H. R. 1905—3 
Sec. 502. Interests in certain financial assets of Iran. 
Sec. 503. Technical correction to section 1245 of the National Defense Authoriza-
tion Act for Fiscal Year 2012. 
Sec. 504. Expansion of sanctions under section 1245 of the National Defense Au-
thorization Act for Fiscal Year 2012. 
Sec. 505. Reports on natural gas exports from Iran. 
Sec. 506. Report on membership of Iran in international organizations. 
Sec. 507. Sense of Congress on exportation of goods, services, and technologies for 
aircraft produced in the United States. 
TITLE VI—GENERAL PROVISIONS 
Sec. 601. Implementation; penalties. 
Sec. 602. Applicability to certain intelligence activities. 
Sec. 603. Applicability to certain natural gas projects. 
Sec. 604. Rule of construction with respect to use of force against Iran and Syria. 
Sec. 605. Termination. 
TITLE VII—SANCTIONS WITH RESPECT TO HUMAN RIGHTS ABUSES IN 
SYRIA 
Sec. 701. Short title. 
Sec. 702. Imposition of sanctions with respect to certain persons who are respon-
sible for or complicit in human rights abuses committed against citizens 
of Syria or their family members. 
Sec. 703. Imposition of sanctions with respect to the transfer of goods or tech-
nologies to Syria that are likely to be used to commit human rights 
abuses. 
Sec. 704. Imposition of sanctions with respect to persons who engage in censorship 
or other forms of repression in Syria. 
Sec. 705. Waiver. 
Sec. 706. Termination. 
SEC. 2. DEFINITIONS. 
Except as otherwise specifically provided, in this Act: 
(1) 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). 
(2) FINANCIAL TRANSACTION.—The term ‘‘financial trans-
action’’ means any transfer of value involving a financial 
institution, including the transfer of forwards, futures, options, 
swaps, or precious metals, including gold, silver, platinum, 
and palladium. 
(3) KNOWINGLY.—The term ‘‘knowingly’’ 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). 
(4) UNITED STATES PERSON.—The term ‘‘United States per-
son’’ has the meaning given that term in section 101 of the 
Comprehensive Iran Sanctions, Accountability, and Divestment 
Act of 2010 (22 U.S.C. 8511). 
TITLE 
I—EXPANSION 
OF 
MULTILAT-
ERAL SANCTIONS REGIME WITH RE-
SPECT TO IRAN 
SEC. 101. SENSE OF CONGRESS ON ENFORCEMENT OF MULTILATERAL 
SANCTIONS REGIME AND EXPANSION AND IMPLEMENTA-
TION OF SANCTIONS LAWS. 
It is the sense of Congress that the goal of compelling Iran 
to abandon efforts to acquire a nuclear weapons capability and 
other threatening activities can be effectively achieved through 
a comprehensive policy that includes economic sanctions, diplomacy,
H. R. 1905—4 
and military planning, capabilities and options, and that this objec-
tive is consistent with the one stated by President Barack Obama 
in the 2012 State of the Union Address: ‘‘Let there be no doubt: 
America is determined to prevent Iran from getting a nuclear 
weapon, and I will take no options off the table to achieve that 
goal’’. Among the economic measures to be taken are— 
(1) prompt enforcement of the current multilateral sanc-
tions regime with respect to Iran; 
(2) full, timely, and vigorous implementation of all sanc-
tions enacted into law, including sanctions imposed or expanded 
by this Act or amendments made by this Act, through— 
(A) intensified monitoring by the President and the 
designees of the President, including the Secretary of the 
Treasury, the Secretary of State, and senior officials in 
the intelligence community (as defined in section 3(4) of 
the National Security Act of 1947 (50 U.S.C. 401a(4)), 
as appropriate; 
(B) more extensive use of extraordinary authorities 
provided for under the International Emergency Economic 
Powers Act (50 U.S.C. 1701 et seq.) and other sanctions 
laws; 
(C) reallocation of resources to provide the personnel 
necessary, within the Department of the Treasury, the 
Department of State, and the Department of Commerce, 
and, where appropriate, the intelligence community, to 
apply and enforce sanctions; and 
(D) expanded cooperation with international sanctions 
enforcement efforts; 
(3) urgent consideration of the expansion of existing sanc-
tions with respect to such areas as— 
(A) the provision of energy-related services to Iran; 
(B) the provision of insurance and reinsurance services 
to Iran; 
(C) the provision of shipping services to Iran; and 
(D) those Iranian financial institutions not yet des-
ignated for the imposition of sanctions that may be acting 
as intermediaries for Iranian financial institutions that 
are designated for the imposition of sanctions; and 
(4) a focus on countering Iran’s efforts to evade sanctions, 
including— 
(A) the activities of telecommunications, Internet, and 
satellite service providers, in and outside of Iran, to ensure 
that such providers are not participating in or facilitating, 
directly or indirectly, the evasion of the sanctions regime 
with respect to Iran or violations of the human rights 
of the people of Iran; 
(B) the activities of financial institutions or other 
businesses or government agencies, in or outside of Iran, 
not yet designated for the imposition of sanctions; and 
(C) urgent and ongoing evaluation of Iran’s energy, 
national security, financial, and telecommunications sec-
tors, to gauge the effects of, and possible defects in, par-
ticular sanctions, with prompt efforts to correct any gaps 
in the existing sanctions regime with respect to Iran.
