H. R. 2194 
One Hundred Eleventh Congress 
of the 
United States of America 
AT THE SECOND SESSION 
Begun and held at the City of Washington on Tuesday, 
the fifth day of January, two thousand and ten 
An Act 
To amend the Iran Sanctions Act of 1996 to enhance United States diplomatic 
efforts with respect to Iran by expanding economic sanctions against Iran. 
Be it enacted by the Senate and House of Representatives of 
the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the ‘‘Comprehensive 
Iran Sanctions, Accountability, and Divestment Act of 2010’’. 
(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. Sense of Congress regarding the need to impose additional sanctions with 
respect to Iran. 
TITLE I—SANCTIONS 
Sec. 101. Definitions. 
Sec. 102. Expansion of sanctions under the Iran Sanctions Act of 1996. 
Sec. 103. Economic sanctions relating to Iran. 
Sec. 104. Mandatory sanctions with respect to financial institutions that engage in 
certain transactions. 
Sec. 105. 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, elections in Iran. 
Sec. 106. Prohibition on procurement contracts with persons that export sensitive 
technology to Iran. 
Sec. 107. Harmonization of criminal penalties for violations of sanctions. 
Sec. 108. Authority to implement United Nations Security Council resolutions im-
posing sanctions with respect to Iran. 
Sec. 109. Increased capacity for efforts to combat unlawful or terrorist financing. 
Sec. 110. Reports on investments in the energy sector of Iran. 
Sec. 111. Reports on certain activities of foreign export credit agencies and of the 
Export-Import Bank of the United States. 
Sec. 112. Sense of Congress regarding Iran’s Revolutionary Guard Corps and its af-
filiates. 
Sec. 113. Sense of Congress regarding Iran and Hezbollah. 
Sec. 114. Sense of Congress regarding the imposition of multilateral sanctions with 
respect to Iran. 
Sec. 115. Report on providing compensation for victims of international terrorism. 
TITLE II—DIVESTMENT FROM CERTAIN COMPANIES THAT INVEST IN IRAN 
Sec. 201. Definitions. 
Sec. 202. Authority of State and local governments to divest from certain compa-
nies that invest in Iran. 
Sec. 203. Safe harbor for changes of investment policies by asset managers. 
Sec. 204. Sense of Congress regarding certain ERISA plan investments. 
Sec. 205. Technical corrections to Sudan Accountability and Divestment Act of 
2007. 
TITLE III—PREVENTION OF DIVERSION OF CERTAIN GOODS, SERVICES, 
AND TECHNOLOGIES TO IRAN 
Sec. 301. Definitions.
H. R. 2194—2 
Sec. 302. Identification of countries of concern with respect to the diversion of cer-
tain goods, services, and technologies to or through Iran. 
Sec. 303. Destinations of Diversion Concern. 
Sec. 304. Report on expanding diversion concern system to address the diversion of 
United States origin goods, services, and technologies to certain coun-
tries other than Iran. 
Sec. 305. Enforcement authority. 
TITLE IV—GENERAL PROVISIONS 
Sec. 401. General provisions. 
Sec. 402. Determination of budgetary effects. 
SEC. 2. FINDINGS. 
Congress makes the following findings: 
(1) The illicit nuclear activities of the Government of Iran, 
combined with its development of unconventional weapons and 
ballistic missiles and its support for international terrorism, 
represent a threat to the security of the United States, its 
strong ally Israel, and other allies of the United States around 
the world. 
(2) The United States and other responsible countries have 
a vital interest in working together to prevent the Government 
of Iran from acquiring a nuclear weapons capability. 
(3) The International Atomic Energy Agency has repeatedly 
called attention to Iran’s illicit nuclear activities and, as a 
result, the United Nations Security Council has adopted a 
range of sanctions designed to encourage the Government of 
Iran to suspend those activities and comply with its obligations 
under the Treaty on the Non-Proliferation of Nuclear Weapons, 
done at Washington, London, and Moscow July 1, 1968, and 
entered into force March 5, 1970 (commonly known as the 
‘‘Nuclear Non-Proliferation Treaty’’). 
(4) The serious and urgent nature of the threat from Iran 
demands that the United States work together with its allies 
to do everything possible—diplomatically, politically, and 
economically—to prevent Iran from acquiring a nuclear 
weapons capability. 
(5) The United States and its major European allies, 
including the United Kingdom, France, and Germany, have 
advocated that sanctions be strengthened should international 
diplomatic efforts fail to achieve verifiable suspension of Iran’s 
uranium enrichment program and an end to its nuclear 
weapons program and other illicit nuclear activities. 
(6) The Government of Iran continues to engage in serious, 
systematic, and ongoing violations of human rights, including 
suppression of freedom of expression and religious freedom, 
illegitimately prolonged detention, torture, and executions. Such 
violations have increased in the aftermath of the fraudulent 
presidential election in Iran on June 12, 2009. 
(7) The Government of Iran has been unresponsive to Presi-
dent Obama’s unprecedented and serious efforts at engagement, 
revealing that the Government of Iran is not interested in 
a diplomatic resolution, as made clear, for example, by the 
following: 
(A) Iran’s apparent rejection of the Tehran Research 
Reactor plan, generously offered by the United States and 
its partners, of potentially great benefit to the people of 
Iran, and endorsed by Iran’s own negotiators in October 
2009.
H. R. 2194—3 
(B) Iran’s ongoing clandestine nuclear program, as evi-
denced by its work on the secret uranium enrichment 
facility at Qom, its subsequent refusal to cooperate fully 
with inspectors from the International Atomic Energy 
Agency, and its announcement that it would build 10 new 
uranium enrichment facilities. 
(C) Iran’s official notification to the International 
Atomic Energy Agency that it would enrich uranium to 
the 20 percent level, followed soon thereafter by its pro-
viding to that Agency a laboratory result showing that 
Iran had indeed enriched some uranium to 19.8 percent. 
(D) A February 18, 2010, report by the International 
Atomic Energy Agency expressing ‘‘concerns about the pos-
sible existence in Iran of past or current undisclosed activi-
ties related to the development of a nuclear payload for 
a missile. These alleged activities consist of a number 
of projects and sub-projects, covering nuclear and missile 
related aspects, run by military-related organizations.’’. 
(E) A May 31, 2010, report by the International Atomic 
Energy Agency expressing continuing strong concerns 
about Iran’s lack of cooperation with the Agency’s 
verification efforts and Iran’s ongoing enrichment activities, 
which are contrary to the longstanding demands of the 
Agency and the United Nations Security Council. 
(F) Iran’s announcement in April 2010 that it had 
developed a new, faster generation of centrifuges for 
enriching uranium. 
(G) Iran’s ongoing arms exports to, and support for, 
terrorists in direct contravention of United Nations Secu-
rity Council resolutions. 
(H) Iran’s July 31, 2009, arrest of 3 young citizens 
of the United States on spying charges. 
(8) There is an increasing interest by State governments, 
local governments, educational institutions, and private institu-
tions, business firms, and other investors to disassociate them-
selves from companies that conduct business activities in the 
energy sector of Iran, since such business activities may directly 
or indirectly support the efforts of the Government of Iran 
to achieve a nuclear weapons capability. 
