In the House of Representatives, U. S., 
August 1, 2012. 
Resolved, That the House agree to the amendment of the 
Senate to the bill (H.R. 1905) entitled ‘‘An Act to strengthen 
Iran sanctions laws for the purpose of compelling Iran to 
abandon its pursuit of nuclear weapons and other threatening 
activities, and for other purposes.’’, with the following 
HOUSE AMENDMENT TO SENATE AMENDMENT: 
In lieu of the matter proposed to be inserted by the 
amendment of the Senate, insert the following: 
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Iran Threat Reduction and Syria Human Rights Act of 
2012’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
Sec. 1. Short title; table of contents. 
Sec. 2. Definitions. 
TITLE I—EXPANSION OF MULTILATERAL SANCTIONS REGIME WITH 
RESPECT TO IRAN 
Sec. 101. Sense of Congress on enforcement of multilateral sanctions regime and 
expansion and implementation of sanctions laws. 
Sec. 102. Diplomatic efforts to expand multilateral sanctions regime. 
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.
Sec. 202. Imposition of sanctions with respect to transportation of crude oil from 
Iran and evasion of sanctions by shipping companies. 
Sec. 203. Expansion of sanctions with respect to development by Iran of weapons 
of mass destruction. 
Sec. 204. Expansion of sanctions available under the Iran Sanctions Act of 1996. 
Sec. 205. Modification of waiver standard under the Iran Sanctions Act of 1996. 
Sec. 206. Briefings on implementation of the Iran Sanctions Act of 1996. 
Sec. 207. Expansion of definitions under the Iran Sanctions Act of 1996. 
Sec. 208. Sense of Congress on energy sector of Iran. 
Subtitle B—Additional Measures Relating to Sanctions Against Iran 
Sec. 211. Imposition of sanctions with respect to the provision of vessels or ship-
ping services to transport certain goods related to proliferation 
or terrorism activities to Iran. 
Sec. 212. Imposition of sanctions with respect to provision of underwriting serv-
ices or insurance or reinsurance for the National Iranian Oil 
Company or the National Iranian Tanker Company. 
Sec. 213. Imposition of sanctions with respect to purchase, subscription to, or fa-
cilitation of the issuance of Iranian sovereign debt. 
Sec. 214. Imposition of sanctions with respect to subsidiaries and agents of per-
sons sanctioned by United Nations Security Council resolutions. 
Sec. 215. Imposition of sanctions with respect to transactions with persons sanc-
tioned for certain activities relating to terrorism or proliferation 
of weapons of mass destruction. 
Sec. 216. Expansion of, and reports on, mandatory sanctions with respect to fi-
nancial institutions that engage in certain activities relating to 
Iran. 
Sec. 217. Continuation in effect of sanctions with respect to the Government of 
Iran, the Central Bank of Iran, and sanctions evaders. 
Sec. 218. Liability of parent companies for violations of sanctions by foreign sub-
sidiaries. 
Sec. 219. Disclosures to the Securities and Exchange Commission relating to 
sanctionable activities. 
Sec. 220. Reports on, and authorization of imposition of sanctions with respect 
to, the provision of specialized financial messaging services to 
the Central Bank of Iran and other sanctioned Iranian financial 
institutions. 
Sec. 221. Identification of, and immigration restrictions on, senior officials of the 
Government of Iran and their family members. 
Sec. 222. Sense of Congress and rule of construction relating to certain authori-
ties of State and local governments. 
Sec. 223. Government Accountability Office report on foreign entities that invest 
in the energy sector of Iran or export refined petroleum products 
to Iran. 
Sec. 224. Reporting on the importation to and exportation from Iran of crude oil 
and refined petroleum products.
TITLE III—SANCTIONS WITH RESPECT TO IRAN’S REVOLUTIONARY 
GUARD CORPS 
Subtitle A—Identification of, and Sanctions With Respect to, Officials, Agents, 
Affiliates, and Supporters of Iran’s Revolutionary Guard Corps and Other 
Sanctioned Persons 
Sec. 301. Identification of, and imposition of sanctions with respect to, officials, 
agents, and affiliates of Iran’s Revolutionary Guard Corps. 
Sec. 302. Identification of, and imposition of sanctions with respect to, persons 
that support or conduct certain transactions with Iran’s Revolu-
tionary Guard Corps or other sanctioned persons. 
Sec. 303. Identification of, and imposition of measures with respect to, foreign 
government agencies carrying out activities or transactions with 
certain Iran-affiliated persons. 
Sec. 304. Rule of construction. 
Subtitle B—Additional Measures Relating to Iran’s Revolutionary Guard Corps 
Sec. 311. Expansion of procurement prohibition to foreign persons that engage in 
certain transactions with Iran’s Revolutionary Guard Corps. 
Sec. 312. Determinations of whether the National Iranian Oil Company and the 
National Iranian Tanker Company are agents or affiliates of 
Iran’s Revolutionary Guard Corps. 
TITLE IV—MEASURES RELATING TO HUMAN RIGHTS ABUSES IN 
IRAN 
Subtitle A—Expansion of Sanctions Relating to Human Rights Abuses in Iran 
Sec. 401. Imposition of sanctions on certain persons 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. 402. Imposition of sanctions with respect to the transfer of goods or tech-
nologies to Iran that are likely to be used to commit human 
rights abuses. 
Sec. 403. Imposition of sanctions with respect to persons who engage in censor-
ship or other related activities against citizens of Iran. 
Subtitle B—Additional Measures to Promote Human Rights 
Sec. 411. Codification of sanctions with respect to grave human rights abuses by 
the governments of Iran and Syria using information tech-
nology. 
Sec. 412. Clarification of sensitive technologies for purposes of procurement ban 
under Comprehensive Iran Sanctions, Accountability, and Di-
vestment Act of 2010. 
Sec. 413. Expedited consideration of requests for authorization of certain human 
rights-, humanitarian-, and democracy-related activities with re-
spect to Iran. 
Sec. 414. Comprehensive strategy to promote Internet freedom and access to infor-
mation in Iran. 
Sec. 415. Statement of policy on political prisoners. 
TITLE V—MISCELLANEOUS 
Sec. 501. Exclusion of citizens of Iran seeking education relating to the nuclear 
and energy sectors of Iran.
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 censor-
ship 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
COMMIT-
TEES.—The term ‘‘appropriate congressional commit-
tees’’ 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 ‘‘finan-
cial transaction’’ means any transfer of value involv-
ing 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 person’’ has the meaning given that term in 
section 101 of the Comprehensive Iran Sanctions, Ac-
countability, and Divestment Act of 2010 (22 U.S.C. 
8511). 
TITLE I—EXPANSION OF MULTI-
LATERAL SANCTIONS REGIME 
WITH RESPECT TO IRAN 
SEC. 101. SENSE OF CONGRESS ON ENFORCEMENT OF MUL-
TILATERAL SANCTIONS REGIME AND EXPAN-
SION AND IMPLEMENTATION OF SANCTIONS 
LAWS. 
It is the sense of Congress that the goal of compelling 
Iran to abandon efforts to acquire a nuclear weapons capa-
bility and other threatening activities can be effectively 
achieved through a comprehensive policy that includes eco-
nomic sanctions, diplomacy, and military planning, capa-
bilities and options, and that this objective 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 weap-
on, 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 multilat-
eral sanctions regime with respect to Iran; 
(2) full, timely, and vigorous implementation of 
all sanctions 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 commu-
nity (as defined in section 3(4) of the National 
Security Act of 1947 (50 U.S.C. 401a(4)), as ap-
propriate; 
(B) more extensive use of extraordinary au-
thorities 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 appro-
priate, the intelligence community, to apply and 
enforce sanctions; and 
(D) 
expanded 
cooperation 
with 
inter-
national sanctions enforcement efforts; 
(3) urgent consideration of the expansion of ex-
isting sanctions with respect to such areas as— 
(A) the provision of energy-related services 
to Iran; 
(B) the provision of insurance and reinsur-
ance services to Iran; 
(C) the provision of shipping services to 
Iran; and 
(D) those Iranian financial institutions not 
yet designated 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 impo-
sition of sanctions; and 
(C) urgent and ongoing evaluation of Iran’s 
energy, national security, financial, and tele-
communications sectors, to gauge the effects of, 
and possible defects in, particular sanctions, 
with prompt efforts to correct any gaps in the 
existing sanctions regime with respect to Iran. 
SEC. 102. DIPLOMATIC EFFORTS TO EXPAND MULTILAT-
ERAL SANCTIONS REGIME. 
(a) MULTILATERAL NEGOTIATIONS.—Congress urges 
the President to intensify diplomatic efforts, both in appro-
priate international 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 sanctions regime to include— 
(A) a prohibition on the issuance of visas to 
any official of the Government of Iran who is in-
volved in—
(i) human rights violations in or out-
side of Iran; 
(ii) the development of a nuclear weap-
ons program and a ballistic missile capa-
bility in Iran; or 
(iii) support by the Government of 
Iran for terrorist organizations, including 
Hamas and Hezbollah; and 
(B) a requirement that each member coun-
try of the United Nations— 
(i) prohibit the Islamic Republic of 
Iran Shipping Lines from landing at sea-
ports, and cargo flights of Iran Air from 
landing at airports, in that country because 
of the role of those organizations in pro-
liferation and illegal arms sales; and 
(ii) apply the prohibitions described in 
clause (i) to other Iranian entities des-
ignated 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 other-
wise 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 appro-
priate congressional committees 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 enforce-
ment 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; 
(4) an identification of the countries that have 
not agreed to impose such sanctions or measures, in-
cluding such countries granted exceptions for signifi-
cant reductions in crude oil purchases pursuant to 
such section 1245(d)(4)(D); 
(5) recommendations for additional measures 
that the United States could take to further diplo-
matic 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 organi-
zation.
TITLE II—EXPANSION OF SANC-
TIONS RELATING TO THE EN-
ERGY 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 Reduc-
tion and Syria Human Rights Act of 2012’’; 
(3) in paragraph (2)— 
(A) in subparagraph (A)—
(i) by striking ‘‘3 or more’’ and insert-
ing ‘‘5 or more’’; and 
(ii) by striking ‘‘the Comprehensive 
Iran Sanctions, Accountability, and Divest-
ment Act of 2010’’ and inserting ‘‘the Iran 
Threat Reduction and Syria Human Rights 
Act of 2012’’; and 
(B) in subparagraph (B), by inserting be-
fore the period at the end the following: ‘‘or di-
rectly associated infrastructure, including con-
struction of port facilities, railways, and roads, 
the primary use of which is to support the deliv-
ery of refined petroleum products’’; 
(4) in paragraph (3)— 
(A) in subparagraph (A)— 
(i) by striking ‘‘3 or more’’ and insert-
ing ‘‘5 or more’’; and 
(ii) by striking ‘‘the Comprehensive 
Iran Sanctions, Accountability, and Divest-
ment Act of 2010’’ and 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 pe-
riod at the end and inserting a semicolon; 
and 
(iii) by adding at the end the fol-
lowing: 
‘‘(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 fa-
cilitating the issuance of sovereign debt of 
the Government of Iran, including govern-
mental 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 knowingly 
participates, on or after the date of the enact-
ment of the Iran Threat Reduction and Syria 
Human Rights Act of 2012, in a joint venture 
with respect to the development of petroleum re-
sources 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 oper-
ational role in the joint venture or by other 
means, receive technological knowledge or 
equipment not previously available 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 participa-
tion not later than the date that is 180 days 
after such date of enactment.
