Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010
PL 111-195 (H.R.2194), enacted 07/01/2010

124 STAT. 1312 
PUBLIC LAW 111–195—JULY 1, 2010 
Public Law 111–195 
111th Congress 
An Act 
To amend the Iran Sanctions Act of 1996 to enhance United States diplomatic 
efforts with respect to Iran by expanding economic sanctions against Iran. 
Be it enacted by the Senate and House of Representatives 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 ‘‘Comprehensive 
Iran Sanctions, Accountability, and Divestment Act of 2010’’. 
(b) TABLE OF CONTENTS.—The table of contents for this Act 
is as follows: 
Sec. 1. Short title; table of contents. 
Sec. 2. Findings. 
Sec. 3. Sense of Congress regarding the need to impose additional sanctions with 
respect to Iran. 
TITLE I—SANCTIONS 
Sec. 101. Definitions. 
Sec. 102. Expansion of sanctions under the Iran Sanctions Act of 1996. 
Sec. 103. Economic sanctions relating to Iran. 
Sec. 104. Mandatory sanctions with respect to financial institutions that engage in 
certain transactions. 
Sec. 105. Imposition of sanctions on certain persons who are responsible for or 
complicit in human rights abuses committed against citizens of Iran or 
their family members after the June 12, 2009, elections in Iran. 
Sec. 106. Prohibition on procurement contracts with persons that export sensitive 
technology to Iran. 
Sec. 107. Harmonization of criminal penalties for violations of sanctions. 
Sec. 108. Authority to implement United Nations Security Council resolutions im-
posing sanctions with respect to Iran. 
Sec. 109. Increased capacity for efforts to combat unlawful or terrorist financing. 
Sec. 110. Reports on investments in the energy sector of Iran. 
Sec. 111. Reports on certain activities of foreign export credit agencies and of the 
Export-Import Bank of the United States. 
Sec. 112. Sense of Congress regarding Iran’s Revolutionary Guard Corps and its af-
filiates. 
Sec. 113. Sense of Congress regarding Iran and Hezbollah. 
Sec. 114. Sense of Congress regarding the imposition of multilateral sanctions with 
respect to Iran. 
Sec. 115. Report on providing compensation for victims of international terrorism. 
TITLE II—DIVESTMENT FROM CERTAIN COMPANIES THAT INVEST IN IRAN 
Sec. 201. Definitions. 
Sec. 202. Authority of State and local governments to divest from certain compa-
nies that invest in Iran. 
Sec. 203. Safe harbor for changes of investment policies by asset managers. 
Sec. 204. Sense of Congress regarding certain ERISA plan investments. 
Sec. 205. Technical corrections to Sudan Accountability and Divestment Act of 
2007. 
TITLE III—PREVENTION OF DIVERSION OF CERTAIN GOODS, SERVICES, 
AND TECHNOLOGIES TO IRAN 
Sec. 301. Definitions. 
22 USC 8501 
note. 
Comprehensive 
Iran Sanctions, 
Accountability, 
and Divestment 
Act of 2010. 
July 1, 2010 
[H.R. 2194] 
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124 STAT. 1313 
PUBLIC LAW 111–195—JULY 1, 2010 
Sec. 302. Identification of countries of concern with respect to the diversion of cer-
tain goods, services, and technologies to or through Iran. 
Sec. 303. Destinations of Diversion Concern. 
Sec. 304. Report on expanding diversion concern system to address the diversion of 
United States origin goods, services, and technologies to certain coun-
tries other than Iran. 
Sec. 305. Enforcement authority. 
TITLE IV—GENERAL PROVISIONS 
Sec. 401. General provisions. 
Sec. 402. Determination of budgetary effects. 
SEC. 2. FINDINGS. 
Congress makes the following findings: 
(1) The illicit nuclear activities of the Government of Iran, 
combined with its development of unconventional weapons and 
ballistic missiles and its support for international terrorism, 
represent a threat to the security of the United States, its 
strong ally Israel, and other allies of the United States around 
the world. 
(2) The United States and other responsible countries have 
a vital interest in working together to prevent the Government 
of Iran from acquiring a nuclear weapons capability. 
(3) The International Atomic Energy Agency has repeatedly 
called attention to Iran’s illicit nuclear activities and, as a 
result, the United Nations Security Council has adopted a 
range of sanctions designed to encourage the Government of 
Iran to suspend those activities and comply with its obligations 
under the Treaty on the Non-Proliferation of Nuclear Weapons, 
done at Washington, London, and Moscow July 1, 1968, and 
entered into force March 5, 1970 (commonly known as the 
‘‘Nuclear Non-Proliferation Treaty’’). 
(4) The serious and urgent nature of the threat from Iran 
demands that the United States work together with its allies 
to do everything possible—diplomatically, politically, and 
economically—to prevent Iran from acquiring a nuclear 
weapons capability. 
(5) The United States and its major European allies, 
including the United Kingdom, France, and Germany, have 
advocated that sanctions be strengthened should international 
diplomatic efforts fail to achieve verifiable suspension of Iran’s 
uranium enrichment program and an end to its nuclear 
weapons program and other illicit nuclear activities. 
(6) The Government of Iran continues to engage in serious, 
systematic, and ongoing violations of human rights, including 
suppression of freedom of expression and religious freedom, 
illegitimately prolonged detention, torture, and executions. Such 
violations have increased in the aftermath of the fraudulent 
presidential election in Iran on June 12, 2009. 
(7) The Government of Iran has been unresponsive to Presi-
dent Obama’s unprecedented and serious efforts at engagement, 
revealing that the Government of Iran is not interested in 
a diplomatic resolution, as made clear, for example, by the 
following: 
(A) Iran’s apparent rejection of the Tehran Research 
Reactor plan, generously offered by the United States and 
its partners, of potentially great benefit to the people of 
Iran, and endorsed by Iran’s own negotiators in October 
2009. 
22 USC 8501. 
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124 STAT. 1314 
PUBLIC LAW 111–195—JULY 1, 2010 
(B) Iran’s ongoing clandestine nuclear program, as evi-
denced by its work on the secret uranium enrichment 
facility at Qom, its subsequent refusal to cooperate fully 
with inspectors from the International Atomic Energy 
Agency, and its announcement that it would build 10 new 
uranium enrichment facilities. 
(C) Iran’s official notification to the International 
Atomic Energy Agency that it would enrich uranium to 
the 20 percent level, followed soon thereafter by its pro-
viding to that Agency a laboratory result showing that 
Iran had indeed enriched some uranium to 19.8 percent. 
(D) A February 18, 2010, report by the International 
Atomic Energy Agency expressing ‘‘concerns about the pos-
sible existence in Iran of past or current undisclosed activi-
ties related to the development of a nuclear payload for 
a missile. These alleged activities consist of a number 
of projects and sub-projects, covering nuclear and missile 
related aspects, run by military-related organizations.’’. 
(E) A May 31, 2010, report by the International Atomic 
Energy Agency expressing continuing strong concerns 
about Iran’s lack of cooperation with the Agency’s 
verification efforts and Iran’s ongoing enrichment activities, 
which are contrary to the longstanding demands of the 
Agency and the United Nations Security Council. 
(F) Iran’s announcement in April 2010 that it had 
developed a new, faster generation of centrifuges for 
enriching uranium. 
(G) Iran’s ongoing arms exports to, and support for, 
terrorists in direct contravention of United Nations Secu-
rity Council resolutions. 
(H) Iran’s July 31, 2009, arrest of 3 young citizens 
of the United States on spying charges. 
(8) There is an increasing interest by State governments, 
local governments, educational institutions, and private institu-
tions, business firms, and other investors to disassociate them-
selves from companies that conduct business activities in the 
energy sector of Iran, since such business activities may directly 
or indirectly support the efforts of the Government of Iran 
to achieve a nuclear weapons capability. 