(9) Black market proliferation networks continue to flourish 
in the Middle East, allowing countries like Iran to gain access 
to sensitive dual-use technologies. 
(10) Economic sanctions imposed pursuant to the provisions 
of this Act, the Iran Sanctions Act of 1996, as amended by 
this Act, and the International Emergency Economic Powers 
Act (50 U.S.C. 1701 et seq.), and other authorities available 
to the United States to impose economic sanctions to prevent 
Iran from developing nuclear weapons, are necessary to protect 
the essential security interests of the United States. 
SEC. 3. SENSE OF CONGRESS REGARDING THE NEED TO IMPOSE ADDI-
TIONAL SANCTIONS WITH RESPECT TO IRAN. 
It is the sense of Congress that— 
(1) international diplomatic efforts to address Iran’s illicit 
nuclear efforts and support for international terrorism are more 
likely to be effective if strong additional sanctions are imposed 
on the Government of Iran;
H. R. 2194—5 
in Iran to promote civil society and foster humanitarian 
goodwill among the people of Iran; and 
(C) the United States should ensure that the organiza-
tions described in subparagraph (B) are not unnecessarily 
hindered from working in Iran to provide humanitarian, 
human rights, and people-to-people assistance, as appro-
priate, to the people of Iran; 
(9) the United States should not issue a license pursuant 
to an agreement for cooperation (as defined in section 11 b. 
of the Atomic Energy Act of 1954 (42 U.S.C. 2014(b))) for 
the export of nuclear material, facilities, components, or other 
goods, services, or technology that are or would be subject 
to such an agreement to a country that is providing similar 
nuclear material, facilities, components, or other goods, serv-
ices, or technology to another country that is not in full compli-
ance with its obligations under the Nuclear Non-Proliferation 
Treaty, including its obligations under the safeguards agree-
ment between that country and the International Atomic 
Energy Agency, unless the President determines that the provi-
sion of such similar nuclear material, facilities, components, 
or other goods, services, or technology to such other country 
does not undermine the nonproliferation policies and objectives 
of the United States; and 
(10) the people of the United States— 
(A) have feelings of friendship for the people of Iran; 
(B) regret that developments in recent decades have 
created impediments to that friendship; and 
(C) hold the people of Iran, their culture, and their 
ancient and rich history in the highest esteem. 
TITLE I—SANCTIONS 
SEC. 101. DEFINITIONS. 
In this title: 
(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) APPROPRIATE CONGRESSIONAL COMMITTEES.—The term 
‘‘appropriate congressional committees’’ has the meaning given 
that term in section 14 of the Iran Sanctions Act of 1996 
(Public Law 104–172; 50 U.S.C. 1701 note), as amended by 
section 102 of this Act. 
(3) EXECUTIVE AGENCY.—The term ‘‘executive agency’’ has 
the meaning given that term in section 4 of the Office of 
Federal Procurement Policy Act (41 U.S.C. 403). 
(4) FAMILY MEMBER.—The term ‘‘family member’’ means, 
with respect to an individual, a spouse, child, parent, sibling, 
grandchild, or grandparent of the individual. 
(5) IRANIAN DIPLOMATS AND REPRESENTATIVES OF OTHER 
GOVERNMENT AND MILITARY OR QUASI-GOVERNMENTAL INSTITU-
TIONS OF IRAN.—The term ‘‘Iranian diplomat or representative 
of another government or military or quasi-governmental 
institution of Iran’’ means any of the Iranian diplomats and 
representatives of other government and military or quasi- 
governmental institutions of Iran (as that term is defined in
H. R. 2194—6 
section 14 of the Iran Sanctions Act of 1996 (Public Law 104– 
172; 50 U.S.C. 1701 note)). 
(6) 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. 
(7) 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). 
(8) 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). 
(9) STATE.—The term ‘‘State’’ means each of 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 territory or possession of the United States. 
(10) UNITED STATES PERSON.—The term ‘‘United States per-
son’’ means— 
(A) a natural person who is a citizen or resident of 
the United States or a national of the United States (as 
defined in section 101(a) of the Immigration and Nation-
ality Act (8 U.S.C. 1101(a)); and 
(B) an entity that is organized under the laws of the 
United States or any State. 
SEC. 102. EXPANSION OF SANCTIONS UNDER THE IRAN SANCTIONS 
ACT OF 1996. 
(a) IN GENERAL.—Section 5 of the Iran Sanctions Act of 1996 
(Public Law 104–172; 50 U.S.C. 1701 note) is amended— 
(1) by striking subsection (a) and inserting the following: 
‘‘(a) SANCTIONS WITH RESPECT TO THE DEVELOPMENT OF PETRO-
LEUM RESOURCES OF IRAN, PRODUCTION 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 3 or more of the sanctions 
described in section 6(a) with respect to a person if the 
President determines that the person knowingly, on or 
after the date of the enactment of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010— 
‘‘(i) makes an investment described in subpara-
graph (B) of $20,000,000 or more; or 
‘‘(ii) makes a combination of investments 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 
investment 
described in this subparagraph is an investment that 
directly and significantly contributes to the enhancement 
of Iran’s ability to develop petroleum resources. 
‘‘(2) PRODUCTION OF REFINED PETROLEUM PRODUCTS.— 
‘‘(A) IN GENERAL.—Except as provided in subsection 
(f), the President shall impose 3 or more of the sanctions 
described in section 6(a) with respect to a person if the 
President determines that the person knowingly, on or
H. R. 2194—7 
after the date of the enactment of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010, 
sells, leases, or provides to Iran goods, services, technology, 
information, or support described 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 aggre-
gate fair market value of $5,000,000 or more. 
‘‘(B) GOODS, SERVICES, TECHNOLOGY, INFORMATION, OR 
SUPPORT DESCRIBED.—Goods, services, technology, informa-
tion, or support described in this subparagraph are goods, 
services, technology, information, or support that could 
directly and significantly facilitate the maintenance or 
expansion of Iran’s domestic production of refined petro-
leum products, including any direct and significant assist-
ance with respect to the construction, modernization, or 
repair of petroleum refineries. 
‘‘(3) EXPORTATION OF REFINED PETROLEUM PRODUCTS TO 
IRAN.— 
‘‘(A) IN GENERAL.—Except as provided in subsection 
(f), the President shall impose 3 or more of the sanctions 
described in section 6(a) with respect to a person if the 
President determines that the person knowingly, on or 
after the date of the enactment of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010— 
‘‘(i) sells or provides to Iran refined petroleum 
products— 
‘‘(I) that have 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; 
or 
‘‘(ii) sells, leases, or provides to Iran goods, serv-
ices, technology, information, or support described 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, INFORMATION, OR 
SUPPORT DESCRIBED.—Goods, services, technology, informa-
tion, or support described in this subparagraph are goods, 
services, 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), under-
writing or entering into a contract to provide insurance 
or reinsurance for the sale, lease, or provision of such 
goods, services, technology, information, or support; 
‘‘(ii) financing or brokering such sale, lease, or 
provision; or 
‘‘(iii) providing ships or shipping services to deliver 
refined petroleum products to Iran. 
