‘‘(3) DEFINITION
OF
CREDIBLE
INFORMA-
TION.—For the purposes of this subsection, the term 
‘credible information’ means public or classified in-
formation or reporting supported by other substan-
tiating evidence.’’. 
(2) EXCEPTION FOR PROLIFERATION SECURITY 
INITIATIVE.—Section 5(f) of the Iran Sanctions Act 
of 1996 (50 U.S.C. 1701 note) is amended— 
(A) in paragraph (6), by striking ‘‘or’’ at 
the end; 
(B) in paragraph (7), by striking the pe-
riod at the end and inserting ‘‘; or’’; and 
(C) by adding at the end the following new 
paragraph: 
‘‘(8) if the President determines in writing that 
the person to which the sanctions would otherwise be 
applied is— 
‘‘(A) a citizen or resident of a country that 
is a participant in the Proliferation Security 
Initiative; or 
‘‘(B) a foreign person that is organized 
under the laws of a country described in sub-
paragraph (A) and is a subsidiary of a United 
States person.’’. 
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(3) GENERAL
WAIVER
AUTHORITY.—Section 
9(c)(1) of the Iran Sanctions Act of 1996 (50 
U.S.C. 1701 note) is amended by striking ‘‘impor-
tant to the national interest of the United States’’ 
and inserting ‘‘vital to the national security interest 
of the United States’’. 
(4) RULE
OF
CONSTRUCTION.—The amend-
ments made by this subsection shall not be con-
strued to affect any exercise of the authority of sec-
tion 4(f) or section 9(c) of the Iran Sanctions Act 
of 1996 as in effect on the day before the date of 
the enactment of this Act. 
(e) REPORTS ON UNITED STATES EFFORTS TO CUR-
TAIL CERTAIN BUSINESS TRANSACTIONS RELATING TO 
IRAN.—Section 10 of such Act is amended by adding at 
the end the following: 
‘‘(d) REPORTS
ON
CERTAIN
BUSINESS
TRANS-
ACTIONS RELATING TO IRAN.— 
‘‘(1) IN
GENERAL.—Not later than 90 days 
after the date of the enactment of the Iran Refined 
Petroleum Sanctions Act of 2009, and every 6 
months thereafter, the President shall submit a re-
port to the appropriate congressional committees re-
garding any person who has— 
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‘‘(A) provided Iran with refined petroleum 
resources; 
‘‘(B) sold, leased, or provided to Iran any 
goods, services, or technology that would allow 
Iran to maintain or expand its domestic produc-
tion of refined petroleum resources; or 
‘‘(C) engaged in any activity that could 
contribute to the enhancement of Iran’s ability 
to import refined petroleum resources. 
‘‘(2) DESCRIPTION.—For each activity set forth 
in subparagraphs (A) through (C) of paragraph (1), 
the President shall provide a complete and detailed 
description of such activity, including— 
‘‘(A) the date or dates of such activity; 
‘‘(B) the name of any persons who partici-
pated or invested in or facilitated such activity; 
‘‘(C) the United States domiciliary of the 
persons referred to in subparagraph (B); 
‘‘(D) any Federal Government contracts to 
which the persons referred to in subparagraph 
(B) are parties; and 
‘‘(E) the steps taken by the United States 
to respond to such activity. 
‘‘(3) FORM OF REPORTS; PUBLICATION.—The 
reports required under this subsection shall be— 
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‘‘(A) submitted in unclassified form, but 
may contain a classified annex; and 
‘‘(B) published in the Federal Register.’’. 
(f) CLARIFICATION
AND EXPANSION
OF DEFINI-
TIONS.—Section 14 of such Act is amended— 
(1) in paragraph (13)(B)— 
(A) by inserting ‘‘financial institution, in-
surer, underwriter, guarantor, any other busi-
ness organization, including any foreign sub-
sidiary, parent, or affiliate of such a business 
organization,’’ after ‘‘trust,’’; and 
(B) by inserting ‘‘, such as an export cred-
it agency’’ before the semicolon at the end; and 
(2) by amending paragraph (14) to read as fol-
lows: 
‘‘(14) PETROLEUM RESOURCES.— 
‘‘(A) IN GENERAL.—The term ‘petroleum 
resources’ includes petroleum, petroleum by- 
products, oil or liquefied natural gas, oil or liq-
uefied natural gas tankers, and products used 
to construct or maintain pipelines used to 
transport oil or compressed or liquefied natural 
gas. 
‘‘(B) 
PETROLEUM
BY-PRODUCTS.—The 
term ‘petroleum by-products’ means gasoline, 
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kerosene, distillates, propane or butane gas, die-
sel fuel, residual fuel oil, and other goods classi-
fied in headings 2709 and 2710 of the Har-
monized Tariff Schedule of the United States.’’. 
(g) CONFORMING AMENDMENTS.— 
(1) MULTILATERAL
REGIME.—Section 4 of 
such Act is amended— 
(A) in subsection (b)(2), by striking ‘‘(in 
addition to that provided in subsection (d))’’; 
and 
(B) by striking subsection (d) and redesig-
nating subsections (e) and (f) as subsections (d) 
and (e), respectively. 
(2) IMPOSITIONS OF SANCTIONS.—Section 5(b) 
of such Act is amended by striking ‘‘section 6’’ and 
inserting ‘‘section 6(a)’’. 
Æ 
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