(9) Black market proliferation networks continue to flourish 
in the Middle East, allowing countries like Iran to gain access 
to sensitive dual-use technologies. 
(10) Economic sanctions imposed pursuant to the provisions 
of this Act, the Iran Sanctions Act of 1996, as amended by 
this Act, and the International Emergency Economic Powers 
Act (50 U.S.C. 1701 et seq.), and other authorities available 
to the United States to impose economic sanctions to prevent 
Iran from developing nuclear weapons, are necessary to protect 
the essential security interests of the United States. 
SEC. 3. SENSE OF CONGRESS REGARDING THE NEED TO IMPOSE ADDI-
TIONAL SANCTIONS WITH RESPECT TO IRAN. 
It is the sense of Congress that— 
(1) international diplomatic efforts to address Iran’s illicit 
nuclear efforts and support for international terrorism are more 
likely to be effective if strong additional sanctions are imposed 
on the Government of Iran; 
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124 STAT. 1315 
PUBLIC LAW 111–195—JULY 1, 2010 
(2) the concerns of the United States regarding Iran are 
strictly the result of the actions of the Government of Iran; 
(3) the revelation in September 2009 that Iran is developing 
a secret uranium enrichment site on a base of Iran’s Revolu-
tionary Guard Corps near Qom, which appears to have no 
civilian application, highlights the urgency that Iran— 
(A) disclose the full nature of its nuclear program, 
including any other secret locations; and 
(B) provide the International Atomic Energy Agency 
unfettered access to its facilities pursuant to Iran’s legal 
obligations under the Treaty on the Non-Proliferation of 
Nuclear Weapons, done at Washington, London, and 
Moscow July 1, 1968, and entered into force March 5, 
1970 (commonly known as the ‘‘Nuclear Non-Proliferation 
Treaty’’) and Iran’s safeguards agreement with the Inter-
national Atomic Energy Agency; 
(4) because of the involvement of Iran’s Revolutionary 
Guard Corps in Iran’s nuclear program, international terrorism, 
and domestic human rights abuses, the President should impose 
the full range of applicable sanctions on— 
(A) any individual or entity that is an agent, alias, 
front, instrumentality, representative, official, or affiliate 
of Iran’s Revolutionary Guard Corps; and 
(B) any individual or entity that has conducted any 
commercial transaction or financial transaction with an 
individual or entity described in subparagraph (A); 
(5) additional measures should be adopted by the United 
States to prevent the diversion of sensitive dual-use tech-
nologies to Iran; 
(6) the President should— 
(A) continue to urge the Government of Iran to respect 
the internationally recognized human rights and religious 
freedoms of its citizens; 
(B) identify the officials of the Government of Iran 
and other individuals who are responsible for continuing 
and severe violations of human rights and religious freedom 
in Iran; and 
(C) take appropriate measures to respond to such viola-
tions, including by— 
(i) prohibiting officials and other individuals the 
President identifies as being responsible for such viola-
tions from entry into the United States; and 
(ii) freezing the assets of the officials and other 
individuals described in clause (i); 
(7) additional funding should be provided to the Secretary 
of State to document, collect, and disseminate information about 
human rights abuses in Iran, including serious abuses that 
have taken place since the presidential election in Iran on 
June 12, 2009; 
(8) with respect to nongovernmental organizations based 
in the United States— 
(A) many of such organizations are essential to pro-
moting human rights and humanitarian goals around the 
world; 
(B) it is in the national interest of the United States 
to allow responsible nongovernmental organizations based 
in the United States to establish and carry out operations 
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124 STAT. 1316 
PUBLIC LAW 111–195—JULY 1, 2010 
in Iran to promote civil society and foster humanitarian 
goodwill among the people of Iran; and 
(C) the United States should ensure that the organiza-
tions described in subparagraph (B) are not unnecessarily 
hindered from working in Iran to provide humanitarian, 
human rights, and people-to-people assistance, as appro-
priate, to the people of Iran; 
(9) the United States should not issue a license pursuant 
to an agreement for cooperation (as defined in section 11 b. 
of the Atomic Energy Act of 1954 (42 U.S.C. 2014(b))) for 
the export of nuclear material, facilities, components, or other 
goods, services, or technology that are or would be subject 
to such an agreement to a country that is providing similar 
nuclear material, facilities, components, or other goods, serv-
ices, or technology to another country that is not in full compli-
ance with its obligations under the Nuclear Non-Proliferation 
Treaty, including its obligations under the safeguards agree-
ment between that country and the International Atomic 
Energy Agency, unless the President determines that the provi-
sion of such similar nuclear material, facilities, components, 
or other goods, services, or technology to such other country 
does not undermine the nonproliferation policies and objectives 
of the United States; and 
(10) the people of the United States— 
(A) have feelings of friendship for the people of Iran; 
(B) regret that developments in recent decades have 
created impediments to that friendship; and 
(C) hold the people of Iran, their culture, and their 
ancient and rich history in the highest esteem. 
TITLE I—SANCTIONS 
SEC. 101. DEFINITIONS. 
In this title: 
(1) AGRICULTURAL
COMMODITY.—The term ‘‘agricultural 
commodity’’ has the meaning given that term in section 102 
of the Agricultural Trade Act of 1978 (7 U.S.C. 5602). 
(2) APPROPRIATE CONGRESSIONAL COMMITTEES.—The term 
‘‘appropriate congressional committees’’ 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), as amended by 
section 102 of this Act. 
(3) EXECUTIVE AGENCY.—The term ‘‘executive agency’’ has 
the meaning given that term in section 4 of the Office of 
Federal Procurement Policy Act (41 U.S.C. 403). 
(4) FAMILY MEMBER.—The term ‘‘family member’’ means, 
with respect to an individual, a spouse, child, parent, sibling, 
grandchild, or grandparent of the individual. 
(5) IRANIAN DIPLOMATS AND REPRESENTATIVES OF OTHER 
GOVERNMENT AND MILITARY OR QUASI-GOVERNMENTAL INSTITU-
TIONS OF IRAN.—The term ‘‘Iranian diplomat or representative 
of another government or military or quasi-governmental 
institution of Iran’’ means any of the Iranian diplomats and 
representatives of other government and military or quasi- 
governmental institutions of Iran (as that term is defined in 
22 USC 8511. 
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124 STAT. 1317 
PUBLIC LAW 111–195—JULY 1, 2010 
section 14 of the Iran Sanctions Act of 1996 (Public Law 104– 
172; 50 U.S.C. 1701 note)). 
(6) KNOWINGLY.—The term ‘‘knowingly’’, with respect to 
conduct, a circumstance, or a result, means that a person 
has actual knowledge, or should have known, of the conduct, 
the circumstance, or the result. 
(7) MEDICAL DEVICE.—The term ‘‘medical device’’ has the 
meaning given the term ‘‘device’’ in section 201 of the Federal 
Food, Drug, and Cosmetic Act (21 U.S.C. 321). 
(8) 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). 
(9) STATE.—The term ‘‘State’’ means each of the several 
States, the District of Columbia, the Commonwealth of Puerto 
Rico, the Commonwealth of the Northern Mariana Islands, 
American Samoa, Guam, the United States Virgin Islands, 
and any other territory or possession of the United States. 
(10) UNITED STATES PERSON.—The term ‘‘United States per-
son’’ means— 
(A) a natural person who is a citizen or resident of 
the United States or a national of the United States (as 
defined in section 101(a) of the Immigration and Nation-
ality Act (8 U.S.C. 1101(a)); and 
(B) an entity that is organized under the laws of the 
United States or any State. 
SEC. 102. EXPANSION OF SANCTIONS UNDER THE IRAN SANCTIONS 
ACT OF 1996. 
