>]</b> </editorialNote><heading style="-uslm-dtd:header">GENERAL PROVISIONS. </heading> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tIV/s401/a" styleType="OLC"> <num style="-uslm-dtd:enum" value="a">(a) </num><heading style="-uslm-dtd:header">Sunset.—</heading><chapeau style="-uslm-dtd:text">The provisions of this Act (other than sections 105 and 305 and the amendments made by sections 102, 107, 109, and 205) shall terminate, and section 13(c)(1)(B) of the Investment Company Act of 1940, as added by section 203(a), shall cease to be effective, on the date that is 30 days after the date on which the President certifies to Congress that—</chapeau> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIV/s401/a/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><chapeau style="-uslm-dtd:text">the Government of Iran has ceased providing support for acts of international terrorism and no longer satisfies the requirements for designation as a state sponsor of terrorism (as defined in section 301) under—</chapeau> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIV/s401/a/1/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><content style="-uslm-dtd:text">section 6(j)(1)(A) of the Export Administration Act of 1979 (50 U.S.C. App. 2405(j)(1)(A)) (or any successor thereto);</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIV/s401/a/1/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><content style="-uslm-dtd:text">section 40(d) of the Arms Export Control Act (22 U.S.C. 2780(d)); or</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIV/s401/a/1/C" styleType="OLC"> <num style="-uslm-dtd:enum" value="C">(C) </num><content style="-uslm-dtd:text">section 620A(a) of the Foreign Assistance Act of 1961 (22 U.S.C. 2371(a)); and</content> </subparagraph> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIV/s401/a/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><content style="-uslm-dtd:text">Iran has ceased the pursuit, acquisition, and development of, and verifiably dismantled its, nuclear, biological, and chemical weapons and ballistic missiles and ballistic missile launch technology.</content> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tIV/s401/b" styleType="OLC"> <num style="-uslm-dtd:enum" value="b">(b) </num><heading style="-uslm-dtd:header">Presidential Waivers.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIV/s401/b/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">The President may waive the application of sanctions under section 103(b), the requirement to impose or maintain sanctions with respect to a person under section 105(a), 105A(a), 105B(a), or 105C(a), the requirement to include a person on the list required by section 105(b), 105A(b), 105B(b), or 105C(b), the application of the prohibition under section 106(a), or the imposition of the licensing requirement under section 303(c) with respect to a country designated as a Destination of Diversion Concern under section 303(a), if the President determines that such a waiver is in the national interest of the United States.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIV/s401/b/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Reports.—</heading> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIV/s401/b/2/A" styleType="OLC"> <num style="-uslm-dtd:enum" value="A">(A) </num><heading style="-uslm-dtd:header">In general.—</heading><content style="-uslm-dtd:text">If the President waives the application of a provision pursuant to paragraph (1), the President shall submit to the appropriate congressional committees a report describing the reasons for the waiver.</content> </subparagraph> <subparagraph style="-uslm-dtd:subparagraph" identifier="/us/sComp/111/195/tIV/s401/b/2/B" styleType="OLC"> <num style="-uslm-dtd:enum" value="B">(B) </num><heading style="-uslm-dtd:header">Special rule for report on waiving imposition of licensing requirement under section 303<inline style="-uslm-dtd:enum-in-header">(c)</inline>.—</heading><content style="-uslm-dtd:text">In any case in which the President waives, pursuant to paragraph (1), the imposition of the licensing requirement under section 303(c) with respect to a country designated as a Destination of Diversion Concern under section 303(a), the President shall include in the report required by subparagraph (A) of this paragraph an assessment of whether the government of the country is taking the steps described in subparagraph (A) of section 303(d)(1).</content> </subparagraph> </paragraph> </subsection> <subsection style="-uslm-dtd:subsection" identifier="/us/sComp/111/195/tIV/s401/c" styleType="OLC"> <num style="-uslm-dtd:enum" value="c">(c) </num><heading style="-uslm-dtd:header">Authorizations of Appropriations.—</heading> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIV/s401/c/1" styleType="OLC"> <num style="-uslm-dtd:enum" value="1">(1) </num><heading style="-uslm-dtd:header">Authorization of appropriations for the department of state and the department of the treasury.—</heading><content style="-uslm-dtd:text">There are authorized to be appropriated to the Secretary of State and to the Secretary of the Treasury such sums as may be necessary to implement the provisions of, and amendments made by, titles I and III of this Act.</content> </paragraph> <paragraph style="-uslm-dtd:paragraph" identifier="/us/sComp/111/195/tIV/s401/c/2" styleType="OLC"> <num style="-uslm-dtd:enum" value="2">(2) </num><heading style="-uslm-dtd:header">Authorization of appropriations for the department of commerce.—</heading><content style="-uslm-dtd:text">There are authorized to be appropriated to the Secretary of Commerce such sums as may be necessary to carry out title III.</content> </paragraph> </subsection> </section> <section style="-uslm-dtd:section" identifier="/us/sComp/111/195/tIV/s402" styleType="OLC"> <num style="-uslm-dtd:enum" value="402">SEC. 402. </num><heading style="-uslm-dtd:header">DETERMINATION OF BUDGETARY EFFECTS. </heading> <content style="-uslm-dtd:text" class="block">The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go-Act of 2010, shall be determined by reference to the latest statement titled “<quotedText style="-uslm-dtd:quote">Budgetary Effects of PAYGO Legislation</quotedText>” for this Act, jointly submitted for printing in the Congressional Record by the Chairmen of the House and Senate Budget Committees, provided that such statement has been submitted prior to the vote on passage in the House acting first on this conference report or amendment between the Houses.</content> </section>