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[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4821 Introduced in House (IH)]

<DOC>

115th CONGRESS
  2d Session
                                H. R. 4821

 To impose sanctions against entities owned or controlled by the Armed 
                Forces of Iran, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            January 18, 2018

 Mr. Roskam (for himself, Ms. Cheney, Ms. Granger, Mr. Gallagher, Mrs. 
  Walorski, Mr. Bishop of Michigan, Mr. Lamborn, Mr. Rodney Davis of 
  Illinois, Mr. Ferguson, Ms. Stefanik, Mr. LaMalfa, Mrs. Handel, Mr. 
Pittenger, Mr. Cramer, Mr. King of New York, Mr. Rokita, Mr. DeSantis, 
Mr. Rothfus, Mr. Lance, and Mr. LaHood) introduced the following bill; 
which was referred to the Committee on Foreign Affairs, and in addition 
 to the Committees on Financial Services, the Judiciary, Oversight and 
Government Reform, and Ways and Means, for a period to be subsequently 
   determined by the Speaker, in each case for consideration of such 
 provisions as fall within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL

 
 To impose sanctions against entities owned or controlled by the Armed 
                Forces of Iran, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE AND TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Iran Freedom 
Policy and Sanctions Act''.
    (b) Table of Contents.--The table of contents for this Act is as 
follows:

Sec. 1. Short title and table of contents.
Sec. 2. Findings.
Sec. 3. Statement of policy.
Sec. 4. Definitions.
 TITLE I--IMPOSITION OF SANCTIONS AGAINST ENTITIES OWNED OR CONTROLLED 
                      BY THE ARMED FORCES OF IRAN

Sec. 101. Imposition of sanctions against entities owned or controlled 
                            by the Armed Forces of Iran.
Sec. 102. Watch List and report.
TITLE II--REINSTATEMENT OF SANCTIONS IMPOSED WITH RESPECT TO IRAN THAT 
WERE WAIVED, SUSPENDED, REDUCED, OR OTHERWISE RELIEVED PURSUANT TO THE 
                   JOINT COMPREHENSIVE PLAN OF ACTION

Sec. 201. Reinstatement of sanctions imposed with respect to Iran that 
                            were waived, suspended, reduced, or 
                            otherwise relieved pursuant to the Joint 
                            Comprehensive Plan of Action.
        TITLE III--IRAN BALLISTIC MISSILE SANCTIONS ACT OF 2018

Sec. 301. Short title.
Sec. 302. Sense of Congress.
Sec. 303. Expansion of sanctions with respect to efforts by Iran to 
                            acquire ballistic missile and related 
                            technology.
Sec. 304. Extension of Iran Sanctions Act of 1996 and expansion of 
                            sanctions with respect to persons that 
                            acquire or develop ballistic missiles.
Sec. 305. Imposition of sanctions with respect to ballistic missile 
                            program of Iran.
Sec. 306. Expansion of mandatory sanctions with respect to financial 
                            institutions that engage in certain 
                            transactions relating to ballistic missile 
                            capabilities of Iran.
Sec. 307. Regulations.

SEC. 2. FINDINGS.

    Congress finds the following:
            (1) A nuclear-capable Iran threatens United States national 
        security and global stability.
            (2) Since the 1980s, Iran has engaged in a sustained and 
        well-documented pattern of illicit and deceptive activities to 
        acquire a nuclear weapons capability.
            (3) It is the policy of the United States to prevent Iran 
        from acquiring a nuclear weapons capability.
            (4) Iran is developing an arsenal of advanced long-range 
        ballistic missiles, including some already capable of reaching 
        India, North Africa, western China, and parts of eastern 
        Europe.
            (5) The Department of State has designated Iran as a state 
        sponsor of terrorism since 1984 and has characterized Iran as 
        the ``most active state sponsor of terrorism'' in the world.
            (6) Iran is a world leader in human rights violations, 
        including the persecution of religious minorities and 
        imprisonment of United States citizens.
            (7) Beginning on December 28, 2017, Iranians from all 
        social sectors have participated in protests against the 
        Iranian regime's oppressive domestic policies and destructive 
        foreign policy, in which over 1,000 protestors have been 
        arrested and 21 have been killed.
            (8) The Joint Comprehensive Plan of Action fails to 
        permanently prevent Iran from obtaining a nuclear weapons 
        capability and fails to provide the international community a 
        legitimate inspections regime to monitor Iran's nuclear 
        program.
            (9) The Joint Comprehensive Plan of Action allows key 
        restraints on Iran's nuclear program to expire within 10 to 15 
        years, including those on Iran's domestic uranium enrichment 
        program and heavy-water reactor at Arak.
            (10) United Nations Security Council Resolution 2231 
        (2015), which endorses the Joint Comprehensive Plan of Action, 
        allows for lifting international restrictions on Iran with 
        regards to conventional military arms and ballistic missiles.
            (11) The Joint Comprehensive Plan of Action fails to 
        address Iran's egregious human rights record, Iran's role as 
        the world's leading state-sponsor of international terrorism, 
        and Iran's unjust imprisonment of innocent United States 
        citizens.
            (12) On numerous occasions, Iran has violated both the 
        letter and the spirit of the Joint Comprehensive Plan of Action 
        and its related agreements by exceeding the limits of heavy 
        water production, testing ballistic missiles, seeking to 
        acquire potentially illicit materials outside the mandatory 
        procurement channel, and sending arms to terrorist groups 
        around the Middle East.
            (13) The current Joint Comprehensive Plan of Action 
        framework is insufficient in blocking Iran from developing a 
        nuclear weapons capability, and it is in the United States 
        national security interest to renegotiate this agreement to 
        strengthen its terms or to abrogate the agreement and use all 
        necessary measures to prevent Iran from developing a nuclear 
        weapon.