(a) IN GENERAL.—Section 5 of the Iran Sanctions Act of 1996 
(Public Law 104–172; 50 U.S.C. 1701 note) is amended— 
(1) by striking subsection (a) and inserting the following: 
‘‘(a) SANCTIONS WITH RESPECT TO THE DEVELOPMENT OF PETRO-
LEUM RESOURCES OF IRAN, PRODUCTION OF REFINED PETROLEUM 
PRODUCTS
IN IRAN, AND EXPORTATION
OF REFINED PETROLEUM 
PRODUCTS TO IRAN.— 
‘‘(1) DEVELOPMENT OF PETROLEUM RESOURCES OF IRAN.— 
‘‘(A) IN GENERAL.—Except as provided in subsection 
(f), the President shall impose 3 or more of the sanctions 
described in section 6(a) with respect to a person if the 
President determines that the person knowingly, on or 
after the date of the enactment of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010— 
‘‘(i) makes an investment described in subpara-
graph (B) of $20,000,000 or more; or 
‘‘(ii) makes a combination of investments described 
in subparagraph (B) in a 12-month period if each such 
investment is of at least $5,000,000 and such invest-
ments equal or exceed $20,000,000 in the aggregate. 
‘‘(B) 
INVESTMENT
DESCRIBED.—An 
investment 
described in this subparagraph is an investment that 
directly and significantly contributes to the enhancement 
of Iran’s ability to develop petroleum resources. 
‘‘(2) PRODUCTION OF REFINED PETROLEUM PRODUCTS.— 
‘‘(A) IN GENERAL.—Except as provided in subsection 
(f), the President shall impose 3 or more of the sanctions 
described in section 6(a) with respect to a person if the 
President determines that the person knowingly, on or 
President. 
Determinations. 
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124 STAT. 1318 
PUBLIC LAW 111–195—JULY 1, 2010 
after the date of the enactment of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010, 
sells, leases, or provides to Iran goods, services, technology, 
information, or support described in subparagraph (B)— 
‘‘(i) any of which has a fair market value of 
$1,000,000 or more; or 
‘‘(ii) that, during a 12-month period, have an aggre-
gate fair market value of $5,000,000 or more. 
‘‘(B) GOODS, SERVICES, TECHNOLOGY, INFORMATION, OR 
SUPPORT DESCRIBED.—Goods, services, technology, informa-
tion, or support described in this subparagraph are goods, 
services, technology, information, or support that could 
directly and significantly facilitate the maintenance or 
expansion of Iran’s domestic production of refined petro-
leum products, including any direct and significant assist-
ance with respect to the construction, modernization, or 
repair of petroleum refineries. 
‘‘(3) EXPORTATION OF REFINED PETROLEUM PRODUCTS TO 
IRAN.— 
‘‘(A) IN GENERAL.—Except as provided in subsection 
(f), the President shall impose 3 or more of the sanctions 
described in section 6(a) with respect to a person if the 
President determines that the person knowingly, on or 
after the date of the enactment of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010— 
‘‘(i) sells or provides to Iran refined petroleum 
products— 
‘‘(I) that have a fair market value of $1,000,000 
or more; or 
‘‘(II) that, during a 12-month period, have an 
aggregate fair market value of $5,000,000 or more; 
or 
‘‘(ii) sells, leases, or provides to Iran goods, serv-
ices, technology, information, or support described in 
subparagraph (B)— 
‘‘(I) any of which has a fair market value of 
$1,000,000 or more; or 
‘‘(II) that, during a 12-month period, have an 
aggregate fair market value of $5,000,000 or more. 
‘‘(B) GOODS, SERVICES, TECHNOLOGY, INFORMATION, OR 
SUPPORT DESCRIBED.—Goods, services, technology, informa-
tion, or support described in this subparagraph are goods, 
services, technology, information, or support that could 
directly and significantly contribute to the enhancement 
of Iran’s ability to import refined petroleum products, 
including— 
‘‘(i) except as provided in subparagraph (C), under-
writing or entering into a contract to provide insurance 
or reinsurance for the sale, lease, or provision of such 
goods, services, technology, information, or support; 
‘‘(ii) financing or brokering such sale, lease, or 
provision; or 
‘‘(iii) providing ships or shipping services to deliver 
refined petroleum products to Iran. 
‘‘(C) EXCEPTION
FOR
UNDERWRITERS
AND
INSURANCE 
PROVIDERS EXERCISING DUE DILIGENCE.—The President may 
not impose sanctions under this paragraph with respect 
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124 STAT. 1319 
PUBLIC LAW 111–195—JULY 1, 2010 
to a person that provides underwriting services or insur-
ance or reinsurance if the President determines that the 
person has exercised due diligence in establishing and 
enforcing official policies, procedures, and controls to ensure 
that the person does not underwrite or enter into a contract 
to provide insurance or reinsurance for the sale, lease, 
or provision of goods, services, technology, information, or 
support described in subparagraph (B).’’; 
(2) in subsection (b)— 
(A) by redesignating paragraphs (1) and (2) as subpara-
graphs (A) and (B), respectively, and moving such subpara-
graphs, as so redesignated, 2 ems to the right; 
(B) by striking ‘‘The President shall impose’’ and 
inserting the following: 
‘‘(1) IN GENERAL.—The President shall impose’’; and 
(C) in paragraph (1), as redesignated by subparagraph 
(B) of this paragraph, by striking ‘‘two or more’’ and all 
that follows through ‘‘of this Act’’ and inserting ‘‘3 or more 
of the sanctions described in section 6(a) if the President 
determines that a person has, on or after the date of 
the enactment of the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010’’; and 
(D) by adding at the end the following: 
‘‘(2) ADDITIONAL
MANDATORY
SANCTIONS
RELATING
TO 
TRANSFER OF NUCLEAR TECHNOLOGY.— 
‘‘(A) IN
GENERAL.—Except as provided in subpara-
graphs (B) and (C), in any case in which a person is 
subject to sanctions under paragraph (1) because of an 
activity described in that paragraph that relates to the 
acquisition or development of nuclear weapons or related 
technology or of missiles or advanced conventional weapons 
that are designed or modified to deliver a nuclear weapon, 
no license may be issued for the export, and no approval 
may be given for the transfer or retransfer, directly or 
indirectly, to the country the government of which has 
primary jurisdiction over the person, of any nuclear mate-
rial, facilities, components, or other goods, services, or tech-
nology that are or would be subject to an agreement for 
cooperation between the United States and that govern-
ment. 
‘‘(B) EXCEPTION.—The sanctions described in subpara-
graph (A) shall not apply with respect to a country the 
government of which has primary jurisdiction over a person 
that engages in an activity described in that subparagraph 
if the President determines and notifies the appropriate 
congressional committees that the government of the 
country— 
‘‘(i) does not know or have reason to know about 
the activity; or 
‘‘(ii) has taken, or is taking, all reasonable steps 
necessary to prevent a recurrence of the activity and 
to penalize the person for the activity. 
‘‘(C) INDIVIDUAL APPROVAL.—Notwithstanding subpara-
graph (A), the President may, on a case-by-case basis, 
approve the issuance of a license for the export, or approve 
the transfer or retransfer, of any nuclear material, facili-
ties, components, or other goods, services, or technology 
Notification. 
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124 STAT. 1320 
PUBLIC LAW 111–195—JULY 1, 2010 
that are or would be subject to an agreement for coopera-
tion, to a person in a country to which subparagraph (A) 
applies (other than a person that is subject to the sanctions 
under paragraph (1)) if the President— 
‘‘(i) determines that such approval is vital to the 
national security interests of the United States; and 
‘‘(ii) not later than 15 days before issuing such 
license or approving such transfer or retransfer, sub-
mits to the Committee on Foreign Affairs of the House 
of Representatives and the Committee on Foreign Rela-
tions of the Senate the justification for approving such 
license, transfer, or retransfer. 
