H. R. 1905—17 
(2) FOOD; 
MEDICINE; 
HUMANITARIAN
ASSISTANCE.—The 
President may not impose sanctions under subsection (a) for 
the provision of underwriting services or insurance or reinsur-
ance for any activity relating solely to— 
(A) the provision of agricultural commodities, food, 
medicine, or medical devices to Iran; or 
(B) the provision of humanitarian assistance to the 
people of Iran. 
(3) TERMINATION PERIOD.—The President is authorized not 
to impose sanctions under subsection (a) with respect to a 
person if the President receives reliable assurances that the 
person will terminate the provision of underwriting services 
or insurance or reinsurance for the National Iranian Oil Com-
pany, the National Iranian Tanker Company, and any successor 
entity to either such company, not later than the date that 
is 120 days after the date of the enactment of this Act. 
(c) DEFINITIONS.—In this section: 
(1) AGRICULTURAL
COMMODITY.—The term ‘‘agricultural 
commodity’’ has the meaning given that term in section 102 
of the Agricultural Trade Act of 1978 (7 U.S.C. 5602). 
(2) MEDICAL DEVICE.—The term ‘‘medical device’’ has the 
meaning given the term ‘‘device’’ in section 201 of the Federal 
Food, Drug, and Cosmetic Act (21 U.S.C. 321). 
(3) MEDICINE.—The term ‘‘medicine’’ has the meaning given 
the term ‘‘drug’’ in section 201 of the Federal Food, Drug, 
and Cosmetic Act (21 U.S.C. 321). 
(d) APPLICATION OF PROVISIONS OF IRAN SANCTIONS ACT OF 
1996.—The following provisions of the Iran Sanctions Act of 1996, 
as amended by this Act, apply with respect to the imposition of 
sanctions under subsection (a) to the same extent that such provi-
sions apply with respect to the imposition of sanctions under section 
5(a) of the Iran Sanctions Act of 1996: 
(1) Subsection (c) of section 4. 
(2) Subsections (c), (d), and (f) of section 5. 
(3) Section 8. 
(4) Section 9. 
(5) Section 11. 
(6) Section 12. 
(7) Subsection (b) of section 13. 
(8) Section 14. 
(e) RULE OF CONSTRUCTION AND IMPLEMENTATION.—Nothing 
in this section shall be construed to limit the authority of the 
President to impose sanctions pursuant to the Iran Sanctions Act 
of 1996 (Public Law 104–172; 50 U.S.C. 1701 note), the Comprehen-
sive Iran Sanctions, Accountability, and Divestment Act of 2010 
(22 U.S.C. 8501 et seq.), the International Emergency Economic 
Powers Act (50 U.S.C. 1701 et seq.), section 1245 of the National 
Defense Authorization Act for Fiscal Year 2012 (22 U.S.C. 8513a), 
or any other provision of this Act. 
SEC. 213. IMPOSITION OF SANCTIONS WITH RESPECT TO PURCHASE, 
SUBSCRIPTION TO, OR FACILITATION OF THE ISSUANCE 
OF IRANIAN SOVEREIGN DEBT. 
(a) IN GENERAL.—The President shall impose 5 or more of 
the sanctions described in section 6(a) of the Iran Sanctions Act 
of 1996, as amended by section 204, with respect to a person 
if the President determines that the person knowingly, on or after
H. R. 1905—18 
the date of the enactment of this Act, purchases, subscribes to, 
or facilitates the issuance of— 
(1) sovereign debt of the Government of Iran issued on 
or after such date of enactment, including governmental bonds; 
or 
(2) debt of any entity owned or controlled by the Govern-
ment of Iran issued on or after such date of enactment, 
including bonds. 
(b) APPLICATION OF PROVISIONS OF IRAN SANCTIONS ACT OF 
1996.—The following provisions of the Iran Sanctions Act of 1996, 
as amended by this Act, apply with respect to the imposition of 
sanctions under subsection (a) to the same extent that such provi-
sions apply with respect to the imposition of sanctions under section 
5(a) of the Iran Sanctions Act of 1996: 
(1) Subsection (c) of section 4. 
(2) Subsections (c), (d), and (f) of section 5. 
(3) Section 8. 
(4) Section 9. 
(5) Section 11. 
(6) Section 12. 
(7) Subsection (b) of section 13. 
(8) Section 14. 
SEC. 214. IMPOSITION OF SANCTIONS WITH RESPECT TO SUBSIDIARIES 
AND AGENTS OF PERSONS SANCTIONED BY UNITED 
NATIONS SECURITY COUNCIL RESOLUTIONS. 
(a) IN GENERAL.—Section 104(c)(2)(B) of the Comprehensive 
Iran Sanctions, Accountability, and Divestment Act of 2010 (22 
U.S.C. 8513(c)(2)(B)) is amended— 
(1) by striking ‘‘of a person subject’’ and inserting the 
following: ‘‘of— 
‘‘(i) a person subject’’; 
(2) in clause (i), as designated by paragraph (1), by striking 
the semicolon and inserting ‘‘; or’’; and 
(3) by adding at the end the following: 
‘‘(ii) a person acting on behalf of or at the direction 
of, or owned or controlled by, a person described in 
clause (i);’’. 
(b) REGULATIONS.—Not later than 90 days after the date of 
the enactment of this Act, the Secretary of the Treasury shall 
make such revisions to the regulations prescribed under section 
104 of the Comprehensive Iran Sanctions, Accountability, and 
Divestment Act of 2010 (22 U.S.C. 8513) as are necessary to carry 
out the amendments made by subsection (a). 
SEC. 215. IMPOSITION OF SANCTIONS WITH RESPECT TO TRANS-
ACTIONS WITH PERSONS SANCTIONED FOR CERTAIN 
ACTIVITIES RELATING TO TERRORISM OR PROLIFERA-
TION OF WEAPONS OF MASS DESTRUCTION. 
(a) IN GENERAL.—Section 104(c)(2)(E)(ii) of the Comprehensive 
Iran Sanctions, Accountability, and Divestment Act of 2010 (22 
U.S.C. 8513(c)(2)(E)(ii)) is amended in the matter preceding sub-
clause (I) by striking ‘‘financial institution’’ and inserting ‘‘person’’. 
(b) REGULATIONS.—Not later than 90 days after the date of 
the enactment of this Act, the Secretary of the Treasury shall 
make such revisions to the regulations prescribed under section 
104 of the Comprehensive Iran Sanctions, Accountability, and
H. R. 1905—19 
Divestment Act of 2010 (22 U.S.C. 8513) as are necessary to carry 
out the amendment made by subsection (a). 
SEC. 216. EXPANSION OF, AND REPORTS ON, MANDATORY SANCTIONS 
WITH 
RESPECT 
TO 
FINANCIAL 
INSTITUTIONS 
THAT 
ENGAGE IN CERTAIN ACTIVITIES RELATING TO IRAN. 