SEC. 3. STATEMENT OF POLICY.

    It is the policy of the United States that the United States 
should--
            (1) deny the Government of Iran the ability to continue to 
        oppress the people of Iran and to use violence and executions 
        against pro-democracy protestors and regime opponents;
            (2) fully and publicly support efforts made by the people 
        of Iran to promote the establishment of basic freedoms that 
        build the foundation for the emergence of a freely elected, 
        open, and democratic political system;
            (3) help the people of Iran produce, access, and share 
        information freely and safely via the Internet and through 
        other media;
            (4) defeat all attempts by the Government of Iran to jam or 
        otherwise obstruct international satellite broadcast signals, 
        internet access, or social media access for the people of Iran;
            (5) ensure Iran is permanently prevented from obtaining a 
        nuclear weapons capability;
            (6) extend indefinitely upon Iran restrictions on nuclear-
        related activities to prevent both the uranium and plutonium 
        pathways to nuclear weaponization; and
            (7) seek a United Nations Security Council resolution 
        permanently extending prohibitions on Iran's ballistic missile 
        and arms embargo as found in paragraphs 3 and 4 of Annex B of 
        United Nations Security Council Resolution 2231 (2015).

SEC. 4. DEFINITIONS.

    In this Act:
            (1) Appropriate congressional committees.--The 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).
            (2) Entity.--The term ``entity'' means any corporation, 
        business association, partnership, trust, society, or any other 
        entity.
            (3) IRGC.--The term ``IRGC'' means Iran's Revolutionary 
        Guard Corps.
            (4) Joint comprehensive plan of action.--The term ``Joint 
        Comprehensive Plan of Action'' means the Joint Comprehensive 
        Plan of Action, agreed to at Vienna on July 14, 2015, by Iran 
        and by the People's Republic of China, France, Germany, the 
        Russian Federation, the United Kingdom and the United States, 
        with the High Representative of the European Union for Foreign 
        Affairs and Security Policy, and all implementing materials and 
        agreements related to the Joint Comprehensive Plan of Action.
            (5) NPT safeguards agreement.--The term ``NPT Safeguards 
        Agreement'' means the Agreement between Iran and the 
        International Atomic Energy Agency for the Application of 
        Safeguards in Connection with the Treaty on the Non-
        Proliferation of Nuclear Weapons, which entered into force on 
        May 15, 1974.
            (6) Person.--The term ``person'' means an individual or 
        entity.

 TITLE I--IMPOSITION OF SANCTIONS AGAINST ENTITIES OWNED OR CONTROLLED 
                      BY THE ARMED FORCES OF IRAN

SEC. 101. IMPOSITION OF SANCTIONS AGAINST ENTITIES OWNED OR CONTROLLED 
              BY THE ARMED FORCES OF IRAN.

    (a) In General.--The President shall impose the sanctions described 
in subsection (c) with respect to any entity described in subsection 
(b).
    (b) Entity Described.--
            (1) In general.--An entity described in this subsection is 
        an entity, including an entity listed on the Tehran Stock 
        Exchange, that is owned or controlled by the Armed Forces of 
        Iran regardless of whether the entity itself is included on the 
        list of specially designated nationals and blocked persons 
        maintained by the Office of Foreign Assets Control of the 
        Department of the Treasury.
            (2) Definition.--In this subsection, the term ``Armed 
        Forces of Iran'' includes--
                    (A) Iran's Revolutionary Guard Corps;
                    (B) the Basij paramilitary;
                    (C) the regular military;
                    (D) the Ministry of Defense and Armed Forces 
                Logistics (MODAFL);
                    (E) the police; and
                    (F) the General Staff of the Armed Forces.
    (c) Sanctions Described.--
            (1) In general.--The blocking, in accordance with the 
        International Emergency Economic Powers Act (50 U.S.C. 1701 et 
        seq.), of all transactions in all property and interests in 
        property of an entity if such property and interests in 
        property are in the United States, come within the United 
        States, or are or come within the possession or control of a 
        United States person.
            (2) Inapplicability of national emergency requirement.--The 
        requirements of section 202 of the International Emergency 
        Economic Powers Act (50 U.S.C. 1701) shall not apply for 
        purposes of this section.
    (d) Definitions.--In this section:
            (1) United states person.--The term ``United States 
        person'' means--
                    (A) a United States citizen or an alien lawfully 
                admitted for permanent residence to the United States; 
                or
                    (B) an entity organized under the laws of the 
                United States or of any jurisdiction within the United 
                States, including a foreign branch of such an entity.
            (2) Own or control.--The term ``own or control'' means, 
        with respect to an entity--
                    (A) to hold more than 20 percent of the equity 
                interest by vote or value in the entity;
                    (B) to hold a majority of seats on the board of 
                directors of the entity; or
                    (C) to otherwise control the actions, policies, or 
                personnel decisions of the entity.

SEC. 102. WATCH LIST AND REPORT.

    (a) In General.--The Secretary of the Treasury shall establish, 
maintain, and publish in the Federal Register a list of each entity 
with respect to which the Armed Forces of Iran (as defined in section 
101(b)(2))--
            (1) holds less than 20 percent of the equity interest by 
        vote or value in the entity; or
            (2) does not own any interest in the entity but maintains a 
        presence on the board of directors of the entity or otherwise 
        influences the actions, policies, or personnel decisions of the 
        entity.
    (b) Report.--Not later than 90 days after the date of the enactment 
of the Act, and annually thereafter, the Secretary of the Treasury 
shall submit to Congress a report on any changes to the list required 
by subsection (a).
    (c) Reference.--The list required by subsection (a) shall be known 
as the ``IRGC Watch List''.