‘‘(5) SUPPORT FOR THE DEVELOPMENT OF PE-
TROLEUM
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 deter-
mines 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, tech-
nology, 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, OR 
SUPPORT
DESCRIBED.—Goods, services, tech-
nology, or support described in this subpara-
graph are goods, services, technology, or support 
that could directly and significantly contribute 
to the maintenance or enhancement of Iran’s—
‘‘(i) ability to develop petroleum re-
sources located in Iran; or 
‘‘(ii) domestic production of refined pe-
troleum products, 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 pri-
mary use of which is to support the delivery 
of refined petroleum products. 
‘‘(6) DEVELOPMENT AND PURCHASE OF PETRO-
CHEMICAL PRODUCTS 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 deter-
mines 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, tech-
nology, 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 aggregate fair market value of 
$1,000,000 or more. 
‘‘(B) GOODS, SERVICES, TECHNOLOGY, OR 
SUPPORT
DESCRIBED.—Goods, services, tech-
nology, or support described in this subpara-
graph are goods, services, technology, or support 
that could directly and significantly contribute 
to the maintenance or expansion of Iran’s do-
mestic production of petrochemical products.’’. 
SEC. 202. IMPOSITION OF SANCTIONS WITH RESPECT TO 
TRANSPORTATION OF CRUDE OIL FROM IRAN 
AND EVASION OF SANCTIONS 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 deter-
mines that—
‘‘(i) the person is a controlling bene-
ficial 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 Reduc-
tion and Syria Human Rights Act of 2012, 
was used to transport crude oil from Iran 
to another country; and 
‘‘(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 other-
wise 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 determination of the 
President under section 1245(d)(4)(B) of the 
National Defense Authorization Act for Fis-
cal Year 2012 (22 U.S.C. 8513a(d)(4)(B)) 
that there is a sufficient supply of petro-
leum and petroleum products produced in 
countries other than Iran to permit pur-
chasers of petroleum and petroleum prod-
ucts 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 COUN-
TRIES.—Subparagraph (A) shall not apply 
with respect to the transportation of crude 
oil from Iran to a country to which the ex-
ception under paragraph (4)(D) of section 
1245(d) of the National Defense Authoriza-
tion 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 deter-
mines that the person is a controlling beneficial 
owner, or otherwise owns, operates, or controls, a
‘‘(B) ADDITIONAL
SANCTION.—Subject to 
such regulations as the President may prescribe 
and in addition to the sanctions imposed under 
subparagraph (A), the President may prohibit a 
vessel owned, operated, or controlled by a person, 
including a controlling beneficial owner, with re-
spect to which the President has imposed sanc-
tions under that subparagraph and that was 
used for the activity for which the President im-
posed 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 im-
posed 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 Government of 
Iran or an entity specified in subclause (II) or 
(III) of subparagraph (A)(ii) if the International 
Maritime Organization vessel registration identi-
fication for the vessel is— 
‘‘(i) included on a list of specially des-
ignated 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 Control as a vessel in which the Gov-
ernment of Iran or any entity specified in 
subclause (II) or (III) of subparagraph 
(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 petro-
leum product, that the refined petroleum 
product was produced or refined in Iran. 
‘‘(9) EXCEPTION
FOR
PROVISION
OF
UNDER-
WRITING
SERVICES
AND
INSURANCE
AND
REINSUR-
ANCE.—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 per-
son has exercised due diligence in establishing and en-
forcing official policies, procedures, and controls to 
ensure that the person does not provide underwriting 
services or insurance or reinsurance for the transpor-
tation of crude oil or refined petroleum products from 
Iran in a manner for which sanctions may be im-
posed 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 implement 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 para-
graph (8). 
SEC. 203. EXPANSION OF SANCTIONS WITH RESPECT TO DE-
VELOPMENT 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 para-
graph (3); and 
(2) by striking paragraph (1) and inserting the 
following: 
‘‘(1) 
EXPORTS, 
TRANSFERS, 
AND
TRANS-
SHIPMENTS.—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 facilitated the trans-
shipment 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 trans-
shipment 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, 
trans-
shipment, 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 re-
lated technologies; or
‘‘(II) acquire or develop desta-
bilizing numbers and types of ad-
vanced conventional weapons. 
‘‘(2) JOINT VENTURES RELATING TO THE MIN-
ING, PRODUCTION, OR
TRANSPORTATION
OF
URA-
NIUM.— 
‘‘(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 knowingly 
participated, on or after the date of the enact-
ment 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 con-
trolled by, the Government 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 di-
rectly to Iran or indirectly to Iran 
through a third country; 
‘‘(bb) the Government of Iran re-
ceives significant revenue; or 
‘‘(cc) Iran could, through a direct 
operational role or by other means, re-
ceive technological knowledge or equip-
ment not previously available to Iran 
that could contribute materially to the 
ability of Iran to develop nuclear 
weapons or related technologies. 
‘‘(B) APPLICABILITY OF SANCTIONS.—Sub-
paragraph (A) shall not apply with respect to 
participation in a joint venture established be-
fore 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 enact-
ment.’’. 
(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 sec-
tion— 
(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 Comprehen-
sive Iran Sanctions, Accountability, 
and Divestment Act of 2010’’ and in-
serting ‘‘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 ‘‘subsection (a) and para-
graphs (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 ‘‘subsection (a) or paragraph 
(1) or (2) of subsection (b)’’; and 
(ii) by redesignating paragraphs (6) 
and (7) as paragraphs (5) and (6), respec-
tively; and 
(2) in section 9, by striking ‘‘section 5(a) or 
5(b)(1)’’ each place it appears and inserting ‘‘sub-
section (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 para-
graph (12); and 
(2) by inserting after paragraph (8) the fol-
lowing: 
‘‘(9) BAN ON INVESTMENT IN EQUITY OR DEBT 
OF SANCTIONED PERSON.—The President may, pursu-
ant 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 Secu-
rity to exclude from the United States, any alien that 
the President determines is a corporate officer or 
principal of, or a shareholder with a controlling in-
terest in, a sanctioned person. 
‘‘(11) SANCTIONS ON PRINCIPAL EXECUTIVE OF-
FICERS.—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 sub-
section (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 de-
scribed in section 5(c), and may waive the con-
tinued imposition of a sanction or sanctions 
under subsection (b) of this section, 30 days or 
more after the President determines and so re-
ports to the appropriate congressional commit-
tees that it is essential to the national security
interests of the United States to exercise such 
waiver authority. 
‘‘(B) SANCTIONS
RELATING
TO
DEVELOP-
MENT OF WEAPONS OF MASS DESTRUCTION OR 
OTHER MILITARY CAPABILITIES.—The President 
may waive, on a case-by-case basis and for a pe-
riod 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 impo-
sition of a sanction or sanctions under sub-
section (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 Presi-
dent may renew, on a case-by-case basis, a waiv-
er 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 Syria Human Rights Act of 2012, and every 
120 days thereafter, the President, acting through the Sec-
retary of State, shall provide to the appropriate congres-
sional committees a comprehensive briefing on efforts to im-
plement 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 paragraphs (5) through (15), respectively; 
(4) by inserting after paragraph (3) the fol-
lowing:
‘‘(4) CREDIBLE INFORMATION.—The term ‘cred-
ible information’, with respect to a person— 
‘‘(A) includes— 
‘‘(i) a public announcement by the per-
son that the person has engaged in an activ-
ity described in subsection (a) or (b) of sec-
tion 5; and 
‘‘(ii) information set forth in a report 
to stockholders 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 Govern-
ment 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 In-
formation Administration, or the Con-
gressional Research Service; or 
‘‘(II) a report or publication of a 
similarly reputable governmental orga-
nization or trade or industry organiza-
tion.’’; 
(5) by inserting after paragraph (15), as redesig-
nated 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, in-
cluding ethylene, propylene, butadiene, benzene, tol-
uene, xylene, ammonia, methanol, and urea.’’; and 
(6) by inserting after paragraph (18), as redesig-
nated by paragraph (2), the following: 
‘‘(19) SERVICES.—The term ‘services’ includes 
software, hardware, financial, professional consulting, 
engineering, and specialized energy information serv-
ices, energy-related technical assistance, and mainte-
nance and repairs.’’. 
(b) EFFECTIVE DATE.—The amendments made by sub-
section (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—
(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 nu-
clear 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 PROVISION OF VESSELS OR SHIPPING 
SERVICES TO TRANSPORT CERTAIN GOODS 
RELATED TO PROLIFERATION OR TERRORISM 
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 pro-
liferation 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 pur-
suant to the International Emergency Economic Powers Act 
(50 U.S.C. 1701 et seq.), block and prohibit all transactions 
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 con-
trol of a United States person. 
(b) PERSONS SPECIFIED.—The persons specified in 
this subsection are— 
(1) the person that sold, leased, or provided a 
vessel or provided insurance or reinsurance or an-
other shipping service described in subsection (a); and 
(2) any person that— 
(A) is a successor entity to the person re-
ferred to in paragraph (1); 
(B) owns or controls the person referred to 
in paragraph (1), if the person that owns or con-
trols 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 insurance 
or reinsurance or other shipping service; or 
(C) is owned or controlled by, or under 
common ownership 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 re-
ferred 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. 
(c) WAIVER.—The President may waive the require-
ment 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 co-
ordination with the Secretary of State, shall submit 
to the appropriate congressional committees a report 
identifying operators of vessels and other persons that 
conduct or facilitate significant financial transactions 
with persons that manage ports in Iran that have 
been designated for the imposition of sanctions pursu-
ant 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 unclassi-
fied form but may contain a classified annex. 
(e) RULE OF CONSTRUCTION.—Nothing in this section 
shall be construed to limit the authority of the President 
to designate persons for the imposition of sanctions pursu-
ant to Executive Order No. 13382 (70 Fed. Reg. 38567; re-
lating to the blocking of property of weapons of mass de-
struction 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 oth-
erwise 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 NA-
TIONAL IRANIAN OIL COMPANY OR THE NA-
TIONAL 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 sanc-
tions 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 serv-
ices or insurance or reinsurance for the National Iranian 
Oil Company, the National Iranian Tanker Company, or 
a successor entity to either such company. 
(b) EXCEPTIONS.— 
(1) UNDERWRITERS AND INSURANCE PROVIDERS 
EXERCISING DUE DILIGENCE.—The President is au-
thorized 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 rein-
surance for the National Iranian Oil Company, the
National Iranian Tanker Company, or a successor 
entity to either such company. 
(2) FOOD; MEDICINE; HUMANITARIAN
ASSIST-
ANCE.—The President may not impose sanctions 
under subsection (a) for the provision of underwriting 
services or insurance or reinsurance for any activity 
relating solely to— 
(A) the provision of agricultural commod-
ities, food, medicine, or medical devices to Iran; 
or 
(B) the provision of humanitarian assist-
ance to the people of Iran. 
(3) TERMINATION PERIOD.—The President is au-
thorized not to impose sanctions under subsection (a) 
with respect to a person if the President receives reli-
able assurances that the person will terminate the 
provision of underwriting services or insurance or re-
insurance for the National Iranian Oil Company, the 
National Iranian Tanker Company, and any suc-
cessor entity to either such company, not later than 
the date that is 120 days after the date of the enact-
ment of this Act. 
(c) DEFINITIONS.—In this section: 
(1) AGRICULTURAL COMMODITY.—The term ‘‘ag-
ricultural commodity’’ has the meaning given that
term in section 102 of the Agricultural Trade Act of 
1978 (7 U.S.C. 5602). 
(2) MEDICAL DEVICE.—The term ‘‘medical de-
vice’’ has the meaning given the term ‘‘device’’ in sec-
tion 201 of the Federal Food, Drug, and Cosmetic Act 
(21 U.S.C. 321). 
(3) MEDICINE.—The term ‘‘medicine’’ has the 
meaning given the term ‘‘drug’’ in section 201 of the 
Federal Food, Drug, and Cosmetic Act (21 U.S.C. 
321). 
