USC Subchapter I

USC Subchapter I
in effect

22 U.S.C. § 8511 Definitions

In this subchapter: (1) Agricultural commodityThe term “agricultural commodity” has the meaning given that term in section 5602 of title 7. (2) Appropriate congressional committeesThe term “appropriate congressional committees” 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. (3) Executive agencyThe term “executive agency” has the meaning given that term in section 133 of title 41. (4) Family memberThe term “family member” means, with respect to an individual, a spouse, child, parent, sibling, grandchild, or grandparent of the individual. (5) Iranian diplomats and representatives of other government and military or quasi-governmental institutions of IranThe term “Iranian diplomat or representative of another government or military or quasi-governmental institution of Iran” 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)). (6) KnowinglyThe term “knowingly”, 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. (7) Medical deviceThe term “medical device” has the meaning given the term “device” in section 321 of title 21. (8) MedicineThe term “medicine” has the meaning given the term “drug” in section 321 of title 21. (9) StateThe term “State” 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. (10) United States personThe term “United States person” means—(A) a natural person who is a citizen or resident of the United States or a national of the United States (as defined in section 1101(a) of title 8; 11 So in original. Probably should be “title 8);”. and (B) an entity that is organized under the laws of the United States or any State.

22 U.S.C. § 8512 Economic sanctions relating to Iran

(a) In generalNotwithstanding 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 July 1, 2010, the economic sanctions described in subsection (b) shall apply with respect to Iran. (b) SanctionsThe sanctions described in this subsection are the following:(1) Prohibition on imports(A) In generalExcept as provided in subparagraph (B), no good or service of Iranian origin may be imported directly or indirectly into the United States. (B) ExceptionsThe 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. (2) Prohibition on exports(A) In generalExcept 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. (B) Exceptions(i) Personal communications; articles to relieve human suffering; information and informational materials; transactions incident to travelThe 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. (ii) Food; medicine; humanitarian assistanceThe prohibition in subparagraph (A) shall not apply to the exportation of—(I) agricultural commodities, food, medicine, or medical devices; or (II) articles exported to Iran to provide humanitarian assistance to the people of Iran. (iii) Internet communicationsThe prohibition in subparagraph (A) shall not apply to the exportation of—(I) 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); (II) hardware necessary to enable such services; or (III) hardware, software, or technology necessary for access to the Internet. (iv) Goods, services, or technologies necessary to ensure the safe operation of commercial aircraftThe 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. (v) Goods, services, or technologies exported to support international organizationsThe prohibition in subparagraph (A) shall not apply to the exportation of goods, services, or technologies that—(I) are provided to the International Atomic Energy Agency and are necessary to support activities of that Agency in Iran; or (II) are necessary to support activities, including the activities of nongovernmental organizations, relating to promoting democracy in Iran. (vi) Exports in the national interestThe 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. (3) Freezing assets(A) In generalAt 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—(i) the funds and other assets belonging to that person; and (ii) 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. (B) Reports to the Office of Foreign Assets ControlThe 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. (C) Reports to CongressNot 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. (D) TerminationThe 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.). (E) United States financial institution definedIn this paragraph, the term “United States financial institution” 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. (c) PenaltiesThe 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. (d) Regulatory authority(1) In generalThe President shall prescribe regulations to carry out this section, which may include regulatory exceptions to the sanctions described in subsection (b). (2) Applicability of certain regulationsNo 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 July 1, 2010), unless the President—(A) prescribes a regulation providing for such an exception on or after July 1, 2010; and (B) submits to the appropriate congressional committees—(i) a certification in writing that the exception is in the national interest of the United States; and (ii) a report describing the reasons for the exception.