TITLE II--REINSTATEMENT OF SANCTIONS IMPOSED WITH RESPECT TO IRAN THAT 
WERE WAIVED, SUSPENDED, REDUCED, OR OTHERWISE RELIEVED PURSUANT TO THE 
                   JOINT COMPREHENSIVE PLAN OF ACTION

SEC. 201. REINSTATEMENT OF SANCTIONS IMPOSED WITH RESPECT TO IRAN THAT 
              WERE WAIVED, SUSPENDED, REDUCED, OR OTHERWISE RELIEVED 
              PURSUANT TO THE JOINT COMPREHENSIVE PLAN OF ACTION.

    (a) In General.--The reinstatement of sanctions imposed with 
respect to Iran pursuant to subsection (d) shall not take effect with 
respect to the 90-day period beginning on the date of the enactment of 
this Act or any 90-day period thereafter for which a certification 
described in subsection (b) is in effect.
    (b) Certification.--A certification described in this subsection is 
a certification submitted by the President to the appropriate 
congressional committees with respect to a 90-day period described in 
subsection (a) that contains a determination of the President that--
            (1) the Government of Iran has not--
                    (A) undertaken any activity related to ballistic 
                missiles designed to be capable of delivering nuclear 
                weapons, including launches using ballistic missile 
                technology;
                    (B) undertaken any activity to--
                            (i) produce sufficient weapons-grade 
                        uranium or plutonium for a nuclear weapon in 
                        under 12 months;
                            (ii) maintain an excess of over 300 
                        kilograms of Low Enriched Uranium; and
                            (iii) maintain an excess of 130 metric tons 
                        of heavy water;
                    (C) undertaken any activity to--
                            (i) increase uranium enrichment levels 
                        beyond 3.67 percent;
                            (ii) develop, produce, or install advanced 
                        centrifuges; and
                            (iii) build new heavy water facilities or 
                        restore currently established facilities to 
                        operating capacity; and
                    (D) denied the international community unfettered, 
                unannounced, and indefinite access to Iran's nuclear 
                program, including ``anywhere, anytime'' access and 
                inspections of places, personnel, and paperwork, 
                including physical access by the International Atomic 
                Energy Agency to all suspicious sites, including 
                military facilities, to monitor both overt and covert 
                attempts by Iran develop a nuclear weapon; and
            (2) the Government of Iran has--
                    (A) ratified and implemented the Additional 
                Protocol to the NPT Safeguards Agreement; and
                    (B) provided complete and full disclosure of the 
                extent of Iran's nuclear activities, including a report 
                on any possible military dimensions of Iran's nuclear 
                program based on full access to suspected sites and all 
                scientists involved in military dimensions of such 
                program.
    (c) Certification Not Submitted.--In the event the President does 
not submit a certification described in subsection (b) to the 
appropriate congressional committees pursuant to subsection (b) with 
respect to a 90-day period described in subsection (a), the requirement 
to reinstate sanctions imposed with respect to Iran pursuant to 
subsection (d) shall take effect.
    (d) Reinstatement of Sanctions.--
            (1) Statutory sanctions.--Any statutory sanctions imposed 
        with respect to Iran pursuant to the provisions of law 
        described in subsection (e) that were waived, suspended, 
        reduced, or otherwise relieved pursuant to the Joint 
        Comprehensive Plan of Action, submitted pursuant to section 
        135(a) of the Atomic Energy Act of 1954, are hereby reinstated 
        and any action by the United States Government to facilitate 
        the release of funds or assets to Iran pursuant to the Joint 
        Comprehensive Plan of Action, or provide any further waiver, 
        suspension, reduction, or other relief pursuant to the Joint 
        Comprehensive Plan of Action is hereby prohibited.
            (2) Sanctions pursuant to executive orders.--Any sanctions 
        imposed with respect to Iran pursuant to the Executive orders 
        described in subsection (f) that were revoked pursuant to 
        sections 1 and 2(a) of Executive Order 13716 of January 16, 
        2016 (Revocation of Executive Orders 13574, 13590, 13622, and 
        13645 With Respect to Iran, Amendment of Executive Order 13628 
        With Respect to Iran, and Provision of Implementation 
        Authorities for Aspects of Certain Statutory Sanctions Outside 
        the Scope of U.S. Commitments Under the Joint Comprehensive 
        Plan of Action of July 14, 2015) are hereby reinstated.
    (e) Provisions of Law Described.--The provisions of law described 
in this subsection are the following:
            (1) The Iran Sanctions Act of 1996 (Public Law 104-172; 50 
        U.S.C. 1701 note).
            (2) Section 1245(d)(5) of the National Defense 
        Authorization Act for Fiscal Year 2012 (22 U.S.C. 8513a(d)(5)).
            (3) Sections 212(d)(1) and 213(b)(1) of the Iran Threat 
        Reduction and Syrian Human Rights Act of 2012 (22 U.S.C. 
        8722(d)(1) and 8723(b)(1)).
            (4) Sections 1244(i), 1245(g), and 1247(f) of the Iran 
        Freedom and Counter-Proliferation Act of 2012 (22 U.S.C. 
        8803(i), 8804(g), and 8806(f)).
    (f) Executive Orders Described.--The Executive orders described in 
this subsection are the following:
            (1) Executive Order 13574 of May 23, 2011 (Authorizing the 
        Implementation of Certain Sanctions Set Forth in the Iran 
        Sanctions Act of 1996);
            (2) Executive Order 13590 of November 20, 2011 (Authorizing 
        the Imposition of Certain Sanctions With Respect to the 
        Provision of Goods, Services, Technology, or Support for Iran's 
        Energy and Petrochemical Sectors).
            (3) Executive Order 13622 of July 30, 2012 (Authorizing 
        Additional Sanctions With Respect to Iran).
            (4) Executive Order 13645 of June 3, 2013 (Authorizing the 
        Implementation of Certain Sanctions Set Forth in the Iran 
        Freedom and Counter-Proliferation Act of 2012 and Additional 
        Sanctions With Respect To Iran).
            (5) Sections 5 through 7 of Executive Order 13628 of 
        October 9, 2012 (Authorizing the Implementation of Certain 
        Sanctions Set Forth in the Iran Threat Reduction and Syria 
        Human Rights Act of 2012 and Additional Sanctions with Respect 
        to Iran).

