[Congressional Record Volume 163, Number 98 (Thursday, June 8, 2017)]
[Senate]
[Pages S3368-S3372]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 230. Mr. HELLER submitted an amendment intended to be proposed by
him to the bill S. 722, to impose sanctions with respect to Iran in
relation to
[[Page S3369]]
Iran's ballistic missile program, support for acts of international
terrorism, and violations of human rights, and for other purposes;
which was ordered to lie on the table; as follows:
Beginning on page 31, strike line 16 and all that follows
through page 35, line 25.
At the end, add the following:
TITLE II--SANCTIONS WITH RESPECT TO BALLISTIC MISSILE PROGRAM OF IRAN
SEC. 200. SHORT TITLE.
This title may be cited as the ``Iran Ballistic Missile
Sanctions Act''.
SEC. 201. FINDINGS.
Congress finds the following:
(1) On April 2, 2015, President Barack Obama said, ``Other
American sanctions on Iran for its support of terrorism, its
human rights abuses, its ballistic missile program, will
continue to be fully enforced.''.
(2) On July 7, 2015, General Martin Dempsey, then-Chairman
of the Joint Chiefs of Staff, said, ``Under no circumstances
should we relieve the pressure on Iran relative to ballistic
missile capabilities.''.
(3) On July 29, 2015, in his role as the top military
officer in the United States and advisor to the President,
General Dempsey confirmed that his military recommendation
was that sanctions relating to the ballistic missile program
of Iran not be lifted.
(4) The Government of Iran and Iran's Revolutionary Guard
Corps have been responsible for the repeated testing of
illegal ballistic missiles capable of carrying a nuclear
device, including observed tests in October and November 2015
and March 2016, violating United Nations Security Council
resolutions.
(5) On October 14, 2015, Samantha Power, United States
Ambassador to the United Nations, said, ``One of the really
important features in implementation of the recent Iran deal
to dismantle Iran's nuclear program is going to have to be
enforcement of the resolutions and the standards that remain
on the books.''.
(6) On December 11, 2015, the United Nations Panel of
Experts concluded that the missile launch on October 10,
2015, ``was a violation by Iran of paragraph 9 of Security
Council resolution 1929 (2010)''.
(7) On January 17, 2016, Adam Szubin, Acting Under
Secretary for Terrorism and Financial Intelligence, stated,
``Iran's ballistic missile program poses a significant threat
to regional and global security, and it will continue to be
subject to international sanctions. We have consistently made
clear that the United States will vigorously press sanctions
against Iranian activities outside of the Joint Comprehensive
Plan of Action--including those related to Iran's support for
terrorism, regional destabilization, human rights abuses, and
ballistic missile program.''.
(8) On February 9, 2016, James Clapper, Director of
National Intelligence, testified that, ``We judge that Tehran
would choose ballistic missiles as its preferred method of
delivering nuclear weapons, if it builds them. Iran's
ballistic missiles are inherently capable of delivering WMD,
and Tehran already has the largest inventory of ballistic
missiles in the Middle East. Iran's progress on space launch
vehicles--along with its desire to deter the United States
and its allies--provides Tehran with the means and motivation
to develop longer-range missiles, including ICBMs.''.
(9) On March 9, 2016, Iran reportedly fired two Qadr
ballistic missiles with a range of more than 1,000 miles and
according to public reports, the missiles were marked with a
statement in Hebrew reading, ``Israel must be wiped off the
arena of time.''.
(10) On March 11, 2016, Ambassador Power called the recent
ballistic missile launches by Iran ``provocative and
destabilizing'' and called on the international community to
``degrade Iran's missile program''.
(11) On March 14, 2016, Ambassador Power said that the
recent ballistic missile launches by Iran were ``in defiance
of provisions of UN Security Council Resolution 2231''.
(12) Iran has demonstrated the ability to launch multiple
rockets from fortified underground facilities and mobile
launch sites not previously known.
(13) The ongoing procurement by Iran of technologies needed
to boost the range, accuracy, and payloads of its diverse
ballistic missile arsenal represents a threat to deployed
personnel of the United States and allies of the United
States in Europe and the Middle East, including Israel.
(14) Ashton Carter, Secretary of Defense, testified in a
hearing before the Armed Services Committee of the Senate on
July 7, 2015, that, ``[T]he reason that we want to stop Iran
from having an ICBM program is that the I in ICBM stands for
intercontinental, which means having the capability to fly
from Iran to the United States, and we don't want that.
