I 
114TH CONGRESS 
2D SESSION 
H. R. 5631 
To hold Iran accountable for its state sponsorship of terrorism and other 
threatening activities and for its human rights abuses, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 6, 2016 
Mr. MCCARTHY introduced the following bill; which was referred to the Com-
mittee on Foreign Affairs, and in addition to the Committees on Finan-
cial Services, the Judiciary, Oversight and Government Reform, Ways 
and Means, and Intelligence (Permanent Select), for a period to be subse-
quently determined by the Speaker, in each case for consideration of such 
provisions as fall within the jurisdiction of the committee concerned 
A BILL 
To hold Iran accountable for its state sponsorship of ter-
rorism and other threatening activities and for its human 
rights abuses, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Iran Accountability Act of 2016’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
Sec. 1. Short title; table of contents. 
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Sec. 2. Findings. 
Sec. 3. Sense of Congress. 
Sec. 4. Statement of policy. 
Sec. 5. Definitions. 
TITLE I—SANCTIONS WITH RESPECT TO ENTITIES OWNED BY 
IRAN’S REVOLUTIONARY GUARD CORPS 
Sec. 101. Imposition of sanctions with respect to the IRGC. 
Sec. 102. Additional sanctions with respect to foreign persons that support or 
conduct certain transactions with Iran’s Revolutionary Guard 
Corps or other sanctioned persons. 
Sec. 103. IRGC watch list and report. 
Sec. 104. Imposition of sanctions against Mahan Air. 
Sec. 105. Modification and extension of reporting requirements on the use of 
certain Iranian seaports by foreign vessels and use of foreign 
airports by sanctioned Iranian air carriers. 
TITLE II—IRAN BALLISTIC MISSILE SANCTIONS 
Sec. 201. Expansion of sanctions with respect to efforts by Iran to acquire bal-
listic missile and related technology. 
Sec. 202. Expansion of sanctions under Iran Sanctions Act of 1996 with re-
spect to persons that acquire or develop ballistic missiles. 
Sec. 203. Imposition of sanctions with respect to ballistic missile program of 
Iran. 
Sec. 204. Expansion of mandatory sanctions with respect to financial institu-
tions that engage in certain transactions relating to ballistic 
missile capabilities of Iran. 
Sec. 205. Disclosure to the Securities and Exchange Commission of activities 
with certain sectors of Iran that support the ballistic missile 
program of Iran. 
Sec. 206. Regulations. 
TITLE III—SANCTIONS RELATING TO IRAN’S SUPPORT OF 
TERRORISM 
Sec. 301. Special measures with respect to Iran relating to its designation as 
a jurisdiction of primary money laundering concern. 
TITLE IV—SANCTIONS RELATING TO HUMAN RIGHTS ABUSES IN 
IRAN 
Sec. 401. Expansion of list of persons involved in human rights abuses in Iran. 
Sec. 402. Identification of, and imposition of sanctions with respect to, certain 
Iranian individuals. 
Sec. 403. Imposition of sanctions with respect to persons who conduct trans-
actions with or on behalf of certain Iranian individuals. 
Sec. 404. Mandatory sanctions with respect to financial institutions that engage 
in certain transactions on behalf of persons involved in human 
rights abuses or that export sensitive technology to Iran. 
Sec. 405. United States support for the people of Iran. 
Sec. 406. United States Special Coordinator on Human Rights and Democracy 
in Iran. 
Sec. 407. Broadcasting to Iran. 
Sec. 408. Report on United States citizens detained by Iran. 
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Sec. 409. Sense of Congress on role of the United Nations in promoting human 
rights in Iran. 
SEC. 2. FINDINGS. 
Congress finds the following: 
(1) On April 2, 2015, in announcing a frame-
work agreement for the Joint Comprehensive Plan of 
Action, President Obama stated that ‘‘other Amer-
ican sanctions on Iran for its support of terrorism, 
its human rights abuses, its ballistic missile pro-
gram, will continue to be fully enforced’’. 
(2) On July 14, 2015, President Obama stated 
that ‘‘we will maintain our own sanctions related to 
Iran’s support for terrorism, its ballistic missile pro-
gram, and its human rights violations’’. 
(3) On January 16, 2016, President Obama 
stated that ‘‘We still have sanctions on Iran for its 
violations of human rights, for its support of ter-
rorism, and for its ballistic missile program. And we 
will continue to enforce these sanctions, vigorously.’’. 
(4) On January 21, 2016, Secretary of State 
John Kerry admitted that sanctions relief under the 
Joint Comprehensive Plan of Action would go to ter-
rorist organizations, stating: ‘‘I think that some of 
it will end up in the hands of the IRGC or other en-
tities, some of which are labeled terrorists . . . You 
know, to some degree, I’m not going to sit here and 
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tell you that every component of that can be pre-
vented.’’. 
(5) Secretary of State John Kerry stated on 
July 23, 2015, ‘‘We will not violate the [Joint Com-
prehensive Plan of Action (JCPOA)] if we use our 
authorities to impose sanctions on Iran for ter-
rorism, human rights, missiles, or other nonnuclear 
reasons. And the JCPOA does not provide Iran any 
relief from United States sanctions under any of 
those authorities or other authorities.’’. 
(6) Director of National Intelligence James 
Clapper wrote on February 9, 2016, ‘‘[T]he Islamic 
Republic of Iran presents an enduring threat to U.S 
national interests because of its support to regional 
terrorist and militant groups and the Assad regime, 
as well as its development of advanced military capa-
bilities. Tehran views itself as leading the ‘axis of re-
sistance’ which includes the Asad regime and sub- 
national groups aligned with Iran, especially Leba-
nese Hezbollah and Iraqi Shia militants . . . Tehran 
might even use American citizens detained when en-
tering Iranian territories as bargaining pieces to 
achieve financial or political concessions in line with 
heir strategic intentions.’’. 
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(1) to continue to impose pressure on the Gov-
ernment of Iran for its role as the foremost state 
sponsor of terrorism, its ongoing human rights 
abuses against the citizens of Iran and other peo-
ples, and its unjust detention of United States citi-
zens; and 
(2) to continue to use sanctions as an element 
of that pressure and to discourage financial institu-
tions and entities from engaging in business and 
commerce with Iranian entities tied to Iran’s Revolu-
tionary Guard Corps and to Iranian officials in-
volved in human rights abuses. 
SEC. 5. DEFINITIONS. 
In this Act: 
(1) ENTITY.—The term ‘‘entity’’ means any 
corporation, business association, partnership, trust, 
society, or any other entity. 
(2) FOREIGN PERSON.—The term ‘‘foreign per-
son’’ means an individual or entity that is not a 
United States person. 
(3) IRGC.—The term ‘‘IRGC’’ means— 
(A) Iran’s Revolutionary Guard Corps and 
any official, agent, or affiliate of Iran’s Revolu-
tionary Guard Corps; or 
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(B) any person owned or controlled by 
Iran’s Revolutionary Guard Corps. 
(4) OWN OR CONTROL.—The term ‘‘own or con-
trol’’ means, with respect to an entity— 
(A) to hold more than 25 percent of the 
equity interest by vote or value in the entity; 
(B) to hold any seats on the board of di-
rectors of the entity; or 
(C) to otherwise control the actions, poli-
cies, or personnel decisions of the entity. 
(5) PERSON.—The term ‘‘person’’ means an in-
dividual or entity. 
(6) 
UNITED
STATES
PERSON.—The 
term 
‘‘United States person’’ means— 
(A) a United States citizen or an alien law-
fully 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. 
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TITLE I—SANCTIONS WITH RE-
SPECT TO ENTITIES OWNED 
BY IRAN’S REVOLUTIONARY 
GUARD CORPS 
SEC. 101. IMPOSITION OF SANCTIONS WITH RESPECT TO 
THE IRGC. 
(a) AMENDMENTS.—Subtitle A of title III of the Iran 
Threat Reduction and Syria Human Rights Act of 2012 
(22 U.S.C. 8741 et seq.) is amended— 
(1) by redesignating section 304 as section 306; 
and 
(2) by inserting after section 303 the following 
new sections: 
‘‘SEC. 304. IMPOSITION OF SANCTIONS WITH RESPECT TO 
IRAN’S REVOLUTIONARY GUARD CORPS, ANY 
OFFICIAL, AGENT, OR AFFILIATE OF IRAN’S 
REVOLUTIONARY GUARD CORPS, AND ANY 
PERSON OWNED OR CONTROLLED BY IRAN’S 
REVOLUTIONARY GUARD CORPS. 