‘‘(C) EXCEPTION
FOR
UNDERWRITERS
AND
INSURANCE 
PROVIDERS EXERCISING DUE DILIGENCE.—The President may 
not impose sanctions under this paragraph with respect
H. R. 2194—8 
to a person that provides underwriting services or insur-
ance or reinsurance if the President determines that the 
person has exercised due diligence in establishing and 
enforcing official policies, procedures, and controls to ensure 
that the person does not underwrite or enter into a contract 
to provide insurance or reinsurance for the sale, lease, 
or provision of goods, services, technology, information, or 
support described in subparagraph (B).’’; 
(2) in subsection (b)— 
(A) by redesignating paragraphs (1) and (2) as subpara-
graphs (A) and (B), respectively, and moving such subpara-
graphs, as so redesignated, 2 ems to the right; 
(B) by striking ‘‘The President shall impose’’ and 
inserting the following: 
‘‘(1) IN GENERAL.—The President shall impose’’; and 
(C) in paragraph (1), as redesignated by subparagraph 
(B) of this paragraph, by striking ‘‘two or more’’ and all 
that follows through ‘‘of this Act’’ and inserting ‘‘3 or more 
of the sanctions described in section 6(a) if the President 
determines that a person has, on or after the date of 
the enactment of the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010’’; and 
(D) by adding at the end the following: 
‘‘(2) ADDITIONAL
MANDATORY
SANCTIONS
RELATING
TO 
TRANSFER OF NUCLEAR TECHNOLOGY.— 
‘‘(A) IN
GENERAL.—Except as provided in subpara-
graphs (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 conventional 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, directly or 
indirectly, to the country the government of which has 
primary jurisdiction over the person, of any nuclear mate-
rial, facilities, components, or other goods, services, or tech-
nology that are or would be subject to an agreement for 
cooperation between the United States and that govern-
ment. 
‘‘(B) EXCEPTION.—The sanctions described in subpara-
graph (A) shall not apply with respect 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 appropriate 
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 reasonable steps 
necessary to prevent a recurrence of the activity and 
to penalize the person for the activity. 
‘‘(C) INDIVIDUAL APPROVAL.—Notwithstanding subpara-
graph (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, facili-
ties, components, or other goods, services, or technology
H. R. 2194—9 
that are or would be subject to an agreement for coopera-
tion, 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, sub-
mits to the Committee on Foreign Affairs of the House 
of Representatives and the Committee on Foreign Rela-
tions of the Senate the justification for approving such 
license, transfer, or retransfer. 
‘‘(D) CONSTRUCTION.—The restrictions in subparagraph 
(A) shall apply in addition to all other applicable proce-
dures, requirements, and restrictions contained in the 
Atomic Energy Act of 1954 and other related laws. 
‘‘(E) DEFINITION.—In this paragraph, the term ‘agree-
ment 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 under subpara-
graph (A) shall apply only in a case in which a person 
is subject to sanctions under paragraph (1) because of 
an activity described in that paragraph in which the person 
engages on or after the date of the enactment of the Com-
prehensive Iran Sanctions, Accountability, and Divestment 
Act of 2010.’’; 
(3) in subsection (c)— 
(A) by striking ‘‘(b)’’ each place it appears and inserting 
‘‘(b)(1)’’; and 
(B) by striking paragraph (2) and inserting the fol-
lowing: 
‘‘(2) any person that— 
‘‘(A) is a successor entity to the person referred to 
in paragraph (1); 
‘‘(B) owns or controls the person referred to in para-
graph (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) 
engaged in the activities referred to in that paragraph; 
or 
‘‘(C) is owned or controlled by, or under common owner-
ship or control with, the person referred to in paragraph 
(1), if the person owned or controlled by, or under common 
ownership 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.’’; and 
(4) in subsection (f)— 
(A) in the matter preceding paragraph (1), by striking 
‘‘(b)’’ and inserting ‘‘(b)(1)’’; and 
(B) in paragraph (2), by striking ‘‘section 301(b)(1) of 
that Act (19 U.S.C. 2511(b)(1))’’ and inserting ‘‘section 
301(b) of that Act (19 U.S.C. 2511(b))’’. 
(b) DESCRIPTION
OF SANCTIONS.—Section 6 of such Act is 
amended— 
(1) by striking ‘‘The sanctions to be imposed’’ and inserting 
the following:
H. R. 2194—10 
‘‘(a) IN GENERAL.—The sanctions to be imposed’’; 
(2) in subsection (a), as redesignated by paragraph (1)— 
(A) by redesignating paragraph (6) as paragraph (9); 
and 
(B) by inserting after paragraph (5) the following: 
‘‘(6) FOREIGN
EXCHANGE.—The President may, pursuant 
to such regulations as the President may prescribe, 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, pursu-
ant to such regulations as the President may prescribe, prohibit 
any transfers of credit or payments between financial institu-
tions or by, through, or to any financial institution, to the 
extent that such transfers or payments are subject to the juris-
diction of the United States and involve any interest of the 
sanctioned person. 
‘‘(8) PROPERTY TRANSACTIONS.—The President may, pursu-
ant to such regulations as the President may prescribe, prohibit 
any person from— 
‘‘(A) acquiring, holding, withholding, using, transfer-
ring, withdrawing, transporting, importing, or exporting 
any property that is subject to the jurisdiction of the United 
States and with respect to which the sanctioned person 
has any interest; 
‘‘(B) dealing in or exercising any right, power, or privi-
lege with respect to such property; or 
‘‘(C) conducting any transaction involving such prop-
erty.’’; and 
(3) by adding at the end the following: 
‘‘(b) ADDITIONAL MEASURE RELATING
TO GOVERNMENT CON-
TRACTS.— 
‘‘(1) MODIFICATION OF FEDERAL ACQUISITION REGULATION.— 
Not later than 90 days after the date of the enactment of 
the Comprehensive Iran Sanctions, Accountability, and Divest-
ment Act of 2010, the Federal Acquisition Regulation issued 
pursuant to section 25 of the Office of Federal Procurement 
Policy Act (41 U.S.C. 421) shall be revised to require a certifi-
cation from each person that is a prospective contractor that 
the person, and any person owned or controlled by the person, 
does not engage in any activity for which sanctions may be 
imposed under section 5. 
‘‘(2) REMEDIES.— 
‘‘(A) IN GENERAL.—If the head of an executive agency 
determines that a person has submitted a false certification 
under paragraph (1) on or after the date on which the 
revision of the Federal Acquisition Regulation required by 
this subsection becomes effective, the head of that executive 
agency shall terminate a contract with such person or 
debar or suspend such person from eligibility for Federal 
contracts for a period of not more than 3 years. Any such 
debarment or suspension shall be subject to the procedures 
that apply to debarment and suspension under the Federal 
Acquisition Regulation under subpart 9.4 of part 9 of title 
48, Code of Federal Regulations.