22 U.S.C. § 8513 Mandatory sanctions with respect to financial institutions that engage in certain transactions

(a) FindingsCongress makes the following findings:(1) 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. (2) 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. (3) In 2008 the Financial Action Task Force extended its mandate to include addressing “new and emerging threats such as proliferation financing”, meaning the financing of the proliferation of weapons of mass destruction, and published “guidance papers” 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. (4) The Financial Action Task Force has repeatedly called on members—(A) to advise financial institutions in their jurisdictions to give special attention to business relationships and transactions with Iran, including Iranian companies and financial institutions; (B) to apply effective countermeasures to protect their financial sectors from risks relating to money laundering and financing of terrorism that emanate from Iran; (C) 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 (D) 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. (5) At a February 2010 meeting of the Financial Action Task Force, the Task Force called on members to apply countermeasures “to protect the international financial system from the ongoing and substantial money laundering and terrorist financing (ML/TF) risks” emanating from Iran. (b) Sense of Congress regarding the imposition of sanctions on the Central Bank of IranCongress—(1) 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 (2) 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. (c) Prohibitions and conditions with respect to certain accounts held by foreign financial institutions(1) In generalNot later than 90 days after July 1, 2010, 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). (2) Activities describedA foreign financial institution engages in an activity described in this paragraph if the foreign financial institution—(A) facilitates the efforts of the Government of Iran (including efforts of Iran’s Revolutionary Guard Corps or any of its agents or affiliates)—(i) to acquire or develop weapons of mass destruction or delivery systems for weapons of mass destruction; or (ii) to provide support for organizations designated as foreign terrorist organizations under section 1189(a) of title 8 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)); (B) facilitates the activities of—(i) 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 (ii) a person acting on behalf of or at the direction of, or owned or controlled by, a person described in clause (i); (C) engages in money laundering to carry out an activity described in subparagraph (A) or (B); (D) 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 (E) facilitates a significant transaction or transactions or provides significant financial services for—(i) 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 (ii) a person whose property or interests in property are blocked pursuant to that Act in connection with—(I) Iran’s proliferation of weapons of mass destruction or delivery systems for weapons of mass destruction; or (II) Iran’s support for international terrorism. (3) PenaltiesThe 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. (4) Determinations regarding NIOC and NITC(A) DeterminationsFor purposes of paragraph (2)(E), the Secretary of the Treasury shall, not later than 45 days after August 10, 2012—(i) determine whether the NIOC or the NITC is an agent or affiliate of Iran’s Revolutionary Guard Corps; and (ii) submit to the appropriate congressional committees a report on the determinations made under clause (i), together with the reasons for those determinations. (B) Form of reportA report submitted under subparagraph (A)(ii) shall be submitted in unclassified form but may contain a classified annex. (C) Applicability with respect to petroleum transactions(i) Application of sanctionsExcept 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 8513a(d)(4)(B) of this title 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. (ii) Exception for certain countriesIf 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 8513a(d) of this title applies to the country with primary jurisdiction over the foreign financial institution at the time of the transaction or the provision of the service. (iii) Rule of constructionThe 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. (D) DefinitionsIn this paragraph:(i) NIOCThe term “NIOC” means the National Iranian Oil Company. (ii) NITCThe term “NITC” means the National Iranian Tanker Company. (d) Penalties for domestic financial institutions for actions of persons owned or controlled by such financial institutions(1) In generalNot later than 90 days after July 1, 2010, 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.). (2) PenaltiesThe 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—(A) 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 (B) 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. (e) Requirements for financial institutions maintaining accounts for foreign financial institutions(1) In generalThe 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:(A) Perform an audit of activities described in subsection (c)(2) that may be carried out by the foreign financial institution. (B) Report to the Department of the Treasury with respect to transactions or other financial services provided with respect to any such activity. (C) 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. (D) Establish due diligence policies, procedures, and controls, such as the due diligence policies, procedures, and controls described in section 5318(i) of title 31, reasonably designed to detect whether the Secretary of the Treasury has found the foreign financial institution to knowingly engage in any such activity. (2) PenaltiesThe penalties provided for in sections 5321(a) and 5322 of title 31 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. (f) WaiverThe 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 8513b of this title 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—(1) determines that such a waiver is necessary to the national interest of the United States; and (2) submits to the appropriate congressional committees a report describing the reasons for the determination. (g) Procedures for judicial review of classified information(1) In generalIf a finding under paragraph (1) or (4) of subsection (c) or section 8513b of this title, 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. (2) Rule of constructionNothing 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 8513b of this title, any prohibition, condition, or penalty imposed as a result of any such finding, or any penalty imposed under subsection (d). (h) Consultations in implementation of regulationsIn implementing this section and the regulations prescribed under this section, the Secretary of the Treasury—(1) shall consult with the Secretary of State; and (2) 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. (i) Definitions(1) In generalIn this section:(A) Account; correspondent account; payable-through accountThe terms “account”, “correspondent account”, and “payable-through account” have the meanings given those terms in section 5318A of title 31. (B) AgentThe term “agent” 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. (C) Financial institutionThe term “financial institution” 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. (D) Foreign financial institution; domestic financial institutionThe terms “foreign financial institution” and “domestic financial institution” shall have the meanings of those terms as determined by the Secretary of the Treasury. (E) Money launderingThe term “money laundering” 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. (2) Other definitionsThe Secretary of the Treasury may further define the terms used in this section in the regulations prescribed under this section.

