H. R. 3107—8
(D) a statement as to the response of the United States
in the event that the person concerned engages in other
activities that would be subject to section 5(a) or (b).
(3) EFFECT OF REPORT ON WAIVER.—If the President makes
a report under paragraph (1) with respect to a waiver of sanc-
tions on a person described in section 5(c), sanctions need
not be imposed under section 5(a) or (b) on that person during
the 30-day period referred to in paragraph (1).
SEC. 10. REPORTS REQUIRED.
(a) REPORT ON CERTAIN INTERNATIONAL INITIATIVES.—Not later
than 6 months after the date of the enactment of this Act, and
every 6 months thereafter, the President shall transmit a report
to the appropriate congressional committees describing—
(1) the efforts of the President to mount a multilateral
campaign to persuade all countries to pressure Iran to cease
its nuclear, chemical, biological, and missile weapons programs
and its support of acts of international terrorism;
(2) the efforts of the President to persuade other govern-
ments to ask Iran to reduce the presence of Iranian diplomats
and representatives of other government and military or quasi-
governmental institutions of Iran and to withdraw any such
diplomats or representatives who participated in the takeover
of the United States embassy in Tehran on November 4, 1979,
or the subsequent holding of United States hostages for 444
days;
(3) the extent to which the International Atomic Energy
Agency has established regular inspections of all nuclear facili-
ties in Iran, including those presently under construction; and
(4) Iran’s use of Iranian diplomats and representatives
of other government and military or quasi-governmental
institutions of Iran to promote acts of international terrorism
or to develop or sustain Iran’s nuclear, chemical, biological,
and missile weapons programs.
(b) OTHER REPORTS.—The President shall ensure the continued
transmittal to the Congress of reports describing—
(1) the nuclear and other military capabilities of Iran,
as required by section 601(a) of the Nuclear Non-Proliferation
Act of 1978 and section 1607 of the National Defense Authoriza-
tion Act for Fiscal Year 1993; and
(2) the support provided by Iran for acts of international
terrorism, as part of the Department of State’s annual report
on international terrorism.
SEC. 11. DETERMINATIONS NOT REVIEWABLE.
A determination to impose sanctions under this Act shall not
be reviewable in any court.
SEC. 12. EXCLUSION OF CERTAIN ACTIVITIES.
Nothing in this Act shall apply to any activities subject to
the reporting requirements of title V of the National Security Act
of 1947.
SEC. 13. EFFECTIVE DATE; SUNSET.
(a) EFFECTIVE DATE.—This Act shall take effect on the date
of the enactment of this Act.
(b) SUNSET.—This Act shall cease to be effective on the date
that is 5 years after the date of the enactment of this Act.
H. R. 3107—9
SEC. 14. DEFINITIONS.
As used in this Act:
(1) ACT OF INTERNATIONAL TERRORISM.—The term ‘‘act of
international terrorism’’ means an act—
(A) which is violent or dangerous to human life and
that is a violation of the criminal laws of the United States
or of any State or that would be a criminal violation if
committed within the jurisdiction of the United States or
any State; and
(B) which appears to be intended—
(i) to intimidate or coerce a civilian population;
(ii) to influence the policy of a government by
intimidation or coercion; or
(iii) to affect the conduct of a government by assas-
sination or kidnapping.
(2) APPROPRIATE CONGRESSIONAL COMMITTEES.—The term
‘‘appropriate congressional committees’’ means the Committee
on Finance, the Committee on Banking, Housing, and Urban
Affairs, and the Committee on Foreign Relations of the Senate
and the Committee on Ways and Means, the Committee on
Banking and Financial Services, and the Committee on Inter-
national Relations of the House of Representatives.
(3) COMPONENT PART.—The term ‘‘component part’’ has the
meaning given that term in section 11A(e)(1) of the Export
Administration Act of 1979 (50 U.S.C. App. 2410a(e)(1)).
(4) DEVELOP
AND
DEVELOPMENT.—To ‘‘develop’’, or the
‘‘development’’ of, petroleum resources means the exploration
for, or the extraction, refining, or transportation by pipeline
of, petroleum resources.
(5) FINANCIAL INSTITUTION.—The term ‘‘financial institu-
tion’’ includes—
(A) a depository institution (as defined in section 3(c)(1)
of the Federal Deposit Insurance Act), including a branch
or agency of a foreign bank (as defined in section 1(b)(7)
of the International Banking Act of 1978);
(B) a credit union;
(C) a securities firm, including a broker or dealer;
(D) an insurance company, including an agency or
underwriter; and
(E) any other company that provides financial services.
