Title: Iranian Revolutionary Guard Corps Economic Exclusion Act
Policy area: International Affairs

Summary:
Iranian Revolutionary Guard Corps Economic Exclusion Act
This bill expands sanctions and reporting requirements related to Iran's Revolutionary Guard Corps (IRGC), a branch of the Iranian armed forces that the Department of State has designated as a foreign terrorist organization.
The President shall identify foreign persons and entities that have conducted one or more sensitive transactions or activities related to the IRGC as well as entities owned or controlled by the IRGC and impose property- and visa-blocking sanctions on them. The bill expands the definition of a "sensitive transaction or activity" to include transactions to provide material support for (1) a designated foreign terrorist organization, (2) a foreign person or entity whose property and interests have been blocked pursuant to an executive order related to those who commit or threaten terrorist acts, or (5) the Syrian government or any agency or entity owned or controlled by the Syrian government.
The bill also expands existing sanctions to cover foreign persons and entities that knowingly provided significant financial services to an Iranian person or entity that (1) has been designated as a foreign terrorist organization, (2) has provided support for an act of international terrorism, or (3) is subject to sanctions pursuant to various executive orders.
The President shall report to Congress on whether specified entities, such as the Telecommunication Company of Iran and the Iran Mineral Products Company, are owned or controlled by the IRGC. The bill imposes other reporting requirements, including an analysis of how supply chains in Iran and abroad aid the IRGC.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 925 Introduced in Senate (IS)]

<DOC>






116th CONGRESS
  1st Session
                                 S. 925

  To impose additional sanctions with respect to Iran's Revolutionary 
                  Guard Corps, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 28, 2019

  Mr. Cornyn (for himself, Ms. Sinema, Mr. Tillis, Ms. Collins, Mrs. 
 Fischer, and Mr. Rubio) introduced the following bill; which was read 
        twice and referred to the Committee on Foreign Relations

_______________________________________________________________________

                                 A BILL


 
  To impose additional sanctions with respect to Iran's Revolutionary 
                  Guard Corps, 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. SHORT TITLE.

    This Act may be cited as the ``Iranian Revolutionary Guard Corps 
Economic Exclusion Act''.

SEC. 2. ADDITIONAL SANCTIONS WITH RESPECT TO FOREIGN PERSONS THAT ARE 
              OFFICIALS, AGENTS, OR AFFILIATES OF, OR OWNED OR 
              CONTROLLED BY, IRAN'S REVOLUTIONARY GUARD CORPS.

