I 
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 consider-
ation 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 Representa-
tives 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’’. 
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(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 RE-
SPECT TO IRAN THAT WERE WAIVED, SUSPENDED, REDUCED, 
OR OTHERWISE RELIEVED PURSUANT TO THE JOINT COM-
PREHENSIVE 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 bal-
listic 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 mis-
siles. 
Sec. 305. Imposition of sanctions with respect to ballistic missile program of 
Iran. 
Sec. 306. Expansion of mandatory sanctions with respect to financial institu-
tions 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 sus-
tained and well-documented pattern of illicit and de-
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ceptive activities to acquire a nuclear weapons capa-
bility. 
(3) It is the policy of the United States to pre-
vent Iran from acquiring a nuclear weapons capa-
bility. 
(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 vio-
lations, including the persecution of religious minori-
ties 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 
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international community a legitimate inspections re-
gime to monitor Iran’s nuclear program. 
(9) The Joint Comprehensive Plan of Action al-
lows key restraints on Iran’s nuclear program to ex-
pire 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 Resolu-
tion 2231 (2015), which endorses the Joint Com-
prehensive Plan of Action, allows for lifting inter-
national restrictions on Iran with regards to conven-
tional 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-spon-
sor of international terrorism, and Iran’s unjust im-
prisonment of innocent United States citizens. 
(12) On numerous occasions, Iran has violated 
both the letter and the spirit of the Joint Com-
prehensive Plan of Action and its related agreements 
by exceeding the limits of heavy water production, 
testing ballistic missiles, seeking to acquire poten-
tially illicit materials outside the mandatory procure-
ment channel, and sending arms to terrorist groups 
around the Middle East. 
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(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 vi-
olence and executions against pro-democracy protest-
ors 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 sat-
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ellite 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 ura-
nium and plutonium pathways to nuclear weaponiza-
tion; and 
(7) seek a United Nations Security Council res-
olution permanently extending prohibitions on Iran’s 
ballistic missile and arms embargo as found in para-
graphs 3 and 4 of Annex B of United Nations Secu-
rity Council Resolution 2231 (2015). 
SEC. 4. DEFINITIONS. 
In this Act: 
(1) APPROPRIATE
CONGRESSIONAL
COMMIT-
TEES.—The term ‘‘appropriate congressional com-
mittees’’ 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. 
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(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, Ger-
many, the Russian Federation, the United Kingdom 
and the United States, with the High Representative 
of the European Union for Foreign Affairs and Se-
curity 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 Agree-
ment 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 in-
dividual or entity. 
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TITLE I—IMPOSITION OF SANC-
TIONS 
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 con-
trolled 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; 
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(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
EMER-
GENCY REQUIREMENT.—The requirements of section 
202 of the International Emergency Economic Pow-
ers Act (50 U.S.C. 1701) shall not apply for pur-
poses 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 law-
fully admitted for permanent residence to the 
United States; or 
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(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 con-
trol’’ 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, poli-
cies, 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 Reg-
ister 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 in-
terest 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 
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Secretary of the Treasury shall submit to Congress a re-
port 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, SUS-
PENDED, 
REDUCED, 
OR 
OTHERWISE 
RE-
LIEVED PURSUANT TO THE JOINT COM-
PREHENSIVE 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 be-
ginning 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 
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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 bal-
listic missiles designed to be capable of deliv-
ering nuclear weapons, including launches using 
ballistic missile technology; 
(B) undertaken any activity to— 
(i) produce sufficient weapons-grade 
uranium or plutonium for a nuclear weap-
on 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 ad-
vanced centrifuges; and 
(iii) build new heavy water facilities or 
restore currently established facilities to 
operating capacity; and 
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(D) denied the international community 
unfettered, unannounced, and indefinite access 
to Iran’s nuclear program, including ‘‘any-
where, anytime’’ access and inspections of 
places, personnel, and paperwork, including 
physical access by the International Atomic En-
ergy Agency to all suspicious sites, including 
military facilities, to monitor both overt and 
covert attempts by Iran develop a nuclear weap-
on; and 
(2) the Government of Iran has— 
(A) ratified and implemented the Addi-
tional Protocol to the NPT Safeguards Agree-
ment; and 
(B) provided complete and full disclosure 
of the extent of Iran’s nuclear activities, includ-
ing 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 
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sanctions imposed with respect to Iran pursuant to sub-
section (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 re-
lieved 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 pur-
suant 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 OR-
DERS.—Any sanctions imposed with respect to Iran 
pursuant to the Executive orders described in sub-
section (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 
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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 provi-
sions 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 Execu-
tive orders described in this subsection are the following: 
(1) Executive Order 13574 of May 23, 2011 
(Authorizing the Implementation of Certain Sanc-
tions Set Forth in the Iran Sanctions Act of 1996); 
(2) Executive Order 13590 of November 20, 
2011 (Authorizing the Imposition of Certain Sanc-
tions With Respect to the Provision of Goods, Serv-
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ices, 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 Sanc-
tions 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 Imple-
mentation 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 rep-
resents a serious threat to allies of the United States 
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in the Middle East and Europe, members of the 
Armed Forces deployed in the those regions, and ul-
timately the United States; 
(2) the testing and production by Iran of bal-
listic 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 inter-
continental ballistic missile that could threaten the 
United States, and the Director of National Intel-
ligence has assessed that Iran would use ballistic 
missiles as its ‘‘preferred method of delivering nu-
clear 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. 