H. R. 2194—11 
‘‘(B) INCLUSION ON LIST OF PARTIES EXCLUDED FROM 
FEDERAL
PROCUREMENT
AND
NONPROCUREMENT
PRO-
GRAMS.—The Administrator of General Services shall 
include on the List of Parties Excluded from Federal 
Procurement and Nonprocurement Programs maintained 
by the Administrator under part 9 of the Federal Acquisi-
tion Regulation issued pursuant to section 25 of the Office 
of Federal Procurement Policy Act (41 U.S.C. 421) each 
person that is debarred, suspended, or proposed for debar-
ment or suspension by the head of an executive agency 
on the basis of a determination of a false certification 
under subparagraph (A). 
‘‘(3) CLARIFICATION
REGARDING
CERTAIN
PRODUCTS.—The 
remedies set forth 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 that Act (19 U.S.C. 2511(b)). 
‘‘(4) RULE OF CONSTRUCTION.—This subsection shall not 
be construed to limit the use of other remedies 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) WAIVERS.—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, the Com-
mittee on Armed Services of the Senate, and the Committee 
on Armed Services of the House of Representatives, that it 
is in the national interest of the United States to do so. 
‘‘(6) EXECUTIVE AGENCY DEFINED.—In this subsection, the 
term ‘executive agency’ has the meaning given that term in 
section 4 of the Office of Federal Procurement Policy Act (41 
U.S.C. 403). 
‘‘(7) APPLICABILITY.—The revisions to the Federal Acquisi-
tion Regulation required under paragraph (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 the Comprehensive Iran Sanctions, Accountability, and 
Divestment Act of 2010.’’. 
(c) PRESIDENTIAL WAIVER.—Section 9 of such Act is amended— 
(1) in subsection (a), by striking ‘‘5(b)’’ each place it appears 
and inserting ‘‘5(b)(1)’’; and 
(2) in subsection (c)— 
(A) by striking ‘‘section 5(a) or (b)’’ each place it appears 
and inserting ‘‘section 5(a) or 5(b)(1)’’; 
(B) in paragraph (1), by striking ‘‘important to the 
national interest’’ and inserting ‘‘necessary to the national 
interest’’; and 
(C) in paragraph (2), by striking subparagraph (C) 
and inserting the following: 
‘‘(C) an estimate of the significance of the conduct 
of the person in contributing to the ability of Iran to, 
as the case may be— 
‘‘(i) develop petroleum resources, produce refined 
petroleum products, or import refined petroleum prod-
ucts; or
H. R. 2194—12 
‘‘(ii) acquire or develop— 
‘‘(I) chemical, biological, or nuclear weapons 
or related technologies; or 
‘‘(II) destabilizing numbers and types of 
advanced conventional weapons; and’’. 
(d) REPORTS ON GLOBAL TRADE RELATING TO IRAN.—Section 
10 of such Act is amended by adding at the end the following: 
‘‘(d) REPORTS ON GLOBAL TRADE RELATING TO IRAN.—Not later 
than 90 days after the date of the enactment of the Comprehensive 
Iran Sanctions, Accountability, and Divestment Act of 2010, and 
annually thereafter, the President shall submit to the appropriate 
congressional committees 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 Governors.’’. 
(e) EXTENSION OF IRAN SANCTIONS ACT OF 1996.—Section 13(b) 
of such Act is amended by striking ‘‘December 31, 2011’’ and 
inserting ‘‘December 31, 2016’’. 
(f) CLARIFICATION
AND EXPANSION
OF DEFINITIONS.—Section 
14 of such Act is amended— 
(1) in paragraph (2), by striking ‘‘the Committee on Banking 
and Financial Services, and the Committee on International 
Relations’’ and inserting ‘‘the Committee on Financial Services, 
and the Committee on Foreign Affairs’’; 
(2) in paragraph (9), in the flush text following subpara-
graph (C), by striking ‘‘The term ‘investment’ does not include’’ 
and all that follows through ‘‘technology.’’; 
(3) by redesignating paragraphs (12), (13), (14), (15), and 
(16) as paragraphs (13), (14), (15), (17), and (18), respectively; 
(4) by inserting after paragraph (11) the following: 
‘‘(12) 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.’’; 
(5) in paragraph (14), as redesignated by paragraph (3) 
of this subsection— 
(A) by redesignating subparagraphs (A), (B), and (C) 
as clauses (i), (ii), and (iii), respectively, and moving such 
clauses, as so redesignated, 2 ems to the right; 
(B) by striking ‘‘The term ‘person’ means—’’ and 
inserting the following: 
‘‘(A) IN GENERAL.—The term ‘person’ means—’’; 
(C) in subparagraph (A), as redesignated by this para-
graph— 
(i) in clause (ii), by inserting ‘‘financial institution, 
insurer, underwriter, guarantor, and any other busi-
ness organization,’’ after ‘‘trust,’’; and 
(ii) in clause (iii), by striking ‘‘subparagraph (B)’’ 
and inserting ‘‘clause (ii)’’; and 
(D) by adding at the end the following: 
‘‘(B) APPLICATION
TO
GOVERNMENTAL
ENTITIES.—The 
term ‘person’ does not include a government or govern-
mental entity that is not operating as a business enter-
prise.’’; 
(6) in paragraph (15), as redesignated by paragraph (3) 
of this subsection, by striking ‘‘petroleum and natural gas
H. R. 2194—13 
resources’’ and inserting ‘‘petroleum, refined petroleum prod-
ucts, oil or liquefied natural gas, natural gas resources, oil 
or liquefied natural gas tankers, and products used to construct 
or maintain pipelines used to transport oil or liquefied natural 
gas’’; and 
(7) by inserting after paragraph (15), as so redesignated, 
the following: 
‘‘(16) REFINED PETROLEUM PRODUCTS.—The term ‘refined 
petroleum products’ means diesel, gasoline, jet fuel (including 
naphtha-type and kerosene-type jet fuel), and aviation gaso-
line.’’. 