22 U.S.C. § 8513a Imposition of sanctions with respect to the financial sector of Iran

(a) FindingsCongress makes the following findings:(1) On November 21, 2011, the Secretary of the Treasury issued a finding under section 5318A of title 31 that identified Iran as a jurisdiction of primary money laundering concern. (2) In that finding, the Financial Crimes Enforcement Network of the Department of the Treasury wrote, “The Central Bank of Iran, which regulates Iranian banks, has assisted designated Iranian banks by transferring billions of dollars to these banks in 2011. In mid-2011, the CBI transferred several billion dollars to designated banks, including Saderat, Mellat, EDBI and Melli, through a variety of payment schemes. In making these transfers, the CBI attempted to evade sanctions by minimizing the direct involvement of large international banks with both CBI and designated Iranian banks.”. (3) On November 22, 2011, the Under Secretary of the Treasury for Terrorism and Financial Intelligence, David Cohen, wrote, “Treasury is calling out the entire Iranian banking sector, including the Central Bank of Iran, as posing terrorist financing, proliferation financing, and money laundering risks for the global financial system.”. (b) Designation of financial sector of Iran as of primary money laundering concernThe financial sector of Iran, including the Central Bank of Iran, is designated as a primary money laundering concern for purposes of section 5318A of title 31 because of the threat to government and financial institutions resulting from the illicit activities of the Government of Iran, including its pursuit of nuclear weapons, support for international terrorism, and efforts to deceive responsible financial institutions and evade sanctions. (c) Freezing of assets of Iranian financial institutionsThe President shall, pursuant to 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 an Iranian financial institution 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. (d) Imposition of sanctions with respect to the Central Bank of Iran and other Iranian financial institutions(1) In generalExcept as specifically provided in this subsection, beginning on the date that is 60 days after December 31, 2011, the President—(A) 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 has knowingly conducted or facilitated any significant financial transaction with the Central Bank of Iran or another Iranian financial institution designated by the Secretary of the Treasury for the imposition of sanctions pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.); and (B) may impose sanctions pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) with respect to the Central Bank of Iran. (2) Exception for sales of agricultural commodities, food, medicine, and medical devicesThe President may not impose sanctions under paragraph (1) with respect to any person for conducting or facilitating a transaction for the sale of agricultural commodities, food, medicine, or medical devices to Iran. (3) Applicability of sanctions with respect to foreign central banksExcept as provided in paragraph (4), sanctions imposed under paragraph (1)(A) shall apply with respect to a central bank of a foreign country, only insofar as it engages in a financial transaction for the sale or purchase of petroleum or petroleum products to or from Iran conducted or facilitated on or after that date that is 180 days after December 31, 2011. (4) Applicability of sanctions with respect to petroleum transactions(A) Report requiredNot later than October 25, 2012, and the last Thursday of every other month thereafter, the Administrator of the Energy Information Administration, in consultation with the Secretary of the Treasury, the Secretary of State, and the Director of National Intelligence, shall submit to Congress a report on the availability and price of petroleum and petroleum products produced in countries other than Iran in the 2-month period preceding the submission of the report. (B) Determination requiredNot later than 90 days after December 31, 2011, and every 180 days thereafter, the President shall make a determination, based on the reports required by subparagraph (A), of whether the price and supply of petroleum and petroleum products produced in countries other than Iran is sufficient to permit purchasers of petroleum and petroleum products from Iran to reduce significantly in volume their purchases from Iran. (C) Application of sanctionsExcept as provided in subparagraph (D), sanctions imposed under paragraph (1)(A) shall apply with respect to a financial transaction conducted or facilitated by a foreign financial institution on or after the date that is 180 days after December 31, 2011, for the purchase of petroleum or petroleum products from Iran if the President determines pursuant to subparagraph (B) that there is a sufficient supply of petroleum and petroleum products from countries other than Iran to permit a significant reduction in the volume of petroleum and petroleum products purchased from Iran by or through foreign financial institutions. (D) Exception(i) In generalSanctions imposed pursuant to paragraph (1) shall not apply with respect to a financial transaction described in clause (ii) conducted or facilitated by a foreign financial institution if the President determines and reports to Congress, not later than 90 days after the date on which the President makes the determination required by subparagraph (B), and every 180 days thereafter, that the country with primary jurisdiction over the foreign financial institution—(I) has significantly reduced reduced 11 So in original. its volume of crude oil purchases from Iran during the period beginning on the date on which the President submitted the last report with respect to the country under this subparagraph; or (II) in the case of a country that has previously received an exception under this subparagraph, has, after receiving the exception, reduced its crude oil purchases from Iran to zero. (ii) Financial