U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 

1 

19–011 2012

112th Congress, 2d Session – – – – – – – – – – – – House Document 112–128 

EXECUTIVE ORDER TAKING ADDITIONAL STEPS 

WITH RESPECT TO THE NATIONAL EMERGENCY 

DECLARED WITH RESPECT TO IRAN 

MESSAGE 

FROM

THE PRESIDENT OF THE UNITED STATES 

TRANSMITTING

NOTIFICATION OF AN EXECUTIVE ORDER THAT TAKES ADDITIONAL STEPS WITH RESPECT TO THE NATIONAL EMERGENCY 

DECLARED IN EXECUTIVE ORDER 12957 OF MARCH 15, 1995 

JULY 31, 2012.—Message and accompanying papers referred to the 

Committee on Foreign Affairs and ordered to be printed 


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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’’) that takes additional steps with 

respect to the national emergency declared in Executive Order 

12957 of March 15, 1995. 

In Executive Order 12957, the President found that the actions 

and policies of the Government of Iran threaten the national security, foreign policy, and economy of the United States. To deal with 

that threat, the President in Executive Order 12957 declared a national emergency and imposed prohibitions on certain transactions 

with respect to the development of Iranian petroleum resources. To 

further respond to that threat, Executive Order 12959 of May 6, 

1995, imposed comprehensive trade and financial sanctions on 

Iran. Executive Order 13059 of August 19, 1997, consolidated and 

clarified the previous orders. To take additional steps with respect 

to the national emergency declared in Executive Order 12957 and 

to implement section 105(a) of the Comprehensive Iran Sanctions, 

Accountability, and Divestment Act of 2010 (Public Law 111–195) 

(22 U.S.C. 8501 et seq.) (CISADA), I issued Executive Order 13553 

on September 28, 2010, to impose sanctions on officials of the Government of Iran and other persons acting on behalf of the Government of Iran determined to be responsible for or complicit in certain serious human rights abuses. To take further additional steps 

with respect to the threat posed by Iran and to provide implementing authority for a number of the sanctions set forth in the 

Iran Sanctions Act of 1996 (Public Law 104–172) (50 U.S.C. 1701 

note) (ISA), as amended by CISADA, I issued Executive Order 

13574 on May 23, 2011, to authorize the Secretary of the Treasury 

to implement certain sanctions imposed by the Secretary of State 

pursuant to ISA, as amended by CISADA. I also issued Executive 

Order 13590 on November 20, 2011, to take additional steps with 

respect to this emergency by authorizing the Secretary of State to 

impose sanctions on persons providing certain goods, services, technology, or support that contribute either to Iran’s development of 

petroleum resources or to Iran’s production of petrochemicals, and 

to authorize the Secretary of the Treasury to implement some of 

those sanctions. On February 5, 2012, in order to take further additional steps pursuant to this emergency, and to implement section 

1245(c) of the National Defense Authorization Act for Fiscal Year 

2012 (Public Law 112–81), I issued Executive Order 13599 blocking 

the property of the Government of Iran, all Iranian financial institutions, and persons determined to be owned or controlled by, or 

acting for or on behalf of, such parties. Most recently, on April 22, 

2012, and May 1, 2012, I issued Executive Orders 13606 and 

13608, respectively. Executive Orders 13606 and 13608 each take 

additional steps with respect to various emergencies, including the 


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emergency declared in Executive Order 12957 concerning Iran, to 

address the use of computer and information technology to commit 

serious human rights abuses and efforts by foreign persons to 

evade sanctions. 

The order takes additional steps with respect to the national 

emergency declared in Executive Order 12957, particularly in light 

of the Government of Iran’s use of revenues from petroleum, petroleum products, and petrochemicals for illicit purposes; Iran’s continued attempts to evade international sanctions through deceptive 

practices; and the unacceptable risk posed to the international financial system by Iran’s activities. Subject to certain exceptions 

and conditions, the order authorizes the Secretary of the Treasury 

and the Secretary of State, as set forth in the order, to impose 

sanctions on persons as described in the order, all as more fully described below. 

Section 1 of the order authorizes the Secretary of the Treasury, 

in consultation with the Secretary of State, to impose financial 

sanctions on foreign financial institutions determined to have 

knowingly conducted or facilitated certain significant financial 

transactions with the National Iranian Oil Company (NIOC) or 

Naftiran Intertrade Company (NICO), or for the purchase or acquisition of petroleum, petroleum products, or petrochemical products 

from Iran. 