‘‘(D) CONSTRUCTION.—The restrictions in subparagraph 
(A) shall apply in addition to all other applicable proce-
dures, requirements, and restrictions contained in the 
Atomic Energy Act of 1954 and other related laws. 
‘‘(E) DEFINITION.—In this paragraph, the term ‘agree-
ment for cooperation’ has the meaning given that term 
in section 11 b. of the Atomic Energy Act of 1954 (42 
U.S.C. 2014(b)). 
‘‘(F) APPLICABILITY.—The sanctions under subpara-
graph (A) shall apply only in a case in which a person 
is subject to sanctions under paragraph (1) because of 
an activity described in that paragraph in which the person 
engages on or after the date of the enactment of the Com-
prehensive Iran Sanctions, Accountability, and Divestment 
Act of 2010.’’; 
(3) in subsection (c)— 
(A) by striking ‘‘(b)’’ each place it appears and inserting 
‘‘(b)(1)’’; and 
(B) by striking paragraph (2) and inserting the fol-
lowing: 
‘‘(2) any person that— 
‘‘(A) is a successor entity to the person referred to 
in paragraph (1); 
‘‘(B) owns or controls the person referred to in para-
graph (1), if the person that owns or controls the person 
referred to in paragraph (1) had actual knowledge or should 
have known that the person referred to in paragraph (1) 
engaged in the activities referred to in that paragraph; 
or 
‘‘(C) is owned or controlled by, or under common owner-
ship or control with, the person referred to in paragraph 
(1), if the person owned or controlled by, or under common 
ownership or control with (as the case may be), the person 
referred to in paragraph (1) knowingly engaged in the 
activities referred to in that paragraph.’’; and 
(4) in subsection (f)— 
(A) in the matter preceding paragraph (1), by striking 
‘‘(b)’’ and inserting ‘‘(b)(1)’’; and 
(B) in paragraph (2), by striking ‘‘section 301(b)(1) of 
that Act (19 U.S.C. 2511(b)(1))’’ and inserting ‘‘section 
301(b) of that Act (19 U.S.C. 2511(b))’’. 
(b) DESCRIPTION
OF SANCTIONS.—Section 6 of such Act is 
amended— 
(1) by striking ‘‘The sanctions to be imposed’’ and inserting 
the following: 
50 USC 1701 
note. 
Applicability. 
Deadline. 
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124 STAT. 1321 
PUBLIC LAW 111–195—JULY 1, 2010 
‘‘(a) IN GENERAL.—The sanctions to be imposed’’; 
(2) in subsection (a), as redesignated by paragraph (1)— 
(A) by redesignating paragraph (6) as paragraph (9); 
and 
(B) by inserting after paragraph (5) the following: 
‘‘(6) FOREIGN
EXCHANGE.—The President may, pursuant 
to such regulations as the President may prescribe, prohibit 
any transactions in foreign exchange that are subject to the 
jurisdiction of the United States and in which the sanctioned 
person has any interest. 
‘‘(7) BANKING TRANSACTIONS.—The President may, pursu-
ant to such regulations as the President may prescribe, prohibit 
any transfers of credit or payments between financial institu-
tions or by, through, or to any financial institution, to the 
extent that such transfers or payments are subject to the juris-
diction of the United States and involve any interest of the 
sanctioned person. 
‘‘(8) PROPERTY TRANSACTIONS.—The President may, pursu-
ant to such regulations as the President may prescribe, prohibit 
any person from— 
‘‘(A) acquiring, holding, withholding, using, transfer-
ring, withdrawing, transporting, importing, or exporting 
any property that is subject to the jurisdiction of the United 
States and with respect to which the sanctioned person 
has any interest; 
‘‘(B) dealing in or exercising any right, power, or privi-
lege with respect to such property; or 
‘‘(C) conducting any transaction involving such prop-
erty.’’; and 
(3) by adding at the end the following: 
‘‘(b) ADDITIONAL MEASURE RELATING
TO GOVERNMENT CON-
TRACTS.— 
‘‘(1) MODIFICATION OF FEDERAL ACQUISITION REGULATION.— 
Not later than 90 days after the date of the enactment of 
the Comprehensive Iran Sanctions, Accountability, and Divest-
ment Act of 2010, the Federal Acquisition Regulation issued 
pursuant to section 25 of the Office of Federal Procurement 
Policy Act (41 U.S.C. 421) shall be revised to require a certifi-
cation from each person that is a prospective contractor that 
the person, and any person owned or controlled by the person, 
does not engage in any activity for which sanctions may be 
imposed under section 5. 
‘‘(2) REMEDIES.— 
‘‘(A) IN GENERAL.—If the head of an executive agency 
determines that a person has submitted a false certification 
under paragraph (1) on or after the date on which the 
revision of the Federal Acquisition Regulation required by 
this subsection becomes effective, the head of that executive 
agency shall terminate a contract with such person or 
debar or suspend such person from eligibility for Federal 
contracts for a period of not more than 3 years. Any such 
debarment or suspension shall be subject to the procedures 
that apply to debarment and suspension under the Federal 
Acquisition Regulation under subpart 9.4 of part 9 of title 
48, Code of Federal Regulations. 
Applicability. 
Deadline. 
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124 STAT. 1322 
PUBLIC LAW 111–195—JULY 1, 2010 
‘‘(B) INCLUSION ON LIST OF PARTIES EXCLUDED FROM 
FEDERAL
PROCUREMENT
AND
NONPROCUREMENT
PRO-
GRAMS.—The Administrator of General Services shall 
include on the List of Parties Excluded from Federal 
Procurement and Nonprocurement Programs maintained 
by the Administrator under part 9 of the Federal Acquisi-
tion Regulation issued pursuant to section 25 of the Office 
of Federal Procurement Policy Act (41 U.S.C. 421) each 
person that is debarred, suspended, or proposed for debar-
ment or suspension by the head of an executive agency 
on the basis of a determination of a false certification 
under subparagraph (A). 
‘‘(3) CLARIFICATION
REGARDING
CERTAIN
PRODUCTS.—The 
remedies set forth in paragraph (2) shall not apply with respect 
to the procurement of eligible products, as defined in section 
308(4) of the Trade Agreements Act of 1974 (19 U.S.C. 2518(4)), 
of any foreign country or instrumentality designated under 
section 301(b) of that Act (19 U.S.C. 2511(b)). 
‘‘(4) RULE OF CONSTRUCTION.—This subsection shall not 
be construed to limit the use of other remedies available to 
the head of an executive agency or any other official of the 
Federal Government on the basis of a determination of a false 
certification under paragraph (1). 
‘‘(5) WAIVERS.—The President may on a case-by-case basis 
waive the requirement that a person make a certification under 
paragraph (1) if the President determines and certifies in 
writing to the appropriate congressional committees, the Com-
mittee on Armed Services of the Senate, and the Committee 
on Armed Services of the House of Representatives, that it 
is in the national interest of the United States to do so. 
‘‘(6) EXECUTIVE AGENCY DEFINED.—In this subsection, the 
term ‘executive agency’ has the meaning given that term in 
section 4 of the Office of Federal Procurement Policy Act (41 
U.S.C. 403). 
‘‘(7) APPLICABILITY.—The revisions to the Federal Acquisi-
tion Regulation required under paragraph (1) shall apply with 
respect to contracts for which solicitations are issued on or 
after the date that is 90 days after the date of the enactment 
of the Comprehensive Iran Sanctions, Accountability, and 
Divestment Act of 2010.’’. 