H. R. 1905—5 
SEC. 102. DIPLOMATIC EFFORTS TO EXPAND MULTILATERAL SANC-
TIONS REGIME. 
(a) MULTILATERAL NEGOTIATIONS.—Congress urges the Presi-
dent to intensify diplomatic efforts, both in appropriate inter-
national fora such as the United Nations and bilaterally with allies 
of the United States, for the purpose of— 
(1) expanding the United Nations Security Council sanc-
tions regime to include— 
(A) a prohibition on the issuance of visas to any official 
of the Government of Iran who is involved in— 
(i) human rights violations in or outside of Iran; 
(ii) the development of a nuclear weapons program 
and a ballistic missile capability in Iran; or 
(iii) support by the Government of Iran for terrorist 
organizations, including Hamas and Hezbollah; and 
(B) a requirement that each member country of the 
United Nations— 
(i) prohibit the Islamic Republic of Iran Shipping 
Lines from landing at seaports, and cargo flights of 
Iran Air from landing at airports, in that country 
because of the role of those organizations in prolifera-
tion and illegal arms sales; and 
(ii) apply the prohibitions described in clause (i) 
to other Iranian entities designated for the imposition 
of sanctions on or after the date of the enactment 
of this Act; 
(2) expanding the range of sanctions imposed with respect 
to Iran by allies of the United States; 
(3) expanding efforts to limit the development of petroleum 
resources and the importation of refined petroleum products 
by Iran; 
(4) developing additional initiatives to— 
(A) increase the production of crude oil in countries 
other than Iran; and 
(B) assist countries that purchase or otherwise obtain 
crude oil or petroleum products from Iran to eliminate 
their dependence on crude oil and petroleum products from 
Iran; and 
(5) eliminating the revenue generated by the Government 
of Iran from the sale of petrochemical products produced in 
Iran to other countries. 
(b) REPORTS
TO CONGRESS.—Not later than 180 days after 
the date of the enactment of this Act, and every 180 days thereafter, 
the President shall submit to the appropriate congressional commit-
tees a report on the extent to which diplomatic efforts described 
in subsection (a) have been successful that includes— 
(1) an identification of the countries that have agreed to 
impose sanctions or take other measures to further the policy 
set forth in subsection (a); 
(2) the extent of the implementation and enforcement of 
those sanctions or other measures by those countries; 
(3) the criteria the President uses to determine whether 
a country has significantly reduced its crude oil purchases 
from Iran pursuant to section 1245(d)(4)(D) of the National 
Defense Authorization Act for Fiscal Year 2012, as amended 
by section 504, including considerations of reductions both in 
terms of volume and price;
H. R. 1905—6 
(4) an identification of the countries that have not agreed 
to impose such sanctions or measures, including such countries 
granted exceptions for significant reductions in crude oil pur-
chases pursuant to such section 1245(d)(4)(D); 
(5) recommendations for additional measures that the 
United States could take to further diplomatic efforts described 
in subsection (a); and 
(6) the disposition of any decision with respect to sanctions 
imposed with respect to Iran by the World Trade Organization 
or its predecessor organization. 
TITLE II—EXPANSION OF SANCTIONS 
RELATING TO THE ENERGY SECTOR 
OF IRAN AND PROLIFERATION OF 
WEAPONS OF MASS DESTRUCTION BY 
IRAN 
Subtitle A—Expansion of the Iran 
Sanctions Act of 1996 
SEC. 201. EXPANSION OF SANCTIONS WITH RESPECT TO THE ENERGY 
SECTOR OF IRAN. 
