SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Iran Threat Reduction Act of 2011’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
Sec. 1. Short title; table of contents. 
Sec. 2. Findings. 
Sec. 3. Statement of policy. 
TITLE I—IRAN ENERGY SANCTIONS 
Sec. 101. Findings. 
Sec. 102. Sense of Congress. 
Sec. 103. Declaration of policy. 
Sec. 104. Multilateral regime. 
Sec. 105. Imposition of sanctions. 
Sec. 106. Description of sanctions. 
Sec. 107. Advisory opinions. 
Sec. 108. Termination of sanctions. 
Sec. 109. Duration of sanctions. 
Sec. 110. Reports required. 
Sec. 111. Determinations not reviewable. 
Sec. 112. Definitions. 
Sec. 113. Effective date. 
Sec. 114. Repeal. 
TITLE II—IRAN FREEDOM SUPPORT 
Sec. 201. Codification of sanctions. 
Sec. 202. Liability of parent companies for violations of sanctions by foreign 
subsidiaries. 
Sec. 203. Declaration of Congress regarding United States policy toward Iran. 
Sec. 204. Assistance to support democracy in Iran. 
Sec. 205. Imposition of sanctions on certain persons who are responsible for or 
complicit in human rights abuses committed against citizens of 
Iran or their family members after the June 12, 2009, elec-
tions in Iran. 
Sec. 206. Clarification of sensitive technologies for purposes of procurement 
ban. 
Sec. 207. Comprehensive strategy to promote internet freedom and access to in-
formation in Iran. 
TITLE III—IRAN REGIME AND IRAN’S ISLAMIC REVOLUTIONARY 
GUARD CORPS ACCOUNTABILITY 
Sec. 301. Iran’s Islamic Revolutionary Guard Corps. 
Sec. 302. Additional export sanctions against Iran. 
Sec. 303. Sanctions against affiliates of Iran’s Islamic Revolutionary Guard 
Corps. 
Sec. 304. Measures against foreign persons or entities supporting Iran’s Islamic 
Revolutionary Guard Corps.
Sec. 305. Special measures against foreign countries supporting Iran’s Islamic 
Revolutionary Guard Corps. 
Sec. 306. Authority of State and local governments to restrict contracts or li-
censes for certain sanctionable persons. 
Sec. 307. Iranian activities in Iraq and Afghanistan. 
Sec. 308. United States policy toward Iran. 
Sec. 309. Definitions. 
Sec. 310. Rule of construction. 
TITLE IV—IRAN FINANCIAL SANCTIONS; DIVESTMENT FROM 
CERTAIN COMPANIES THAT INVEST IN IRAN; AND PREVENTION 
OF DIVERSION OF CERTAIN GOODS, SERVICES, AND TECH-
NOLOGIES TO IRAN 
Sec. 401. Iran financial sanctions. 
Sec. 402. Divestment from certain companies that invest in Iran. 
Sec. 403. Prevention of diversion of certain goods, services, and technologies to 
Iran. 
TITLE V—SECURITIES AND EXCHANGE COMMISSION 
Sec. 501. Disclosures to the Securities and Exchange Commission relating to 
sanctionable activities. 
TITLE VI—GENERAL PROVISIONS 
Sec. 601. Denial of visas for certain persons of the Government of Iran. 
Sec. 602. Inadmissibility of certain aliens who engage in certain activities with 
respect to Iran. 
Sec. 603. Amendments to civil and criminal penalties provisions under the 
International Emergency Economic Powers Act. 
Sec. 604. Exclusion of certain activities. 
Sec. 605. Regulatory authority. 
Sec. 606. Sunset. 
SEC. 2. FINDINGS. 
Congress makes the following findings: 
(1) Successive administrations have clearly 
identified the unacceptability of the Iranian regime’s 
pursuit of nuclear weapons capabilities and the dan-
ger that pursuit presents to the United States, to 
our friends and allies, and to global security. 
(2) In May 1995, President Clinton stated that 
‘‘The specter of an Iran armed with weapons of 
mass destruction and the missiles to deliver them
haunts not only Israel but the entire Middle East 
and ultimately all the rest of us as well. The United 
States and, I believe, all the Western nations have 
an overriding interest in containing the threat posed 
by Iran.’’. 
(3) In the 2006 State of the Union Address, 
President Bush stated that ‘‘The Iranian govern-
ment is defying the world with its nuclear ambitions, 
and the nations of the world must not permit the 
Iranian regime to gain nuclear weapons. America 
will continue to rally the world to confront these 
threats.’’. 
(4) In February 2009, President Obama com-
mitted the Administration to ‘‘developing a strategy 
to use all elements of American power to prevent 
Iran from developing a nuclear weapon’’. 
(5) Iran is a major threat to United States na-
tional security interests, not only exemplified by 
Tehran’s nuclear program but also by its material 
assistance to armed groups in Iraq and Afghanistan, 
to the Palestinian group Hamas, to Lebanese 
Hezbollah, the Government of Syria, and to other 
extremists that seek to undermine regional stability. 
These capabilities provide the regime with potential
asymmetric delivery vehicles and mechanisms for nu-
clear or other unconventional weapons. 
(6) Iran’s growing inventory of ballistic missile 
and other destabilizing types of conventional weap-
ons provides the regime the capabilities to enhance 
its power projection throughout the region and un-
dermine the national security interests of the United 
States and its friends and allies. 
(7) Were Iran to achieve a nuclear weapons ca-
pability, it would, inter alia— 
(A) likely lead to the proliferation of such 
weapons throughout the region, where several 
states have already indicated interest in nuclear 
programs, and would dramatically undercut 60 
years of United States efforts to stop the 
spread of nuclear weapons; 
(B) greatly increase the threat of nuclear 
terrorism; 
(C) significantly expand Iran’s already- 
growing influence in the region; 
(D) insulate the regime from international 
pressure, giving it wider scope further to op-
press its citizens and pursue aggression region-
ally and globally;
(E) embolden all Iranian-supported ter-
rorist groups, including Hamas and Hezbollah; 
and 
(F) directly threaten several United States 
friends and allies, especially Israel, whose very 
right to exist has been denied successively by 
every leader of the Islamic Republic of Iran and 
which Iranian President Ahmadinejad says 
should be ‘‘wiped off the map’’. 
(8) Successive Congresses have clearly recog-
nized the threat that the Iranian regime and its poli-
cies present to the United States, to our friends and 
allies, and to global security, and responded with 
successive bipartisan legislative initiatives. 
(9) The extent of the Iranian threat is greater 
today than when the Iran and Libya Sanctions Act 
of 1996 was signed into law, now known as the Iran 
Sanctions Act of 1996. That landmark legislation 
imposed sanctions on foreign companies investing in 
Iran’s energy infrastructure in an effort to under-
mine the strategic threat from Iran, by cutting off 
investment in its petroleum sector and thereby deny-
ing the regime its economic lifeline and its ability to 
pursue a nuclear program.
(10) Laws such as the Iran and Libya Sanc-
tions Act of 1996, which was retitled the Iran Sanc-
tions Act of 1996, paved the way for the enactment 
of similar laws, such as the Iran, North Korea and 
Syria Nonproliferation Act, the Iran-Iraq Arms Non- 
Proliferation Act of 1992, the Iran Freedom Sup-
port Act, and the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010. 
(11) United States sanctions on Iran have hin-
dered Iran’s ability to attract capital, material, and 
technical support for its petroleum sector, creating 
financial difficulties for the regime. 
(12) In the Joint Explanatory Statement of the 
Committee of Conference to the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 
2010 (Public Law 111–195; 50 U.S.C. 1701 note) 
issued on June 23, 2010, the Members of the Com-
mittee of Conference noted that ‘‘Although [the Iran 
Sanctions Act] was enacted more than a decade ago, 
no Administration has sanctioned a foreign entity 
for investing $20 million or more in Iran’s energy 
sector, despite a number of such investments. In-
deed, on only one occasion, in 1998, did the Admin-
istration make a determination regarding a sanc-
tions-triggering investment, but the Administration
waived sanctions against the offending persons. Con-
ferees believe that the lack of enforcement of rel-
evant enacted sanctions may have served to encour-
age rather than deter Iran’s efforts to pursue nu-
clear weapons.’’. 
(13) The Joint Explanatory Statement also 
noted that ‘‘The effectiveness of this Act will depend 
on its forceful implementation. The Conferees urge 
the President to vigorously impose the sanctions pro-
vided for in this Act.’’. 
(14) The Comprehensive Iran Sanctions, Ac-
countability, and Divestment Act of 2010 mandates 
among other provisions that the President initiate 
investigations of potentially sanctionable activity 
under the Iran Sanctions Act of 1996. Although 
more than 16 months have passed since enactment 
of this legislation, Congress has not received notice 
of the imposition of sanctions on any entities that do 
significant business in the United States, despite 
multiple reports of potentially sanctionable activity 
by such entities. Although, in accordance with the 
Comprehensive Iran Sanctions, Accountability, and 
Divestment 
Act 
of 
2010, 
some 
potentially 
sanctionable entities have been persuaded to wind
down and end their involvement in Iran, others have 
not. 
(15) It is unlikely that Iran can be compelled 
to abandon its pursuit of nuclear weapons unless 
sanctions are fully and effectively implemented. 
SEC. 3. STATEMENT OF POLICY. 
It shall be the policy of the United States to— 
(1) prevent Iran from— 
(A) acquiring or developing nuclear weap-
ons and associated delivery capabilities; 
(B) developing its unconventional weapons 
and ballistic missile capabilities; and 
(C) continuing its support for foreign ter-
rorist organizations and other activities aimed 
at undermining and destabilizing its neighbors 
and other nations; and 
(2) fully implement all multilateral and bilateral 
sanctions against Iran in order to deprive the Gov-
ernment of Iran of necessary resources and to com-
pel the Government of Iran to— 
(A) abandon and verifiably dismantle its 
nuclear capabilities; 
(B) abandon and verifiably dismantle its 
ballistic missile and unconventional weapons 
programs; and
(C) cease all support for foreign terrorist 
organizations and other activities aimed at un-
dermining and destabilizing its neighbors and 
other nations. 
TITLE I—IRAN ENERGY 
SANCTIONS 
SEC. 101. FINDINGS. 
Congress makes the following findings: 
(1) The efforts of the Government of Iran to 
achieve nuclear weapons capability and to acquire 
other unconventional weapons and the means to de-
liver them, both through ballistic missile and asym-
metric means, and its support for foreign terrorist 
organizations and other extremists endanger the na-
tional security and foreign policy interests of the 
United States and those countries with which the 
United States shares common strategic and foreign 
policy objectives. 
(2) The objectives of preventing the prolifera-
tion of nuclear and other unconventional weapons 
and countering the activities of foreign terrorist or-
ganizations and other extremists through existing 
multilateral and bilateral initiatives require further 
efforts to deny Iran the financial means to sustain
its nuclear, chemical, biological, and missile weapons 
programs and its active support for terrorism. 
(3) The Government of Iran uses its diplomatic 
facilities and quasi-governmental institutions outside 
of Iran to support foreign terrorist organizations 
and other extremists, and assist its unconventional 
weapons and missile programs, including its nuclear 
program. 
SEC. 102. SENSE OF CONGRESS. 
It is the sense of Congress that the goal of compelling 
Iran to abandon its pursuit of nuclear weapons and other 
threatening activities can be achieved most effectively 
through full implementation of all sanctions enacted into 
law, including those sanctions set out in this title. 
SEC. 103. DECLARATION OF POLICY. 
Congress declares that it is the policy of the United 
States to deny Iran the ability to support acts of foreign 
terrorist organizations and extremists and develop uncon-
ventional weapons and ballistic missiles. A critical means 
of achieving that goal is sanctions that limit Iran’s ability 
to develop its energy resources, including its ability to ex-
plore for, extract, refine, and transport by pipeline its hy-
drocarbon resources, in order to limit the funds Iran has 
available for pursuing its objectionable activities.
SEC. 104. MULTILATERAL REGIME. 
(a) MULTILATERAL NEGOTIATIONS.—In order to 
further the objectives of section 103 of this Act, Congress 
urges the President immediately to initiate diplomatic ef-
forts, both in appropriate international fora such as the 
United Nations, and bilaterally with allies of the United 
States, to expand the multilateral sanctions regime re-
garding Iran, including— 
(1) qualitatively expanding the United Nations 
Security Council sanctions regime against Iran; 
(2) qualitatively expanding the range of sanc-
tions by the European Union, South Korea, Japan, 
Australia, and other key United States allies; 
(3) further efforts to limit Iran’s development 
of petroleum resources and import of refined petro-
leum; and 
(4) initiatives aimed at increasing non-Iranian 
crude oil product output for current purchasers of 
Iranian petroleum and petroleum byproducts. 
(b) REPORTS TO CONGRESS.—Not later than 180 
days after the date of the enactment of this Act, and annu-
ally thereafter, the President shall submit to the appro-
priate congressional committees a report on the extent to 
which diplomatic efforts described in subsection (a) have 
been successful. Each report shall include—
(1) the countries that have agreed to undertake 
measures to further the objectives of section 103 of 
this Act with respect to Iran, and a description of 
those measures; and 
(2) the countries that have not agreed to meas-
ures described in paragraph (1), and, with respect to 
those countries, other measures the President rec-
ommends that the United States take to further the 
objectives of section 103 of this Act with respect to 
Iran. 
(c) INTERIM REPORT
ON MULTILATERAL SANC-
TIONS; MONITORING.—Not later than 90 days after the 
date of the enactment of this Act, the President shall sub-
mit to the appropriate congressional committees a report 
on— 
(1) the countries that have established legisla-
tive or administrative standards providing for the 
imposition of trade sanctions on persons or their af-
filiates that conduct business or have investments in 
Iran; 
(2) the extent and duration of each instance of 
the application of such sanctions; and 
(3) the disposition of any decision with respect 
to such sanctions by the World Trade Organization 
or its predecessor organization.