Section 2 of the order authorizes the Secretary of State, in consultation with the Secretary of the Treasury, the Secretary of Commerce, and the United States Trade Representative, and with the 

President of the Export-Import Bank, the Chairman of the Board 

of Governors of the Federal Reserve System, and other agencies 

and officials as appropriate, to impose any of a number of sanctions 

on a person upon determining that the person: • knowingly engaged in a significant transaction for the purchase or acquisition of petroleum, petroleum products, or petrochemical products from Iran; • is a successor entity to a person determined to meet the 

criterion above; 

• owns or controls a person determined to meet the criterion 

above, and had knowledge that the person engaged in the activities referred to therein; or 

• is owned or controlled by, or under common ownership or 

control with, a person determined to meet the criterion above, 

and knowingly participated in the activities referred to therein. 

Sections 3 and 4 of the order provide that, for persons determined to meet any of the criteria specified in section 2 of the order, 

the heads of the relevant agencies, in consultation with the Secretary of State, shall implement the sanctions imposed by the Secretary of State. The sanctions provided for in sections 3 and 4 of 

the order include the following actions: 

• the Board of Directors of the Export-Import Bank shall 

deny approval of the issuance of any guarantee, insurance, extension of credit, or participation in an extension of credit in 

connection with the export of any goods or services to the sanctioned person; 

• agencies shall not issue any specific license or grant any 

other specific permission or authority under any statute that 


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requires the prior review and approval of the United States 

Government as a condition for the export or reexport of goods 

or technology to the sanctioned person; • for a sanctioned person that is a financial institution: the 

Chairman of the Board of Governors of the Federal Reserve 

System and the President of the Federal Reserve Bank of New 

York shall take such actions as they deem appropriate, including denying designation, or terminating the continuation of 

any prior designation of, the sanctioned person as a primary 

dealer in United States Government debt instruments; or 

agencies shall prevent the sanctioned person from serving as 

an agent of the United States Government or serving as a repository for United States Government funds; • agencies shall not procure, or enter into a contract for the 

procurement of, any goods or services from the sanctioned person; • the Secretary of the Treasury shall take actions where necessary to: » prohibit any United States financial institution from 

making loans or providing credits to the sanctioned person 

totaling more than $10,000,000 in any 12-month period 

unless such person is engaged in activities to relieve 

human suffering and the loans or credits are provided for 

such activities; » prohibit any transactions in foreign exchange that are 

subject to the jurisdiction of the United States and in 

which the sanctioned person has any interest; » prohibit any transfers of credit or payments between 

financial institutions or by, through, or to any financial institution, to the extent that such transfers or payments are 

subject to the jurisdiction of the United States and involve 

any interest of the sanctioned person; » block all property and interests in property that are 

in the United States, that come within the United States, 

or that are or come within the possession or control of any 

United States person, including any foreign branch, of the 

sanctioned person, and provide that such property and interests in property may not be transferred, paid, exported, 

withdrawn, or otherwise dealt in; or 

» restrict or prohibit imports of goods, technology, or 

services, directly or indirectly, into the United States from 

the sanctioned person. 

Section 5 of the order authorizes the Secretary of the Treasury, 

in consultation with the Secretary of State, to block all property 

and interests in property that are in the United States, that come 

within the United States, or that are or come within the possession 

or control of any United States person, including any foreign 

branch, of any person upon determining that the person has materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, NIOC, 

NICO, or the Central Bank of Iran, or the purchase or acquisition 

of U.S. bank notes or precious metals by the Government of Iran. 

I have delegated to the Secretary of the Treasury the authority, 

in consultation with the Secretary of State, to take such actions, inVerDate Mar 15 2010 05:10 Aug 01, 2012 Jkt 019011 PO 00000 Frm 00005 Fmt 6633 Sfmt 6633 E:\HR\OC\HD128.XXX HD128

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cluding the promulgation of rules and regulations, and to employ 

all powers granted to the President by IEEPA, as may be necessary 

to carry out the purposes of sections 1, 4, and 5 of the order. 

The order was effective at 12:01 a.m. eastern daylight time on 

July 31, 2012. All agencies of the United States Government are 

directed to take all appropriate measures within their authority to 

carry out the provisions of the order. 