    (a) In General.--Section 301(a) of the Iran Threat Reduction and 
Syria Human Rights Act of 2012 (22 U.S.C. 8741(a)) is amended--
            (1) in the matter preceding paragraph (1), by striking 
        ``Not later than 90 days after the date of the enactment of 
        this Act, and as appropriate thereafter,'' and inserting ``Not 
        later than 180 days after the date of the enactment of the 
        Iranian Revolutionary Guard Corps Economic Exclusion Act, and 
        every 180 days thereafter,'';
            (2) in paragraph (1)--
                    (A) by inserting ``, or owned or controlled by,'' 
                after ``affiliates of''; and
                    (B) by striking ``and'' at the end;
            (3) in paragraph (2)(B), by striking the period at the end 
        and inserting ``; and''; and
            (4) by adding at the end the following:
            ``(3) identify foreign persons with respect to which there 
        is a reasonable basis to determine that the foreign persons 
        have, directly or indirectly, conducted one or more sensitive 
        transactions or activities described in subsection (c) for or 
        on behalf of a foreign person described in paragraph (1).''.
    (b) Authorization; Priority for Investigation; Reports.--Section 
301(b) of the Iran Threat Reduction and Syria Human Rights Act of 2012 
(22 U.S.C. 8741(b)) is amended to read as follows:
    ``(b) Authorization; Priority for Investigation; Reports.--
            ``(1) Authorization.--In identifying foreign persons 
        pursuant to subsection (a)(1) as owned or controlled by Iran's 
        Revolutionary Guard Corps, the President is authorized to 
        identify foreign persons in which Iran's Revolutionary Guard 
        Corps has an ownership interest of less than 50 percent.
            ``(2) Priority for investigation.--In identifying foreign 
        persons pursuant to subsection (a)(1) as officials, agents, or 
        affiliates of, or owned or controlled by, Iran's Revolutionary 
        Guard Corps, the President shall investigate--
                    ``(A) foreign persons identified under section 
                560.304 of title 31, Code of Federal Regulations 
                (relating to the definition of the Government of Iran); 
                and
                    ``(B) foreign persons for which there is a 
                reasonable basis to find that the person has conducted 
                or attempted to conduct one or more sensitive 
                transactions or activities described in subsection (c).
            ``(3) Report.--
                    ``(A) Determination.--
                            ``(i) In general.--The President shall 
                        determine whether each foreign person described 
                        in clause (ii) is owned or controlled by Iran's 
                        Revolutionary Guard Corps.
                            ``(ii) Foreign persons described.--The 
                        foreign persons described in this clause are 
                        the following:
                                    ``(I) The Telecommunication Company 
                                of Iran.
                                    ``(II) The Mobile Telecommunication 
                                Company of Iran (MTCI).
                                    ``(III) The Calcimin Public 
                                Company.
                                    ``(IV) The Iran Tractor 
                                Manufacturing Company.
                                    ``(V) The Iran Tractor Motors 
                                Manufacturing Company.
                                    ``(VI) The Iran Zinc Mines 
                                Development Company.
                                    ``(VII) The National Iranian Lead 
                                and Zinc Company.
                                    ``(VIII) The Iran Mineral Products 
                                Company.
                                    ``(IX) Tosee Energy Paivaran 
                                Company.
                    ``(B) Report.--
                            ``(i) In general.--Not later than 90 days 
                        after the date of the enactment of the Iranian 
                        Revolutionary Guard Corps Economic Exclusion 
                        Act, the President shall submit to the 
                        appropriate congressional committees a report 
                        on the determinations made under subparagraph 
                        (A) together with the reasons for those 
                        determinations.
                            ``(ii) Form.--A report submitted under 
                        clause (i) shall be submitted in unclassified 
                        form but may contain a classified annex.
            ``(4) Additional report.--
                    ``(A) In general.--Not later than 180 days after 
                the date of the enactment of the Iranian Revolutionary 
                Guard Corps Economic Exclusion Act, the President shall 