        TITLE III--IRAN BALLISTIC MISSILE SANCTIONS ACT OF 2018

SEC. 301. SHORT TITLE.

    This title may be cited as the ``Iran Ballistic Missile Sanctions 
Act of 2018''.

SEC. 302. SENSE OF CONGRESS.

    It is the sense of Congress that--
            (1) the ballistic missile program of Iran represents a 
        serious threat to allies of the United States in the Middle 
        East and Europe, members of the Armed Forces deployed in the 
        those regions, and ultimately the United States;
            (2) the testing and production by Iran of ballistic 
        missiles capable of carrying a nuclear device is a clear 
        violation of United Nations Security Council Resolution 2231 
        (2015), which was unanimously adopted by the international 
        community;
            (3) Iran is using its space launch program to develop the 
        capabilities necessary to deploy an intercontinental ballistic 
        missile that could threaten the United States, and the Director 
        of National Intelligence has assessed that Iran would use 
        ballistic missiles as its ``preferred method of delivering 
        nuclear weapons''; and
            (4) the Government of the United States should impose tough 
        primary and secondary sanctions against any sector of the 
        economy of Iran or any Iranian person that directly or 
        indirectly supports the ballistic missile program of Iran as 
        well as any foreign person or financial institution that 
        engages in transactions or trade that support that program.

SEC. 303. EXPANSION OF SANCTIONS WITH RESPECT TO EFFORTS BY IRAN TO 
              ACQUIRE BALLISTIC MISSILE AND RELATED TECHNOLOGY.

    (a) Certain Persons.--Section 1604(a) of the Iran-Iraq Arms Non-
Proliferation Act of 1992 (Public Law 102-484; 50 U.S.C. 1701 note) is 
amended, in the matter preceding paragraph (1), by inserting ``, to 
acquire ballistic missile or related technology,'' after ``nuclear 
weapons''.
    (b) Foreign Countries.--Section 1605(a) of the Iran-Iraq Arms Non-
Proliferation Act of 1992 (Public Law 102-484; 50 U.S.C. 1701 note) is 
amended, in the matter preceding paragraph (1), by inserting ``, to 
acquire ballistic missile or related technology,'' after ``nuclear 
weapons''.

SEC. 304. EXTENSION OF IRAN SANCTIONS ACT OF 1996 AND EXPANSION OF 
              SANCTIONS WITH RESPECT TO PERSONS THAT ACQUIRE OR DEVELOP 
              BALLISTIC MISSILES.

    (a) Expansion of Mandatory Sanctions.--Section 5(b)(1)(B) of the 
Iran Sanctions Act of 1996 (Public Law 104-172; 50 U.S.C. 1701 note) is 
amended--
            (1) in clause (i), by striking ``would likely'' and 
        inserting ``may''; and
            (2) in clause (ii)--
                    (A) in subclause (I), by striking ``; or'' and 
                inserting a semicolon;
                    (B) by redesignating subclause (II) as subclause 
                (III); and
                    (C) by inserting after subclause (I) the following:
                                    ``(II) acquire or develop ballistic 
                                missiles and the capability to launch 
                                ballistic missiles; or''.
    (b) Extension of Iran Sanctions Act of 1996.--Section 13(b) of the 
Iran Sanctions Act of 1996 (Public Law 104-172; 50 U.S.C. 1701 note) is 
amended by striking ``December 31, 2026'' and inserting ``December 31, 
2031''.

SEC. 305. IMPOSITION OF SANCTIONS WITH RESPECT TO BALLISTIC MISSILE 
              PROGRAM OF IRAN.

    (a) In General.--Title II of the Iran Threat Reduction and Syria 
Human Rights Act of 2012 (22 U.S.C. 8721 et seq.) is amended by adding 
at the end the following:

  ``Subtitle C--Measures Relating to Ballistic Missile Program of Iran

``SEC. 231. DEFINITIONS.