(c) PRESIDENTIAL WAIVER.—Section 9 of such Act is amended— 
(1) in subsection (a), by striking ‘‘5(b)’’ each place it appears 
and inserting ‘‘5(b)(1)’’; and 
(2) in subsection (c)— 
(A) by striking ‘‘section 5(a) or (b)’’ each place it appears 
and inserting ‘‘section 5(a) or 5(b)(1)’’; 
(B) in paragraph (1), by striking ‘‘important to the 
national interest’’ and inserting ‘‘necessary to the national 
interest’’; and 
(C) in paragraph (2), by striking subparagraph (C) 
and inserting the following: 
‘‘(C) an estimate of the significance of the conduct 
of the person in contributing to the ability of Iran to, 
as the case may be— 
‘‘(i) develop petroleum resources, produce refined 
petroleum products, or import refined petroleum prod-
ucts; or 
50 USC 1701 
note. 
Certification. 
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124 STAT. 1323 
PUBLIC LAW 111–195—JULY 1, 2010 
‘‘(ii) acquire or develop— 
‘‘(I) chemical, biological, or nuclear weapons 
or related technologies; or 
‘‘(II) destabilizing numbers and types of 
advanced conventional weapons; and’’. 
(d) REPORTS ON GLOBAL TRADE RELATING TO IRAN.—Section 
10 of such Act is amended by adding at the end the following: 
‘‘(d) REPORTS ON GLOBAL TRADE RELATING TO IRAN.—Not later 
than 90 days after the date of the enactment of the Comprehensive 
Iran Sanctions, Accountability, and Divestment Act of 2010, and 
annually thereafter, the President shall submit to the appropriate 
congressional committees a report, with respect to the most recent 
12-month period for which data are available, on the dollar value 
amount of trade, including in the energy sector, between Iran 
and each country maintaining membership in the Group of 20 
Finance Ministers and Central Bank Governors.’’. 
(e) EXTENSION OF IRAN SANCTIONS ACT OF 1996.—Section 13(b) 
of such Act is amended by striking ‘‘December 31, 2011’’ and 
inserting ‘‘December 31, 2016’’. 
(f) CLARIFICATION
AND EXPANSION
OF DEFINITIONS.—Section 
14 of such Act is amended— 
(1) in paragraph (2), by striking ‘‘the Committee on Banking 
and Financial Services, and the Committee on International 
Relations’’ and inserting ‘‘the Committee on Financial Services, 
and the Committee on Foreign Affairs’’; 
(2) in paragraph (9), in the flush text following subpara-
graph (C), by striking ‘‘The term ‘investment’ does not include’’ 
and all that follows through ‘‘technology.’’; 
(3) by redesignating paragraphs (12), (13), (14), (15), and 
(16) as paragraphs (13), (14), (15), (17), and (18), respectively; 
(4) by inserting after paragraph (11) the following: 
‘‘(12) KNOWINGLY.—The term ‘knowingly’, with respect to 
conduct, a circumstance, or a result, means that a person 
has actual knowledge, or should have known, of the conduct, 
the circumstance, or the result.’’; 
(5) in paragraph (14), as redesignated by paragraph (3) 
of this subsection— 
(A) by redesignating subparagraphs (A), (B), and (C) 
as clauses (i), (ii), and (iii), respectively, and moving such 
clauses, as so redesignated, 2 ems to the right; 
(B) by striking ‘‘The term ‘person’ means—’’ and 
inserting the following: 
‘‘(A) IN GENERAL.—The term ‘person’ means—’’; 
(C) in subparagraph (A), as redesignated by this para-
graph— 
(i) in clause (ii), by inserting ‘‘financial institution, 
insurer, underwriter, guarantor, and any other busi-
ness organization,’’ after ‘‘trust,’’; and 
(ii) in clause (iii), by striking ‘‘subparagraph (B)’’ 
and inserting ‘‘clause (ii)’’; and 
(D) by adding at the end the following: 
‘‘(B) APPLICATION
TO
GOVERNMENTAL
ENTITIES.—The 
term ‘person’ does not include a government or govern-
mental entity that is not operating as a business enter-
prise.’’; 
(6) in paragraph (15), as redesignated by paragraph (3) 
of this subsection, by striking ‘‘petroleum and natural gas 
Definition. 
50 USC 1701 
note. 
50 USC 1701 
note. 
50 USC 1701 
note. 
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124 STAT. 1324 
PUBLIC LAW 111–195—JULY 1, 2010 
resources’’ and inserting ‘‘petroleum, refined petroleum prod-
ucts, oil or liquefied natural gas, natural gas resources, oil 
or liquefied natural gas tankers, and products used to construct 
or maintain pipelines used to transport oil or liquefied natural 
gas’’; and 
(7) by inserting after paragraph (15), as so redesignated, 
the following: 
‘‘(16) REFINED PETROLEUM PRODUCTS.—The term ‘refined 
petroleum products’ means diesel, gasoline, jet fuel (including 
naphtha-type and kerosene-type jet fuel), and aviation gaso-
line.’’. 
(g) WAIVER
FOR CERTAIN PERSONS
IN CERTAIN COUNTRIES; 
MANDATORY INVESTIGATIONS AND REPORTING; CONFORMING AMEND-
MENTS.—Section 4 of such Act is amended— 
(1) in subsection (b)(2), by striking ‘‘(in addition to that 
provided in subsection (d))’’; 
(2) in subsection (c)— 
(A) in paragraph (1)— 
(i) by striking ‘‘The President may’’ and inserting 
the following: 
‘‘(A) GENERAL WAIVER.—The President may’’; and 
(ii) by adding at the end the following: 
‘‘(B) WAIVER WITH RESPECT TO PERSONS IN COUNTRIES 
THAT COOPERATE IN MULTILATERAL EFFORTS WITH RESPECT 
TO IRAN.—The President may, on a case by case basis, 
waive for a period of not more than 12 months the applica-
tion of section 5(a) with respect to a person if the President, 
at least 30 days before the waiver is to take effect— 
‘‘(i) certifies to the appropriate congressional 
committees that— 
‘‘(I) the government with primary jurisdiction 
over the person is closely cooperating with the 
United States in multilateral efforts to prevent 
Iran from— 
‘‘(aa) acquiring or developing chemical, 
biological, or nuclear weapons or related tech-
nologies; or 
‘‘(bb) acquiring or developing destabilizing 
numbers and types of advanced conventional 
weapons; and 
‘‘(II) such a waiver is vital to the national 
security interests of the United States; and 
‘‘(ii) submits to the appropriate congressional 
committees a report identifying— 
‘‘(I) the person with respect to which the Presi-
dent waives the application of sanctions; and 
‘‘(II) the actions taken by the government 
described in clause (i)(I) to cooperate in multilat-
eral efforts described in that clause.’’; and 
(B) by striking paragraph (2) and inserting the fol-
lowing: 
‘‘(2) SUBSEQUENT RENEWAL OF WAIVER.—At the conclusion 
of the period of a waiver under subparagraph (A) or (B) of 
paragraph (1), the President may renew the waiver— 
‘‘(A) if the President determines, in accordance with 
subparagraph (A) or (B) of that paragraph (as the case 
may be), that the waiver is appropriate; and 
Certification. 
50 USC 1701 
note. 
Definition. 
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124 STAT. 1325 
PUBLIC LAW 111–195—JULY 1, 2010 
‘‘(B)(i) in the case of a waiver under subparagraph 
(A) of paragraph (1), for subsequent periods of not more 
than six months each; and 
‘‘(ii) in the case of a waiver under subparagraph (B) 
of paragraph (1), for subsequent periods of not more than 
12 months each.’’; 
(3) by striking subsection (d); 
(4) by redesignating subsections (e) and (f) as subsections 
(d) and (e), respectively; and 
(5) in subsection (e), as redesignated by paragraph (4) 
of this subsection— 
(A) in paragraph (1)— 
(i) by striking ‘‘should initiate’’ and inserting ‘‘shall 
initiate’’; and 
(ii) by striking ‘‘investment activity in Iran as’’ 
and inserting ‘‘an activity’’; 
(B) in paragraph (2)— 
(i) by striking ‘‘should determine’’ and inserting 
‘‘shall (unless paragraph (3) applies) determine’’; and 
(ii) by striking ‘‘investment activity in Iran as’’ 
and inserting ‘‘an activity’’; and 
(C) by adding at the end the following: 
‘‘(3) SPECIAL RULE.—The President need not initiate an 
investigation, and may terminate an investigation, under this 
subsection if the President certifies in writing to the appropriate 
congressional committees that— 
‘‘(A) the person whose activity was the basis for the 
investigation is no longer engaging in the activity or has 
taken significant verifiable steps toward stopping the 
activity; and 
‘‘(B) the President has received reliable assurances that 
the person will not knowingly engage in an activity 
described in section 5(a) in the future.’’. 