‘‘(a) IN GENERAL.—Not later than 120 days after 
the date of the enactment of the Iran Accountability Act 
of 2016, and as appropriate thereafter, the President shall 
impose the sanctions described in subsection (b) with re-
spect to Iran’s Revolutionary Guard Corps, any official, 
agent, or affiliate of Iran’s Revolutionary Guard Corps, 
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and any person owned or controlled by Iran’s Revolu-
tionary Guard Corps. 
‘‘(b) SANCTIONS DESCRIBED.—The sanctions de-
scribed in this subsection are the following: 
‘‘(1) Sanctions applicable with respect to an or-
ganization that is designated by the Secretary of 
State as a foreign terrorist organization pursuant to 
section 219 of the Immigration and Nationality Act 
(8 U.S.C. 1189). 
‘‘(2) Sanctions applicable with respect to a for-
eign person pursuant to Executive Order 13224 
(September 23, 2001; relating to blocking property 
and prohibiting transactions with persons who com-
mit, threaten to commit, or support terrorism). 
‘‘SEC. 305. DEFINITIONS. 
‘‘In this title: 
‘‘(1) ENTITY.—The term ‘entity’ means any 
corporation, business association, partnership, trust, 
society, or any other entity. 
‘‘(2) FOREIGN PERSON.—The term ‘foreign per-
son’ means a person that is not a United States per-
son. 
‘‘(3) PERSON.—The term ‘person’ means an in-
dividual or entity. 
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‘‘(4) 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. 
‘‘(5) OWN
OR
CONTROL.—The term ‘own or 
control’ means, with respect to an entity— 
‘‘(A) to hold more than 25 percent of the 
equity interest by vote or value in the entity; 
‘‘(B) to hold any seats on the board of di-
rectors of the entity; or 
‘‘(C) to otherwise control the actions, poli-
cies, or personnel decisions of the entity.’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
for the Iran Threat Reduction and Syria Human Rights 
Act of 2012 is amended by striking the item relating to 
section 304 and inserting the following: 
‘‘Sec. 304. Imposition of sanctions with respect Iran’s Revolutionary Guard 
Corps, any official, agent, or affiliate of Iran’s Revolutionary 
Guard Corps, and any person owned or controlled by Iran’s 
Revolutionary Guard Corps. 
‘‘Sec. 305. Definitions. 
‘‘Sec. 306. Rule of construction.’’. 
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SEC. 102. ADDITIONAL SANCTIONS WITH RESPECT TO FOR-
EIGN PERSONS THAT SUPPORT OR CONDUCT 
CERTAIN TRANSACTIONS WITH IRAN’S REVO-
LUTIONARY GUARD CORPS OR OTHER SANC-
TIONED PERSONS. 
(a) IDENTIFICATION.—Section 302(a)(1) of the Iran 
Threat Reduction and Syria Human Rights Act of 2012 
(22 U.S.C. 8742(a)(1)) is amended— 
(1) in the matter preceding subparagraph (A), 
by striking ‘‘Not later than 90 days after the date 
of the enactment of this Act, and every 180 days 
thereafter,’’ and inserting ‘‘Not later than 60 days 
after the date of the enactment of the Iran Account-
ability Act of 2016, and every 60 days thereafter,’’; 
(2) in subparagraph (B), by inserting ‘‘, provide 
significant financial services to, or provide material 
support to’’ after ‘‘transactions with’’; 
(3) in subparagraph (C)— 
(A) in the matter preceding clause (i), by 
inserting ‘‘, provide significant financial services 
to, or provide material support to’’ after ‘‘trans-
actions with’’; 
(B) in clause (i), by striking ‘‘or’’ at the 
end; 
(C) in clause (ii), by striking the period at 
the end and inserting a semicolon; and 
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(D) by inserting after clause (i) the fol-
lowing: 
‘‘(iii) a person designated as a foreign 
terrorist organization under section 219(a) 
of the Immigration and Nationality Act (8 
U.S.C. 1189(a)) or that has provided sup-
port for an act of international terrorism 
(as defined in section 14 of the Iran Sanc-
tions Act of 1996 (Public Law 104–172; 
50 U.S.C. 1701 note)); or 
‘‘(iv) a foreign person whose property 
and access to property has been blocked 
pursuant to Executive Order 13224 (Sep-
tember 23, 2001; relating to blocking prop-
erty and prohibiting transactions with per-
sons who commit, threaten to commit, or 
support terrorism).’’. 
(b) IMPOSITION OF SANCTIONS.—Section 302(b) of 
the Iran Threat Reduction and Syria Human Rights Act 
of 2012 (22 U.S.C. 8742(b)) is amended by striking ‘‘the 
President—’’ and all that follows and inserting ‘‘the Presi-
dent shall, in accordance with the International Emer-
gency Economic Powers Act (50 U.S.C. 1701 et seq.), 
block and prohibit all transactions in property and inter-
ests in property with respect to such foreign person if such 
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property and interests in property are in the United 
States, come within the United States, or are or come 
within the possession or control of a United States per-
son.’’. 
(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), by inserting ‘‘for a period 
of not more than 60 days, and may renew that waiv-
er for additional periods of not more than 60 days,’’ 
after ‘‘may waive’’; and 
(2) by adding at the end the following: 
‘‘(3) SUNSET.—The provisions of this sub-
section and any waivers issued pursuant to this sub-
section shall terminate on December 31, 2018.’’. 
(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 ‘‘Notwithstanding’’ and insert-
ing the following: 
‘‘(1) IN GENERAL.—Notwithstanding’’; 
(2) in paragraph (1) (as so designated), by 
striking ‘‘and subject to paragraph (2)’’; 
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(3) by redesignating paragraphs (1) and (2) as 
subparagraphs (A) and (B), respectively, and mov-
ing the margins 2 ems to the right; and 
(4) by adding at the end the following: 
‘‘(2) SUNSET.—The provisions of this sub-
section and any waivers issued pursuant to this sub-
section shall terminate on December 31, 2018.’’. 
(e) APPLICATION OF PROVISIONS OF IRAN SANC-
TIONS ACT OF 1996.—Section 302(f) of the Iran Threat 
Reduction and Syria Human Rights Act of 2012 (22 
U.S.C. 8742(f)) is amended— 
(1) by striking ‘‘The following provisions’’ and 
inserting the following: 
‘‘(1) IN GENERAL.—The following provisions’’; 
(2) by redesignating paragraphs (1) through 
(8) as subparagraphs (A) through (H), respectively, 
and moving the margins 2 ems to the right; and 
(3) by adding at the end the following: 
‘‘(2) SUNSET.—Sections 4(c) and 9(c) of the 
Iran Sanctions Act of 1996 shall not apply with re-
spect to the imposition under subsection (b) of sanc-
tions relating to activities described in subsection 
(a)(1), in accordance with the provision of para-
graph (1) of this subsection, after December 31, 
2018.’’. 
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SEC. 103. IRGC WATCH LIST AND REPORT. 
(a) IN GENERAL.—The Secretary of the Treasury 
shall establish, maintain, and publish in the Federal Reg-
ister a list (to be known as the ‘‘IRGC Watch List’’) of— 
(1) each entity in which the IRGC has an own-
ership interest of less than 25 percent; 
(2) each entity in which the IRGC does not 
have an ownership interest if the IRGC maintains a 
presence on the board of directors of the entity or 
otherwise influences the actions, policies, or per-
sonnel decisions of the entity; and 
(3) each person that owns or controls an entity 
described in paragraph (1) or (2). 
(b) REPORTS REQUIRED.— 
(1) TREASURY REPORT.— 
(A) IN GENERAL.—Not later than 90 days 
after the date of the enactment of this Act, and 
annually thereafter, the Secretary of the Treas-
ury shall submit to Congress a report that in-
cludes— 
(i) the list required by subsection (a) 
and, in the case of any report submitted 
under this subparagraph after the first 
such report, any changes to the list since 
the submission of the preceding such re-
port; and 
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(ii) an assessment of the role of the 
IRGC in, and its penetration into, the 
economy of Iran. 
(B) FORM OF REPORT.—Each report re-
quired by subparagraph (A) shall be submitted 
in unclassified form, but may include a classi-
fied annex if necessary. 
(2) GOVERNMENT ACCOUNTABILITY OFFICE RE-
PORT.— 
(A) IN GENERAL.—The Comptroller Gen-
eral of the United States shall— 
(i) conduct a review of the list re-
quired by subsection (a); and 
(ii) not later than 180 days after each 
report required by paragraph (1) is sub-
mitted to Congress, submit to Congress a 
report on the review conducted under 
clause (i). 
(B) CONSULTATIONS.—In preparing the 
report required by subparagraph (A)(ii), the 
Comptroller General shall consult with non-
governmental organizations. 