(d) INVESTIGATIONS.— 
(1) IN GENERAL.—The President shall initiate 
an investigation into the possible imposition of sanc-
tions under section 105 of this Act against a person 
upon receipt by the United States of credible infor-
mation indicating that such person is engaged in an 
activity described in such section. 
(2) DETERMINATION AND NOTIFICATION.—Not 
later than 180 days after the date on which an in-
vestigation is initiated under paragraph (1), the 
President shall (unless paragraph (6) applies) deter-
mine, pursuant to section 105 of this Act, if a per-
son has engaged in an activity described in such sec-
tion and shall notify the appropriate congressional 
committees of the basis for any such determination. 
(3) BRIEFING.— 
(A) IN GENERAL.—Not later than 30 days 
after the date of the enactment of this Act, and 
at the end of every 3-month period thereafter, 
the President, acting through the Secretary of 
State, shall brief the appropriate congressional 
committees regarding investigations initiated 
under this subsection. 
(B) FORM.—The briefings required under 
subparagraph (A) shall be provided in unclassi-
fied form, but may be provided in classified 
form. 
(4) SUBMISSION OF INFORMATION.— 
(A) IN GENERAL.—The Secretary of State 
shall, in accordance with section 15(b) of the 
State Department Basic Authorities Act of 
1956 (22 U.S.C. 2680(b)), provide to the ap-
propriate congressional committees all re-
quested information relating to investigations or 
reviews initiated under this title, including the 
number, scope, and dates of such investigations 
or reviews. 
(B) FORM.—The information required 
under subparagraph (A) shall be provided in 
unclassified form, but may contain a classified 
annex. 
(5) TERMINATION.—Subject to paragraph (6), 
the President may, on a case-by-case basis, termi-
nate an investigation of a person initiated under this 
subsection. 
(6) SPECIAL RULE.— 
(A) IN GENERAL.—The President need not 
initiate an investigation, and may terminate an 
investigation, on a case-by-case basis under this 
subsection if the President certifies in writing
to the appropriate congressional committees 15 
days prior to the determination that— 
(i) the person whose activity was the 
basis for the investigation is no longer en-
gaging in the activity or is divesting all 
holdings and terminating the activity with-
in one year from the date of the certifi-
cation; and 
(ii) the President has received reliable 
assurances that the person will not know-
ingly engage in an activity described in 
section 105(a) of this Act in the future. 
(B) APPLICATION
OF
SANCTIONS.—The 
President shall apply the sanctions described in 
section 106(a) of this Act in accordance with 
section 105(a) of this Act to a person described 
in subparagraph (A) if— 
(i) the person fails to verifiably divest 
all holdings and terminate the activity de-
scribed in subparagraph (A) of this para-
graph within one year from the date of 
certification of the President under sub-
paragraph (A); or 
(ii) the person has been previously 
designated pursuant to section 4(e)(3) of
the Iran Sanctions Act of 1996, as in ef-
fect on the day before the date of the en-
actment of this Act, and fails to verifiably 
divest all holdings and terminate the activ-
ity described in subparagraph (A) within 
180 days from the date of enactment of 
this Act. 
(C) REPORT.—Not later than 90 days 
after the date of enactment of this Act, the 
President shall transmit to the appropriate con-
gressional committees a report on the actions 
taken by persons previously designated pursu-
ant to section 4(e)(3) of the Iran Sanctions Act 
of 1996, as in effect on the day before the date 
of the enactment of this Act, to verifiably divest 
all holdings and terminate the activity described 
in subparagraph (A). 
SEC. 105. IMPOSITION OF SANCTIONS. 
(a) SANCTIONS WITH RESPECT TO THE DEVELOP-
MENT OF PETROLEUM RESOURCES OF IRAN, PRODUC-
TION OF REFINED PETROLEUM PRODUCTS IN IRAN, AND 
EXPORTATION OF REFINED PETROLEUM PRODUCTS TO 
IRAN.— 
(1) DEVELOPMENT OF PETROLEUM RESOURCES 
OF IRAN.—
(A) IN GENERAL.—Except as provided in 
subsection (f), the President shall impose a ma-
jority of the sanctions described in section 
106(a) of this Act with respect to a person if 
the President determines that the person know-
ingly, on or after the date of the enactment of 
this Act— 
(i) makes an investment described in 
subparagraph (B) of $20,000,000 or more; 
or 
(ii) makes a combination of invest-
ments described in subparagraph (B) in a 
12-month period if each such investment is 
of at least $5,000,000 and such invest-
ments equal or exceed $20,000,000 in the 
aggregate. 
(B) INVESTMENT DESCRIBED.—An invest-
ment described in this subparagraph is an in-
vestment that directly and significantly contrib-
utes to the enhancement of Iran’s ability to de-
velop petroleum resources. 
(2) PRODUCTION
OF
REFINED
PETROLEUM 
PRODUCTS.— 
(A) IN GENERAL.—Except as provided in 
subsection (f), the President shall impose a ma-
jority of the sanctions described in section 
106(a) of this Act with respect to a person if 
the President determines that the person know-
ingly, on or after the date of the enactment this 
Act, sells, leases, or provides to Iran goods, 
services, technology, information, or support de-
scribed in subparagraph (B)— 
(i) any of which has a fair market 
value of $1,000,000 or more; or 
(ii) that, during a 12-month period, 
have an aggregate fair market value of 
$5,000,000 or more. 
(B) GOODS, SERVICES, TECHNOLOGY, IN-
FORMATION, OR SUPPORT DESCRIBED.—Goods, 
services, technology, information, or support de-
scribed in this subparagraph are goods, serv-
ices, technology, information, or support that 
could directly and significantly facilitate the 
maintenance or expansion of Iran’s domestic 
production of refined petroleum products, in-
cluding any direct and significant assistance 
with respect to the construction, modernization, 
or repair of petroleum refineries or associated 
infrastructure, including construction of port 
facilities, railways, and roads, the primary use
of which is to support the delivery of refined pe-
troleum products. 
(3) EXPORTATION
OF
REFINED
PETROLEUM 
PRODUCTS TO IRAN.— 
(A) IN GENERAL.—Except as provided in 
subsection (f), the President shall impose a ma-
jority of the sanctions described in section 
106(a) of this Act with respect to a person if 
the President determines that the person know-
ingly, on or after the date of the enactment of 
this Act— 
(i) sells or provides to Iran refined pe-
troleum products— 
(I) that have a fair market value 
of $1,000,000 or more; or 
(II) that, during a 12-month pe-
riod, have an aggregate fair market 
value of $5,000,000 or more; or 
(ii) sells, leases, or provides to Iran 
goods, services, technology, information, or 
support described in subparagraph (B)— 
(I) any of which has a fair mar-
ket value of $1,000,000 or more; or
(II) that, during a 12-month pe-
riod, have an aggregate fair market 
value of $5,000,000 or more. 
(B) GOODS, SERVICES, TECHNOLOGY, IN-
FORMATION, OR SUPPORT DESCRIBED.—Goods, 
services, technology, information, or support de-
scribed in this subparagraph are goods, serv-
ices, technology, information, or support that 
could directly and significantly contribute to the 
enhancement of Iran’s ability to import refined 
petroleum products, including— 
(i) except as provided in subparagraph 
(C), underwriting or entering into a con-
tract to provide insurance or reinsurance 
for the sale, lease, or provision of such 
goods, services, service contracts, tech-
nology, information, or support; 
(ii) financing or brokering such sale, 
lease, or provision; 
(iii) bartering or contracting by which 
the parties exchange goods for goods, in-
cluding the insurance or reinsurance of 
such exchanges; 
(iv) purchasing, subscribing to, or fa-
cilitating the issuance of sovereign debt of
the Government of Iran, including govern-
mental bonds; or 
(v) providing ships or shipping serv-
ices to deliver refined petroleum products 
to Iran. 
(C) EXCEPTION FOR UNDERWRITERS AND 
INSURANCE PROVIDERS EXERCISING DUE DILI-
GENCE.—The President may not impose sanc-
tions under this paragraph with respect to a 
person that provides underwriting services or 
insurance or reinsurance if the President deter-
mines that the person has exercised due dili-
gence in establishing and enforcing official poli-
cies, procedures, and controls to ensure that the 
person does not underwrite or enter into a con-
tract to provide insurance or reinsurance for 
the sale, lease, or provision of goods, services, 
technology, information, or support described in 
subparagraph (B). 
(4) PURCHASE, SUBSCRIPTION TO, OR FACILI-
TATION OF THE ISSUANCE OF IRANIAN SOVEREIGN 
DEBT.—Except as provided in subsection (f), the 
President shall impose a majority of the sanctions 
described in section 106(a) of this Act with respect 
to a person if the President determines that the per-
son knowingly, on or after the date of the enactment 
of this Act, purchases, subscribes to, or facilitates 
the issuance of— 
(A) sovereign debt of the Government of 
Iran, including governmental bonds; or 
(B) debt of any entity owned or controlled 
by the Government of Iran, including bonds. 
(b) MANDATORY SANCTIONS WITH RESPECT TO DE-
VELOPMENT OF WEAPONS OF MASS DESTRUCTION OR 
OTHER MILITARY CAPABILITIES.— 
(1) IN GENERAL.—The President shall impose 
a majority of the sanctions described in section 
106(a) of this Act if the President determines that 
a person, on or after the date of the enactment of 
this Act, has knowingly exported, transferred, per-
mitted, hosted, or otherwise facilitated trans-
shipment that may have enabled a person to export, 
transfer, or transship to Iran or otherwise provided 
to Iran any goods, services, technology, or other 
items that would contribute materially to the ability 
of Iran to— 
(A) acquire or develop chemical, biological, 
or nuclear weapons or related technologies; or
(B) acquire or develop destabilizing num-
bers and types of advanced conventional weap-
ons. 
(2) ADDITIONAL
MANDATORY
SANCTIONS
RE-
LATING TO TRANSFER OF NUCLEAR TECHNOLOGY.— 
(A) IN GENERAL.—Except as provided in 
subparagraphs (B) and (C), in any case in 
which a person is subject to sanctions under 
paragraph (1) because of an activity described 
in that paragraph that relates to the acquisition 
or development of nuclear weapons or related 
technology or of missiles or advanced conven-
tional weapons that are designed or modified to 
deliver a nuclear weapon, no license may be 
issued for the export, and no approval may be 
given for the transfer or retransfer to the coun-
try the government of which has primary juris-
diction over the person, of any nuclear material, 
facilities, components, or other goods, services, 
or technology that are or would be subject to an 
agreement for cooperation between the United 
States and that government. 
(B) EXCEPTION.—The sanctions described 
in subparagraph (A) shall not apply with re-
spect to a country the government of which has
primary jurisdiction over a person that engages 
in an activity described in that subparagraph if 
the President determines and notifies the ap-
propriate congressional committees that the 
government of the country— 
(i) does not know or have reason to 
know about the activity; or 
(ii) has taken, or is taking, all reason-
able steps necessary to prevent a recur-
rence of the activity and to penalize the 
person for the activity. 
(C) 
INDIVIDUAL
APPROVAL.—Notwith-
standing subparagraph (A), the President may, 
on a case-by-case basis, approve the issuance of 
a license for the export, or approve the transfer 
or retransfer, of any nuclear material, facilities, 
components, or other goods, services, or tech-
nology that are or would be subject to an agree-
ment for cooperation, to a person in a country 
to which subparagraph (A) applies (other than 
a person that is subject to the sanctions under 
paragraph (1)) if the President— 
(i) determines that such approval is 
vital to the national security interests of 
the United States; and
(ii) not later than 15 days before 
issuing such license or approving such 
transfer or retransfer, submits to the Com-
mittee on Foreign Affairs of the House of 
Representatives and the Committee on 
Foreign Relations of the Senate the jus-
tification for approving such license, trans-
fer, or retransfer. 
(D) CONSTRUCTION.—The restrictions in 
subparagraph (A) shall apply in addition to all 
other applicable procedures, requirements, and 
restrictions contained in the Atomic Energy Act 
of 1954 and other related laws. 
(E) DEFINITION.—In this paragraph, the 
term ‘‘agreement for cooperation’’ has the 
meaning given that term in section 11 b. of the 
Atomic Energy Act of 1954 (42 U.S.C. 
2014(b)). 
(F) APPLICABILITY.—The sanctions de-
scribed in subparagraph (A) shall apply only in 
a case in which a person is subject to sanctions 
under paragraph (1) because of an activity de-
scribed in such paragraph in which such person 
engages on or after the date of the enactment 
of this Act.
(c) PERSONS AGAINST WHICH THE SANCTIONS ARE 
TO BE IMPOSED.—The sanctions described in subsections 
(a) and (b)(1) shall be imposed on— 
(1) any person the President determines has 
carried out the activities described in subsection (a) 
or (b), respectively; and 
(2) any person that— 
(A) is a successor entity to the person re-
ferred to in paragraph (1); 
(B) owns or controls the person referred to 
in paragraph (1), if the person that owns or 
controls the person referred to in paragraph (1) 
had actual knowledge or should have known 
that the person referred to in paragraph (1) en-
gaged in the activities referred to in that para-
graph; or 
(C) is owned or controlled by, or under 
common ownership or control with, the person 
referred to in paragraph (1), if the person 
owned or controlled by, or under common own-
ership or control with (as the case may be), the 
person referred to in paragraph (1) knowingly 
engaged in the activities referred to in that 
paragraph.
For purposes of this title, any person or entity de-
scribed in this subsection shall be referred to as a 
‘‘sanctioned person’’. 
(d) PUBLICATION
IN FEDERAL REGISTER.—The 
President shall cause to be published in the Federal Reg-
ister a current list of persons and entities on whom sanc-
tions have been imposed under this title. The removal of 
persons or entities from, and the addition of persons and 
entities to, the list, shall also be so published. 