That's why we oppose ICBMs.''.
(15) Through recent ballistic missile launch tests the
Government of Iran has shown blatant disregard for
international laws and its intention to continue tests of
that nature throughout the implementation of the Joint
Comprehensive Plan of Action.
(16) The banking sector of Iran has facilitated the
financing of the ballistic missile programs in Iran and
evidence has not been provided that entities in that sector
have ceased facilitating the financing of those programs.
(17) Iran has been able to amass a large arsenal of
ballistic missiles through its illicit smuggling networks and
domestic manufacturing capabilities that have been supported
and maintained by Iran's Revolutionary Guard Corps and
specific sectors of the economy of Iran.
(18) Penetration by Iran's Revolutionary Guard Corps into
the economy of Iran is well documented including investments
in the construction, automotive, telecommunications,
electronics, mining, metallurgy, and petrochemical sectors of
the economy of Iran.
(19) Items procured through sectors of Iran specified in
paragraph (18) have dual use applications that are currently
being used to create ballistic missiles in Iran and will
continue to be a source of materials for the creation of
future weapons.
(20) In order to curb future illicit activity by Iran, the
Government of the United States and the international
community must take action against persons that facilitate
and profit from the illegal acquisition of ballistic missile
parts and technology in support of the missile programs of
Iran.
SEC. 202. SENSE OF CONGRESS.
It is the sense of Congress that--
(1) the ballistic missile program of Iran represents a
serious threat to allies of the United States in the Middle
East and Europe, members of the Armed Forces deployed in the
those regions, and ultimately the United States;
(2) the testing and production by Iran of ballistic
missiles capable of carrying a nuclear device is a clear
violation of United Nations Security Council Resolution 2231
(2015), which was unanimously adopted by the international
community;
(3) Iran is using its space launch program to develop the
capabilities necessary to deploy an intercontinental
ballistic missile that could threaten the United States, and
the Director of National Intelligence has assessed that Iran
would use ballistic missiles as its ``preferred method of
delivering nuclear weapons''; and
(4) the Government of the United States should impose tough
primary and secondary sanctions against any sector of the
economy of Iran or any Iranian person that directly or
indirectly supports the ballistic missile program of Iran as
well as any foreign person or financial institution that
engages in transactions or trade that support that program.
SEC. 203. EXPANSION OF SANCTIONS WITH RESPECT TO EFFORTS BY
IRAN TO ACQUIRE BALLISTIC MISSILE AND RELATED
TECHNOLOGY.
(a) Certain Persons.--Section 1604(a) of the Iran-Iraq Arms
Non-Proliferation Act of 1992 (Public Law 102-484; 50 U.S.C.
1701 note) is amended by inserting ``, to acquire ballistic
missile or related technology,'' after ``nuclear weapons''.
(b) Foreign Countries.--Section 1605(a) of the Iran-Iraq
Arms Non-Proliferation Act of 1992 (Public Law 102-484; 50
U.S.C. 1701 note) is amended, in the matter preceding
paragraph (1), by inserting ``, to acquire ballistic missile
or related technology,'' after ``nuclear weapons''.
SEC. 204. EXPANSION OF SANCTIONS WITH RESPECT TO PERSONS THAT
ACQUIRE OR DEVELOP BALLISTIC MISSILES.
Section 5(b)(1)(B) of the Iran Sanctions Act of 1996
(Public Law 104-172; 50 U.S.C. 1701 note) is amended--
(1) in clause (i), by striking ``would likely'' and
inserting ``may''; and
(2) in clause (ii)--
(A) in subclause (I), by striking ``; or'' and inserting a
semicolon;
(B) by redesignating subclause (II) as subclause (III); and
(C) by inserting after subclause (I) the following:
``(II) acquire or develop ballistic missiles and the
capability to launch ballistic missiles; or''.
SEC. 205. IMPOSITION OF SANCTIONS WITH RESPECT TO BALLISTIC
MISSILE PROGRAM OF IRAN.
(a) In General.--Title II of the Iran Threat Reduction and
Syria Human Rights Act of 2012 (22 U.S.C. 8721 et seq.) is
amended by adding at the end the following:
``Subtitle C--Measures Relating to Ballistic Missile Program of Iran
``SEC. 231. DEFINITIONS.
