Headquarters of the United Nations, signed at Lake 
Success June 26, 1947, and entered into force No-
vember 21, 1947, between the United Nations and 
the United States. 
‘‘(d) FACILITATION OF CERTAIN TRANSACTIONS.— 
The President shall prohibit the opening, and prohibit or 
impose strict conditions on the maintaining, in the United 
States of a correspondent account or a payable-through 
account by a foreign financial institution that the Presi-
dent determines knowingly, on or after the date that is 
180 days after the date of the enactment of the Iran Bal-
listic Missile Sanctions Act of 2016, conducts or facilitates 
a significant financial transaction for a person subject to 
blocking of property and interests in property under sub-
section (b). 
‘‘SEC. 233. BLOCKING OF PROPERTY OF PERSONS AFFILI-
ATED WITH CERTAIN IRANIAN ENTITIES. 
‘‘(a) BLOCKING OF PROPERTY.— 
‘‘(1) IN GENERAL.—The President shall, in ac-
cordance with the International Emergency Eco-
nomic Powers Act (50 U.S.C. 1701 et seq.), block 
and prohibit all transactions in all property and in-
terests in property of any person described in para-
graph (3) if such property and interests in property 
are in the United States, come within the United 
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States, or are or come within the possession or con-
trol of a United States person. 
‘‘(2) INAPPLICABILITY
OF
NATIONAL
EMER-
GENCY
REQUIREMENT.—The requirements under 
section 202 of the International Emergency Eco-
nomic Powers Act (50 U.S.C. 1701) shall not apply 
for purposes of this subsection. 
‘‘(3) PERSONS
DESCRIBED.—A person de-
scribed in this paragraph is— 
‘‘(A) an entity that is owned, directly or 
indirectly, by a 25 percent or greater interest— 
‘‘(i) by the Aerospace Industries Or-
ganization, the Shahid Hemmat Industrial 
Group, the Shahid Bakeri Industrial 
Group, or any agent or affiliate of such or-
ganization or group; or 
‘‘(ii) collectively by a group of individ-
uals that hold an interest in the Aerospace 
Industries 
Organization, 
the 
Shahid 
Hemmat Industrial Group, the Shahid 
Bakeri Industrial Group, or any agent or 
affiliate of such organization or group, 
even if none of those individuals hold a 25 
percent or greater interest in the entity; 
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‘‘(B) a person that controls, manages, or 
directs an entity described in subparagraph (A); 
or 
‘‘(C) an individual who is on the board of 
directors of an entity described in subparagraph 
(A). 
‘‘(b) FACILITATION OF CERTAIN TRANSACTIONS.— 
The President shall prohibit the opening, and prohibit or 
impose strict conditions on the maintaining, in the United 
States of a correspondent account or a payable-through 
account by a foreign financial institution that the Presi-
dent determines knowingly, on or after the date that is 
180 days after the date of the enactment of the Iran Bal-
listic Missile Sanctions Act of 2016, conducts or facilitates 
a significant financial transaction for a person subject to 
blocking of property and interests in property under sub-
section (a). 
‘‘(c) IRAN MISSILE PROLIFERATION WATCH LIST.— 
‘‘(1) IN
GENERAL.—Not later than 90 days 
after the date of the enactment of the Iran Ballistic 
Missile Sanctions Act of 2016, and not less fre-
quently than annually thereafter, the Secretary of 
the Treasury shall submit to the appropriate com-
mittees of Congress and publish in the Federal Reg-
ister a list of— 
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‘‘(A) each entity in which the Aerospace 
Industries Organization, the Shahid Hemmat 
Industrial Group, the Shahid Bakeri Industrial 
Group, or any agent or affiliate of such organi-
zation or group has an ownership interest of 
more than 0 percent and less than 25 percent; 
‘‘(B) each entity in which the Aerospace 
Industries Organization, the Shahid Hemmat 
Industrial Group, the Shahid Bakeri Industrial 
Group, or any agent or affiliate of such organi-
zation or group does not have an ownership in-
terest but maintains a presence on the board of 
directors of the entity or otherwise influences 
the actions, policies, or personnel decisions of 
the entity; and 
‘‘(C) each person that controls, manages, 
or directs an entity described in subparagraph 
(A) or (B). 
‘‘(2) REFERENCE.—The list required by para-
graph (1) may be referred to as the ‘Iran Missile 
Proliferation Watch List’. 
‘‘(d) COMPTROLLER GENERAL REPORT.— 
‘‘(1) IN GENERAL.—The Comptroller General of 
the United States shall— 
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‘‘(A) conduct a review of each list required 
by subsection (c)(1); and 
‘‘(B) not later than 60 days after each 
such list is submitted to the appropriate com-
mittees of Congress under that subsection, sub-
mit to the appropriate committees of Congress 
a report on the review conducted under sub-
paragraph (A) that includes a list of persons 
not included in that list that qualify for inclu-
sion in that list, as determined by the Comp-
troller General. 
‘‘(2) CONSULTATIONS.—In preparing the report 
required by paragraph (1)(B), the Comptroller Gen-
eral shall consult with nongovernmental organiza-
tions. 
‘‘SEC. 234. IMPOSITION OF SANCTIONS WITH RESPECT TO 
CERTAIN PERSONS INVOLVED IN BALLISTIC 
MISSILE ACTIVITIES. 
‘‘(a) CERTIFICATION.—Not later than 120 days after 
the date of the enactment of the Iran Ballistic Missile 
Sanctions Act of 2016, and not less frequently than once 
every 180 days thereafter, the President shall submit to 
the appropriate committees of Congress a certification 
that each person listed in an annex of United Nations Se-
curity Council Resolution 1737 (2006), 1747 (2007), or 
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