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SEC. 303. EXPANSION OF SANCTIONS WITH RESPECT TO EF-
FORTS BY IRAN TO ACQUIRE BALLISTIC MIS-
SILE 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.—Sec-
tion 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)— 
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(A) in subclause (I), by striking ‘‘; or’’ and 
inserting a semicolon; 
(B) by redesignating subclause (II) as sub-
clause (III); and 
(C) by inserting after subclause (I) the fol-
lowing: 
‘‘(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 strik-
ing ‘‘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 Reduc-
tion and Syria Human Rights Act of 2012 (22 U.S.C. 
8721 et seq.) is amended by adding at the end the fol-
lowing: 
‘‘Subtitle C—Measures Relating to 
Ballistic Missile Program of Iran 
‘‘SEC. 231. DEFINITIONS. 
‘‘(a) IN GENERAL.—In this subtitle: 
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‘‘(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
CON-
GRESS.—The term ‘appropriate committees of Con-
gress’ 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 ac-
count’ and ‘payable-through account’ have the mean-
ings 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 Com-
prehensive Iran Sanctions, Accountability, and Di-
vestment Act of 2010 (22 U.S.C. 8513(i)). 
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‘‘(5) GOOD.—The term ‘good’ has the meaning 
given that term in section 16 of the Export Adminis-
tration 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 agen-
cies or instrumentalities of that Government and any 
entities controlled by that Government. 
‘‘(7) MEDICAL DEVICE.—The term ‘medical de-
vice’ has the meaning given the term ‘device’ in sec-
tion 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 pur-
poses of this subtitle, in determining if financial trans-
actions 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). 
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‘‘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 fre-
quently 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 Con-
gress a report identifying persons that have know-
ingly aided the Government of Iran in the develop-
ment 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 per-
sons) that have knowingly aided the Govern-
ment 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; 
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‘‘(ii) knowingly facilitated, supported, 
or engaged in activities to further the de-
velopment of such program; 
‘‘(iii) knowingly transmitted informa-
tion 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 pro-
gram. 
‘‘(C) An assessment of the cooperation of 
the Government of the Democratic People’s Re-
public of Korea with the Government of Iran 
with respect to such program. 
‘‘(3) CLASSIFIED
ANNEX.—Each report re-
quired by paragraph (1) shall be submitted in un-
classified 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 
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U.S.C. 1701 et seq.), block and prohibit all trans-
actions 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 with-
in the possession or control of a United States per-
son. 
‘‘(2) INAPPLICABILITY
OF
NATIONAL
EMER-
GENCY
REQUIREMENT.—The requirements under 
section 202 of the International Emergency Eco-
nomic 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 para-
graph (2), the Secretary of State shall deny a visa 
to, and the Secretary of Homeland Security shall ex-
clude 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 
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Headquarters of the United Nations, signed at Lake 
Success June 26, 1947, and entered into force No-
vember 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 Presi-
dent determines knowingly, on or after the date that is 
180 days after the date of the enactment of the Iran Bal-
listic 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 sub-
section (b). 
‘‘SEC. 233. BLOCKING OF PROPERTY OF PERSONS AFFILI-
ATED WITH CERTAIN IRANIAN ENTITIES. 
‘‘(a) BLOCKING OF PROPERTY.— 
‘‘(1) IN GENERAL.—The President shall, in ac-
cordance with the International Emergency Eco-
nomic Powers Act (50 U.S.C. 1701 et seq.), block 
and prohibit all transactions in all property and in-
terests in property of any person described in para-
graph (3) if such property and interests in property 
are in the United States, come within the United 
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States, or are or come within the possession or con-
trol of a United States person. 
‘‘(2) INAPPLICABILITY
OF
NATIONAL
EMER-
GENCY
REQUIREMENT.—The requirements under 
section 202 of the International Emergency Eco-
nomic Powers Act (50 U.S.C. 1701) shall not apply 
for purposes of this subsection. 
‘‘(3) PERSONS
DESCRIBED.—A person de-
scribed 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 Or-
ganization, the Shahid Hemmat Industrial 
Group, the Shahid Bakeri Industrial 
Group, or any agent or affiliate of such or-
ganization or group; or 
‘‘(ii) collectively by a group of individ-
uals 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; 
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‘‘(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 Presi-
dent determines knowingly, on or after the date that is 
180 days after the date of the enactment of the Iran Bal-
listic 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 sub-
section (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 fre-
quently than annually thereafter, the Secretary of 
the Treasury shall submit to the appropriate com-
mittees of Congress and publish in the Federal Reg-
ister a list of— 
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‘‘(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 organi-
zation 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 organi-
zation or group does not have an ownership in-
terest 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 para-
graph (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— 
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