Section 5(a) of the Iran Sanctions Act of 1996 (Public Law 
104–172; 50 U.S.C. 1701 note) is amended— 
(1) in the subsection heading, by striking ‘‘WITH RESPECT 
TO’’ and all that follows through ‘‘TO IRAN’’ and inserting 
‘‘RELATING TO THE ENERGY SECTOR OF IRAN’’; 
(2) in paragraph (1)(A)— 
(A) by striking ‘‘3 or more’’ and inserting ‘‘5 or more’’; 
and 
(B) by striking ‘‘the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010’’ and inserting 
‘‘the Iran Threat Reduction and Syria Human Rights Act 
of 2012’’; 
(3) in paragraph (2)— 
(A) in subparagraph (A)— 
(i) by striking ‘‘3 or more’’ and inserting ‘‘5 or 
more’’; and 
(ii) by striking ‘‘the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010’’ and 
inserting ‘‘the Iran Threat Reduction and Syria Human 
Rights Act of 2012’’; and 
(B) in subparagraph (B), by inserting before the period 
at the end the following: ‘‘or directly associated infrastruc-
ture, including construction of port facilities, railways, and 
roads, the primary use of which is to support the delivery 
of refined petroleum products’’; 
(4) in paragraph (3)— 
(A) in subparagraph (A)— 
(i) by striking ‘‘3 or more’’ and inserting ‘‘5 or 
more’’; and 
(ii) by striking ‘‘the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010’’ and
H. R. 1905—7 
inserting ‘‘the Iran Threat Reduction and Syria Human 
Rights Act of 2012’’; and 
(B) in subparagraph (B)— 
(i) in clause (ii), by striking ‘‘; or’’ and inserting 
a semicolon; 
(ii) in clause (iii), by striking the period at the 
end and inserting a semicolon; and 
(iii) by adding at the end the following: 
‘‘(iv) bartering or contracting by which goods are 
exchanged for goods, including the insurance or 
reinsurance of such exchanges; or 
‘‘(v) purchasing, subscribing to, or facilitating the 
issuance of sovereign debt of the Government of Iran, 
including governmental bonds, issued on or after the 
date of the enactment of the Iran Threat Reduction 
and Syria Human Rights Act of 2012.’’; and 
(5) by adding at the end the following: 
‘‘(4) JOINT VENTURES WITH IRAN RELATING TO DEVELOPING 
PETROLEUM RESOURCES.— 
‘‘(A) IN GENERAL.—Except as provided in subparagraph 
(B) or subsection (f), the President shall impose 5 or more 
of the sanctions described in section 6(a) with respect to 
a person if the President determines that the person know-
ingly participates, on or after the date of the enactment 
of the Iran Threat Reduction and Syria Human Rights 
Act of 2012, in a joint venture with respect to the develop-
ment of petroleum resources outside of Iran if— 
‘‘(i) the joint venture is established on or after 
January 1, 2002; and 
‘‘(ii)(I) the Government of Iran is a substantial 
partner or investor in the joint venture; or 
‘‘(II) Iran could, through a direct operational role 
in the joint venture or by other means, receive techno-
logical knowledge or equipment not previously avail-
able to Iran that could directly and significantly con-
tribute to the enhancement of Iran’s ability to develop 
petroleum resources in Iran. 
‘‘(B) APPLICABILITY.—Subparagraph (A) shall not apply 
with respect to participation in a joint venture established 
on or after January 1, 2002, and before the date of the 
enactment of the Iran Threat Reduction and Syria Human 
Rights Act of 2012, if the person participating in the joint 
venture terminates that participation not later than the 
date that is 180 days after such date of enactment. 
‘‘(5) SUPPORT
FOR
THE
DEVELOPMENT
OF
PETROLEUM 
RESOURCES AND REFINED PETROLEUM PRODUCTS IN IRAN.— 
‘‘(A) IN GENERAL.—Except as provided in subsection 
(f), the President shall impose 5 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 Iran Threat Reduc-
tion and Syria Human Rights Act of 2012, sells, leases, 
or provides to Iran goods, services, technology, or support 
described in subparagraph (B)— 
‘‘(i) any of which has a fair market value of 
$1,000,000 or more; or
H. R. 1905—8 
‘‘(ii) that, during a 12-month period, have an aggre-
gate fair market value of $5,000,000 or more. 
‘‘(B) GOODS, 
SERVICES, 
TECHNOLOGY, 
OR
SUPPORT 
DESCRIBED.—Goods, 
services, 
technology, 
or 
support 
described in this subparagraph are goods, services, tech-
nology, or support that could directly and significantly con-
tribute to the maintenance or enhancement of Iran’s— 
‘‘(i) ability to develop petroleum resources located 
in Iran; or 
‘‘(ii) domestic production of refined petroleum prod-
ucts, including any direct and significant assistance 
with respect to the construction, modernization, or 
repair of petroleum refineries or directly associated 
infrastructure, including construction of port facilities, 
railways, and roads, the primary use of which is to 
support the delivery of refined petroleum products. 
‘‘(6) DEVELOPMENT AND PURCHASE OF PETROCHEMICAL PROD-
UCTS FROM IRAN.— 
‘‘(A) IN GENERAL.—Except as provided in subsection 
(f), the President shall impose 5 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 Iran Threat Reduc-
tion and Syria Human Rights Act of 2012, sells, leases, 
or provides to Iran goods, services, technology, or support 
described in subparagraph (B)— 
‘‘(i) any of which has a fair market value of 
$250,000 or more; or 
‘‘(ii) that, during a 12-month period, have an aggre-
gate fair market value of $1,000,000 or more. 
