‘‘(8) if the President determines in writing that 
the person to which the sanctions would otherwise be 
applied is a citizen, resident, or subsidiary of a coun-
try that is a participant in the Proliferation Security 
Initiative.’’. 
(c) GENERAL WAIVER AUTHORITY.—Section 9(c)(1) 
of the Iran Sanctions Act of 1996 (50 U.S.C. 1701 note) 
is amended by striking ‘‘important to the national interest 
of the United States’’ and inserting ‘‘vital to the national 
security interest of the Untied States’’. 
(d) RULE
OF CONSTRUCTION.—The amendments 
made by this section shall not be construed to affect any 
exercise of the authority of section 4(f) or 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. 
TITLE 
III—AMENDMENTS 
TO 
THE 
IRAN, 
NORTH 
KOREA, 
AND SYRIA NONPROLIFERA-
TION ACT 
SEC. 301. TRANSSHIPMENT OF CERTAIN GOODS, SERVICES, 
OR TECHNOLOGY. 
The Iran, North Korea, and Syria Nonproliferation 
Act (Public Law 106–178; 50 U.S.C. 1701 note) is 
amended— 
(1) in section 2— 
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(A) in subsection (a), in the matter pre-
ceding paragraph (1)— 
(i) by striking ‘‘or’’ after ‘‘Syria,’’; 
and 
(ii) by inserting after ‘‘North Korea’’ 
the following: ‘‘, on or after January 1, 
1999, permitted, hosted, or otherwise fa-
cilitated a transshipment (as such term is 
defined in section 5) that may have en-
abled a foreign person to transfer (as such 
term is defined in section 7) to or acquire 
from Iran, on or after January 1, 2005, 
permitted, hosted or otherwise facilitated a 
transshipment that may have enabled a 
foreign person to transfer to or acquire 
from Syria, or on or after January 1, 
2006, permitted, hosted or otherwise facili-
tated a transshipment that may have en-
abled a person to transfer to or acquire 
from North Korea’’; and 
(B) in subsection (e), by inserting ‘‘, or 
whose transfer via transshipment was per-
mitted, hosted, or facilitated,’’ after ‘‘trans-
ferred’’; and 
(2) in section 5— 
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(A) in subsection (a)— 
(i) in paragraph (1), by inserting ‘‘, or 
did not permit, host, or otherwise facilitate 
transshipment that may have enabled a 
foreign person to transfer to or acquire 
from,’’ before ‘‘Iran’’; 
(ii) in paragraph (3), by striking ‘‘or’’ 
at the end; 
(iii) in paragraph (4), by striking the 
period at the end and inserting ‘‘; or’’; and 
(iv) by adding at the end the following 
new paragraph: 
‘‘(5) in the case of a foreign person who per-
mitted, hosted, or otherwise facilitated trans-
shipment that may have enabled a foreign person to 
transfer to or acquire from Iran, North Korea, or 
Syria, as the case may be, the goods, services, or 
technology the apparent transfer of which caused 
that person to be identified in a report submitted 
pursuant to section 2(a), the government with pri-
mary jurisdiction over the foreign person has made 
and continues to make clear, specific efforts to stop 
and deter the permitting, hosting, or other facili-
tating of transshipments that may enable such 
transfers or acquisitions.’’; and 
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(B) by adding at the end the following new 
subsection: 
‘‘(g) DEFINITIONS.—In this section: 
‘‘(1) GOODS, SERVICES, OR TECHNOLOGY.—The 
term ‘goods, services, or technology’ includes— 
‘‘(A) any defense articles or defense serv-
ices on the United States Munitions List under 
section 38 of the Arms Export Control Act (22 
U.S.C. 2778) for which special export controls 
are warranted under such Act (22 U.S.C. 2751 
3 et seq.); 
‘‘(B) any item identified on the Commerce 
Control List maintained under part 774 of title 
15, Code of Federal Regulations; and 
‘‘(C) other sensitive United States goods, 
including intellectual property and services, that 
would contribute to the ability of Iran, North 
Korea, or Syria, as the case may be, to further 
its conventional and unconventional military ca-
pabilities. 
‘‘(2) 
TRANSSHIPMENT.—The 
term 
‘trans-
shipment’ means the export from one country to an-
other that passes through a third country, in which 
cargo is off-loaded and there is some change to con-
veyance.’’. 
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SEC. 302. PROHIBITION ON PAYMENTS RELATED TO SERV-
ICE MODULE OF THE RUSSIAN AVIATION AND 
SPACE AGENCY. 
Section 6 of the Iran, North Korea, and Syria Non-
proliferation Act (Public Law 106–178; 50 U.S.C. 1701 
note) is amended by— 
(1) striking subsection (g); and 
(2) redesignating subsections (h) and (i) as 
subsections (g) and (h), respectively. 
TITLE IV—DIVESTMENT FROM 
IRAN 
SEC. 401. REQUIRING THE DIVESTITURE OF CURRENT IN-
VESTMENTS IN IRAN, PROHIBITING FUTURE 
INVESTMENTS IN IRAN, AND REQUIRING THE 
DISCLOSURE TO INVESTORS OF INFORMA-
TION RELATING TO SUCH INVESTMENTS. 
(a) UNITED STATES PENSION PLANS.— 
(1) PUBLICATION IN FEDERAL REGISTER.—Not 
later than six months after the date of the enact-
ment of this Act and every six months thereafter, 
the President shall ensure publication in the Federal 
Register of a list of all United States and foreign en-
tities that have invested more than $20,000,000 in 
Iran’s energy sector between August 5, 1996, and 
the date of such publication. Such list shall include 
an itemization of individual investments of each such 
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