(g) WAIVER
FOR CERTAIN PERSONS
IN CERTAIN COUNTRIES; 
MANDATORY INVESTIGATIONS AND REPORTING; CONFORMING AMEND-
MENTS.—Section 4 of such Act is amended— 
(1) in subsection (b)(2), by striking ‘‘(in addition to that 
provided in subsection (d))’’; 
(2) in subsection (c)— 
(A) in paragraph (1)— 
(i) by striking ‘‘The President may’’ and inserting 
the following: 
‘‘(A) GENERAL WAIVER.—The President may’’; and 
(ii) by adding at the end the following: 
‘‘(B) WAIVER WITH RESPECT TO PERSONS IN COUNTRIES 
THAT COOPERATE IN MULTILATERAL EFFORTS WITH RESPECT 
TO IRAN.—The President may, on a case by case basis, 
waive for a period of not more than 12 months the applica-
tion of section 5(a) with respect to a person if the President, 
at least 30 days before the waiver is to take effect— 
‘‘(i) certifies to the appropriate congressional 
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 tech-
nologies; or 
‘‘(bb) acquiring or developing destabilizing 
numbers and types of advanced conventional 
weapons; and 
‘‘(II) such a waiver is vital to the national 
security interests of the United States; and 
‘‘(ii) submits to the appropriate congressional 
committees a report identifying— 
‘‘(I) the person with respect to which the Presi-
dent waives the application of sanctions; and 
‘‘(II) the actions taken by the government 
described in clause (i)(I) to cooperate in multilat-
eral efforts described in that clause.’’; and 
(B) by striking paragraph (2) and inserting the fol-
lowing: 
‘‘(2) SUBSEQUENT RENEWAL OF WAIVER.—At the conclusion 
of the period of a waiver under subparagraph (A) or (B) of 
paragraph (1), the President may renew the waiver— 
‘‘(A) if the President determines, in accordance with 
subparagraph (A) or (B) of that paragraph (as the case 
may be), that the waiver is appropriate; and
H. R. 2194—14 
‘‘(B)(i) in the case of a waiver under subparagraph 
(A) of paragraph (1), for subsequent periods of not more 
than six months each; and 
‘‘(ii) in the case of a waiver under subparagraph (B) 
of paragraph (1), for subsequent periods of not more than 
12 months each.’’; 
(3) by striking subsection (d); 
(4) by redesignating subsections (e) and (f) as subsections 
(d) and (e), respectively; and 
(5) in subsection (e), as redesignated by paragraph (4) 
of this subsection— 
(A) in paragraph (1)— 
(i) by striking ‘‘should initiate’’ and inserting ‘‘shall 
initiate’’; and 
(ii) by striking ‘‘investment activity in Iran as’’ 
and inserting ‘‘an activity’’; 
(B) in paragraph (2)— 
(i) by striking ‘‘should determine’’ and inserting 
‘‘shall (unless paragraph (3) applies) determine’’; and 
(ii) by striking ‘‘investment activity in Iran as’’ 
and inserting ‘‘an activity’’; and 
(C) by adding at the end the following: 
‘‘(3) SPECIAL RULE.—The President need not initiate an 
investigation, and may terminate an investigation, under this 
subsection if the President certifies in writing to the appropriate 
congressional committees that— 
‘‘(A) the person whose activity was the basis for the 
investigation is no longer engaging in the activity or has 
taken significant verifiable steps toward stopping the 
activity; and 
‘‘(B) the President has received reliable assurances that 
the person will not knowingly engage in an activity 
described in section 5(a) in the future.’’. 
(h) EFFECTIVE DATE.— 
(1) IN GENERAL.—The amendments made by this section 
shall— 
(A) take effect on the date of the enactment of this 
Act; and 
(B) except as provided in this subsection or section 
6(b)(7) of the Iran Sanctions Act of 1996, as amended 
by subsection (b) of this section, apply with respect to 
an investment or activity described in subsection (a) or 
(b) of section 5 of the Iran Sanctions Act of 1996, as 
amended by this section, that is commenced on or after 
such date of enactment. 
(2) APPLICABILITY TO ONGOING INVESTMENTS PROHIBITED 
UNDER
PRIOR
LAW.—A person that makes an investment 
described in section 5(a) of the Iran Sanctions Act of 1996, 
as in effect on the day before the date of the enactment of 
this Act, that is commenced before such date of enactment 
and continues on or after such date of enactment, shall, except 
as provided in paragraph (4), be subject to the provisions of 
the Iran Sanctions Act of 1996, as in effect on the day before 
such date of enactment. 
(3) APPLICABILITY
TO
ONGOING
ACTIVITIES
RELATING
TO 
CHEMICAL, BIOLOGICAL, OR
NUCLEAR
WEAPONS
OR
RELATED
H. R. 2194—16 
paragraph (2) or (3) of section 5(a) of the Iran 
Sanctions Act of 1996, as amended by subsection 
(a) of this section, that is initiated or ongoing 
during the period beginning on the date of the 
enactment of this Act and ending on the date 
on which the President is required to submit the 
report. 
(ii) CERTIFICATION.—If the President submits to 
the appropriate congressional committees, with the 
report required by clause (i), a certification that there 
was a substantial reduction in activities described in 
paragraphs (2) and (3) of section 5(a) of the Iran Sanc-
tions Act of 1996, as amended by subsection (a) of 
this section, during the period described in clause 
(i)(III), the effective date provided for in subparagraph 
(A) shall be delayed for a 180-day period beginning 
after the date provided for in that subparagraph. 
(iii) SUBSEQUENT REPORTS AND DELAYS.—The effec-
tive date provided for in subparagraph (A) shall be 
delayed for additional 180-day periods occurring after 
the end of the 180-day period provided for under clause 
(ii), if, not later than 30 days before the 180-day period 
preceding such additional 180-day period expires, the 
President submits to the appropriate congressional 
committees— 
(I) a report containing the matters required 
in the report under clause (i) for the period begin-
ning on the date on which the preceding report 
was required to be submitted under clause (i) or 
this clause (as the case may be) and ending on 
the date on which the President is required to 
submit the most recent report under this clause; 
and 
(II) a certification that, during the period 
described in subclause (I), there was (as compared 
to the period for which the preceding report was 
submitted under this subparagraph) a progressive 
reduction in activities described in paragraphs (2) 
and (3) of section 5(a) of the Iran Sanctions Act 
of 1996, as amended by subsection (a) of this sec-
tion. 
(iv) CONSEQUENCE OF FAILURE TO CERTIFY.—If the 
President does not make a certification at a time 
required by this subparagraph— 
(I) the amendments made by subsection (g)(5) 
of this section shall apply on and after the date 
on which the certification was required to be sub-
mitted by this subparagraph, with respect to an 
activity described in paragraph (2) or (3) of section 
5(a) of the Iran Sanctions Act of 1996, as amended 
by subsection (a) of this section, that— 
(aa) is referenced in the most recent report 
required to be submitted under this subpara-
graph; or 
(bb) is commenced on or after the date 
on which such most recent report is required 
to be submitted; and
H. R. 2194—17 
(II) not later than 45 days after the date on 
which the certification was required to be sub-
mitted by this subparagraph, the President shall 
make a determination under paragraph (2) or (3) 
of section 5(a) of the Iran Sanctions Act of 1996 
(as the case may be), as amended by subsection 
(a) of this section, with respect to relevant activi-
ties described in subclause (I)(aa). 
(C) APPLICABILITY
OF
PERMISSIVE
INVESTIGATIONS.— 
During the 1-year period beginning on the date of the 
enactment of this Act and during any 180-day period during 
which the effective date provided for in subparagraph (A) 
is delayed pursuant to subparagraph (B), section 4(e) of 
the Iran Sanctions Act of 1996, as amended by subsection 
(g)(5) of this section, shall be applied, with respect to an 
activity described in paragraph (2) or (3) of section 5(a) 
of the Iran Sanctions Act of 1996, as amended by subsection 
(a) of this section, by substituting ‘‘should’’ for ‘‘shall’’ each 
place it appears. 
(6) WAIVER AUTHORITY.—The amendments made by sub-
section (c) shall not be construed to affect any exercise of 
the authority under section 9(c) of the Iran Sanctions Act 
of 1996, as in effect on the day before the date of the enactment 
of this Act. 