I am enclosing a copy of the Executive Order I have issued. 

BARACK OBAMA. 

THE WHITE HOUSE, July 30, 2012. 


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EXECUTIVE ORDER

AUTHORIZING ADDITIONAL SANCTIONS WITH RESPECT TO IRAN

By the authority vested in me as President by the Constitution 

and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) 

(IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.), 

and section 301 of title 3, United States Code, 

I, BARACK OBAMA, President of the United States of America, 

in order to take additional steps with respect to the national emergency declared in Executive Order 12957 of March 15, 1995, as relied upon for additional steps in subsequent Executive Orders, particularly in light of the Government of Iran’s use of revenues from 

petroleum, petroleum products, and petrochemicals for illicit purposes, Iran’s continued attempts to evade international sanctions 

through deceptive practices, and the unacceptable risk posed to the 

international financial system by Iran’s activities, hereby order: 

Section 1. (a) The Secretary of the Treasury, in consultation with 

the Secretary of State, is hereby authorized to impose on a foreign 

financial institution the sanctions described in subsection (b) of this 

section upon determining that the foreign financial institution has 

knowingly conducted or facilitated any significant financial transaction: 

(i) with the National Iranian Oil Company (NIOC) or 

Naftiran Intertrade Company (NICO), except for a sale or provision to NIOC or NICO of the products described in section 

5(a)(3)(A)(i) of the Iran Sanctions Act of 1996 (Public Law 104– 

172), as amended, provided that the fair market value of such 

products is lower than the applicable dollar threshold specified 

in that provision; 

(ii) for the purchase or acquisition of petroleum or petroleum 

products from Iran; or 

(iii) for the purchase or acquisition of petrochemical products 

from Iran. 

(b) With respect to any foreign financial institution determined 

by the Secretary of the Treasury in accordance with this section to 

meet the criteria set forth in subsection (a)(i), (a)(ii), or (a)(iii) of 

this section, the Secretary of the Treasury may 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 such foreign financial institution. 

(c) Subsections (a)(i) and (ii) of this section shall apply with respect to a significant financial transaction conducted or facilitated 

by a foreign financial institution only if: 

(i) the President determines under subparagraphs (4)(B) and 

(C) of subsection 1245(d) of the National Defense Authorization 


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Act for Fiscal Year 2012 (Public Law 112–81) (NDAA) 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; and 

(ii) an exception under subparagraph 4(D) of subsection 

1245(d) of the NDAA from the imposition of sanctions under 

paragraph (1) of that subsection does not apply with respect to 

the country with primary jurisdiction over the foreign financial 

institution. 

(d) Subsection (a) of this section shall not apply with respect to 

any person for conducting or facilitating a transaction for the sale 

of food, medicine, or medical devices to Iran or when the underlying transaction has been authorized by the Secretary of the 

Treasury. 

(e) The prohibitions in subsection (b) of this section apply except 

to the extent provided by statutes, or in regulations, orders, directives, or licenses that may be issued pursuant to this order, and 

notwithstanding any contract entered into or any license or permit 

granted prior to the effective date of this order. 

Sec. 2. (a) The Secretary of State, in consultation with the Secretary of the Treasury, the Secretary of Commerce, and the United 

States Trade Representative, and with the President of the ExportImport Bank, the Chairman of the Board of Governors of the Federal Reserve System, and other agencies and officials as appropriate, is hereby authorized to impose on a person any of the sanctions described in section 3 or 4 of this order upon determining 

that the person: 

(i) knowingly, on or after the effective date of this order, engaged in a significant transaction for the purchase or acquisition of petroleum or petroleum products from Iran; 

(ii) knowingly, on or after the effective date of this order, engaged in a significant transaction for the purchase or acquisition of petrochemical products from Iran; 

(iii) is a successor entity to a person determined by the Secretary of State in accordance with this subsection to meet the 

criteria in subsection (a)(1) or (a)(ii) of this section; 

(iv) owns or controls a person determined by the Secretary 

of State in accordance with this subsection to meet the criteria 

in subsection (a) (1) or (a)(ii) of this section, and had knowledge that the person engaged in the activities referred to in 

that subsection; or 

(v) is owned or controlled by, or under common ownership or 

control with, a person determined by the Secretary of State in 

accordance with this subsection to meet the criteria in subsection (a)(i) or (a)(ii) of this section, and knowingly participated in the activities referred to in that subsection. 

