Title: To amend the Iran Threat Reduction and Syria Human Rights Act of 2012 to modify the requirement to impose sanctions with respect to the provision of specialized financial messaging services to the Central Bank of Iran and other sanctioned Iranian financial institutions, and for other purposes.
Policy area: International Affairs

Summary:
This bill changes the current discretionary authority to a requirement that the President impose sanctions under the Iran Threat Reduction and Syria Human Rights Act of 2012 with respect to the provision of specialized financial messaging services to the Central Bank of Iran and other sanctioned Iranian financial institutions. This requirement may not be waived.
Sanctions are expanded to include, in the case of an alien who is a senior executive or member of the board of directors of a person that provides such messaging services, visa denial and exclusion from the United States, and revocation of any visa or other documentation.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2081 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 2081

 To amend the Iran Threat Reduction and Syria Human Rights Act of 2012 
   to modify the requirement to impose sanctions with respect to the 
 provision of specialized financial messaging services to the Central 
 Bank of Iran and other sanctioned Iranian financial institutions, and 
                          for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 6, 2017

 Mr. Zeldin (for himself and Mr. Schweikert) introduced the following 
 bill; which was referred to the Committee on Foreign Affairs, and in 
 addition to the Committees on the Judiciary, and Financial Services, 
for a period to be subsequently determined by the Speaker, in each case 
for consideration of such provisions as fall within the jurisdiction of 
                        the committee concerned

_______________________________________________________________________

                                 A BILL


 
 To amend the Iran Threat Reduction and Syria Human Rights Act of 2012 
   to modify the requirement to impose sanctions with respect to the 
 provision of specialized financial messaging services to the Central 
 Bank of Iran and other sanctioned Iranian financial institutions, and 
                          for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. MODIFICATION OF REQUIREMENT TO IMPOSE SANCTIONS WITH RESPECT 
              TO THE PROVISION OF SPECIALIZED FINANCIAL MESSAGING 
              SERVICES TO THE CENTRAL BANK OF IRAN AND OTHER SANCTIONED 
              IRANIAN FINANCIAL INSTITUTIONS.

    (a) In General.--Section 220(c) of the Iran Threat Reduction and 
Syria Human Rights Act of 2012 (22 U.S.C. 8726(c)) is amended--
            (1) by redesignating paragraph (2) as paragraph (3);
            (2) in paragraph (1)--
                    (A) by striking ``paragraph (2)'' and inserting 
                ``paragraph (3)''; and
                    (B) by striking ``the President may impose'' and 
                all that follows and inserting ``the President shall 
                impose sanctions pursuant to that section, the 
                International Emergency Economic Powers Act (50 U.S.C. 
                1701 et seq.), or paragraph (2) of this subsection with 
                respect to the person.''; and
            (3) by inserting after paragraph (1) the following:
            ``(2) Exclusion from the united states and revocation of 
        visa or other documentation.--
                    ``(A) In general.--The sanctions described in this 
                paragraph are, in the case of an alien determined by 
                the President to be a senior executive or member of the 
                board of directors of a person described in paragraph 
                (1), denial of a visa to, and exclusion from the United 
                States of, the alien, and revocation in accordance with 
                section 221(i) of the Immigration and Nationality Act 
                (8 U.S.C. 1201(i)), of any visa or other documentation 
                of the alien.
                    ``(B) Definition.--In this paragraph, the term 
                `alien' has the meaning given such term in section 101 
                of the Immigration and Nationality Act (8 U.S.C. 
                1101).''.
    (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 person that engages in any of the activities described in 
paragraph (1) of section 220(c) of the Iran Threat Reduction and Syria 
Human Rights Act of 2012 on or after such date of enactment.

SEC. 2. PROHIBITION ON WAIVER OF SANCTIONS WITH RESPECT TO THE 
              PROVISION OF SPECIALIZED FINANCIAL MESSAGING SERVICES TO 
              THE CENTRAL BANK OF IRAN AND OTHER SANCTIONED IRANIAN 
              FINANCIAL INSTITUTIONS.

    Notwithstanding any other provision of law, the President, on or 
after the date of the enactment of this Act, may not waive the 
requirement to impose sanctions under section 220(c) of the Iran Threat 
Reduction and Syria Human Rights Act of 2012 (as amended by section 1 
of this Act).
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