(2) by striking ‘‘subsection, the President—’’ 
and all that follows and inserting ‘‘the President 
shall block and prohibit all transactions in property 
and interests in property with respect to such for-
eign 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 possession 
or control of a United States person.’’; and 
(3) by adding at the end the following: 
‘‘(2) EXCEPTION
RELATING
TO
IMPORTATION 
OF GOODS.— 
‘‘(A) IN
GENERAL.—The requirement to 
impose sanctions as described in paragraph (1) 
shall not include the authority to impose sanc-
tions on the importation of goods. 
‘‘(B) GOOD DEFINED.—In this paragraph, 
the term ‘good’ means any article, natural or 
man-made substance, material, supply or manu-
factured product, including inspection and test 
equipment, and excluding technical data.’’. 
(c) WAIVER OF IMPOSITION OF SANCTIONS.—Section 
302(d) of the Iran Threat Reduction and Syria Human 
Rights Act of 2012 (22 U.S.C. 8742(d)) is amended— 
(1) in paragraph (1)— 
VerDate Sep 11 2014 
04:19 Apr 17, 2019
Jkt 089200
PO 00000
Frm 00036
Fmt 6652
Sfmt 6201
E:\BILLS\H2118.IH
H2118
kjohnson on DSK79L0C42 with BILLS
(A) by striking ‘‘(A)(i) determines’’ and in-
serting ‘‘(A)(i)(I) determines’’; 
(B) by striking ‘‘(ii) determines’’ and in-
serting ‘‘(II) determines’’; 
(C) by striking ‘‘(B) submits’’ and insert-
ing ‘‘(ii) submits’’; 
(D) by striking ‘‘(i) identifies’’ and insert-
ing ‘‘(I) identifies’’; 
(E) by striking ‘‘(ii) describes’’ and insert-
ing ‘‘(II) describes’’; 
(F) by striking ‘‘(iii) sets forth’’ and in-
serting ‘‘(III) sets forth’’; 
(G) by striking the period at the end and 
inserting ‘‘and’’; and 
(H) by adding at the end the following: 
‘‘(B) with respect to a foreign person iden-
tified by reason of having engaged in a signifi-
cant transaction or transactions described in 
subsection (a)(1)(C)(iv), also certifies to the ap-
propriate congressional committees that Iran’s 
Revolutionary Guard Corps is significantly de-
creasing provision of direct or indirect material 
support to the Government of Syria or 
Hezbollah’s operations in Syria.’’; and 
VerDate Sep 11 2014 
04:19 Apr 17, 2019
Jkt 089200
PO 00000
Frm 00037
Fmt 6652
Sfmt 6201
E:\BILLS\H2118.IH
H2118
kjohnson on DSK79L0C42 with BILLS
(2) in paragraph (2), by striking ‘‘paragraph 
(1)(B)’’ and inserting ‘‘paragraph (1)(A)(ii)’’. 
(d) WAIVER
OF IDENTIFICATIONS
AND DESIGNA-
TIONS.—Section 302(e) of the Iran Threat Reduction and 
Syria Human Rights Act of 2012 (22 U.S.C. 8742(e)) is 
amended— 
(1) by striking ‘‘and subject to paragraph (2)’’; 
(2) by striking ‘‘(1) determines’’ and inserting 
‘‘(1)(A) determines’’; 
(3) by striking ‘‘(2) notifies’’ and inserting ‘‘(B) 
notifies’’; 
(4) by striking the period at the end and insert-
ing ‘‘; and’’; and 
(5) by adding at the end the following: 
‘‘(2) with respect to a foreign person identified 
by reason of having engaged in a significant trans-
action or transactions described in subsection 
(a)(1)(C)(iv), also certifies to the appropriate con-
gressional committees that Iran’s Revolutionary 
Guard Corps is significantly decreasing provision of 
direct or indirect material support to the Govern-
ment of Syria or Hezbollah’s operations in Syria.’’. 