(b) Subsection (a)(i) of this section shall apply with respect to a 

person only if: 

(i) the President determines under subparagraphs (4)(B) and 

(C) of subsection 1245(d) of the NDAA that there is a sufficient 

supply of petroleum and petroleum products from countries 

other than Iran to permit a significant reduction in the volume 


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of petroleum and petroleum products purchased from Iran by 

or through foreign financial institutions; and 

(ii) an exception under subparagraph 4(D) of subsection 

1245(d) of the NDAA from the imposition of sanctions under 

paragraph (1) of that subsection does not apply with respect to 

the country with primary jurisdiction over the person. 

Sec. 3. When the Secretary of State, in accordance with the terms 

of section 2 of this order, has determined that a person meets any 

of the criteria described in section 2 and has selected any of the 

sanctions set forth below to impose on that person, the heads of relevant agencies, in consultation with the Secretary of State, shall 

take the following actions where necessary to implement the sanctions imposed by the Secretary of State: 

(a) the Board of Directors of the Export-Import Bank shall deny 

approval of the issuance of any guarantee, insurance, extension of 

credit, or participation in an extension of credit in connection with 

the export of any goods or services to the sanctioned person; 

(b) agencies shall not issue any specific license or grant any other 

specific permission or authority under any statute that requires the 

prior review and approval of the United States Government as a 

condition for the export or reexport of goods or technology to the 

sanctioned person; 

(c) with respect to a sanctioned person that is a financial institution: 

(i) the Chairman of the Board of Governors of the Federal 

Reserve System and the President of the Federal Reserve Bank 

of New York shall take such actions as they deem appropriate, 

including denying designation, or terminating the continuation 

of any prior designation of, the sanctioned person as a primary 

dealer in United States Government debt instruments; or 

(ii) agencies shall prevent the sanctioned person from serving as an agent of the United States Government or serving as 

a repository for United States Government funds; or 

(d) agencies shall not procure, or enter into a contract for the 

procurement of, any goods or services from the sanctioned person. 

(e) The prohibitions in subsections (a)–(d) of this section apply 

except to the extent provided by statutes, or in regulations, orders, 

directives, or licenses that may be issued pursuant to this order, 

and notwithstanding any contract entered into or any license or 

permit granted prior to the effective date of this order. 

Sec. 4. (a) When the Secretary of State, in accordance with the 

terms of section 2 of this order, has determined that a person 

meets any of the criteria described in section 2 and has selected 

any of the sanctions set forth below to impose on that person, the 

Secretary of the Treasury, in consultation with the Secretary of 

State, shall take the following actions where necessary to implement the sanctions imposed by the Secretary of State: 

(i) prohibit any United States financial institution from making loans or providing credits to the sanctioned person totaling 

more than $10,000,000 in any 12-month period, unless such 

person is engaged in activities to relieve human suffering and 

the loans or credits are provided for such activities; 


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(ii) prohibit any transactions in foreign exchange that are 

subject to the jurisdiction of the United States and in which 

the sanctioned person has any interest; 

(iii) prohibit any transfers of credit or payments between financial institutions or by, through, or to any financial institution, to the extent that such transfers or payments are subject 

to the jurisdiction of the United States and involve any interest 

of the sanctioned person; 

(iv) block all property and interests in property that are in 

the United States, that come within the United States, or that 

are or come within the possession or control of any United 

States person, including any foreign branch, of the sanctioned 

person, and provide that such property and interests in property may not be transferred, paid, exported, withdrawn, or otherwise dealt in; or 

(v) restrict or prohibit imports of goods, technology, or services, directly or indirectly, into the United States from the 

sanctioned person. 

(b) The prohibitions in subsections (a)(i)–(a)(v) of this section 

apply except to the extent provided by statutes, or in regulations, 

orders, directives, or licenses that may be issued pursuant to this 

order, and notwithstanding any contract entered into or any license 

or permit granted prior to the effective date of this order. 

Sec. 5. (a) The Secretary of the Treasury, in consultation with the 

Secretary of State, is hereby authorized to impose on a person the 

measures described in subsection (b) of this section upon determining that the person has materially assisted, sponsored, or provided financial, material, or technological support for, or goods or 

services in support of, NIOC, NICO, or the Central Bank of Iran, 

or the purchase or acquisition of U.S. bank notes or precious metals by the Government of Iran. 