(e) PUBLICATION
OF PROJECTS.—The President 
shall cause to be published in the Federal Register a list 
of all significant projects that have been publicly tendered 
in the oil and gas sector in Iran. 
(f) EXCEPTIONS.—The President shall not be re-
quired to apply or maintain the sanctions under subsection 
(a) or (b)— 
(1) in the case of procurement of defense arti-
cles or defense services— 
(A) under existing contracts or sub-
contracts, including the exercise of options for 
production quantities to satisfy requirements 
essential to the national security of the United 
States; 
(B) if the President determines in writing 
that the person to which the sanctions would
otherwise be applied is a sole source supplier of 
the defense articles or services, that the defense 
articles or services are essential, and that alter-
native sources are not readily or reasonably 
available; or 
(C) if the President determines in writing 
that such articles or services are essential to the 
national security under defense coproduction 
agreements; 
(2) in the case of procurement, to eligible prod-
ucts, as defined in section 308(4) of the Trade 
Agreements Act of 1979 (19 U.S.C. 2518(4)), of 
any foreign country or instrumentality designated 
under section 301(b) of that Act (19 U.S.C. 
2511(b)); 
(3) to products, technology, or services provided 
under contracts entered into before the date on 
which the President publishes in the Federal Reg-
ister the name of the person on whom the sanctions 
are to be imposed; 
(4) to— 
(A) spare parts which are essential to 
United States products or production;
(B) component parts, but not finished 
products, essential to United States products or 
production; or 
(C) routine servicing and maintenance of 
products, to the extent that alternative sources 
are not readily or reasonably available; 
(5) to information and technology essential to 
United States products or production; or 
(6) to medicines, medical supplies, or other hu-
manitarian items. 
SEC. 106. DESCRIPTION OF SANCTIONS. 
(a) IN GENERAL.—The sanctions to be imposed on 
a sanctioned person under section 105 of this Act are as 
follows: 
(1) EXPORT-IMPORT
BANK
ASSISTANCE
FOR 
EXPORTS TO SANCTIONED PERSONS.—The President 
may direct the Export-Import Bank of the United 
States to not give approval to for the issuance of 
any guarantee, insurance, extension of credit, or 
participation in the extension of credit in connection 
with the export of any goods or services to any sanc-
tioned person. 
(2) EXPORT
SANCTION.—The President may 
order the United States Government not to issue 
any specific license and not to grant any other spe-
cific permission or authority to export any goods or 
technology to a sanctioned person under— 
(A) the Export Administration Act of 1979 
(as continued in effect pursuant to the Inter-
national Emergency Economic Powers Act); 
(B) the Arms Export Control Act; 
(C) the Atomic Energy Act of 1954; or 
(D) any other law that requires the prior 
review and approval of the United States Gov-
ernment as a condition for the export or reex-
port of goods or services. 
(3) LOANS FROM UNITED STATES FINANCIAL 
INSTITUTIONS.—The United States Government 
may prohibit any United States financial institution 
from making loans or providing credits to any sanc-
tioned person totaling more than $10,000,000 in 
any 12-month period unless such person is engaged 
in activities to relieve human suffering and the loans 
or credits are provided for such activities. 
(4) PROHIBITIONS
ON
FINANCIAL
INSTITU-
TIONS.—The following prohibitions may be imposed 
against a sanctioned person that is a financial insti-
tution: 
(A) PROHIBITION
ON
DESIGNATION
AS 
PRIMARY DEALER.—Neither the Board of Gov-
ernors of the Federal Reserve System nor the 
Federal Reserve Bank of New York may des-
ignate, or permit the continuation of any prior 
designation of, such financial institution as a 
primary dealer in United States Government 
debt instruments. 
(B) PROHIBITION ON SERVICE AS A RE-
POSITORY OF GOVERNMENT FUNDS.—Such fi-
nancial institution may not serve as agent of 
the United States Government or serve as re-
pository for United States Government funds. 
The imposition of either sanction under subpara-
graph (A) or (B) shall be treated as one sanction for 
purposes of section 105 of this Act, and the imposi-
tion of both such sanctions shall be treated as 2 
sanctions for purposes of section 105 of this Act. 
(5) 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. 
(6) FOREIGN EXCHANGE.—The President may 
prohibit any transactions in foreign exchange that 
are subject to the jurisdiction of the United States 
and in which the sanctioned person has any interest.
(7) BANKING
TRANSACTIONS.—The President 
may prohibit any transfers of credit or payments be-
tween financial institutions or by, through, or to any 
financial institution, to the extent that such trans-
fers or payments are subject to the jurisdiction of 
the United States and involve any interest of the 
sanctioned person. 
(8) PROPERTY TRANSACTIONS.—The President 
may prohibit any person from— 
(A) acquiring, holding, withholding, using, 
transferring, withdrawing, transporting, or ex-
porting any property that is subject to the ju-
risdiction of the United States and with respect 
to which a sanctioned person has any interest; 
(B) dealing in or exercising any right, 
power, or privilege with respect to such prop-
erty; or 
(C) conducting any transaction involving 
such property. 
(9) GROUNDS FOR EXCLUSION.—The Secretary 
of State may deny a visa to, and the Secretary of 
Homeland Security may deny admission into the 
United States to, any alien whom the Secretary of 
State determines is an alien who, on or after the 
date of the enactment of this Act, is a—
(A) corporate officer, principal, or share-
holder with a controlling interest of a person 
against whom sanctions have been imposed 
under subsection (a) or (b); 
(B) corporate officer, principal, or share-
holder with a controlling interest of a successor 
entity to or a parent or subsidiary of such a 
sanctioned person; 
(C) corporate officer, principal, or share-
holder with a controlling interest of an affiliate 
of such a sanctioned person, if such affiliate en-
gaged in a sanctionable activity described in 
subsection (a) or (b) and if such affiliate is con-
trolled in fact by such sanctioned person; or 
(D) spouse, minor child, or agent of a per-
son inadmissible under subparagraph (A), (B), 
or (C). 
(10) SANCTIONS ON PRINCIPAL EXECUTIVE OF-
FICERS.—The President may impose on the prin-
cipal executive officer or officers of any sanctioned 
person, or on persons performing similar functions 
and with similar authorities as such officer or offi-
cers, any of the sanctions under this subsection. The 
President shall include on the list published under 
section 105(d) of this Act the name of any person
against whom sanctions are imposed under this 
paragraph. 
(11) ADDITIONAL SANCTIONS.—The President 
may impose additional sanctions, as appropriate, in 
accordance with the International Emergency Eco-
nomic Powers Act (50 U.S.C. 1701 et seq.). 
(b) ADDITIONAL MEASURE RELATING TO GOVERN-
MENT CONTRACTS.— 
(1) MODIFICATION OF FEDERAL ACQUISITION 
REGULATION.—The Federal Acquisition Regulation 
issued pursuant to section 1303 of title 41, United 
States Code, shall require a certification from each 
person that is a prospective contractor that such 
person and any person owned or controlled by the 
person does not engage in any activity for which 
sanctions may be imposed under section 105 or sec-
tion 304 of this Act. 
(2) REMEDIES.— 
(A) IN GENERAL.—If the head of an exec-
utive agency determines that a person has sub-
mitted a false certification under paragraph (1) 
after the date on which the Federal Acquisition 
Regulation is revised to implement the require-
ments of this subsection, the head of that exec-
utive agency shall terminate a contract with
such person or debar or suspend such person 
from eligibility for Federal contracts for a pe-
riod of not less than 2 years. Any such debar-
ment or suspension shall be subject to the pro-
cedures that apply to debarment and suspen-
sion under the Federal Acquisition Regulation 
under subpart 9.4 of part 9 of title 48, Code of 
Federal Regulations. 
(B) INCLUSION ON LIST OF PARTIES EX-
CLUDED
FROM
FEDERAL
PROCUREMENT
AND 
NONPROCUREMENT PROGRAMS.—The Adminis-
trator of General Services shall include on the 
List of Parties Excluded from Federal Procure-
ment and Nonprocurement Programs main-
tained by the Administrator under part 9 of the 
Federal Acquisition Regulation issued pursuant 
to section 1303 of title 41, United States Code, 
each person that is debarred, suspended, or 
proposed for debarment or suspension by the 
head of an executive agency on the basis of a 
determination of a false certification under sub-
paragraph (A). 
(3) CLARIFICATION REGARDING CERTAIN PROD-
UCTS.—The remedies specified in paragraph (2) 
shall not apply with respect to the procurement of
eligible products, as defined in section 308(4) of the 
Trade Agreements Act of 1974 (19 U.S.C. 2518(4)), 
of any foreign country or instrumentality designated 
under section 301(b) of such Act (19 U.S.C. 
2511(b)). 
(4) RULE OF CONSTRUCTION.—This subsection 
shall not be construed to limit the use of other rem-
edies available to the head of an executive agency or 
any other official of the Federal Government on the 
basis of a determination of a false certification 
under paragraph (1). 
(5) WAIVER.—The President may, on a case- 
by-case basis, waive the requirement that a person 
make a certification under paragraph (1) if the 
President determines and certifies in writing to the 
appropriate congressional committees that failure to 
exercise such waiver authority would pose an un-
usual and extraordinary threat to the vital national 
security interests of the United States. 
(6) EXECUTIVE
AGENCY
DEFINED.—In this 
subsection, the term ‘‘executive agency’’ has the 
meaning given such term in section 133 of title 41, 
United States Code. 
(7) APPLICABILITY.—The revisions to the Fed-
eral Acquisition Regulation required under para-
graph (1) shall apply with respect to contracts for 
which solicitations are issued on or after the date 
that is 90 days after the date of the enactment of 
this Act. 
SEC. 107. ADVISORY OPINIONS. 
The Secretary of State may, upon the request of any 
person, issue an advisory opinion to such person as to 
whether a proposed activity by such person would subject 
such person to sanctions under this title. Any person who 
relies in good faith on such an advisory opinion which 
states that such proposed activity would not subject such 
person to such sanctions, and any such person who there-
after engages in such activity, shall not be made subject 
to such sanctions on account of such activity. 
SEC. 108. TERMINATION OF SANCTIONS. 
(a) CERTIFICATION.—The requirement under section 
105 of this Act to impose sanctions shall no longer have 
force or effect with respect to Iran if the President deter-
mines and certifies to the appropriate congressional com-
mittees that Iran— 
(1) has ceased and verifiably dismantled its ef-
forts to design, develop, manufacture, or acquire— 
(A) a nuclear explosive device or related 
materials and technology; 
(B) chemical and biological weapons; and
(C) ballistic missiles and ballistic missile 
launch technology; 
(2) no longer provides support for acts of inter-
national terrorism; and 
(3) poses no threat to the national security, in-
terests, or allies of the United States. 
(b) NOTIFICATION.—The President shall notify the 
appropriate congressional committees not later than 15 
days before making the certification described in sub-
section (a). 
SEC. 109. DURATION OF SANCTIONS. 
(a) DELAY OF SANCTIONS.— 
(1) CONSULTATIONS.—If the President makes a 
determination described in section 105 of this Act 
with respect to a foreign person, Congress urges the 
President to initiate consultations immediately with 
the government with primary jurisdiction over such 
foreign person with respect to the imposition of 
sanctions under such section. 
(2) ACTIONS
BY
GOVERNMENT
OF
JURISDIC-
TION.—In order to pursue consultations under para-
graph (1) with the government concerned, the Presi-
dent may delay for up to 90 days the imposition of 
sanctions under section 105 of this Act. Following 
such consultations, the President shall immediately
impose on the foreign person referred to in para-
graph (1) such sanctions unless the President deter-
mines and certifies to Congress that the government 
has taken specific and effective actions, including, as 
appropriate, the imposition of appropriate penalties 
to terminate the involvement of the foreign person in 
the activities that resulted in the determination by 
the President under section 105 of this Act con-
cerning such foreign person and the foreign person 
is no longer engaged in such activities. 
(b) DURATION OF SANCTIONS.—A sanction imposed 
under section 105 of this Act shall remain in effect— 
(1) for a period of not less than 2 years begin-
ning on the date on which such sanction is imposed; 
or 
(2) until such time as the President determines 
and certifies to Congress that the person whose ac-
tivities were the basis for imposing such sanction is 
no longer engaging in such activities and that the 
President has received reliable assurances that such 
person will not knowingly engage in such activities 
in the future, except that such sanction shall remain 
in effect for a period of at least one year. 
(c) WAIVER.— 
(1) AUTHORIZATION.—
(A) IN
GENERAL.—The President may 
waive the requirements in section 105(a) or 
105(b)(2) of this Act to impose a sanction or 
sanctions, and may waive, on a case-by-case 
basis, the continued imposition of a sanction or 
sanctions under subsection (b) of this section, if 
the President determines and so reports to the 
appropriate congressional committees 15 days 
prior to the exercise of waiver authority that 
failure to exercise such waiver authority would 
pose an unusual and extraordinary threat to the 
vital national security interests of the United 
States. 
(B) CONTENTS OF REPORT.—Any report 
under subparagraph (A) shall provide a specific 
and detailed rationale for a determination made 
pursuant to such paragraph, including— 
(i) a description of the conduct that 
resulted in the determination under section 
105(a) or section 105(b)(2) of this Act, as 
the case may be; 
(ii) in the case of a foreign person, an 
explanation of the efforts to secure the co-
operation of the government with primary 
jurisdiction over such person to terminate
or, as appropriate, penalize the activities 
that resulted in the determination under 
section 105(a) or 105(b)(2) of this Act, as 
the case may be; 
(iii) an estimate of the significance of 
the conduct of the person concerned in 
contributing to the ability of Iran to de-
velop petroleum resources, produce refined 
petroleum products, or import refined pe-
troleum products; and 
(iv) a statement as to the response of 
the United States in the event that the 
person concerned engages in other activi-
ties that would be subject to a sanction or 
sanctions 
under 
section 
105(a) 
or 
105(b)(2) of this Act, as the case may be. 