‘‘(B) GOODS, 
SERVICES, 
TECHNOLOGY, 
OR
SUPPORT 
DESCRIBED.—Goods, 
services, 
technology, 
or 
support 
described in this subparagraph are goods, services, tech-
nology, or support that could directly and significantly con-
tribute to the maintenance or expansion of Iran’s domestic 
production of petrochemical products.’’. 
SEC. 202. IMPOSITION OF SANCTIONS WITH RESPECT TO TRANSPOR-
TATION OF CRUDE OIL FROM IRAN AND EVASION OF SANC-
TIONS BY SHIPPING COMPANIES. 
(a) IN GENERAL.—Section 5(a) of the Iran Sanctions Act of 
1996, as amended by section 201, is further amended by adding 
at the end the following: 
‘‘(7) TRANSPORTATION OF CRUDE OIL FROM IRAN.— 
‘‘(A) IN GENERAL.—Except as provided in subsection 
(f), the President shall impose 5 or more of the sanctions 
described in section 6(a) with respect to a person if the 
President determines that— 
‘‘(i) the person is a controlling beneficial owner 
of, or otherwise owns, operates, or controls, or insures, 
a vessel that, on or after the date that is 90 days 
after the date of the enactment of the Iran Threat 
Reduction and Syria Human Rights Act of 2012, was 
used to transport crude oil from Iran to another 
country; and
H. R. 1905—9 
‘‘(ii)(I) in the case of a person that is a controlling 
beneficial owner of the vessel, the person had actual 
knowledge the vessel was so used; or 
‘‘(II) in the case of a person that otherwise owns, 
operates, or controls, or insures, the vessel, the person 
knew or should have known the vessel was so used. 
‘‘(B) APPLICABILITY OF SANCTIONS.— 
‘‘(i) IN
GENERAL.—Except as provided in clause 
(ii), subparagraph (A) shall apply with respect to the 
transportation of crude oil from Iran only if a deter-
mination of the President under section 1245(d)(4)(B) 
of the National Defense Authorization Act for Fiscal 
Year 2012 (22 U.S.C. 8513a(d)(4)(B)) that there is a 
sufficient supply of petroleum and petroleum products 
produced in countries other than Iran to permit pur-
chasers of petroleum and petroleum products from Iran 
to reduce significantly their purchases from Iran is 
in effect at the time of the transportation of the crude 
oil. 
‘‘(ii) 
EXCEPTION
FOR
CERTAIN
COUNTRIES.— 
Subparagraph (A) shall not apply with respect to the 
transportation of crude oil from Iran to a country to 
which the exception under paragraph (4)(D) of section 
1245(d) of the National Defense Authorization Act for 
Fiscal Year 2012 (22 U.S.C. 8513a(d)) to the imposition 
of sanctions under paragraph (1) of that section applies 
at the time of the transportation of the crude oil. 
‘‘(8) CONCEALING
IRANIAN
ORIGIN
OF
CRUDE
OIL
AND 
REFINED PETROLEUM PRODUCTS.— 
‘‘(A) IN GENERAL.—Except as provided in subsection 
(f), the President shall impose 5 or more of the sanctions 
described in section 6(a) with respect to a person if the 
President determines that the person is a controlling bene-
ficial owner, or otherwise owns, operates, or controls, a 
vessel that, on or after the date that is 90 days after 
the date of the enactment of the Iran Threat Reduction 
and Syria Human Rights Act of 2012, is used, with actual 
knowledge in the case of a person that is a controlling 
beneficial owner or knowingly in the case of a person 
that otherwise owns, operates, or controls the vessel, in 
a manner that conceals the Iranian origin of crude oil 
or refined petroleum products transported on the vessel, 
including by— 
‘‘(i) permitting the operator of the vessel to suspend 
the operation of the vessel’s satellite tracking device; 
or 
‘‘(ii) obscuring or concealing the ownership, oper-
ation, or control of the vessel by— 
‘‘(I) the Government of Iran; 
‘‘(II) the National Iranian Tanker Company 
or the Islamic Republic of Iran Shipping Lines; 
or 
‘‘(III) any other entity determined by the Presi-
dent to be owned or controlled by the Government 
of Iran or an entity specified in subclause (II). 
‘‘(B) ADDITIONAL SANCTION.—Subject to such regula-
tions as the President may prescribe and in addition to
H. R. 1905—10 
the sanctions imposed under subparagraph (A), the Presi-
dent may prohibit a vessel owned, operated, or controlled 
by a person, including a controlling beneficial owner, with 
respect to which the President has imposed sanctions under 
that subparagraph and that was used for the activity for 
which the President imposed those sanctions from landing 
at a port in the United States for a period of not more 
than 2 years after the date on which the President imposed 
those sanctions. 