(b) With respect to any person determined by the Secretary of 

the Treasury in accordance with subsection (a) to meet the criteria 

set forth in subsection (a) of this section, all property and interests 

in property that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of any United States person, including any foreign branch, of such person are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in. 

(c) The prohibitions in subsection (b) of this section apply except 

to the extent provided by statutes, or in regulations, orders, directives, or licenses that may be issued pursuant to this order, and 

notwithstanding any contract entered into or any license or permit 

granted prior to the effective date of this order. 

Sec. 6. Subsection 1(a), section 2, and subsection 5(a) of this 

order shall not apply with respect to any person for conducting or 

facilitating a transaction involving a natural gas development and 

pipeline project initiated prior to the effective date of this order to 

bring gas from Azerbaijan to Europe and Turkey in furtherance of 

a production sharing agreement or license awarded by a sovereign 

government other than the Government of Iran before the effective 

date of this order. 

Sec. 7. I hereby determine that, to the extent section 203(b)(2) of 

IEEPA (50 U.S.C. 1702(b)(2)) may apply, the making of donations 


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of the type of articles specified in such section by, to, or for the benefit of any person whose property and interests in property are 

blocked pursuant to subsection (a)(iv) of section 4 or subsection (b) 

of section 5 of this order would seriously impair my ability to deal 

with the national emergency declared in Executive Order 12957, 

and I hereby prohibit such donations as provided by subsection 

(a)(iv) of section 4 and subsection (b) of section 5 of this order. 

Sec. 8. The prohibitions in subsection (a)(iv) of section 4 and subsection (b) of section 5 of this order include, but are not limited to: 

(i) the making of any contribution or provision of funds, 

goods, or services by, to, or for the benefit of any person whose 

property and interests in property are blocked pursuant to this 

order; and 

(ii) the receipt of any contribution or provision of funds, 

goods, or services from any such person. 

Sec. 9. (a) Any transaction that evades or avoids, has the purpose 

of evading or avoiding, causes a violation of, or attempts to violate 

any of the prohibitions set forth in this order is prohibited. 

(b) Any conspiracy formed to violate any of the prohibitions set 

forth in this order is prohibited. 

Sec. 10. For the purposes of this order: 

(a) the term ‘‘person’’ means an individual or entity; 

(b) the term ‘‘entity’’ means a partnership, association, trust, 

joint venture, corporation, group, subgroup, or other organization; 

(c) the term ‘‘United States person’’ means any United States citizen, permanent resident alien, entity organized under the laws of 

the United States or any jurisdiction within the United States (including foreign branches), or any person in the United States; 

(d) the term ‘‘financial institution,’’ as used in sections 3 and 4 

of this order, includes (i) a depository institution (as defined in section 3(c)(1) of the Federal Deposit Insurance Act) (12 U.S.C. 

1813(c)(1)), including a branch or agency of a foreign bank (as defined in section 1(b)(7) of the International Banking Act of 1978) 

(12 U.S.C. 3101(7)); (ii) a credit union; (iii) a securities firm, including a broker or dealer; (iv) an insurance company, including an 

agency or underwriter; and (v) any other company that provides financial services; 

(e) the term ‘‘foreign financial institution,’’ as used in section 1 

of this order, means any foreign entity that is engaged in the business of accepting deposits, making, granting, transferring, holding, 

or brokering loans or credits, or purchasing or selling foreign exchange, securities, commodity futures or options, or procuring purchasers and sellers thereof, as principal or agent. It includes, but 

is not limited to, depository institutions, banks, savings banks, 

money service businesses, trust companies, securities brokers and 

dealers, commodity futures and options brokers and dealers, forward contract and foreign exchange merchants, securities and commodities exchanges, clearing corporations, investment companies, 

employee benefit plans, and holding companies, affiliates, or subsidiaries of any of the foregoing. The term does not include the 

international financial institutions identified in 22 U.S.C. 