(2) WAIVER
WITH
RESPECT
TO
PERSONS
IN 
COUNTRIES
THAT
COOPERATE
IN
MULTILATERAL 
EFFORTS WITH RESPECT TO IRAN.— 
(A) IN GENERAL.—The President may, on 
a case-by-case basis, waive for a period of not 
more than 12 months the application of section 
105(a) of this Act with respect to a person if 
the President, at least 30 days before the waiv-
er is to take effect—
(i) certifies to the appropriate con-
gressional committees that— 
(I) the government with primary 
jurisdiction over the person is closely 
cooperating with the United States in 
multilateral efforts to prevent Iran 
from— 
(aa) acquiring or developing 
chemical, biological, or nuclear 
weapons or related technologies; 
or 
(bb) acquiring or developing 
destabilizing numbers and types 
of advanced conventional weap-
ons; and 
(II) such a waiver is vital to the 
national security interests of the 
United States; and 
(ii) submits to the appropriate con-
gressional committees a report identi-
fying— 
(I) the person with respect to 
which the President waives the appli-
cation of sanctions; and
(II) the actions taken by the gov-
ernment described in clause (i)(I) to 
cooperate in multilateral efforts de-
scribed in that clause. 
(B) SUBSEQUENT RENEWAL OF WAIVER.— 
At the conclusion of the period of a waiver 
under subparagraph (A), the President may 
renew the waiver— 
(i) if the President determines, in ac-
cordance with subparagraph (A), that the 
waiver is appropriate; and 
(ii) for subsequent periods of not 
more than 12 months each. 
(3) PUBLICATION
IN
THE
FEDERAL
REG-
ISTER.—Not later than 15 days after any waiver au-
thority is exercised pursuant to paragraph (1) or (2) 
of this subsection, the name of the person or entity 
with respect to which sanctions are being waived 
shall be published in the Federal Register. 
SEC. 110. REPORTS REQUIRED. 
(a) REPORT ON CERTAIN INTERNATIONAL INITIA-
TIVES.—Not later than 180 days after the date of the en-
actment of this Act and every 180 days thereafter, the 
President shall transmit to the appropriate congressional 
committees a report describing—
(1) the efforts of the President to mount a mul-
tilateral campaign to persuade all countries to pres-
sure 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 governments to ask Iran to reduce in the 
countries of such governments the presence of Ira-
nian diplomats and representatives of other govern-
ment and military or quasi-governmental institutions 
of Iran, and to withdraw any such diplomats or rep-
resentatives who participated in the takeover of the 
United States Embassy in Tehran, Iran, on Novem-
ber 4, 1979, or the subsequent holding of United 
States hostages for 444 days; 
(3) the extent to which the International Atom-
ic Energy Agency has established regular inspections 
of all nuclear facilities in Iran, including those facili-
ties presently under construction; and 
(4) Iran’s use of Iranian diplomats and rep-
resentatives of other government and military or 
quasi-governmental institutions of Iran to promote 
acts of international terrorism or to develop or sus-
tain Iran’s nuclear, chemical, biological, or missile 
weapons programs.
(b) REPORT
ON
EFFECTIVENESS
OF
ACTIONS 
UNDER THIS ACT.—Not later than 180 days after the 
date of the enactment of this Act and annually thereafter, 
the President shall transmit to Congress a report that de-
scribes— 
(1) the extent to which actions relating to trade 
taken pursuant to this title have— 
(A) been effective in achieving the policy 
objective described in section 103 of this Act 
and any other foreign policy or national security 
objectives of the United States with respect to 
Iran; and 
(B) affected humanitarian interests in 
Iran, the country in which a sanctioned person 
is located, or in other countries; and 
(2) the impact of actions relating to trade taken 
pursuant to this title on other national security, eco-
nomic, and foreign policy interests of the United 
States, including relations with countries friendly to 
the United States, and on the United States econ-
omy. 
The President may include in such reports the President’s 
recommendation on whether or not this Act should be ter-
minated or modified.
(c) OTHER REPORTS.—The President shall ensure 
the continued transmittal to Congress of reports describ-
ing— 
(1) the nuclear and other military capabilities 
of Iran, as required under section 601(a) of the Nu-
clear Non-Proliferation Act of 1978 and section 
1607 of the National Defense Authorization 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 reports on international terrorism. 
(d) REPORTS
ON GLOBAL TRADE RELATING
TO 
IRAN.—Not later than 180 days after the date of the en-
actment of the this Act and annually thereafter, the Presi-
dent shall transmit to the appropriate congressional com-
mittees a report, with respect to the most recent 12-month 
period for which data are available, on the dollar value 
amount of trade, including in the energy sector, between 
Iran and each country maintaining membership in the 
Group of 20 Finance Ministers and Central Bank Gov-
ernors. 
SEC. 111. DETERMINATIONS NOT REVIEWABLE. 
A determination to impose sanctions under this title 
shall not be reviewable in any court.
SEC. 112. DEFINITIONS. 
In this title: 
(1) ACT OF INTERNATIONAL TERRORISM.—The 
term ‘‘act of international terrorism’’ has the mean-
ing given such term in section 2331 of title 18, 
United States Code. 
(2) APPROPRIATE
CONGRESSIONAL
COMMIT-
TEES.—The term ‘‘appropriate congressional com-
mittees’’ means— 
(A) the Committee on Ways and Means, 
the Committee on Banking and Financial Serv-
ices, the Committee on Financial Services, and 
the Committee on Foreign Affairs of the House 
of Representatives; and 
(B) the Committee on Finance, the Com-
mittee on Banking, Housing, and Urban Af-
fairs, and the Committee on Foreign Relations 
of the Senate. 
(3) COMPONENT PART.—The term ‘‘component 
part’’ has the meaning given such term in section 
11A(e)(1) of the Export Administration Act of 1979 
(50 U.S.C. App. 2410a(e)(1)). 
(4) CREDIBLE INFORMATION.—The term ‘‘cred-
ible information’’ means, with respect to a person, 
such person’s public announcement of an investment 
described in section 105 of this Act, Iranian govern-
mental announcements of such an investment, re-
ports to stockholders, annual reports, industry re-
ports, Government Accountability Office products, 
State and local government reports, and trade publi-
cations. 
(5) DEVELOP AND DEVELOPMENT.—The terms 
‘‘develop’’ and ‘‘development’’ mean the exploration 
for, or the extraction, refining, or transportation by 
pipeline of, petroleum resources. 
(6) FINANCIAL
INSTITUTION.—The term ‘‘fi-
nancial institution’’ includes— 
(A) a depository institution (as defined in 
section 3(c)(1) of the Federal Deposit Insur-
ance 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 fi-
nancial services including joint ventures with 
Iranian entities both inside and outside of Iran 
and partnerships or investments with Iranian
government-controlled entities or affiliated enti-
ties. 
(7) FINISHED PRODUCT.—The term ‘‘finished 
product’’ has the meaning given such term in section 
11A(e)(2) of the Export Administration Act of 1979 
(50 U.S.C. App. 2410a(e)(2)). 
(8) FOREIGN PERSON.—The term ‘‘foreign per-
son’’ 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, joint ven-
ture, cooperative venture, or other nongovern-
mental entity which is not a United States per-
son. 
(9) FOREIGN TERRORIST ORGANIZATION.—The 
term ‘‘foreign terrorist organization’’ means an or-
ganization designated by the Secretary of State as a 
foreign terrorist organization in accordance with sec-
tion 219(a) of the Immigration and Nationality Act 
(8 U.S.C. 1189(a)). 
(10) GOODS
AND
TECHNOLOGY.—The terms 
‘‘goods’’ and ‘‘technology’’ have the meanings given 
such terms in section 16 of the Export Administra-
tion Act of 1979 (50 U.S.C. App. 2415).
(11) INVESTMENT.—The term ‘‘investment’’ 
means any of the following activities if any of such 
activities 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 nongovernmental entity in Iran, on or 
after the date of the enactment of this Act: 
(A) The entry into a contract that includes 
responsibility for the development of petroleum 
resources located in Iran, or the entry into a 
contract providing for the general supervision 
and guarantee of another person’s performance 
of such a contract. 
(B) The purchase of a share of ownership, 
including an equity interest, in the development 
described in subparagraph (A). 
(C) The entry into a contract providing for 
the participation in royalties, earnings, or prof-
its in the development described in subpara-
graph (A), without regard to the form of such 
participation. 
(D) The provision of goods, services, or 
technology related to petroleum resources. 
(12) IRAN.—The term ‘‘Iran’’ includes any 
agency or instrumentality of Iran.
(13) IRANIAN
DIPLOMATS
AND
REPRESENTA-
TIVES OF OTHER GOVERNMENT AND MILITARY OR 
QUASI-GOVERNMENTAL
INSTITUTIONS
OF
IRAN.— 
The term ‘‘Iranian diplomats and representatives of 
other government and military or quasi-govern-
mental institutions of Iran’’ includes employees, rep-
resentatives, or affiliates of Iran’s— 
(A) Foreign Ministry; 
(B) Ministry of Intelligence and Security; 
(C) Revolutionary Guard Corps and affili-
ated entities; 
(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. 
(14) KNOWINGLY.—The term ‘‘knowingly’’, 
with respect to conduct, a circumstance, or a result 
means that a person has actual knowledge, or should
have known, of the conduct, the circumstance, or the 
result of such conduct, circumstance, or result. 
(15) NUCLEAR EXPLOSIVE DEVICE.—The term 
‘‘nuclear explosive device’’ means any device, wheth-
er assembled or disassembled, that is designed to 
produce an instantaneous release of an amount of 
nuclear energy from special nuclear material (as de-
fined in section 11(aa) of the Atomic Energy Act of 
1954 (42 U.S.C. 2014(aa))) that is greater than the 
amount of energy that would be released from the 
detonation of one pound of trinitrotoluene (TNT). 
(16) PERSON.— 
(A) IN
GENERAL.—The term ‘‘person’’ 
means— 
(i) a natural person; 
(ii) a corporation, business associa-
tion, partnership, society, trust, financial 
institution, insurer, underwriter, guar-
antor, or any other business organization, 
any other nongovernmental entity, organi-
zation, or group, and any governmental en-
tity operating as a business enterprise; and 
(iii) any successor to any entity de-
scribed in clause (ii).
(B) EXCLUSION.—The term ‘‘person’’ does 
not include a government or governmental enti-
ty that is not operating as a business enter-
prise. 
(17) PETROLEUM RESOURCES.—The term ‘‘pe-
troleum resources’’ includes petroleum and natural 
gas resources, refined petroleum products, oil or liq-
uefied natural gas, oil or liquefied natural gas tank-
ers, and products used to construct or maintain 
pipelines used to transport oil or liquefied natural 
gas. 
(18) REFINED
PETROLEUM
PRODUCTS.—The 
term ‘‘refined petroleum products’’ means diesel, 
gasoline, jet fuel (including naphtha-type and ker-
osene-type jet fuel), and aviation gasoline. 
(19) UNITED STATES OR STATE.—The terms 
‘‘United States’’ and ‘‘State’’ mean 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 terri-
tory or possession of the United States. 
(20) UNITED
STATES
PERSON.—The term 
‘‘United States person’’ means—
(A) a natural person who is a citizen of the 
United States or who owes permanent alle-
giance to the United States; and 
(B) a corporation or other legal entity that 
is organized under the laws of the United 
States or any State if a natural person de-
scribed in subparagraph (A) owns more than 50 
percent of the outstanding capital stock or 
other beneficial interest in such corporation or 
legal entity. 
SEC. 113. EFFECTIVE DATE. 
This title shall take effect on the date of the enact-
ment of this Act and shall apply with respect to an invest-
ment or activity described in subsection (a) or (b) of sec-
tion 105 of this Act that is commenced on or after such 
date of enactment. 
SEC. 114. REPEAL. 
(a) IN GENERAL.—The Iran Sanctions Act of 1996 
(50 U.S.C. 1701 note) is repealed. 
(b) CONFORMING AMENDMENTS.—The Comprehen-
sive Iran Sanctions, Accountability, and Divestment Act 
of 2010 (Public Law 111–195; 22 U.S.C. 8501 et seq.) 
is amended— 
(1) in section 103(b)(3)(E), by striking ‘‘section 
14 of the Iran Sanctions Act of 1996 (Public Law
TITLE II—IRAN FREEDOM 
SUPPORT 
SEC. 201. CODIFICATION OF SANCTIONS. 
United States sanctions with respect to Iran imposed 
pursuant to— 
(1) sections 1 and 3 of Executive Order No. 
12957; 
(2) sections 1(e), 1(g), and 3 of Executive 
Order No. 12959; 
(3) sections 2, 3, and 5 of Executive Order No. 
13059; 
(4) sections 1, 5, 6, 7, and 8 of Executive 
Order No. 13553; or 
(5) sections 1, 2, and 5 of Executive Order No. 
13574, 
as in effect on September 1, 2011, shall remain in effect 
until the President certifies to the appropriate congres-
sional committees, at least 90 days before the removal of 
such sanctions, that the Government of Iran has verifiably 
dismantled its nuclear weapons program, its biological and 
chemical weapons programs, its ballistic missile develop-
ment programs, and ceased its support for international 
terrorism.
SEC. 202. LIABILITY OF PARENT COMPANIES FOR VIOLA-
TIONS OF SANCTIONS BY FOREIGN SUBSIDI-
ARIES. 
(a) DEFINITIONS.—In this section: 
(1) ENTITY.—The term ‘‘entity’’ means a part-
nership, association, trust, joint venture, corpora-
tion, or other organization. 
(2) OWN OR CONTROL.—The term ‘‘own or con-
trol’’ means, with respect to an entity— 
(A) to hold more than 50 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. 
(3) 
SUBSIDIARY.—The 
term 
‘‘subsidiary’’ 
means an entity that is owned or controlled by a 
United States person. 