transactions describedA financial transaction conducted or facilitated by a foreign financial institution is described in this clause if—(I) the financial transaction is only for trade in goods or services between the country with primary jurisdiction over the foreign financial institution and Iran; and (II) any funds owed to Iran as a result of such trade are credited to an account located in the country with primary jurisdiction over the foreign financial institution. (5) Applicability of sanctions with respect to Chinese financial institutions(A) In generalFor the purpose of paragraph (1)(A), a “significant financial transaction” shall include, based on relevant facts and circumstances, any transaction—(i) by a Chinese financial institution (without regard to the size, number, frequency, or nature of the transaction) involving the purchase of petroleum or petroleum products from Iran; and (ii) by a foreign financial institution (without regard to the size, number, frequency, or nature of the transaction) involving the purchase of Iranian unmanned aerial vehicles (UAVs), UAV parts, or related systems. (B) Determination requiredNot later than 180 days after April 24, 2024, and every year thereafter for 5 years, the President shall—(i) determine whether any—(I) Chinese financial institution has engaged in a significant financial transaction as described in paragraph (1)(A)(i); and (II) financial institution has engaged in a significant financial transaction as described in paragraph (1)(A)(ii); and (ii) transmit the determination under clause (i) to the Committee on Foreign Affairs and the Committee on Financial Services of the House of Representatives and to the Committee on Foreign Relations and the Committee on Banking, Housing, and Urban Affairs of the Senate. (6) WaiverThe President may waive the imposition of sanctions under paragraph (1) for a period of not more than 120 days, and may renew that waiver for additional periods of not more than 120 days, if the President—(A) determines that such a waiver is in the national security interest of the United States; and (B) submits to Congress a report—(i) providing a justification for the waiver; (ii) certifying that the country with primary jurisdiction over the foreign financial institution otherwise subject to the sanctions faced exceptional circumstances that prevented the country from being able to reduce significantly its purchases of petroleum and petroleum products from Iran; and (iii) that includes any concrete cooperation the President has received or expects to receive as a result of the waiver. (e) Multilateral diplomacy initiative(1) In generalThe President shall—(A) carry out an initiative of multilateral diplomacy to persuade countries purchasing oil from Iran—(i) to limit the use by Iran of revenue from purchases of oil to purchases of non-luxury consumers goods from the country purchasing the oil; and (ii) to prohibit purchases by Iran of—(I) military or dual-use technology, including items—(aa) in the Annex to the Missile Technology Control Regime Guidelines; (bb) in the Annex on Chemicals to the Convention on the Prohibition of the Development, Production, Stockpiling and Use of Chemical Weapons and on their Destruction, done at Paris January 13, 1993, and entered into force April 29, 1997 (commonly known as the “Chemical Weapons Convention”); (cc) in Part 1 or 2 of the Nuclear Suppliers Group Guidelines; or (dd) on a control list of the Wassenaar Arrangement on Export Controls for Conventional Arms and Dual-Use Goods and Technologies; or (II) any other item that could contribute to Iran’s conventional, nuclear, chemical, or biological weapons program; and (B) conduct outreach to petroleum-producing countries to encourage those countries to increase their output of crude oil to ensure there is a sufficient supply of crude oil from countries other than Iran and to minimize any impact on the price of oil resulting from the imposition of sanctions under this section. (2) Report requiredNot later than 180 days after December 31, 2011, and every 180 days thereafter, the President shall submit to Congress a report on the efforts of the President to carry out the initiative described in paragraph (1)(A) and conduct the outreach described in paragraph (1)(B) and the results of those efforts. (f) Form of reportsEach report submitted under this section shall be submitted in unclassified form, but may contain a classified annex. (g) Implementation; penalties(1) ImplementationThe President may exercise all authorities provided under sections 203 and 205 of the International Emergency Economic Powers Act (50 U.S.C. 1702 and 1704) to carry out this section. (2) PenaltiesThe 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. (h) DefinitionsIn this section:(1) Account; correspondent account; payable-through accountThe terms “account”, “correspondent account”, and “payable-through account” have the meanings given those terms in section 5318A of title 31. (2) Foreign financial institutionThe term “foreign financial institution” has the meaning of that term as determined by the Secretary of the Treasury pursuant to section 8513(i) of this title. (3) Significant reductionsThe terms “reduce significantly”, “significant reduction”, and “significantly reduced”, with respect to purchases from Iran of petroleum and petroleum products, include a reduction in such purchases in terms of price or volume toward a complete cessation of such purchases. (4) United States personThe term “United States person” means—(A) a natural person who is a citizen or resident of the United States or a national of the United States (as defined in section 1101(a) of title 8); and (B) an entity that is organized under the laws of the United States or a jurisdiction within the United States. (i) TerminationThe provisions of this section shall terminate on the date that is 30 days after the date on which the President submits to Congress the certification described in section 8551(a) of this title.