    ``(a) In General.--In this subtitle:
            ``(1) Agricultural commodity.--The term `agricultural 
        commodity' has the meaning given that term in section 102 of 
        the Agricultural Trade Act of 1978 (7 U.S.C. 5602).
            ``(2) Appropriate committees of congress.--The term 
        `appropriate committees of Congress' means--
                    ``(A) the committees specified in section 14(2) of 
                the Iran Sanctions Act of 1996 (Public Law 104-172; 50 
                U.S.C. 1701 note); and
                    ``(B) the congressional defense committees, as 
                defined in section 101 of title 10, United States Code.
            ``(3) Correspondent account; payable-through account.--The 
        terms `correspondent account' and `payable-through account' 
        have the meanings given those terms in section 5318A of title 
        31, United States Code.
            ``(4) Foreign financial institution.--The term `foreign 
        financial institution' has the meaning of that term as 
        determined by the Secretary of the Treasury pursuant to section 
        104(i) of the Comprehensive Iran Sanctions, Accountability, and 
        Divestment Act of 2010 (22 U.S.C. 8513(i)).
            ``(5) Good.--The term `good' has the meaning given that 
        term in section 16 of the Export Administration Act of 1979 (50 
        U.S.C. 4618) (as continued in effect pursuant to the 
        International Emergency Economic Powers Act (50 U.S.C. 1701 et 
        seq.)).
            ``(6) Government.--The term `Government', with respect to a 
        foreign country, includes any agencies or instrumentalities of 
        that Government and any entities controlled by that Government.
            ``(7) Medical device.--The term `medical device' has the 
        meaning given the term `device' in section 201 of the Federal 
        Food, Drug, and Cosmetic Act (21 U.S.C. 321).
            ``(8) Medicine.--The term `medicine' has the meaning given 
        the term `drug' in section 201 of the Federal Food, Drug, and 
        Cosmetic Act (21 U.S.C. 321).
    ``(b) Determinations of Significance.--For purposes of this 
subtitle, in determining if financial transactions or financial 
services are significant, the President may consider the totality of 
the facts and circumstances, including factors similar to the factors 
set forth in section 561.404 of title 31, Code of Federal Regulations 
(or any corresponding similar regulation or ruling).

``SEC. 232. IMPOSITION OF SANCTIONS WITH RESPECT TO PERSONS THAT 
              SUPPORT THE BALLISTIC MISSILE PROGRAM OF IRAN.

    ``(a) Identification of Persons.--
            ``(1) In general.--Not later than 120 days after the date 
        of the enactment of the Iran Ballistic Missile Sanctions Act of 
        2018, and not less frequently than once every 180 days 
        thereafter, the President shall, in coordination with the 
        Secretary of Defense, the Director of National Intelligence, 
        the Secretary of the Treasury, and the Secretary of State, 
        submit to the appropriate committees of Congress a report 
        identifying persons that have knowingly aided the Government of 
        Iran in the development of the ballistic missile program of 
        Iran.
            ``(2) Elements.--Each report required by paragraph (1) 
        shall include the following:
                    ``(A) An identification of persons (disaggregated 
                by Iranian and non-Iranian persons) that have knowingly 
                aided the Government of Iran in the development of the 
                ballistic missile program of Iran, including persons 
                that have--
                            ``(i) knowingly engaged in the direct or 
                        indirect provision of material support to such 
                        program;
                            ``(ii) knowingly facilitated, supported, or 
                        engaged in activities to further the 
                        development of such program;
                            ``(iii) knowingly transmitted information 
                        relating to ballistic missiles to the 
                        Government of Iran; or
                            ``(iv) otherwise knowingly aided such 
                        program.
                    ``(B) A description of the character and 
                significance of the cooperation of each person 
                identified under subparagraph (A) with the Government 
                of Iran with respect to such program.
                    ``(C) An assessment of the cooperation of the 
                Government of the Democratic People's Republic of Korea 
                with the Government of Iran with respect to such 
                program.
            ``(3) Classified annex.--Each report required by paragraph 
        (1) shall be submitted in unclassified form, but may contain a 
        classified annex.
    ``(b) Blocking of Property.--
            ``(1) In general.--Not later than 15 days after submitting 
        a report required by subsection (a)(1), the President shall, in 
        accordance with the International Emergency Economic Powers Act 
        (50 U.S.C. 1701 et seq.), block and prohibit all transactions 
        in all property and interests in property of any person 
        specified in such report if such property and interests in 
        property are in the United States, come within the United 
        States, or are or come within the possession or control of a 
        United States person.
            ``(2) Inapplicability of national emergency requirement.--
        The requirements under section 202 of the International 
        Emergency Economic Powers Act (50 U.S.C. 1701) shall not apply 
        for purposes of this subsection.
    ``(c) Exclusion From United States.--
            ``(1) In general.--Except as provided in paragraph (2), the 
        Secretary of State shall deny a visa to, and the Secretary of 
        Homeland Security shall exclude from the United States, any 
        alien subject to blocking of property and interests in property 
        under subsection (b).
            ``(2) Compliance with united nations headquarters 
        agreement.--Paragraph (1) shall not apply to the head of state 
        of Iran, or necessary staff of that head of state, if admission 
        to the United States is necessary to permit the United States 
        to comply with the Agreement regarding the Headquarters of the 
        United Nations, signed at Lake Success June 26, 1947, and 
        entered into force November 21, 1947, between the United 
        Nations and the United States.
    ``(d) Facilitation of Certain Transactions.--The President shall 
prohibit the opening, and prohibit or impose strict conditions on the 
maintaining, in the United States of a correspondent account or a 
payable-through account by a foreign financial institution that the 
President determines knowingly, on or after the date that is 180 days 
after the date of the enactment of the Iran Ballistic Missile Sanctions 
Act of 2018, conducts or facilitates a significant financial 
transaction for a person subject to blocking of property and interests 
in property under subsection (b).

``SEC. 233. BLOCKING OF PROPERTY OF PERSONS AFFILIATED WITH CERTAIN 
              IRANIAN ENTITIES.