(a) IN GENERAL.—The Comprehensive Iran Sanctions, Account-
ability, and Divestment Act of 2010 (22 U.S.C. 8501 et seq.) is 
amended by inserting after section 104 the following: 
‘‘SEC. 104A. EXPANSION OF, AND REPORTS ON, MANDATORY SANC-
TIONS WITH RESPECT TO FINANCIAL INSTITUTIONS THAT 
ENGAGE IN CERTAIN ACTIVITIES. 
‘‘(a) IN GENERAL.—Not later than 90 days after the date of 
the enactment of the Iran Threat Reduction and Syria Human 
Rights Act of 2012, the Secretary of the Treasury shall revise 
the regulations prescribed under section 104(c)(1) to apply to a 
foreign financial institution described in subsection (b) to the same 
extent and in the same manner as those regulations apply to 
a foreign financial institution that the Secretary of the Treasury 
finds knowingly engages in an activity described in section 104(c)(2). 
‘‘(b) FOREIGN FINANCIAL INSTITUTIONS DESCRIBED.—A foreign 
financial institution described in this subsection is a foreign finan-
cial institution, including an Iranian financial institution, that the 
Secretary of the Treasury finds— 
‘‘(1) knowingly facilitates, or participates or assists in, an 
activity described in section 104(c)(2), including by acting on 
behalf of, at the direction of, or as an intermediary for, or 
otherwise assisting, another person with respect to the activity; 
‘‘(2) attempts or conspires to facilitate or participate in 
such an activity; or 
‘‘(3) is owned or controlled by a foreign financial institution 
that the Secretary finds knowingly engages in such an activity. 
‘‘(c) REPORTS REQUIRED.— 
‘‘(1) IN GENERAL.—Not later than 180 days after the date 
of the enactment of the Iran Threat Reduction and Syria 
Human Rights Act of 2012, and every 180 days thereafter, 
the Secretary of the Treasury shall submit to the appropriate 
congressional committees a report that contains a detailed 
description of— 
‘‘(A) the effect of the regulations prescribed under sec-
tion 104(c)(1) on the financial system and economy of Iran 
and capital flows to and from Iran; and 
‘‘(B) the ways in which funds move into and out of 
financial institutions described in section 104(c)(2)(E)(ii), 
with specific attention to the use of other Iranian financial 
institutions and other foreign financial institutions to 
receive and transfer funds for financial institutions 
described in that section. 
‘‘(2) FORM OF REPORT.—Each report submitted under para-
graph (1) shall be submitted in unclassified form but may 
contain a classified annex. 
‘‘(d) DEFINITIONS.—In this section: 
‘‘(1) FINANCIAL INSTITUTION.—The term ‘financial institu-
tion’ means a financial institution specified in subparagraph 
(A), (B), (C), (D), (E), (F), (G), (H), (I), (J), (K), (M), (N), (R), 
or (Y) of section 5312(a)(2) of title 31, United States Code.
H. R. 1905—20 
‘‘(2) FOREIGN FINANCIAL INSTITUTION.—The term ‘foreign 
financial institution’ has the meaning of that term as deter-
mined by the Secretary of the Treasury pursuant to section 
104(i). 
‘‘(3) IRANIAN FINANCIAL INSTITUTION.—The term ‘Iranian 
financial institution’ means— 
‘‘(A) a financial institution organized under the laws 
of Iran or any jurisdiction within Iran, including a foreign 
branch of such an institution; 
‘‘(B) a financial institution located in Iran; 
‘‘(C) a financial institution, wherever located, owned 
or controlled by the Government of Iran; and 
‘‘(D) a financial institution, wherever located, owned 
or controlled by a financial institution described in subpara-
graph (A), (B), or (C).’’. 
(b) CLERICAL AMENDMENT.—The table of contents for the Com-
prehensive Iran Sanctions, Accountability, and Divestment Act of 
2010 is amended by inserting after the item relating to section 
104 the following: 
‘‘Sec. 104A. Expansion of, and reports on, mandatory sanctions with respect to fi-
nancial institutions that engage in certain activities.’’. 
SEC. 217. CONTINUATION IN EFFECT OF SANCTIONS WITH RESPECT 
TO THE GOVERNMENT OF IRAN, THE CENTRAL BANK OF 
IRAN, AND SANCTIONS EVADERS. 
(a) SANCTIONS RELATING TO BLOCKING OF PROPERTY OF THE 
GOVERNMENT
OF IRAN
AND IRANIAN FINANCIAL INSTITUTIONS.— 
United States sanctions with respect to Iran provided for in Execu-
tive Order No. 13599 (77 Fed. Reg. 6659), as in effect on the 
day before the date of the enactment of this Act, shall remain 
in effect until the date that is 90 days after the date on which 
the President submits to the appropriate congressional committees 
the certification described in subsection (d). 
(b) SANCTIONS RELATING TO FOREIGN SANCTIONS EVADERS.— 
United States sanctions with respect to Iran provided for in Execu-
tive Order No. 13608 (77 Fed. Reg. 26409), as in effect on the 
day before the date of the enactment of this Act, shall remain 
in effect until the date that is 30 days after the date on which 
the President submits to the appropriate congressional committees 
the certification described in section 401(a) of the Comprehensive 
Iran Sanctions, Accountability, and Divestment Act of 2010 (22 
U.S.C. 8551(a)). 
(c) CONTINUATION OF SANCTIONS WITH RESPECT TO THE CEN-
TRAL BANK OF IRAN.—In addition to the sanctions referred to in 
subsection (a), the President shall continue to apply to the Central 
Bank of Iran sanctions pursuant to the International Emergency 
Economic Powers Act (50 U.S.C. 1701 et seq.), including blocking 
of property and restrictions or prohibitions on financial transactions 
and the exportation of property, until the date that is 90 days 
after the date on which the President submits to Congress the 
certification described in subsection (d). 
(d) CERTIFICATION DESCRIBED.— 
(1) IN GENERAL.—The certification described in this sub-
section is the certification of the President to Congress that 
the Central Bank of Iran is not— 
(A) providing financial services in support of, or other-
wise facilitating, the ability of Iran to—
H. R. 1905—21 
(i) acquire or develop chemical, biological, or 
nuclear weapons, or related technologies; 
(ii) construct, equip, operate, or maintain nuclear 
facilities that could aid Iran’s effort to acquire a nuclear 
capability; or 
(iii) acquire or develop ballistic missiles, cruise 
missiles, or destabilizing types and amounts of conven-
tional weapons; or 
(B) facilitating transactions or providing financial serv-
ices for— 
(i) Iran’s Revolutionary Guard Corps; or 
(ii) financial institutions the property or interests 
in property of which are blocked pursuant to the Inter-
national Emergency Economic Powers Act (50 U.S.C. 