‘‘(C) VESSELS IDENTIFIED BY THE OFFICE OF FOREIGN 
ASSETS
CONTROL.—For purposes of subparagraph (A)(ii), 
a person shall be deemed to have actual knowledge that 
a vessel is owned, operated, or controlled by the Govern-
ment of Iran or an entity specified in subclause (II) or 
(III) of subparagraph (A)(ii) if the International Maritime 
Organization vessel registration identification for the vessel 
is— 
‘‘(i) included on a list of specially designated 
nationals and blocked persons maintained by the Office 
of Foreign Assets Control of the Department of the 
Treasury for activities with respect to Iran; and 
‘‘(ii) identified by the Office of Foreign Assets Con-
trol as a vessel in which the Government of Iran or 
any entity specified in subclause (II) or (III) of subpara-
graph (A)(ii) has an interest. 
‘‘(D) DEFINITION OF IRANIAN ORIGIN.—For purposes of 
subparagraph (A), the term ‘Iranian origin’ means— 
‘‘(i) with respect to crude oil, that the crude oil 
was extracted in Iran; and 
‘‘(ii) with respect to a refined petroleum product, 
that the refined petroleum product was produced or 
refined in Iran. 
‘‘(9) EXCEPTION FOR PROVISION OF UNDERWRITING SERVICES 
AND INSURANCE AND REINSURANCE.—The President may not 
impose sanctions under paragraph (7) or (8) with respect to 
a person that provides underwriting services or insurance 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 provide underwriting services or insurance or reinsur-
ance for the transportation of crude oil or refined petroleum 
products from Iran in a manner for which sanctions may be 
imposed under either such paragraph.’’. 
(b) REGULATIONS AND GUIDELINES.—Not later than 90 days 
after the date of the enactment of this Act, the President shall 
prescribe such regulations or guidelines as are necessary to imple-
ment paragraphs (7), (8), and (9) of section 5(a) of the Iran Sanctions 
Act of 1996, as added by this section, including such regulations 
or guidelines as are necessary to implement subparagraph (B) of 
such paragraph (8). 
SEC. 203. EXPANSION OF SANCTIONS WITH RESPECT TO DEVELOP-
MENT BY IRAN OF WEAPONS OF MASS DESTRUCTION. 
(a) IN GENERAL.—Section 5(b) of the Iran Sanctions Act of 
1996 (Public Law 104–172; 50 U.S.C. 1701 note) is amended— 
(1) by redesignating paragraph (2) as paragraph (3); and 
(2) by striking paragraph (1) and inserting the following:
H. R. 1905—11 
‘‘(1) EXPORTS, TRANSFERS, AND TRANSSHIPMENTS.—Except 
as provided in subsection (f), the President shall impose 5 
or more of the sanctions described in section 6(a) with respect 
to a person if the President determines that the person— 
‘‘(A) on or after the date of the enactment of the Iran 
Threat Reduction and Syria Human Rights Act of 2012, 
exported or transferred, or permitted or otherwise facili-
tated the transshipment of, any goods, services, technology, 
or other items to any other person; and 
‘‘(B) knew or should have known that— 
‘‘(i) the export, transfer, or transshipment of the 
goods, services, technology, or other items would likely 
result in another person exporting, transferring, trans-
shipping, or otherwise providing the goods, services, 
technology, or other items to Iran; and 
‘‘(ii) the export, transfer, transshipment, or other 
provision of the goods, services, technology, or other 
items to Iran would contribute materially to the ability 
of Iran to— 
‘‘(I) acquire or develop chemical, biological, or 
nuclear weapons or related technologies; or 
‘‘(II) acquire or develop destabilizing numbers 
and types of advanced conventional weapons. 
‘‘(2) JOINT VENTURES RELATING TO THE MINING, PRODUC-
TION, OR TRANSPORTATION OF URANIUM.— 
‘‘(A) IN GENERAL.—Except as provided in subparagraph 
(B) or subsection (f), the President shall impose 5 or more 
of the sanctions described in section 6(a) with respect to 
a person if the President determines that the person know-
ingly participated, on or after the date of the enactment 
of the Iran Threat Reduction and Syria Human Rights 
Act of 2012, in a joint venture that involves any activity 
relating to the mining, production, or transportation of 
uranium— 
‘‘(i)(I) established on or after February 2, 2012; 
and 
‘‘(II) with— 
‘‘(aa) the Government of Iran; 
‘‘(bb) an entity incorporated in Iran or subject 
to the jurisdiction of the Government of Iran; or 
‘‘(cc) a person acting on behalf of or at the 
direction of, or owned or controlled by, the Govern-
ment of Iran or an entity described in item (bb); 
or 
‘‘(ii)(I) established before February 2, 2012; 
‘‘(II) with the Government of Iran, an entity 
described in item (bb) of clause (i)(II), or a person 
described in item (cc) of that clause; and 
‘‘(III) through which— 
‘‘(aa) uranium is transferred directly to Iran 
or indirectly to Iran through a third country; 
‘‘(bb) the Government of Iran receives signifi-
cant revenue; or 
‘‘(cc) Iran could, through a direct operational 
role or by other means, receive technological 
knowledge or equipment not previously available 
to Iran that could contribute materially to the
H. R. 1905—12 
ability of Iran to develop nuclear weapons or 
related technologies. 