``(a) In General.--In this subtitle:
``(1) Agricultural commodity.--The term `agricultural
commodity' has the meaning given that term in section 102 of
the Agricultural Trade Act of 1978 (7 U.S.C. 5602).
``(2) Appropriate committees of congress.--The term
`appropriate committees of Congress' means--
``(A) the committees specified in section 14(2) of the Iran
Sanctions Act of 1996 (Public Law 104-172; 50 U.S.C. 1701
note); and
``(B) the congressional defense committees, as defined in
section 101 of title 10, United States Code.
``(3) Correspondent account; payable-through account.--The
terms `correspondent account' and `payable-through account'
have the meanings given those terms in section 5318A of title
31, United States Code.
``(4) Foreign financial institution.--The term `foreign
financial institution' has the meaning of that term as
determined by the Secretary of the Treasury pursuant to
section 104(i) of the Comprehensive Iran Sanctions,
Accountability, and Divestment Act of 2010 (22 U.S.C.
8513(i)).
``(5) Good.--The term `good' has the meaning given that
term in section 16 of the Export Administration Act of 1979
(50 U.S.C. 4618) (as continued in effect pursuant to the
International Emergency Economic Powers Act (50 U.S.C. 1701
et seq.)).
[[Page S3370]]
``(6) Government.--The term `Government', with respect to a
foreign country, includes any agencies or instrumentalities
of that Government and any entities controlled by that
Government.
``(7) Medical device.--The term `medical device' has the
meaning given the term `device' in section 201 of the Federal
Food, Drug, and Cosmetic Act (21 U.S.C. 321).
``(8) Medicine.--The term `medicine' has the meaning given
the term `drug' in section 201 of the Federal Food, Drug, and
Cosmetic Act (21 U.S.C. 321).
``(b) Determinations of Significance.--For purposes of this
subtitle, in determining if financial transactions or
financial services are significant, the President may
consider the totality of the facts and circumstances,
including factors similar to the factors set forth in section
561.404 of title 31, Code of Federal Regulations (or any
corresponding similar regulation or ruling).
``SEC. 232. IMPOSITION OF SANCTIONS WITH RESPECT TO PERSONS
THAT SUPPORT THE BALLISTIC MISSILE PROGRAM OF
IRAN.
``(a) Identification of Persons.--
``(1) In general.--Not later than 120 days after the date
of the enactment of the Iran Ballistic Missile Sanctions Act,
and not less frequently than once every 180 days thereafter,
the President shall, in coordination with the Secretary of
Defense, the Director of National Intelligence, the Secretary
of the Treasury, and the Secretary of State, submit to the
appropriate committees of Congress a report identifying
persons that have knowingly aided the Government of Iran in
the development of the ballistic missile program of Iran.
``(2) Elements.--Each report required by paragraph (1)
shall include the following:
``(A) An identification of persons (disaggregated by
Iranian and non-Iranian persons) that have knowingly aided
the Government of Iran in the development of the ballistic
missile program of Iran, including persons that have--
``(i) knowingly engaged in the direct or indirect provision
of material support to such program;
``(ii) knowingly facilitated, supported, or engaged in
activities to further the development of such program;
``(iii) knowingly transmitted information relating to
ballistic missiles to the Government of Iran; or
``(iv) otherwise knowingly aided such program.
``(B) A description of the character and significance of
the cooperation of each person identified under subparagraph
(A) with the Government of Iran with respect to such program.
``(C) An assessment of the cooperation of the Government of
the Democratic People's Republic of Korea with the Government
of Iran with respect to such program.
``(3) Classified annex.--Each report required by paragraph
(1) shall be submitted in unclassified form, but may contain
a classified annex.
``(b) Blocking of Property.--
``(1) In general.--Not later than 15 days after submitting
a report required by subsection (a)(1), the President shall,
in accordance with the International Emergency Economic
Powers Act (50 U.S.C. 1701 et seq.), block and prohibit all
transactions in all property and interests in property of any
person specified in such report if such property and
interests in property are in the United States, come within
the United States, or are or come within the possession or
control of a United States person.
``(2) Inapplicability of national emergency requirement.--
The requirements under section 202 of the International
Emergency Economic Powers Act (50 U.S.C. 1701) shall not
apply for purposes of this subsection.
``(c) Exclusion From United States.--
``(1) In general.--Except as provided in paragraph (2), the
Secretary of State shall deny a visa to, and the Secretary of
Homeland Security shall exclude from the United States, any
alien subject to blocking of property and interests in
property under subsection (b).