SEC. 103. ECONOMIC SANCTIONS RELATING TO IRAN. 
(a) IN GENERAL.—Notwithstanding section 101 of the Iran 
Freedom Support Act (Public Law 109–293; 120 Stat. 1344), and 
in addition to any other sanction in effect, beginning on the date 
that is 90 days after the date of the enactment of this Act, the 
economic sanctions described in subsection (b) shall apply with 
respect to Iran. 
(b) SANCTIONS.—The sanctions described in this subsection are 
the following: 
(1) PROHIBITION ON IMPORTS.— 
(A) IN GENERAL.—Except as provided in subparagraph 
(B), no good or service of Iranian origin may be imported 
directly or indirectly into the United States. 
(B) EXCEPTIONS.—The exceptions provided for in sec-
tion 203(b) of the International Emergency Economic 
Powers Act (50 U.S.C. 1702(b)), including the exception 
for information and informational materials, shall apply 
to the prohibition in subparagraph (A) of this paragraph 
to the same extent that such exceptions apply to the 
authority provided under section 203(a) of that Act. 
(2) PROHIBITION ON EXPORTS.— 
(A) IN GENERAL.—Except as provided in subparagraph 
(B), no good, service, or technology of United States origin 
may be exported to Iran from the United States or by 
a United States person, wherever located. 
(B) EXCEPTIONS.— 
(i) 
PERSONAL
COMMUNICATIONS; 
ARTICLES
TO 
RELIEVE
HUMAN
SUFFERING; 
INFORMATION
AND 
INFORMATIONAL MATERIALS; TRANSACTIONS INCIDENT TO 
TRAVEL.—The exceptions provided for in section 203(b) 
of the International Emergency Economic Powers Act 
(50 U.S.C. 1702(b)), including the exception for
H. R. 2194—18 
information and informational materials, shall apply 
to the prohibition in subparagraph (A) of this para-
graph to the same extent that such exceptions apply 
to the authority provided under section 203(a) of that 
Act. 
(ii) FOOD; MEDICINE; HUMANITARIAN ASSISTANCE.— 
The prohibition in subparagraph (A) shall not apply 
to the exportation of— 
(I) agricultural commodities, food, medicine, 
or medical devices; or 
(II) articles exported to Iran to provide 
humanitarian assistance to the people of Iran. 
(iii) INTERNET COMMUNICATIONS.—The prohibition 
in subparagraph (A) shall not apply to the exportation 
of— 
(I) services incident to the exchange of per-
sonal communications over the Internet or soft-
ware necessary to enable such services, as provided 
for in section 560.540 of title 31, Code of Federal 
Regulations (or any corresponding similar regula-
tion or ruling); 
(II) hardware necessary to enable such serv-
ices; or 
(III) hardware, software, or technology nec-
essary for access to the Internet. 
(iv) GOODS, SERVICES, OR
TECHNOLOGIES
NEC-
ESSARY TO ENSURE THE SAFE OPERATION OF COMMER-
CIAL AIRCRAFT.—The prohibition in subparagraph (A) 
shall not apply to the exportation of goods, services, 
or technologies necessary to ensure the safe operation 
of commercial aircraft produced in the United States 
or commercial aircraft into which aircraft components 
produced in the United States are incorporated, if the 
exportation of such goods, services, or technologies is 
approved by the Secretary of the Treasury, in consulta-
tion with the Secretary of Commerce, pursuant to regu-
lations issued by the Secretary of the Treasury 
regarding the exportation of such goods, services, or 
technologies, if appropriate. 
(v) GOODS, SERVICES, OR TECHNOLOGIES EXPORTED 
TO
SUPPORT
INTERNATIONAL
ORGANIZATIONS.—The 
prohibition in subparagraph (A) shall not apply to the 
exportation of goods, services, or technologies that— 
(I) are provided to the International Atomic 
Energy Agency and are necessary to support activi-
ties of that Agency in Iran; or 
(II) are necessary to support activities, 
including 
the 
activities 
of 
nongovernmental 
organizations, relating to promoting democracy in 
Iran. 
(vi) EXPORTS
IN
THE
NATIONAL
INTEREST.—The 
prohibition in subparagraph (A) shall not apply to the 
exportation of goods, services, or technologies if the 
President determines the exportation of such goods, 
services, or technologies to be in the national interest 
of the United States. 
(3) FREEZING ASSETS.—
H. R. 2194—19 
(A) IN GENERAL.—At such time as the President deter-
mines that a person in Iran, including an Iranian diplomat 
or representative of another government or military or 
quasi-governmental institution of Iran (including Iran’s 
Revolutionary Guard Corps and its affiliates), satisfies the 
criteria for designation with respect to the imposition of 
sanctions under the authority of the International Emer-
gency Economic Powers Act (50 U.S.C. 1701 et seq.), the 
President shall take such action as may be necessary to 
freeze, as soon as possible— 
(i) the funds and other assets belonging to that 
person; and 
(ii) any funds or other assets that person transfers, 
on or after the date on which the President determines 
the person satisfies such criteria, to any family member 
or associate acting for or on behalf of the person. 
(B) REPORTS TO THE OFFICE OF FOREIGN ASSETS CON-
TROL.—The action described in subparagraph (A) includes 
requiring any United States financial institution that holds 
funds or assets of a person described in that subparagraph 
or funds or assets that person transfers to a family member 
or associate described in that subparagraph to report 
promptly to the Office of Foreign Assets Control informa-
tion regarding such funds and assets. 
(C) REPORTS TO CONGRESS.—Not later than 14 days 
after a decision is made to freeze the funds or assets 
of any person under subparagraph (A), the President shall 
report the name of the person to the appropriate congres-
sional committees. Such a report may contain a classified 
annex. 
(D) TERMINATION.—The President shall release assets 
or funds frozen under subparagraph (A) if the person to 
which the assets or funds belong or the person that trans-
fers the assets or funds as described in subparagraph (A)(ii) 
(as the case may be) no longer satisfies the criteria for 
designation with respect to the imposition of sanctions 
under the authority of the International Emergency Eco-
nomic Powers Act (50 U.S.C. 1701 et seq.). 
(E) UNITED STATES FINANCIAL INSTITUTION DEFINED.— 
In this paragraph, the term ‘‘United States financial 
institution’’ means a financial institution (as defined in 
section 14 of the Iran Sanctions Act of 1996 (Public Law 
104–172; 50 U.S.C. 1701 note)) that is a United States 
person. 
(c) PENALTIES.—The penalties provided for in subsections (b) 
and (c) of section 206 of the International Emergency Economic 
Powers Act (50 U.S.C. 1705) shall apply to a person that violates, 
attempts to violate, conspires to violate, or causes a violation of 
this section or regulations prescribed under this section to the 
same extent that such penalties apply to a person that commits 
an unlawful act described in section 206(a) of that Act. 
(d) REGULATORY AUTHORITY.— 
(1) IN GENERAL.—The President shall prescribe regulations 
to carry out this section, which may include regulatory excep-
tions to the sanctions described in subsection (b). 