22 U.S.C. § 8513b Expansion of, and reports on, mandatory sanctions with respect to financial institutions that engage in certain activities

(a) In generalNot later than 90 days after August 10, 2012, the Secretary of the Treasury shall revise the regulations prescribed under section 8513(c)(1) of this title 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 8513(c)(2) of this title. (b) Foreign financial institutions describedA foreign financial institution described in this subsection is a foreign financial institution, including an Iranian financial institution, that the Secretary of the Treasury finds—(1) knowingly facilitates, or participates or assists in, an activity described in section 8513(c)(2) of this title, 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; (2) attempts or conspires to facilitate or participate in such an activity; or (3) is owned or controlled by a foreign financial institution that the Secretary finds knowingly engages in such an activity. (c) Reports required(1) In generalNot later than 180 days after August 10, 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—(A) the effect of the regulations prescribed under section 8513(c)(1) of this title on the financial system and economy of Iran and capital flows to and from Iran; and (B) the ways in which funds move into and out of financial institutions described in section 8513(c)(2)(E)(ii) of this title, 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. (2) Form of reportEach report submitted under paragraph (1) shall be submitted in unclassified form but may contain a classified annex. (d) DefinitionsIn this section:(1) Financial institutionThe term “financial institution” 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. (2) Foreign financial institutionThe term “foreign financial institution” has the meaning of that term as determined by the Secretary of the Treasury pursuant to section 8513(i) of this title. (3) Iranian financial institutionThe term “Iranian financial institution” means—(A) a financial institution organized under the laws of Iran or any jurisdiction within Iran, including a foreign branch of such an institution; (B) a financial institution located in Iran; (C) a financial institution, wherever located, owned or controlled by the Government of Iran; and (D) a financial institution, wherever located, owned or controlled by a financial institution described in subparagraph (A), (B), or (C).