1701 et seq.) in connection with— 
(I) Iran’s proliferation of weapons of mass 
destruction or delivery systems for weapons of 
mass destruction; or 
(II) Iran’s support for international terrorism. 
(2) SUBMISSION TO CONGRESS.— 
(A) IN GENERAL.—The President shall submit the cer-
tification described in paragraph (1) to the appropriate 
congressional committees in writing and shall include a 
justification for the certification. 
(B) 
FORM
OF
CERTIFICATION.—The 
certification 
described in paragraph (1) shall be submitted in unclassi-
fied form but may contain a classified annex. 
(e) RULE OF CONSTRUCTION.—Nothing in this section shall be 
construed to limit the authority of the President pursuant to the 
International Emergency Economic Powers Act (50 U.S.C. 1701 
et seq.) or the Comprehensive Iran Sanctions, Accountability, and 
Divestment Act of 2010 (22 U.S.C. 8501 et seq.). 
SEC. 218. LIABILITY OF PARENT COMPANIES FOR VIOLATIONS OF 
SANCTIONS BY FOREIGN SUBSIDIARIES. 
(a) DEFINITIONS.—In this section: 
(1) ENTITY.—The term ‘‘entity’’ means a partnership, 
association, trust, joint venture, corporation, or other organiza-
tion. 
(2) OWN OR CONTROL.—The term ‘‘own or control’’ 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, policies, or per-
sonnel decisions of the entity. 
(b) PROHIBITION.—Not later than 60 days after the date of 
the enactment of this Act, the President shall prohibit an entity 
owned or controlled by a United States person and established 
or maintained outside the United States from knowingly engaging 
in any transaction directly or indirectly with the Government of 
Iran or any person subject to the jurisdiction of the Government 
of Iran that would be prohibited by an order or regulation issued 
pursuant to the International Emergency Economic Powers Act 
(50 U.S.C. 1701 et seq.) if the transaction were engaged in by 
a United States person or in the United States.
H. R. 1905—22 
(c) CIVIL PENALTY.—The civil penalties provided for in section 
206(b) of the International Emergency Economic Powers Act (50 
U.S.C. 1705(b)) shall apply to a United States person to the same 
extent that such penalties apply to a person that commits an 
unlawful act described in section 206(a) of that Act if an entity 
owned or controlled by the United States person and established 
or maintained outside the United States violates, attempts to vio-
late, conspires to violate, or causes a violation of any order or 
regulation issued to implement subsection (b). 
(d) APPLICABILITY.—Subsection (c) shall not apply with respect 
to a transaction described in subsection (b) by an entity owned 
or controlled by a United States person and established or main-
tained outside the United States if the United States person divests 
or terminates its business with the entity not later than the date 
that is 180 days after the date of the enactment of this Act. 
SEC. 219. DISCLOSURES TO THE SECURITIES AND EXCHANGE COMMIS-
SION RELATING TO SANCTIONABLE ACTIVITIES. 
(a) IN GENERAL.—Section 13 of the Securities Exchange Act 
of 1934 (15 U.S.C. 78m) is amended by adding at the end the 
following new subsection: 
‘‘(r) DISCLOSURE OF CERTAIN ACTIVITIES RELATING TO IRAN.— 
‘‘(1) IN GENERAL.—Each issuer required to file an annual 
or quarterly report under subsection (a) shall disclose in that 
report the information required by paragraph (2) if, during 
the period covered by the report, the issuer or any affiliate 
of the issuer— 
‘‘(A) knowingly engaged in an activity described in 
subsection (a) or (b) of section 5 of the Iran Sanctions 
Act of 1996 (Public Law 104–172; 50 U.S.C. 1701 note); 
‘‘(B) knowingly engaged in an activity described in 
subsection (c)(2) of section 104 of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010 (22 
U.S.C. 8513) or a transaction described in subsection (d)(1) 
of that section; 
‘‘(C) knowingly engaged in an activity described in 
section 105A(b)(2) of that Act; or 
‘‘(D) knowingly conducted any transaction or dealing 
with— 
‘‘(i) any person the property and interests in prop-
erty of which are blocked pursuant to Executive Order 
No. 13224 (66 Fed. Reg. 49079; relating to blocking 
property and prohibiting transactions with persons who 
commit, threaten to commit, or support terrorism); 
‘‘(ii) any person the property and interests in prop-
erty 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 or entity identified under section 
560.304 of title 31, Code of Federal Regulations 
(relating to the definition of the Government of Iran) 
without the specific authorization of a Federal depart-
ment or agency. 
‘‘(2) INFORMATION REQUIRED.—If an issuer or an affiliate 
of the issuer has engaged in any activity described in paragraph
H. R. 1905—23 
(1), the issuer shall disclose a detailed description of each 
such activity, including— 
‘‘(A) the nature and extent of the activity; 
‘‘(B) the gross revenues and net profits, if any, attrib-
utable to the activity; and 
‘‘(C) whether the issuer or the affiliate of the issuer 
(as the case may be) intends to continue the activity. 
‘‘(3) NOTICE OF DISCLOSURES.—If an issuer reports under 
paragraph (1) that the issuer or an affiliate of the issuer has 
knowingly engaged in any activity described in that paragraph, 
the issuer shall separately file with the Commission, concur-
rently with the annual or quarterly report under subsection 
(a), a notice that the disclosure of that activity has been 
included in that annual or quarterly report that identifies the 
issuer and contains the information required by paragraph 
(2). 
‘‘(4) PUBLIC DISCLOSURE OF INFORMATION.—Upon receiving 
a notice under paragraph (3) that an annual or quarterly report 
includes a disclosure of an activity described in paragraph 
(1), the Commission shall promptly— 
‘‘(A) transmit the report to— 
‘‘(i) the President; 
‘‘(ii) the Committee on Foreign Affairs and the 
Committee on Financial Services of the House of Rep-
resentatives; and 
‘‘(iii) the Committee on Foreign Relations and the 
Committee on Banking, Housing, and Urban Affairs 
of the Senate; and 
‘‘(B) make the information provided in the disclosure 
and the notice available to the public by posting the 
information on the Internet website of the Commission. 
‘‘(5) INVESTIGATIONS.—Upon receiving a report under para-
graph (4) that includes a disclosure of an activity described 
in paragraph (1) (other than an activity described in subpara-
graph (D)(iii) of that paragraph), the President shall— 
‘‘(A) initiate an investigation into the possible imposi-
tion of sanctions under the Iran Sanctions Act of 1996 
(Public Law 104–172; 50 U.S.C. 1701 note), section 104 
or 105A of the Comprehensive Iran Sanctions, Account-
ability, and Divestment Act of 2010, an Executive order 
specified in clause (i) or (ii) of paragraph (1)(D), or any 
other provision of law relating to the imposition of sanctions 
with respect to Iran, as applicable; and 
‘‘(B) not later than 180 days after initiating such an 
investigation, make a determination with respect to 
whether sanctions should be imposed with respect to the 
issuer or the affiliate of the issuer (as the case may be). 