SEC. 104. IMPOSITION OF SANCTIONS AGAINST MAHAN AIR. 
(a) IN GENERAL.—The President shall impose the 
sanctions described in subsection (b) with respect to— 
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(1) a person that provides, directly or indi-
rectly, goods, services, technology, or financial serv-
ices, including the sale or provision of aircraft or air-
craft parts, fuel, ramp assistance, baggage and 
cargo handling, catering, refueling, ticketing, check- 
in services, crew handling, or other services related 
to flight operations, to or for Mahan Air or its 
agents or affiliates; or 
(2) any person owned or controlled by, or any 
person that owns or controls, a person described in 
paragraph (1). 
(b) SANCTIONS DESCRIBED.— 
(1) BLOCKING OF PROPERTY.—The President 
shall block, in accordance with the International 
Emergency Economic Powers Act (50 U.S.C. 1701 
et seq.), all transactions in all property and interests 
in property of any person subject to subsection (a) 
if such property and interests in property are in the 
United States, come within the United States, or are 
or come within the possession or control of a United 
States person. 
(2) EXCLUSION
FROM
UNITED
STATES.—The 
Secretary of State shall deny a visa to, and the Sec-
retary of Homeland Security shall exclude from the 
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United States, any person subject to subsection (a) 
that is an alien. 
(c) COMPLIANCE WITH UNITED NATIONS HEAD-
QUARTERS AGREEMENT.—Subsection (b)(2) shall not 
apply to the head of state of Iran, or necessary staff of 
that head of state, if admission to the United States is 
necessary to permit the United States to comply with the 
Agreement regarding the Headquarters of the United Na-
tions, signed at Lake Success June 26, 1947, and entered 
into force November 21, 1947, between the United Na-
tions and the United States. 
(d) APPLICABILITY OF ADDITIONAL SANCTIONS.—A 
person with respect to which the President imposes sanc-
tions under subsection (a) shall be considered an agent 
or affiliate of the IRGC for purposes of sections 104 and 
104A of the Comprehensive Iran Sanctions, Account-
ability, and Divestment Act of 2010 (22 U.S.C. 8513 and 
8513b). 
(e) ADDITIONAL MEASURES.— 
(1) IN GENERAL.—The President shall require 
each covered person to provide a certification to the 
President that the person does not conduct trans-
actions with any person that provides, directly or in-
directly, goods, services, technology, or financial 
services, including the sale or provision of aircraft or 
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aircraft parts, fuel, ramp assistance, baggage or 
cargo handling, catering, refueling, ticketing, check- 
in services, crew handling, or other services related 
to flight operations— 
(A) to Mahan Air or its agents or affili-
ates; 
(B) for aircraft owned or operated by 
Mahan Air or its agents or affiliates; or 
(C) to a person described in section 
105(a). 
(2) COVERED PERSON DEFINED.—In this sub-
section, the term ‘‘covered person’’ means— 
(A) an air carrier or foreign air carrier, as 
those terms are defined in section 40102 of title 
49, United States Code; or 
(B) a United States person that exports 
aircraft or components for aircraft. 
(f) REPORTS REQUIRED.— 
(1) DNI LIST.— 
(A) IN GENERAL.—Not later than 90 days 
after the date of the enactment of the Act, and 
annually thereafter, the Director of National 
Intelligence, in consultation with the Secretary 
of the Treasury, shall submit to Congress a list 
of each person described in subsection (e). 
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(B) FORM OF LIST.—Each list required by 
subparagraph (A) shall be submitted in unclas-
sified form, but may include a classified annex 
if necessary. 
(2) REPORT.— 
(A) IN GENERAL.—Not later than 90 days 
after the date of the enactment of the Act, and 
annually thereafter, the President shall submit 
to Congress a report that includes— 
(i) a list of countries where aircraft of 
Mahan Air or its agents or affiliates land; 
(ii) a description of the efforts of the 
President to encourage countries to pro-
hibit aircraft of Mahan Air or its agents or 
affiliates from landing in the territory of 
those countries; and 
(iii) if the President has not imposed 
sanctions under section 105(a) with re-
spect to any person described in subsection 
(e), an explanation for why the President 
has not imposed such sanctions. 
(B) FORM OF REPORT.—Each report re-
quired by subparagraph (A) shall be submitted 
in unclassified form, but may include a classi-
fied annex if necessary. 
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(3) GOVERNMENT ACCOUNTABILITY OFFICE RE-
PORT.— 
(A) IN GENERAL.—The Comptroller Gen-
eral of the United States shall— 
(i) conduct a review of the certifi-
cations required by subsection (a), the lists 
required by paragraph (1), and the reports 
required by paragraph (2); and 
(ii) not later than 180 days after the 
submission of each list required by para-
graph (1) and each report required by 
paragraph (2), submit to Congress a re-
port on the review conducted under clause 
(i). 
(B) CONSULTATIONS.—In preparing the 
report required by subparagraph (A)(ii), the 
Comptroller General shall consult with non-
governmental organizations. 
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SEC. 105. MODIFICATION AND EXTENSION OF REPORTING 
REQUIREMENTS ON THE USE OF CERTAIN 
IRANIAN SEAPORTS BY FOREIGN VESSELS 
AND USE OF FOREIGN AIRPORTS BY SANC-
TIONED IRANIAN AIR CARRIERS. 
(a) IN GENERAL.—Section 1252(a) of the Iran Free-
dom and Counter-Proliferation Act of 2012 (22 U.S.C. 
8808(a)) is amended— 
(1) in the matter preceding paragraph (1), by 
striking ‘‘2016’’ and inserting ‘‘2019’’; 
(2) in paragraph (1), by striking ‘‘and’’ at the 
end; 
(3) in paragraph (2), by striking the period at 
the end and inserting ‘‘; and’’; and 
(4) by adding at the end the following: 
‘‘(3) a description of all efforts the Department 
of State has made to encourage other countries to 
prohibit the use of air space and airports by Iranian 
air carriers described in paragraph (2) during the 
period specified in subsection (b).’’. 
(b) EFFECTIVE DATE.—The amendments made by 
subsection (a) take effect on the date of the enactment 
of this Act and apply with respect to reports required to 
be submitted under section 1252(a) of the Iran Freedom 
and Counter-Proliferation Act of 2012 on or after such 
date of enactment. 
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TITLE II—IRAN BALLISTIC 
MISSILE SANCTIONS 
SEC. 201. EXPANSION OF SANCTIONS WITH RESPECT TO EF-
FORTS BY IRAN TO ACQUIRE BALLISTIC MIS-
SILE AND RELATED TECHNOLOGY. 
(a) CERTAIN PERSONS.—Section 1604(a) of the 
Iran-Iraq Arms Non-Proliferation Act of 1992 (Public 
Law 102–484; 50 U.S.C. 1701 note) is amended by insert-
ing ‘‘, to acquire ballistic missile or related technology,’’ 
after ‘‘nuclear weapons’’. 
(b) FOREIGN COUNTRIES.—Section 1605(a) of the 
Iran-Iraq Arms Non-Proliferation Act of 1992 (Public 
Law 102–484; 50 U.S.C. 1701 note) is amended, in the 
matter preceding paragraph (1), by inserting ‘‘, to acquire 
ballistic missile or related technology,’’ after ‘‘nuclear 
weapons’’. 
SEC. 202. EXPANSION OF SANCTIONS UNDER IRAN SANC-
TIONS ACT OF 1996 WITH RESPECT TO PER-
SONS THAT ACQUIRE OR DEVELOP BAL-
LISTIC MISSILES. 
Section 5(b)(1)(B) of the Iran Sanctions Act of 1996 
(Public Law 104–172; 50 U.S.C. 1701 note) is amend-
ed— 
(1) in clause (i), by striking ‘‘would likely’’ and 
inserting ‘‘may’’; and 
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‘‘(2) APPROPRIATE
CONGRESSIONAL
COMMIT-
TEES.—The term ‘appropriate congressional com-
mittees’ means the committees specified in section 
14(2) of the Iran Sanctions Act of 1996 (Public 
Law 104–172; 50 U.S.C. 1701 note). 
‘‘(3) CORRESPONDENT
ACCOUNT; 
PAYABLE- 
THROUGH ACCOUNT.—The terms ‘correspondent ac-
count’ and ‘payable-through account’ have the mean-
ings given those terms in section 5318A of title 31, 
United States Code. 
‘‘(4) 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) of the Com-
prehensive Iran Sanctions, Accountability, and Di-
vestment Act of 2010 (22 U.S.C. 8513(i)). 