``(2) Compliance with united nations headquarters
agreement.--Paragraph (1) shall not apply to the head of
state of Iran, or necessary staff of that head of state, if
admission to the United States is necessary to permit the
United States to comply with the Agreement regarding the
Headquarters of the United Nations, signed at Lake Success
June 26, 1947, and entered into force November 21, 1947,
between the United Nations and the United States.
``(d) Facilitation of Certain Transactions.--The President
shall prohibit the opening, and prohibit or impose strict
conditions on the maintaining, in the United States of a
correspondent account or a payable-through account by a
foreign financial institution that the President determines
knowingly, on or after the date that is 180 days after the
date of the enactment of the Iran Ballistic Missile Sanctions
Act, conducts or facilitates a significant financial
transaction for a person subject to blocking of property and
interests in property under subsection (b).
``SEC. 233. BLOCKING OF PROPERTY OF PERSONS AFFILIATED WITH
CERTAIN IRANIAN ENTITIES.
``(a) Blocking of Property.--
``(1) In general.--The President shall, in accordance with
the International Emergency Economic Powers Act (50 U.S.C.
1701 et seq.), block and prohibit all transactions in all
property and interests in property of any person described in
paragraph (3) if such property and interests in property are
in the United States, come within the United States, or are
or come within the possession or control of a United States
person.
``(2) Inapplicability of national emergency requirement.--
The requirements under section 202 of the International
Emergency Economic Powers Act (50 U.S.C. 1701) shall not
apply for purposes of this subsection.
``(3) Persons described.--A person described in this
paragraph is--
``(A) an entity that is owned, directly or indirectly, by a
25 percent or greater interest--
``(i) by the Aerospace Industries Organization, the Shahid
Hemmat Industrial Group, the Shahid Bakeri Industrial Group,
or any agent or affiliate of such organization or group; or
``(ii) collectively by a group of individuals that hold an
interest in the Aerospace Industries Organization, the Shahid
Hemmat Industrial Group, the Shahid Bakeri Industrial Group,
or any agent or affiliate of such organization or group, even
if none of those individuals hold a 25 percent or greater
interest in the entity;
``(B) a person that controls, manages, or directs an entity
described in subparagraph (A); or
``(C) an individual who is on the board of directors of an
entity described in subparagraph (A).
``(b) Facilitation of Certain Transactions.--The President
shall prohibit the opening, and prohibit or impose strict
conditions on the maintaining, in the United States of a
correspondent account or a payable-through account by a
foreign financial institution that the President determines
knowingly, on or after the date that is 180 days after the
date of the enactment of the Iran Ballistic Missile Sanctions
Act, conducts or facilitates a significant financial
transaction for a person subject to blocking of property and
interests in property under subsection (a).
``(c) Iran Missile Proliferation Watch List.--
``(1) In general.--Not later than 90 days after the date of
the enactment of the Iran Ballistic Missile Sanctions Act,
and not less frequently than annually thereafter, the
Secretary of the Treasury shall submit to the appropriate
committees of Congress and publish in the Federal Register a
list of--
``(A) each entity in which the Aerospace Industries
Organization, the Shahid Hemmat Industrial Group, the Shahid
Bakeri Industrial Group, or any agent or affiliate of such
organization or group has an ownership interest of more than
0 percent and less than 25 percent;
``(B) each entity in which the Aerospace Industries
Organization, the Shahid Hemmat Industrial Group, the Shahid
Bakeri Industrial Group, or any agent or affiliate of such
organization or group does not have an ownership interest but
maintains a presence on the board of directors of the entity
or otherwise influences the actions, policies, or personnel
decisions of the entity; and
``(C) each person that controls, manages, or directs an
entity described in subparagraph (A) or (B).
``(2) Reference.--The list required by paragraph (1) may be
referred to as the `Iran Missile Proliferation Watch List'.
``(d) Comptroller General Report.--
``(1) In general.--The Comptroller General of the United
States shall--
``(A) conduct a review of each list required by subsection
(c)(1); and
``(B) not later than 60 days after each such list is
submitted to the appropriate committees of Congress under
that subsection, submit to the appropriate committees of
Congress a report on the review conducted under subparagraph
(A) that includes a list of persons not included in that list
that qualify for inclusion in that list, as determined by the
Comptroller General.
``(2) Consultations.--In preparing the report required by
paragraph (1)(B), the Comptroller General shall consult with
nongovernmental organizations.