(h) EFFECTIVE DATE.— 
(1) IN GENERAL.—The amendments made by this section 
shall— 
(A) take effect on the date of the enactment of this 
Act; and 
(B) except as provided in this subsection or section 
6(b)(7) of the Iran Sanctions Act of 1996, as amended 
by subsection (b) of this section, apply with respect to 
an investment or activity described in subsection (a) or 
(b) of section 5 of the Iran Sanctions Act of 1996, as 
amended by this section, that is commenced on or after 
such date of enactment. 
(2) APPLICABILITY TO ONGOING INVESTMENTS PROHIBITED 
UNDER
PRIOR
LAW.—A person that makes an investment 
described in section 5(a) of the Iran Sanctions Act of 1996, 
as in effect on the day before the date of the enactment of 
this Act, that is commenced before such date of enactment 
and continues on or after such date of enactment, shall, except 
as provided in paragraph (4), be subject to the provisions of 
the Iran Sanctions Act of 1996, as in effect on the day before 
such date of enactment. 
(3) APPLICABILITY
TO
ONGOING
ACTIVITIES
RELATING
TO 
CHEMICAL, BIOLOGICAL, OR
NUCLEAR
WEAPONS
OR
RELATED 
50 USC 1701 
note. 
Certification. 
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124 STAT. 1326 
PUBLIC LAW 111–195—JULY 1, 2010 
TECHNOLOGIES.—A person that, before the date of the enact-
ment of this Act, commenced an activity described in section 
5(b) of the Iran Sanctions Act of 1996, as in effect on the 
day before such date of enactment, and continues the activity 
on or after such date of enactment, shall be subject to the 
provisions of the Iran Sanctions Act of 1996, as amended by 
this Act. 
(4) APPLICABILITY
OF
MANDATORY
INVESTIGATIONS
TO 
INVESTMENTS.—The amendments made by subsection (g)(5) of 
this section shall apply on and after the date of the enactment 
of this Act— 
(A) with respect to an investment described in section 
5(a)(1) of the Iran Sanctions Act of 1996, as amended 
by subsection (a) of this section, that is commenced on 
or after such date of enactment; and 
(B) with respect to an investment described in section 
5(a) of the Iran Sanctions Act of 1996, as in effect on 
the day before the date of the enactment of this Act, that 
is commenced before such date of enactment and continues 
on or after such date of enactment. 
(5) APPLICABILITY
OF
MANDATORY
INVESTIGATIONS
TO 
ACTIVITIES RELATING TO PETROLEUM.— 
(A) IN GENERAL.—Except as provided in subparagraph 
(B), the amendments made by subsection (g)(5) of this 
section shall apply on and after the date that is 1 year 
after the date of the enactment of this Act with respect 
to an activity described in paragraph (2) or (3) of section 
5(a) of the Iran Sanctions Act of 1996, as amended by 
subsection (a) of this section, that is commenced on or 
after the date that is 1 year after the date of the enactment 
of this Act or the date on which the President fails to 
submit a certification that is required under subparagraph 
(B) (whichever is applicable). 
(B) SPECIAL RULE FOR DELAY OF EFFECTIVE DATE.— 
(i) REPORTING REQUIREMENT.—Not later than 30 
days before the date that is 1 year after the date 
of the enactment of this Act, the President shall submit 
to the appropriate congressional committees a report 
describing— 
(I) the diplomatic and other efforts of the 
President— 
(aa) to dissuade foreign persons from 
engaging in activities described in paragraph 
(2) or (3) of section 5(a) of the Iran Sanctions 
Act of 1996, as amended by subsection (a) 
of this section; and 
(bb) to encourage other governments to 
dissuade persons over which those govern-
ments have jurisdiction from engaging in such 
activities; 
(II) the successes and failures of the efforts 
described in subclause (I); and 
(III) each investigation under section 4(e) of 
the Iran Sanctions Act of 1996, as amended by 
subsection (g)(5) of this section and as in effect 
pursuant to subparagraph (C) of this paragraph, 
or any other review of an activity described in 
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124 STAT. 1327 
PUBLIC LAW 111–195—JULY 1, 2010 
paragraph (2) or (3) of section 5(a) of the Iran 
Sanctions Act of 1996, as amended by subsection 
(a) of this section, that is initiated or ongoing 
during the period beginning on the date of the 
enactment of this Act and ending on the date 
on which the President is required to submit the 
report. 
(ii) CERTIFICATION.—If the President submits to 
the appropriate congressional committees, with the 
report required by clause (i), a certification that there 
was a substantial reduction in activities described in 
paragraphs (2) and (3) of section 5(a) of the Iran Sanc-
tions Act of 1996, as amended by subsection (a) of 
this section, during the period described in clause 
(i)(III), the effective date provided for in subparagraph 
(A) shall be delayed for a 180-day period beginning 
after the date provided for in that subparagraph. 
(iii) SUBSEQUENT REPORTS AND DELAYS.—The effec-
tive date provided for in subparagraph (A) shall be 
delayed for additional 180-day periods occurring after 
the end of the 180-day period provided for under clause 
(ii), if, not later than 30 days before the 180-day period 
preceding such additional 180-day period expires, the 
President submits to the appropriate congressional 
committees— 
(I) a report containing the matters required 
in the report under clause (i) for the period begin-
ning on the date on which the preceding report 
was required to be submitted under clause (i) or 
this clause (as the case may be) and ending on 
the date on which the President is required to 
submit the most recent report under this clause; 
and 
(II) a certification that, during the period 
described in subclause (I), there was (as compared 
to the period for which the preceding report was 
submitted under this subparagraph) a progressive 
reduction in activities described in paragraphs (2) 
and (3) of section 5(a) of the Iran Sanctions Act 
of 1996, as amended by subsection (a) of this sec-
tion. 
(iv) CONSEQUENCE OF FAILURE TO CERTIFY.—If the 
President does not make a certification at a time 
required by this subparagraph— 
(I) the amendments made by subsection (g)(5) 
of this section shall apply on and after the date 
on which the certification was required to be sub-
mitted by this subparagraph, with respect to an 
activity described in paragraph (2) or (3) of section 
5(a) of the Iran Sanctions Act of 1996, as amended 
by subsection (a) of this section, that— 
(aa) is referenced in the most recent report 
required to be submitted under this subpara-
graph; or 
(bb) is commenced on or after the date 
on which such most recent report is required 
to be submitted; and 
Time period. 
Time period. 
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124 STAT. 1328 
PUBLIC LAW 111–195—JULY 1, 2010 
(II) not later than 45 days after the date on 
which the certification was required to be sub-
mitted by this subparagraph, the President shall 
make a determination under paragraph (2) or (3) 
of section 5(a) of the Iran Sanctions Act of 1996 
(as the case may be), as amended by subsection 
(a) of this section, with respect to relevant activi-
ties described in subclause (I)(aa). 