‘‘(5) GOVERNMENT.—The term ‘Government’, 
with respect to a foreign country, includes any agen-
cies or instrumentalities of that Government and any 
entities controlled by that Government. 
‘‘(6) 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). 
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‘‘(7) 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). 
‘‘(b) DETERMINATIONS OF SIGNIFICANCE.—For pur-
poses of this subtitle, in determining if financial trans-
actions or financial services are significant, the President 
may consider the totality of the facts and circumstances, 
including factors similar to the factors set forth in section 
561.404 of title 31, Code of Federal Regulations (or any 
corresponding similar regulation or ruling). 
‘‘SEC. 232. IMPOSITION OF SANCTIONS WITH RESPECT TO 
PERSONS THAT SUPPORT THE BALLISTIC 
MISSILE PROGRAM OF IRAN. 
‘‘(a) IDENTIFICATION OF PERSONS.— 
‘‘(1) IN GENERAL.—Not later than 120 days 
after the date of the enactment of the Iran Account-
ability Act of 2016, and not less frequently than 
once every 180 days thereafter, the President shall 
submit to the appropriate congressional committees 
a report identifying persons that have provided ma-
terial support to the Government of Iran in the de-
velopment of the ballistic missile program of Iran. 
‘‘(2) ELEMENTS.—Each report required by 
paragraph (1) shall include the following: 
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‘‘(A) 
An 
identification 
of 
persons 
(disaggregated by Iranian and non-Iranian per-
sons) with respect to which there is credible evi-
dence that such persons have provided material 
support to the Government of Iran in the devel-
opment of the ballistic missile program of Iran, 
including persons that have— 
‘‘(i) engaged in the direct or indirect 
provision of material support to such pro-
gram; 
‘‘(ii) facilitated, supported, or engaged 
in activities to further the development of 
such program; 
‘‘(iii) transmitted information relating 
to ballistic missiles to the Government of 
Iran; or 
‘‘(iv) otherwise aided such program. 
‘‘(B) A description of the character and 
significance of the cooperation of each person 
identified under subparagraph (A) with the 
Government of Iran with respect to such pro-
gram. 
‘‘(C) An assessment of the cooperation of 
the Government of the Democratic People’s Re-
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public of Korea with the Government of Iran 
with respect to such program. 
‘‘(3) CLASSIFIED
ANNEX.—Each report re-
quired by paragraph (1) shall be submitted in un-
classified form, but may contain a classified annex. 
‘‘(b) BLOCKING OF PROPERTY.—Not later than 15 
days after submitting a report required by subsection 
(a)(1), the President shall, in accordance with the Inter-
national Emergency Economic Powers Act (50 U.S.C. 
1701 et seq.), block and prohibit all transactions in all 
property and interests in property of any person specified 
in such report that engages in activities described in sub-
section (a) if such property and interests in property are 
in the United States, come within the United States, or 
are or come within the possession or control of a United 
States person. 
‘‘(c) EXCLUSION FROM UNITED STATES .— 
‘‘(1) IN GENERAL.—Except as provided in para-
graph (2), the Secretary of State shall deny a visa 
to, and the Secretary of Homeland Security shall ex-
clude from the United States, any alien subject to 
blocking of property and interests in property under 
subsection (b). 
‘‘(2) COMPLIANCE
WITH
UNITED
NATIONS 
HEADQUARTERS AGREEMENT.—Paragraph (1) shall 
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not apply to the head of state of Iran, or necessary 
staff of that head of state, if admission to 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 No-
vember 21, 1947, between the United Nations and 
the United States. 
‘‘(d) FACILITATION OF CERTAIN TRANSACTIONS.— 
The President shall prohibit the opening, and prohibit or 
impose strict conditions on the maintaining, in the United 
States of a correspondent account or a payable-through 
account by a foreign financial institution that the Presi-
dent determines knowingly, on or after the date that is 
180 days after the date of the enactment of the Iran Ac-
countability Act of 2016, conducts or facilitates a signifi-
cant financial transaction for a person subject to blocking 
of property and interests in property under subsection (b). 
‘‘SEC. 233. BLOCKING OF PROPERTY OF PERSONS AFFILI-
ATED WITH CERTAIN IRANIAN ENTITIES. 
‘‘(a) BLOCKING OF PROPERTY.— 
‘‘(1) IN GENERAL.—The President shall, in ac-
cordance with the International Emergency Eco-
nomic Powers Act (50 U.S.C. 1701 et seq.), block 
and prohibit all transactions in all property and in-
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terests in property of any person described in para-
graph (2) 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. 
‘‘(2) PERSONS
DESCRIBED.—A person de-
scribed in this paragraph is— 
‘‘(A) an entity that is owned or con-
trolled— 
‘‘(i) by the Aerospace Industries Or-
ganization, the Shahid Hemmat Industrial 
Group, the Shahid Bakeri Industrial 
Group, or any agent or affiliate of such or-
ganization or group; or 
‘‘(ii) collectively by a group of individ-
uals that hold an interest in the Aerospace 
Industries 
Organization, 
the 
Shahid 
Hemmat Industrial Group, the Shahid 
Bakeri Industrial Group, or any agent or 
affiliate of such organization or group, 
even if none of those individuals hold a 25 
percent or greater interest in the entity; or 
‘‘(B) a person that owns or controls an en-
tity described in subparagraph (A). 
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‘‘(b) FACILITATION OF CERTAIN TRANSACTIONS.— 
The President shall prohibit the opening, and prohibit or 
impose strict conditions on the maintaining, in the United 
States of a correspondent account or a payable-through 
account by a foreign financial institution that the Presi-
dent determines knowingly, on or after the date that is 
180 days after the date of the enactment of the Iran Ac-
countability Act of 2016, conducts or facilitates a signifi-
cant financial transaction for a person subject to blocking 
of property and interests in property under subsection (a). 
‘‘(c) IRAN MISSILE PROLIFERATION WATCH LIST.— 
‘‘(1) IN
GENERAL.—Not later than 90 days 
after the date of the enactment of the Iran Account-
ability Act of 2016, and not less frequently than an-
nually thereafter, the Secretary of the Treasury shall 
submit to the appropriate congressional committees 
and publish in the Federal Register a list of— 
‘‘(A) each entity in which the Aerospace 
Industries Organization, the Shahid Hemmat 
Industrial Group, the Shahid Bakeri Industrial 
Group, or any agent or affiliate of such organi-
zation or group has an ownership interest of 
more than 0 percent and less than 25 percent; 
‘‘(B) each entity in which the Aerospace 
Industries Organization, the Shahid Hemmat 
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Industrial Group, the Shahid Bakeri Industrial 
Group, or any agent or affiliate of such organi-
zation or group does not have an ownership in-
terest but maintains a presence on the board of 
directors of the entity or otherwise influences 
the actions, policies, or personnel decisions of 
the entity; and 
‘‘(C) each person that owns or controls an 
entity described in subparagraph (A) or (B). 
‘‘(2) REFERENCE.—The list required by para-
graph (1) may be referred to as the ‘Iran Missile 
Proliferation Watch List’. 
‘‘(d) COMPTROLLER GENERAL REPORT.— 
‘‘(1) IN GENERAL.—The Comptroller General of 
the United States shall— 
‘‘(A) conduct a review of each list required 
by subsection (c)(1); and 
‘‘(B) not later than 180 days after each 
such list is submitted to the appropriate con-
gressional committees under that subsection, 
submit to the appropriate congressional com-
mittees a report on the review conducted under 
subparagraph (A) that includes a list of persons 
not included in that list that qualify for inclu-
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sion in that list, as determined by the Comp-
troller General. 
‘‘(2) CONSULTATIONS.—In preparing the report 
required by paragraph (1)(B), the Comptroller Gen-
eral shall consult with nongovernmental organiza-
tions. 
‘‘SEC. 234. IMPOSITION OF SANCTIONS WITH RESPECT TO 
CERTAIN PERSONS INVOLVED IN BALLISTIC 
MISSILE ACTIVITIES. 
‘‘(a) CERTIFICATION.—Not later than 120 days after 
the date of the enactment of the Iran Accountability Act 
of 2016, and not less frequently than once every 180 days 
thereafter, the President shall submit to the appropriate 
congressional committees a certification that each person 
listed in an annex of United Nations Security Council Res-
olution 1737 (2006), 1747 (2007), or 1929 (2010) is not 
directly or indirectly facilitating, supporting, or involved 
with the development of or transfer to Iran of ballistic mis-
siles or technology, parts, components, or technology infor-
mation relating to ballistic missiles. 