    ``(a) Blocking of Property.--
            ``(1) In general.--The President shall, in accordance with 
        the International Emergency Economic Powers Act (50 U.S.C. 1701 
        et seq.), block and prohibit all transactions in all property 
        and interests in property of any person described in paragraph 
        (3) if such property and interests in property are in the 
        United States, come within the United States, or are or come 
        within the possession or control of a United States person.
            ``(2) Inapplicability of national emergency requirement.--
        The requirements under section 202 of the International 
        Emergency Economic Powers Act (50 U.S.C. 1701) shall not apply 
        for purposes of this subsection.
            ``(3) Persons described.--A person described in this 
        paragraph is--
                    ``(A) an entity that is owned, directly or 
                indirectly, by a 20 percent or greater interest--
                            ``(i) by the Aerospace Industries 
                        Organization, the Shahid Hemmat Industrial 
                        Group, the Shahid Bakeri Industrial Group, or 
                        any agent or affiliate of such organization or 
                        group; or
                            ``(ii) collectively by a group of 
                        individuals that hold an interest in the 
                        Aerospace Industries Organization, the Shahid 
                        Hemmat Industrial Group, the Shahid Bakeri 
                        Industrial Group, or any agent or affiliate of 
                        such organization or group, even if none of 
                        those individuals hold a 20 percent or greater 
                        interest in the entity;
                    ``(B) a person that controls, manages, or directs 
                an entity described in subparagraph (A); or
                    ``(C) an individual who is on the board of 
                directors of an entity described in subparagraph (A).
    ``(b) Facilitation of Certain Transactions.--The President shall 
prohibit the opening, and prohibit or impose strict conditions on the 
maintaining, in the United States of a correspondent account or a 
payable-through account by a foreign financial institution that the 
President determines knowingly, on or after the date that is 180 days 
after the date of the enactment of the Iran Ballistic Missile Sanctions 
Act of 2018, conducts or facilitates a significant financial 
transaction for a person subject to blocking of property and interests 
in property under subsection (a).
    ``(c) Iran Missile Proliferation Watch List.--
            ``(1) In general.--Not later than 90 days after the date of 
        the enactment of the Iran Ballistic Missile Sanctions Act of 
        2018, and not less frequently than annually thereafter, the 
        Secretary of the Treasury shall submit to the appropriate 
        committees of Congress and publish in the Federal Register a 
        list of--
                    ``(A) each entity in which the Aerospace Industries 
                Organization, the Shahid Hemmat Industrial Group, the 
                Shahid Bakeri Industrial Group, or any agent or 
                affiliate of such organization or group has an 
                ownership interest of more than 0 percent and less than 
                20 percent;
                    ``(B) each entity in which the Aerospace Industries 
                Organization, the Shahid Hemmat Industrial Group, the 
                Shahid Bakeri Industrial Group, or any agent or 
                affiliate of such organization or group does not have 
                an ownership interest but maintains a presence on the 
                board of directors of the entity or otherwise 
                influences the actions, policies, or personnel 
                decisions of the entity; and
                    ``(C) each person that controls, manages, or 
                directs an entity described in subparagraph (A) or (B).
            ``(2) Reference.--The list required by paragraph (1) may be 
        referred to as the `Iran Missile Proliferation Watch List'.
    ``(d) Comptroller General Report.--
            ``(1) In general.--The Comptroller General of the United 
        States shall--
                    ``(A) conduct a review of each list required by 
                subsection (c)(1); and
                    ``(B) not later than 60 days after each such list 
                is submitted to the appropriate committees of Congress 
                under that subsection, submit to the appropriate 
                committees of Congress a report on the review conducted 
                under subparagraph (A) that includes a list of persons 
                not included in that list that qualify for inclusion in 
                that list, as determined by the Comptroller General.
            ``(2) Consultations.--In preparing the report required by 
        paragraph (1)(B), the Comptroller General shall consult with 
        nongovernmental organizations.

``SEC. 234. IMPOSITION OF SANCTIONS WITH RESPECT TO CERTAIN PERSONS 
              INVOLVED IN BALLISTIC MISSILE ACTIVITIES.

    ``(a) Certification.--Not later than 120 days after the date of the 
enactment of the Iran Ballistic Missile Sanctions Act of 2018, and not 
less frequently than once every 180 days thereafter, the President 
shall submit to the appropriate committees of Congress a certification 
that each person listed in an annex of United Nations Security Council 
Resolution 1737 (2006), 1747 (2007), or 1929 (2010) is not directly or 
indirectly facilitating, supporting, or involved with the development 
of or transfer to Iran of ballistic missiles or technology, parts, 
components, or technology information relating to ballistic missiles.
    ``(b) Blocking of Property.--
            ``(1) In general.--If the President is unable to make a 
        certification under subsection (a) with respect to a person and 
        the person is not currently subject to sanctions with respect 
        to Iran under any other provision of law, the President shall, 
        not later than 15 days after that certification would have been 
        required under that subsection--
                    ``(A) in accordance with the International 
                Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), 
                block and prohibit all transactions in all property and 
                interests in property of that person if such property 
                and interests in property are in the United States, 
                come within the United States, or are or come within 
                the possession or control of a United States person; 
                and
                    ``(B) publish in the Federal Register a report 
                describing the reason why the President was unable to 
                make a certification with respect to that person.
            ``(2) Inapplicability of national emergency requirement.--
        The requirements under section 202 of the International 
        Emergency Economic Powers Act (50 U.S.C. 1701) shall not apply 
        for purposes of this subsection.
    ``(c) Exclusion From United States.--
            ``(1) In general.--Except as provided in paragraph (2), the 
        Secretary of State shall deny a visa to, and the Secretary of 
        Homeland Security shall exclude from the United States, any 
        alien subject to blocking of property and interests in property 
        under subsection (b).
            ``(2) Compliance with united nations headquarters 
        agreement.--Paragraph (1) shall not apply to the head of state 
        of Iran, or necessary staff of that head of state, if admission 
        to the United States is necessary to permit the United States 
        to comply with the Agreement regarding the Headquarters of the 
        United Nations, signed at Lake Success June 26, 1947, and 
        entered into force November 21, 1947, between the United 
        Nations and the United States.
    ``(d) Facilitation of Certain Transactions.--The President shall 
prohibit the opening, and prohibit or impose strict conditions on the 
maintaining, in the United States of a correspondent account or a 
payable-through account by a foreign financial institution that the 
President determines knowingly, on or after the date that is 180 days 
after the date of the enactment of the Iran Ballistic Missile Sanctions 
Act of 2018, conducts or facilitates a significant financial 
transaction for a person subject to blocking of property and interests 
in property under subsection (b).