(C) APPLICABILITY
OF
PERMISSIVE
INVESTIGATIONS.— 
During the 1-year period beginning on the date of the 
enactment of this Act and during any 180-day period during 
which the effective date provided for in subparagraph (A) 
is delayed pursuant to subparagraph (B), section 4(e) of 
the Iran Sanctions Act of 1996, as amended by subsection 
(g)(5) of this section, shall be applied, with respect to an 
activity described in paragraph (2) or (3) of section 5(a) 
of the Iran Sanctions Act of 1996, as amended by subsection 
(a) of this section, by substituting ‘‘should’’ for ‘‘shall’’ each 
place it appears. 
(6) WAIVER AUTHORITY.—The amendments made by sub-
section (c) shall not be construed to affect any exercise of 
the authority under section 9(c) of the Iran Sanctions Act 
of 1996, as in effect on the day before the date of the enactment 
of this Act. 
SEC. 103. ECONOMIC SANCTIONS RELATING TO IRAN. 
(a) IN GENERAL.—Notwithstanding section 101 of the Iran 
Freedom Support Act (Public Law 109–293; 120 Stat. 1344), and 
in addition to any other sanction in effect, beginning on the date 
that is 90 days after the date of the enactment of this Act, the 
economic sanctions described in subsection (b) shall apply with 
respect to Iran. 
(b) SANCTIONS.—The sanctions described in this subsection are 
the following: 
(1) PROHIBITION ON IMPORTS.— 
(A) IN GENERAL.—Except as provided in subparagraph 
(B), no good or service of Iranian origin may be imported 
directly or indirectly into the United States. 
(B) EXCEPTIONS.—The exceptions provided for in sec-
tion 203(b) of the International Emergency Economic 
Powers Act (50 U.S.C. 1702(b)), including the exception 
for information and informational materials, shall apply 
to the prohibition in subparagraph (A) of this paragraph 
to the same extent that such exceptions apply to the 
authority provided under section 203(a) of that Act. 
(2) PROHIBITION ON EXPORTS.— 
(A) IN GENERAL.—Except as provided in subparagraph 
(B), no good, service, or technology of United States origin 
may be exported to Iran from the United States or by 
a United States person, wherever located. 
(B) EXCEPTIONS.— 
(i) 
PERSONAL
COMMUNICATIONS; 
ARTICLES
TO 
RELIEVE
HUMAN
SUFFERING; 
INFORMATION
AND 
INFORMATIONAL MATERIALS; TRANSACTIONS INCIDENT TO 
TRAVEL.—The exceptions provided for in section 203(b) 
of the International Emergency Economic Powers Act 
(50 U.S.C. 1702(b)), including the exception for 
Applicability. 
Effective date. 
Applicability. 
22 USC 8512. 
Time periods. 
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124 STAT. 1329 
PUBLIC LAW 111–195—JULY 1, 2010 
information and informational materials, shall apply 
to the prohibition in subparagraph (A) of this para-
graph to the same extent that such exceptions apply 
to the authority provided under section 203(a) of that 
Act. 
(ii) FOOD; MEDICINE; HUMANITARIAN ASSISTANCE.— 
The prohibition in subparagraph (A) shall not apply 
to the exportation of— 
(I) agricultural commodities, food, medicine, 
or medical devices; or 
(II) articles exported to Iran to provide 
humanitarian assistance to the people of Iran. 
(iii) INTERNET COMMUNICATIONS.—The prohibition 
in subparagraph (A) shall not apply to the exportation 
of— 
(I) services incident to the exchange of per-
sonal communications over the Internet or soft-
ware necessary to enable such services, as provided 
for in section 560.540 of title 31, Code of Federal 
Regulations (or any corresponding similar regula-
tion or ruling); 
(II) hardware necessary to enable such serv-
ices; or 
(III) hardware, software, or technology nec-
essary for access to the Internet. 
(iv) GOODS, SERVICES, OR
TECHNOLOGIES
NEC-
ESSARY TO ENSURE THE SAFE OPERATION OF COMMER-
CIAL AIRCRAFT.—The prohibition in subparagraph (A) 
shall not apply to the exportation of goods, services, 
or technologies necessary to ensure the safe operation 
of commercial aircraft produced in the United States 
or commercial aircraft into which aircraft components 
produced in the United States are incorporated, if the 
exportation of such goods, services, or technologies is 
approved by the Secretary of the Treasury, in consulta-
tion with the Secretary of Commerce, pursuant to regu-
lations issued by the Secretary of the Treasury 
regarding the exportation of such goods, services, or 
technologies, if appropriate. 
(v) GOODS, SERVICES, OR TECHNOLOGIES EXPORTED 
TO
SUPPORT
INTERNATIONAL
ORGANIZATIONS.—The 
prohibition in subparagraph (A) shall not apply to the 
exportation of goods, services, or technologies that— 
(I) are provided to the International Atomic 
Energy Agency and are necessary to support activi-
ties of that Agency in Iran; or 
(II) are necessary to support activities, 
including 
the 
activities 
of 
nongovernmental 
organizations, relating to promoting democracy in 
Iran. 
(vi) EXPORTS
IN
THE
NATIONAL
INTEREST.—The 
prohibition in subparagraph (A) shall not apply to the 
exportation of goods, services, or technologies if the 
President determines the exportation of such goods, 
services, or technologies to be in the national interest 
of the United States. 
(3) FREEZING ASSETS.— 
President. 
President. 
Determination. 
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124 STAT. 1330 
PUBLIC LAW 111–195—JULY 1, 2010 
(A) IN GENERAL.—At such time as the President deter-
mines that a person in Iran, including an Iranian diplomat 
or representative of another government or military or 
quasi-governmental institution of Iran (including Iran’s 
Revolutionary Guard Corps and its affiliates), satisfies the 
criteria for designation with respect to the imposition of 
sanctions under the authority of the International Emer-
gency Economic Powers Act (50 U.S.C. 1701 et seq.), the 
President shall take such action as may be necessary to 
freeze, as soon as possible— 
(i) the funds and other assets belonging to that 
person; and 
(ii) any funds or other assets that person transfers, 
on or after the date on which the President determines 
the person satisfies such criteria, to any family member 
or associate acting for or on behalf of the person. 
(B) REPORTS TO THE OFFICE OF FOREIGN ASSETS CON-
TROL.—The action described in subparagraph (A) includes 
requiring any United States financial institution that holds 
funds or assets of a person described in that subparagraph 
or funds or assets that person transfers to a family member 
or associate described in that subparagraph to report 
promptly to the Office of Foreign Assets Control informa-
tion regarding such funds and assets. 
(C) REPORTS TO CONGRESS.—Not later than 14 days 
after a decision is made to freeze the funds or assets 
of any person under subparagraph (A), the President shall 
report the name of the person to the appropriate congres-
sional committees. Such a report may contain a classified 
annex. 
(D) TERMINATION.—The President shall release assets 
or funds frozen under subparagraph (A) if the person to 
which the assets or funds belong or the person that trans-
fers the assets or funds as described in subparagraph (A)(ii) 
(as the case may be) no longer satisfies the criteria for 
designation with respect to the imposition of sanctions 
under the authority of the International Emergency Eco-
nomic Powers Act (50 U.S.C. 1701 et seq.). 
(E) UNITED STATES FINANCIAL INSTITUTION DEFINED.— 
In this paragraph, the term ‘‘United States financial 
institution’’ means a financial institution (as defined in 
section 14 of the Iran Sanctions Act of 1996 (Public Law 
104–172; 50 U.S.C. 1701 note)) that is a United States 
person. 
(c) PENALTIES.—The penalties provided for in subsections (b) 
and (c) of section 206 of the International Emergency Economic 
Powers Act (50 U.S.C. 1705) shall apply to a person that violates, 
attempts to violate, conspires to violate, or causes a violation of 
this section or regulations prescribed under this section to the 
same extent that such penalties apply to a person that commits 
an unlawful act described in section 206(a) of that Act. 
