(1) the President has certified to Congress that 
the Government of Iran has ceased providing sup-
port for acts of international terrorism and no 
longer satisfies the requirements for designation as 
a state-sponsor of terrorism for purposes of section 
6(j) of the Export Administration Act of 1979, sec-
tion 620A of the Foreign Assistance Act of 1961, 
section 40 of the Arms Export Control Act, or any 
other provision of law; and 
(2) Iran has permanently ceased the pursuit, 
acquisition, and development of nuclear, biological, 
and chemical weapons and missiles. 
TITLE 
VI—TERMINATION 
OF 
LOAN 
DISBURSEMENTS 
TO 
IRAN 
FROM 
THE 
INTER-
NATIONAL BANK FOR RECON-
STRUCTION 
AND 
DEVELOP-
MENT 
SEC. 601. TERMINATION OF LOAN DISBURSEMENTS TO 
IRAN FROM THE INTERNATIONAL BANK FOR 
RECONSTRUCTION AND DEVELOPMENT. 
(a) IN GENERAL.—The President of the United 
States shall take all action available to seek a termination 
of disbursements of funds under loans made by the Inter-
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national Bank for Reconstruction and Development to 
Iran. 
(b) REPORT TO THE CONGRESS.—On the date that 
is 6 months after the date of the enactment of this Act, 
and every 6 months thereafter, the President shall submit 
to the Committee on Financial Services of the House of 
Representatives and the Committee on Foreign Relations 
of the Senate a report on the efforts made by the United 
States to terminate the loan disbursements referred to in 
subsection (a). 
SEC. 602. UNITED STATES OPPOSITION TO NEW COUNTRY 
ASSISTANCE STRATEGY FOR IRAN. 
(a) STATEMENT OF POLICY.—It is the policy of the 
United States to oppose a new Country Assistance Strat-
egy for Iran. 
(b) ACTIONS TO BE TAKEN IF THE WORLD BANK 
VIOLATES
THE POLICY
OR MAKES
A NEW LOAN
TO 
IRAN.—If, after the date of the enactment of this Act, the 
International Bank for Reconstruction and Development 
approves a Country Assistance Strategy for Iran, or ap-
proves a loan to Iran, the President of the United States 
shall— 
(1) terminate any contribution by the United 
States to the International Bank for Reconstruction 
and Development, the International Finance Cor-
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poration, and the Multilateral Investment Guarantee 
Corporation for the fiscal year in which the Country 
Assistance Strategy or loan is approved, or (if loan 
disbursements to Iran for that fiscal year have been 
made by such institutions) for the following fiscal 
year; 
(2) prohibit the sale of debt instruments of the 
International Bank for Reconstruction and Develop-
ment in the United States, prohibit the purchase of 
any such debt instrument by any United States per-
son; and 
(3) prohibit the United States Government and 
any state or municipal governmental entity from 
purchasing any such debt instrument. 
SEC. 603. SUNSET. 
Sections 601 and 602 shall terminate 30 days after 
the date on which the President has certified to Congress 
that— 
(1) the Government of Iran has ceased pro-
viding support for acts of international terrorism 
and no longer satisfies the requirements for designa-
tion as a state-sponsor of terrorism for purposes of 
section 6(j) of the Export Administration Act of 
1979, section 620A of the Foreign Assistance Act of 
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1961, section 40 of the Arms Export Control Act, 
or any other provision of law; and 
(2) Iran has ceased the pursuit, acquisition, 
and development of nuclear, biological, and chemical 
weapons and ballistic missiles and ballistic missile 
launch technology. 
SEC. 604. RULE OF INTERPRETATION. 
Nothing in section 601 or 602 shall be interpreted 
to affect United States contributions to, or the participa-
tion of the United States in, the International Develop-
ment Association. 
Æ 
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