``SEC. 235. IMPOSITION OF SANCTIONS WITH RESPECT TO CERTAIN SECTORS OF 
              IRAN THAT SUPPORT THE BALLISTIC MISSILE PROGRAM OF IRAN.

    ``(a) List of Sectors.--
            ``(1) In general.--Not later than 120 days after the date 
        of the enactment of the Iran Ballistic Missile Sanctions Act of 
        2018, and not less frequently than once every 180 days 
        thereafter, the President shall submit to the appropriate 
        committees of Congress and publish in the Federal Register a 
        list of the sectors of the economy of Iran that are directly or 
        indirectly facilitating, supporting, or involved with the 
        development of or transfer to Iran of ballistic missiles or 
        technology, parts, components, or technology information 
        relating to ballistic missiles.
            ``(2) Certain sectors.--
                    ``(A) In general.--Not later than 120 days after 
                the date of enactment of the Iran Ballistic Missile 
                Sanctions Act of 2018, the President shall submit to 
                the appropriate committees of Congress a determination 
                as to whether each of the automotive, chemical, 
                computer science, construction, electronic, energy, 
                metallurgy, mining, petrochemical, research (including 
                universities and research institutions), and 
                telecommunications sectors of Iran meet the criteria 
                specified in paragraph (1).
                    ``(B) Inclusion in initial list.--If the President 
                determines under subparagraph (A) that the sectors of 
                the economy of Iran specified in such subparagraph meet 
                the criteria specified in paragraph (1), that sector 
                shall be included in the initial list submitted and 
                published under that paragraph.
    ``(b) Sanctions With Respect to Specified Sectors of Iran.--
            ``(1) Blocking of property.--
                    ``(A) In general.--The President shall, in 
                accordance with the International Emergency Economic 
                Powers Act (50 U.S.C. 1701 et seq.), block and prohibit 
                all transactions in all property and interests in 
                property of any person described in paragraph (4) if 
                such property and interests in property are in the 
                United States, come within the United States, or are or 
                come within the possession or control of a United 
                States person.
                    ``(B) Inapplicability of national emergency 
                requirement.--The requirements under section 202 of the 
                International Emergency Economic Powers Act (50 U.S.C. 
                1701) shall not apply for purposes of this paragraph.
            ``(2) Exclusion from united states.--
                    ``(A) In general.--Except as provided in 
                subparagraph (B), the Secretary of State shall deny a 
                visa to, and the Secretary of Homeland Security shall 
                exclude from the United States, any alien that is a 
                person described in paragraph (4).
                    ``(B) Compliance with united nations headquarters 
                agreement.--Subparagraph (A) shall not apply to the 
                head of state of Iran, or necessary staff of that head 
                of state, if admission to the United States is 
                necessary to permit the United States to comply with 
                the Agreement regarding the Headquarters of the United 
                Nations, signed at Lake Success June 26, 1947, and 
                entered into force November 21, 1947, between the 
                United Nations and the United States.
            ``(3) Facilitation of certain transactions.--Except as 
        provided in this section, the President shall prohibit the 
        opening, and prohibit or impose strict conditions on the 
        maintaining, in the United States of a correspondent account or 
        a payable-through account by a foreign financial institution 
        that the President determines knowingly, on or after the date 
        that is 180 days after the date of the enactment of the Iran 
        Ballistic Missile Sanctions Act of 2018, conducts or 
        facilitates a significant financial transaction for a person 
        described in paragraph (4).
            ``(4) Persons described.--A person is described in this 
        paragraph if the President determines that the person, on or 
        after the date that is 180 days after the date of the enactment 
        of the Iran Ballistic Missile Sanctions Act of 2018--
                    ``(A) operates in a sector of the economy of Iran 
                included in the most recent list published by the 
                President under subsection (a);
                    ``(B) knowingly provides significant financial, 
                material, technological, or other support to, or goods 
                or services in support of, any activity or transaction 
                on behalf of or for the benefit of a person described 
                in subparagraph (A); or
                    ``(C) is owned or controlled by a person described 
                in subparagraph (A).
    ``(c) Humanitarian Exception.--The President may not impose 
sanctions under this section with respect to any person for conducting 
or facilitating a transaction for the sale of agricultural commodities, 
food, medicine, or medical devices to Iran or for the provision of 
humanitarian assistance to the people of Iran.