                submit to the appropriate congressional committees a 
                report that includes a detailed list of foreign persons 
                in which there is a reasonable basis to determine that 
                Iran's Revolutionary Guard Corps has an ownership 
                interest of not less than 33 percent.
                    ``(B) Form.--The report required under subparagraph 
                (A) shall be submitted in unclassified form but may 
                contain a classified annex.''.
    (c) Sensitive Transactions and Activities Described.--Section 
301(c) of the Iran Threat Reduction and Syria Human Rights Act of 2012 
(22 U.S.C. 8741(c)) is amended--
            (1) in paragraph (1)--
                    (A) by striking ``$1,000,000'' and inserting 
                ``$500,000''; and
                    (B) by inserting ``Iranian financial institution 
                or'' after ``involving a'';
            (2) by redesignating paragraphs (3), (4), and (5) as 
        paragraphs (6), (7), and (8), respectively; and
            (3) by inserting after paragraph (2) the following new 
        paragraphs:
            ``(3) a transaction to provide material support for an 
        organization designated as a foreign terrorist organization 
        under section 219(a) of the Immigration and Nationality Act (8 
        U.S.C. 1189(a)) or support for an act of international 
        terrorism (as defined in section 14 of the Iran Sanctions Act 
        of 1996 (Public Law 104-172; 50 U.S.C. 1701 note));
            ``(4) a transaction to provide material support to a 
        foreign person whose property and interests in property have 
        been blocked pursuant to Executive Order 13224 (50 U.S.C. 1701 
        note; relating to blocking property and prohibiting 
        transactions with persons who commit, threaten to commit, or 
        support terrorism);
            ``(5) a transaction to provide material support for--
                    ``(A) the Government of Syria or any agency or 
                instrumentality thereof; or
                    ``(B) any entity owned or controlled by the 
                Government of Syria, including for purposes of post-
                conflict reconstruction;''.
    (d) Waiver of Imposition of Sanctions.--Section 301(e) of the Iran 
Threat Reduction and Syria Human Rights Act of 2012 (22 U.S.C. 8741(e)) 
is amended--
            (1) in paragraph (1)--
                    (A) by striking ``(A) determines'' and inserting 
                ``(A)(i) determines'';
                    (B) by striking ``(B) submits'' and inserting 
                ``(ii) submits'';
                    (C) by striking ``(i) identifies'' and inserting 
                ``(I) identifies'';
                    (D) by striking ``(ii) sets'' and inserting ``(II) 
                sets'';
                    (E) by striking the period at the end and inserting 
                ``; and''; and
                    (F) by adding at the end the following:
                    ``(B) with respect to a foreign person identified 
                under subsection (a)(3) by reason of having conducted 
                or attempted to conduct one or more sensitive 
                transactions or activities described in subsection 
                (c)(5), also certifies to the appropriate congressional 
                committees that Iran's Revolutionary Guard Corps is 
                significantly decreasing provision of direct or 
                indirect material support to the Government of Syria or 
                Hezbollah's operations in Syria.''; and
            (2) in paragraph (2), by striking ``paragraph (1)(B)'' and 
        inserting ``paragraph (1)(A)(ii)''.
    (e) Regulations, Implementation, Penalties, and Definitions.--
Section 301 of the Iran Threat Reduction and Syria Human Rights Act of 
2012 (22 U.S.C. 8741) is amended--
            (1) by redesignating subsection (f) as subsection (h); and
            (2) by inserting after subsection (e) the following new 
        subsection:
    ``(f) Definitions.--In this section:
            ``(1) Foreign person.--The term `foreign person' means--
                    ``(A) an individual who is not a United States 
                person;
                    ``(B) a corporation, partnership, or other 
                nongovernmental entity that is not a United States 
                person; or
                    ``(C) any representative, agent, or instrumentality 
                of, or an individual working on behalf of, a foreign 
                government.
            ``(2) Iran's revolutionary guard corps.--The term `Iran's 
        Revolutionary Guard Corps' includes any senior foreign 
        political figure (as defined in section 1010.605 of title 31, 
        Code of Federal Regulations) of Iran's Revolutionary Guard 
        Corps.''.
    (f) Conforming and Clerical Amendments.--The Iran Threat Reduction 
and Syria Human Rights Act of 2012 (22 U.S.C. 8701 et seq.) is 
amended--
            (1) by striking the heading of section 301 and inserting 
        the following:

``SEC. 301. IDENTIFICATION OF, AND IMPOSITION OF SANCTIONS WITH RESPECT 
              TO, FOREIGN PERSONS THAT ARE OFFICIALS, AGENTS, OR 
              AFFILIATES OF, OR OWNED OR CONTROLLED BY, IRAN'S 
              REVOLUTIONARY GUARD CORPS.'';

        and
            (2) in the table of contents, by striking the item relating 
        to section 301 and inserting the following:

``Sec. 301. Identification of, and imposition of sanctions with respect 
                            to, foreign persons that are officials, 
                            agents, or affiliates of, or owned or 
                            controlled by, Iran's Revolutionary Guard 
                            Corps.''.
    (g) 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 section 301(a) 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. 3. ADDITIONAL SANCTIONS WITH RESPECT TO FOREIGN PERSONS THAT 
              SUPPORT OR CONDUCT CERTAIN TRANSACTIONS WITH IRAN'S 
              REVOLUTIONARY GUARD CORPS OR OTHER SANCTIONED 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))--
            (1) in subparagraph (B)--
                    (A) by inserting ``, or provide significant 
                financial services to,'' after ``transactions with''; 
                and
                    (B) in clause (ii), by striking ``or'' at the end; 
                and
            (2) in subparagraph (C)--
                    (A) in the matter preceding clause (i), by 
                inserting ``, provide significant financial services 
                to, or provide material support to'' after 
                ``transactions with'';
                    (B) in clause (i), by striking ``or'' at the end; 
                and
                    (C) by striking clause (ii) and inserting the 
                following:
                            ``(ii) an Iranian person--
                                    ``(I) designated as foreign 
                                terrorist organizations under section 
                                219(a) of the Immigration and 
                                Nationality Act (8 U.S.C. 1189(a)); or
                                    ``(II) that has provided support 
                                for an act of international terrorism 
                                (as defined in section 14 of the Iran 
                                Sanctions Act of 1996 (Public Law 104-
                                172; 50 U.S.C. 1701 note));
                            ``(iii) an Iranian person whose property 
                        and interests in property have been blocked 
                        pursuant to Executive Order 13224 (50 U.S.C. 
                        1701 note; relating to blocking property and 
                        prohibiting transactions with persons who 
                        commit, threaten to commit, or support 
                        terrorism);
                            ``(iv) an Iranian person whose property and 
                        interests in property have been blocked 
                        pursuant to--
                                    ``(I) Executive Order 13608 (50 
                                U.S.C. 1701 note; relating to 
                                prohibiting certain transactions with 
                                and suspending entry into the United 
                                States of foreign sanctions evaders 
                                with respect to Iran and Syria);
                                    ``(II) Executive Order 13606 (50 
                                U.S.C. 1701 note; relating to blocking 
                                the property and suspending entry into 
                                the United States of certain persons 
                                with respect to grave human rights 
                                abuses by the Governments of Iran and 
                                Syria via information technology);
                                    ``(III) Executive Order 13582 (50 
                                U.S.C. 1701 note; relating to blocking 
                                property of the Government of Syria and 
                                prohibiting certain transactions with 
                                respect to Syria);
                                    ``(IV) Executive Order 13573 (50 
                                U.S.C. 1701 note; relating to blocking 
                                property of senior officials of the 
                                Government of Syria);
                                    ``(V) Executive Order 13572 (50 
                                U.S.C. 1701 note; relating to blocking 
                                property of certain persons with 
                                respect to human rights abuses in 
                                Syria);
                                    ``(VI) Executive Order 13460 (50 
                                U.S.C. 1701 note; relating to blocking 
                                property of additional persons in 
                                connection with the national emergency 
                                with respect to Syria);
                                    ``(VII) Executive Order 13399 (50 
                                U.S.C. 1701 note; relating to blocking 
                                property of additional persons in 
                                connection with the national emergency 
                                with respect to Syria);
                                    ``(VIII) Executive Order 13338 (50 
                                U.S.C. 1701 note; relating to blocking 
                                property of certain persons and 
                                prohibiting the export of certain goods 
                                to Syria); or
                                    ``(IX) any other Executive order 
                                adopted on or after the date of the 
                                enactment of the Iranian Revolutionary 
                                Guard Corps Economic Exclusion Act, to 
                                the extent that such Executive order 
                                imposes sanctions with respect to 
                                Syria; or
                            ``(v) a person acting on behalf of or at 
                        the direction of, or owned or controlled by, a 
                        person described in clauses (i) through 
                        (iv).''.
    (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 President shall block and prohibit all transactions in 
property and interests in property of the foreign 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.''.
    (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)--
                    (A) by striking ``(A)(i) determines'' and inserting 
                ``(A)(i)(I) determines'';
                    (B) by striking ``(ii) determines'' and inserting 
                ``(II) determines'';
                    (C) by striking ``(B) submits'' and inserting 
                ``(ii) submits'';
                    (D) by striking ``(i) identifies'' and inserting 
                ``(I) identifies'';
                    (E) by striking ``(ii) describes'' and inserting 
                ``(II) describes'';
                    (F) by striking ``(iii) sets forth'' and inserting 
                ``(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 identified 
                under subsection (a)(1) by reason of having engaged in 
                a significant transaction or transactions with, or 
                provided significant financial services or material 
                support to, an Iranian person described in subparagraph 
                (C)(iv) of that subsection, also certifies to the 
                appropriate congressional committees that Iran's 
                Revolutionary Guard Corps is significantly decreasing 
                provision of direct or indirect material support to the 
                Government of Syria or Hezbollah's operations in 
                Syria.''; and
            (2) in paragraph (2), by striking ``paragraph (1)(B)'' and 
        inserting ``paragraph (1)(A)(ii)''.
    (d) Waiver of Identifications and Designations.--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 inserting ``; 
        and''; and
            (5) by adding at the end the following:
            ``(2) with respect to a foreign person identified under 
        subsection (a)(1) by reason of having engaged in a significant 
        transaction or transactions with, or provided significant 
        financial services or material support to, an Iranian person 
        described in subparagraph (C)(iv) of that subsection, also 
        certifies to the appropriate congressional committees that 
        Iran's Revolutionary Guard Corps is significantly decreasing 
        provision of direct or indirect material support to the 
        Government of Syria or Hezbollah's operations in Syria.''.
    (e) Iranian Person Defined.--Section 302 of the Iran Threat 
Reduction and Syria Human Rights Act of 2012 (22 U.S.C. 8742) is 
amended by adding at the end the following:
    ``(g) Iranian Person Defined.--In this section, the term `Iranian 
person' means--
            ``(1) an individual who is a citizen or national of Iran; 
        and
            ``(2) an entity organized under the laws of Iran or 
        otherwise subject to the jurisdiction of the Government of 
        Iran.''.
    (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 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. 4. REPORTS ON CERTAIN IRANIAN PERSONS.