‘‘(6) SUNSET.—The provisions of this subsection shall termi-
nate on the date that is 30 days after the date on which 
the President makes the certification described in section 401(a) 
of the Comprehensive Iran Sanctions, Accountability, and 
Divestment Act of 2010 (22 U.S.C. 8551(a)).’’. 
(b) EFFECTIVE DATE.—The amendment made by subsection (a) 
shall take effect with respect to reports required to be filed with 
the Securities and Exchange Commission after the date that is 
180 days after the date of the enactment of this Act.
H. R. 1905—24 
SEC. 220. REPORTS ON, AND AUTHORIZATION OF IMPOSITION OF SANC-
TIONS WITH RESPECT TO, THE PROVISION OF SPECIAL-
IZED FINANCIAL MESSAGING SERVICES TO THE CENTRAL 
BANK OF IRAN AND OTHER SANCTIONED IRANIAN FINAN-
CIAL INSTITUTIONS. 
(a) SENSE OF CONGRESS.—It is the sense of Congress that— 
(1) providers of specialized financial messaging services 
are a critical link to the international financial system; 
(2) the European Union is to be commended for strength-
ening the multilateral sanctions regime against Iran by 
deciding that specialized financial messaging services may not 
be provided to the Central Bank of Iran and other sanctioned 
Iranian financial institutions by persons subject to the jurisdic-
tion of the European Union; and 
(3) the loss of access by sanctioned Iranian financial institu-
tions to specialized financial messaging services must be main-
tained. 
(b) REPORTS REQUIRED.— 
(1) IN GENERAL.—Not later than 60 days after the date 
of the enactment of this Act, and every 90 days thereafter, 
the Secretary of the Treasury shall submit to the appropriate 
congressional committees a report that contains— 
(A) a list of all persons that the Secretary has identified 
that directly provide specialized financial messaging serv-
ices to, or enable or facilitate direct or indirect access 
to such messaging services for, the Central Bank of Iran 
or a financial institution described in section 104(c)(2)(E)(ii) 
of the Comprehensive Iran Sanctions, Accountability, and 
Divestment Act of 2010 (22 U.S.C. 8513(c)(2)(E)(ii)); and 
(B) a detailed assessment of the status of efforts by 
the Secretary to end the direct provision of such messaging 
services to, and the enabling or facilitation of direct or 
indirect access to such messaging services for, the Central 
Bank of Iran or a financial institution described in that 
section. 
(2) ENABLING OR FACILITATION OF ACCESS TO SPECIALIZED 
FINANCIAL MESSAGING SERVICES THROUGH INTERMEDIARY FINAN-
CIAL INSTITUTIONS.—For purposes of paragraph (1) and sub-
section (c), enabling or facilitating direct or indirect access 
to specialized financial messaging services for the Central Bank 
of Iran or a financial institution described in section 
104(c)(2)(E)(ii) of the Comprehensive Iran Sanctions, Account-
ability, and Divestment Act of 2010 (22 U.S.C. 8513(c)(2)(E)(ii)) 
includes doing so by serving as an intermediary financial 
institution with access to such messaging services. 
(3) FORM OF REPORT.—A report submitted under paragraph 
(1) shall be submitted in unclassified form but may contain 
a classified annex. 
(c) AUTHORIZATION OF IMPOSITION OF SANCTIONS.— 
(1) IN GENERAL.—Except as provided in paragraph (2), if, 
on or after the date that is 90 days after the date of the 
enactment of this Act, a person continues to knowingly and 
directly provide specialized financial messaging services to, or 
knowingly enable or facilitate direct or indirect access to such 
messaging services for, the Central Bank of Iran or a financial 
institution described in paragraph (2)(E)(ii) of section 104(c) 
of the Comprehensive Iran Sanctions, Accountability, and
H. R. 1905—25 
Divestment Act of 2010 (22 U.S.C. 8513(c)), the President may 
impose sanctions pursuant to that section or the International 
Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) with 
respect to the person. 
(2) EXCEPTION.—The President may not impose sanctions 
pursuant to paragraph (1) with respect to a person for directly 
providing specialized financial messaging services to, or 
enabling or facilitating direct or indirect access to such mes-
saging services for, the Central Bank of Iran or a financial 
institution described in section 104(c)(2)(E)(ii) of the Com-
prehensive Iran Sanctions, Accountability, and Divestment Act 
of 2010 (22 U.S.C. 8513(c)(2)(E)(ii)) if— 
(A) the person is subject to a sanctions regime under 
its governing foreign law that requires it to eliminate the 
knowing provision of such messaging services to, and the 
knowing enabling and facilitation of direct or indirect 
access to such messaging services for— 
(i) the Central Bank of Iran; and 
(ii) a group of Iranian financial institutions identi-
fied under such governing foreign law for purposes 
of that sanctions regime if the President determines 
that— 
(I) the group is substantially similar to the 
group of financial institutions described in section 
104(c)(2)(E)(ii) of the Comprehensive Iran Sanc-
tions, Accountability, and Divestment Act of 2010 
(22 U.S.C. 8513(c)(2)(E)(ii)); and 
(II) the differences between those groups of 
financial institutions do not adversely affect the 
national interest of the United States; and 
(B) the person has, pursuant to that sanctions regime, 
terminated the knowing provision of such messaging serv-
ices to, and the knowing enabling and facilitation of direct 
or indirect access to such messaging services for, the Cen-
tral Bank of Iran and each Iranian financial institution 
identified under such governing foreign law for purposes 
of that sanctions regime. 
(d) RULE OF CONSTRUCTION.—Nothing in this section shall be 
construed to limit the authority of the President pursuant to the 
International Emergency Economic Powers Act (50 U.S.C. 1701 
et seq.) or the Comprehensive Iran Sanctions, Accountability, and 
Divestment Act of 2010 (22 U.S.C. 8501 et seq.). 
SEC. 221. IDENTIFICATION OF, AND IMMIGRATION RESTRICTIONS ON, 
SENIOR OFFICIALS OF THE GOVERNMENT OF IRAN AND 
THEIR FAMILY MEMBERS. 
(a) IDENTIFICATION.—Not later than 180 days after the date 
of the enactment of this Act, and annually thereafter, the President 
shall publish a list of each individual the President determines 
is— 
(1) a senior official of the Government of Iran described 
in subsection (b) that is involved in Iran’s— 
(A) illicit nuclear activities or proliferation of weapons 
of mass destruction or delivery systems for weapons of 
mass destruction; 
(B) support for international terrorism; or
H. R. 1905—26 
(C) commission of serious human rights abuses against 
citizens of Iran or their family members; or 
(2) a family member of such an official. 