‘‘(b) BLOCKING OF PROPERTY.—If the President is 
unable to make a certification under subsection (a) with 
respect to a person and the person is not currently subject 
to sanctions with respect to Iran under any other provision 
of law, the President shall, not later than 15 days after 
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that certification would have been required under that 
subsection— 
‘‘(1) in accordance with 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 that person if 
such property and interests in property are in the 
United States, come within the United States, or are 
or come within the possession or control of a United 
States person; and 
‘‘(2) publish in the Federal Register a report 
describing the reason why the President was unable 
to make a certification with respect to that person. 
‘‘(c) EXCLUSION FROM UNITED STATES .— 
‘‘(1) IN GENERAL.—Except as provided in para-
graph (2), the Secretary of State shall deny a visa 
to, and the Secretary of Homeland Security shall ex-
clude from the United States, any alien subject to 
blocking of property and interests in property under 
subsection (b). 
‘‘(2) COMPLIANCE
WITH
UNITED
NATIONS 
HEADQUARTERS AGREEMENT.—Paragraph (1) shall 
not apply to the head of state of Iran, or necessary 
staff of that head of state, if admission to the 
United States is necessary to permit the United 
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States to comply with the Agreement regarding the 
Headquarters of the United Nations, signed at Lake 
Success June 26, 1947, and entered into force No-
vember 21, 1947, between the United Nations and 
the United States. 
‘‘(d) FACILITATION OF CERTAIN TRANSACTIONS.— 
The President shall prohibit the opening, and prohibit or 
impose strict conditions on the maintaining, in the United 
States of a correspondent account or a payable-through 
account by a foreign financial institution that the Presi-
dent determines knowingly, on or after the date that is 
180 days after the date of the enactment of the Iran Ac-
countability Act of 2016, conducts or facilitates a signifi-
cant financial transaction for a person subject to blocking 
of property and interests in property under subsection (b). 
‘‘SEC. 235. IMPOSITION OF SANCTIONS WITH RESPECT TO 
CERTAIN SECTORS OF IRAN THAT SUPPORT 
THE BALLISTIC MISSILE PROGRAM OF IRAN. 
‘‘(a) LIST OF SECTORS.— 
‘‘(1) IN GENERAL.—Not later than 120 days 
after the date of the enactment of the Iran Account-
ability Act of 2016, and not less frequently than 
once every 180 days thereafter, the President shall 
submit to the appropriate congressional committees 
and publish in the Federal Register a list of the sec-
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tors of the economy of Iran that are directly or indi-
rectly facilitating, supporting, or involved with the 
development of or transfer to Iran of ballistic mis-
siles or technology, parts, components, or technology 
information relating to ballistic missiles. 
‘‘(2) CERTAIN SECTORS.— 
‘‘(A) IN
GENERAL.—Not later than 120 
days after the date of enactment of the Iran 
Accountability Act of 2016, the President shall 
submit to the appropriate congressional com-
mittees a determination as to whether each of 
the chemical, computer science, construction, 
electronic, metallurgy, mining, research (includ-
ing universities and research institutions), and 
telecommunications sectors of Iran meet the 
criteria specified in paragraph (1). 
‘‘(B) INCLUSION IN INITIAL LIST.—If the 
President determines under subparagraph (A) 
that the sectors of the economy of Iran speci-
fied in such subparagraph meet the criteria 
specified in paragraph (1), that sector shall be 
included in the initial list submitted and pub-
lished under that paragraph. 
‘‘(b) SANCTIONS WITH RESPECT TO SPECIFIED SEC-
TORS OF IRAN.— 
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‘‘(1) BLOCKING OF PROPERTY.—The President 
shall, in accordance with the International Emer-
gency Economic Powers Act (50 U.S.C. 1701 et 
seq.), block and prohibit all transactions in all prop-
erty and interests in property of any person de-
scribed in paragraph (4) if such property and inter-
ests in property are in the United States, come with-
in the United States, or are or come within the pos-
session or control of a United States person. 
‘‘(2) EXCLUSION FROM UNITED STATES.— 
‘‘(A) IN GENERAL.—Except as provided in 
subparagraph (B), the Secretary of State shall 
deny a visa to, and the Secretary of Homeland 
Security shall exclude from the United States, 
any alien that is a person described in para-
graph (4). 
‘‘(B) COMPLIANCE WITH UNITED NATIONS 
HEADQUARTERS
AGREEMENT.—Subparagraph 
(A) shall not apply to the head of state of Iran, 
or necessary staff of that head of state, if ad-
mission to 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, 
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1947, between the United Nations and the 
United States. 
‘‘(3) 
FACILITATION
OF
CERTAIN
TRANS-
ACTIONS.—Except as provided in this section, the 
President shall prohibit the opening, and prohibit or 
impose strict conditions on the maintaining, in the 
United States of a correspondent account or a pay-
able-through account by a foreign financial institu-
tion that the President determines knowingly, on or 
after the date that is 180 days after the date of the 
enactment of the Iran Accountability Act of 2016, 
conducts or facilitates a significant financial trans-
action for a person described in paragraph (4). 
‘‘(4) PERSONS
DESCRIBED.—A person is de-
scribed in this paragraph if the President determines 
that the person, on or after the date that is 180 
days after the date of the enactment of the Iran Ac-
countability Act of 2016— 
‘‘(A) operates in a sector of the economy 
of Iran included in the most recent list pub-
lished by the President under subsection (a); 
‘‘(B) knowingly provides significant finan-
cial, material, technological, or other support to, 
or goods or services in support of, any activity 
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or transaction on behalf of or for the benefit of 
a person described in subparagraph (A); or 
‘‘(C) is owned or controlled by a person de-
scribed in subparagraph (A). 
‘‘(c) HUMANITARIAN EXCEPTION.—The President 
may not impose sanctions under this section with respect 
to any person for conducting or facilitating a transaction 
for the sale of agricultural commodities, food, medicine, 
or medical devices to Iran or for the provision of humani-
tarian assistance to the people of Iran. 
‘‘SEC. 236. IDENTIFICATION OF FOREIGN PERSONS THAT 
SUPPORT THE BALLISTIC MISSILE PROGRAM 
OF IRAN IN CERTAIN SECTORS OF IRAN. 
‘‘(a) IN GENERAL.—Not later than 120 days after 
the date of the enactment of the Iran Accountability Act 
of 2016, and not less frequently than annually thereafter, 
the President shall submit to the appropriate congres-
sional committees and publish in the Federal Register a 
list of all foreign persons that have, based on credible in-
formation, directly or indirectly facilitated, supported, or 
been involved with the development of ballistic missiles or 
technology, parts, components, or technology information 
related to ballistic missiles in the following sectors of the 
economy of Iran during the period specified in subsection 
(b): 
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‘‘(1) Chemical. 
‘‘(2) Computer Science. 
‘‘(3) Construction. 
‘‘(4) Electronic. 
‘‘(5) Metallurgy. 
‘‘(6) Mining. 
‘‘(7) Petrochemical. 
‘‘(8) Research (including universities and re-
search institutions). 
‘‘(9) Telecommunications. 
‘‘(10) Any other sector of the economy of Iran 
identified under section 235(a). 
‘‘(b) PERIOD SPECIFIED.—The period specified in 
this subsection is— 
‘‘(1) with respect to the first list submitted 
under subsection (a), the period beginning on the 
date of the enactment of the Iran Accountability Act 
of 2016 and ending on the date that is 120 days 
after such date of enactment; and 
‘‘(2) with respect to each subsequent list sub-
mitted under such subsection, the one year period 
preceding the submission of the list. 
‘‘(c) COMPTROLLER GENERAL REPORT.— 
‘‘(1) IN GENERAL.—With respect to each list 
submitted under subsection (a), not later than 120 
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days after the list is submitted under that sub-
section, the Comptroller General of the United 
States shall submit to the appropriate congressional 
committees— 
‘‘(A) an assessment of the processes fol-
lowed by the President in preparing the list; 
‘‘(B) an assessment of the foreign persons 
included in the list; and 
‘‘(C) a list of persons not included in the 
list that qualify for inclusion in the list, as de-
termined by the Comptroller General. 
‘‘(2) CONSULTATIONS.—In preparing the report 
required by paragraph (1), the Comptroller General 
shall consult with nongovernmental organizations. 
‘‘(d) CREDIBLE INFORMATION DEFINED.—In this 
section, the term ‘credible information’ 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). 
‘‘Subtitle D—General Provisions 
‘‘SEC. 241. DEFINITIONS. 
‘‘In this title: 
‘‘(1) ENTITY.—The term ‘entity’ means any 
corporation, business association, partnership, trust, 
society, or any other entity. 
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‘‘(2) FOREIGN PERSON.—The term ‘foreign per-
son’ means a person that is not a United States per-
son. 