(d) APPLICATION OF PROVISIONS OF IRAN SANCTIONS 
ACT OF 1996.—The following provisions of the Iran Sanc-
tions Act of 1996, as amended by this Act, apply with re-
spect to the imposition of sanctions under subsection (a) 
to the same extent that such provisions apply with respect 
to the imposition of sanctions under section 5(a) of the Iran 
Sanctions Act of 1996: 
(1) Subsection (c) of section 4. 
(2) Subsections (c), (d), and (f) of section 5. 
(3) Section 8. 
(4) Section 9. 
(5) Section 11. 
(6) Section 12. 
(7) Subsection (b) of section 13. 
(8) Section 14.
(e) RULE OF CONSTRUCTION AND IMPLEMENTATION.— 
Nothing in this section shall be construed to limit the au-
thority of the President to impose sanctions pursuant to the 
Iran Sanctions Act of 1996 (Public Law 104–172; 50 
U.S.C. 1701 note), the Comprehensive Iran Sanctions, Ac-
countability, and Divestment Act of 2010 (22 U.S.C. 8501 
et seq.), the International Emergency Economic Powers Act 
(50 U.S.C. 1701 et seq.), section 1245 of the National De-
fense Authorization Act for Fiscal Year 2012 (22 U.S.C. 
8513a), or any other provision of this Act. 
SEC. 213. IMPOSITION OF SANCTIONS WITH RESPECT TO 
PURCHASE, SUBSCRIPTION TO, OR FACILITA-
TION OF THE ISSUANCE OF IRANIAN SOV-
EREIGN DEBT. 
(a) IN GENERAL.—The President shall impose 5 or 
more of the sanctions described in section 6(a) of the Iran 
Sanctions Act of 1996, as amended by section 204, with 
respect to a person if the President determines that the per-
son knowingly, on or after the date of the enactment of this 
Act, purchases, subscribes to, or facilitates the issuance of— 
(1) sovereign debt of the Government of Iran 
issued on or after such date of enactment, including 
governmental bonds; or
(2) debt of any entity owned or controlled by the 
Government of Iran issued on or after such date of 
enactment, including bonds. 
(b) APPLICATION OF PROVISIONS OF IRAN SANCTIONS 
ACT OF 1996.—The following provisions of the Iran Sanc-
tions Act of 1996, as amended by this Act, apply with re-
spect to the imposition of sanctions under subsection (a) 
to the same extent that such provisions apply with respect 
to the imposition of sanctions under section 5(a) of the Iran 
Sanctions Act of 1996: 
(1) Subsection (c) of section 4. 
(2) Subsections (c), (d), and (f) of section 5. 
(3) Section 8. 
(4) Section 9. 
(5) Section 11. 
(6) Section 12. 
(7) Subsection (b) of section 13. 
(8) Section 14. 
SEC. 214. IMPOSITION OF SANCTIONS WITH RESPECT TO 
SUBSIDIARIES AND AGENTS OF PERSONS 
SANCTIONED BY UNITED NATIONS SECURITY 
COUNCIL RESOLUTIONS. 
(a) IN GENERAL.—Section 104(c)(2)(B) of the Com-
prehensive Iran Sanctions, Accountability, and Divestment 
Act of 2010 (22 U.S.C. 8513(c)(2)(B)) is amended—
(1) by striking ‘‘of a person subject’’ and insert-
ing the following: ‘‘of— 
‘‘(i) a person subject’’; 
(2) in clause (i), as designated by paragraph (1), 
by striking the semicolon and inserting ‘‘; or’’; and 
(3) by adding at the end the following: 
‘‘(ii) a person acting on behalf of or at 
the direction of, or owned or controlled by, 
a person described in clause (i);’’. 
(b) REGULATIONS.—Not later than 90 days after the 
date of the enactment of this Act, the Secretary of the Treas-
ury shall make such revisions to the regulations prescribed 
under section 104 of the Comprehensive Iran Sanctions, Ac-
countability, and Divestment Act of 2010 (22 U.S.C. 8513) 
as are necessary to carry out the amendments made by sub-
section (a). 
SEC. 215. IMPOSITION OF SANCTIONS WITH RESPECT TO 
TRANSACTIONS WITH PERSONS SANCTIONED 
FOR CERTAIN ACTIVITIES RELATING TO TER-
RORISM OR PROLIFERATION OF WEAPONS OF 
MASS DESTRUCTION. 
(a) IN GENERAL.—Section 104(c)(2)(E)(ii) of the 
Comprehensive Iran Sanctions, Accountability, and Divest-
ment Act of 2010 (22 U.S.C. 8513(c)(2)(E)(ii)) is amended
in the matter preceding subclause (I) by striking ‘‘financial 
institution’’ and inserting ‘‘person’’. 
(b) REGULATIONS.—Not later than 90 days after the 
date of the enactment of this Act, the Secretary of the Treas-
ury shall make such revisions to the regulations prescribed 
under section 104 of the Comprehensive Iran Sanctions, Ac-
countability, and Divestment Act of 2010 (22 U.S.C. 8513) 
as are necessary to carry out the amendment made by sub-
section (a). 
SEC. 216. EXPANSION OF, AND REPORTS ON, MANDATORY 
SANCTIONS WITH RESPECT TO FINANCIAL IN-
STITUTIONS THAT ENGAGE IN CERTAIN AC-
TIVITIES RELATING TO IRAN. 
(a) IN GENERAL.—The Comprehensive Iran Sanc-
tions, Accountability, and Divestment Act of 2010 (22 
U.S.C. 8501 et seq.) is amended by inserting after section 
104 the following: 
‘‘SEC. 104A. EXPANSION OF, AND REPORTS ON, MANDATORY 
SANCTIONS WITH RESPECT TO FINANCIAL IN-
STITUTIONS THAT ENGAGE IN CERTAIN AC-
TIVITIES. 
‘‘(a) IN GENERAL.—Not later than 90 days after the 
date of the enactment of the Iran Threat Reduction and 
Syria Human Rights Act of 2012, the Secretary of the 
Treasury shall revise the regulations prescribed under sec-
tion 104(c)(1) to apply to a foreign financial institution 
described in subsection (b) to the same extent and in the 
same manner as those regulations apply to a foreign finan-
cial institution that the Secretary of the Treasury finds 
knowingly engages in an activity described in section 
104(c)(2). 
‘‘(b) 
FOREIGN
FINANCIAL
INSTITUTIONS
DE-
SCRIBED.—A foreign financial institution described in this 
subsection is a foreign financial institution, including an 
Iranian financial institution, that the Secretary of the 
Treasury finds— 
‘‘(1) knowingly facilitates, or participates or as-
sists in, an activity described in section 104(c)(2), in-
cluding by acting on behalf of, at the direction of, or 
as an intermediary for, or otherwise assisting, an-
other person with respect to the activity; 
‘‘(2) attempts or conspires to facilitate or par-
ticipate in such an activity; or 
‘‘(3) is owned or controlled by a foreign finan-
cial institution that the Secretary finds knowingly 
engages in such an activity. 
‘‘(c) REPORTS REQUIRED.— 
‘‘(1) IN
GENERAL.—Not later than 180 days 
after the date of the enactment of the Iran Threat Re-
duction and Syria Human Rights Act of 2012, and
every 180 days thereafter, the Secretary of the Treas-
ury shall submit to the appropriate congressional 
committees a report that contains a detailed descrip-
tion of— 
‘‘(A) the effect of the regulations prescribed 
under section 104(c)(1) on the financial system 
and economy of Iran and capital flows to and 
from Iran; and 
‘‘(B) the ways in which funds move into 
and out of financial institutions described in sec-
tion 104(c)(2)(E)(ii), with specific attention to 
the use of other Iranian financial institutions 
and other foreign financial institutions to receive 
and transfer funds for financial institutions de-
scribed in that section. 
‘‘(2) FORM OF REPORT.—Each report submitted 
under paragraph (1) shall be submitted in unclassi-
fied form but may contain a classified annex. 
‘‘(d) DEFINITIONS.—In this section: 
‘‘(1) FINANCIAL INSTITUTION.—The term ‘finan-
cial institution’ means a financial institution speci-
fied in subparagraph (A), (B), (C), (D), (E), (F), (G), 
(H), (I), (J), (K), (M), (N), (R), or (Y) of section 
5312(a)(2) of title 31, United States Code.
‘‘(2) FOREIGN
FINANCIAL
INSTITUTION.—The 
term ‘foreign financial institution’ has the meaning 
of that term as determined by the Secretary of the 
Treasury pursuant to section 104(i). 
‘‘(3) IRANIAN
FINANCIAL
INSTITUTION.—The 
term ‘Iranian financial institution’ means— 
‘‘(A) a financial institution organized 
under the laws of Iran or any jurisdiction with-
in Iran, including a foreign branch of such an 
institution; 
‘‘(B) a financial institution located in Iran; 
‘‘(C) a financial institution, wherever lo-
cated, owned or controlled by the Government of 
Iran; and 
‘‘(D) a financial institution, wherever lo-
cated, owned or controlled by a financial institu-
tion described in subparagraph (A), (B), or 
(C).’’. 
(b) CLERICAL AMENDMENT.—The table of contents for 
the Comprehensive Iran Sanctions, Accountability, and Di-
vestment Act of 2010 is amended by inserting after the item 
relating to section 104 the following: 
‘‘Sec. 104A. Expansion of, and reports on, mandatory sanctions with respect to 
financial institutions that engage in certain activities.’’.
SEC. 217. CONTINUATION IN EFFECT OF SANCTIONS WITH 
RESPECT TO THE GOVERNMENT OF IRAN, 
THE CENTRAL BANK OF IRAN, AND SANC-
TIONS EVADERS. 
(a) SANCTIONS RELATING TO BLOCKING OF PROPERTY 
OF THE GOVERNMENT OF IRAN AND IRANIAN FINANCIAL IN-
STITUTIONS.—United States sanctions with respect to Iran 
provided for in Executive Order No. 13599 (77 Fed. Reg. 
6659), as in effect on the day before the date of the enact-
ment of this Act, shall remain in effect until the date that 
is 90 days after the date on which the President submits 
to the appropriate congressional committees the certifi-
cation described in subsection (d). 
(b) SANCTIONS RELATING
TO FOREIGN SANCTIONS 
EVADERS.—United States sanctions with respect to Iran 
provided for in Executive Order No. 13608 (77 Fed. Reg. 
26409), as in effect on the day before the date of the enact-
ment of this Act, shall remain in effect until the date that 
is 30 days after the date on which the President submits 
to the appropriate congressional committees the certifi-
cation described in section 401(a) of the Comprehensive 
Iran Sanctions, Accountability, and Divestment Act of 
2010 (22 U.S.C. 8551(a)). 
(c) CONTINUATION OF SANCTIONS WITH RESPECT TO 
THE CENTRAL BANK OF IRAN.—In addition to the sanc-
tions referred to in subsection (a), the President shall con-
tinue to apply to the Central Bank of Iran sanctions pursu-
ant to the International Emergency Economic Powers Act 
(50 U.S.C. 1701 et seq.), including blocking of property and 
restrictions or prohibitions on financial transactions and 
the exportation of property, until the date that is 90 days 
after the date on which the President submits to Congress 
the certification described in subsection (d). 