(4) 
UNITED
STATES
PERSON.—The 
term 
‘‘United States person’’ means— 
(A) a natural person who is a citizen, resi-
dent, or national of the United States; and 
(B) an entity that is organized under the 
laws of the United States, any State or terri-
tory thereof, or the District of Columbia, if nat-
ural persons described in subparagraph (A) own 
or control the entity. 
(b) IN GENERAL.—A United States person shall be 
subject to a penalty for a violation of the provisions of 
Executive Order No. 12959 (50 U.S.C. 1701 note) or Ex-
ecutive Order No. 13059 (50 U.S.C. 1701 note), or any 
other prohibition on transactions with respect to Iran im-
posed under the authority of the International Emergency 
Economic Powers Act (50 U.S.C. 1701 et seq.), if the 
President determines that a subsidiary of the United 
States person that is established or maintained outside the 
United States engages in an act that, if committed in the 
United States or by a United States person, would violate 
such provisions. 
(c) EFFECTIVE DATE.— 
(1) IN GENERAL.—Subsection (b) shall take ef-
fect on the date of the enactment of this Act and 
apply with respect to acts described in subsection 
(b)(2) that are— 
(A) commenced on or after the date of the 
enactment of this Act; or 
(B) except as provided in paragraph (2), 
commenced before such date of enactment, if 
such acts continue on or after such date of en-
actment.
(2) EXCEPTION.—Subsection (b) shall not 
apply with respect to an act described in paragraph 
(1)(B) by a subsidiary owned or controlled by a 
United States person if the United States person di-
vests or terminates its business with the subsidiary 
not later than 90 days after the date of the enact-
ment of this Act. 
SEC. 
203. 
DECLARATION 
OF 
CONGRESS 
REGARDING 
UNITED STATES POLICY TOWARD IRAN. 
It shall be the policy of the United States to support 
those individuals in Iran seeking a free, democratic gov-
ernment that respects the rule of law and protects the 
rights of all citizens. 
SEC. 204. ASSISTANCE TO SUPPORT DEMOCRACY IN IRAN. 
(a) ASSISTANCE AUTHORIZED.—The President is au-
thorized to provide financial and political assistance (in-
cluding the award of grants) to foreign and domestic indi-
viduals, organizations, and entities that support democ-
racy and the promotion of democracy in Iran. Such assist-
ance may include the award of grants to eligible inde-
pendent prodemocracy broadcasting organizations and 
new media that broadcast into Iran. 
(b) ELIGIBILITY FOR ASSISTANCE.—Financial and 
political assistance authorized under this section shall be
provided only to an individual, organization, or entity 
that— 
(1) officially opposes the use of violence and 
terrorism and has not been designated as a foreign 
terrorist organization under section 219(a) of the 
Immigration and Nationality Act (8 U.S.C. 1189(a)) 
at any time during the preceding 4 years; 
(2) advocates the adherence by Iran to non-
proliferation regimes for nuclear, chemical, and bio-
logical weapons and materiel; 
(3) is dedicated to democratic values and sup-
ports the adoption of a democratic form of Govern-
ment in Iran; 
(4) is dedicated to respect for human rights, in-
cluding the fundamental equality of women; 
(5) works to establish equality of opportunity 
for all people; and 
(6) supports freedom of the press, freedom of 
speech, freedom of association, and freedom of reli-
gion. 
(c) FUNDING.—Financial and political assistance au-
thorized under this section may only be provided using 
funds available to the Middle East Partnership Initiative 
(MEPI), the Broader Middle East and North Africa Ini-
tiative, the Human Rights and Democracy Fund, and the 
Near East Regional Democracy Fund. 
(d) NOTIFICATION.—Not later than 15 days before 
each obligation of assistance under this section, and in ac-
cordance with the procedures under section 634A of the 
Foreign Assistance Act of 1961 (22 U.S.C. 2394–l), the 
President shall notify the Committee on Foreign Affairs 
and the Committee on Appropriations of the House of 
Representatives and the Committee on Foreign Relations 
and the Committee on Appropriations of the Senate of 
such obligation of assistance. Such notification shall in-
clude, as practicable, a description of the types of pro-
grams supported by such assistance and an identification 
of the recipients of such assistance. 
(e) SENSE OF CONGRESS REGARDING DIPLOMATIC 
ASSISTANCE.—It is the sense of Congress that— 
(1) contacts should be expanded with opposition 
groups in Iran that meet the criteria for eligibility 
for assistance under subsection (b); 
(2) support for those individuals seeking democ-
racy in Iran should be expressed by United States 
representatives and officials in all appropriate inter-
national fora; and 
(3) officials and representatives of the United 
States should—
(A) strongly and unequivocally support in-
digenous efforts in Iran calling for free, trans-
parent, and democratic elections; and 
(B) draw international attention to viola-
tions by the Government of Iran of human 
rights, freedom of religion, freedom of assem-
bly, and freedom of the press. 
SEC. 205. IMPOSITION OF SANCTIONS ON CERTAIN PER-
SONS 
WHO 
ARE 
RESPONSIBLE 
FOR 
OR 
COMPLICIT IN HUMAN RIGHTS ABUSES COM-
MITTED AGAINST CITIZENS OF IRAN OR 
THEIR FAMILY MEMBERS AFTER THE JUNE 
12, 2009, ELECTIONS IN IRAN. 
(a) LIST OF PERSONS WHO ARE RESPONSIBLE FOR 
OR COMPLICIT
IN CERTAIN HUMAN RIGHTS ABUSES; 
SANCTIONS ON SUCH PERSONS.— 
(1) IN GENERAL.—Not later than 90 days after 
the date of the enactment of this Act, the President 
shall transmit to the appropriate congressional com-
mittees a list of all persons who are senior officials 
of the Government of Iran, including the Supreme 
Leader, the President, Members of the Cabinet, 
Members of the Assembly of Experts, Members of 
the Ministry of Intelligence Services, or any Member 
of the Iranian Revolutionary Guard Corps with the
rank of brigadier general and above, including mem-
bers of paramilitary organizations such as Ansar-e- 
Hezbollah and Basij-e Mostaz’afin. 
(2) CERTIFICATION.—The President shall im-
pose on the persons specified in the list under para-
graph (1) the sanctions described in subsection (b). 
The President shall exempt any such person from 
such imposition if the President determines and cer-
tifies to the appropriate congressional committees 
that such person, based on credible evidence, is not 
responsible for or complicit in, or responsible for or-
dering, controlling, or otherwise directing, the com-
mission of serious human rights abuses against citi-
zens of Iran or their family members on or after 
June 12, 2009, regardless of whether such abuses 
occurred in Iran. 
(3) UPDATES
OF
LIST.—The President shall 
transmit to the appropriate congressional commit-
tees an updated list under paragraph (1)— 
(A) not later than every 60 days beginning 
after the date of the initial transmittal under 
such paragraph; and 
(B) as new information becomes available. 
(4) FORM OF REPORT; PUBLIC AVAILABILITY.—
(A) FORM.—The list required under para-
graph (1) shall be submitted in unclassified 
form but may contain a classified annex. 
(B) PUBLIC AVAILABILITY.—The unclassi-
fied portion of the list required under para-
graph (1) shall be made available to the public 
and posted on the Web sites of the Department 
of the Treasury and the Department of State. 
(5) CONSIDERATION
OF
DATA
FROM
OTHER 
COUNTRIES
AND
NONGOVERNMENTAL
ORGANIZA-
TIONS.—In preparing the list required under para-
graph (1), the President shall consider credible data 
already obtained by other countries and nongovern-
mental organizations, including organizations in 
Iran, that monitor the human rights abuses of the 
Government of Iran. 
(b) SANCTIONS
DESCRIBED.—The sanctions de-
scribed in this subsection are ineligibility for a visa to 
enter the United States and sanctions described in section 
106 of this Act, subject to such regulations as the Presi-
dent may prescribe, including regulatory exceptions to per-
mit the United States to comply with the Agreement be-
tween the United Nations and the United States of Amer-
ica regarding the Headquarters of the United Nations,
signed June 26, 1947, and entered into force November 
21, 1947, and other applicable international obligations 
(c) TERMINATION OF SANCTIONS.—The provisions of 
this section shall terminate on the date on which the Presi-
dent determines and certifies to the appropriate congres-
sional committees that the Government of Iran— 
(1) has unconditionally released all political 
prisoners, including the citizens of Iran detained in 
the aftermath of the June 12, 2009, presidential 
election in Iran; 
(2) has ceased its practices of violence, unlawful 
detention, torture, and abuse of citizens of Iran 
while engaging in peaceful political activity; 
(3) has conducted a transparent investigation 
into the killings, arrests, and abuse of peaceful polit-
ical activists that occurred in the aftermath of the 
June 12, 2009, presidential election in Iran and 
prosecuted the individuals responsible for such 
killings, arrests, and abuse; and 
(4) has— 
(A) established an independent judiciary; 
and 
(B) is respecting the human rights and 
basic freedoms recognized in the Universal Dec-
laration of Human Rights.
SEC. 206. CLARIFICATION OF SENSITIVE TECHNOLOGIES 
FOR PURPOSES OF PROCUREMENT BAN. 
The Secretary of State shall— 
(1) not later than 90 days after the date of the 
enactment of this Act, issue guidelines to further de-
scribe the goods, services, and technologies that will 
be considered ‘‘sensitive technologies’’ for purposes 
of section 106 of the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010 (22 
U.S.C. 8515), and publish those guidelines in the 
Federal Register; 
(2) determine the types of goods, services, and 
technologies that enable any indigenous capabilities 
that Iran has to disrupt and monitor information 
and communications in that country, and consider 
adding descriptions of those items to the guidelines; 
and 
(3) periodically review, but in no case less than 
once each year, the guidelines and, if necessary, 
amend the guidelines on the basis of technological 
developments and new information regarding trans-
fers of goods, services, and technologies to Iran and 
the development of Iran’s indigenous capabilities to 
disrupt and monitor information and communica-
tions in Iran.
SEC. 
207. 
COMPREHENSIVE 
STRATEGY 
TO 
PROMOTE 
INTERNET FREEDOM AND ACCESS TO INFOR-
MATION IN IRAN. 
(a) IN GENERAL.—Not later than 90 days after the 
date of the enactment of this Act and annually thereafter, 
the Secretary of State shall submit to the Committee on 
Foreign Affairs and the Committee on Appropriations of 
the House of Representatives and the Committee on For-
eign Relations and the Committee on Appropriations of 
the Senate a comprehensive strategy to— 
(1) help the people of Iran produce, access, and 
share information freely and safely via the Internet, 
including in Farsi and regional languages; 
(2) support the development of counter-censor-
ship technologies that enable the citizens of Iran to 
undertake Internet activities without interference 
from the Government of Iran; 
(3) increase the capabilities and availability of 
secure mobile communications among human rights 
and democracy activists in Iran; 
(4) provide resources for digital safety training 
for media, unions, and academic and civil society or-
ganizations in Iran; 
(5) increase the amount of accurate Internet 
content in local languages in Iran;
(6) increase emergency resources for the most 
vulnerable human rights advocates seeking to orga-
nize, share information, and support human rights 
in Iran; 
(7) expand surrogate radio, television, live 
stream, and social network communications inside 
Iran, including by assisting United States tele-
communications and software companies to comply 
with the United States export licensing process for 
such purposes; 
(8) expand activities to safely assist and train 
human rights, civil society, and union activists in 
Iran to operate effectively and securely; 
(9) defeat all attempts by the Government of 
Iran to jam or otherwise deny international satellite 
broadcasting signals, including by identifying foreign 
providers of jamming technology; 
(10) expand worldwide United States embassy 
and consulate programming for and outreach to Ira-
nian dissident communities; 
(11) expand access to proxy servers for democ-
racy activists in Iran; and 
(12) discourage telecommunication and soft-
ware companies from facilitating Internet censorship 
by the Government of Iran.
(b) ELIGIBILITY FOR ASSISTANCE.—Assistance au-
thorized under the comprehensive stategy required under 
subsection (a) shall be provided only to an individual, or-
ganization, or entity that meets the eligibility criteria in 
section 204(b) of this Act for financial and political assist-
ance authorized under section section 204(a) of this Act. 
(c) FORM.—The comprehensive strategy required 
under subsection (a) shall be submitted in unclassified 
form and may include a classified annex. 
TITLE III—IRAN REGIME AND 
IRAN’S 
ISLAMIC 
REVOLU-
TIONARY GUARD CORPS AC-
COUNTABILITY 
SEC. 301. IRAN’S ISLAMIC REVOLUTIONARY GUARD CORPS. 
(a) TRANSACTIONS WITH IRAN’S ISLAMIC REVOLU-
TIONARY GUARD CORPS.—No United States person shall 
knowingly conduct any commercial transaction or financial 
transaction with, or make any investment in— 
(1) any person or entity owned or controlled by 
Iran’s Islamic Revolutionary Guard Corps; 
(2) any instrumentality, subsidiary, affiliate, or 
agent of Iran’s Islamic Revolutionary Guard Corps; 
or
(3) any project, activity, or business owned or 
controlled by Iran’s Islamic Revolutionary Guard 
Corps. 
(b) TRANSACTIONS WITH CERTAIN FOREIGN PER-
SONS.—No United States person shall knowingly conduct 
any commercial transaction or financial transaction with, 
or make any investment in, any foreign person or foreign 
entity that conducts any transaction with or makes any 
investment with Iran’s Islamic Revolutionary Guard 
Corps, which, if conducted or made by a United States 
person, would constitute a violation of subsection (a). 
(c) PENALTIES.—Any United States person who vio-
lates subsection (a) or (b) shall be subject to 1 or more 
of the criminal penalties under the authority of section 
206(c) of the International Emergency Economic Powers 
Act (50 U.S.C. 1705). 