‘‘(B) APPLICABILITY OF SANCTIONS.—Subparagraph (A) 
shall not apply with respect to participation in a joint 
venture established before the date of the enactment of 
the Iran Threat Reduction and Syria Human Rights Act 
of 2012 if the person participating in the joint venture 
terminates that participation not later than the date that 
is 180 days after such date of enactment.’’. 
(b) CONFORMING AMENDMENTS.—The Iran Sanctions Act of 
1996, as amended by this section and sections 201 and 202, is 
further amended— 
(1) in section 5— 
(A) in paragraph (3) of subsection (b), as redesignated 
by subsection (a)(1) of this section— 
(i) by striking ‘‘paragraph (1)’’ each place it appears 
and inserting ‘‘paragraph (1) or (2)’’; and 
(ii) in subparagraph (F)— 
(I) by striking ‘‘that paragraph’’ and inserting 
‘‘paragraph (1) or (2), as the case may be’’; and 
(II) by striking ‘‘the Comprehensive Iran Sanc-
tions, Accountability, and Divestment Act of 2010’’ 
and inserting ‘‘the Iran Threat Reduction and 
Syria Human Rights Act of 2012’’; 
(B) in subsection (c)— 
(i) in the matter preceding paragraph (1), by 
striking ‘‘subsections (a) and (b)(1)’’ and inserting ‘‘sub-
section (a) and paragraphs (1) and (2) of subsection 
(b)’’; and 
(ii) in paragraph (1), by striking ‘‘subsection (a) 
or (b)(1)’’ and inserting ‘‘subsection (a) or paragraph 
(1) or (2) of subsection (b)’’; and 
(C) in subsection (f)— 
(i) in the matter preceding paragraph (1), by 
striking ‘‘subsection (a) or (b)(1)’’ and inserting ‘‘sub-
section (a) or paragraph (1) or (2) of subsection (b)’’; 
and 
(ii) by redesignating paragraphs (6) and (7) as 
paragraphs (5) and (6), respectively; and 
(2) in section 9, by striking ‘‘section 5(a) or 5(b)(1)’’ each 
place it appears and inserting ‘‘subsection (a) or paragraph 
(1) or (2) of subsection (b) of section 5’’. 
SEC. 204. EXPANSION OF SANCTIONS AVAILABLE UNDER THE IRAN 
SANCTIONS ACT OF 1996. 
(a) IN GENERAL.—Section 6(a) of the Iran Sanctions Act of 
1996 (Public Law 104–172; 50 U.S.C. 1701 note) is amended— 
(1) by redesignating paragraph (9) as paragraph (12); and 
(2) by inserting after paragraph (8) the following: 
‘‘(9) BAN ON INVESTMENT IN EQUITY OR DEBT OF SANCTIONED 
PERSON.—The President may, pursuant to such regulations or 
guidelines as the President may prescribe, prohibit any United 
States person from investing in or purchasing significant 
amounts of equity or debt instruments of a sanctioned person. 
‘‘(10) EXCLUSION OF CORPORATE OFFICERS.—The President 
may direct the Secretary of State to deny a visa to, and the 
Secretary of Homeland Security to exclude from the United
H. R. 1905—13 
States, any alien that the President determines is a corporate 
officer or principal of, or a shareholder with a controlling 
interest in, a sanctioned person. 
‘‘(11) SANCTIONS ON PRINCIPAL EXECUTIVE OFFICERS.—The 
President may impose on the principal executive officer or 
officers of any sanctioned person, or on persons performing 
similar functions and with similar authorities as such officer 
or officers, any of the sanctions under this subsection.’’. 
(b) EFFECTIVE DATE.—The amendments made by subsection 
(a) shall take effect on the date of the enactment of this Act 
and apply with respect to activities described in subsections (a) 
and (b) of section 5 of the Iran Sanctions Act of 1996, as amended 
by this title, commenced on or after such date of enactment. 
SEC. 205. MODIFICATION OF WAIVER STANDARD UNDER THE IRAN 
SANCTIONS ACT OF 1996. 