(d) CERTIFICATION DESCRIBED.— 
(1) IN GENERAL.—The certification described in 
this subsection is the certification of the President to 
Congress that the Central Bank of Iran is not— 
(A) providing financial services in support 
of, or otherwise facilitating, the ability of Iran 
to— 
(i) acquire or develop chemical, biologi-
cal, or nuclear weapons, or related tech-
nologies; 
(ii) construct, equip, operate, or main-
tain nuclear facilities that could aid Iran’s 
effort to acquire a nuclear capability; or 
(iii) acquire or develop ballistic mis-
siles, cruise missiles, or destabilizing types 
and amounts of conventional weapons; or 
(B) facilitating transactions or providing 
financial services for—
(i) Iran’s Revolutionary Guard Corps; 
or 
(ii) financial institutions the property 
or interests in property of which are blocked 
pursuant to the International Emergency 
Economic Powers Act (50 U.S.C. 1701 et 
seq.) in connection with— 
(I) Iran’s proliferation of weapons 
of mass destruction or delivery systems 
for weapons of mass destruction; or 
(II) Iran’s support for inter-
national terrorism. 
(2) SUBMISSION TO CONGRESS.— 
(A) IN GENERAL.—The President shall sub-
mit the certification described in paragraph (1) 
to the appropriate congressional committees in 
writing and shall include a justification for the 
certification. 
(B) FORM OF CERTIFICATION.—The certifi-
cation described in paragraph (1) shall be sub-
mitted 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 
pursuant to the International Emergency Economic Powers
Act (50 U.S.C. 1701 et seq.) or the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010 (22 
U.S.C. 8501 et seq.). 
SEC. 218. LIABILITY OF PARENT COMPANIES FOR VIOLA-
TIONS OF SANCTIONS BY FOREIGN SUBSIDI-
ARIES. 
(a) DEFINITIONS.—In this section: 
(1) ENTITY.—The term ‘‘entity’’ means a part-
nership, association, trust, joint venture, corporation, 
or other organization. 
(2) OWN OR CONTROL.—The term ‘‘own or con-
trol’’ means, with respect to an entity— 
(A) to hold more than 50 percent of the eq-
uity interest by vote or value in the entity; 
(B) to hold a majority of seats on the board 
of directors of the entity; or 
(C) to otherwise control the actions, policies, 
or personnel decisions of the entity. 
(b) PROHIBITION.—Not later than 60 days after the 
date of the enactment of this Act, the President shall pro-
hibit an entity owned or controlled by a United States per-
son and established or maintained outside the United States 
from knowingly engaging in any transaction directly or in-
directly with the Government of Iran or any person subject 
to the jurisdiction of the Government of Iran that would
be prohibited by an order or regulation issued pursuant to 
the International Emergency Economic Powers Act (50 
U.S.C. 1701 et seq.) if the transaction were engaged in by 
a United States person or in the United States. 
(c) CIVIL PENALTY.—The civil penalties provided for 
in section 206(b) of the International Emergency Economic 
Powers Act (50 U.S.C. 1705(b)) shall apply to a United 
States person to the same extent that such penalties apply 
to a person that commits an unlawful act described in sec-
tion 206(a) of that Act if an entity owned or controlled 
by the United States person and established or maintained 
outside the United States violates, attempts to violate, con-
spires to violate, or causes a violation of any order or regu-
lation issued to implement subsection (b). 
(d) APPLICABILITY.—Subsection (c) shall not apply 
with respect to a transaction described in subsection (b) by 
an entity owned or controlled by a United States person 
and established or maintained outside the United States if 
the United States person divests or terminates its business 
with the entity not later than the date that is 180 days 
after the date of the enactment of this Act.
SEC. 219. DISCLOSURES TO THE SECURITIES AND EX-
CHANGE 
COMMISSION 
RELATING 
TO 
SANCTIONABLE ACTIVITIES. 
(a) IN GENERAL.—Section 13 of the Securities Ex-
change Act of 1934 (15 U.S.C. 78m) is amended by adding 
at the end the following new subsection: 
‘‘(r) DISCLOSURE OF CERTAIN ACTIVITIES RELATING 
TO IRAN.— 
‘‘(1) IN GENERAL.—Each issuer required to file 
an annual or quarterly report under subsection (a) 
shall disclose in that report the information required 
by paragraph (2) if, during the period covered by the 
report, the issuer or any affiliate of the issuer— 
‘‘(A) knowingly engaged in an activity de-
scribed in subsection (a) or (b) of section 5 of the 
Iran Sanctions Act of 1996 (Public Law 104– 
172; 50 U.S.C. 1701 note); 
‘‘(B) knowingly engaged in an activity de-
scribed in subsection (c)(2) of section 104 of the 
Comprehensive Iran Sanctions, Accountability, 
and Divestment Act of 2010 (22 U.S.C. 8513) or 
a transaction described in subsection (d)(1) of 
that section; 
‘‘(C) knowingly engaged in an activity de-
scribed in section 105A(b)(2) of that Act; or
‘‘(D) knowingly conducted any transaction 
or dealing with— 
‘‘(i) any person the property and in-
terests in property of which are blocked pur-
suant to Executive Order No. 13224 (66 
Fed. Reg. 49079; relating to blocking prop-
erty and prohibiting transactions with per-
sons who commit, threaten to commit, or 
support terrorism); 
‘‘(ii) any person the property and in-
terests in property of which are blocked pur-
suant to Executive Order No. 13382 (70 
Fed. Reg. 38567; relating to blocking of 
property of weapons of mass destruction 
proliferators and their supporters); or 
‘‘(iii) any person or entity identified 
under section 560.304 of title 31, Code of 
Federal Regulations (relating to the defini-
tion of the Government of Iran) without the 
specific authorization of a Federal depart-
ment or agency. 
‘‘(2) INFORMATION REQUIRED.—If an issuer or 
an affiliate of the issuer has engaged in any activity 
described in paragraph (1), the issuer shall disclose a 
detailed description of each such activity, including—
‘‘(A) the nature and extent of the activity; 
‘‘(B) the gross revenues and net profits, if 
any, attributable to the activity; and 
‘‘(C) whether the issuer or the affiliate of the 
issuer (as the case may be) intends to continue 
the activity. 
‘‘(3) NOTICE OF DISCLOSURES.—If an issuer re-
ports under paragraph (1) that the issuer or an affil-
iate of the issuer has knowingly engaged in any activ-
ity described in that paragraph, the issuer shall sepa-
rately file with the Commission, concurrently with the 
annual or quarterly report under subsection (a), a 
notice that the disclosure of that activity has been in-
cluded in that annual or quarterly report that identi-
fies the issuer and contains the information required 
by paragraph (2). 
‘‘(4) PUBLIC
DISCLOSURE
OF
INFORMATION.— 
Upon receiving a notice under paragraph (3) that an 
annual or quarterly report includes a disclosure of an 
activity described in paragraph (1), the Commission 
shall promptly— 
‘‘(A) transmit the report to— 
‘‘(i) the President;
‘‘(ii) the Committee on Foreign Affairs 
and the Committee on Financial Services of 
the House of Representatives; and 
‘‘(iii) the Committee on Foreign Rela-
tions and the Committee on Banking, Hous-
ing, and Urban Affairs of the Senate; and 
‘‘(B) make the information provided in the 
disclosure and the notice available to the public 
by posting the information on the Internet 
website of the Commission. 
‘‘(5) INVESTIGATIONS.—Upon receiving a report 
under paragraph (4) that includes a disclosure of an 
activity described in paragraph (1) (other than an 
activity described in subparagraph (D)(iii) of that 
paragraph), the President shall— 
‘‘(A) initiate an investigation into the pos-
sible imposition of sanctions under the Iran 
Sanctions Act of 1996 (Public Law 104–172; 50 
U.S.C. 1701 note), section 104 or 105A of the 
Comprehensive Iran Sanctions, Accountability, 
and Divestment Act of 2010, an Executive order 
specified in clause (i) or (ii) of paragraph 
(1)(D), or any other provision of law relating to 
the imposition of sanctions with respect to Iran, 
as applicable; and
‘‘(B) not later than 180 days after initi-
ating such an investigation, make a determina-
tion with respect to whether sanctions should be 
imposed with respect to the issuer or the affiliate 
of the issuer (as the case may be). 
‘‘(6) SUNSET.—The provisions of this subsection 
shall terminate on the date that is 30 days after the 
date on which the President makes the certification 
described in section 401(a) of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 
2010 (22 U.S.C. 8551(a)).’’. 
(b) EFFECTIVE DATE.—The amendment made by sub-
section (a) shall take effect with respect to reports required 
to be filed with the Securities and Exchange Commission 
after the date that is 180 days after the date of the enact-
ment of this Act. 
SEC. 220. REPORTS ON, AND AUTHORIZATION OF IMPOSI-
TION OF SANCTIONS WITH RESPECT TO, THE 
PROVISION OF SPECIALIZED FINANCIAL MES-
SAGING SERVICES TO THE CENTRAL BANK OF 
IRAN AND OTHER SANCTIONED IRANIAN FI-
NANCIAL INSTITUTIONS. 
(a) SENSE OF CONGRESS.—It is the sense of Congress 
that—
(1) providers of specialized financial messaging 
services are a critical link to the international finan-
cial system; 
(2) the European Union is to be commended for 
strengthening 
the 
multilateral 
sanctions 
regime 
against Iran by deciding that specialized financial 
messaging services may not be provided to the Central 
Bank of Iran and other sanctioned Iranian financial 
institutions by persons subject to the jurisdiction of 
the European Union; and 
(3) the loss of access by sanctioned Iranian fi-
nancial institutions to specialized financial mes-
saging services must be maintained. 
(b) REPORTS REQUIRED.— 
(1) IN GENERAL.—Not later than 60 days after 
the date of the enactment of this Act, and every 90 
days thereafter, the Secretary of the Treasury shall 
submit to the appropriate congressional committees a 
report that contains— 
(A) a list of all persons that the Secretary 
has identified that directly provide specialized fi-
nancial messaging services to, or enable or facili-
tate direct or indirect access to such messaging 
services for, the Central Bank of Iran or a finan-
cial 
institution 
described 
in 
section
104(c)(2)(E)(ii) of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act 
of 2010 (22 U.S.C. 8513(c)(2)(E)(ii)); and 
(B) a detailed assessment of the status of ef-
forts by the Secretary to end the direct provision 
of such messaging services to, and the enabling 
or facilitation of direct or indirect access to such 
messaging services for, the Central Bank of Iran 
or a financial institution described in that sec-
tion. 
(2) ENABLING OR FACILITATION OF ACCESS TO 
SPECIALIZED
FINANCIAL
MESSAGING
SERVICES 
THROUGH INTERMEDIARY FINANCIAL INSTITUTIONS.— 
For purposes of paragraph (1) and subsection (c), en-
abling or facilitating direct or indirect access to spe-
cialized financial messaging services for the Central 
Bank of Iran or a financial institution described in 
section 104(c)(2)(E)(ii) of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 
2010 (22 U.S.C. 8513(c)(2)(E)(ii)) includes doing so 
by serving as an intermediary financial institution 
with access to such messaging services. 
(3) FORM
OF
REPORT.—A report submitted 
under paragraph (1) shall be submitted in unclassi-
fied form but may contain a classified annex.
(c) AUTHORIZATION OF IMPOSITION OF SANCTIONS.— 
(1) IN GENERAL.—Except as provided in para-
graph (2), if, on or after the date that is 90 days after 
the date of the enactment of this Act, a person con-
tinues to knowingly and directly provide specialized 
financial messaging services to, or knowingly enable 
or facilitate direct or indirect access to such mes-
saging services for, the Central Bank of Iran or a fi-
nancial institution described in paragraph (2)(E)(ii) 
of section 104(c) of the Comprehensive Iran Sanc-
tions, Accountability, and Divestment Act of 2010 (22 
U.S.C. 8513(c)), the President may impose sanctions 
pursuant to that section or the International Emer-
gency Economic Powers Act (50 U.S.C. 1701 et seq.) 
with respect to the person. 