(d) WAIVER.— 
(1) IN GENERAL.—The President is authorized 
to waive the restrictions in subsection (a) or (b) on 
a case-by-case basis if the President determines and 
notfies the appropriate congressional committees 
that failure to exercise such waiver authority would 
pose an unusual and extraordinary threat to the na-
tional security interests of the United States.
(2) PUBLICATION
IN
THE
FEDERAL
REG-
ISTER.—Not later than 15 days after any waiver au-
thority is exercised pursuant to paragraph (1) of 
this subsection, the name of the person with respect 
to which sanctions are being waived shall be pub-
lished in the Federal Register. 
(e) AMENDMENTS TO CODE OF FEDERAL REGULA-
TIONS.—Not later than 30 days after the date of the en-
actment of this Act, the President shall amend part 544 
of title 31, Code of Federal Regulations (‘‘Weapons of 
Mass Destruction Proliferators Sanctions Regulations’’), 
to incorporate the provisions of this section. 
(f) DEFINITIONS.—In this section, the terms ‘‘foreign 
person’’, ‘‘knowingly’’, and ‘‘United States person’’ have 
the meanings given such terms in section 112 of this Act. 
SEC. 302. ADDITIONAL EXPORT SANCTIONS AGAINST IRAN. 
(a) 
IN
GENERAL.—Notwithstanding 
section 
103(b)(2)(B)(iv) of the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010 (Public Law 
111–195; 22 U.S.C. 8512(b)(2)(B)(iv)) or section 1606 
of the Iran-Iraq Arms Non-Proliferation Act of 1992 
(Public Law 102–484; 50 U.S.C. 1701 note) or any other 
provision of law, effective on the date of the enactment 
of this Act—
(1) licenses to export or reexport goods, serv-
ices, or technology for the repair or maintenance of 
aircraft of United States origin to Iran may not be 
issued, and any such license issued before such date 
of enactment is no longer valid; and 
(2) goods, services, or technology described in 
paragraph (1) may not be exported or reexported to 
Iran. 
(b) RULE OF CONSTRUCTION.—Nothing in this sec-
tion shall be construed to repeal or otherwise supersede 
the requirements of section 740.15(d)(4) of title 15, Code 
of Federal Regulations (relating to reexports of vessels 
subject to the Export Adminstration Regulations). 
SEC. 303. SANCTIONS AGAINST AFFILIATES OF IRAN’S IS-
LAMIC REVOLUTIONARY GUARD CORPS. 
(a) IN GENERAL.—Not later than 90 days after the 
date of the enactment of this Act, and as appropriate 
thereafter, the President shall identify in, and, in the case 
of a foreign person or foreign entity not already so des-
ignated, shall designate for inclusion in the Annex to Ex-
ecutive Order No. 13382 (70 Fed. Reg. 38567; relating 
to blocking property of weapons of mass destruction 
proliferators and their supporters) and shall apply all ap-
plicable sanctions of the United States pursuant to Execu-
tive Order No. 13382 to each foreign person or foreign
entity for which there is a reasonable basis for determining 
that the person or entity is as an agent, alias, front, in-
strumentality, official, or affiliate of Iran’s Islamic Revolu-
tionary Guard Corps or is an individual serving as a rep-
resentative of Iran’s Islamic Revolutionary Guard Corps. 
(b) PRIORITY FOR INVESTIGATION.—In carrying out 
this section, the President shall give priority to inves-
tigating foreign persons and foreign entities identified 
under section 560.304 of title 31, Code of Federal Regula-
tions (relating to the definition of the Government of Iran) 
and foreign persons and foreign entities for which there 
is a reasonable basis to suspect that the person or entity 
has conducted or attempted to conduct one or more sen-
sitive transactions or activities described in subsection (c). 
(c) SENSITIVE TRANSACTION OR ACTIVITY.—A sen-
sitive transaction or activity referred to in subsection (b) 
is— 
(1) a transaction to facilitate the manufacture, 
import, export, or transfer of items needed for the 
development of nuclear, chemical, biological, or ad-
vanced conventional weapons, including ballistic mis-
siles; 
(2) an attempt to interfere in the internal af-
fairs of Iraq or Afghanistan, or equip or train, or
encourage violence by, individuals or groups opposed 
to the governments of those countries; 
(3) a transaction relating to the manufacture, 
procurement, or sale of goods, services, and tech-
nology relating to Iran’s energy sector, including the 
development of the energy resources of Iran, export 
of petroleum products, and import of refined petro-
leum and refining capacity available to Iran; 
(4) a transaction relating to the procurement of 
sensitive technologies (as defined in section 106(c) of 
the Comprehensive Iran Sanctions, Accountability, 
and Divestment Act of 2010 (Public Law 111–195; 
22 U.S.C. 8515(c)); or 
(5) a financial transaction or series of trans-
actions valued at more than $1,000,000 in the ag-
gregate in any 12-month period involving a non-Ira-
nian financial institution. 
(d) INADMISSIBLITY TO UNITED STATES.—The Sec-
retary of State shall deny a visa to, and the Secretary of 
Homeland Security shall deny admission into the United 
States to, any alien who, on or after the date of the enact-
ment of this Act, is a foreign person designated for inclu-
sion in the Annex to Executive Order No. 13382 pursuant 
to subsection (a).
(e) RULE OF CONSTRUCTION.—Nothing in this sec-
tion shall be construed to remove any sanction of the 
United States in force against Iran’s Islamic Revolu-
tionary Guard Corps as of the date of the enactment of 
this Act by reason of the fact that Iran’s Islamic Revolu-
tionary Guard Corps is an entity of the Government of 
Iran. 
SEC. 304. MEASURES AGAINST FOREIGN PERSONS OR ENTI-
TIES SUPPORTING IRAN’S ISLAMIC REVOLU-
TIONARY GUARD CORPS. 
(a) 
IDENTIFICATION
AND
NOTIFICATION.—The 
President shall notify the appropriate congressional com-
mittees in any case in which the President determines that 
there is credible information indicating that a foreign per-
son or foreign entity, on or after the date of the enactment 
of this Act, knowingly— 
(1) provides material support to Iran’s Islamic 
Revolutionary Guard Corps or any foreign person or 
foreign entity that is identified pursuant to section 
303(a) of this Act as an agent, alias, front, instru-
mentality, official, or affiliate of Iran’s Islamic Revo-
lutionary Guard Corps or an individual serving as a 
representative of Iran’s Islamic Revolutionary Guard 
Corps; or
(2) conducts any commercial transaction or fi-
nancial transaction with Iran’s Islamic Revolu-
tionary Guard Corps or any such person or entity. 
(b) WAIVER.— 
(1) IN GENERAL.—Notwithstanding any other 
provision of this title and subject to paragraph (2), 
the President is not required to make any identifica-
tion or designation of or determination with respect 
to a foreign person or foreign entity for purposes of 
this title if doing so would cause damage to the na-
tional security of the United States through the di-
vulgence of sources and methods of intelligence or 
other critical classified information. 
(2) NOTICE
TO
CONGRESS.—The President 
shall notify Congress of any exercise of the authority 
of paragraph (1) and shall include in the notification 
an identification of the foreign person or foreign en-
tity, including a description of the activity or trans-
action that would have caused the identification, des-
ignation, or determination for purposes of this title. 
(c) SANCTIONS.— 
(1) IN GENERAL.—The President shall apply to 
each foreign person or foreign entity identified in a 
notice under subsection (a) for a period determined
by the President a majority of the sanctions de-
scribed in section 106(a) of this Act. 
(2) TERMINATION.—The President may termi-
nate the sanctions applied to a foreign person or for-
eign entity pursuant to paragraph (1) if the Presi-
dent determines that the person or entity no longer 
engages in the activity or activities for which the 
sanctions were imposed and has provided assurances 
to the United States Government that it will not en-
gage in the activity or activities in the future. 
(d) IEEPA SANCTIONS.—The President may exer-
cise the authorities provided under subparagraphs (A) and 
(C) of section 203(a)(1) of the International Emergency 
Economic Powers Act (50 U.S.C. 1702(a)(1)) to impose 
additional sanctions on each foreign person or foreign en-
tity identified pursuant to subsection (a), for such time 
as the President may determine, without regard to section 
202 of that Act. 
(e) WAIVER.—The President may waive the applica-
tion of any measure described in subsection (c) with re-
spect to a foreign person or foreign entity if the Presi-
dent— 
(1)(A) determines that the person or entity has 
ceased the activity that resulted in the notification 
under subsection (a) with respect to the person or
entity (as the case may be) and has taken measures 
to prevent its recurrence; or 
(B) determines and so reports to the appro-
priate congressional committees 15 days prior to the 
exercise of waiver authority that failure to exercise 
such waiver authority would pose an unusual and ex-
traordinary threat to the vital national security in-
terests of the United States; and 
(2) submits to the appropriate congressional 
committees a report that contains the reasons for 
the determination. 
(f) FOREIGN PERSON DEFINED.—In this section, the 
term ‘‘foreign person’’ has the meaning given the term in 
section 112 of this Act. 
SEC. 305. SPECIAL MEASURES AGAINST FOREIGN COUN-
TRIES SUPPORTING IRAN’S ISLAMIC REVOLU-
TIONARY GUARD CORPS. 
(a) SANCTIONS.—With respect to any foreign entity 
identified pursuant to section 304(a) of this Act that is 
an agency of the government of a foreign country, the 
President shall, in addition to applying to the entity the 
sanctions described in section 304(c) of this Act, apply 
to the agency of the government of the foreign country 
the following measures:
(1) No assistance shall be provided to the agen-
cy of the government of the foreign country under 
the Foreign Assistance Act of 1961, or any suc-
cessor Act, or the Arms Export Control Act, or any 
successor Act, other than assistance that is intended 
to benefit the people of the foreign country directly 
and that is not provided through governmental agen-
cies or entities of the foreign country. 
(2) The United States shall oppose any loan or 
financial or technical assistance to the agency of the 
government of the foreign country by international 
financial institutions in accordance with section 701 
of the International Financial Institutions Act (22 
U.S.C. 262d). 
(3) The United States shall deny to the agency 
of the government of the foreign country any credit 
or financial assistance by any department, agency, 
or instrumentality of the United States Government. 
(4) The United States Government shall not 
approve the sale to the agency of the government of 
the foreign country any defense articles or defense 
services or issue any license for the export of items 
on the United States Munitions List. 
(5) No exports to the agency of the government 
of the foreign country shall be permitted of any
goods or technologies controlled for national security 
reasons under the Export Administration Regula-
tions. 
(6) At the earliest practicable date, the Sec-
retary of State shall terminate, in a manner con-
sistent with international law, the authority of any 
air carrier that is controlled in fact by the agency 
of the government of the foreign country to engage 
in air transportation (as defined in section 40102(5) 
of title 49, United States Code). 
(7) Additional restrictions may be imposed in 
accordance with the International Emergency Eco-
nomic Powers Act (50 U.S.C. 1701 et seq.). 
(b) TERMINATION.—The President may terminate 
the sanctions applied to an entity or government of a for-
eign country pursuant to subsection (a) if the President 
determines that the entity or government, as the case may 
be, no longer engages in the activity or activities for which 
the sanctions were imposed and has provided assurances 
to the United States Government that it will not engage 
in the activity or activities in the future. 
(c) WAIVER.—The President may waive the applica-
tion of any measure described in subsection (a) with re-
spect to an entity or government of a foreign country if 
the President—
(1)(A) determines that the entity or govern-
ment, as the case may be, has ceased the activity 
that resulted in the notification under section 304(a) 
of this Act with respect to the entity or government 
and has taken measures to prevent its recurrence; or 
(B) determines and so reports to the appro-
priate congressional committees 15 days prior to the 
exercise of waiver authority that failure to exercise 
such waiver authority would pose an unusual and ex-
traordinary threat to the vital national security in-
terests of the United States; and 
(2) submits to the appropriate congressional 
committees a report that contains the reasons for 
the determination. 
SEC. 306. AUTHORITY OF STATE AND LOCAL GOVERN-
MENTS TO RESTRICT CONTRACTS OR LI-
CENSES FOR CERTAIN SANCTIONABLE PER-
SONS. 
Notwithstanding any other provision of law, a State 
or local government may adopt and enforce measures to 
prohibit the State or local government, as the case may 
be, from entering into or renewing any contract with, or 
granting to or renewing any license for persons that con-
duct business operations in Iran described in section 309 
of this Act.
SEC. 307. IRANIAN ACTIVITIES IN IRAQ AND AFGHANISTAN. 
(a) FREEZING OF ASSETS.—In accordance with sub-
section (b), all property and interests in property of the 
foreign persons described in Executive Order No. 13382 
and Executive Order No. 13224, or their affiliates, that 
are in the United States, that on or after the date of the 
enactment of this Act come within the United States, or 
that on or after the date of the enactment of this Act come 
within the possession or control of United States persons, 
are blocked and may not be transferred, paid, exported, 
withdrawn, or otherwise dealt in with respect to any such 
person determined by the Secretary of State, in consulta-
tion with the Secretary of the Treasury and the Secretary 
of Defense to— 
(1) have committed, or to pose a significant 
risk of committing, an act or acts of violence that 
have the purpose or effect of threatening United 
States efforts to promote security and stability in 
Iraq and Afghanistan; 
(2) have knowingly and materially assisted, 
sponsored, or provided financial, material, logistical, 
or technical support for, or goods or services in sup-
port of, such an act or acts of violence or any person 
or entity whose property and interests in property 
are blocked pursuant this subsection; or
(3) be owned or controlled by, or to have acted 
or purported to act for or on behalf of any person 
whose property and interests in property are blocked 
pursuant to this subsection. 
(b) DESCRIPTION OF PROHIBITIONS.—The prohibi-
tions described in subsection (a) include— 
(1) the making of any contribution or provision 
of funds, goods, or services by, to, or for the benefit 
of any person whose property and interests in prop-
erty are blocked; and 
(2) the receipt of any contribution or provision 
of funds, goods, or services from any such person. 