``SEC. 234. IMPOSITION OF SANCTIONS WITH RESPECT TO CERTAIN
PERSONS INVOLVED IN BALLISTIC MISSILE
ACTIVITIES.
``(a) Certification.--Not later than 120 days after the
date of the enactment of the Iran Ballistic Missile Sanctions
Act, and not less frequently than once every 180 days
thereafter, the President shall submit to the appropriate
committees of Congress a certification that each person
listed in an annex of United Nations Security Council
Resolution 1737 (2006), 1747 (2007), or 1929 (2010) is not
directly or indirectly facilitating, supporting, or involved
with the development of or transfer to Iran of ballistic
missiles or technology, parts, components, or technology
information relating to ballistic missiles.
``(b) Blocking of Property.--
``(1) In general.--If the President is unable to make a
certification under subsection (a) with respect to a person
and the person is not currently subject to sanctions with
respect to Iran under any other provision of law, the
President shall, not later than 15 days after that
certification would have been required under that
subsection--
``(A) in accordance with the International Emergency
Economic Powers Act (50 U.S.C. 1701 et seq.), block and
prohibit all transactions in all property and interests in
property of that person if such property and interests in
property are in the United States,
[[Page S3371]]
come within the United States, or are or come within the
possession or control of a United States person; and
``(B) publish in the Federal Register a report describing
the reason why the President was unable to make a
certification with respect to that person.
``(2) Inapplicability of national emergency requirement.--
The requirements under section 202 of the International
Emergency Economic Powers Act (50 U.S.C. 1701) shall not
apply for purposes of this subsection.
``(c) Exclusion From United States.--
``(1) In general.--Except as provided in paragraph (2), the
Secretary of State shall deny a visa to, and the Secretary of
Homeland Security shall exclude from the United States, any
alien subject to blocking of property and interests in
property under subsection (b).
``(2) Compliance with united nations headquarters
agreement.--Paragraph (1) shall not apply to the head of
state of Iran, or necessary staff of that head of state, if
admission to the United States is necessary to permit the
United States to comply with the Agreement regarding the
Headquarters of the United Nations, signed at Lake Success
June 26, 1947, and entered into force November 21, 1947,
between the United Nations and the United States.
``(d) Facilitation of Certain Transactions.--The President
shall prohibit the opening, and prohibit or impose strict
conditions on the maintaining, in the United States of a
correspondent account or a payable-through account by a
foreign financial institution that the President determines
knowingly, on or after the date that is 180 days after the
date of the enactment of the Iran Ballistic Missile Sanctions
Act, conducts or facilitates a significant financial
transaction for a person subject to blocking of property and
interests in property under subsection (b).
``SEC. 235. IMPOSITION OF SANCTIONS WITH RESPECT TO CERTAIN
SECTORS OF IRAN THAT SUPPORT THE BALLISTIC
MISSILE PROGRAM OF IRAN.
``(a) List of Sectors.--
``(1) In general.--Not later than 120 days after the date
of the enactment of the Iran Ballistic Missile Sanctions Act,
and not less frequently than once every 180 days thereafter,
the President shall submit to the appropriate committees of
Congress and publish in the Federal Register a list of the
sectors of the economy of Iran that are directly or
indirectly facilitating, supporting, or involved with the
development of or transfer to Iran of ballistic missiles or
technology, parts, components, or technology information
relating to ballistic missiles.
``(2) Certain sectors.--
``(A) In general.--Not later than 120 days after the date
of enactment of the Iran Ballistic Missile Sanctions Act, the
President shall submit to the appropriate committees of
Congress a determination as to whether each of the
automotive, chemical, computer science, construction,
electronic, energy, metallurgy, mining, petrochemical,
research (including universities and research institutions),
and telecommunications sectors of Iran meet the criteria
specified in paragraph (1).
``(B) Inclusion in initial list.--If the President
determines under subparagraph (A) that the sectors of the
economy of Iran specified in such subparagraph meet the
criteria specified in paragraph (1), that sector shall be
included in the initial list submitted and published under
that paragraph.
``(b) Sanctions With Respect to Specified Sectors of
Iran.--
``(1) Blocking of property.--
``(A) In general.--The President shall, in accordance with
the International Emergency Economic Powers Act (50 U.S.C.
