To amend the Iran Threat Reduction and Syria Human Rights Act of 2012 to modify the requirement to impose sanctions with respect to the provision of specialized financial messaging services to the Central Bank of Iran and other sanctioned Iranian financial institutions, and for other purposes.

To amend the Iran Threat Reduction and Syria Human Rights Act of 2012 to modify the requirement to impose sanctions with respect to the provision of specialized financial messaging services to the Central Bank of Iran and other sanctioned Iranian financial institutions, and for other purposes. 1. Modification of requirement to impose sanctions with respect to the provision of specialized financial messaging services to the Central Bank of Iran and other sanctioned Iranian financial institutions (a) In general Section 220(c) of the Iran Threat Reduction and Syria Human Rights Act of 2012 ( 22 U.S.C. 8726(c) (1) by redesignating paragraph (2) as paragraph (3); (2) in paragraph (1)— (A) by striking paragraph (2) paragraph (3) (B) by striking the President may impose the President shall impose sanctions pursuant to that section, the International Emergency Economic Powers Act ( 50 U.S.C. 1701 (3) by inserting after paragraph (1) the following: (2) Exclusion from the United States and revocation of visa or other documentation (A) In general The sanctions described in this paragraph are, in the case of an alien determined by the President to be a senior executive or member of the board of directors of a person described in paragraph (1), denial of a visa to, and exclusion from the United States of, the alien, and revocation in accordance with section 221(i) of the Immigration and Nationality Act ( 8 U.S.C. 1201(i) (B) Definition In this paragraph, the term alien 8 U.S.C. 1101 . (b) Effective date The amendments made by subsection (a) take effect on the date of the enactment of this Act and apply with respect to any person that engages in any of the activities described in paragraph (1) of section 220(c) of the Iran Threat Reduction and Syria Human Rights Act of 2012 on or after such date of enactment. 2. Prohibition on waiver of sanctions with respect to the provision of specialized financial messaging services to the Central Bank of Iran and other sanctioned Iranian financial institutions Notwithstanding any other provision of law, the President, on or after the date of the enactment of this Act, may not waive the requirement to impose sanctions under section 220(c) of the Iran Threat Reduction and Syria Human Rights Act of 2012 (as amended by section 1 of this Act).

Summary: This bill changes the current discretionary authority to a requirement that the President impose sanctions under the Iran Threat Reduction and Syria Human Rights Act of 2012 with respect to the provision of specialized financial messaging services to the Central Bank of Iran and other sanctioned Iranian financial institutions. This requirement may not be waived. Sanctions are expanded to include, in the case of an alien who is a senior executive or member of the board of directors of a person that provides such messaging services, visa denial and exclusion from the United States, and revocation of any visa or other documentation.