‘‘(3) OWN
OR
CONTROL.—The term ‘own or 
control’ means, with respect to an entity— 
‘‘(A) to hold more than 25 percent of the 
equity interest by vote or value in the entity; 
‘‘(B) to hold any seats on the board of di-
rectors of the entity; or 
‘‘(C) to otherwise control the actions, poli-
cies, or personnel decisions of the entity. 
‘‘(4) PERSON.—The term ‘person’ means an in-
dividual or entity. 
‘‘(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.’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
for the Iran Threat Reduction and Syria Human Rights 
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Act of 2012 is amended by inserting after the item relat-
ing to section 224 the following: 
‘‘Subtitle C—Measures Relating to Ballistic Missile Program of Iran 
‘‘Sec. 231. Definitions. 
‘‘Sec. 232. Imposition of sanctions with respect to persons that support the bal-
listic missile program of Iran. 
‘‘Sec. 233. Blocking of property of persons affiliated with certain Iranian enti-
ties. 
‘‘Sec. 234. Imposition of sanctions with respect to certain persons involved in 
ballistic missile activities. 
‘‘Sec. 235. Imposition of sanctions with respect to certain sectors of Iran that 
support the ballistic missile program of Iran. 
‘‘Sec. 236. Identification of foreign persons that support the ballistic missile 
program of Iran in certain sectors of Iran. 
‘‘Subtitle D—General Provisions 
‘‘Sec. 241. Definitions.’’. 
SEC. 204. EXPANSION OF MANDATORY SANCTIONS WITH 
RESPECT TO FINANCIAL INSTITUTIONS THAT 
ENGAGE IN CERTAIN TRANSACTIONS RELAT-
ING TO BALLISTIC MISSILE CAPABILITIES OF 
IRAN. 
Section 104 of the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010 (22 U.S.C. 
8513) is amended— 
(1) in subsection (c)(2)— 
(A) in subparagraph (A)— 
(i) in clause (i), by striking ‘‘; or’’ and 
inserting a semicolon; 
(ii) by redesignating clause (ii) as 
clause (iii); and 
(iii) by inserting after clause (i) the 
following: 
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‘‘(ii) to acquire or develop ballistic 
missiles and capabilities and launch tech-
nology relating to ballistic missiles; or’’; 
and 
(B) in subparagraph (E)(ii)— 
(i) in subclause (I), by striking ‘‘; or’’ 
and inserting a semicolon; 
(ii) by redesignating subclause (II) as 
subclause (III); and 
(iii) by inserting after subclause (I) 
the following: 
‘‘(II) Iran’s development of bal-
listic missiles and capabilities and 
launch technology relating to ballistic 
missiles; or’’; and 
(2) in subsection (f)— 
(A) by redesignating paragraphs (1) and 
(2) as subparagraphs (A) and (B), respectively, 
and moving those subparagraphs, as so redesig-
nated, two ems to the right; 
(B) by striking ‘‘WAIVER.—The’’ and in-
serting ‘‘WAIVER.— 
‘‘(1) IN GENERAL.—Except as provided in para-
graph (2), the’’; and 
(C) by adding at the end the following: 
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‘‘(2) EXCEPTION.—The Secretary of the Treas-
ury may not waive under paragraph (1) the applica-
tion of a prohibition or condition imposed with re-
spect to an activity described in subparagraph 
(A)(ii) or (E)(ii)(II) of subsection (c)(2).’’. 
SEC. 205. DISCLOSURE TO THE SECURITIES AND EX-
CHANGE COMMISSION OF ACTIVITIES WITH 
CERTAIN SECTORS OF IRAN THAT SUPPORT 
THE BALLISTIC MISSILE PROGRAM OF IRAN. 
(a) IN GENERAL.—Section 13(r)(1) of the Securities 
Exchange Act of 1934 (15 U.S.C. 78m(r)(1)) is amend-
ed— 
(1) in subparagraph (C), by striking ‘‘; or’’ and 
inserting a semicolon; 
(2) by redesignating subparagraph (D) as sub-
paragraph (E); and 
(3) by inserting after subparagraph (C) the fol-
lowing: 
‘‘(D) knowingly engaged in any activity for 
which sanctions may be imposed under section 
235 of the Iran Threat Reduction and Syria 
Human Rights Act of 2012;’’. 
(b) INVESTIGATIONS.—Section 13(r)(5)(A) of the Se-
curities Exchange Act of 1934 is amended by striking ‘‘an 
Executive order specified in clause (i) or (ii) of paragraph 
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(1)(D)’’ and inserting ‘‘section 235 of the Iran Threat Re-
duction and Syria Human Rights Act of 2012, an Execu-
tive order specified in clause (i) or (ii) of paragraph 
(1)(E)’’. 
(c) CONFORMING AMENDMENT.—Section 13(r)(5) of 
the Securities Exchange Act of 1934 is amended, in the 
matter preceding subparagraph (A), by striking ‘‘subpara-
graph (D)(iii)’’ and inserting ‘‘subparagraph (E)(iii)’’. 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall take effect with respect to reports re-
quired to be filed with the Securities and Exchange Com-
mission after the date that is 180 days after the date of 
the enactment of this Act. 
SEC. 206. REGULATIONS. 
Not later than 90 days after the date of the enact-
ment of this Act, the President shall prescribe regulations 
to carry out this title and the amendments made by this 
title. 
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TITLE 
III—SANCTIONS 
RELAT-
ING TO IRAN’S SUPPORT OF 
TERRORISM 
SEC. 301. SPECIAL MEASURES WITH RESPECT TO IRAN RE-
LATING TO ITS DESIGNATION AS A JURISDIC-
TION OF PRIMARY MONEY LAUNDERING CON-
CERN. 
(a) PROHIBITION
ON
DIRECT
USE
OF
COR-
RESPONDENT ACCOUNTS.—A covered financial institution 
shall terminate any correspondent account that— 
(1) is established, maintained, administered, or 
managed in the United States for, or on behalf of, 
an Iranian banking institution; and 
(2) is not blocked under any Executive Order 
issued pursuant to the International Emergency 
Economic Powers Act (50 U.S.C. 1701 et seq.). 
(b) SPECIAL DUE DILIGENCE MEASURES FOR COR-
RESPONDENT ACCOUNTS.— 
(1) IN GENERAL.—A covered financial institu-
tion shall apply special due diligence measures to 
correspondent accounts of the financial institution 
that are reasonably designed to guard against the 
improper indirect use of such accounts by Iranian 
banking institutions. 
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(2) REQUIREMENTS.—The special due diligence 
measures a covered financial institution is required 
to apply to correspondent accounts under paragraph 
(1) shall include, at a minimum— 
(A) notifying the holders of such accounts 
that the covered financial institution knows or 
has reason to know provide services to Iranian 
banking institutions, that such holders generally 
may not provide Iranian banking institutions 
with access to such accounts; and 
(B) taking reasonable steps to identify any 
indirect use of such accounts by Iranian bank-
ing institutions, to the extent that such indirect 
use can be determined from transactional 
records maintained by the covered financial in-
stitution in the normal course of business. 
(3) RISK-BASED APPROACH.—A covered finan-
cial institution shall take a risk-based approach 
when deciding what, if any, other due diligence 
measures the financial institution should adopt to 
guard against the improper indirect use of its cor-
respondent accounts by Iranian banking institutions. 
(4) RESPONSE TO INDIRECT ACCESS BY IRA-
NIAN BANKING INSTITUTIONS.—A covered financial 
institution that obtains credible information that a 
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correspondent account is being used by a foreign 
bank to provide indirect access to an Iranian bank-
ing institution, shall— 
(A) take all appropriate steps to prevent 
such indirect access, including notifying the 
holder of the account under paragraph (1)(A); 
and 
(B) where necessary, terminate the ac-
count. 
(c) RECORDKEEPING AND REPORTING.— 
(1) IN GENERAL.—A covered financial institu-
tion shall document its compliance with the notice 
requirement set forth in subsection (b)(2)(A). 
(2) RULE OF CONSTRUCTION.—Nothing in this 
section shall require a covered financial institution 
to report any information not otherwise required to 
be reported by law or regulation. 
(d) TERMINATION.—This section shall terminate on 
the date that is 30 days after the date on which the Presi-
dent submits to Congress— 
(1) the certification described in section 401(a) 
of the Comprehensive Iran Sanctions, Account-
ability, and Divestment Act of 2010 (22 U.S.C. 
8551(a)); and 
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(2) a certification that the Financial Action 
Task Force has lifted its call for countermeasures 
against Iran and Iran has become a member of a re-
gional body of the Financial Action Task Force. 