262r(c)(2), the International Fund for Agricultural Development, 

the North American Development Bank, or any other international 

financial institution so notified by the Secretary of the Treasury; 


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(f) the term ‘‘United States financial institution’’ means a financial institution as defined in subsection (d) of this section (including 

its foreign branches) organized under the laws of the United States 

or any jurisdiction within the United States or located in the 

United States; 

(g) the term ‘‘Iran’’ means the Government of Iran and the territory of Iran and any other territory or marine area, including the 

exclusive economic zone and continental shelf, over which the Government of Iran claims sovereignty, sovereign rights, or jurisdiction, provided that the Government of Iran exercises partial or 

total de facto control over the area or derives a benefit from economic activity in the area pursuant to international arrangements; 

(h) the term ‘‘Government of Iran’’ includes the Government of 

Iran, any political subdivision, agency, or instrumentality thereof, 

including the Central Bank of Iran, and any person owned or controlled by, or acting for or on behalf of, the Government of Iran; 

(i) the terms ‘‘knowledge’’ and ‘‘knowingly,’’ with respect to conduct, a circumstance, or a result, mean that a person has actual 

knowledge, or should have known, of the conduct, the circumstance, or the result; 

(j) the term ‘‘sanctioned person’’ means a person on whom the 

Secretary of State, in accordance with the terms of section 2 of this 

order, has determined to impose sanctions pursuant to section 2; 

(k) the term ‘‘petroleum’’ (also known as crude oil) means a mixture of hydrocarbons that exists in liquid phase in natural underground reservoirs and remains liquid at atmospheric pressure after 

passing through surface separating facilities; 

(l) the term ‘‘petroleum products’’ includes unfinished oils, liquefied petroleum gases, pentanes plus, aviation gasoline, motor gasoline, naphtha-type jet fuel, kerosene-type jet fuel, kerosene, distillate fuel oil, residual fuel oil, petrochemical feedstocks, special 

naphthas, lubricants, waxes, petroleum coke, asphalt, road oil, still 

gas, and miscellaneous products obtained from the processing of: 

crude oil (including lease condensate), natural gas, and other hydrocarbon compounds. The term does not include natural gas, liquefied natural gas, biofuels, methanol, and other non-petroleum 

fuels; 

(m) the term ‘‘petrochemical products’’ includes any aromatic, 

olefin, and synthesis gas, and any of their derivatives, including 

ethylene, propylene, butadiene, benzene, toluene, xylene, ammonia, 

methanol, and urea; 

(n) the terms ‘‘National Iranian Oil Company’’ and ‘‘NIOC’’ mean 

the National Iranian Oil Company and any entity owned or controlled by, or operating for or on behalf of, the National Iranian Oil 

Company; and 

(o) the terms ‘‘Naftiran Intertrade Company’’ and ‘‘NICO’’ mean 

the Naftiran Intertrade Company and any entity owned or controlled by, or operating for or on behalf of, the Naftiran Intertrade 

Company. 

Sec. 11. For those persons whose property and interests in property are blocked pursuant to this order who might have a constitutional presence in the United States, I find that because of the ability to transfer funds or other assets instantaneously, prior notice 

to such persons of measures to be taken pursuant to subsection 


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(a)(iv) of section 4 or subsection (b) of section 5 of this order would 

render those measures ineffectual. I therefore determine that for 

these measures to be effective in addressing the national emergency declared in Executive Order 12957, there need be no prior 

notice of an action taken pursuant to subsection (a)(iv) of section 

4 or subsection (b) of section 5 of this order. 

Sec. 12. The Secretary of the Treasury, in consultation with the 

Secretary of State, is hereby authorized to take such actions, including the promulgation of rules and regulations, and to employ 

all powers granted to the President by IEEPA as may be necessary 

to carry out the purposes of sections 1, 4, and 5 of this order. The 

Secretary of the Treasury may redelegate any of these functions to 

other officers and agencies of the United States Government consistent with applicable law. All agencies of the United States Government are hereby directed to take all appropriate measures within their authority to carry out the provisions of this order. 

Sec. 13. This order is not intended to, and does not, create any 

right or benefit, substantive or procedural, enforceable at law or in 

equity by any party against the United States, its departments, 

agencies, or entities, its officers, employees, or agents, or any other 

person. 

Sec. 14. The measures taken pursuant to this order are in response to actions of the Government of Iran occurring after the 

conclusion of the 1981 Algiers Accords, and are intended solely as 

a response to those later actions. 

Sec. 15. This order is effective at 12:01 a.m. eastern daylight 

time on July 31, 2012. 

BARACK OBAMA. 

THE WHITE HOUSE, July 30, 2012. 

Æ 


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