(2) APPLICABILITY OF CERTAIN REGULATIONS.—No exception 
to the prohibition under subsection (b)(1) may be made for
H. R. 2194—20 
the commercial importation of an Iranian origin good described 
in section 560.534(a) of title 31, Code of Federal Regulations 
(as in effect on the day before the date of the enactment 
of this Act), unless the President— 
(A) prescribes a regulation providing for such an excep-
tion on or after the date of the enactment of this Act; 
and 
(B) submits to the appropriate congressional commit-
tees— 
(i) a certification in writing that the exception 
is in the national interest of the United States; and 
(ii) a report describing the reasons for the excep-
tion. 
SEC. 104. MANDATORY SANCTIONS WITH RESPECT TO FINANCIAL 
INSTITUTIONS THAT ENGAGE IN CERTAIN TRANSACTIONS. 
(a) FINDINGS.—Congress makes the following findings: 
(1) The Financial Action Task Force is an intergovern-
mental body whose purpose is to develop and promote national 
and international policies to combat money laundering and 
terrorist financing. 
(2) Thirty-three countries, plus the European Commission 
and the Cooperation Council for the Arab States of the Gulf, 
belong to the Financial Action Task Force. The member coun-
tries of the Financial Action Task Force include the United 
States, Canada, most countries in western Europe, Russia, 
the People’s Republic of China, Japan, South Korea, Argentina, 
and Brazil. 
(3) In 2008 the Financial Action Task Force extended its 
mandate to include addressing ‘‘new and emerging threats such 
as proliferation financing’’, meaning the financing of the pro-
liferation of weapons of mass destruction, and published ‘‘guid-
ance papers’’ for members to assist them in implementing var-
ious United Nations Security Council resolutions dealing with 
weapons of mass destruction, including United Nations Security 
Council Resolutions 1737 (2006) and 1803 (2008), which deal 
specifically with proliferation by Iran. 
(4) The Financial Action Task Force has repeatedly called 
on members— 
(A) to advise financial institutions in their jurisdictions 
to give special attention to business relationships and 
transactions with Iran, including Iranian companies and 
financial institutions; 
(B) to apply effective countermeasures to protect their 
financial sectors from risks relating to money laundering 
and financing of terrorism that emanate from Iran; 
(C) to protect against correspondent relationships being 
used by Iran and Iranian companies and financial institu-
tions to bypass or evade countermeasures and risk-mitiga-
tion practices; and 
(D) to take into account risks relating to money laun-
dering and financing of terrorism when considering 
requests by Iranian financial institutions to open branches 
and subsidiaries in their jurisdictions. 
(5) At a February 2010 meeting of the Financial Action 
Task Force, the Task Force called on members to apply counter-
measures ‘‘to protect the international financial system from
H. R. 2194—21 
the ongoing and substantial money laundering and terrorist 
financing (ML/TF) risks’’ emanating from Iran. 
(b) SENSE OF CONGRESS REGARDING THE IMPOSITION OF SANC-
TIONS ON THE CENTRAL BANK OF IRAN.—Congress— 
(1) acknowledges the efforts of the United Nations Security 
Council to impose limitations on transactions involving Iranian 
financial institutions, including the Central Bank of Iran; and 
(2) urges the President, in the strongest terms, to consider 
immediately using the authority of the President to impose 
sanctions on the Central Bank of Iran and any other Iranian 
financial institution engaged in proliferation activities or sup-
port of terrorist groups. 
(c) PROHIBITIONS AND CONDITIONS WITH RESPECT TO CERTAIN 
ACCOUNTS HELD BY FOREIGN FINANCIAL INSTITUTIONS.— 
(1) IN GENERAL.—Not later than 90 days after the date 
of the enactment of this Act, the Secretary of the Treasury 
shall prescribe regulations to prohibit, or impose strict condi-
tions on, the opening or maintaining in the United States 
of a correspondent account or a payable-through account by 
a foreign financial institution that the Secretary finds know-
ingly engages in an activity described in paragraph (2). 
(2) ACTIVITIES DESCRIBED.—A foreign financial institution 
engages in an activity described in this paragraph if the foreign 
financial institution— 
(A) facilitates the efforts of the Government of Iran 
(including efforts of Iran’s Revolutionary Guard Corps or 
any of its agents or affiliates)— 
(i) to acquire or develop weapons of mass destruc-
tion or delivery systems for weapons of mass destruc-
tion; or 
(ii) to provide support for organizations designated 
as foreign terrorist organizations under section 219(a) 
of the Immigration and Nationality Act (8 U.S.C. 
1189(a)) or support for acts of international terrorism 
(as defined in section 14 of the Iran Sanctions Act 
of 1996 (Public Law 104–172; 50 U.S.C. 1701 note)); 
(B) facilitates the activities of a person subject to finan-
cial sanctions pursuant to United Nations Security Council 
Resolution 1737 (2006), 1747 (2007), 1803 (2008), or 1929 
(2010), or any other resolution that is agreed to by the 
Security Council and imposes sanctions with respect to 
Iran; 
(C) engages in money laundering to carry out an 
activity described in subparagraph (A) or (B); 
(D) facilitates efforts by the Central Bank of Iran or 
any other Iranian financial institution to carry out an 
activity described in subparagraph (A) or (B); or 
(E) facilitates a significant transaction or transactions 
or provides significant financial services for— 
(i) Iran’s Revolutionary Guard Corps or any of 
its agents or affiliates whose property or interests in 
property are blocked pursuant to the International 
Emergency Economic Powers Act (50 U.S.C. 1701 et 
seq.); or 
(ii) a financial institution whose property or 
interests in property are blocked pursuant to that Act 
in connection with—
H. R. 2194—22 
(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. 
(3) PENALTIES.—The penalties provided for in subsections 
(b) and (c) of section 206 of the International Emergency Eco-
nomic Powers Act (50 U.S.C. 1705) shall apply to a person 
that violates, attempts to violate, conspires to violate, or causes 
a violation of regulations prescribed under paragraph (1) of 
this subsection to the same extent that such penalties apply 
to a person that commits an unlawful act described in section 
206(a) of that Act. 
(d) PENALTIES
FOR DOMESTIC FINANCIAL INSTITUTIONS
FOR 
ACTIONS OF PERSONS OWNED OR CONTROLLED BY SUCH FINANCIAL 
INSTITUTIONS.— 
(1) IN GENERAL.—Not later than 90 days after the date 
of the enactment of this Act, the Secretary of the Treasury 
shall prescribe regulations to prohibit any person owned or 
controlled by a domestic financial institution from knowingly 
engaging in a transaction or transactions with or benefitting 
Iran’s Revolutionary Guard Corps or any of its agents or affili-
ates whose property or interests in property are blocked pursu-
ant to the International Emergency Economic Powers Act (50 
U.S.C. 1701 et seq.). 
(2) PENALTIES.—The penalties provided for in section 206(b) 
of the International Emergency Economic Powers Act (50 U.S.C. 