(e) DEFINITIONS.—In this section: 
(1) CORRESPONDENT
ACCOUNT.—The term 
‘‘correspondent account’’ has the meaning given that 
term in section 1010.605 of title 31, Code of Fed-
eral Regulations (as in effect on the day before the 
date of the enactment of this Act). 
(2) COVERED
FINANCIAL
INSTITUTION.—The 
term ‘‘covered financial institution’’ has the meaning 
given that term under paragraphs (1) and (2) of 
section 1010.605(e) of title 31, Code of Federal 
Regulations (as in effect on the day before the date 
of the enactment of this Act). 
(3) FOREIGN BANK.—The term ‘‘foreign bank’’ 
has the meaning given that term in section 
1010.100(u) of title 31, Code of Federal Regulations 
(as in effect on the day before the date of the enact-
ment of this Act). 
(4) IRANIAN BANKING INSTITUTION.—The term 
‘‘Iranian banking institution’’ means— 
(A) any foreign bank chartered by Iran, in-
cluding— 
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(i) any branches, offices, or subsidi-
aries of such a bank operating in any juris-
diction; and 
(ii) any branch or office within Iran of 
any foreign bank licensed by Iran; 
(B) the Central Bank of Iran; and 
(C) any foreign bank of which more than 
50 percent of the voting stock or analogous in-
terest is owned by two or more foreign banks 
chartered by Iran. 
TITLE IV—SANCTIONS RELATING 
TO HUMAN RIGHTS ABUSES 
IN IRAN 
SEC. 401. EXPANSION OF LIST OF PERSONS INVOLVED IN 
HUMAN RIGHTS ABUSES IN IRAN. 
(a) IN GENERAL.—Section 105 of the Comprehensive 
Iran Sanctions, Accountability, and Divestment Act of 
2010 (22 U.S.C. 8514) is amended— 
(1) in the section heading, by striking ‘‘CER-
TAIN
PERSONS
WHO
ARE
RESPONSIBLE
FOR 
OR
COMPLICIT’’ and inserting ‘‘PERSONS
IN-
VOLVED’’; 
(2) in subsection (b)— 
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(A) in the subsection heading, by striking 
‘‘WHO ARE RESPONSIBLE FOR OR COMPLICIT’’ 
and inserting ‘‘INVOLVED’’; 
(B) by striking paragraph (1) and insert-
ing the following: 
‘‘(1) IN
GENERAL.—Not later than 90 days 
after the date of the enactment of the Iran Account-
ability Act of 2016, the President shall submit to 
the appropriate congressional committees a list of 
persons the President determines have committed or 
facilitated, directly or indirectly, human rights 
abuses or other acts of violence, intimidation, or har-
assment, on behalf of the Government of Iran on or 
after June 12, 2009, regardless of whether such 
abuses or acts occurred in Iran.’’; and 
(C) in paragraph (2)(A), by striking ‘‘this 
Act’’ and inserting ‘‘the Iran Accountability Act 
of 2016’’; and 
(3) by adding at the end the following: 
‘‘(e) INCLUSION OF ACTIONS THAT VIOLATE UNI-
VERSAL DECLARATION OF HUMAN RIGHTS.—For pur-
poses of subsection (b)(1), the term ‘human rights abuses’ 
includes actions that violate the rights listed in the United 
Nations Universal Declaration of Human Rights, adopted 
at Paris December 10, 1948.’’. 
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(b) CLERICAL AMENDMENT.—The table of contents 
for the Comprehensive Iran Sanctions, Accountability, and 
Divestment Act of 2010 is amended by striking the item 
relating to section 105 and inserting the following: 
‘‘Sec. 105. Imposition of sanctions on persons involved in human rights abuses 
committed against citizens of Iran or their family members 
after the June 12, 2009, elections in Iran.’’. 
SEC. 402. IDENTIFICATION OF, AND IMPOSITION OF SANC-
TIONS WITH RESPECT TO, CERTAIN IRANIAN 
INDIVIDUALS. 
(a) IN GENERAL.—Section 221 of the Iran Threat 
Reduction and Syria Human Rights Act of 2012 (22 
U.S.C. 8727) is amended to read as follows: 
‘‘SEC. 221. IDENTIFICATION OF, AND IMPOSITION OF SANC-
TIONS WITH RESPECT TO, CERTAIN IRANIAN 
INDIVIDUALS. 
‘‘(a) IDENTIFICATION OF INDIVIDUALS.—Not later 
than 90 days after the date of the enactment of the Iran 
Accountability Act of 2016, and every 180 days thereafter, 
the President shall submit to the appropriate congres-
sional committees and publish in the Federal Register a 
list of all individuals the President determines are de-
scribed in subsection (b). 
‘‘(b) INDIVIDUALS DESCRIBED.—An individual de-
scribed in this subsection is— 
‘‘(1) the Supreme Leader of Iran; 
‘‘(2) the President of Iran; 
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‘‘(3) a current or former key official, manager, 
or director of an entity that is owned or controlled 
after November 14, 1979, by— 
‘‘(A) the Supreme Leader of Iran; 
‘‘(B) the Office of the Supreme Leader of 
Iran; 
‘‘(C) the President of Iran; 
‘‘(D) the Office of the President of Iran; 
‘‘(E) Iran’s Revolutionary Guard Corps; 
‘‘(F) the Basij-e Motaz’afin; 
‘‘(G) the Guardian Council; 
‘‘(H) the Ministry of Intelligence and Se-
curity of Iran; 
‘‘(I) the Atomic Energy Organization of 
Iran; 
‘‘(J) the Islamic Consultative Assembly of 
Iran; 
‘‘(K) the Assembly of Experts of Iran; 
‘‘(L) the Ministry of Defense and Armed 
Forces Logistics of Iran; 
‘‘(M) the Ministry of Justice of Iran; 
‘‘(N) the Ministry of Interior of Iran; 
‘‘(O) the prison system of Iran; 
‘‘(P) the judicial system of Iran, including 
the Islamic Revolutionary Courts; or 
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‘‘(Q) any citizen of Iran included on the 
list of specially designated nationals and 
blocked persons maintained by the Office of 
Foreign Assets Control of the Department of 
the Treasury; 
‘‘(4) a citizen of Iran indicted in a foreign coun-
try for, or otherwise suspected of, participation in a 
terrorist attack; 
‘‘(5) a person that ordered, controlled, directed, 
or was otherwise complicit in the kidnaping or politi-
cally motivated detention of a United States citizen, 
including a United States citizen who is also a cit-
izen of another country; or 
‘‘(6) a significant foreign political figure associ-
ated with an individual described in any of para-
graphs (1) through (5) who is not a United States 
person. 
‘‘(c) EXCLUSION FROM UNITED STATES.—Except as 
provided in subsection (f), 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) BLOCKING OF PROPERTY.—Except as provided 
in subsection (f), the President shall, in accordance with 
the International Emergency Economic Powers Act (50 
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U.S.C. 1701 et seq.), block and prohibit all transactions 
in all property and interests in property of any individual 
who is on the list required by subsection (a) if such prop-
erty and interests in property are in the United States, 
come within the United States, or are or come within the 
possession or control of a United States person. 
‘‘(e) REPORT.— 
‘‘(1) IN
GENERAL.—Not later than 90 days 
after the date of the enactment of the Iran Account-
ability Act of 2016, and every 90 days thereafter, 
the President shall submit to the appropriate con-
gressional committees a report that describes the ef-
forts the President has taken during the 90 days 
preceding the submission of the report to locate and 
block all property and interests in property of any 
individual who is on the list required by subsection 
(a). 
‘‘(2) FORM OF REPORT.—Each report required 
by paragraph (1) shall be submitted in unclassified 
form, but may include a classified annex if nec-
essary. 
‘‘(f) EXCEPTIONS.— 
‘‘(1) IN GENERAL.—The President may not in-
clude an individual on the list required by subsection 
(a) if the President determines that, during the 10- 
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year period preceding the determination, the indi-
vidual has not in any way engaged in, facilitated, or 
otherwise supported— 
‘‘(A) human rights abuses; 
‘‘(B) acts of international terrorism; or 
‘‘(C) the proliferation of weapons of mass 
destruction. 
‘‘(2) COMPLIANCE
WITH
UNITED
NATIONS 
HEADQUARTERS AGREEMENT.—Subsection (c) shall 
not apply to the head of state of Iran, or necessary 
staff of that head of state, if admission to 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 No-
vember 21, 1947, between the United Nations and 
the United States. 