(b) 
SENIOR
OFFICIALS
OF
THE
GOVERNMENT
OF
IRAN 
DESCRIBED.—A senior official of the Government of Iran described 
in this subsection is any senior official of that Government, 
including— 
(1) the Supreme Leader of Iran; 
(2) the President of Iran; 
(3) a member of the Cabinet of the Government of Iran; 
(4) a member of the Assembly of Experts; 
(5) a senior member of the Intelligence Ministry of Iran; 
or 
(6) a senior member of Iran’s Revolutionary Guard Corps, 
including a senior member of a paramilitary organization such 
as Ansar-e-Hezbollah or Basij-e Motaz’afin. 
(c) EXCLUSION FROM UNITED STATES.—Except as provided in 
subsection (d), the Secretary of State shall deny a visa to, and 
the Secretary of Homeland Security shall exclude from the United 
States, any alien who is on the list required by subsection (a). 
(d) EXCEPTION TO COMPLY WITH UNITED NATIONS HEAD-
QUARTERS AGREEMENT.—Subsection (c) shall not apply to an indi-
vidual if admitting the individual to the United States is necessary 
to permit the United States to comply with the Agreement between 
the United Nations and the United States of America regarding 
the Headquarters of the United Nations, signed June 26, 1947, 
and entered into force November 21, 1947, and other applicable 
international obligations. 
(e) WAIVER.—The President may waive the application of sub-
section (a) or (c) with respect to an individual if the President— 
(1) determines that such a waiver is essential to the 
national interests of the United States; and 
(2) not less than 7 days before the waiver takes effect, 
notifies Congress of the waiver and the reason for the waiver. 
SEC. 222. SENSE OF CONGRESS AND RULE OF CONSTRUCTION 
RELATING TO CERTAIN AUTHORITIES OF STATE AND 
LOCAL GOVERNMENTS. 
(a) SENSE
OF CONGRESS.—It is the sense of Congress that 
the United States should support actions by States or local govern-
ments that are within their authority, including determining how 
investment assets are valued for purposes of safety and soundness 
of financial institutions and insurers, that are consistent with and 
in furtherance of the purposes of this Act and other Acts that 
are amended by this Act. 
(b) RULE OF CONSTRUCTION.—Section 202 of the Comprehensive 
Iran Sanctions, Accountability, and Divestment Act of 2010 (22 
U.S.C. 8532) is amended by adding at the end the following: 
‘‘(j) RULE OF CONSTRUCTION.—Nothing in this Act or any other 
provision of law authorizing sanctions with respect to Iran shall 
be construed to abridge the authority of a State to issue and 
enforce rules governing the safety, soundness, and solvency of a 
financial institution subject to its jurisdiction or the business of 
insurance pursuant to the Act of March 9, 1945 (15 U.S.C. 1011 
et seq.) (commonly known as the ‘McCarran-Ferguson Act’).’’.
H. R. 1905—27 
SEC. 223. GOVERNMENT ACCOUNTABILITY OFFICE REPORT ON FOR-
EIGN ENTITIES THAT INVEST IN THE ENERGY SECTOR OF 
IRAN OR EXPORT REFINED PETROLEUM PRODUCTS TO 
IRAN. 
(a) INITIAL REPORT.— 
(1) IN GENERAL.—Not later than 120 days after the date 
of the enactment of this Act, the Comptroller General of the 
United States shall submit to the appropriate congressional 
committees a report— 
(A) listing all foreign investors in the energy sector 
of Iran during the period specified in paragraph (2), 
including— 
(i) entities that exported gasoline and other refined 
petroleum products to Iran; 
(ii) entities involved in providing refined petroleum 
products to Iran, including— 
(I) entities that provided ships to transport 
refined petroleum products to Iran; and 
(II) entities that provided insurance or reinsur-
ance for shipments of refined petroleum products 
to Iran; and 
(iii) entities involved in commercial transactions 
of any kind, including joint ventures anywhere in the 
world, with Iranian energy companies; and 
(B) identifying the countries in which gasoline and 
other refined petroleum products exported to Iran during 
the period specified in paragraph (2) were produced or 
refined. 
(2) PERIOD SPECIFIED.—The period specified in this para-
graph is the period beginning on January 1, 2009, and ending 
on the date that is 150 days after the date of the enactment 
of this Act. 
(b) UPDATED REPORT.—Not later than one year after submitting 
the report required by subsection (a), the Comptroller General 
of the United States shall submit to the appropriate congressional 
committees a report containing the matters required in the report 
under subsection (a)(1) for the one-year period beginning on the 
date that is 30 days before the date on which the preceding report 
was required to be submitted by this section. 
SEC. 224. REPORTING ON THE IMPORTATION TO AND EXPORTATION 
FROM IRAN OF CRUDE OIL AND REFINED PETROLEUM 
PRODUCTS. 
Section 110(b) of the Comprehensive Iran Sanctions, Account-
ability, and Divestment Act of 2010 (22 U.S.C. 8518(b)) is amended 
by striking ‘‘a report containing the matters’’ and all that follows 
through the period at the end and inserting the following: ‘‘a report, 
covering the 180-day period beginning on the date that is 30 days 
before the date on which the preceding report was required to 
be submitted by this section, that— 
‘‘(1) contains the matters required in the report under 
subsection (a)(1); and 
‘‘(2) identifies— 
‘‘(A) the volume of crude oil and refined petroleum 
products imported to and exported from Iran (including 
through swaps and similar arrangements);
H. R. 1905—28 
‘‘(B) the persons selling and transporting crude oil 
and refined petroleum products described in subparagraph 
(A), the countries with primary jurisdiction over those per-
sons, and the countries in which those products were 
refined; 
‘‘(C) the sources of financing for imports to Iran of 
crude oil and refined petroleum products described in 
subparagraph (A); and 
‘‘(D) the involvement of foreign persons in efforts to 
assist Iran in— 
‘‘(i) developing upstream oil and gas production 
capacity; 
‘‘(ii) importing advanced technology to upgrade 
existing Iranian refineries; 
‘‘(iii) converting existing chemical plants to petro-
leum refineries; or 
‘‘(iv) maintaining, upgrading, or expanding existing 
refineries or constructing new refineries.’’. 