(c) FINDINGS.—Congress finds that— 
(1) an increase in both the quantity and quality 
of Iranian arms shipments and technological exper-
tise to the Iraqi insurgents, the Taliban, other ter-
rorist organizations and criminal elements has the 
potential to significantly change the battlefield in 
both Iraq and Afghanistan, and lead to a large in-
crease in United States, International Security As-
sistance Force, Coalition and Iraqi and Afghan cas-
ualties; and 
(2) an increase in Iranian activity and influence 
in Iraq threatens the safety and welfare of the resi-
dents of Camp Ashraf.
(d) STATEMENT OF POLICY.—It shall be the policy 
of the United States to urge the Government of Iraq to— 
(1) uphold its commitments to the United 
States to ensure the continued well-being of those 
individuals living in Camp Ashraf; 
(2) prevent the involuntary return of such indi-
viduals to Iran in accordance with the United States 
Embassy Statement on Transfer of Security Respon-
sibility for Camp Ashraf of December 28, 2008; and 
(3) not close Camp Ashraf until the United Na-
tions High Commission for Refugees can complete 
its process, recognize as political refugees the resi-
dents of Camp Ashraf who do not wish to go back 
to Iran, and resettle them in third countries. 
(e) DEFINITIONS.—In this section, the terms ‘‘for-
eign person’’ and ‘‘United States person’’ have the mean-
ings given such terms in section 112 of this Act. 
SEC. 308. UNITED STATES POLICY TOWARD IRAN. 
(a) NATIONAL STRATEGY REQUIRED.—The Presi-
dent shall develop a strategy, to be known as the ‘‘Na-
tional Strategy to Counter Iran’’, that provides strategic 
guidance for activities that support the objective of ad-
dressing, countering, and containing the threats posed by 
Iran. 
(b) ANNUAL REPORT.—
(1) IN GENERAL.—Not later than January 30 
of each year, the President shall transmit to the ap-
propriate congressional committees a report on the 
current and future strategy of the United States to-
ward Iran, and the implementation of the National 
Strategy to Counter Iran required under subsection 
(a). 
(2) FORM.—If the President considers it appro-
priate, the report required under this subsection, or 
appropriate parts thereof, may be transmitted in 
classified form. 
(c) MATTERS TO BE INCLUDED.—The report re-
quired under subsection (b) shall include a description of 
the security posture and objectives of Iran, including at 
least the following: 
(1) A description and assessment of Iranian 
grand strategy and security strategy, including— 
(A) the goals of Iran’s grand strategy and 
security strategy, and strategic objectives; and 
(B) Iranian strategy to achieve such objec-
tives in the Middle East, Europe, Africa, West-
ern Hemisphere, and Asia. 
(2) An assessment of the capabilities of Iran’s 
conventional forces and Iran’s unconventional forces, 
including—
(A) the size and capabilities of Iran’s con-
ventional forces and Iran’s unconventional 
forces; 
(B) an analysis of the formal and informal 
national command authority for Iran’s conven-
tional forces and Iran’s unconventional forces; 
(C) the size and capability of Iranian for-
eign and domestic intelligence and special oper-
ations units, including the Iranian Revolu-
tionary Guard Corps-Quds Force; 
(D) a description and analysis of Iranian 
military doctrine; 
(E) the types and amount of support, in-
cluding funding, lethal and nonlethal supplies, 
and training, provided to groups designated by 
the United States as foreign terrorist organiza-
tions and regional militant groups; and 
(F) an estimate of the levels of funding 
and funding and procurement sources by Iran 
to develop and support Iran’s conventional 
forces and Iran’s unconventional forces. 
(3) An assessment of Iranian strategy and ca-
pabilities related to nuclear, unconventional, and 
missile forces development, including—
(A) a summary and analysis of nuclear 
weapons capabilities; 
(B) an estimate of the amount and sources 
of funding expended by, and an analysis of pro-
curement networks utilized by, Iran to develop 
its nuclear weapons capabilities; 
(C) a summary of the capabilities of Iran’s 
unconventional weapons and Iran’s ballistic 
missile forces and Iran’s cruise missile forces, 
including developments in the preceding year, 
the size of Iran’s ballistic missile forces and 
Iran’s cruise missile forces, and the locations of 
missile launch sites; 
(D) a detailed analysis of the effectiveness 
of Iran’s unconventional weapons and Iran’s 
ballistic missile forces and Iran’s cruise missile 
forces; and 
(E) an estimate of the amount and sources 
of funding expended by, and an analysis of pro-
curement networks utilized by, Iran on pro-
grams to develop a capability to develop uncon-
ventional weapons and Iran’s ballistic missile 
forces and Iran’s cruise missile forces. 
(4) The Government of Iran’s economic strat-
egy, including—
(A) sources of funding for the activities of 
the Government of Iran described in this sec-
tion; 
(B) the role of the Government of Iran in 
the formal and informal sector of the domestic 
Iranian economy; 
(C) evasive and other efforts by the Gov-
ernment of Iran to circumvent international 
and bilateral sanctions regimes; 
(D) the effect of bilateral and multilateral 
sanctions on the ability of Iran to implement its 
grand strategy and security strategy described 
in paragraph (1); and 
(E) Iran’s strategy and efforts to leverage 
economic and political influence, cooperation, 
and activities in the Middle East Europe, Afri-
ca, Western Hemisphere, and Asia. 
(5) Key vulnerabilities identified in paragraph 
(1), and an implementation plan for the National 
Strategy to Counter Iran required under subsection 
(a). 
(6) The United States strategy to— 
(A) address and counter the capabilities of 
Iran’s conventional forces and Iran’s unconven-
tional forces;
(B) disrupt and deny Iranian efforts to de-
velop or augment capabilities related to nuclear, 
unconventional, and missile forces development; 
(C) address the Government of Iran’s eco-
nomic strategy to enable the objectives de-
scribed in this subsection; and 
(D) exploit key vulnerabilities identified in 
this subsection. 
(7) An implementation plan for United States 
strategy described in under paragraph (6). 
(d) CLASSIFIED
ANNEX.—The reports required 
under subsection (b) shall be in unclassified form to the 
greatest extent possible, and may include a classified 
annex where necessary. 
(e) APPROPRIATE CONGRESSIONAL COMMITTEES.— 
In this section, the term ‘‘appropriate congressional com-
mittees’’ means— 
(1) the Committee on Foreign Affairs, the 
Committee on Armed Services, the Committee on 
Appropriations, the Committee on Ways and Means, 
and the Permanent Select Committee on Intelligence 
of the House of Representatives; and 
(2) the Committee on Foreign Relations, the 
Committee on Armed Services, the Committee on 
Appropriations, the Committee on Finance, and the
Permanent Select Committee on Intelligence of the 
Senate. 
SEC. 309. DEFINITIONS. 
Except as otherwise provided, in this title: 
(1) APPROPRIATE
CONGRESSIONAL
COMMIT-
TEES.—The term ‘‘appropriate congressional com-
mittees’’ means— 
(A) the Committee on Foreign Affairs, the 
Committee on Appropriations, the Committee 
on Ways and Means, and the Permanent Select 
Committee on Intelligence of the House of Rep-
resentatives; and 
(B) the Committee on Foreign Relations, 
the Committee on Appropriations, the Com-
mittee on Finance, and the Permanent Select 
Committee on Intelligence of the Senate. 
(2) IRAN’S BALLISTIC MISSILE FORCES.—The 
term ‘‘Iran’s ballistic missile forces’’ includes bal-
listic missiles, goods, and associated equipment and 
those elements of the Government of Iran that em-
ploy such ballistic missiles, goods, and associated 
equipment. 
(3) IRAN’S BALLISTIC MISSILE AND UNCONVEN-
TIONAL WEAPONS.—The term ‘‘Iran’s ballistic mis-
sile and unconventional weapons’’ means Iran’s bal-
listic missile forces and chemical, biological, and ra-
diological weapons programs. 
(4) IRAN’S CRUISE MISSILE FORCES.—The term 
‘‘Iran’s cruise missile forces’’ includes cruise missile 
forces, goods, and associated equipment and those 
elements of the Government of Iran that employ 
such cruise missiles capable of flights less than 500 
kilometers, goods, and associated equipment. 
(5) IRAN’S CONVENTIONAL FORCES.—The term 
‘‘Iran’s conventional forces’’— 
(A) means military forces of Iran designed 
to conduct operations on sea, air, or land, other 
than Iran’s unconventional forces and Iran’s 
ballistic missile forces and Iran’s cruise missile 
forces; and 
(B) includes Iran’s Army, Air Force, Navy, 
domestic law enforcement, and elements of the 
Iran’s Islamic Revolutionary Guard Corps, 
other than Iran’s Islamic Revolutionary Guard 
Corps-Quds Force. 
(6) IRAN’S
UNCONVENTIONAL
FORCES.—The 
term ‘‘Iran’s unconventional forces’’— 
(A) means forces of Iran that carry out 
missions typically associated with special oper-
ations forces; and
(B) includes— 
(i) the Iran’s Islamic Revolutionary 
Guard Corps-Quds Force; 
(ii) paramilitary organizations; 
(iii) formal and informal intelligence 
agencies and entities; and 
(iv) any organization that— 
(I) has been designated as a for-
eign terrorist organization under sec-
tion 219(a) of the Immigration and 
Nationality Act (8 U.S.C. 1189(a)); 
(II) 
receives 
assistance 
from 
Iran; and 
(III) is assessed— 
(aa) as being willing in some 
or all cases of carrying out at-
tacks on behalf of Iran; or 
(bb) as likely to carry out 
attacks in response to an attack 
by another country on Iran or its 
interests. 
(7) AFFILIATE.—The term ‘‘affiliate’’ means 
any individual or entity that controls, is controlled 
by, or is under common control with, the company,
including without limitation direct and indirect sub-
sidiaries of the company. 
(8) BUSINESS OPERATIONS.—The term ‘‘busi-
ness operations’’ means— 
(A) carrying out any of the activities de-
scribed in section 105(a) and (b) of this Act 
that are sanctionable under such section; 
(B) providing sensitive technology (as de-
fined in section 106(c) of the Comprehensive 
Iran Sanctions, Accountability, and Divestment 
Act of 2010 (Public Law 111–195; 22 U.S.C. 
8515(c))) to the Government of Iran; and 
(C) carrying out any of the activities de-
scribed in section 304(a) of this Act . 
(9) COMPANY.—The term ‘‘company’’ means— 
(A) a sole proprietorship, organization, as-
sociation, corporation, partnership, limited li-
ability company, venture, or other entity, its 
subsidiary or affiliate; and 
(B) includes a company owned or con-
trolled by the government of a foreign country, 
that is established or organized under the laws 
of, or has its principal place of business in, 
such foreign country and includes United States 
subsidiaries of the same.
(10) ENTITY.—The term ‘‘entity’’ means a sole 
proprietorship, a partnership, limited liability cor-
poration, association, trust, joint venture, corpora-
tion, or other organization. 
(11) EXECUTIVE AGENCY.—The term ‘‘execu-
tive agency’’ has the meaning given the term in sec-
tion 133 of title 41, United States Code. 
(12) GOVERNMENT OF IRAN.—The term ‘‘Gov-
ernment of Iran’’ includes the Government of Iran, 
any political subdivision, agency, or instrumentality 
thereof, and any person owned or controlled by, or 
acting for or on behalf of, the Government of Iran. 
(13) PETROLEUM RESOURCES.—The term ‘‘pe-
troleum resources’’ has the meaning given the term 
in section 112 of this Act. 
(14) 
SENSITIVE
TECHNOLOGY.—The 
term 
‘‘sensitive technology’’ has the meaning given the 
term in section 106(c) of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 
2010 (Public Law 111–195; 22 U.S.C. 8515(c)). 
SEC. 310. RULE OF CONSTRUCTION. 
Nothing in this title shall be construed to limit the 
authority of the President to otherwise designate foreign 
persons or foreign entities for inclusion in the Annex to 
Executive Order No. 13382 (70 Fed. Reg. 38567; relating
to blocking property of weapons of mass destruction 
proliferators and their supporters). 
TITLE 
IV—IRAN 
FINANCIAL 
SANCTIONS; 
DIVESTMENT 
FROM CERTAIN COMPANIES 
THAT INVEST IN IRAN; AND 
PREVENTION OF DIVERSION 
OF CERTAIN GOODS, SERV-
ICES, AND TECHNOLOGIES TO 
IRAN 
SEC. 401. IRAN FINANCIAL SANCTIONS. 
(a) FINANCIAL INSTITUTION CERTIFICATION.—Sec-
tion 104(e) of the Comprehensive Iran Sanctions, Ac-
countability, and Divestment Act of 2010 (Public Law 
111–195; 22 U.S.C. 8513(e)) is amended by adding at 
the end the following new paragraph: 
‘‘(3) CERTIFICATION.—Not later than 90 days 
after the date of the enactment of this paragraph, 
the Secretary of the Treasury shall prescribe regula-
tions to require any person wholly owned or con-
trolled by a domestic financial institution to provide 
positive certification to the Secretary if such person 
is engaged in corresponding relations or business ac-
tivity with a foreign person or financial institution 
that facilitates transactions from persons and do-
mestic financial institutions described in subsection 
(d).’’. 