22 U.S.C. § 8514 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

(a) In generalThe President shall impose sanctions described in subsection (c) with respect to each person on the list required by subsection (b). (b) List of persons who are responsible for or complicit in certain human rights abuses(1) In generalNot later than 90 days after July 1, 2010, 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. (2) Updates of listThe President shall submit to the appropriate congressional committees an updated list under paragraph (1)—(A) not later than 270 days after July 1, 2010, and every 180 days thereafter; and (B) as new information becomes available. (3) Form of report; public availability(A) FormThe list required by paragraph (1) shall be submitted in unclassified form but may contain a classified annex. (B) Public availabilityThe 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. (4) Consideration of data from other countries and nongovernmental organizationsIn 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. (c) Sanctions describedThe 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. (d) Termination of sanctionsThe 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—(1) unconditionally released all political prisoners, including the citizens of Iran detained in the aftermath of the June 12, 2009, presidential election in Iran; (2) ceased its practices of violence, unlawful detention, torture, and abuse of citizens of Iran while engaging in peaceful political activity; (3) 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 (4) made public commitments to, and is making demonstrable progress toward—(A) establishing an independent judiciary; and (B) respecting the human rights and basic freedoms recognized in the Universal Declaration of Human Rights.

22 U.S.C. § 8514a 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

(a) In generalThe President shall impose sanctions in accordance with subsection (c) with respect to each person on the list required by subsection (b). (b) List(1) In generalNot later than 90 days after August 10, 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 August 10, 2012. (2) Activity described(A) In generalA person engages in an activity described in this paragraph if the person—(i) 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 (ii) 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. (B) Applicability to contracts and other agreementsA 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 August 10, 2012. (C) Goods or technologies describedGoods 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—(i) firearms or ammunition (as those terms are defined in section 921 of title 18), rubber bullets, police batons, pepper or chemical sprays, stun grenades, electroshock weapons, tear gas, water cannons, or surveillance technology; or (ii) sensitive technology (as defined in section 8515(c) of this title). (3) Special rule to allow for termination of sanctionable activityThe 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—(A) 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 (B) the President has received reliable assurances that the person will not knowingly engage in any activity described in paragraph (2) in the future. (4) Updates of listThe President shall submit to the appropriate congressional committees an updated list under paragraph (1)—(A) each time the President is required to submit an updated list to those committees under section 8514(b)(2)(A) of this title; and (B) as new information becomes available. (5) Form of report; public availability(A) FormThe list required by paragraph (1) shall be submitted in unclassified form but may contain a classified annex. (B) Public availabilityThe 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. (c) Application of sanctions(1) In generalSubject to paragraph (2), the President shall impose sanctions described in section 8514(c) of this title with respect to a person on the list required by subsection (b). (2) Transfers to Iran’s Revolutionary Guard CorpsIn 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—(A) impose sanctions described in section 8514(c) of this title with respect to the person; and (B) 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.

22 U.S.C. § 8514b Imposition of sanctions with respect to persons who engage in censorship or other related activities against citizens of Iran

(a) In generalThe President shall impose sanctions described in section 8514(c) of this title with respect to each person on the list required by subsection (b). (b) List of persons who engage in censorship(1) In generalNot later than 90 days after August 10, 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—(A) prohibit, limit, or penalize the exercise of freedom of expression or assembly by citizens of Iran; or (B) 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. (2) Updates of listThe President shall submit to the appropriate congressional committees an updated list under paragraph (1)—(A) each time the President is required to submit an updated list to those committees under section 8514(b)(2)(A) of this title; and (B) as new information becomes available. (3) Form of report; public availability(A) FormThe list required by paragraph (1) shall be submitted in unclassified form but may contain a classified annex. (B) Public availabilityThe 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.

22 U.S.C. § 8514c Imposition of sanctions with respect to persons engaged in the diversion of goods intended for the people of Iran

(a) Imposition of sanctions(1) In generalThe President shall impose sanctions described in section 8514(c) of this title with respect to each person on the list required by subsection (b). (2) ExceptionThe requirement to impose sanctions under paragraph (1) shall not include the authority to impose sanctions on the importation of goods. (b) List of persons who engage in diversion(1) In generalAs 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 January 2, 2013, engaged in corruption or other activities relating to—(A) the diversion of goods, including agricultural commodities, food, medicine, and medical devices, intended for the people of Iran; or (B) the misappropriation of proceeds from the sale or resale of such goods. (2) Form of report; public availability(A) FormThe list required by paragraph (1) shall be submitted in unclassified form but may contain a classified annex. (B) Public availabilityThe 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. (c) Good definedIn this section, the term “good” has the meaning given that term in section 8801(a) of this title.

