[Congressional Record Volume 165, Number 76 (Wednesday, May 8, 2019)]
[Senate]
[Page S2741]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 REPORT RELATIVE TO THE ISSUANCE OF AN EXECUTIVE ORDER WITH RESPECT TO 
IRAN THAT TAKES ADDITIONAL STEPS WITH RESPECT TO THE NATIONAL EMERGENCY 
       DECLARED IN EXECUTIVE ORDER 12957 OF MARCH 15, 1995--PM 15

  The PRESIDING OFFICER laid before the Senate the following message 
from the President of the United States, together with an accompanying 
report; which was referred to the Committee on Banking, Housing, and 
Urban Affairs:

To the Congress of the United States:
  Pursuant to the International Emergency Economic Powers Act (50 
U.S.C. 1701 et seq.) (IEEPA), I hereby report that I haveissued an 
Executive Order (the ``order'') with respect to Iran that takes 
additional steps with respect to the national emergency declared in 
Executive Order 12957 of March 15, 1995, and to supplement the 
authorities provided in the Iran Freedom and Counter-Proliferation Act 
of 2012 (subtitle D of title XII of Public Law 112-239).
  The order takes steps to deny Iran revenue, including revenue derived 
from the export of products from Iran's iron, steel, aluminum, and 
copper sectors, that may be used to provide funding and support for the 
proliferation of weapons of mass destruction, terrorist groups and 
networks, campaigns of regional aggression, and military expansion.
  The order blocks the property and interests in property of persons 
determined by the Secretary of the Treasury, in consultation with the 
Secretary of State:
   to be operating in the iron, steel, aluminum, or copper 
sector of Iran, or to be a person that owns, controls, or operates an 
entity that is part of the iron, steel, aluminum, or copper sector of 
Iran;
   to have knowingly engaged, on or after the date of the 
order, in a significant transaction for the sale, supply, or transfer 
to Iran of significant goods or services used in connection with the 
iron, steel, aluminum, or copper sectors of Iran;
   to have knowingly engaged, on or after the date of the 
order, in a significant transaction for the purchase, acquisition, 
sale, transport, or marketing of iron, iron products, aluminum, 
aluminum products, steel, steel products, copper, or copper products 
from Iran;
   to have materially assisted, sponsored, or provided 
financial, material, or technological support for, or goods or services 
in support of, any person whose property and interests in property are 
blocked pursuant to the order; or
   to be owned or controlled by, or to have acted or purported 
to act for or on behalf of, directly or indirectly, any person whose 
property and interests in property are blocked pursuant to the order.
  The order also authorizes the Secretary of the Treasury, in 
consultation with the Secretary of State, to impose correspondent and 
payable-through account-related sanctions on a foreign financial 
institution upon determining the foreign financial institution has, on 
or after the date of the order, knowingly conducted or facilitated a 
significant financial transaction:
   for the sale, supply, or transfer to Iran of significant 
goods or services used in connection with the iron, steel, aluminum, or 
copper sectors of Iran;
   for the purchase, acquisition, sale, transport, or marketing 
of iron, iron products, aluminum, aluminum products, steel, steel 
products, copper, or copper products from Iran; or
   for or on behalf of any persons whose property and interests 
in property are blocked pursuant to the order.
  I have delegated to the Secretary of the Treasury, in consultation 
with the Secretary of State, the authority to take such actions, 
including adopting rules and regulations, to employ all powers granted 
to the President by IEEPA as may be necessary to implement the order.
  I am enclosing a copy of the order I have issued.
                                                     Donald J. Trump.  
The White House, May 8, 2019.

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