TITLE III—SANCTIONS WITH RESPECT 
TO IRAN’S REVOLUTIONARY GUARD 
CORPS 
Subtitle A—Identification of, and Sanc-
tions With Respect to, Officials, Agents, 
Affiliates, and Supporters of Iran’s Revo-
lutionary Guard Corps and Other Sanc-
tioned Persons 
SEC. 301. IDENTIFICATION OF, AND IMPOSITION OF SANCTIONS WITH 
RESPECT TO, OFFICIALS, AGENTS, AND AFFILIATES OF 
IRAN’S 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 Presi-
dent shall— 
(1) identify foreign persons that are officials, agents, or 
affiliates of Iran’s Revolutionary Guard Corps; and 
(2) for each foreign person identified under paragraph (1) 
that is not already designated for the imposition of sanctions 
pursuant to the International Emergency Economic Powers Act 
(50 U.S.C. 1701 et seq.)— 
(A) designate that foreign person for the imposition 
of sanctions pursuant to that Act; and 
(B) block and prohibit all transactions in all property 
and interests in property of that foreign person if such 
property and interests in property are in the United States, 
come within the United States, or are or come within 
the possession or control of a United States person. 
(b) PRIORITY FOR INVESTIGATION.—In identifying foreign per-
sons pursuant to subsection (a)(1) as officials, agents, or affiliates 
of Iran’s Revolutionary Guard Corps, the President shall give pri-
ority to investigating—
H. R. 1905—29 
(1) foreign persons or entities identified under section 
560.304 of title 31, Code of Federal Regulations (relating to 
the definition of the Government of Iran); and 
(2) foreign persons for which there is a reasonable basis 
to find that the person has conducted or attempted to conduct 
one or more sensitive transactions or activities described in 
subsection (c). 
(c) SENSITIVE TRANSACTIONS
AND ACTIVITIES DESCRIBED.—A 
sensitive transaction or activity described in this subsection is— 
(1) a financial transaction or series of transactions valued 
at more than $1,000,000 in the aggregate in any 12-month 
period involving a non-Iranian financial institution; 
(2) a transaction to facilitate the manufacture, importation, 
exportation, or transfer of items needed for the development 
by Iran of nuclear, chemical, biological, or advanced conven-
tional weapons, including ballistic missiles; 
(3) a transaction relating to the manufacture, procurement, 
or sale of goods, services, and technology relating to Iran’s 
energy sector, including a transaction relating to the develop-
ment of the energy resources of Iran, the exportation of petro-
leum products from Iran, the importation of refined petroleum 
to Iran, or the development of refining capacity available to 
Iran; 
(4) a transaction relating to the manufacture, procurement, 
or sale of goods, services, and technology relating to Iran’s 
petrochemical sector; or 
(5) 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 
(22 U.S.C. 8515(c))). 
(d) EXCLUSION FROM UNITED STATES.— 
(1) IN GENERAL.—Subject to paragraph (2), the Secretary 
of State shall deny a visa to, and the Secretary of Homeland 
Security shall exclude from the United States, any alien who, 
on or after the date of the enactment of this Act, is a foreign 
person designated pursuant to subsection (a) for the imposition 
of sanctions pursuant to the International Emergency Economic 
Powers Act (50 U.S.C. 1701 et seq.). 
(2) REGULATORY
EXCEPTIONS
TO
COMPLY
WITH
INTER-
NATIONAL OBLIGATIONS.—The requirement to deny visas to and 
exclude aliens from the United States pursuant to paragraph 
(1) shall be subject to such regulations as the President may 
prescribe, including regulatory exceptions to permit the United 
States to comply with the Agreement between the United 
Nations and the United States of America regarding the Head-
quarters of the United Nations, signed June 26, 1947, and 
entered into force November 21, 1947, and other applicable 
international obligations. 
(e) WAIVER OF IMPOSITION OF SANCTIONS.— 
(1) IN GENERAL.—The President may waive the application 
of subsection (a) or (d) with respect to a foreign person if 
the President— 
(A) determines that it is vital to the national security 
interests of the United States to do so; and 
(B) submits to the appropriate congressional commit-
tees a report that—
H. R. 1905—30 
(i) identifies the foreign person with respect to 
which the waiver applies; and 
(ii) sets forth the reasons for the determination. 
(2) FORM OF REPORT.—A report submitted under paragraph 
(1)(B) shall be submitted in unclassified form but may contain 
a classified annex. 
(f) RULE OF CONSTRUCTION.—Nothing in this section shall be 
construed to remove any sanction of the United States in force 
with respect to Iran’s Revolutionary Guard Corps as of the date 
of the enactment of this Act. 
SEC. 302. IDENTIFICATION OF, AND IMPOSITION OF SANCTIONS WITH 
RESPECT TO, PERSONS THAT SUPPORT OR CONDUCT CER-
TAIN 
TRANSACTIONS 
WITH 
IRAN’S 
REVOLUTIONARY 
GUARD CORPS OR OTHER SANCTIONED PERSONS. 
(a) IDENTIFICATION.— 
(1) IN GENERAL.—Not later than 90 days after the date 
of the enactment of this Act, and every 180 days thereafter, 
the President shall submit to the appropriate congressional 
committees a report identifying foreign persons that the Presi-
dent determines, on or after the date of the enactment of 
this Act, knowingly— 
(A) materially assist, sponsor, or provide financial, 
material, or technological support for, or goods or services 
in support of, Iran’s Revolutionary Guard Corps or any 
of its officials, agents, or affiliates the property and 
interests in property of which are blocked pursuant to 
the International Emergency Economic Powers Act (50 
U.S.C. 1701 et seq.); 
(B) engage in a significant transaction or transactions 
with Iran’s Revolutionary Guard Corps or any of its offi-
cials, agents, or affiliates— 
(i) the property and interests in property of which 
are blocked pursuant to that Act; or 
(ii) that are identified under section 301(a)(1) or 
pursuant to paragraph (4)(A) of section 104(c) of the 
Comprehensive Iran Sanctions, Accountability, and 
Divestment Act of 2010, as added by section 312; or 
(C) engage in a significant transaction or transactions 
with— 
(i) a person subject to financial sanctions pursuant 
to United Nations Security Council Resolution 1737 
(2006), 1747 (2007), 1803 (2008), or 1929 (2010), or 
any other resolution that is adopted by the Security 
Council and imposes sanctions with respect to Iran 
or modifies such sanctions; or 
(ii) a person acting on behalf of or at the direction 
of, or owned or controlled by, a person described in 
clause (i). 
(2) FORM OF REPORT.—A report submitted under paragraph 
(1) shall be submitted in unclassified form but may contain 
a classified annex. 
(3) BARTER TRANSACTIONS.—For purposes of paragraph (1), 
the term ‘‘transaction’’ includes a barter transaction. 
(b) IMPOSITION
OF SANCTIONS.—If the President determines 
under subsection (a)(1) that a foreign person has knowingly engaged 
in an activity described in that subsection, the President—
H. R. 1905—31 
(1) shall impose 5 or more of the sanctions described in 
section 6(a) of the Iran Sanctions Act of 1996, as amended 
by section 204; and 
(2) may impose additional sanctions pursuant to the Inter-
national Emergency Economic Powers Act (50 U.S.C. 1701 et 
seq.) with respect to the person. 