``SEC. 236. IDENTIFICATION OF FOREIGN PERSONS THAT SUPPORT THE 
              BALLISTIC MISSILE PROGRAM OF IRAN IN CERTAIN SECTORS OF 
              IRAN.

    ``(a) In General.--Not later than 120 days after the date of the 
enactment of the Iran Ballistic Missile Sanctions Act of 2018, and not 
less frequently than annually thereafter, the President shall submit to 
the appropriate committees of Congress and publish in the Federal 
Register a list of all foreign persons that have, based on credible 
information, directly or indirectly facilitated, supported, or been 
involved with the development of ballistic missiles or technology, 
parts, components, or technology information related to ballistic 
missiles in the following sectors of the economy of Iran during the 
period specified in subsection (b):
            ``(1) Automotive.
            ``(2) Chemical.
            ``(3) Computer Science.
            ``(4) Construction.
            ``(5) Electronic.
            ``(6) Energy.
            ``(7) Metallurgy.
            ``(8) Mining.
            ``(9) Petrochemical.
            ``(10) Research (including universities and research 
        institutions).
            ``(11) Telecommunications.
            ``(12) Any other sector of the economy of Iran identified 
        under section 235(a).
    ``(b) Period Specified.--The period specified in this subsection 
is--
            ``(1) with respect to the first list submitted under 
        subsection (a), the period beginning on the date of the 
        enactment of the Iran Ballistic Missile Sanctions Act of 2018 
        and ending on the date that is 120 days after such date of 
        enactment; and
            ``(2) with respect to each subsequent list submitted under 
        such subsection, the one-year period preceding the submission 
        of the list.
    ``(c) Comptroller General Report.--
            ``(1) In general.--With respect to each list submitted 
        under subsection (a), not later than 120 days after the list is 
        submitted under that subsection, the Comptroller General of the 
        United States shall submit to the appropriate committees of 
        Congress--
                    ``(A) an assessment of the processes followed by 
                the President in preparing the list;
                    ``(B) an assessment of the foreign persons included 
                in the list; and
                    ``(C) a list of persons not included in the list 
                that qualify for inclusion in the list, as determined 
                by the Comptroller General.
            ``(2) Consultations.--In preparing the report required by 
        paragraph (1), the Comptroller General shall consult with 
        nongovernmental organizations.
    ``(d) Credible Information Defined.--In this section, the term 
`credible information' has the meaning given that term in section 14 of 
the Iran Sanctions Act of 1996 (Public Law 104-172; 50 U.S.C. 1701 
note).''.
    (b) Clerical Amendment.--The table of contents for the Iran Threat 
Reduction and Syria Human Rights Act of 2012 is amended by inserting 
after the item relating to section 224 the following:

  ``Subtitle C--Measures Relating to Ballistic Missile Program of Iran

``Sec. 231. Definitions.
``Sec. 232. Imposition of sanctions with respect to persons that 
                            support the ballistic missile program of 
                            Iran.
``Sec. 233. Blocking of property of persons affiliated with certain 
                            Iranian entities.
``Sec. 234. Imposition of sanctions with respect to certain persons 
                            involved in ballistic missile activities.
``Sec. 235. Imposition of sanctions with respect to certain sectors of 
                            Iran that support the ballistic missile 
                            program of Iran.
``Sec. 236. Identification of foreign persons that support the 
                            ballistic missile program of Iran in 
                            certain sectors of Iran.''.

SEC. 306. EXPANSION OF MANDATORY SANCTIONS WITH RESPECT TO FINANCIAL 
              INSTITUTIONS THAT ENGAGE IN CERTAIN TRANSACTIONS RELATING 
              TO BALLISTIC MISSILE CAPABILITIES OF IRAN.

    Section 104 of the Comprehensive Iran Sanctions, Accountability, 
and Divestment Act of 2010 (22 U.S.C. 8513) is amended--
            (1) in subsection (c)(2)--
                    (A) in subparagraph (A)--
                            (i) in clause (i), by striking ``; or'' and 
                        inserting a semicolon;
                            (ii) by redesignating clause (ii) as clause 
                        (iii); and
                            (iii) by inserting after clause (i) the 
                        following:
                            ``(ii) to acquire or develop ballistic 
                        missiles and capabilities and launch technology 
                        relating to ballistic missiles; or''; and
                    (B) in subparagraph (E)(ii)--
                            (i) in subclause (I), by striking ``; or'' 
                        and inserting a semicolon;
                            (ii) by redesignating subclause (II) as 
                        subclause (III); and
                            (iii) by inserting after subclause (I) the 
                        following:
                                    ``(II) Iran's development of 
                                ballistic missiles and capabilities and 
                                launch technology relating to ballistic 
                                missiles; or''; and
            (2) in subsection (f)--
                    (A) by redesignating paragraphs (1) and (2) as 
                subparagraphs (A) and (B), respectively, and moving 
                those subparagraphs, as so redesignated, two ems to the 
                right;
                    (B) by striking ``Waiver.--The'' and inserting 
                ``Waiver.--
            ``(1) In general.--Except as provided in paragraph (2), 
        the''; and
                    (C) by adding at the end the following:
            ``(2) Exception.--The Secretary of the Treasury may not 
        waive under paragraph (1) the application of a prohibition or 
        condition imposed with respect to an activity described in 
        subparagraph (A)(ii) or (E)(ii)(II) of subsection (c)(2).''.

SEC. 307. REGULATIONS.

    Not later than 90 days after the date of the enactment of this Act, 
the President shall prescribe regulations to carry out this title and 
the amendments made by this title.
                                 <all>
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