1705(b)) shall apply to a domestic financial institution 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— 
(A) a person owned or controlled by the domestic finan-
cial institution violates, attempts to violate, conspires to 
violate, or causes a violation of regulations prescribed under 
paragraph (1) of this subsection; and 
(B) the domestic financial institution knew or should 
have known that the person violated, attempted to violate, 
conspired to violate, or caused a violation of such regula-
tions. 
(e) REQUIREMENTS FOR FINANCIAL INSTITUTIONS MAINTAINING 
ACCOUNTS FOR FOREIGN FINANCIAL INSTITUTIONS.— 
(1) IN GENERAL.—The Secretary of the Treasury shall pre-
scribe regulations to require a domestic financial institution 
maintaining a correspondent account or payable-through 
account in the United States for a foreign financial institution 
to do one or more of the following: 
(A) Perform an audit of activities described in sub-
section (c)(2) that may be carried out by the foreign finan-
cial institution. 
(B) Report to the Department of the Treasury with 
respect to transactions or other financial services provided 
with respect to any such activity. 
(C) Certify, to the best of the knowledge of the domestic 
financial institution, that the foreign financial institution 
is not knowingly engaging in any such activity. 
(D) Establish due diligence policies, procedures, and 
controls, such as the due diligence policies, procedures, 
and controls described in section 5318(i) of title 31, United 
States Code, reasonably designed to detect whether the
H. R. 2194—23 
Secretary of the Treasury has found the foreign financial 
institution to knowingly engage in any such activity. 
(2) PENALTIES.—The penalties provided for in sections 
5321(a) and 5322 of title 31, United States Code, shall apply 
to a person that violates a regulation prescribed under para-
graph (1) of this subsection, in the same manner and to the 
same extent as such penalties would apply to any person that 
is otherwise subject to such section 5321(a) or 5322. 
(f) WAIVER.—The Secretary of the Treasury may waive the 
application of a prohibition or condition imposed with respect to 
a foreign financial institution pursuant to subsection (c) or the 
imposition of a penalty under subsection (d) with respect to a 
domestic financial institution on and after the date that is 30 
days after the Secretary— 
(1) determines that such a waiver is necessary to the 
national interest of the United States; and 
(2) submits to the appropriate congressional committees 
a report describing the reasons for the determination. 
(g) PROCEDURES FOR JUDICIAL REVIEW OF CLASSIFIED INFORMA-
TION.— 
(1) IN GENERAL.—If a finding under subsection (c)(1), a 
prohibition, condition, or penalty imposed as a result of any 
such finding, or a penalty imposed under subsection (d), is 
based on classified information (as defined in section 1(a) of 
the Classified Information Procedures Act (18 U.S.C. App.)) 
and a court reviews the finding or the imposition of the prohibi-
tion, condition, or penalty, the Secretary of the Treasury may 
submit such information to the court ex parte and in camera. 
(2) RULE OF CONSTRUCTION.—Nothing in this subsection 
shall be construed to confer or imply any right to judicial 
review of any finding under subsection (c)(1), any prohibition, 
condition, or penalty imposed as a result of any such finding, 
or any penalty imposed under subsection (d). 
(h) CONSULTATIONS IN IMPLEMENTATION OF REGULATIONS.—In 
implementing this section and the regulations prescribed under 
this section, the Secretary of the Treasury— 
(1) shall consult with the Secretary of State; and 
(2) may, in the sole discretion of the Secretary of the 
Treasury, consult with such other agencies and departments 
and such other interested parties as the Secretary considers 
appropriate. 
(i) DEFINITIONS.— 
(1) IN GENERAL.—In this section: 
(A) ACCOUNT; CORRESPONDENT
ACCOUNT; PAYABLE- 
THROUGH ACCOUNT.—The terms ‘‘account’’, ‘‘correspondent 
account’’, 
and 
‘‘payable-through 
account’’ 
have 
the 
meanings given those terms in section 5318A of title 31, 
United States Code. 
(B) AGENT.—The term ‘‘agent’’ includes an entity estab-
lished by a person for purposes of conducting transactions 
on behalf of the person in order to conceal the identity 
of the person. 
(C) FINANCIAL
INSTITUTION.—The term ‘‘financial 
institution’’ means a financial institution specified in 
subparagraph (A), (B), (C), (D), (E), (F), (G), (H), (I), (J), 
(M), or (Y) of section 5312(a)(2) of title 31, United States 
Code.
H. R. 2194—24 
(D) FOREIGN FINANCIAL INSTITUTION; DOMESTIC FINAN-
CIAL
INSTITUTION.—The terms ‘‘foreign financial institu-
tion’’ and ‘‘domestic financial institution’’ shall have the 
meanings of those terms as determined by the Secretary 
of the Treasury. 
(E) MONEY
LAUNDERING.—The term ‘‘money laun-
dering’’ means the movement of illicit cash or cash equiva-
lent proceeds into, out of, or through a country, or into, 
out of, or through a financial institution. 
(2) OTHER DEFINITIONS.—The Secretary of the Treasury 
may further define the terms used in this section in the regula-
tions prescribed under this section. 
SEC. 105. 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. 
(a) IN
GENERAL.—The President shall impose sanctions 
described in subsection (c) with respect to each person on the 
list required by subsection (b). 
(b) LIST OF PERSONS WHO ARE RESPONSIBLE FOR OR COMPLICIT 
IN CERTAIN HUMAN RIGHTS ABUSES.— 
(1) IN GENERAL.—Not later than 90 days after the date 
of the enactment of this Act, the President shall submit to 
the appropriate congressional committees a list of persons who 
are officials of the Government of Iran or persons acting on 
behalf of that Government (including members of paramilitary 
organizations 
such 
as 
Ansar-e-Hezbollah 
and 
Basij-e 
Mostaz’afin), that the President determines, based on credible 
evidence, are responsible for or complicit in, or responsible 
for ordering, controlling, or otherwise directing, the commission 
of serious human rights abuses against citizens of Iran or 
their family members on or after June 12, 2009, regardless 
of whether such abuses occurred in Iran. 
(2) UPDATES OF LIST.—The President shall submit to the 
appropriate congressional committees an updated list under 
paragraph (1)— 
(A) not later than 270 days after the date of the enact-
ment of this Act and every 180 days thereafter; and 
(B) as new information becomes available. 
(3) FORM OF REPORT; PUBLIC AVAILABILITY.— 
(A) FORM.—The list required by paragraph (1) shall 
be submitted in unclassified form but may contain a classi-
fied annex. 
(B) PUBLIC AVAILABILITY.—The unclassified portion of 
the list required by paragraph (1) shall be made available 
to the public and posted on the websites of the Department 
of the Treasury and the Department of State. 
(4) CONSIDERATION OF DATA FROM OTHER COUNTRIES AND 
NONGOVERNMENTAL
ORGANIZATIONS.—In preparing the list 
required by paragraph (1), the President shall consider credible 
data already obtained by other countries and nongovernmental 
organizations, including organizations in Iran, that monitor 
the human rights abuses of the Government of Iran. 
(c) SANCTIONS DESCRIBED.—The sanctions described in this sub-
section are ineligibility for a visa to enter the United States and