I 
114TH CONGRESS 
2D SESSION 
H. R. 4342 
To impose sanctions on persons that transfer to or from Iran advanced 
conventional weapons or ballistic missiles, or technology, parts, compo-
nents, or technical information related to advanced conventional weapons 
or ballistic missiles. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 7, 2016 
Mr. DELANEY (for himself and Mr. KENNEDY) introduced the following bill; 
which was referred to the Committee on Foreign Affairs, and in addition 
to the Committees on Financial Services, the Judiciary, and Oversight 
and Government Reform, for a period to be subsequently determined by 
the Speaker, in each case for consideration of such provisions as fall with-
in the jurisdiction of the committee concerned 
A BILL 
To impose sanctions on persons that transfer to or from 
Iran advanced conventional weapons or ballistic missiles, 
or technology, parts, components, or technical informa-
tion related to advanced conventional weapons or ballistic 
missiles. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Iran Ballistic Missile 
Prevention and Sanctions Act of 2016’’. 
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SEC. 2. SANCTIONS ON PERSONS THAT TRANSFER TO OR 
FROM 
IRAN 
ADVANCED 
CONVENTIONAL 
WEAPONS OR BALLISTIC MISSILES, OR TECH-
NOLOGY, PARTS, COMPONENTS, OR TECH-
NICAL 
INFORMATION 
RELATED 
TO 
AD-
VANCED CONVENTIONAL WEAPONS OR BAL-
LISTIC MISSILES. 
(a) IN GENERAL.—The President shall impose 5 or 
more of the sanctions described in subsection (b)(1) with 
respect to a person if the President determines that the 
person knowingly, on or after the date of enactment of 
this Act, transfers to or from Iran advanced conventional 
weapons or ballistic missiles, or technology, parts, compo-
nents, or technical information related to advanced con-
ventional weapons or ballistic missiles. For purposes of 
this section, any person or entity described in this sub-
section shall be referred to as a ‘‘sanctioned person’’. 
(b) SANCTIONS.— 
(1) IN GENERAL.—The sanctions to be imposed 
on a sanctioned person under subsection (a) are as 
follows: 
(A) EXPORT-IMPORT
BANK
ASSISTANCE 
FOR EXPORTS TO SANCTIONED PERSONS.—The 
President may direct the Export-Import Bank 
of the United States not to give approval to the 
issuance of any guarantee, insurance, extension 
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of credit, or participation in the extension of 
credit in connection with the export of any 
goods or services to any sanctioned person. 
(B) EXPORT
SANCTION.—The President 
may order the United States Government not to 
issue any specific license and not to grant any 
other specific permission or authority to export 
any goods or technology to a sanctioned person 
under— 
(i) the Export Administration Act of 
1979 (as continued in effect under the 
International Emergency Economic Powers 
Act); 
(ii) the Arms Export Control Act; 
(iii) the Atomic Energy Act of 1954; 
or 
(iv) any other statute that requires 
the prior review and approval of the 
United States Government as a condition 
for the export or reexport of goods or serv-
ices. 
(C) LOANS FROM UNITED STATES FINAN-
CIAL INSTITUTIONS.—The United States Gov-
ernment may prohibit any United States finan-
cial institution from making loans or providing 
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credits to any sanctioned person totaling more 
than $10,000,000 in any 12-month period un-
less such person is engaged in activities to re-
lieve human suffering and the loans or credits 
are provided for such activities. 
(D) PROHIBITIONS ON FINANCIAL INSTI-
TUTIONS.—The following prohibitions may be 
imposed against a sanctioned person that is a 
financial institution: 
(i) PROHIBITION ON DESIGNATION AS 
PRIMARY DEALER.—Neither the Board of 
Governors of the Federal Reserve System 
nor the Federal Reserve Bank of New 
York may designate, or permit the continu-
ation of any prior designation of, such fi-
nancial institution as a primary dealer in 
United States Government debt instru-
ments. 
(ii) PROHIBITION ON SERVICE AS A 
REPOSITORY
OF
GOVERNMENT
FUNDS.— 
Such financial institution may not serve as 
agent of the United States Government or 
serve as repository for United States Gov-
ernment funds. 
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The imposition of either sanction under clause 
(i) or (ii) shall be treated as 1 sanction for pur-
poses of subsection (a), and the imposition of 
both such sanctions shall be treated as 2 sanc-
tions for purposes of subsection (a). 
(E) 
PROCUREMENT
SANCTION.—The 
United States Government may not procure, or 
enter into any contract for the procurement of, 
any goods or services from a sanctioned person. 
(F) FOREIGN EXCHANGE.—The President 
may, pursuant to such regulations as the Presi-
dent may prescribe, prohibit any transactions in 
foreign exchange that are subject to the juris-
diction of the United States and in which the 
sanctioned person has any interest. 
(G) BANKING TRANSACTIONS.—The Presi-
dent may, pursuant to such regulations as the 
President may prescribe, prohibit any transfers 
of credit or payments between financial institu-
tions or by, through, or to any financial institu-
tion, to the extent that such transfers or pay-
ments are subject to the jurisdiction of the 
United States and involve any interest of the 
sanctioned person. 
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(H) 
PROPERTY
TRANSACTIONS.—The 
President may, pursuant to such regulations as 
the President may prescribe, prohibit any per-
son from— 
(i) acquiring, holding, withholding, 
using, transferring, withdrawing, trans-
porting, importing, or exporting any prop-
erty that is subject to the jurisdiction of 
the United States and with respect to 
which the sanctioned person has any inter-
est; 
(ii) dealing in or exercising any right, 
power, or privilege with respect to such 
property; or 
(iii) conducting any transaction in-
volving such property. 
(I) BAN ON INVESTMENT IN EQUITY OR 
DEBT OF SANCTIONED PERSON.—The President 
may, pursuant to such regulations or guidelines 
as the President may prescribe, prohibit any 
United States person from investing in or pur-
chasing significant amounts of equity or debt 
instruments of a sanctioned person. 
(J) EXCLUSION
OF
CORPORATE
OFFI-
CERS.—The President may direct the Secretary 
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of State to deny a visa to, and the Secretary of 
Homeland Security to exclude from the United 
States, any alien that the President determines 
is a corporate officer or principal of, or a share-
holder with a controlling interest in, a sanc-
tioned person. 
(K) SANCTIONS ON PRINCIPAL EXECUTIVE 
OFFICERS.—The President may impose on the 
principal executive officer or officers of any 
sanctioned person, or on persons performing 
similar functions and with similar authorities as 
such officer or officers, any of the sanctions 
under this paragraph. 
(2) INCLUSION
OF
LIST
OF
SPECIALLY
DES-
IGNATED NATIONALS AND BLOCKED PERSONS.—The 
President shall, pursuant to Executive Order 12938 
and 13382, include a person who is a sanctioned 
person under subsection (a) on the list of specially 
designated nationals and blocked persons maintained 
by the Office of Foreign Assets Control of the De-
partment of the Treasury. 
(c) WAIVER.—The President may waive the applica-
tion of sanctions under this section, on a case by case 
basis, if the President determines it is in the national secu-
rity interests of the United States to do so and, not less 
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than 15 days in advance of the issuance of such waiver, 
submits to Congress justification of the waiver in writing 
(d) DEFINITIONS.—In this section, the terms ‘‘finan-
cial institution’’, ‘‘Iran’’, ‘‘knowingly’’, ‘‘person’’, and 
‘‘United States person’’ have the meanings given such 
terms in section 14 of the Iran Sanctions Act of 1996 
(Public Law 104–172; 50 U.S.C. note). 
Æ 
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