    (a) Statement of Policy.--It shall be the policy of the United 
States to fully implement and enforce sanctions against Iran's 
Revolutionary Guard Corps, including its officials, agents, and 
affiliates.
    (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 Iranian Revolutionary Guard Corps Economic Exclusion 
Act, and annually thereafter until the date that is 2 years after such 
date of enactment, the President shall submit to the appropriate 
congressional committees a report that contains the following:
            ``(1) A list of foreign persons listed on the Tehran Stock 
        Exchange 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 
        affiliates of Iran's Revolutionary Guard Corps, directly or 
        indirectly, owns or controls the foreign person.
            ``(2) 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 affiliates of Iran's Revolutionary Guard Corps, directly or 
        indirectly, owns or controls the foreign person.
            ``(3) A list of Iranian financial institutions that have a 
        valuation of more than $10,000,000 and, with respect to each 
        such Iranian financial institution, a determination of whether 
        or not--
                    ``(A) the institution has knowingly facilitated a 
                significant transaction directly or indirectly for, or 
                on behalf of, Iran's Revolutionary Guard Corps during 
                the 2-year period beginning on the date of the 
                enactment of the Iranian Revolutionary Guard Corps 
                Economic Exclusion Act; 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 
                institution.
    ``(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 person' means--
                    ``(A) an individual who is not a United States 
                person;
                    ``(B) a corporation, partnership, or other 
                nongovernmental entity that is not a United States 
                person; or
                    ``(C) any representative, agent, or instrumentality 
                of, or an individual working on behalf of, a foreign 
                government.
            ``(2) Iran's revolutionary guard corps.--The term `Iran's 
        Revolutionary Guard Corps' includes 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' means--
                    ``(A) a financial institution organized under the 
                laws of Iran or any jurisdiction within Iran, including 
                a foreign branch of such an institution;
                    ``(B) a financial institution located in Iran;
                    ``(C) a financial institution, wherever located, 
                owned or controlled by the Government of Iran; or
                    ``(D) a financial institution, wherever located, 
                owned or controlled by a financial institution 
                described in subparagraph (A), (B), or (C).
            ``(4) Significant transaction.--A transaction shall be 
        determined to be a `significant transaction' in accordance with 
        section 561.404 of title 31, Code of Federal Regulations.

``SEC. 314. REPORT ON THE FOREIGN SUPPLY CHAIN AND DOMESTIC SUPPLY 
              CHAIN INSIDE AND OUTSIDE OF IRAN THAT AIDS IRAN'S 
              REVOLUTIONARY GUARD CORPS.

    ``(a) In General.--Not later than 180 days after the date of the 
enactment of the Iranian Revolutionary Guard Corps Economic Exclusion 
Act, the President shall submit a report on the foreign supply chain 
and domestic supply chain inside and outside of Iran that directly or 
indirectly significantly facilitates, supports, or otherwise aids 
Iran's Revolutionary Guard Corps to--
            ``(1) the Committee on Foreign Affairs and the Committee on 
        Financial Services of the House of Representatives; and
            ``(2) the Committee on Foreign Relations and the Committee 
        on Banking, Housing, and Urban Affairs of the Senate.
    ``(b) Matters To Be Included.--The report required under subsection 
(a) shall include the following:
            ``(1) An analysis of the foreign supply chain and domestic 
        supply chain described in subsection (a).
            ``(2) Persons that conduct both primary activities and 
        support activities for the Iran's Revolutionary Guards Corps.
            ``(3) A description of the geographic distribution of the 
        foreign supply chain and domestic supply chain described in 
        subsection (a).
    ``(c) Form.--The report required under subsection (a) shall be 
submitted in unclassified form but may contain a classified annex.''.
    (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 relating to section 312 the following:

``Sec. 313. Report on certain Iranian persons.
``Sec. 314. Report on the foreign supply chain and domestic supply 
                            chain inside and outside of Iran that aids 
                            Iran's Revolutionary Guard Corps.''.

SEC. 5. APPLICATION OF SANCTIONS REGARDING MAHAN AIR.