(e) APPLICATION OF PROVISIONS OF IRAN FREEDOM 
AND COUNTER-PROLIFERATION ACT OF 2012.—Section 
302 of the Iran Threat Reduction and Syria Human 
VerDate Sep 11 2014 
04:19 Apr 17, 2019
Jkt 089200
PO 00000
Frm 00038
Fmt 6652
Sfmt 6201
E:\BILLS\H2118.IH
H2118
kjohnson on DSK79L0C42 with BILLS
Rights Act of 2012 (22 U.S.C. 8742) is amended by add-
ing at the end the following: 
‘‘(g) APPLICATION OF PROVISIONS OF IRAN FREE-
DOM
AND COUNTER-PROLIFERATION ACT
OF 2012.— 
Subsections (e) and (f) of section 1244 of the Iran Free-
dom and Counter-Proliferation Act of 2012 (22 U.S.C. 
8803) apply with respect to the imposition under sub-
section (b)(1) of sanctions relating to activities described 
in subsection (a)(1) to the same extent that such provi-
sions apply with respect to the imposition of sanctions 
under subsections (c) and (d) of the Iran Freedom and 
Counter-Proliferation Act of 2012.’’. 
(f) EFFECTIVE DATE.—The amendments made by 
this section take effect on the date of the enactment of 
this Act and apply with respect to conduct described in 
subparagraphs (B) and (C) of section 302(a)(1) of the 
Iran Threat Reduction and Syria Human Rights Act of 
2012, as amended by this section, engaged in on or after 
such date of enactment. 
SEC. 203. REPORTS ON CERTAIN IRANIAN PERSONS. 
(a) STATEMENT OF POLICY.—It shall be the policy 
of the United States to fully implement and enforce sanc-
tions against Iran’s Revolutionary Guard Corps, including 
its officials, agents, and affiliates. 
VerDate Sep 11 2014 
04:19 Apr 17, 2019
Jkt 089200
PO 00000
Frm 00039
Fmt 6652
Sfmt 6201
E:\BILLS\H2118.IH
H2118
kjohnson on DSK79L0C42 with BILLS
(b) IN GENERAL.—Subtitle B of title III of the Iran 
Threat Reduction and Syria Human Rights Act of 2012 
(Public Law 112–158; 126 Stat. 1247) is amended by 
adding at the end the following: 
‘‘SEC. 313. REPORT ON CERTAIN IRANIAN PERSONS. 
‘‘(a) IN GENERAL.—Not later than 180 days after 
the date of the enactment of the Iran Ballistic Missiles 
and International Sanctions Enforcement Act, and annu-
ally thereafter for a period not to exceed two years, the 
President shall submit to the appropriate congressional 
committees a report that contains the following: 
‘‘(1) A list of foreign persons that are operating 
business enterprises in Iran that have a valuation of 
more than $100,000,000 in Iran and, with respect 
to each such foreign person, a determination of 
whether or not Iran’s Revolutionary Guard Corps or 
any foreign persons that are officials, agents, or af-
filiates of Iran’s Revolutionary Guard Corps, directly 
or indirectly owns or controls the foreign person. 
‘‘(2) A list of Iranian financial institutions that 
have a valuation of more than $10,000,000 and, 
with respect to each such Iranian financial institu-
tion, a determination of whether or not— 
‘‘(A) the institution has knowingly facili-
tated a significant transaction directly or indi-
VerDate Sep 11 2014 
04:19 Apr 17, 2019
Jkt 089200
PO 00000
Frm 00040
Fmt 6652
Sfmt 6201
E:\BILLS\H2118.IH
H2118
kjohnson on DSK79L0C42 with BILLS
rectly for, or on behalf of, Iran’s Revolutionary 
Guard Corps during the 2-year period begin-
ning on the date of the enactment of this sec-
tion; or 
‘‘(B) Iran’s Revolutionary Guard Corps or 
any foreign persons that are officials, agents, or 
affiliates of Iran’s Revolutionary Guard Corps, 
directly or indirectly, owns or controls the insti-
tution. 
