[Congressional Record Volume 166, Number 7 (Monday, January 13, 2020)]
[Senate]
[Page S160]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          PRESIDENTIAL MESSAGE

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 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, RECEIVED DURING 
          ADJOURNMENT OF THE SENATE ON JANUARY 10, 2020--PM 41

  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 have issued 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.
  The order takes steps to deny Iran revenue, including revenue derived 
from the export of products from key sectors of Iran's economy, that 
may be used to fund and support its nuclear program, missile 
development, terrorism and terrorist proxy networks, and malign 
regional influence.
  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 operate in the construction, mining, manufacturing, or 
textiles sectors of the Iranian economy, or any other sector of the 
Iranian economy as may be determined by the Secretary of the Treasury, 
in consultation with the Secretary of State;
   to have knowingly engaged, on or after the date of the 
order, in a significant transaction for the sale, supply, or transfer 
to or from Iran of significant goods or services used in connection 
with a sector of the Iranian economy specified in, or determined by the 
Secretary of the Treasury, in consultation with the Secretary of State, 
pursuant to, section 1(a)(i) of the order;
   to have materially assisted, sponsored, or provided 
financial, material, or technological support for, or goods or services 
to or in support of, any person whose property and interests in 
property are blocked pursuant to 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 
account 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 or from Iran of 
significant goods or services used in connection with a sector of the 
Iranian economy specified in, or determined by the Secretary of the 
Treasury, in consultation with the Secretary of State, pursuant to, 
section 1(a)(i) of the order; or
   for or on behalf of any person whose property and interests 
in property are blocked pursuant to section 1 of 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, January 10, 2020.

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