(2) EXCEPTION.—The President may not impose 
sanctions pursuant to paragraph (1) with respect to 
a person for directly providing specialized financial 
messaging services to, or enabling or facilitating di-
rect or indirect access to such messaging services for, 
the Central Bank of Iran or a financial institution 
described in section 104(c)(2)(E)(ii) of the Com-
prehensive Iran Sanctions, Accountability, and Di-
vestment Act of 2010 (22 U.S.C. 8513(c)(2)(E)(ii)) 
if—
(A) the person is subject to a sanctions re-
gime under its governing foreign law that re-
quires it to eliminate the knowing provision of 
such messaging services to, and the knowing ena-
bling and facilitation of direct or indirect access 
to such messaging services for— 
(i) the Central Bank of Iran; and 
(ii) a group of Iranian financial insti-
tutions identified under such governing for-
eign law for purposes of that sanctions re-
gime if the President determines that— 
(I) the group is substantially 
similar to the group of financial insti-
tutions 
described 
in 
section 
104(c)(2)(E)(ii) of the Comprehensive 
Iran Sanctions, Accountability, and 
Divestment Act of 2010 (22 U.S.C. 
8513(c)(2)(E)(ii)); and 
(II) the differences between those 
groups of financial institutions do not 
adversely affect the national interest of 
the United States; and 
(B) the person has, pursuant to that sanc-
tions regime, terminated the knowing provision 
of such messaging services to, and the knowing
enabling and facilitation of direct or indirect ac-
cess to such messaging services for, the Central 
Bank of Iran and each Iranian financial insti-
tution identified under such governing foreign 
law for purposes of that sanctions regime. 
(d) RULE OF CONSTRUCTION.—Nothing in this section 
shall be construed to limit the authority of the President 
pursuant to the International Emergency Economic Powers 
Act (50 U.S.C. 1701 et seq.) or the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010 (22 
U.S.C. 8501 et seq.). 
SEC. 221. IDENTIFICATION OF, AND IMMIGRATION RESTRIC-
TIONS ON, SENIOR OFFICIALS OF THE GOV-
ERNMENT OF IRAN AND THEIR FAMILY MEM-
BERS. 
(a) IDENTIFICATION.—Not later than 180 days after 
the date of the enactment of this Act, and annually there-
after, the President shall publish a list of each individual 
the President determines is— 
(1) a senior official of the Government of Iran 
described in subsection (b) that is involved in 
Iran’s— 
(A) illicit nuclear activities or proliferation 
of weapons of mass destruction or delivery sys-
tems for weapons of mass destruction;
(B) support for international terrorism; or 
(C) commission of serious human rights 
abuses against citizens of Iran or their family 
members; or 
(2) a family member of such an official. 
(b) SENIOR OFFICIALS OF THE GOVERNMENT OF IRAN 
DESCRIBED.—A senior official of the Government of Iran 
described in this subsection is any senior official of that 
Government, including— 
(1) the Supreme Leader of Iran; 
(2) the President of Iran; 
(3) a member of the Cabinet of the Government 
of Iran; 
(4) a member of the Assembly of Experts; 
(5) a senior member of the Intelligence Ministry 
of Iran; or 
(6) a senior member of Iran’s Revolutionary 
Guard Corps, including a senior member of a para-
military organization such as Ansar-e-Hezbollah or 
Basij-e Motaz’afin. 
(c) EXCLUSION FROM UNITED STATES.—Except as 
provided in subsection (d), the Secretary of State shall deny 
a visa to, and the Secretary of Homeland Security shall 
exclude from the United States, any alien who is on the 
list required by subsection (a).
(d) EXCEPTION TO COMPLY WITH UNITED NATIONS 
HEADQUARTERS AGREEMENT.—Subsection (c) shall not 
apply to an individual if admitting the individual to the 
United States is necessary to permit the United States to 
comply with the Agreement between the United Nations and 
the United States of America regarding the Headquarters 
of the United Nations, signed June 26, 1947, and entered 
into force November 21, 1947, and other applicable inter-
national obligations. 
(e) WAIVER.—The President may waive the applica-
tion of subsection (a) or (c) with respect to an individual 
if the President— 
(1) determines that such a waiver is essential to 
the national interests of the United States; and 
(2) not less than 7 days before the waiver takes 
effect, notifies Congress of the waiver and the reason 
for the waiver. 
SEC. 222. SENSE OF CONGRESS AND RULE OF CONSTRUC-
TION RELATING TO CERTAIN AUTHORITIES 
OF STATE AND LOCAL GOVERNMENTS. 
(a) SENSE OF CONGRESS.—It is the sense of Congress 
that the United States should support actions by States or 
local governments that are within their authority, including 
determining how investment assets are valued for purposes 
of safety and soundness of financial institutions and insur-
ers, that are consistent with and in furtherance of the pur-
poses of this Act and other Acts that are amended by this 
Act. 
(b) RULE
OF CONSTRUCTION.—Section 202 of the 
Comprehensive Iran Sanctions, Accountability, and Divest-
ment Act of 2010 (22 U.S.C. 8532) is amended by adding 
at the end the following: 
‘‘(j) RULE OF CONSTRUCTION.—Nothing in this Act or 
any other provision of law authorizing sanctions with re-
spect to Iran shall be construed to abridge the authority 
of a State to issue and enforce rules governing the safety, 
soundness, and solvency of a financial institution subject 
to its jurisdiction or the business of insurance pursuant to 
the Act of March 9, 1945 (15 U.S.C. 1011 et seq.) (com-
monly known as the ‘McCarran-Ferguson Act’).’’. 
SEC. 223. GOVERNMENT ACCOUNTABILITY OFFICE REPORT 
ON FOREIGN ENTITIES THAT INVEST IN THE 
ENERGY SECTOR OF IRAN OR EXPORT RE-
FINED PETROLEUM PRODUCTS TO IRAN. 
(a) INITIAL REPORT.— 
(1) IN GENERAL.—Not later than 120 days after 
the date of the enactment of this Act, the Comptroller 
General of the United States shall submit to the ap-
propriate congressional committees a report—
(A) listing all foreign investors in the en-
ergy sector of Iran during the period specified in 
paragraph (2), including— 
(i) entities that exported gasoline and 
other refined petroleum products to Iran; 
(ii) entities involved in providing re-
fined petroleum products to Iran, includ-
ing— 
(I) entities that provided ships to 
transport refined petroleum products to 
Iran; and 
(II) entities that provided insur-
ance or reinsurance for shipments of 
refined petroleum products to Iran; 
and 
(iii) entities involved in commercial 
transactions of any kind, including joint 
ventures anywhere in the world, with Ira-
nian energy companies; and 
(B) identifying the countries in which gaso-
line and other refined petroleum products ex-
ported to Iran during the period specified in 
paragraph (2) were produced or refined. 
(2) PERIOD SPECIFIED.—The period specified in 
this paragraph is the period beginning on January 1,
2009, and ending on the date that is 150 days after 
the date of the enactment of this Act. 
(b) UPDATED REPORT.—Not later than one year after 
submitting the report required by subsection (a), the Comp-
troller General of the United States shall submit to the ap-
propriate congressional committees a report containing the 
matters required in the report under subsection (a)(1) for 
the one-year period beginning on the date that is 30 days 
before the date on which the preceding report was required 
to be submitted by this section. 
SEC. 224. REPORTING ON THE IMPORTATION TO AND EX-
PORTATION FROM IRAN OF CRUDE OIL AND 
REFINED PETROLEUM PRODUCTS. 
Section 110(b) of the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010 (22 U.S.C. 
8518(b)) is amended by striking ‘‘a report containing the 
matters’’ and all that follows through the period at the end 
and inserting the following: ‘‘a report, covering the 180-day 
period beginning on the date that is 30 days before the date 
on which the preceding report was required to be submitted 
by this section, that— 
‘‘(1) contains the matters required in the report 
under subsection (a)(1); and 
‘‘(2) identifies—
‘‘(A) the volume of crude oil and refined pe-
troleum products imported to and exported from 
Iran (including through swaps and similar ar-
rangements); 
‘‘(B) the persons selling and transporting 
crude oil and refined petroleum products de-
scribed in subparagraph (A), the countries with 
primary jurisdiction over those persons, and the 
countries in which those products were refined; 
‘‘(C) the sources of financing for imports to 
Iran of crude oil and refined petroleum products 
described in subparagraph (A); and 
‘‘(D) the involvement of foreign persons in 
efforts to assist Iran in— 
‘‘(i) developing upstream oil and gas 
production capacity; 
‘‘(ii) importing advanced technology to 
upgrade existing Iranian refineries; 
‘‘(iii) converting existing chemical 
plants to petroleum refineries; or 
‘‘(iv) maintaining, upgrading, or ex-
panding existing refineries or constructing 
new refineries.’’.
TITLE III—SANCTIONS WITH RE-
SPECT TO IRAN’S REVOLU-
TIONARY GUARD CORPS 
Subtitle A—Identification of, and 
Sanctions With Respect to, Offi-
cials, 
Agents, 
Affiliates, 
and 
Supporters 
of 
Iran’s 
Revolu-
tionary Guard Corps and Other 
Sanctioned Persons 
SEC. 301. IDENTIFICATION OF, AND IMPOSITION OF SANC-
TIONS 
WITH 
RESPECT 
TO, 
OFFICIALS, 
AGENTS, AND AFFILIATES OF IRAN’S REVOLU-
TIONARY GUARD CORPS. 
(a) IN GENERAL.—Not later than 90 days after the 
date of the enactment of this Act, and as appropriate there-
after, the President shall— 
(1) identify foreign persons that are officials, 
agents, or affiliates of Iran’s Revolutionary Guard 
Corps; and 
(2) for each foreign person identified under 
paragraph (1) that is not already designated for the 
imposition of sanctions pursuant to the International 
Emergency Economic Powers Act (50 U.S.C. 1701 et 
seq.)—
(A) designate that foreign person for the im-
position of sanctions pursuant to that Act; and 
(B) block and prohibit all transactions in 
all property and interests in property of that 
foreign person if such property and interests in 
property are in the United States, come within 
the United States, or are or come within the pos-
session or control of a United States person. 
(b) PRIORITY
FOR INVESTIGATION.—In identifying 
foreign persons pursuant to subsection (a)(1) as officials, 
agents, or affiliates of Iran’s Revolutionary Guard Corps, 
the President shall give priority to investigating— 
(1) foreign persons or entities identified under 
section 560.304 of title 31, Code of Federal Regula-
tions (relating to the definition of the Government of 
Iran); and 
(2) foreign persons for which there is a reason-
able basis to find that the person has conducted or at-
tempted to conduct one or more sensitive transactions 
or activities described in subsection (c). 
(c) SENSITIVE TRANSACTIONS AND ACTIVITIES DE-
SCRIBED.—A sensitive transaction or activity described in 
this subsection is— 
(1) a financial transaction or series of trans-
actions valued at more than $1,000,000 in the aggre-
gate in any 12-month period involving a non-Iranian 
financial institution; 
(2) a transaction to facilitate the manufacture, 
importation, exportation, or transfer of items needed 
for the development by Iran of nuclear, chemical, bio-
logical, or advanced conventional weapons, including 
ballistic missiles; 
(3) a transaction relating to the manufacture, 
procurement, or sale of goods, services, and technology 
relating to Iran’s energy sector, including a trans-
action relating to the development of the energy re-
sources of Iran, the exportation of petroleum products 
from Iran, the importation of refined petroleum to 
Iran, or the development of refining capacity avail-
able to Iran; 
(4) a transaction relating to the manufacture, 
procurement, or sale of goods, services, and technology 
relating to Iran’s petrochemical sector; or 
(5) a transaction relating to the procurement of 
sensitive technologies (as defined in section 106(c) of 
the Comprehensive Iran Sanctions, Accountability, 
and Divestment Act of 2010 (22 U.S.C. 8515(c))). 
(d) EXCLUSION FROM UNITED STATES.— 
(1) IN GENERAL.—Subject to paragraph (2), the 
Secretary of State shall deny a visa to, and the Sec-
retary of Homeland Security shall exclude from the 
United States, any alien who, on or after the date of 
the enactment of this Act, is a foreign person des-
ignated pursuant to subsection (a) for the imposition 
of sanctions pursuant to the International Emergency 
Economic Powers Act (50 U.S.C. 1701 et seq.). 
(2) REGULATORY EXCEPTIONS TO COMPLY WITH 
INTERNATIONAL
OBLIGATIONS.—The requirement to 
deny visas to and exclude aliens from the United 
States pursuant to paragraph (1) shall be subject to 
such regulations as the President may prescribe, in-
cluding regulatory exceptions to permit the United 
States to comply with the Agreement between the 
United Nations and the United States of America re-
garding the Headquarters of the United Nations, 
signed June 26, 1947, and entered into force Novem-
ber 21, 1947, and other applicable international obli-
gations. 
(e) WAIVER OF IMPOSITION OF SANCTIONS.— 
(1) IN GENERAL.—The President may waive the 
application of subsection (a) or (d) with respect to a 
foreign person if the President— 
(A) determines that it is vital to the na-
tional security interests of the United States to 
do so; and
(B) submits to the appropriate congres-
sional committees a report that— 
(i) identifies the foreign person with 
respect to which the waiver applies; and 
(ii) sets forth the reasons for the deter-
mination. 
(2) FORM
OF
REPORT.—A report submitted 
under paragraph (1)(B) shall be submitted in unclas-
sified form but may contain a classified annex. 
(f) RULE OF CONSTRUCTION.—Nothing in this section 
shall be construed to remove any sanction of the United 
States in force with respect to Iran’s Revolutionary Guard 
Corps as of the date of the enactment of this Act. 
SEC. 302. IDENTIFICATION OF, AND IMPOSITION OF SANC-
TIONS WITH RESPECT TO, PERSONS THAT 
SUPPORT OR CONDUCT CERTAIN TRANS-
ACTIONS 
WITH 
IRAN’S 
REVOLUTIONARY 
GUARD CORPS OR OTHER SANCTIONED PER-
SONS. 
(a) IDENTIFICATION.— 
(1) IN GENERAL.—Not later than 90 days after 
the date of the enactment of this Act, and every 180 
days thereafter, the President shall submit to the ap-
propriate congressional committees a report identi-
fying foreign persons that the President determines,
on or after the date of the enactment of this Act, 
knowingly— 
(A) materially assist, sponsor, or provide fi-
nancial, material, or technological support for, 
or goods or services in support of, Iran’s Revolu-
tionary Guard Corps or any of its officials, 
agents, or affiliates the property and interests in 
property of which are blocked pursuant to the 
International Emergency Economic Powers Act 
(50 U.S.C. 1701 et seq.); 
(B) engage in a significant transaction or 
transactions with Iran’s Revolutionary Guard 
Corps or any of its officials, agents, or affili-
ates— 
(i) the property and interests in prop-
erty of which are blocked pursuant to that 
Act; or 
(ii) that are identified under section 
301(a)(1) or pursuant to paragraph (4)(A) 
of section 104(c) of the Comprehensive Iran 
Sanctions, Accountability, and Divestment 
Act of 2010, as added by section 312; or 
(C) engage in a significant transaction or 
transactions with—
(i) a person subject to financial sanc-
tions pursuant to United Nations Security 
Council Resolution 1737 (2006), 1747 
(2007), 1803 (2008), or 1929 (2010), or any 
other resolution that is adopted by the Secu-
rity Council and imposes sanctions with re-
spect to Iran or modifies such sanctions; or 
(ii) a person acting on behalf of or at 
the direction of, or owned or controlled by, 
a person described in clause (i). 
(2) FORM
OF
REPORT.—A report submitted 
under paragraph (1) shall be submitted in unclassi-
fied form but may contain a classified annex. 
(3) BARTER
TRANSACTIONS.—For purposes of 
paragraph (1), the term ‘‘transaction’’ includes a bar-
ter transaction. 
(b) IMPOSITION OF SANCTIONS.—If the President de-
termines under subsection (a)(1) that a foreign person has 
knowingly engaged in an activity described in that sub-
section, the President— 
(1) shall impose 5 or more of the sanctions de-
scribed in section 6(a) of the Iran Sanctions Act of 
1996, as amended by section 204; and
(2) may impose additional sanctions pursuant to 
the International Emergency Economic Powers Act 
(50 U.S.C. 1701 et seq.) with respect to the person. 
(c) TERMINATION.—The President may terminate a 
sanction imposed with respect to a foreign person pursuant 
to subsection (b) if the President determines that the per-
son— 
(1) no longer engages in the activity for which 
the sanction was imposed; and 
(2) has provided assurances to the President that 
the person will not engage in any activity described 
in subsection (a)(1) in the future. 
(d) WAIVER OF IMPOSITION OF SANCTIONS.— 
(1) IN GENERAL.—The President may waive the 
imposition of sanctions under subsection (b) with re-
spect to a foreign person if the President— 
(A)(i) determines that the person has ceased 
the activity for which sanctions would otherwise 
be imposed and has taken measures to prevent a 
recurrence of the activity; or 
(ii) determines that it is essential to the na-
tional security interests of the United States to 
do so; and 
(B) submits to the appropriate congres-
sional committees a report that—
(i) identifies the foreign person with 
respect to which the waiver applies; 
(ii) describes the activity that would 
otherwise subject the foreign person to the 
imposition of sanctions under subsection 
(b); and 
(iii) sets forth the reasons for the deter-
mination. 
(2) FORM
OF
REPORT.—A report submitted 
under paragraph (1)(B) shall be submitted in unclas-
sified form but may contain a classified annex. 
(e) WAIVER
OF
IDENTIFICATIONS
AND
DESIGNA-
TIONS.—Notwithstanding any other provision of this sub-
title and subject to paragraph (2), the President shall not 
be required to make any identification of a foreign person 
under subsection (a) or any identification or designation 
of a foreign person under section 301(a) if the President— 
(1) determines that doing so would cause damage 
to the national security of the United States; and 
(2) notifies the appropriate congressional com-
mittees of the exercise of the authority provided under 
this subsection. 
(f) APPLICATION OF PROVISIONS OF IRAN SANCTIONS 
ACT OF 1996.—The following provisions of the Iran Sanc-
tions Act of 1996, as amended by this Act, apply with re-
spect to the imposition under subsection (b)(1) of sanctions 
relating to activities described in subsection (a)(1) to the 
same extent that such provisions apply with respect to the 
imposition of sanctions under section 5(a) of the Iran Sanc-
tions Act of 1996: 
(1) Subsections (c) and (e) of section 4. 
(2) Subsections (c), (d), and (f) of section 5. 
(3) Section 8. 
(4) Section 9. 
(5) Section 11. 
(6) Section 12. 
(7) Subsection (b) of section 13. 
(8) Section 14. 
SEC. 303. IDENTIFICATION OF, AND IMPOSITION OF MEAS-
URES WITH RESPECT TO, FOREIGN GOVERN-
MENT AGENCIES CARRYING OUT ACTIVITIES 
OR TRANSACTIONS WITH CERTAIN IRAN-AF-
FILIATED PERSONS. 
(a) IDENTIFICATION.— 
(1) IN GENERAL.—Not later than 120 days after 
the date of the enactment of this Act, and every 180 
days thereafter, the President shall submit to the ap-
propriate congressional committees a report that 
identifies each agency of the government of a foreign 
country (other than Iran) that the President deter-
mines knowingly and materially assisted, sponsored, 
or provided financial, material, or technological sup-
port for, or goods or services in support of, or know-
ingly and materially engaged in a significant trans-
action with, any person described in paragraph (2). 
(2) PERSON DESCRIBED.—A person described in 
this paragraph is— 
(A) a foreign person that is an official, 
agent, or affiliate of Iran’s Revolutionary Guard 
Corps that is designated for the imposition of 
sanctions pursuant to the International Emer-
gency Economic Powers Act (50 U.S.C. 1701 et 
seq.); 
(B) a foreign person that is designated and 
subject to financial sanctions pursuant to— 
(i) the Annex of United Nations Secu-
rity Council Resolution 1737 (2006); 
(ii) Annex I of United Nations Secu-
rity Council Resolution 1747 (2007); 
(iii) Annex I, II, or III of United Na-
tions Security Council Resolution 1803 
(2008); 
(iv) Annex I, II, or III of United Na-
tions Security Council Resolution 1929 
(2010); or
(v) any subsequent and related United 
Nations Security Council resolution, or any 
annex thereto, that imposes new sanctions 
with respect to Iran or modifies existing 
sanctions with respect to Iran; or 
(C) a foreign person that the agency knows 
is acting on behalf of or at the direction of, or 
owned or controlled by, a person described in 
subparagraph (A) or (B). 
(3) FORM OF REPORT.—Each report submitted 
under paragraph (1) shall be submitted in unclassi-
fied form but may contain a classified annex. 
(b) IMPOSITION OF MEASURES.— 
(1) IN
GENERAL.—The President may impose 
any of the following measures with respect to an 
agency identified pursuant to subsection (a) if the 
President determines that the assistance, exports, or 
other support to be prohibited by reason of the impo-
sition of the measures have contributed and would 
otherwise directly or indirectly contribute to the agen-
cy’s capability to continue the activities or trans-
actions for which the agency has been identified pur-
suant to subsection (a): 
(A) No assistance may be provided to the 
agency under the Foreign Assistance Act of 1961
(22 U.S.C. 2151 et seq.) or the Arms Export 
Control Act (22 U.S.C. 2751 et seq.) other than 
humanitarian assistance or the provision of food 
or other agricultural commodities. 
(B) No sales of any defense articles, defense 
services, or design and construction services 
under the Arms Export Control Act (22 U.S.C. 
2751 et seq.) may be made to the agency. 
(C) No licenses for export of any item on 
the United States Munitions List that include 
the agency as a party to the license may be 
granted. 
(D) No exports may be permitted to the 
agency of any goods or technologies controlled for 
national security reasons under the Export Ad-
ministration Regulations, except that such prohi-
bition shall not apply to any transaction subject 
to the reporting requirements of title V of the Na-
tional Security Act of 1947 (50 U.S.C. 413 et 
seq.; relating to congressional oversight of intel-
ligence activities). 
(E) The United States shall oppose any 
loan or financial or technical assistance to the 
agency by international financial institutions in
accordance with section 701 of the International 
Financial Institutions Act (22 U.S.C. 262d). 
(F) The United States shall deny to the 
agency any credit or financial assistance by any 
department, agency, or instrumentality of the 
United States Government, except that this para-
graph shall not apply— 
(i) to any transaction subject to the re-
porting requirements of title V of the Na-
tional Security Act of 1947 (50 U.S.C. 413 
et seq.; relating to congressional oversight of 
intelligence activities); 
(ii) to the provision of medicines, med-
ical equipment, and humanitarian assist-
ance; or 
(iii) to any credit, credit guarantee, or 
financial assistance provided by the Depart-
ment of Agriculture to support the purchase 
of food or other agricultural commodities. 
(G) Additional restrictions as may be im-
posed pursuant to the International Emergency 
Economic Powers Act (50 U.S.C. 1701 et seq.). 
(2) RULE OF CONSTRUCTION.—Nothing in this 
subsection shall be construed to impose measures with 
respect to programs under section 1501 of the Na-
tional Defense Authorization Act for Fiscal Year 1997 
(50 U.S.C. 2632 note) and programs under the Atom-
ic Energy Defense Act (50 U.S.C. 2501 et seq.). 
(c) TERMINATION.—The President may terminate any 
measures imposed with respect to an agency pursuant to 
subsection (b) if the President determines and notifies the 
appropriate congressional committees that— 
(1)(A) a person described in subparagraph (A) 
or (B) of subsection (a)(2) with respect to which the 
agency is carrying out activities or transactions is no 
longer designated pursuant to subparagraph (A) or 
(B) of subsection (a)(2); or 
(B) any person described in subparagraph (C) of 
subsection (a)(2) with respect to which the agency is 
carrying out activities or transactions is no longer 
acting on behalf of or at the direction of, or owned 
or controlled by, any person described in subpara-
graph (A) or (B) of subsection (a)(2); 
(2) the agency is no longer carrying out activi-
ties or transactions for which the measures were im-
posed and has provided assurances to the United 
States Government that the agency will not carry out 
the activities or transactions in the future; or 
(3) it is essential to the national security interest 
of the United States to terminate such measures.
(d) WAIVER.—If the President does not impose one or 
more measures described in subsection (b) with respect to 
an agency identified in the report required by subsection 
(a), the President shall include in the subsequent report an 
explanation as to why the President did not impose such 
measures. 
(e) DEFINITION.—In this section, the term ‘‘appro-
priate congressional committees’’ means— 
(1) the Committee on Foreign Relations, the 
Committee on Appropriations, the Committee on 
Armed Services, the Committee on Banking, Housing, 
and Urban Affairs, the Committee on Finance, and 
the Select Committee on Intelligence of the Senate; 
and 
(2) the Committee on Foreign Affairs, the Com-
mittee on Appropriations, the Committee on Armed 
Services, the Committee on Financial Services, the 
Committee on Ways and Means, and the Permanent 
Select Committee on Intelligence of the House of Rep-
resentatives. 
(f) EFFECTIVE DATE.—This section shall take effect on 
the date of the enactment of this Act and apply with respect 
to activities and transactions described in subsection (a) 
that are carried out on or after the later of—
(1) the date that is 45 days after such date of 
enactment; or 
(2) the date that is 45 days after a person is des-
ignated as described in subparagraph (A) or (B) of 
subsection (a)(2). 
SEC. 304. RULE OF CONSTRUCTION. 
Nothing in this subtitle shall be construed to limit the 
authority of the President to designate foreign persons for 
the imposition of sanctions pursuant to the International 
Emergency Economic Powers Act (50 U.S.C. 1701 et seq.). 
Subtitle 
B—Additional 
Measures 
Relating to Iran’s Revolutionary 
Guard Corps 
SEC. 311. EXPANSION OF PROCUREMENT PROHIBITION TO 
FOREIGN PERSONS THAT ENGAGE IN CER-
TAIN TRANSACTIONS WITH IRAN’S REVOLU-
TIONARY GUARD CORPS. 
(a) IN GENERAL.—Section 6(b)(1) of the Iran Sanc-
tions Act of 1996 (Public Law 104–172; 50 U.S.C. 1701 
note) is amended— 
(1) by striking ‘‘Not later than 90 days’’ and in-
serting the following: 
‘‘(A) CERTIFICATIONS RELATING TO ACTIVI-
TIES DESCRIBED IN SECTION 5.—Not later than 
90 days’’; and
(2) by adding at the end the following: 
‘‘(B) CERTIFICATIONS RELATING TO TRANS-
ACTIONS
WITH
IRAN’S
REVOLUTIONARY
GUARD 
CORPS.—Not later than 120 days after the date 
of the enactment of the Iran Threat Reduction 
and Syria Human Rights Act of 2012, the Fed-
eral Acquisition Regulation shall be revised to 
require a certification from each person that is 
a prospective contractor that the person, and any 
person owned or controlled by the person, does 
not knowingly engage in a significant trans-
action or transactions with Iran’s Revolutionary 
Guard Corps or any of its officials, agents, or af-
filiates the property and interests in property of 
which are blocked pursuant to the International 
Emergency Economic Powers Act (50 U.S.C. 
1701 et seq.).’’. 
(b) TECHNICAL AND CONFORMING AMENDMENTS.— 
(1) Section 6(b) of the Iran Sanctions Act of 
1996, as amended by subsection (a), is further amend-
ed— 
(A) in subparagraph (A) of paragraph (1), 
as designated by subsection (a)(1), by striking 
‘‘issued pursuant to section 25 of the Office of
Federal Procurement Policy Act (41 U.S.C. 
421)’’; 
(B) in paragraph (2)— 
(i) in subparagraph (A)— 
(I) by striking ‘‘the revision’’ and 
inserting ‘‘the applicable revision’’; 
and 
(II) by striking ‘‘not more than 3 
years’’ and inserting ‘‘not less than 2 
years’’; and 
(ii) in subparagraph (B), by striking 
‘‘issued pursuant to section 25 of the Office 
of Federal Procurement Policy Act (41 
U.S.C. 421)’’; 
(C) in paragraph (5), by striking ‘‘in the 
national interest’’ and inserting ‘‘essential to the 
national security interests’’; 
(D) by striking paragraph (6) and insert-
ing the following: 
‘‘(6) DEFINITIONS.—In this subsection: 
‘‘(A) EXECUTIVE AGENCY.—The term ‘exec-
utive agency’ has the meaning given that term in 
section 133 of title 41, United States Code. 
‘‘(B) 
FEDERAL
ACQUISITION
REGULA-
TION.—The term ‘Federal Acquisition Regula-
tion’ means the regulation issued pursuant to 
section 1303(a)(1) of title 41, United States 
Code.’’; and 
(E) in paragraph (7)— 
(i) by striking ‘‘The revisions to the 
Federal Acquisition Regulation required 
under paragraph (1)’’ and inserting the fol-
lowing: 
‘‘(A) CERTIFICATIONS RELATING TO ACTIVI-
TIES DESCRIBED IN SECTION 5.—The revisions to 
the Federal Acquisition Regulation required 
under paragraph (1)(A)’’; and 
(ii) by adding at the end the following: 
‘‘(B) CERTIFICATIONS RELATING TO TRANS-
ACTIONS
WITH
IRAN’S
REVOLUTIONARY
GUARD 
CORPS.—The revisions to the Federal Acquisition 
Regulation required under paragraph (1)(B) 
shall apply with respect to contracts for which 
solicitations are issued on or after the date that 
is 120 days after the date of the enactment of the 
Iran Threat Reduction and Syria Human 
Rights Act of 2012.’’. 
(2) Section 101(3) of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 
2010 (22 U.S.C. 8511(3)) is amended by striking
‘‘section 4 of the Office of Federal Procurement Policy 
Act (41 U.S.C. 403)’’ and inserting ‘‘section 133 of 
title 41, United States Code’’. 
SEC. 312. DETERMINATIONS OF WHETHER THE NATIONAL 
IRANIAN OIL COMPANY AND THE NATIONAL 
IRANIAN TANKER COMPANY ARE AGENTS OR 
AFFILIATES 
OF 
IRAN’S 
REVOLUTIONARY 
GUARD CORPS. 
(a) SENSE OF CONGRESS.—It is the sense of Congress 
that the National Iranian Oil Company and the National 
Iranian Tanker Company are not only owned and con-
trolled by the Government of Iran but that those companies 
provide significant support to Iran’s Revolutionary Guard 
Corps and its affiliates. 
(b) DETERMINATIONS.—Section 104(c) of the Com-
prehensive Iran Sanctions, Accountability, and Divestment 
Act of 2010 (22 U.S.C. 8513(c)) is amended by adding at 
the end the following: 
‘‘(4) DETERMINATIONS
REGARDING
NIOC
AND 
NITC.— 
‘‘(A) DETERMINATIONS.—For purposes of 
paragraph (2)(E), the Secretary of the Treasury 
shall, not later than 45 days after the date of the 
enactment of the Iran Threat Reduction and 
Syria Human Rights Act of 2012—
‘‘(i) determine whether the NIOC or 
the NITC is an agent or affiliate of Iran’s 
Revolutionary Guard Corps; and 
‘‘(ii) submit to the appropriate con-
gressional committees a report on the deter-
minations made under clause (i), together 
with the reasons for those determinations. 
‘‘(B) FORM
OF
REPORT.—A report sub-
mitted under subparagraph (A)(ii) shall be sub-
mitted in unclassified form but may contain a 
classified annex. 
‘‘(C) APPLICABILITY WITH RESPECT TO PE-
TROLEUM TRANSACTIONS.— 
‘‘(i) APPLICATION OF SANCTIONS.—Ex-
cept as provided in clause (ii), if the Sec-
retary of the Treasury determines that the 
NIOC or the NITC is a person described in 
clause (i) or (ii) of paragraph (2)(E), the 
regulations prescribed under paragraph (1) 
shall apply with respect to a significant 
transaction or transactions or significant 
financial services knowingly facilitated or 
provided by a foreign financial institution 
for the NIOC or the NITC, as applicable, 
for the purchase of petroleum or petroleum
products from Iran, only if a determination 
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 purchasers of petroleum and petro-
leum products from Iran to reduce signifi-
cantly their purchases from Iran is in effect 
at the time of the transaction or the provi-
sion of the service. 
‘‘(ii) EXCEPTION FOR CERTAIN COUN-
TRIES.—If the Secretary of the Treasury de-
termines that the NIOC or the NITC is a 
person described in clause (i) or (ii) of 
paragraph (2)(E), the regulations pre-
scribed under paragraph (1) shall not apply 
to a significant transaction or transactions 
or significant financial services knowingly 
facilitated or provided by a foreign finan-
cial institution for the NIOC or the NITC, 
as applicable, for the purchase of petroleum 
or petroleum products from Iran if an ex-
ception under paragraph (4)(D) of section
1245(d) of the National Defense Authoriza-
tion Act for Fiscal Year 2012 (22 U.S.C. 
8513a(d)) applies to the country with pri-
mary jurisdiction over the foreign financial 
institution at the time of the transaction or 
the provision of the service. 
‘‘(iii) RULE OF CONSTRUCTION.—The 
exceptions in clauses (i) and (ii) shall not 
be construed to limit the authority of the 
Secretary of the Treasury to impose sanc-
tions pursuant to the regulations prescribed 
under paragraph (1) for an activity de-
scribed in paragraph (2) to the extent the 
activity would meet the criteria described in 
that paragraph in the absence of the in-
volvement of the NIOC or the NITC. 
‘‘(D) DEFINITIONS.—In this paragraph: 
‘‘(i) NIOC.—The term ‘NIOC’ means 
the National Iranian Oil Company. 
‘‘(ii) NITC.—The term ‘NITC’ means 
the National Iranian Tanker Company.’’. 
(c) CONFORMING AMENDMENTS.— 
(1) WAIVER.—Section 104(f) of the Comprehen-
sive Iran Sanctions, Accountability, and Divestment
Act of 2010 (22 U.S.C. 8513(f)) is amended by insert-
ing ‘‘or section 104A’’ after ‘‘subsection (c)’’. 
(2) CLASSIFIED INFORMATION.—Section 104(g) 
of the Comprehensive Iran Sanctions, Accountability, 
and Divestment Act of 2010 (22 U.S.C. 8513(g)) is 
amended by striking ‘‘subsection (c)(1)’’ and inserting 
‘‘paragraph (1) or (4) of subsection (c) or section 
104A’’ both places it appears. 
(d) APPLICABILITY.— 
(1) IN GENERAL.—If an exception to sanctions 
described in clause (i) or (ii) of paragraph (4)(C) of 
section 104(c) of the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010, as added 
by subsection (b), applies to a person that engages in 
a transaction described in paragraph (2) at the time 
of the transaction, the President is authorized not to 
impose sanctions with respect to the transaction 
under— 
(A) section 302(b)(1); 
(B) section 104A of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act 
of 2010, as added by section 216; or 
(C) any other applicable provision of law 
authorizing the imposition of sanctions with re-
spect to Iran.
(2) TRANSACTION
DESCRIBED.—A transaction 
described in this paragraph is a transaction— 
(A) solely for the purchase of petroleum or 
petroleum products from Iran; and 
(B) for which sanctions may be imposed 
solely as a result of the involvement of the Na-
tional Iranian Oil Company or the National 
Iranian Tanker Company in the transaction 
under— 
(i) section 302(b)(1); 
(ii) section 104A of the Comprehensive 
Iran Sanctions, Accountability, and Divest-
ment Act of 2010, as added by section 216; 
or 
(iii) any other applicable provision of 
law authorizing the imposition of sanctions 
with respect to Iran.
TITLE IV—MEASURES RELATING 
TO HUMAN RIGHTS ABUSES 
IN IRAN 
Subtitle A—Expansion of Sanctions 
Relating 
to 
Human 
Rights 
Abuses in Iran 
SEC. 401. IMPOSITION OF SANCTIONS ON CERTAIN PER-
SONS RESPONSIBLE FOR OR COMPLICIT IN 
HUMAN 
RIGHTS 
ABUSES 
COMMITTED 
AGAINST CITIZENS OF IRAN OR THEIR FAM-
ILY MEMBERS AFTER THE JUNE 12, 2009, 
ELECTIONS IN IRAN. 
(a) SENSE OF CONGRESS.—It is the sense of Congress 
that the Supreme Leader of Iran, the President of Iran, sen-
ior members of the Intelligence Ministry of Iran, senior 
members of Iran’s Revolutionary Guard Corps, Ansar-e- 
Hezbollah and Basij-e-Mostaz’afin, and the Ministers of De-
fense, Interior, Justice, and Telecommunications are ulti-
mately responsible for ordering, controlling, or otherwise di-
recting a pattern and practice of serious human rights 
abuses against the Iranian people, and thus the President 
should include such persons on the list of persons who are 
responsible for or complicit in committing serious human 
rights abuses and subject to sanctions pursuant to section
105 of the Comprehensive Iran Sanctions, Accountability, 
and Divestment Act of 2010 (22 U.S.C. 8514). 
(b) REPORT.— 
(1) REPORT
REQUIRED.—Not later than 180 
days after the date of the enactment of this Act, the 
Secretary of State shall submit to the appropriate 
congressional committees a detailed report with re-
spect to whether each person described in subsection 
(a) is 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 oc-
curred in Iran. For any such person who is not in-
cluded in such report, the Secretary of State should 
describe in the report the reasons why the person was 
not included, including information on whether suffi-
cient credible evidence of responsibility for such 
abuses was found. 
(2) FORM.—The report required by paragraph 
(1) shall be submitted in unclassified form but may 
contain a classified annex. 
(3) DEFINITION.—In this subsection, the term 
‘‘appropriate congressional committees’’ means—
(A) the Committee on Foreign Relations 
and the Committee on Banking, Housing, and 
Urban Affairs of the Senate; and 
(B) the Committee on Foreign Affairs and 
the Committee on Financial Services of the 
House of Representatives. 
SEC. 402. IMPOSITION OF SANCTIONS WITH RESPECT TO 
THE 
TRANSFER 
OF 
GOODS 
OR 
TECH-
NOLOGIES TO IRAN THAT ARE LIKELY TO BE 
USED TO COMMIT HUMAN RIGHTS ABUSES. 
(a) IN GENERAL.—The Comprehensive Iran Sanc-
tions, Accountability, and Divestment Act of 2010 (22 
U.S.C. 8501 et seq.) is amended by inserting after section 
105 the following: 
‘‘SEC. 105A. IMPOSITION OF SANCTIONS WITH RESPECT TO 
THE 
TRANSFER 
OF 
GOODS 
OR 
TECH-
NOLOGIES TO IRAN THAT ARE LIKELY TO BE 
USED TO COMMIT HUMAN RIGHTS ABUSES. 
‘‘(a) IN GENERAL.—The President shall impose sanc-
tions in accordance with subsection (c) with respect to each 
person on the list required by subsection (b). 
‘‘(b) LIST.— 
‘‘(1) IN GENERAL.—Not later than 90 days after 
the date of the enactment of the Iran Threat Reduc-
tion and Syria Human Rights Act of 2012, the Presi-
100 
dent shall submit to the appropriate congressional 
committees a list of persons that the President deter-
mines have knowingly engaged in an activity de-
scribed in paragraph (2) on or after such date of en-
actment. 
‘‘(2) ACTIVITY DESCRIBED.— 
‘‘(A) IN GENERAL.—A person engages in an 
activity described in this paragraph if the per-
son— 
‘‘(i) transfers, or facilitates the transfer 
of, goods or technologies described in sub-
paragraph (C) to Iran, any entity orga-
nized under the laws of Iran or otherwise 
subject to the jurisdiction of the Government 
of Iran, or any national of Iran, for use in 
or with respect to Iran; or 
‘‘(ii) provides services (including serv-
ices relating to hardware, software, and spe-
cialized information, and professional con-
sulting, engineering, and support services) 
with respect to goods or technologies de-
scribed in subparagraph (C) after such 
goods or technologies are transferred to 
Iran.
101 
‘‘(B) APPLICABILITY
TO
CONTRACTS
AND 
OTHER AGREEMENTS.—A person engages in an 
activity described in subparagraph (A) without 
regard to whether the activity is carried out pur-
suant to a contract or other agreement entered 
into before, on, or after the date of the enactment 
of the Iran Threat Reduction and Syria Human 
Rights Act of 2012. 
‘‘(C) 
GOODS
OR
TECHNOLOGIES
DE-
SCRIBED.—Goods or technologies described in 
this subparagraph are goods or technologies that 
the President determines are likely to be used by 
the Government of Iran or any of its agencies or 
instrumentalities (or by any other person on be-
half of the Government of Iran or any of such 
agencies or instrumentalities) to commit serious 
human rights abuses against the people of Iran, 
including— 
‘‘(i) firearms or ammunition (as those 
terms are defined in section 921 of title 18, 
United States Code), rubber bullets, police 
batons, pepper or chemical sprays, stun gre-
nades, electroshock weapons, tear gas, water 
cannons, or surveillance technology; or
102 
‘‘(ii) sensitive technology (as defined in 
section 106(c)). 
‘‘(3) SPECIAL RULE TO ALLOW FOR TERMINATION 
OF SANCTIONABLE ACTIVITY.—The President shall not 
be required to include a person on the list required 
by paragraph (1) if the President certifies in writing 
to the appropriate congressional committees that— 
‘‘(A) the person is no longer engaging in, or 
has taken significant verifiable steps toward 
stopping, the activity described in paragraph (2) 
for which the President would otherwise have in-
cluded the person on the list; and 
‘‘(B) the President has received reliable as-
surances that the person will not knowingly en-
gage in any activity described in paragraph (2) 
in the future. 
‘‘(4) UPDATES
OF
LIST.—The President shall 
submit to the appropriate congressional committees 
an updated list under paragraph (1)— 
‘‘(A) each time the President is required to 
submit an updated list to those committees under 
section 105(b)(2)(A); and 
‘‘(B) as new information becomes available. 
‘‘(5) FORM OF REPORT; PUBLIC AVAILABILITY.—
103 
‘‘(A) FORM.—The list required by para-
graph (1) shall be submitted in unclassified form 
but may contain a classified annex. 
‘‘(B) PUBLIC AVAILABILITY.—The unclassi-
fied 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 Treas-
ury and the Department of State. 
‘‘(c) APPLICATION OF SANCTIONS.— 
‘‘(1) IN GENERAL.—Subject to paragraph (2), the 
President shall impose sanctions described in section 
105(c) with respect to a person on the list required 
by subsection (b). 
‘‘(2) TRANSFERS
TO
IRAN’S
REVOLUTIONARY 
GUARD CORPS.—In the case of a person on the list re-
quired by subsection (b) for transferring, or facili-
tating the transfer of, goods or technologies described 
in subsection (b)(2)(C) to Iran’s Revolutionary Guard 
Corps, or providing services with respect to such 
goods or technologies after such goods or technologies 
are transferred to Iran’s Revolutionary Guard Corps, 
the President shall— 
‘‘(A) impose sanctions described in section 
105(c) with respect to the person; and
104 
‘‘(B) impose such other sanctions from 
among the sanctions described in section 6(a) of 
the Iran Sanctions Act of 1996 (Public Law 
104–172; 50 U.S.C. 1701 note) as the President 
determines appropriate.’’. 
(b) CLERICAL AMENDMENT.—The table of contents for 
the Comprehensive Iran Sanctions, Accountability, and Di-
vestment Act of 2010 is amended by inserting after the item 
relating to section 105 the following: 
‘‘Sec. 105A. Imposition of sanctions with respect to the transfer of goods or tech-
nologies to Iran that are likely to be used to commit human 
rights abuses.’’. 
SEC. 403. IMPOSITION OF SANCTIONS WITH RESPECT TO 
PERSONS WHO ENGAGE IN CENSORSHIP OR 
OTHER RELATED ACTIVITIES AGAINST CITI-
ZENS OF IRAN. 
(a) SENSE OF CONGRESS.—It is the sense of Congress 
that— 
(1) satellite service providers and other entities 
that have direct contractual arrangements to provide 
satellite services to the Government of Iran or entities 
owned or controlled by that Government should cease 
providing broadcast services to that Government and 
those entities unless that Government ceases activities 
intended to jam or restrict satellite signals; and 
(2) the United States should address the illegal 
jamming of satellite signals by the Government of
105 
Iran through the voice and vote of the United States 
in the United Nations International Telecommuni-
cations Union. 
(b) IMPOSITION OF SANCTIONS.—The Comprehensive 
Iran Sanctions, Accountability, and Divestment Act of 
2010 (22 U.S.C. 8501 et seq.), as amended by section 402, 
is further amended by inserting after section 105A the fol-
lowing: 
‘‘SEC. 105B. IMPOSITION OF SANCTIONS WITH RESPECT TO 
PERSONS WHO ENGAGE IN CENSORSHIP OR 
OTHER RELATED ACTIVITIES AGAINST CITI-
ZENS OF IRAN. 
‘‘(a) IN GENERAL.—The President shall impose sanc-
tions described in section 105(c) with respect to each person 
on the list required by subsection (b). 
‘‘(b) LIST OF PERSONS WHO ENGAGE IN CENSOR-
SHIP.— 
‘‘(1) IN GENERAL.—Not later than 90 days after 
the date of the enactment of the Iran Threat Reduc-
tion and Syria Human Rights Act of 2012, the Presi-
dent shall submit to the appropriate congressional 
committees a list of persons that the President deter-
mines have, on or after June 12, 2009, engaged in 
censorship or other activities with respect to Iran 
that—
106 
‘‘(A) prohibit, limit, or penalize the exercise 
of freedom of expression or assembly by citizens 
of Iran; or 
‘‘(B) limit access to print or broadcast 
media, including the facilitation or support of 
intentional frequency manipulation by the Gov-
ernment of Iran or an entity owned or controlled 
by that Government that would jam or restrict 
an international signal. 
‘‘(2) UPDATES
OF
LIST.—The President shall 
submit to the appropriate congressional committees 
an updated list under paragraph (1)— 
‘‘(A) each time the President is required to 
submit an updated list to those committees under 
section 105(b)(2)(A); and 
‘‘(B) as new information becomes available. 
‘‘(3) FORM OF REPORT; PUBLIC AVAILABILITY.— 
‘‘(A) FORM.—The list required by para-
graph (1) shall be submitted in unclassified form 
but may contain a classified annex. 
‘‘(B) PUBLIC AVAILABILITY.—The unclassi-
fied 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 Treas-
ury and the Department of State.’’.