(c) TERMINATION.—The President may terminate a sanction 
imposed with respect to a foreign person pursuant to subsection 
(b) if the President determines that the person— 
(1) no longer engages in the activity for which the sanction 
was imposed; and 
(2) has provided assurances to the President that the per-
son will not engage in any activity described in subsection 
(a)(1) in the future. 
(d) WAIVER OF IMPOSITION OF SANCTIONS.— 
(1) IN GENERAL.—The President may waive the imposition 
of sanctions under subsection (b) with respect to a foreign 
person if the President— 
(A)(i) determines that the person has ceased the 
activity for which sanctions would otherwise be imposed 
and has taken measures to prevent a recurrence of the 
activity; or 
(ii) determines that it is essential to the national secu-
rity interests of the United States to do so; and 
(B) submits to the appropriate congressional commit-
tees a report that— 
(i) identifies the foreign person with respect to 
which the waiver applies; 
(ii) describes the activity that would otherwise sub-
ject the foreign person to the imposition of sanctions 
under subsection (b); and 
(iii) sets forth the reasons for the determination. 
(2) FORM OF REPORT.—A report submitted under paragraph 
(1)(B) shall be submitted in unclassified form but may contain 
a classified annex. 
(e) WAIVER OF IDENTIFICATIONS AND DESIGNATIONS.—Notwith-
standing any other provision of this subtitle and subject to para-
graph (2), the President shall not be required to make any identifica-
tion of a foreign person under subsection (a) or any identification 
or designation of a foreign person under section 301(a) if the Presi-
dent— 
(1) determines that doing so would cause damage to the 
national security of the United States; and 
(2) notifies the appropriate congressional committees of 
the exercise of the authority provided under this subsection. 
(f) APPLICATION OF PROVISIONS OF IRAN SANCTIONS ACT OF 
1996.—The following provisions of the Iran Sanctions Act of 1996, 
as amended by this Act, apply with respect to the imposition under 
subsection (b)(1) of sanctions relating to activities described in 
subsection (a)(1) to the same extent that such provisions apply 
with respect to the imposition of sanctions under section 5(a) of 
the Iran Sanctions Act of 1996: 
(1) Subsections (c) and (e) of section 4. 
(2) Subsections (c), (d), and (f) of section 5. 
(3) Section 8. 
(4) Section 9. 
(5) Section 11.
H. R. 1905—32 
(6) Section 12. 
(7) Subsection (b) of section 13. 
(8) Section 14. 
SEC. 303. IDENTIFICATION OF, AND IMPOSITION OF MEASURES WITH 
RESPECT TO, FOREIGN GOVERNMENT AGENCIES CAR-
RYING OUT ACTIVITIES OR TRANSACTIONS WITH CERTAIN 
IRAN-AFFILIATED PERSONS. 
(a) IDENTIFICATION.— 
(1) IN GENERAL.—Not later than 120 days after the date 
of the enactment of this Act, and every 180 days thereafter, 
the President shall submit to the appropriate congressional 
committees a report that identifies each agency of the govern-
ment of a foreign country (other than Iran) that the President 
determines knowingly and materially assisted, sponsored, or 
provided financial, material, or technological support for, or 
goods or services in support of, or knowingly and materially 
engaged in a significant transaction with, any person described 
in paragraph (2). 
(2) PERSON DESCRIBED.—A person described in this para-
graph is— 
(A) a foreign person that is an official, agent, or affiliate 
of Iran’s Revolutionary Guard Corps that is designated 
for the imposition of sanctions pursuant to the Inter-
national Emergency Economic Powers Act (50 U.S.C. 1701 
et seq.); 
(B) a foreign person that is designated and subject 
to financial sanctions pursuant to— 
(i) the Annex of United Nations Security Council 
Resolution 1737 (2006); 
(ii) Annex I of United Nations Security Council 
Resolution 1747 (2007); 
(iii) Annex I, II, or III of United Nations Security 
Council Resolution 1803 (2008); 
(iv) Annex I, II, or III of United Nations Security 
Council Resolution 1929 (2010); or 
(v) any subsequent and related United Nations 
Security Council resolution, or any annex thereto, that 
imposes new sanctions with respect to Iran or modifies 
existing sanctions with respect to Iran; or 
(C) a foreign person that the agency knows is acting 
on behalf of or at the direction of, or owned or controlled 
by, a person described in subparagraph (A) or (B). 
(3) FORM OF REPORT.—Each report submitted under para-
graph (1) shall be submitted in unclassified form but may 
contain a classified annex. 
(b) IMPOSITION OF MEASURES.— 
(1) IN GENERAL.—The President may impose any of the 
following measures with respect to an agency identified pursu-
ant to subsection (a) if the President determines that the assist-
ance, exports, or other support to be prohibited by reason 
of the imposition of the measures have contributed and would 
otherwise directly or indirectly contribute to the agency’s capa-
bility to continue the activities or transactions for which the 
agency has been identified pursuant to subsection (a): 
(A) No assistance may be provided to the agency under 
the Foreign Assistance Act of 1961 (22 U.S.C. 2151 et
H. R. 1905—33 
seq.) or the Arms Export Control Act (22 U.S.C. 2751 
et seq.) other than humanitarian assistance or the provision 
of food or other agricultural commodities. 
(B) No sales of any defense articles, defense services, 
or design and construction services under the Arms Export 
Control Act (22 U.S.C. 2751 et seq.) may be made to the 
agency. 
(C) No licenses for export of any item on the United 
States Munitions List that include the agency as a party 
to the license may be granted. 
(D) No exports may be permitted to the agency of 
any goods or technologies controlled for national security 
reasons under the Export Administration Regulations, 
except that such prohibition shall not apply to any trans-
action subject to the reporting requirements of title V of 
the National Security Act of 1947 (50 U.S.C. 413 et seq.; 
relating to congressional oversight of intelligence activities). 
(E) The United States shall oppose any loan or finan-
cial or technical assistance to the agency by international 
financial institutions in accordance with section 701 of 
the International Financial Institutions Act (22 U.S.C. 
262d). 
(F) The United States shall deny to the agency any 
credit or financial assistance by any department, agency, 
or instrumentality of the United States Government, except 
that this paragraph shall not apply— 
(i) to any transaction subject to the reporting 
requirements of title V of the National Security Act 
of 1947 (50 U.S.C. 413 et seq.; relating to congressional 
oversight of intelligence activities); 
(ii) to the provision of medicines, medical equip-
ment, and humanitarian assistance; or 
(iii) to any credit, credit guarantee, or financial 
assistance provided by the Department of Agriculture 
to support the purchase of food or other agricultural 
commodities. 
(G) Additional restrictions as may be imposed pursuant 
to the International Emergency Economic Powers Act (50 
U.S.C. 1701 et seq.). 