(b) CENTRAL BANK OF IRAN.—Section 104(c) of the 
Comprehensive Iran Sanctions, Accountability, and Di-
vestment Act of 2010 (22 U.S.C. 8513(a)) is amended by 
adding at the end the following: 
‘‘(4) CENTRAL BANK OF IRAN.— 
‘‘(A) DETERMINATION.—Not later than 30 
days after the date of the enactment of this 
paragraph, 
the 
President 
shall 
determine 
whether the Central Bank of Iran has— 
‘‘(i) provided financial services in sup-
port of, or otherwise facilitated, the ability 
of Iran to— 
‘‘(I) acquire or develop chemical, 
biological or nuclear weapons, or re-
lated technologies; 
‘‘(II) construct, equip, operate, or 
maintain nuclear enrichment facilities; 
or 
‘‘(III) acquire or develop ballistic 
missiles, cruise missiles, or desta-
bilizing types and amounts of conven-
tional weapons; or
‘‘(ii) facilitated a transaction or pro-
vided financial services for— 
‘‘(I) Iran’s Islamic Revolutionary 
Guard Corps; or 
‘‘(II) 
a 
financial 
institution 
whose property or interests in prop-
erty are subject to sanctions imposed 
pursuant to the International Emer-
gency Economic Powers Act— 
‘‘(aa) in connection with 
Iran’s proliferation of weapons of 
mass destruction or delivery sys-
tems for weapons of mass de-
struction; or 
‘‘(bb) Iran’s support for acts 
of international terrorism. 
‘‘(B) SUBMISSION
TO
CONGRESS.—The 
President shall submit the determination made 
under subparagraph (A) in writing to the Con-
gress, together with the reasons therefor. 
‘‘(C) IMPOSITION OF SANCTIONS.— 
‘‘(i) IN GENERAL.—If the President 
determines under subparagraph (A) that 
the Central Bank of Iran has engaged in 
any of the activities described in that para-
graph, the President shall apply to the 
Central Bank of Iran sanctions pursuant 
to the International Economic Powers Act 
(50 U.S.C. 1701 et seq.), including block-
ing of property and restrictions or prohibi-
tions on financial transactions and the ex-
portation of property. 
‘‘(ii) EFFECTIVE PERIOD OF DESIGNA-
TION.—The President shall maintain the 
sanctions imposed under clause (i) until 
such time as the President determines and 
certifies in writing to the Congress that 
the Central Bank of Iran is no longer en-
gaged in any of the activities described in 
subparagraph (A).’’. 
(c) CONTINUATION IN EFFECT.—Sections 104, 106, 
107, 108, 109, 110, 111, and 115 of the Comprehensive 
Iran Sanctions, Accountability, and Divestment Act of 
2010 shall remain in effect until the President makes the 
certification described in section 606(a) of this Act. 
SEC. 402. DIVESTMENT FROM CERTAIN COMPANIES THAT 
INVEST IN IRAN. 
Title II of the Comprehensive Iran Sanctions, Ac-
countability, and Divestment Act of 2010 shall remain in
100 
effect until the President makes the certification described 
in section 606(a) of this Act. 
SEC. 403. PREVENTION OF DIVERSION OF CERTAIN GOODS, 
SERVICES, AND TECHNOLOGIES TO IRAN. 
Title III of the Comprehensive Iran Sanctions, Ac-
countability, and Divestment Act of 2010 shall remain in 
effect until the President makes the certification described 
in section 606(a) of this Act. 
TITLE V—SECURITIES AND 
EXCHANGE COMMISSION 
SEC. 501. DISCLOSURES TO THE SECURITIES AND EX-
CHANGE 
COMMISSION 
RELATING 
TO 
SANCTIONABLE ACTIVITIES. 
(a) IN GENERAL.—Section 13 of the Securities Ex-
change Act of 1934 (15 U.S.C. 78m) is amended by add-
ing at the end the following new subsection: 
‘‘(r) DISCLOSURE OF CERTAIN ACTIVITIES RELAT-
ING TO IRAN, TERRORISM, AND THE PROLIFERATION OF 
WEAPONS OF MASS DESTRUCTION.— 
‘‘(1) IN GENERAL.—The Commission shall, by 
rule, require any issuer described in paragraph (2) 
to disclose on a quarterly basis a detailed description 
of each activity described in paragraph (2) engaged 
in by the issuer or its affiliates during the period 
covered by the report, including—
101 
‘‘(A) the nature and extent of the activity; 
‘‘(B) the revenues, if any, attributable to 
the activity; and 
‘‘(C) whether the issuer or the affiliate of 
the issuer (as the case may be) intends to con-
tinue the activity. 
‘‘(2) ISSUER
DESCRIBED.—An issuer is de-
scribed in this paragraph if the issuer is required to 
file reports with the Commission under subsection 
(a) and the issuer or any of its affiliates has, during 
the period covered by the report— 
‘‘(A) engaged in an activity described in 
section 105 of the Iran Threat Reduction Act 
of 2011 for which sanctions may be imposed; 
‘‘(B) knowingly engaged in an activity de-
scribed in subsection (c)(2) of section 104 of 
the Comprehensive Iran Sanctions, Account-
ability, and Divestment Act of 2010 (Public 
Law 111–195; 22 U.S.C. 8513) or knowingly 
violated regulations prescribed under subsection 
(d)(1) or (e)(1) of such section 104; or 
‘‘(C) knowingly conducted any transaction 
or dealing with— 
‘‘(i) any person the property and in-
terests in property of which are blocked
102 
pursuant to Executive Order No. 13224 
(66 Fed. Reg. 49079; relating to blocking 
property and prohibiting transacting with 
persons who commit, threaten to commit, 
or support terrorism); 
‘‘(ii) any person the property and in-
terests in property of which are blocked 
pursuant to Executive Order No. 13382 
(70 Fed. Reg. 38567; relating to blocking 
of property of weapons of mass destruction 
proliferators and their supporters); or 
‘‘(iii) any person on the list contained 
in Appendix A to part 560 of title 31, 
Code of Federal Regulations (commonly 
known as the ‘Iranian Transactions Regu-
lations’). 
‘‘(3) SUNSET.—The provisions of this sub-
section and the rules issued by the Commission 
under paragraph (1) shall terminate on the date 
that is 30 days after the date on which the Presi-
dent makes the certification described in section 
401(a) of the Comprehensive Iran Sanctions, Ac-
countability, and Divestment Act of 2010 (22 U.S.C. 
8551(a)).
103 
‘‘(4) INVESTIGATION OF DISCLOSURES.—When 
an issuer reports, pursuant to this subsection, that 
it or any of its affiliates has engaged in any activity 
described in paragraph (2), the President shall— 
‘‘(A) initiate an investigation into the pos-
sible imposition of sanctions under the Iran 
Threat Reduction Act of 2011, section 104 of 
the Comprehensive Iran Sanctions, Account-
ability, and Divestment Act of 2010 (22 U.S.C. 
8513), the Executive orders or regulations spec-
ified in paragraph (2)(C), or any other provi-
sion of law; and 
‘‘(B) not later than 180 days after initi-
ating such an investigation, make a determina-
tion with respect to whether sanctions should be 
imposed with respect to the issuer or the affil-
iate of the issuer (as the case may be).’’. 
(b) EFFECTIVE DATE.—The amendment made by 
subsection (a) shall take effect with respect to reports re-
quired to be filed with the Securities and Exchange Com-
mission after the date that is 90 days after the date of 
the enactment of this Act.
104 
TITLE VI—GENERAL 
PROVISIONS 
SEC. 601. DENIAL OF VISAS FOR CERTAIN PERSONS OF THE 
GOVERNMENT OF IRAN. 
(a) IN GENERAL.—Except as necessary to meet 
United States obligations under the Agreement between 
the United Nations and the United States of America re-
garding the Headquarters of the United Nations, signed 
June 26, 1947, and entered into force November 21, 
1947, and other applicable international treaty obliga-
tions, the Secretary of State shall deny a visa to, and the 
Secretary of Homeland Security shall deny admission into 
the United States to, a person of the Government of Iran 
pursuant to section 6(j)(1)(A) of the Export Administra-
tion Act of 1979 (as in effect pursuant to the Inter-
national Emergency Economic Powers Act; 50 U.S.C. 
1701 et seq.), section 40(d) of the Arms Export Control 
Act (22 U.S.C. 2780(d)), and section 620A of the Foreign 
Assistance Act of 1961 (22 U.S.C. 2371), including a per-
son who is a senior official of the Government of Iran who 
is specified in the list under section 205(a)(1), if the Sec-
retary determines that such person— 
(1) is an agent, instrumentality, or official of, 
is affiliated with, or is serving as a representative of 
the Government of Iran; and
105 
(2) presents a threat to the United States or is 
affiliated with terrorist organizations. 
(b) RESTRICTION ON MOVEMENT.—The Secretary of 
State shall restrict in Washington, D.C., and at the 
United Nations in New York City, the travel to only within 
a 25-mile radius of Washington, D.C., or the United Na-
tions headquarters building, respectively, of any person 
identified in subsection (a). 
(c) RESTRICTION
ON CONTACT.—No person em-
ployed with the United States Government may contact 
in an official or unofficial capacity any person that— 
(1) is an agent, instrumentality, or official of, 
is affiliated with, or is serving as a representative of 
the Government of Iran; and 
(2) presents a threat to the United States or is 
affiliated with terrorist organizations. 
(d) WAIVER.—The President may waive the require-
ments of subsection (c) if the President determines and 
so reports to the appropriate congressional committees 15 
days prior to the exercise of waiver authority that failure 
to exercise such waiver authority would pose an unusual 
and extraordinary threat to the vital national security in-
terests of the United States.
106 
SEC. 602. INADMISSIBILITY OF CERTAIN ALIENS WHO EN-
GAGE IN CERTAIN ACTIVITIES WITH RESPECT 
TO IRAN. 
(a) IN GENERAL.—Section 212(a)(3) of the Immi-
gration and Nationality Act (8 U.S.C. 1182(a)(3)) is 
amended by adding at the end the following: 
‘‘(H) INDIVIDUALS WHO ENGAGE IN CER-
TAIN ACTIVITIES WITH RESPECT TO IRAN.— 
‘‘(i) IN GENERAL.—Subject to clause 
(iii), any alien described in clause (ii) is in-
admissible. 
‘‘(ii) ALIENS
DESCRIBED.—An alien 
described in this clause is an alien who the 
Secretary of State determines— 
‘‘(I) engages in— 
‘‘(aa) an activity for which 
sanctions may be imposed pursu-
ant to section 105(a) of the Iran 
Threat Reduction Act of 2011; 
‘‘(bb) an activity— 
‘‘(AA) relating to the 
proliferation 
by 
Iran 
of 
weapons of mass destruction 
or the means of delivery of 
such weapons; and
107 
‘‘(BB) for which sanc-
tions may be imposed pursu-
ant to Executive Order No. 
13382 (70 Fed. Reg. 38567) 
(or any successor thereto); 
‘‘(cc) an activity— 
‘‘(AA) relating to sup-
port for international ter-
rorism by the Government of 
Iran; and 
‘‘(BB) for which sanc-
tions may be imposed pursu-
ant to Executive Order No. 
13224 (66 Fed. Reg. 49079) 
(or any successor thereto); 
or 
‘‘(dd) any other activity with 
respect to Iran for which sanc-
tions may be imposed pursuant 
to any other provision of law; 
‘‘(II) is the chief executive offi-
cer, president, or other individual in 
charge of overall management of, a 
member of the board of directors of, 
or a shareholder with a controlling in-
108 
terest in, an entity that engages in an 
activity described in subclause (I); or 
‘‘(III) is a spouse or minor child 
of— 
‘‘(aa) an alien who engages 
in an activity described in sub-
clause (I); or 
‘‘(bb) the chief executive of-
ficer, president, or other indi-
vidual in charge of overall man-
agement of, a member of the 
board of directors of, or a share-
holder with a controlling interest 
in, an entity that engages in an 
activity described in subclause 
(I). 
‘‘(iii) NOTICE; WAIVER WITH RESPECT 
TO CERTAIN ENTITIES.— 
‘‘(I) NOTICE.—The Secretary of 
State may notify an alien the Sec-
retary determines may be inadmissible 
under this subparagraph— 
‘‘(aa) that the alien may be 
inadmissible; and
109 
‘‘(bb) of the reason for the 
inadmissibility of the alien. 
‘‘(II) WAIVER.—The President 
may waive the application of this sub-
paragraph and admit an alien to the 
United States if— 
‘‘(aa) the alien is described 
in subclause (II) or (III)(bb) of 
clause (ii); 
‘‘(bb) the entity that en-
gaged in the activity that would 
otherwise result in the inadmis-
sibility of the alien under this 
subparagraph is no longer engag-
ing the activity or has taken sig-
nificant steps toward stopping 
the activity; and 
‘‘(cc) the President has re-
ceived reliable assurances that 
the entity will not knowingly en-
gage in an activity described in 
clause (ii)(I) again.’’. 
(b) REGULATIONS.—Section 428 of the Homeland 
Security Act of 2002 (6 U.S.C. 236) is amended by adding 
at the end the following:
110 
‘‘(j) REGULATIONS WITH RESPECT
TO INADMIS-
SIBILITY OF ALIENS WHO ENGAGE IN CERTAIN TRANS-
ACTIONS WITH IRAN.—Not later than 180 days after the 
date of the enactment of this subsection, the Secretary 
shall issue regulations and guidelines for interpreting and 
enforcing the prohibition under subparagraph (H) of sec-
tion 212(a)(3) of the Immigration and Nationality Act (8 
U.S.C. 1182(a)(3)) on the admissibility of aliens who en-
gage in certain sanctionable activities with respect to 
Iran.’’. 
SEC. 603. AMENDMENTS TO CIVIL AND CRIMINAL PEN-
ALTIES 
PROVISIONS 
UNDER 
THE 
INTER-
NATIONAL EMERGENCY ECONOMIC POWERS 
ACT. 
(a) IN GENERAL.—Section 206 of the International 
Emergency Economic Powers Act (50 U.S.C. 1705) is 
amended— 
(1) in subsection (a), by striking ‘‘attempt to 
violate, conspire to violate’’ and inserting ‘‘attempt 
or conspire to violate’’; 
(2) in subsection (b), by striking ‘‘not to ex-
ceed’’ and all that follows and inserting ‘‘that is not 
less than twice the value of the transaction that is 
the basis of the violation.’’; and 
(3) in subsection (c) to read as follows: