(B) Iran must stop enrichment and never 
pursue plutonium reprocessing, including clos-
ing its heavy water reactor. 
(C) Iran must also provide the Inter-
national Atomic Energy Agency with unquali-
fied access to all sites throughout the entire 
country. 
(D) Iran must end its proliferation of bal-
listic missiles and halt further launching or de-
velopment of nuclear-capable missile systems. 
(E) Iran must release all United States 
citizens as well as citizens of United States 
partners and allies, each of them detained on 
spurious charges. 
(F) Iran must end its support for ter-
rorism, including Hezbollah, Hamas and Pales-
tinian Islamic Jihad. 
(G) Iran must respect the sovereignty of 
the Iraqi Government and permit the dis-
arming, demobilization and reintegration of Ira-
nian backed militias. 
(H) Iran must end its military support for 
the Houthi terrorists and work towards a 
peaceful, political settlement in Yemen. 
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(I) Iran must withdraw all forces under 
Iranian command throughout the entirety of 
Syria. 
(J) Iran must end support for the Taliban 
and other terrorists in Afghanistan and the re-
gion and cease harboring senior al-Qaeda lead-
ers. 
(K) Iran must end the Islamic Revolu-
tionary Guard Corps’ support for terrorists 
around the world. 
(L) Iran must end its threatening behavior 
against its neighbors including its threats to de-
stroy Israel and its firing of missiles at Saudi 
Arabia and the United Arab Emirates, and 
threats to international shipping and destruc-
tive cyberattacks. 
SEC. 5. SEVERABILITY. 
If any provision of this Act, or an amendment made 
by this Act, or the application of such provision or amend-
ment to any person or circumstance, is held to be invalid, 
the remainder of this Act, the amendments made by this 
Act, and the application of such provision and amend-
ments to other persons or circumstances, shall not be af-
fected. 
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TITLE 
I—MATTERS 
RELATING 
TO SANCTIONS AND SANC-
TION AUTHORITIES 
SEC. 101. CODIFICATION OF EXECUTIVE ORDERS AND CON-
TINUATION OF CERTAIN EXISTING SANC-
TIONS. 
(a) 
CODIFICATION.—Executive 
Orders 
13606, 
13628, 13846, 13871, 13876, 13902, and 13949, as in 
effect on January 20, 2021, shall remain in effect and 
continue to apply until the date on which the President 
submits a certification to Congress pursuant to section 8 
of the Iran Sanctions Act of 1996 (50 U.S.C. 1701 note) 
as amended by this Act. 
(b) PROHIBITION ON REMOVAL OF PERSONS FROM 
SDN LIST.—The President may not remove the following 
individuals or entities from the Specially Designated Na-
tionals and Blocked Persons list maintained by the Office 
of Foreign Asset Control of the Department of the Treas-
ury, if such persons were placed on such list during the 
period beginning on May 8, 2019, and ending January 20, 
2021, unless the President submits a certification to Con-
gress pursuant to section 8 of the Iran Sanctions Act of 
1996 (50 U.S.C. 1701 note) as amended by this Act: 
(1) Any Iranian individual or entity. 
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(2) Any individual or entity included in such 
list as a result of activities connected to Iran. 
(3) 
Asa’iab 
ahl 
al-Haq, 
Zainabiyoun, 
Fatemiyoun, and Harakat Hezbollah al-Nujaba. 
(c) REIMPOSITION OF SANCTIONS.—Any sanctions 
imposed during the period beginning on May 8, 2019, and 
ending January 20, 2021, with respect to any person de-
scribed in subsection (b)(1) or (b)(2), and subsequently 
lifted before the date of the enactment of this Act, shall 
be reimposed with respect to such persons beginning on 
the date of the enactment of this Act and shall remain 
in effect until the date on which the President submits 
a certification to Congress pursuant to section 8 of the 
Iran Sanctions Act of 1996 (50 U.S.C. 1701 note) as 
amended by this Act. 
SEC. 102. SANCTIONS WITH RESPECT TO THE SUPREME 
LEADER OF IRAN. 
(a) IN GENERAL.—Not later than 30 days after the 
date of the enactment of this Act, the President shall im-
pose the sanctions described in subsection (b) with respect 
to the following individuals: 
(1) The Supreme Leader of the Islamic Repub-
lic of Iran. 
(2) Each member of the Iranian Supreme 
Leader’s Office. 
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(3) Any person appointed by the Supreme 
Leader of Iran or the Supreme Leader’s Office to a 
position as— 
(A) a state official of Iran; 
(B) as the head of an entity located in 
Iran; or 
(C) as the head of an entity located outside 
of Iran that is owned or controlled by one or 
more entities in Iran. 
(4) Any person appointed to a position de-
scribed in subparagraphs (A) through (C) of para-
graph (3) by a person described in paragraph (3). 
(5) Any person the President determines has 
materially assisted, sponsored, or provided financial, 
material, or technological support for, or goods or 
services to or in support of any person whose prop-
erty and interests in property are blocked pursuant 
to this section. 
(6) Any person the President determines is 
owned or controlled by, or to have acted or pur-
ported to act for or on behalf of, directly or indi-
rectly, any person whose property and interests in 
property are blocked pursuant to this section. 
(7) Any person the President determines con-
ducts a significant transaction or transactions with, 
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or provides material support to or for anyone de-
scribed in paragraphs (1) through (6). 
(8) Any person who is a member of the board 
of directors or a senior executive officer of any per-
son whose property and interests in property are 
blocked pursuant to this section. 
(b) SANCTIONS DESCRIBED.— 
(1) IN GENERAL.—The sanctions described in 
this subsection are the following: 
(A) BLOCKING OF PROPERTY.—The Presi-
dent shall exercise all of the powers granted to 
the President under the International Emer-
gency Economic Powers Act (50 U.S.C. 1701 et 
seq.) to block and prohibit all transactions in 
property and interests in property of the foreign 
person if such property and interests in prop-
erty 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) ALIENS INELIGIBLE FOR VISAS, AD-
MISSION, OR PAROLE.— 
(i) VISAS, ADMISSION, OR PAROLE.— 
An alien who the Secretary of State or the 
Secretary of Homeland Security (or a des-
ignee of one of such Secretaries) knows, or 
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has reason to believe, has knowingly en-
gaged in any activity described in sub-
section (a)(2) is— 
(I) inadmissible to the United 
States; 
(II) ineligible to receive a visa or 
other documentation to enter the 
United States; and 
(III) otherwise ineligible to be 
admitted or paroled into the United 
States or to receive any other benefit 
under the Immigration and Nation-
ality Act (8 U.S.C. 1101 et seq.). 
(ii) CURRENT VISAS REVOKED.— 
(I) IN
GENERAL.—The issuing 
consular officer, the Secretary of 
State, or the Secretary of Homeland 
Security (or a designee of one of such 
Secretaries) shall, in accordance with 
section 221(i) of the Immigration and 
Nationality Act (8 U.S.C. 1201(i)), 
revoke any visa or other entry docu-
mentation issued to an alien described 
in clause (i) regardless of when the 
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visa or other entry documentation is 
issued. 
(II) EFFECT OF REVOCATION.— 
A revocation under subclause (I) shall 
take effect immediately and shall 
automatically cancel any other valid 
visa or entry documentation that is in 
the alien’s possession. 
(2) EXCEPTIONS.— 
(A) UN HEADQUARTERS
AGREEMENT.— 
The sanctions described under paragraph 
(1)(B) shall not apply with respect to an alien 
if admitting or paroling the alien into the 
United States is necessary to permit the United 
States to comply with the Agreement regarding 
the Headquarters of the United Nations, signed 
at Lake Success June 26, 1947, and entered 
into force November 21, 1947, between the 
United Nations and the United States, or other 
applicable international obligations. 
(B) PRIOR
TRANSFER
DIRECTIVE.—The 
sanctions described under paragraph (1)(A) 
shall not apply with respect to property and in-
terests in property of the Government of Iran 
that were blocked pursuant to Executive Order 
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12170 of November 14, 1979 (Blocking Iranian 
Government Property), and thereafter made 
subject to the transfer directives set forth in 
Executive Order 12281 of January 19, 1981 
(Direction to Transfer Certain Iranian Govern-
ment Assets), and any implementing regula-
tions with respect to such Executive Order 
12281. 
(C) 
HUMANITARIAN
EXCEPTION.—The 
sanctions described under paragraph (1)(B) 
and (1)(A) shall not apply with respect to any 
person for conducting or facilitating a trans-
action for the provision (including any sale) of 
agricultural commodities, food, medicine, or 
medical devices to Iran. 
(c) PENALTIES.—The penalties provided for in sub-
sections (b) and (c) of section 206 of the International 
Emergency Economic Powers Act (50 U.S.C. 1705) shall 
apply to a person that violates, attempts to violate, con-
spires to violate, or causes a violation of regulations pro-
mulgated to carry out this section or the sanctions im-
posed pursuant to this section to the same extent that 
such penalties apply to a person that commits an unlawful 
act described in section 206(a) of that Act. 
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(d) TERMINATION.—Sanctions imposed in accord-
ance with this section may be terminated or may be waived 
with respect to a foreign person if the President submits 
the certification required in section 8 of the Iran Sanctions 
Act of 1996 (50 U.S.C. 1701 note) as amended by this 
Act. 
SEC. 103. SANCTIONS WITH RESPECT TO LISTED PERSONS 
INVOLVED IN INTERNATIONAL ARMS SALES 
TO IRAN. 
(a) IMPOSITION OF SANCTIONS.— 
(1) IN GENERAL.—Not later than 60 days after 
the date of the enactment of this Act, and every 180 
days thereafter, the President shall impose the sanc-
tions described in subsection (b) with respect to each 
foreign person the President determines, on or after 
such date of enactment, engages in an activity de-
scribed in paragraph (2). 
(2) ACTIVITY
DESCRIBED.—An activity de-
scribed in this paragraph is any of the following: 
(A) Any activity that materially contrib-
utes to the supply, sale, or transfer, directly or 
indirectly, to or from Iran, or for the use in or 
benefit of Iran, of arms or related materiel, in-
cluding spare parts. 
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(B) The provision to the Government of 
Iran any technical training, financial resources 
or services, advice, other services, or assistance 
related to the supply, sale, transfer, manufac-
ture, maintenance, or use of arms and related 
materiel described in subparagraph (A). 
(C) Any activity that materially contributes 
to, or poses a risk of materially contributing to, 
the proliferation of arms or related materiel or 
items intended for military end-uses or military 
end-users, including any efforts to manufacture, 
acquire, possess, develop, transport, transfer, or 
use such items, by the Government of Iran (in-
cluding persons owned or controlled by, or act-
ing for or on behalf of the Government of Iran) 
or paramilitary organizations financially or mili-
tarily supported by the Government of Iran. 
(D) Materially assisting, sponsoring, or 
providing financial, material, or technological 
support for, or goods or services to or in sup-
port of, any person whose property and inter-
ests in property are blocked pursuant to this 
Act. 
(E) Making any contribution or provision 
of funds, goods, or services by, to, or for the 
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benefit of any person whose property and inter-
ests in property are blocked pursuant to this 
Act. 
(F) Receiving any contribution or provision 
of funds, goods, or services from any such per-
son whose property and interests in property 
are blocked pursuant to this Act. 
(G) Being owned or controlled by, or act-
ing or purporting to act for or on behalf of, di-
rectly or indirectly, any person whose property 
and interests in property are blocked pursuant 
to this Act. 
(b) SANCTIONS DESCRIBED.— 
(1) IN GENERAL.—The sanctions described in 
this subsection are the following: 
(A) BLOCKING OF PROPERTY.—The Presi-
dent shall exercise all of the powers granted to 
the President under the International Emer-
gency Economic Powers Act (50 U.S.C. 1701 et 
seq.) to the extent necessary to block and pro-
hibit all transactions in property and interests 
in property of the foreign person if such prop-
erty and interests in property are in the United 
States, come within the United States, or are or 
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come within the possession or control of a 
United States person. 
(B) ALIENS INELIGIBLE FOR VISAS, AD-
MISSION, OR PAROLE.— 
(i) VISAS, ADMISSION, OR PAROLE.— 
An alien who the Secretary of State or the 
Secretary of Homeland Security (or a des-
ignee of one of such Secretaries) knows, or 
has reason to believe, has knowingly en-
gaged in any activity described in sub-
section (a)(2) is— 
(I) inadmissible to the United 
States; 
(II) ineligible to receive a visa or 
other documentation to enter the 
United States; and 
(III) otherwise ineligible to be 
admitted or paroled into the United 
States or to receive any other benefit 
under the Immigration and Nation-
ality Act (8 U.S.C. 1101 et seq.). 
(ii) CURRENT VISAS REVOKED.— 
(I) IN
GENERAL.—The issuing 
consular officer, the Secretary of 
State, or the Secretary of Homeland 
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Security (or a designee of one of such 
Secretaries) shall, in accordance with 
section 221(i) of the Immigration and 
Nationality Act (8 U.S.C. 1201(i)), 
revoke any visa or other entry docu-
mentation issued to an alien described 
in clause (i) regardless of when the 
visa or other entry documentation is 
issued. 
(II) EFFECT OF REVOCATION.— 
A revocation under subclause (I) shall 
take effect immediately and shall 
automatically cancel any other valid 
visa or entry documentation that is in 
the alien’s possession. 
(2) EXCEPTIONS.— 
(A) UN HEADQUARTERS
AGREEMENT.— 
The sanctions described under paragraph 
(1)(B) shall not apply with respect to an alien 
if admitting or paroling the alien into the 
United States is necessary to permit the United 
States to comply with the Agreement regarding 
the Headquarters of the United Nations, signed 
at Lake Success June 26, 1947, and entered 
into force November 21, 1947, between the 
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United Nations and the United States, or other 
applicable international obligations. 
(B) PRIOR
TRANSFER
DIRECTIVE.—The 
sanctions described under paragraph (1)(A) 
shall not apply with respect to property and in-
terests in property of the Government of Iran 
that were blocked pursuant to Executive Order 
12170 of November 14, 1979 (Blocking Iranian 
Government Property), and thereafter made 
subject to the transfer directives set forth in 
Executive Order 12281 of January 19, 1981 
(Direction to Transfer Certain Iranian Govern-
ment Assets), and any implementing regula-
tions with respect to such Executive Order 
12281. 
(C) 
HUMANITARIAN
EXCEPTION.—The 
sanctions described under paragraph (1)(B) 
and (1)(A) shall not apply with respect to any 
person for conducting or facilitating a trans-
action for the provision (including any sale) of 
agricultural commodities, food, medicine, or 
medical devices to Iran. 
(c) PENALTIES.—The penalties provided for in sub-
sections (b) and (c) of section 206 of the International 
Emergency Economic Powers Act (50 U.S.C. 1705) shall 
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apply to a person that violates, attempts to violate, con-
spires to violate, or causes a violation of regulations pro-
mulgated to carry out this section or the sanctions im-
posed pursuant to this section to the same extent that 
such penalties apply to a person that commits an unlawful 
act described in section 206(a) of that Act. 
(d) TERMINATION.— 
(1) IN
GENERAL.—Sanctions may be termi-
nated or may be waived with respect to a foreign 
person described in subsection (a)(1)(A) if the Presi-
dent certifies to the appropriate congressional com-
mittees that the person is no longer engaged in ac-
tivities described in paragraph (2) of such sub-
section. 
(2) APPROPRIATE
CONGRESSIONAL
COMMIT-
TEES.—In this subsection, the term ‘‘appropriate 
congressional committees’’ means— 
(A) the Committee on Foreign Affairs and 
the Committee on Financial Services of the 
House of Representatives; and 
(B) the Committee on Foreign Relations 
and the Committee on Banking, Housing, and 
Urban Affairs of the Senate. 
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SEC. 104. ADDITIONAL CONDITIONS FOR TERMINATION 
AND ELIMINATION OF SUNSET OF SANCTIONS 
UNDER THE IRAN SANCTIONS ACT OF 1996. 
(a) TERMINATION CONDITIONS.—Section 8 of the 
Iran Sanctions Act of 1996 (50 U.S.C. 1701 note) is 
amended— 
(1) by striking ‘‘The requirement’’ and insert-
ing ‘‘(a) IN GENERAL.—The requirement’’; and 
(2) by adding at the end the following: 
‘‘(b) ADDITIONAL CONDITIONS FOR TERMINATION.— 
In addition to the requirement under subsection (a), sanc-
tions imposed under section 5(a) shall remain in effect un-
less the President determines and certifies to the appro-
priate congressional committees that Iran has complied 
with each of the following: 
‘‘(1) Declared to the International Atomic En-
ergy Agency a full account of the prior military di-
mensions of its nuclear program and permanently 
and verifiably abandons such work in perpetuity. 
‘‘(2) Stopped enrichment of and never returns 
to plutonium reprocessing, including by closing its 
heavy water reactor. 
‘‘(3) Provided the International Atomic Energy 
Agency with unqualified access to all sites through-
out the entire country. 
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‘‘(4) Ended its proliferation of ballistic missiles 
and halts further launching or development of nu-
clear-capable missile systems. 
‘‘(5) Released all United States citizens, as well 
as citizens of United States partners and allies, that 
are unjustly detained and held captive in Iran. 
‘‘(6) Respected the sovereignty of the Govern-
ment of Iraq through no longer preventing, hin-
dering, or disrupting any efforts by that Government 
with regard to the disarming, demobilization and re-
integration of Iranian-backed militias in Iraq. 
‘‘(7) Ended its military support for the Houthi 
militia (Ansarallah) and worked towards a peaceful, 
political settlement in Yemen. 
‘‘(8) Withdrawn all forces under Iran’s com-
mand throughout the entirety of Syria. 
‘‘(9) Ended support for the Taliban and other 
terrorists in Afghanistan and the region and ceased 
to harbor senior al-Qaeda leaders. 
‘‘(10) Ended the Islamic Revolutionary Guard 
Corps’ Quds Force’s support for terrorists around 
the world. 
‘‘(11) Ended its threatening behavior against 
its neighbors, including its threats to destroy Israel 
and its firing of missiles at Saudi Arabia and the 
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United Arab Emirates, threats to international ship-
ping, and destructive cyberattacks. 
‘‘(12) Ceased violently attacking and killing 
peaceful protesters in Iran, and provided a full ac-
counting for the 1500 peaceful protesters reported 
to be killed in November 2019 when fired upon by 
Iranian security forces.’’. 
(b) ELIMINATION OF SUNSET.—Section 13 of the 
Iran Sanctions Act of 1996 (50 U.S.C. 1701 note) is re-
pealed. 
SEC. 105. SECTORAL SANCTIONS ON IRAN UNDER THE IRAN 
FREEDOM 
AND 
COUNTER-PROLIFERATION 
ACT OF 2012. 
(a) AMENDMENTS WITH RESPECT TO COVERED SEC-
TORS.— 
(1) Subsection (b) of section 1244 of the Na-
tional Defense Authorization Act for Fiscal Year 
2013 (22 U.S.C. 8803) is amended by inserting 
‘‘iron, steel, aluminum, copper, construction, manu-
facturing, mining, textile, petrochemical, automotive, 
financial’’ after ‘‘energy,’’ each place it appears. 
(2) Subsection (c) of such section 1244 is 
amended by inserting ‘‘iron, steel, aluminum, copper, 
construction, manufacturing, mining, textile, petro-
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chemical, automotive, financial’’ after ‘‘energy,’’ 
each place it appears. 
(b) AMENDMENT WITH RESPECT TO WAIVER AU-
THORITY.—Subsection (i) of such section 1244 is amend-
ed by adding at the end the following: 
‘‘(3) TERMINATION.—The authority to issue a 
waiver under this section shall terminate on the date 
that is 2 years after the date of the enactment of 
this paragraph.’’. 
(c) TERMINATION OF CERTAIN WAIVERS OF SANC-
TIONS WITH RESPECT TO NUCLEAR ACTIVITIES IN OR 
WITH IRAN.— 
(1) TERMINATION.—As of the date of the en-
actment of this Act, any waiver of the application of 
sanctions provided for under any of sections 1244 
through 1247 of the National Defense Authorization 
Act for Fiscal Year 2013 (22 U.S.C. 8803 through 
8806), or provided to enable an activity described in 
subsection (b), is terminated. The President may not 
issue a new such waiver for such an activity on or 
after such date of enactment unless the President 
makes the certification to Congress pursuant to sec-
tion 8 of the Iran Sanctions Act of 1996 (50 U.S.C. 
1701 note) as amended by this Act. 
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(2) ACTIVITIES
DESCRIBED.—An activity de-
scribed in this subsection is a nuclear activity in or 
with Iran with respect to which a waiver described 
in subsection (a) was issued in connection with the 
Joint Comprehensive Plan of Action, including the 
following: 
(A) The Arak reactor redesign. 
(B) The transfer into Iran of enriched ura-
nium for the Tehran Research Reactor. 
(C) The modification of 2 centrifuge cas-
cades at the Fordow facility for nonsensitive 
purposes. 
(3) JOINT COMPREHENSIVE PLAN OF ACTION 
DEFINED.—In this section, the term ‘‘Joint Com-
prehensive Plan of Action’’ means the Joint Com-
prehensive Plan of Action signed at Vienna on July 
14, 2015, by Iran and by France, Germany, the 
Russian Federation, the People’s Republic of China, 
the United Kingdom, and the United States, and all 
implementing materials and agreements related to 
the Joint Comprehensive Plan of Action. 
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SEC. 106. AMENDMENTS TO THE COMPREHENSIVE IRAN 
SANCTIONS, ACCOUNTABILITY, AND DIVEST-
MENT ACT OF 2010. 
(a) AMENDMENTS
TO
CRITERIA
FOR
TERMI-
NATION.—Section 401 of the Comprehensive Iran Sanc-
tions, Accountability, and Divestment Act of 2010 is 
amended by adding at the end the following: 
‘‘(d) ADDITIONAL MATTERS TO BE CERTIFIED.— 
The certification described in subsection (a) shall also in-
clude a certification that Iran has complied with each of 
the following: 
‘‘(1) Declared to the International Atomic En-
ergy Agency a full account of the prior military di-
mensions of its nuclear program and permanently 
and verifiably abandons such work in perpetuity. 
‘‘(2) Stopped enrichment of and never returns 
to plutonium reprocessing, including by closing its 
heavy water reactor. 
‘‘(3) Provided the International Atomic Energy 
Agency with unqualified access to all sites through-
out the entire country. 
‘‘(4) Ended its proliferation of ballistic missiles 
and halts further launching or development of nu-
clear-capable missile systems. 
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‘‘(5) Released all United States citizens, as well 
as citizens of United States partners and allies, that 
are unjustly detained and held captive in Iran. 
‘‘(6) Respected the sovereignty of the Govern-
ment of Iraq through no longer preventing, hin-
dering, or disrupting any efforts by that Government 
with regard to the disarming, demobilization and re-
integration of Iranian-backed militias in Iraq. 
‘‘(7) Ended its military support for the Houthi 
militia (Ansarallah) and worked towards a peaceful, 
political settlement in Yemen. 
‘‘(8) Withdrawn all forces under Iran’s com-
mand throughout the entirety of Syria. 
‘‘(9) Ended support for the Taliban and other 
terrorists in Afghanistan and the region and ceased 
to harbor senior al-Qaeda leaders. 
‘‘(10) Ended the Islamic Revolutionary Guard 
Corps’ Quds Force’s support for terrorists around 
the world. 
‘‘(11) Ended its threatening behavior against 
its neighbors, including its threats to destroy Israel 
and its firing of missiles at Saudi Arabia and the 
United Arab Emirates, threats to international ship-
ping, and destructive cyberattacks. 
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‘‘(12) Ceased violently attacking and killing 
peaceful protesters in Iran, and provided a full ac-
counting for the 1500 peaceful protesters reported 
to be killed in November 2019 when fired upon by 
Iranian security forces. 
‘‘(e) TERMINATION OF WAIVER AUTHORITY.—The 
authority to issue a waiver under this section shall termi-
nate on the date that is 2 years after the date of the enact-
ment of this subsection.’’. 
(b) LISTING
OF IRANIAN PERSONS
FOR HUMAN 
RIGHTS ABUSES COMMITTED IN OTHER COUNTRIES.— 
Section 105(b)(1) of the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010 (22 U.S.C. 
8514) is amended by inserting ‘‘, or against the people 
of Iraq, Syria, Lebanon, Yemen, or Venezuela’’ before the 
period at the end. 
SEC. 107. CONGRESSIONAL REVIEW OF CERTAIN ACTIONS 
RELATING TO SANCTIONS IMPOSED WITH RE-
SPECT TO IRAN. 
(a) SUBMISSION TO CONGRESS OF PROPOSED AC-
TION.— 
(1) IN GENERAL.—Notwithstanding any other 
provision of law, before taking any action described 
in paragraph (2), the President shall submit to the 
appropriate congressional committees and leadership 
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a report that describes the proposed action and the 
reasons for that action. 
(2) ACTIONS DESCRIBED.— 
(A) IN GENERAL.—An action described in 
this paragraph is— 
(i) an action to terminate the applica-
tion of any sanctions described in subpara-
graph (B); 
(ii) with respect to sanctions described 
in subparagraph (B) imposed by the Presi-
dent with respect to a person, an action to 
waive the application of those sanctions 
with respect to that person; or 
(iii) a licensing action that signifi-
cantly alters United States foreign policy 
with respect to Iran. 
(B) SANCTIONS
DESCRIBED.—The sanc-
tions described in this subparagraph are sanc-
tions with respect to Iran provided for under— 
(i) the Iran Sanctions Act of 1996 
(Public Law 104–172; 50 U.S.C. 1701 
note); 
(ii) the Comprehensive Iran Sanc-
tions, Accountability, and Divestment Act 
of 2010 (22 U.S.C. 8501 et seq.); 
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(iii) section 1245 of the National De-
fense Authorization Act for Fiscal Year 
2012 (22 U.S.C. 8513a); 
(iv) the Iran Threat Reduction and 
Syria Human Rights Act of 2012 (22 
U.S.C. 8701 et seq.); 
(v) the Iran Freedom and Counter- 
Proliferation Act of 2012 (22 U.S.C. 8801 
et seq.); 
(vi) the International Emergency Eco-
nomic Powers Act (50 U.S.C. 1701 note); 
or 
(vii) any other statute or Executive 
order that requires or authorizes the impo-
sition of sanctions with respect to Iran. 
(3) DESCRIPTION OF TYPE OF ACTION.—Each 
report submitted under paragraph (1) with respect 
to an action described in paragraph (2) shall include 
a description of whether the action— 
(A) is not intended to significantly alter 
United States foreign policy with respect to 
Iran; or 
(B) is intended to significantly alter 
United States foreign policy with respect to 
Iran. 
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(4) INCLUSION OF ADDITIONAL MATTER.— 
(A) IN GENERAL.—Each report submitted 
under paragraph (1) that relates to an action 
that is intended to significantly alter United 
States foreign policy with respect to Iran shall 
include a description of— 
(i) the significant alteration to United 
States foreign policy with respect to Iran; 
(ii) the anticipated effect of the action 
on the national security interests of the 
United States; and 
(iii) the policy objectives for which the 
sanctions affected by the action were ini-
tially imposed. 
(B) REQUESTS
FROM
BANKING
AND
FI-
NANCIAL
SERVICES
COMMITTEES.—The Com-
mittee on Banking, Housing, and Urban Affairs 
of the Senate or the Committee on Financial 
Services of the House of Representatives may 
request the submission to the Committee of the 
matter described in clauses (ii) and (iii) of sub-
paragraph (A) with respect to a report sub-
mitted under paragraph (1) that relates to an 
action that is not intended to significantly alter 
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United States foreign policy with respect to 
Iran. 
(5) CONFIDENTIALITY OF PROPRIETARY INFOR-
MATION.—Proprietary information that can be asso-
ciated with a particular person with respect to an 
action described in paragraph (2) may be included 
in a report submitted under paragraph (1) only if 
the appropriate congressional committees and lead-
ership provide assurances of confidentiality, unless 
that person otherwise consents in writing to such 
disclosure. 
(6) 
RULE
OF
CONSTRUCTION.—Paragraph 
(2)(A)(iii) shall not be construed to require the sub-
mission of a report under paragraph (1) with respect 
to the routine issuance of a license that does not sig-
nificantly alter United States foreign policy with re-
spect to Iran. 
(b) PERIOD FOR REVIEW BY CONGRESS.— 
(1) IN GENERAL.—During the period of 30 cal-
endar days beginning on the date on which the 
President 
submits 
a 
report 
under 
subsection 
(a)(1)— 
(A) in the case of a report that relates to 
an action that is not intended to significantly 
alter United States foreign policy with respect 
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to Iran, the Committee on Banking, Housing, 
and Urban Affairs of the Senate and the Com-
mittee on Financial Services of the House of 
Representatives should, as appropriate, hold 
hearings and briefings and otherwise obtain in-
formation in order to fully review the report; 
and 
(B) in the case of a report that relates to 
an action that is intended to significantly alter 
United States foreign policy with respect to 
Iran, the Committee on Foreign Relations of 
the Senate and the Committee on Foreign Af-
fairs of the House of Representatives should, as 
appropriate, hold hearings and briefings and 
otherwise obtain information in order to fully 
review the report. 
(2) EXCEPTION.—The period for congressional 
review under paragraph (1) of a report required to 
be submitted under subsection (a)(1) shall be 60 cal-
endar days if the report is submitted on or after 
July 10 and on or before September 7 in any cal-
endar year. 
(3) LIMITATION ON ACTIONS DURING INITIAL 
CONGRESSIONAL REVIEW PERIOD.—Notwithstanding 
any other provision of law, during the period for 
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congressional review provided for under paragraph 
(1) of a report submitted under subsection (a)(1) 
proposing an action described in subsection (a)(2), 
including any additional period for such review as 
applicable under the exception provided in paragraph 
(2), the President may not take that action unless 
a joint resolution of approval with respect to that ac-
tion is enacted in accordance with subsection (c). 
(4) LIMITATION
ON
ACTIONS
DURING
PRESI-
DENTIAL CONSIDERATION OF A JOINT RESOLUTION 
OF DISAPPROVAL.—Notwithstanding any other pro-
vision of law, if a joint resolution of disapproval re-
lating to a report submitted under subsection (a)(1) 
proposing an action described in subsection (a)(2) 
passes both Houses of Congress in accordance with 
subsection (c), the President may not take that ac-
tion for a period of 12 calendar days after the date 
of passage of the joint resolution of disapproval. 
(5) LIMITATION ON ACTIONS DURING CONGRES-
SIONAL RECONSIDERATION OF A JOINT RESOLUTION 
OF DISAPPROVAL.—Notwithstanding any other pro-
vision of law, if a joint resolution of disapproval re-
lating to a report submitted under subsection (a)(1) 
proposing an action described in subsection (a)(2) 
passes both Houses of Congress in accordance with 
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ral of the joint resolution, that committee shall 
be discharged from further consideration of the 
joint resolution and the joint resolution shall be 
placed on the appropriate calendar. 
(C) PROCEEDING
TO
CONSIDERATION.— 
Notwithstanding Rule XXII of the Standing 
Rules of the Senate, it is in order at any time 
after the Committee on Banking, Housing, and 
Urban Affairs or the Committee on Foreign Re-
lations, as the case may be, reports a joint reso-
lution of approval or joint resolution of dis-
approval to the Senate or has been discharged 
from consideration of such a joint resolution 
(even though a previous motion to the same ef-
fect has been disagreed to) to move to proceed 
to the consideration of the joint resolution, and 
all points of order against the joint resolution 
(and against consideration of the joint resolu-
tion) are waived. The motion to proceed is not 
debatable. The motion is not subject to a mo-
tion to postpone. A motion to reconsider the 
vote by which the motion is agreed to or dis-
agreed to shall not be in order. 
(D) RULINGS OF THE CHAIR ON PROCE-
DURE.—Appeals from the decisions of the Chair 
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relating to the application of the rules of the 
Senate, as the case may be, to the procedure re-
lating to a joint resolution of approval or joint 
resolution of disapproval shall be decided with-
out debate. 
(E) 
CONSIDERATION
OF
VETO
MES-
SAGES.—Debate in the Senate of any veto mes-
sage with respect to a joint resolution of ap-
proval or joint resolution of disapproval, includ-
ing all debatable motions and appeals in con-
nection with the joint resolution, shall be lim-
ited to 10 hours, to be equally divided between, 
and controlled by, the majority leader and the 
minority leader or their designees. 
(5) RULES RELATING TO SENATE AND HOUSE 
OF REPRESENTATIVES.— 
(A) TREATMENT OF SENATE JOINT RESO-
LUTION
IN
HOUSE.—In the House of Rep-
resentatives, the following procedures shall 
apply to a joint resolution of approval or a joint 
resolution of disapproval received from the Sen-
ate (unless the House has already passed a 
joint resolution relating to the same proposed 
action): 
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(i) The joint resolution shall be re-
ferred to the appropriate committees. 
(ii) If a committee to which a joint 
resolution has been referred has not re-
ported the joint resolution within 2 cal-
endar days after the date of referral, that 
committee shall be discharged from further 
consideration of the joint resolution. 
(iii) Beginning on the third legislative 
day after each committee to which a joint 
resolution has been referred reports the 
joint resolution to the House or has been 
discharged 
from 
further 
consideration 
thereof, it shall be in order to move to pro-
ceed to consider the joint resolution in the 
House. All points of order against the mo-
tion are waived. Such a motion shall not be 
in order after the House has disposed of a 
motion to proceed on the joint resolution. 
The previous question shall be considered 
as ordered on the motion to its adoption 
without intervening motion. The motion 
shall not be debatable. A motion to recon-
sider the vote by which the motion is dis-
posed of shall not be in order. 
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(iv) The joint resolution shall be con-
sidered as read. All points of order against 
the joint resolution and against its consid-
eration are waived. The previous question 
shall be considered as ordered on the joint 
resolution to final passage without inter-
vening motion except 2 hours of debate 
equally divided and controlled by the spon-
sor of the joint resolution (or a designee) 
and an opponent. A motion to reconsider 
the vote on passage of the joint resolution 
shall not be in order. 
(B) TREATMENT OF HOUSE JOINT RESO-
LUTION IN SENATE.— 
(i) RECEIPT
BEFORE
PASSAGE.—If, 
before the passage by the Senate of a joint 
resolution of approval or joint resolution of 
disapproval, the Senate receives an iden-
tical joint resolution from the House of 
Representatives, the following procedures 
shall apply: 
(I) That joint resolution shall not 
be referred to a committee. 
(II) With respect to that joint 
resolution— 
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(aa) the procedure in the 
Senate shall be the same as if no 
joint resolution had been received 
from the House of Representa-
tives; but 
(bb) the vote on passage 
shall be on the joint resolution 
from the House of Representa-
tives. 
(ii) RECEIPT
AFTER
PASSAGE.—If, 
following passage of a joint resolution of 
approval or joint resolution of disapproval 
in the Senate, the Senate receives an iden-
tical joint resolution from the House of 
Representatives, that joint resolution shall 
be placed on the appropriate Senate cal-
endar. 
(iii) NO COMPANION MEASURE.—If a 
joint resolution of approval or a joint reso-
lution of disapproval is received from the 
House, and no companion joint resolution 
has been introduced in the Senate, the 
Senate procedures under this subsection 
shall apply to the House joint resolution. 
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(C) APPLICATION
TO
REVENUE
MEAS-
URES.—The provisions of this paragraph shall 
not apply in the House of Representatives to a 
joint resolution of approval or joint resolution 
of disapproval that is a revenue measure. 
(6) RULES
OF
HOUSE
OF
REPRESENTATIVES 
AND SENATE.—This subsection is enacted by Con-
gress— 
(A) as an exercise of the rulemaking power 
of the Senate and the House of Representa-
tives, respectively, and as such is deemed a part 
of the rules of each House, respectively, and su-
persedes other rules only to the extent that it 
is inconsistent with such rules; and 
(B) with full recognition of the constitu-
tional right of either House to change the rules 
(so far as relating to the procedure of that 
House) at any time, in the same manner, and 
to the same extent as in the case of any other 
rule of that House. 
(d) APPROPRIATE
CONGRESSIONAL
COMMITTEES 
AND LEADERSHIP DEFINED.—In this section, the term 
‘‘appropriate congressional committees and leadership’’ 
means— 
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(1) the Committee on Financial Services, the 
Committee on Foreign Affairs, and the Speaker, the 
majority leader, and the minority leader of the 
House of Representatives; and 
(2) the Committee on Banking, Housing, and 
Urban Affairs, the Committee on Foreign Relations, 
and the majority and minority leaders of the Senate. 
SEC. 108. CLARIFICATION OF GUIDANCE RELATING TO 
IRAN’S SHIPPING SECTOR. 
(a) IN GENERAL.—The President shall direct the Of-
fice of Foreign Asset Control of the Department of the 
Treasury to issue regulations and guidance expanding the 
list of services constituting ‘‘significant support’’ to the 
shipping sector of Iran to include— 
(1) port authorities; 
(2) importing agents; 
(3) management firms; 
(4) charterers; 
(5) operators; 
(6) marine insurers; 
(7) classification societies; and 
(8) all other maritime services providers. 
(b) ADDITIONAL UPDATE OF ADVISORY.—The Presi-
dent shall also direct the Secretary of State, the Secretary 
of the Treasury, and the Coast Guard to update the 
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‘‘Sanctions Advisory for the Maritime Industry, Energy 
and Metals Sectors, and Related communities’’ issued on 
May 14, 2020, in accordance with the expanded definition 
of ‘‘significant support to the shipping sector’’ promul-
gated in accordance with subsection (a). 
SEC. 109. SUNSET OF WAIVER AND LICENSE AUTHORITIES. 
(a) IN GENERAL.—The President’s authority to issue 
waivers or licenses to sanctions pursuant to sections 203 
and 205 of the International Emergency Economic Powers 
Act of 1976 with regard to sanctions required or author-
ized by legislation or Executive orders described in sub-
section (b), and any waivers or licenses issued pursuant 
to such legislation or Executive orders, shall cease to apply 
2 years after the date of enactment of this Act. 
(b) SANCTIONS DESCRIBED.—The sanctions required 
or authorized by legislation and Executive orders include 
the following: 
(1) This Act, and the amendments made by this 
Act. 
(2) The Iran Sanctions Act of 1996 (Public 
Law 104–172; 50 U.S.C. 1701 note). 
(3) The Comprehensive Iran Sanctions, Ac-
countability, and Divestment Act of 2010 (22 U.S.C. 
8501 et seq.). 
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(4) Section 1245 of the National Defense Au-
thorization Act for Fiscal Year 2012 (22 U.S.C. 
8513a). 
(5) The Iran Threat Reduction and Syria 
Human Rights Act of 2012 (22 U.S.C. 8701 et 
seq.). 
(6) The Iran Freedom and Counter-Prolifera-
tion Act of 2012 (22 U.S.C. 8801 et seq.). 
(7) The International Emergency Economic 
Powers Act (50 U.S.C. 1701 note). 
(8) Any other statute or Executive order that 
requires or authorizes the imposition of sanctions 
with respect to Iran. 
SEC. 110. CODIFICATION AND APPLICATION ON TRANSFERS 
OF FUNDS INVOLVING IRAN. 
(a) CODIFICATION AND PROHIBITION OF TRANSFERS 
OF FUNDS INVOLVING IRAN.— 
(1) CODIFICATION OF REGULATIONS.—Notwith-
standing sections 203 and 205 of the International 
Emergency Economic Powers Act (50 U.S.C. 1702 
and 1704), section 560.516 of title 31, Code of Fed-
eral Regulations, as in effect on January 1, 2021, 
shall apply with respect to transfers of funds to or 
from Iran, or for the direct or indirect benefit of an 
Iranian person or the Government of Iran, for the 
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period beginning on or after such date of enactment 
and ending on the date on which the President 
makes the certification to Congress under section 8 
of the Iran Sanctions Act of 1996 (50 U.S.C. 1701 
note) as amended by this Act. 
(2) 
ADDITIONAL
PROHIBITION.—Notwith-
standing section 302 of this Act or sections 203 and 
205 of the International Emergency Economic Pow-
ers Act (50 U.S.C. 1702 and 1704)— 
(A) the regulations prohibiting the debiting 
or crediting of an Iranian account in section 
560.516 of title 31, Code of Federal Regula-
tions, as in effect on January 1, 2021, and 
codified in paragraph (1) shall apply to foreign 
financial institutions if the transaction or trans-
actions is conducted in the legal tender of the 
United States; and 
(B) United States financial institutions 
shall be prohibited from engaging in a signifi-
cant transaction or transactions, including pur-
chasing or selling foreign exchange with large- 
value payment systems, with a foreign financial 
institution that violates the regulations and pro-
hibitions described in subparagraph (A). 
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(3) RULE OF CONSTRUCTION.—With the excep-
tion of paragraph (4), the President may not issue 
a license to permit a transaction or transactions 
under this subsection. 
(4) SUSPENSION.—The President may suspend 
the prohibition in paragraph (2) for a period not to 
exceed 180 days, and may renew the suspension for 
additional periods of not more than 180 days, on 
and after the date on which the President provides 
to the appropriate congressional committees the cer-
tification required in section 8 of the Iran Sanctions 
Act of 1996 (50 U.S.C. 1701 note) as amended by 
this Act. 
SEC. 111. APPLICABILITY OF CONGRESSIONAL REVIEW OF 
CERTAIN AGENCY RULEMAKING RELATING 
TO IRAN. 
(a) IN GENERAL.—Notwithstanding any other provi-
sion of law, any rule to amend or otherwise alter a covered 
regulatory provision as defined in subsection (c) that is 
published on or after the date of the enactment of this 
Act shall be deemed to be a rule or major rule (as the 
case may be) for purposes of chapter 8 of title 5, United 
States Code, and shall be subject to all applicable require-
ments of chapter 8 of title 5, United States Code. 
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