(1) The United States and the international 
community face no greater threat to their security 
than the prospect of rogue regimes who support 
international terrorism obtaining weapons of mass 
destruction, and particularly nuclear weapons. 
(2) Iran is the leading state sponsor of inter-
national terrorism and is close to achieving nuclear 
weapons capability but has paid no price for nearly 
twenty years of deception over its nuclear program. 
Foreign entities that have invested in Iran’s energy 
sector, despite Iran’s support of international ter-
rorism and its nuclear program, have afforded Iran 
a free pass while many United States entities have 
unknowingly invested in those same foreign entities. 
(3) United States investors have a great deal at 
stake in preventing Iran from acquiring nuclear 
weapons. 
(4) United States investors can have consider-
able influence over the commercial decisions of the 
foreign entities in which they have invested. 
(b) PUBLICATION
IN
FEDERAL
REGISTER.—Not 
later than six months after the date of the enactment of 
this Act and every six months thereafter, the Secretary 
of State shall ensure publication in the Federal Register 
of a list of all United States and foreign entities that have
invested more than $20,000,000 in Iran’s energy sector 
between August 5, 1996, and the date of such publication. 
Such list shall include an itemization of individual invest-
ments of each such entity, including the dollar value, in-
tended purpose, and current status of each such invest-
ment. 
(c) SENSE OF CONGRESS RELATING TO DIVESTI-
TURE FROM IRAN.—It is the sense of Congress that, upon 
publication of a list in the relevant Federal Register under 
subsection (b), managers of United States Government 
pension plans or thrift savings plans, managers of pension 
plans maintained in the private sector by plan sponsors 
in the United States, and managers of mutual funds sold 
or distributed in the United States should, to the extent 
consistent with the legal and fiduciary duties otherwise im-
posed on them, immediately initiate efforts to divest all 
investments of such plans or funds in any entity included 
on the list. 
(d) SENSE OF CONGRESS RELATING TO PROHIBI-
TION ON FUTURE INVESTMENT.—It is the sense of Con-
gress that, upon publication of a list in the relevant Fed-
eral Register under subsection (b), there should be, to the 
extent consistent with the legal and fiduciary duties other-
wise imposed on them, no future investment in any entity 
included on the list by managers of United States Govern-
ment pension plans or thrift savings plans, managers of 
pension plans maintained in the private sector by plan 
sponsors in the United States, and managers of mutual 
funds sold or distributed in the United States. 
SEC. 207. TECHNICAL AND CONFORMING AMENDMENTS. 
(a) FINDINGS.—Section 2 of the Iran and Libya 
Sanctions Act of 1996 (50 U.S.C. 1701 note) is amended 
by striking paragraph (4). 
(b) DECLARATION OF POLICY.—Section 3 of the Iran 
and Libya Sanctions Act of 1996 (50 U.S.C. 1701 note) 
is amended—
(1) in subsection (a), by striking ‘‘(a) POLICY 
WITH RESPECT TO IRAN.—’’; and 
(2) by striking subsection (b). 
(c) TERMINATION OF SANCTIONS.—Section 8 of the 
Iran and Libya Sanctions Act of 1996 (50 U.S.C. 1701 
note) is amended—
(1) in subsection (a), by striking ‘‘(a) IRAN.—
’’; and 
(2) by striking subsection (b). 
(d) DURATION OF SANCTIONS; PRESIDENTIAL WAIV-
ER.—Section 9(c)(2)(C) of the Iran and Libya Sanctions 
Act of 1996 (50 U.S.C. 1701 note) is amended to read 
as follows:
‘‘(C) an estimate of the significance of the 
provision of the items described in section 5(a) 
or section 5(b) to Iran’s ability to, respectively, 
develop its petroleum resources or its weapons 
of mass destruction or other military capabili-
ties; and’’. 
(e) REPORTS REQUIRED.—Section 10(b)(1) of the 
Iran and Libya Sanctions Act of 1996 (50 U.S.C. 1701 
note) is amended by striking ‘‘and Libya’’ each place it 
appears. 
(f) DEFINITIONS.—Section 14 of the Iran and Libya 
Sanctions Act of 1996 (50 U.S.C. 1701 note) is amend-
ed—
(1) in paragraph (9)—
(A) in the matter preceding subparagraph 
(A), by—
(I) striking ‘‘, or with the Government 
of Libya or a nongovernmental entity in 
Libya,’’; and 
(ii) by striking ‘‘nongovenmental’’ and 
inserting ‘‘nongovernmental’’; and 
(B) in subparagraph (A), by striking ‘‘or 
Libya (as the case may be)’’; 
(2) by striking paragraph (12); and
(3) by redesignating paragraphs (13), (14), 
(15), (16), and (17) as paragraphs (12), (13), (14), 
(15), and (16), respectively. 
(g) SHORT TITLE.—
(1) IN GENERAL.—Section 1 of the Iran and 
Libya Sanctions Act of 1996 (50 U.S.C. 1701 note) 
is amended by striking ‘‘and Libya’’. 
(2) REFERENCES.—Any reference in any other 
provision of law, regulation, document, or other 
record of the United States to the ‘‘Iran and Libya 
Sanctions Act of 1996’’ shall be deemed to be a ref-
erence to the ‘‘Iran Sanctions Act of 1996’’. 
TITLE 
III—DIPLOMATIC 
EF-
FORTS TO CURTAIL IRANIAN 
NUCLEAR 
PROLIFERATION 
AND SPONSORSHIP OF INTER-
NATIONAL TERRORISM 
SEC. 301. DIPLOMATIC EFFORTS. 
(a) SENSE OF CONGRESS RELATING TO UNITED NA-
TIONS SECURITY COUNCIL
AND
THE INTERNATIONAL 
ATOMIC ENERGY AGENCY.—It is the sense of Congress 
that the President should instruct the United States Per-
manent Representative to the United Nations to work to 
secure support at the United Nations Security Council for 
a resolution that would impose sanctions on Iran as a re-