    (a) 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), as amended by section 4, is further amended by adding at 
the end the following:

``SEC. 315. APPLICATION OF SANCTIONS REGARDING MAHAN AIR.

    ``(a) Findings.--Congress finds the following:
            ``(1) Mahan Air was added on October 12, 2011, to the list 
        of specially designated nationals and blocked persons 
        maintained by the Office of Foreign Assets Control of the 
        Department of the Treasury, freezing its assets under United 
        States jurisdiction and prohibiting transactions with United 
        States parties, pursuant to Executive Order 13224 (50 U.S.C. 
        1701 note; relating to blocking property and prohibiting 
        transactions with persons who commit, threaten to commit, or 
        support terrorism), which targets terrorists and their 
        supporters.
            ``(2) Executive Order 13224 imposes sanctions on persons 
        determined to have committed acts of terrorism and persons that 
        `assist in, sponsor, or provide financial, material, or 
        technological support for, or financial or other services to or 
        in support of . . . acts of terrorism'.
            ``(3) In announcing additional sanctions against Mahan Air 
        on March 24, 2016, the Department of the Treasury stated that 
        `Based in Tehran, Iran, Mahan Air has facilitated [Islamic 
        Revolutionary Guards Corps--Qods Force] transportation and arms 
        and funds shipments. Mahan Air also continues to support the 
        Iranian government's destabilizing actions in the region by 
        conducting flights to Syria in order to transport fighters. 
        Mahan Air regularly uses the same aircraft it flies to Syria to 
        fly commercial passenger routes to international destinations 
        in Europe, the Middle East, and Asia.'.
            ``(4) Mahan Air reportedly serves the following 
        destinations in Iran: Abadan Airport, Ahvaz International 
        Airport, Ardabil Airport, Persian Gulf Airport, Bandar Abbas 
        International Airport, Birjand International Airport, Bojnord 
        International Airport, Iranshahr Airport, Isfahan International 
        Airport, Kalaleh Airport, Kerman Airport, Shahid Ashrafi 
        Esffahani Airport, Khorramabad Airport, Kish Airport, Larestan 
        International Airport, Mashhad International Airport, Queshm 
        International Airport, Sahahdaj Airport, Dasht-e Naz Airport, 
        Shiraz International Airport, Sirjan Airport, Tabriz 
        International Airport, Tehran Imam Khomeini International 
        Airport, Mehrabad International Airport, Zabol Airport, Zahedan 
        International Airport, and Zanjan Airport.
            ``(5) Iranian state-owned enterprises, including the Iran 
        Airports Company, which is the holding and operating company 
        for civilian airports in Iran, reportedly facilitate Mahan 
        Air's operations.
    ``(b) Report.--
            ``(1) In general.--Not later than 90 days after the date of 
        the enactment of the Iranian Revolutionary Guard Corps Economic 
        Exclusion Act, the President shall transmit to the appropriate 
        congressional committees a report on any activities of Iranian 
        state-owned enterprises that engage in activities subject to 
        sanctions under Executive Order 13224.
            ``(2) Form.--The determination required by paragraph (1) 
        shall be submitted in unclassified form but may contain a 
        classified annex.''.
    (b) Clerical Amendment.--The table of contents for the Iran Threat 
Reduction and Syria Human Rights Act of 2012, as amended by section 4, 
is further amended by inserting after the item relating to section 314 
the following:

``Sec. 315. Application of sanctions regarding Mahan Air.''.

SEC. 6. STATEMENT OF POLICY ON PREVENTION OF ACCESSION OF IRAN TO WORLD 
              TRADE ORGANIZATION.

    (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 
provisions of law described in subsection (b) is rescinded.
    (b) Provisions of Law Described.--The provisions of law described 
in this subsection are--
            (1) section 1754(c)(1)(A)(i) of the Export Control Reform 
        Act of 2018 (subtitle B of title XVII of Public Law 115-232);
            (2) section 620A(a) of the Foreign Assistance Act of 1961 
        (22 U.S.C. 2371(a));
            (3) section 40(d) of the Arms Export Control Act (22 U.S.C. 
        2780(d)); or
            (4) any other provision of law.

SEC. 7. EXCEPTION RELATING TO IMPORTATION OF GOODS.

    The authorities and requirements to impose or waive sanctions under 
this Act and the amendments made by this Act shall not include the 
authority or a requirement to impose or waive sanctions on the 
importation of goods.
                                 <all>