1701 et seq.), block and prohibit all transactions in all
property and interests in property of any person described in
paragraph (4) if such property and interests in property are
in the United States, come within the United States, or are
or come within the possession or control of a United States
person.
``(B) Inapplicability of national emergency requirement.--
The requirements under section 202 of the International
Emergency Economic Powers Act (50 U.S.C. 1701) shall not
apply for purposes of this paragraph.
``(2) Exclusion from united states.--
``(A) In general.--Except as provided in subparagraph (B),
the Secretary of State shall deny a visa to, and the
Secretary of Homeland Security shall exclude from the United
States, any alien that is a person described in paragraph
(4).
``(B) Compliance with united nations headquarters
agreement.--Subparagraph (A) shall not apply to the head of
state of Iran, or necessary staff of that head of state, if
admission to the United States is necessary to permit the
United States to comply with the Agreement regarding the
Headquarters of the United Nations, signed at Lake Success
June 26, 1947, and entered into force November 21, 1947,
between the United Nations and the United States.
``(3) Facilitation of certain transactions.--Except as
provided in this section, the President shall prohibit the
opening, and prohibit or impose strict conditions on the
maintaining, in the United States of a correspondent account
or a payable-through account by a foreign financial
institution that the President determines knowingly, on or
after the date that is 180 days after the date of the
enactment of the Iran Ballistic Missile Sanctions Act,
conducts or facilitates a significant financial transaction
for a person described in paragraph (4).
``(4) Persons described.--A person is described in this
paragraph if the President determines that the person, on or
after the date that is 180 days after the date of the
enactment of the Iran Ballistic Missile Sanctions Act--
``(A) operates in a sector of the economy of Iran included
in the most recent list published by the President under
subsection (a);
``(B) knowingly provides significant financial, material,
technological, or other support to, or goods or services in
support of, any activity or transaction on behalf of or for
the benefit of a person described in subparagraph (A); or
``(C) is owned or controlled by a person described in
subparagraph (A).
``(c) Humanitarian Exception.--The President may not impose
sanctions under this section with respect to any person for
conducting or facilitating a transaction for the sale of
agricultural commodities, food, medicine, or medical devices
to Iran or for the provision of humanitarian assistance to
the people of Iran.
``SEC. 236. IDENTIFICATION OF FOREIGN PERSONS THAT SUPPORT
THE BALLISTIC MISSILE PROGRAM OF IRAN IN
CERTAIN SECTORS OF IRAN.
``(a) In General.--Not later than 120 days after the date
of the enactment of the Iran Ballistic Missile Sanctions Act,
and not less frequently than annually thereafter, the
President shall submit to the appropriate committees of
Congress and publish in the Federal Register a list of all
foreign persons that have, based on credible information,
directly or indirectly facilitated, supported, or been
involved with the development of ballistic missiles or
technology, parts, components, or technology information
related to ballistic missiles in the following sectors of the
economy of Iran during the period specified in subsection
(b):
``(1) Automotive.
``(2) Chemical.
``(3) Computer Science.
``(4) Construction.
``(5) Electronic.
``(6) Energy.
``(7) Metallurgy.
``(8) Mining.
``(9) Petrochemical.
``(10) Research (including universities and research
institutions).
``(11) Telecommunications.
``(12) Any other sector of the economy of Iran identified
under section 235(a).
``(b) Period Specified.--The period specified in this
subsection is--
``(1) with respect to the first list submitted under
subsection (a), the period beginning on the date of the
enactment of the Iran Ballistic Missile Sanctions Act and
ending on the date that is 120 days after such date of
enactment; and
``(2) with respect to each subsequent list submitted under
such subsection, the one-year period preceding the submission
of the list.
``(c) Comptroller General Report.--
``(1) In general.--With respect to each list submitted
under subsection (a), not later than 120 days after the list
is submitted under that subsection, the Comptroller General
of the United States shall submit to the appropriate
committees of Congress--
``(A) an assessment of the processes followed by the
President in preparing the list;
``(B) an assessment of the foreign persons included in the
list; and
``(C) a list of persons not included in the list that
qualify for inclusion in the list, as determined by the
Comptroller General.
``(2) Consultations.--In preparing the report required by
paragraph (1), the Comptroller General shall consult with
nongovernmental organizations.
``(d) Credible Information Defined.--In this section, the
term `credible information' has the meaning given that term
in section 14 of the Iran Sanctions Act of 1996 (Public Law
104-172; 50 U.S.C. 1701 note).''.