‘‘(b) FORM OF REPORT; PUBLIC AVAILABILITY.— 
‘‘(1) FORM.—The report required by paragraph 
(1) shall be submitted in unclassified form but may 
contain a classified annex. 
‘‘(2) PUBLIC AVAILABILITY.—The unclassified 
portion of the report required by paragraph (1) shall 
be posted on a publicly available Internet website of 
the Department of the Treasury and a publicly 
available internet website of the Department of 
State. 
‘‘(c) DEFINITIONS.—In this section: 
‘‘(1) FOREIGN PERSON.—The term ‘foreign per-
son’ means a person that is not a United States per-
son. 
‘‘(2) IRAN’S REVOLUTIONARY GUARD CORPS.— 
The term ‘Iran’s Revolutionary Guard Corps’ in-
VerDate Sep 11 2014 
04:19 Apr 17, 2019
Jkt 089200
PO 00000
Frm 00041
Fmt 6652
Sfmt 6201
E:\BILLS\H2118.IH
H2118
kjohnson on DSK79L0C42 with BILLS
cludes any senior foreign political figure (as defined 
in section 1010.605 of title 31, Code of Federal 
Regulations) of Iran’s Revolutionary Guard Corps. 
‘‘(3) IRANIAN
FINANCIAL
INSTITUTION.—The 
term ‘Iranian financial institution’ has the meaning 
given such term in section 561.320 of title 31, Code 
of Federal Regulations. 
‘‘(4) SIGNIFICANT
TRANSACTION.—A trans-
action shall be determined to be a ‘significant trans-
action’ in accordance with section 561.404 of title 
31, Code of Federal Regulations, as such section 
561.404 was in effect on January 1, 2016. 
‘‘(5) UNITED
STATES
PERSON.—The term 
‘United States person’ means— 
‘‘(A) a United States citizen or an alien 
lawfully admitted for permanent residence to 
the United States; or 
‘‘(B) an entity organized under the laws of 
the United States or of any jurisdiction within 
the United States, including a foreign branch of 
such an entity.’’. 
(c) CLERICAL AMENDMENT.—The table of contents 
for the Iran Threat Reduction and Syria Human Rights 
Act of 2012 is amended by inserting after the item relat-
ing to section 312 the following: 
‘‘Sec. 313. Report on certain Iranian persons.’’. 
VerDate Sep 11 2014 
04:19 Apr 17, 2019
Jkt 089200
PO 00000
Frm 00042
Fmt 6652
Sfmt 6211
E:\BILLS\H2118.IH
H2118
kjohnson on DSK79L0C42 with BILLS
SEC. 204. STATEMENT OF POLICY ON PREVENTION OF AC-
CESSION OF IRAN TO WORLD TRADE ORGANI-
ZATION. 
(a) IN GENERAL.—It shall be the policy of the United 
States to work to prevent Iran’s membership in the World 
Trade Organization and similar international bodies until 
the date on which the determination of the Secretary of 
State that the Government of Iran has repeatedly provided 
support for acts of international terrorism under the pro-
visions of law described in subsection (b) is rescinded. 
(b) PROVISIONS OF LAW DESCRIBED.—The provi-
sions of law described in this subsection are— 
(1) section 1754(c) of the Export Control Re-
form Act of 2018; 
(2) section 40 of the Arms Export Control Act; 
(3) section 620A of the Foreign Assistance Act 
of 1961; or 
(4) any other provision of law. 
Æ 
VerDate Sep 11 2014 
04:19 Apr 17, 2019
Jkt 089200
PO 00000
Frm 00043
Fmt 6652
Sfmt 6301
E:\BILLS\H2118.IH
H2118
kjohnson on DSK79L0C42 with BILLS