‘‘(g) WAIVER.— 
‘‘(1) IN GENERAL.—The President may waive 
the application of subsection (c) or (d) with respect 
to an individual for a period of 180 days, and may 
renew that waiver for additional periods of 180 days, 
if the President— 
‘‘(A) determines that the waiver is vital to 
the national security of the United States; and 
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‘‘(B) not less than 7 days before the waiv-
er or the renewal of the waiver, as the case may 
be, takes effect, submits a report to the appro-
priate congressional committees on the waiver 
and the reason for the waiver. 
‘‘(2) FORM
OF
REPORT.—Each report sub-
mitted under paragraph (1)(B) shall be submitted in 
unclassified form, but may include a classified annex 
if necessary. 
‘‘(3) SUNSET.—The provisions of this sub-
section and any waivers issued pursuant to this sub-
section shall terminate on December 31, 2018. 
‘‘(h) DEFINITIONS.—In this section: 
‘‘(1) OWN
OR
CONTROL.—The term ‘own or 
control’ means, with respect to an entity— 
‘‘(A) to hold more than 25 percent of the 
equity interest by vote or value in the entity; 
‘‘(B) to hold any seats on the board of di-
rectors of the entity; or 
‘‘(C) to otherwise control the actions, poli-
cies, or personnel decisions of the entity. 
‘‘(2) SIGNIFICANT
FOREIGN
POLITICAL
FIG-
URE.— 
‘‘(A) IN GENERAL.—The term ‘significant 
foreign political figure’ includes a current or 
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former senior political figure, the immediate 
family of such a figure, and close associates of 
such a figure. 
‘‘(B) 
ADDITIONAL
DEFINITIONS.—For 
purposes of subparagraph (A): 
‘‘(i) CLOSE
ASSOCIATE.—The term 
‘close associate’, with respect to a senior 
political figure— 
‘‘(I) means an individual who is 
widely and publicly known to maintain 
an unusually close relationship with 
the senior political figure; and 
‘‘(II) includes an individual who 
is in a position to conduct substantial 
domestic and international financial 
transactions on behalf of the senior 
political figure. 
‘‘(ii) IMMEDIATE FAMILY.—The term 
‘immediate family’, with respect to a senior 
foreign political figure, means the parents, 
siblings, spouse, children, and in-laws of 
the senior political figure. 
‘‘(iii) SENIOR
POLITICAL
FIGURE.— 
The term ‘senior political figure’ means a 
senior official in the executive, legislative, 
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administrative, 
military, 
or 
judicial 
branches of the Government of Iran 
(whether elected or not), a senior official of 
a major political party in Iran, or a senior 
executive of an entity owned or controlled 
by the Government of Iran.’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
for the Iran Threat Reduction and Syria Human Rights 
Act of 2012 (22 U.S.C. 8701 et seq.) is amended by strik-
ing the item relating to section 221 and inserting the fol-
lowing: 
‘‘Sec. 221. Identification of, and imposition of sanctions with respect to, certain 
Iranian individuals.’’. 
SEC. 403. IMPOSITION OF SANCTIONS WITH RESPECT TO 
PERSONS 
WHO 
CONDUCT 
TRANSACTIONS 
WITH OR ON BEHALF OF CERTAIN IRANIAN 
INDIVIDUALS. 
(a) IN GENERAL.—Subtitle B of title II of the Iran 
Threat Reduction and Syria Human Rights Act of 2012 
(22 U.S.C. 8721 et seq.) is amended by inserting after 
section 221 the following: 
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‘‘SEC. 221A. IMPOSITION OF SANCTIONS WITH RESPECT TO 
PERSONS 
WHO 
CONDUCT 
TRANSACTIONS 
WITH OR ON BEHALF OF CERTAIN IRANIAN 
INDIVIDUALS. 
‘‘(a) SALE, SUPPLY, OR TRANSFER OF GOODS AND 
SERVICES.—The President shall impose 5 or more of the 
sanctions described in section 6(a) of the Iran Sanctions 
Act of 1996 (Public Law 104–172; 50 U.S.C. 1701 note) 
with respect to a person that knowingly, on or after the 
date that is 120 days after the date of the enactment of 
the Iran Accountability Act of 2016, sells, supplies, or 
transfers goods or services to an individual who is on the 
list required by section 221(a). 
‘‘(b) FACILITATION OF CERTAIN TRANSACTIONS.— 
The President shall prohibit the opening, and prohibit or 
impose strict conditions on the maintaining, in the United 
States of a correspondent account or a payable-through 
account by any foreign financial institution that has know-
ingly conducted or facilitated a significant financial trans-
action on behalf of an individual who is on the list required 
by section 221(a). 
‘‘(c) APPLICATION OF CERTAIN PROVISIONS OF THE 
IRAN SANCTIONS ACT OF 1996.—The following provisions 
of the Iran Sanctions Act of 1996 (Public Law 104–172; 
50 U.S.C. 1701 note) shall apply with respect to the impo-
sition of sanctions under subsection (a) to the same extent 
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that such provisions apply with respect to the imposition 
of sanctions under section 5(a) of the Iran Sanctions Act 
of 1996: 
‘‘(1) Subsections (c), (d), and (f) of section 5. 
‘‘(2) Section 8. 
‘‘(3) Section 11. 
‘‘(4) Section 12. 
‘‘(5) Section 13(b). 
‘‘(d) DEFINITIONS.—In this Act: 
‘‘(1) ACCOUNT; 
CORRESPONDENT
ACCOUNT; 
PAYABLE-THROUGH
ACCOUNT.—The 
terms 
‘ac-
count’, 
‘correspondent 
account’, 
and 
‘payable- 
through account’ have the meanings given those 
terms in section 5318A of title 31, United States 
Code. 
‘‘(2) FOREIGN FINANCIAL INSTITUTION.—The 
term ‘foreign financial institution’ has the meaning 
given that term in section 561.308 of title 31, Code 
of Federal Regulations (or any corresponding similar 
regulation or ruling).’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
for the Iran Threat Reduction and Syria Human Rights 
Act of 2012 (22 U.S.C. 8701 et seq.) is amended by in-
serting after the item relating to section 221 the following: 
‘‘Sec. 221A. Imposition of sanctions with respect to persons who conduct trans-
actions with or on behalf of certain Iranian individuals.’’. 
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SEC. 404. MANDATORY SANCTIONS WITH RESPECT TO FI-
NANCIAL INSTITUTIONS THAT ENGAGE IN 
CERTAIN TRANSACTIONS ON BEHALF OF 
PERSONS 
INVOLVED 
IN 
HUMAN 
RIGHTS 
ABUSES OR THAT EXPORT SENSITIVE TECH-
NOLOGY TO IRAN. 
(a) IN GENERAL.—Section 104(c)(2) of the Com-
prehensive Iran Sanctions, Accountability, and Divestment 
Act of 2010 (22 U.S.C. 8513(c)(2)) is amended— 
(1) in subparagraph (D), by striking ‘‘or’’ at 
the end; 
(2) in subparagraph (E), by striking the period 
at the end and inserting ‘‘; or’’; and 
(3) by adding at the end the following: 
‘‘(F) facilitates a significant transaction or 
transactions or provides significant financial 
services for a person that is subject to sanctions 
under section 105(c), 105A(c), 105B(c), or 
105C(a);’’. 
(b) EFFECTIVE DATE.—The amendments made by 
subsection (a) take effect on the date of the enactment 
of this Act and apply with respect to any activity described 
in subparagraph (F) of section 104(c)(2) of the Com-
prehensive Iran Sanctions, Accountability, and Divestment 
Act of 2010, as added by subsection (a)(3), initiated on 
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or after the date that is 90 days after such date of enact-
ment. 
(c) REGULATIONS.—Not later than 90 days after the 
date of the enactment of this Act, the Secretary of the 
Treasury shall prescribe regulations to carry out the 
amendments made by subsection (a). 
SEC. 405. UNITED STATES SUPPORT FOR THE PEOPLE OF 
IRAN. 
(a) IN GENERAL.—Subtitle B of title IV of the Iran 
Threat Reduction and Syria Human Rights Act of 2012 
(22 U.S.C. 8751 et seq.) is amended by adding at the end 
the following: 
‘‘SEC. 416. UNITED STATES SUPPORT FOR THE PEOPLE OF 
IRAN. 
‘‘(a) POLICY OF THE UNITED STATES.—It is the pol-
icy of the United States— 
‘‘(1) to support the efforts of the people of Iran 
to promote the establishment of basic freedoms in 
Iran; 
‘‘(2) to lay the foundation for the emergence of 
a freely elected, open, and democratic political sys-
tem in Iran that is not a threat to its neighbors or 
to the United States and to work with all citizens of 
Iran who seek to establish such a political system; 
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