(6) FINISHED PRODUCT.—The term ‘‘finished product’’ has
the meaning given that term in section 11A(e)(2) of the Export
Administration Act of 1979 (50 U.S.C. App. 2410a(e)(2)).
(7) FOREIGN PERSON.—The term ‘‘foreign person’’ means—
(A) an individual who is not a United States person
or an alien lawfully admitted for permanent residence into
the United States; or
(B) a corporation, partnership, or other nongovern-
mental entity which is not a United States person.
(8) GOODS AND TECHNOLOGY.—The terms ‘‘goods’’ and ‘‘tech-
nology’’ have the meanings given those terms in section 16
of the Export Administration Act of 1979 (50 U.S.C. App. 2415).
(9) INVESTMENT.—The term ‘‘investment’’ means any of
the following activities if such activity is undertaken pursuant
to an agreement, or pursuant to the exercise of rights under
such an agreement, that is entered into with the Government
of Iran or a nongovenmental entity in Iran, or with the Govern-
H. R. 3107—10
ment of Libya or a nongovernmental entity in Libya, on or
after the date of the enactment of this Act:
(A) The entry into a contract that includes responsibil-
ity for the development of petroleum resources located in
Iran or Libya (as the case may be), or the entry into
a contract providing for the general supervision and
guarantee of another person’s performance of such a con-
tract.
(B) The purchase of a share of ownership, including
an equity interest, in that development.
(C) The entry into a contract providing for the partici-
pation in royalties, earnings, or profits in that development,
without regard to the form of the participation.
The term ‘‘investment’’ does not include the entry into, perform-
ance, or financing of a contract to sell or purchase goods,
services, or technology.
(10) IRAN.—The term ‘‘Iran’’ includes any agency or
instrumentality of Iran.
(11) IRANIAN DIPLOMATS AND REPRESENTATIVES OF OTHER
GOVERNMENT AND MILITARY OR QUASI-GOVERNMENTAL INSTITU-
TIONS OF IRAN.—The term ‘‘Iranian diplomats and representa-
tives of other government and military or quasi-governmental
institutions of Iran’’ includes employees, representatives, or
affiliates of Iran’s—
(A) Foreign Ministry;
(B) Ministry of Intelligence and Security;
(C) Revolutionary Guard Corps;
(D) Crusade for Reconstruction;
(E) Qods (Jerusalem) Forces;
(F) Interior Ministry;
(G) Foundation for the Oppressed and Disabled;
(H) Prophet’s Foundation;
(I) June 5th Foundation;
(J) Martyr’s Foundation;
(K) Islamic Propagation Organization; and
(L) Ministry of Islamic Guidance.
(12) LIBYA.—The term ‘‘Libya’’ includes any agency or
instrumentality of Libya.
(13) NUCLEAR EXPLOSIVE DEVICE.—The term ‘‘nuclear explo-
sive device’’ means any device, whether assembled or disassem-
bled, that is designed to produce an instantaneous release
of an amount of nuclear energy from special nuclear material
(as defined in section 11(aa) of the Atomic Energy Act of 1954)
that is greater than the amount of energy that would be
released from the detonation of one pound of trinitrotoluene
(TNT).
(14) PERSON.—The term ‘‘person’’ means—
(A) a natural person;
(B) a corporation, business association, partnership,
society, trust, any other nongovernmental entity, organiza-
tion, or group, and any governmental entity operating as
a business enterprise; and
(C) any successor to any entity described in subpara-
graph (B).
(15) 
PETROLEUM
RESOURCES.—The 
term 
‘‘petroleum
resources’’ includes petroleum and natural gas resources.
H. R. 3107—11
(16) UNITED STATES OR STATE.—The term ‘‘United States’’
or ‘‘State’’ means 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.
(17) UNITED STATES PERSON.—The term ‘‘United States per-
son’’ means—
(A) a natural person who is a citizen of the United
States or who owes permanent allegiance to the United
States; and
(B) a corporation or other legal entity which is orga-
nized under the laws of the United States, any State or
territory thereof, or the District of Columbia, if natural
persons described in subparagraph (A) own, directly or
indirectly, more than 50 percent of the outstanding capital
stock or other beneficial interest in such legal entity.
Speaker of the House of Representatives.
Vice President of the United States and
President of the Senate.