(b) Clerical Amendment.--The table of contents for the Iran
Threat Reduction and Syria Human Rights Act of 2012 is
amended by inserting after the item relating to section 224
the following:
``Subtitle C--Measures Relating to Ballistic Missile Program of Iran
``Sec. 231. Definitions.
``Sec. 232. Imposition of sanctions with respect to persons that
support the ballistic missile program of Iran.
``Sec. 233. Blocking of property of persons affiliated with certain
Iranian entities.
``Sec. 234. Imposition of sanctions with respect to certain persons
involved in ballistic missile activities.
``Sec. 235. Imposition of sanctions with respect to certain sectors of
Iran that support the ballistic missile program of Iran.
``Sec. 236. Identification of foreign persons that support the
ballistic missile program of Iran in certain sectors of
Iran.''.
SEC. 206. EXPANSION OF MANDATORY SANCTIONS WITH RESPECT TO
FINANCIAL INSTITUTIONS THAT ENGAGE IN CERTAIN
TRANSACTIONS RELATING TO BALLISTIC MISSILE
CAPABILITIES OF IRAN.
Section 104 of the Comprehensive Iran Sanctions,
Accountability, and Divestment Act of 2010 (22 U.S.C. 8513)
is amended--
(1) in subsection (c)(2)--
(A) in subparagraph (A)--
(i) in clause (i), by striking ``; or'' and inserting a
semicolon;
[[Page S3372]]
(ii) by redesignating clause (ii) as clause (iii); and
(iii) by inserting after clause (i) the following:
``(ii) to acquire or develop ballistic missiles and
capabilities and launch technology relating to ballistic
missiles; or''; and
(B) in subparagraph (E)(ii)--
(i) in subclause (I), by striking ``; or'' and inserting a
semicolon;
(ii) by redesignating subclause (II) as subclause (III);
and
(iii) by inserting after subclause (I) the following:
``(II) Iran's development of ballistic missiles and
capabilities and launch technology relating to ballistic
missiles; or''; and
(2) in subsection (f)--
(A) by redesignating paragraphs (1) and (2) as
subparagraphs (A) and (B), respectively, and moving those
subparagraphs, as so redesignated, two ems to the right;
(B) by striking ``Waiver.--The'' and inserting ``Waiver.--
``(1) In general.--Except as provided in paragraph (2),
the''; and
(C) by adding at the end the following:
``(2) Exception.--The Secretary of the Treasury may not
waive under paragraph (1) the application of a prohibition or
condition imposed with respect to an activity described in
subparagraph (A)(ii) or (E)(ii)(II) of subsection (c)(2).''.
SEC. 207. DISCLOSURE TO THE SECURITIES AND EXCHANGE
COMMISSION OF ACTIVITIES WITH CERTAIN SECTORS
OF IRAN THAT SUPPORT THE BALLISTIC MISSILE
PROGRAM OF IRAN.
(a) In General.--Section 13(r)(1) of the Securities
Exchange Act of 1934 (15 U.S.C. 78m(r)(1)) is amended--
(1) in subparagraph (C), by striking ``; or'' and inserting
a semicolon;
(2) by redesignating subparagraph (D) as subparagraph (E);
and
(3) by inserting after subparagraph (C) the following:
``(D) knowingly engaged in any activity for which sanctions
may be imposed under section 235 of the Iran Threat Reduction
and Syria Human Rights Act of 2012; or''.
(b) Investigations.--Section 13(r)(5)(A) of the Securities
Exchange Act of 1934 is amended by striking ``an Executive
order specified in clause (i) or (ii) of paragraph (1)(D)''
and inserting ``section 235 of the Iran Threat Reduction and
Syria Human Rights Act of 2012, an Executive order specified
in clause (i) or (ii) of paragraph (1)(E)''.
(c) Conforming Amendment.--Section 13(r)(5) of the
Securities Exchange Act of 1934 is amended, in the matter
preceding subparagraph (A), by striking ``subparagraph
(D)(iii)'' and inserting ``subparagraph (E)(iii)''.
(d) Effective Date.--The amendments made by this section
shall take effect with respect to reports required to be
filed with the Securities and Exchange Commission after the
date that is 180 days after the date of the enactment of this
Act.
SEC. 208. REGULATIONS.
Not later than 90 days after the date of the enactment of
this Act, the President shall prescribe regulations to carry
out this title and the amendments made by this title.
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