Section 9(c) of the Iran Sanctions Act of 1996, as amended 
by section 203, is further amended by striking paragraph (1) and 
inserting the following: 
‘‘(1) AUTHORITY.— 
‘‘(A) SANCTIONS RELATING TO THE ENERGY SECTOR OF 
IRAN.—The President may waive, on a case-by-case basis 
and for a period of not more than one year, the requirement 
in section 5(a) to impose a sanction or sanctions on a 
person described in section 5(c), and may waive the contin-
ued imposition of a sanction or sanctions under subsection 
(b) of this section, 30 days or more after the President 
determines and so reports to the appropriate congressional 
committees that it is essential to the national security 
interests of the United States to exercise such waiver 
authority. 
‘‘(B) 
SANCTIONS
RELATING
TO
DEVELOPMENT
OF 
WEAPONS
OF
MASS
DESTRUCTION
OR
OTHER
MILITARY 
CAPABILITIES.—The President may waive, on a case-by-case 
basis and for a period of not more than one year, the 
requirement in paragraph (1) or (2) of section 5(b) to impose 
a sanction or sanctions on a person described in section 
5(c), and may waive the continued imposition of a sanction 
or sanctions under subsection (b) of this section, 30 days 
or more after the President determines and so reports 
to the appropriate congressional committees that it is vital 
to the national security interests of the United States to 
exercise such waiver authority. 
‘‘(C) RENEWAL OF WAIVERS.—The President may renew, 
on a case-by-case basis, a waiver with respect to a person 
under subparagraph (A) or (B) for additional one-year 
periods if, not later than 30 days before the waiver expires, 
the President makes the determination and submits to 
the appropriate congressional committees the report 
described in subparagraph (A) or (B), as applicable.’’. 
SEC. 206. BRIEFINGS ON IMPLEMENTATION OF THE IRAN SANCTIONS 
ACT OF 1996. 
Section 4 of the Iran Sanctions Act of 1996 (Public Law 104– 
172; 50 U.S.C. 1701 note) is amended by adding at the end the 
following: 
‘‘(f) BRIEFINGS ON IMPLEMENTATION.—Not later than 90 days 
after the date of the enactment of the Iran Threat Reduction and
H. R. 1905—14 
Syria Human Rights Act of 2012, and every 120 days thereafter, 
the President, acting through the Secretary of State, shall provide 
to the appropriate congressional committees a comprehensive 
briefing on efforts to implement this Act.’’. 
SEC. 207. EXPANSION OF DEFINITIONS UNDER THE IRAN SANCTIONS 
ACT OF 1996. 
(a) IN GENERAL.—Section 14 of the Iran Sanctions Act of 1996 
(Public Law 104–172; 50 U.S.C. 1701 note) is amended— 
(1) by redesignating paragraphs (17) and (18) as paragraphs 
(20) and (21), respectively; 
(2) by redesignating paragraphs (15) and (16) as paragraphs 
(17) and (18), respectively; 
(3) by redesignating paragraphs (4) through (14) as para-
graphs (5) through (15), respectively; 
(4) by inserting after paragraph (3) the following: 
‘‘(4) CREDIBLE INFORMATION.—The term ‘credible informa-
tion’, with respect to a person— 
‘‘(A) includes— 
‘‘(i) a public announcement by the person that 
the person has engaged in an activity described in 
subsection (a) or (b) of section 5; and 
‘‘(ii) information set forth in a report to stock-
holders of the person indicating that the person has 
engaged in such an activity; and 
‘‘(B) may include, in the discretion of the President— 
‘‘(i) an announcement by the Government of Iran 
that the person has engaged in such an activity; or 
‘‘(ii) information indicating that the person has 
engaged in such an activity that is set forth in— 
‘‘(I) a report of the Government Accountability 
Office, the Energy Information Administration, or 
the Congressional Research Service; or 
‘‘(II) a report or publication of a similarly rep-
utable governmental organization or trade or 
industry organization.’’; 
(5) by inserting after paragraph (15), as redesignated by 
paragraph (3), the following: 
‘‘(16) PETROCHEMICAL PRODUCT.—The term ‘petrochemical 
product’ includes any aromatic, olefin, or synthesis gas, and 
any derivative of such a gas, including ethylene, propylene, 
butadiene, benzene, toluene, xylene, ammonia, methanol, and 
urea.’’; and 
(6) by inserting after paragraph (18), as redesignated by 
paragraph (2), the following: 
‘‘(19) SERVICES.—The term ‘services’ includes software, 
hardware, financial, professional consulting, engineering, and 
specialized energy information services, energy-related tech-
nical assistance, and maintenance and repairs.’’. 