22 U.S.C. § 8515 Prohibition on procurement contracts with persons that export sensitive technology to Iran

(a) In generalExcept 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 July 1, 2010, for the procurement of goods or services with a person that exports sensitive technology to Iran. (b) Authorization to exempt certain productsThe President is authorized to exempt from the prohibition under subsection (a) only eligible products, as defined in section 2518(4) of title 19, of any foreign country or instrumentality designated under section 2511(b) of title 19. (c) Sensitive technology defined(1) In generalThe term “sensitive technology” means hardware, software, telecommunications equipment, or any other technology, that the President determines is to be used specifically—(A) to restrict the free flow of unbiased information in Iran; or (B) to disrupt, monitor, or otherwise restrict speech of the people of Iran. (2) ExceptionThe term “sensitive technology” 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 1702(b)(3) of title 50. (d) Government Accountability Office report on effect of procurement prohibitionNot later than 1 year after July 1, 2010, 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.

22 U.S.C. § 8516 Authority to implement United Nations Security Council resolutions imposing sanctions with respect to Iran

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.

22 U.S.C. § 8517 Increased capacity for efforts to combat unlawful or terrorist financing

(a) FindingsCongress finds the following:(1) 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. (2) 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. (3) 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 “Iranian Transactions Regulations”), thereby prohibiting transactions between United States persons and those entities. (b) Authorization of appropriations for Office of Terrorism and Financial IntelligenceThere are authorized to be appropriated to the Secretary of the Treasury for the Office of Terrorism and Financial Intelligence—(1) $102,613,000 for fiscal year 2011; and (2) such sums as may be necessary for each of the fiscal years 2012 and 2013. (c) Omitted (d) Authorization of appropriations for Bureau of Industry and Security of the Department of CommerceThere are authorized to be appropriated to the Secretary of Commerce for the Bureau of Industry and Security of the Department of Commerce—(1) $113,000,000 for fiscal year 2011; and (2) such sums as may be necessary for each of the fiscal years 2012 and 2013.

22 U.S.C. § 8518 Reports on investments in the energy sector of Iran

(a) Initial report(1) In generalNot later than 90 days after July 1, 2010, the President shall submit to the appropriate congressional committees a report—(A) on investments in the energy sector of Iran that were made during the period described in paragraph (2); and (B) that contains—(i) 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 (ii) 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 (iii) an estimate of—(I) the total value of each such joint venture, investment, and partnership; and (II) the percentage of each such joint venture, investment, and partnership owned by an Iranian entity. (2) Period describedThe period described in this paragraph is the period beginning on January 1, 2006, and ending on the date that is 60 days after July 1, 2010. (b) Updated reportsNot 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—(1) contains the matters required in the report under subsection (a)(1); and (2) identifies—(A) the volume of crude oil and refined petroleum products imported to and exported from Iran (including through swaps and similar arrangements); (B) 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; (C) the sources of financing for imports to Iran of crude oil and refined petroleum products described in subparagraph (A); and (D) the involvement of foreign persons in efforts to assist Iran in—(i) developing upstream oil and gas production capacity; (ii) importing advanced technology to upgrade existing Iranian refineries; (iii) converting existing chemical plants to petroleum refineries; or (iv) maintaining, upgrading, or expanding existing refineries or constructing new refineries.

22 U.S.C. § 8519 Reports on certain activities of foreign export credit agencies and of the Export-Import Bank of the United States

(a) Report on certain activities of export credit agencies of foreign countries(1) In generalNot later than 90 days after July 1, 2010, 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. (2) UpdatesThe 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. (b) Report on certain financing by the Export-Import Bank of the United StatesNot 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—(1) the export credit agency of the foreign country; and (2) the beneficiaries of the financing.

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