(2) RULE OF CONSTRUCTION.—Nothing in this subsection 
shall be construed to impose measures with respect to programs 
under section 1501 of the National Defense Authorization Act 
for Fiscal Year 1997 (50 U.S.C. 2632 note) and programs under 
the Atomic Energy Defense Act (50 U.S.C. 2501 et seq.). 
(c) TERMINATION.—The President may terminate any measures 
imposed with respect to an agency pursuant to subsection (b) if 
the President determines and notifies the appropriate congressional 
committees that— 
(1)(A) a person described in subparagraph (A) or (B) of 
subsection (a)(2) with respect to which the agency is carrying 
out activities or transactions is no longer designated pursuant 
to subparagraph (A) or (B) of subsection (a)(2); or 
(B) any person described in subparagraph (C) of subsection 
(a)(2) with respect to which the agency is carrying out activities 
or transactions is no longer acting on behalf of or at the direc-
tion of, or owned or controlled by, any person described in 
subparagraph (A) or (B) of subsection (a)(2);
H. R. 1905—34 
(2) the agency is no longer carrying out activities or trans-
actions for which the measures were imposed and has provided 
assurances to the United States Government that the agency 
will not carry out the activities or transactions in the future; 
or 
(3) it is essential to the national security interest of the 
United States to terminate such measures. 
(d) WAIVER.—If the President does not impose one or more 
measures described in subsection (b) with respect to an agency 
identified in the report required by subsection (a), the President 
shall include in the subsequent report an explanation as to why 
the President did not impose such measures. 
(e) DEFINITION.—In this section, the term ‘‘appropriate congres-
sional committees’’ means— 
(1) the Committee on Foreign Relations, the Committee 
on Appropriations, the Committee on Armed Services, the Com-
mittee on Banking, Housing, and Urban Affairs, the Committee 
on Finance, and the Select Committee on Intelligence of the 
Senate; and 
(2) the Committee on Foreign Affairs, the Committee on 
Appropriations, the Committee on Armed Services, the Com-
mittee on Financial Services, the Committee on Ways and 
Means, and the Permanent Select Committee on Intelligence 
of the House of Representatives. 
(f) EFFECTIVE DATE.—This section shall take effect on the date 
of the enactment of this Act and apply with respect to activities 
and transactions described in subsection (a) that are carried out 
on or after the later of— 
(1) the date that is 45 days after such date of enactment; 
or 
(2) the date that is 45 days after a person is designated 
as described in subparagraph (A) or (B) of subsection (a)(2). 
SEC. 304. RULE OF CONSTRUCTION. 
Nothing in this subtitle shall be construed to limit the authority 
of the President to designate foreign persons for the imposition 
of sanctions pursuant to the International Emergency Economic 
Powers Act (50 U.S.C. 1701 et seq.). 
Subtitle B—Additional Measures Relating 
to Iran’s Revolutionary Guard Corps 
SEC. 311. EXPANSION OF PROCUREMENT PROHIBITION TO FOREIGN 
PERSONS THAT ENGAGE IN CERTAIN TRANSACTIONS WITH 
IRAN’S REVOLUTIONARY GUARD CORPS. 
(a) IN GENERAL.—Section 6(b)(1) of the Iran Sanctions Act 
of 1996 (Public Law 104–172; 50 U.S.C. 1701 note) is amended— 
(1) by striking ‘‘Not later than 90 days’’ and inserting 
the following: 
‘‘(A) 
CERTIFICATIONS
RELATING
TO
ACTIVITIES 
DESCRIBED IN SECTION 5.—Not later than 90 days’’; and 
(2) by adding at the end the following: 
‘‘(B) CERTIFICATIONS RELATING TO TRANSACTIONS WITH 
IRAN’S REVOLUTIONARY GUARD CORPS.—Not later than 120 
days after the date of the enactment of the Iran Threat
H. R. 1905—35 
Reduction and Syria Human Rights Act of 2012, the Fed-
eral Acquisition Regulation shall be revised to require a 
certification from each person that is a prospective con-
tractor that the person, and any person owned or controlled 
by the person, does not knowingly engage in a significant 
transaction or transactions with Iran’s Revolutionary 
Guard Corps or any of its officials, agents, or affiliates 
the property and interests in property of which are blocked 
pursuant to the International Emergency Economic Powers 
Act (50 U.S.C. 1701 et seq.).’’. 
(b) TECHNICAL AND CONFORMING AMENDMENTS.— 
(1) Section 6(b) of the Iran Sanctions Act of 1996, as 
amended by subsection (a), is further amended— 
(A) in subparagraph (A) of paragraph (1), as designated 
by subsection (a)(1), by striking ‘‘issued pursuant to section 
25 of the Office of Federal Procurement Policy Act (41 
U.S.C. 421)’’; 
(B) in paragraph (2)— 
(i) in subparagraph (A)— 
(I) by striking ‘‘the revision’’ and inserting ‘‘the 
applicable revision’’; and 
(II) by striking ‘‘not more than 3 years’’ and 
inserting ‘‘not less than 2 years’’; and 
(ii) in subparagraph (B), by striking ‘‘issued pursu-
ant to section 25 of the Office of Federal Procurement 
Policy Act (41 U.S.C. 421)’’; 
(C) in paragraph (5), by striking ‘‘in the national 
interest’’ and inserting ‘‘essential to the national security 
interests’’; 
(D) by striking paragraph (6) and inserting the fol-
lowing: 
‘‘(6) DEFINITIONS.—In this subsection: 
‘‘(A) EXECUTIVE AGENCY.—The term ‘executive agency’ 
has the meaning given that term in section 133 of title 
41, United States Code. 
‘‘(B) FEDERAL
ACQUISITION
REGULATION.—The term 
‘Federal Acquisition Regulation’ means the regulation 
issued pursuant to section 1303(a)(1) of title 41, United 
States Code.’’; and 
(E) in paragraph (7)— 
(i) by striking ‘‘The revisions to the Federal 
Acquisition Regulation required under paragraph (1)’’ 
and inserting the following: 
‘‘(A) 
CERTIFICATIONS
RELATING
TO
ACTIVITIES 
DESCRIBED
IN
SECTION
5.—The revisions to the Federal 
Acquisition Regulation required under paragraph (1)(A)’’; 
and 
(ii) by adding at the end the following: 
‘‘(B) CERTIFICATIONS RELATING TO TRANSACTIONS WITH 
IRAN’S REVOLUTIONARY GUARD CORPS.—The revisions to the 
Federal Acquisition Regulation required under paragraph 
(1)(B) shall apply with respect to contracts for which solici-
tations are issued on or after the date that is 120 days 
after the date of the enactment of the Iran Threat Reduc-
tion and Syria Human Rights Act of 2012.’’. 
(2) Section 101(3) of the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010 (22 U.S.C. 8511(3))