(b) EFFECTIVE DATE.—The amendments made by subsection 
(a) shall take effect on the date of the enactment of this Act 
and apply with respect to activities described in subsections (a) 
and (b) of section 5 of the Iran Sanctions Act of 1996, as amended 
by this title, commenced on or after such date of enactment. 
SEC. 208. SENSE OF CONGRESS ON ENERGY SECTOR OF IRAN. 
It is the sense of Congress that—
H. R. 1905—15 
(1) the energy sector of Iran remains a zone of proliferation 
concern since the Government of Iran continues to divert 
substantial revenues derived from sales of petroleum resources 
to finance its illicit nuclear and missile activities; and 
(2) the President should apply the full range of sanctions 
under the Iran Sanctions Act of 1996, as amended by this 
Act, to address the threat posed by the Government of Iran. 
Subtitle B—Additional Measures Relating 
to Sanctions Against Iran 
SEC. 211. IMPOSITION OF SANCTIONS WITH RESPECT TO THE PROVI-
SION OF VESSELS OR SHIPPING SERVICES TO TRANSPORT 
CERTAIN GOODS RELATED TO PROLIFERATION OR TER-
RORISM ACTIVITIES TO IRAN. 
(a) IN GENERAL.—Except as provided in subsection (c), if the 
President determines that a person, on or after the date of the 
enactment of this Act, knowingly sells, leases, or provides a vessel 
or provides insurance or reinsurance or any other shipping service 
for the transportation to or from Iran of goods that could materially 
contribute to the activities of the Government of Iran with respect 
to the proliferation of weapons of mass destruction or support 
for acts of international terrorism, the President shall, 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 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), 
or otherwise pursuant to the International Emergency Economic 
Powers Act (50 U.S.C. 1701 et seq.), block and prohibit all trans-
actions in all property and interests in property of the persons 
specified in subsection (b) 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) PERSONS SPECIFIED.—The persons specified in this sub-
section are— 
(1) the person that sold, leased, or provided a vessel or 
provided insurance or reinsurance or another shipping service 
described in subsection (a); and 
(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) 
sold, leased, or provided the vessel or provided the insur-
ance or reinsurance or other shipping service; 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 
sale, lease, or provision of the vessel or the provision of 
the insurance or reinsurance or other shipping service.
H. R. 1905—16 
(c) WAIVER.—The President may waive the requirement to 
impose sanctions with respect to a person under subsection (a) 
on or after the date that is 30 days after the President— 
(1) determines that such a waiver is vital to the national 
security interests of the United States; and 
(2) submits to the appropriate congressional committees 
a report that contains the reasons for that determination. 
(d) REPORT REQUIRED.— 
(1) IN GENERAL.—Not later than 90 days after the date 
of the enactment of this Act, and every 90 days thereafter, 
the Secretary of the Treasury, in coordination with the Sec-
retary of State, shall submit to the appropriate congressional 
committees a report identifying operators of vessels and other 
persons that conduct or facilitate significant financial trans-
actions with persons that manage ports in Iran that have 
been designated for the imposition of sanctions pursuant to 
the International Emergency Economic Powers Act (50 U.S.C. 
1701 et seq.). 
(2) FORM OF REPORT.—A report submitted under paragraph 
(1) shall be submitted in unclassified 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 to designate per-
sons for the imposition of sanctions pursuant to Executive Order 
No. 13382 (70 Fed. Reg. 38567; relating to the blocking of property 
of weapons of mass destruction proliferators and their supporters) 
or 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), or otherwise 
pursuant to the International Emergency Economic Powers Act 
(50 U.S.C. 1701 et seq.). 
SEC. 212. IMPOSITION OF SANCTIONS WITH RESPECT TO PROVISION 
OF 
UNDERWRITING 
SERVICES 
OR 
INSURANCE 
OR 
REINSURANCE FOR THE NATIONAL IRANIAN OIL COMPANY 
OR THE NATIONAL IRANIAN TANKER COMPANY. 
(a) IN GENERAL.—Except as provided in subsection (b), not 
later than 60 days after the date of the enactment of this Act, 
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 such date of enactment, 
provides underwriting services or insurance or reinsurance for the 
National Iranian Oil Company, the National Iranian Tanker Com-
pany, or a successor entity to either such company. 
(b) EXCEPTIONS.— 
(1) UNDERWRITERS AND INSURANCE PROVIDERS EXERCISING 
DUE DILIGENCE.—The President is authorized not to impose 
sanctions under subsection (a) with respect to a person that 
provides underwriting services or insurance or reinsurance if 
the President determines that the person has exercised due 
diligence in establishing and enforcing official policies, proce-
dures, and controls to ensure that the person does not provide 
underwriting services or insurance or reinsurance for the 
National Iranian Oil Company, the National Iranian Tanker 
Company, or a successor entity to either such company.