(d) REGULATORY AUTHORITY.— 
(1) IN GENERAL.—The President shall prescribe regulations 
to carry out this section, which may include regulatory excep-
tions to the sanctions described in subsection (b). 
(2) APPLICABILITY OF CERTAIN REGULATIONS.—No exception 
to the prohibition under subsection (b)(1) may be made for 
Applicability. 
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124 STAT. 1331 
PUBLIC LAW 111–195—JULY 1, 2010 
the commercial importation of an Iranian origin good described 
in section 560.534(a) of title 31, Code of Federal Regulations 
(as in effect on the day before the date of the enactment 
of this Act), unless the President— 
(A) prescribes a regulation providing for such an excep-
tion on or after the date of the enactment of this Act; 
and 
(B) submits to the appropriate congressional commit-
tees— 
(i) a certification in writing that the exception 
is in the national interest of the United States; and 
(ii) a report describing the reasons for the excep-
tion. 
SEC. 104. MANDATORY SANCTIONS WITH RESPECT TO FINANCIAL 
INSTITUTIONS THAT ENGAGE IN CERTAIN TRANSACTIONS. 
(a) FINDINGS.—Congress makes the following findings: 
(1) The Financial Action Task Force is an intergovern-
mental body whose purpose is to develop and promote national 
and international policies to combat money laundering and 
terrorist financing. 
(2) Thirty-three countries, plus the European Commission 
and the Cooperation Council for the Arab States of the Gulf, 
belong to the Financial Action Task Force. The member coun-
tries of the Financial Action Task Force include the United 
States, Canada, most countries in western Europe, Russia, 
the People’s Republic of China, Japan, South Korea, Argentina, 
and Brazil. 
(3) In 2008 the Financial Action Task Force extended its 
mandate to include addressing ‘‘new and emerging threats such 
as proliferation financing’’, meaning the financing of the pro-
liferation of weapons of mass destruction, and published ‘‘guid-
ance papers’’ for members to assist them in implementing var-
ious United Nations Security Council resolutions dealing with 
weapons of mass destruction, including United Nations Security 
Council Resolutions 1737 (2006) and 1803 (2008), which deal 
specifically with proliferation by Iran. 
(4) The Financial Action Task Force has repeatedly called 
on members— 
(A) to advise financial institutions in their jurisdictions 
to give special attention to business relationships and 
transactions with Iran, including Iranian companies and 
financial institutions; 
(B) to apply effective countermeasures to protect their 
financial sectors from risks relating to money laundering 
and financing of terrorism that emanate from Iran; 
(C) to protect against correspondent relationships being 
used by Iran and Iranian companies and financial institu-
tions to bypass or evade countermeasures and risk-mitiga-
tion practices; and 
(D) to take into account risks relating to money laun-
dering and financing of terrorism when considering 
requests by Iranian financial institutions to open branches 
and subsidiaries in their jurisdictions. 
(5) At a February 2010 meeting of the Financial Action 
Task Force, the Task Force called on members to apply counter-
measures ‘‘to protect the international financial system from 
22 USC 8513. 
Reports. 
Certification. 
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124 STAT. 1332 
PUBLIC LAW 111–195—JULY 1, 2010 
the ongoing and substantial money laundering and terrorist 
financing (ML/TF) risks’’ emanating from Iran. 
(b) SENSE OF CONGRESS REGARDING THE IMPOSITION OF SANC-
TIONS ON THE CENTRAL BANK OF IRAN.—Congress— 
(1) acknowledges the efforts of the United Nations Security 
Council to impose limitations on transactions involving Iranian 
financial institutions, including the Central Bank of Iran; and 
(2) urges the President, in the strongest terms, to consider 
immediately using the authority of the President to impose 
sanctions on the Central Bank of Iran and any other Iranian 
financial institution engaged in proliferation activities or sup-
port of terrorist groups. 
(c) PROHIBITIONS AND CONDITIONS WITH RESPECT TO CERTAIN 
ACCOUNTS HELD BY FOREIGN FINANCIAL INSTITUTIONS.— 
(1) IN GENERAL.—Not later than 90 days after the date 
of the enactment of this Act, the Secretary of the Treasury 
shall prescribe regulations to prohibit, or impose strict condi-
tions on, the opening or maintaining in the United States 
of a correspondent account or a payable-through account by 
a foreign financial institution that the Secretary finds know-
ingly engages in an activity described in paragraph (2). 
(2) ACTIVITIES DESCRIBED.—A foreign financial institution 
engages in an activity described in this paragraph if the foreign 
financial institution— 
(A) facilitates the efforts of the Government of Iran 
(including efforts of Iran’s Revolutionary Guard Corps or 
any of its agents or affiliates)— 
(i) to acquire or develop weapons of mass destruc-
tion or delivery systems for weapons of mass destruc-
tion; or 
(ii) to provide support for organizations designated 
as foreign terrorist organizations under section 219(a) 
of the Immigration and Nationality Act (8 U.S.C. 
1189(a)) or support for acts 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)); 
(B) facilitates the activities of a person subject to finan-
cial sanctions pursuant to United Nations Security Council 
Resolution 1737 (2006), 1747 (2007), 1803 (2008), or 1929 
(2010), or any other resolution that is agreed to by the 
Security Council and imposes sanctions with respect to 
Iran; 
(C) engages in money laundering to carry out an 
activity described in subparagraph (A) or (B); 
(D) facilitates efforts by the Central Bank of Iran or 
any other Iranian financial institution to carry out an 
activity described in subparagraph (A) or (B); or 
(E) facilitates a significant transaction or transactions 
or provides significant financial services for— 
(i) Iran’s Revolutionary Guard Corps or any of 
its agents or affiliates whose property or interests in 
property are blocked pursuant to the International 
Emergency Economic Powers Act (50 U.S.C. 1701 et 
seq.); or 
(ii) a financial institution whose property or 
interests in property are blocked pursuant to that Act 
in connection with— 
Deadline. 
Regulations. 
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124 STAT. 1333 
PUBLIC LAW 111–195—JULY 1, 2010 
(I) Iran’s proliferation of weapons of mass 
destruction or delivery systems for weapons of 
mass destruction; or 
(II) Iran’s support for international terrorism. 
(3) PENALTIES.—The penalties provided for in subsections 
(b) and (c) of section 206 of the International Emergency Eco-
nomic Powers Act (50 U.S.C. 1705) shall apply to a person 
that violates, attempts to violate, conspires to violate, or causes 
a violation of regulations prescribed under paragraph (1) of 
this subsection to the same extent that such penalties apply 
to a person that commits an unlawful act described in section 
206(a) of that Act. 
(d) PENALTIES
FOR DOMESTIC FINANCIAL INSTITUTIONS
FOR 
ACTIONS OF PERSONS OWNED OR CONTROLLED BY SUCH FINANCIAL 
INSTITUTIONS.— 
(1) IN GENERAL.—Not later than 90 days after the date 
of the enactment of this Act, the Secretary of the Treasury 
shall prescribe regulations to prohibit any person owned or 
controlled by a domestic financial institution from knowingly 
engaging in a transaction or transactions with or benefitting 
Iran’s Revolutionary Guard Corps or any of its agents or affili-
ates whose property or interests in property are blocked pursu-
ant to the International Emergency Economic Powers Act (50 
U.S.C. 1701 et seq.). 
(2) PENALTIES.—The penalties provided for in section 206(b) 
of the International Emergency Economic Powers Act (50 U.S.C. 
1705(b)) shall apply to a domestic financial institution to the 
same extent that such penalties apply to a person that commits 
an unlawful act described in section 206(a) of that Act if— 
(A) a person owned or controlled by the domestic finan-
cial institution violates, attempts to violate, conspires to 
violate, or causes a violation of regulations prescribed under 
paragraph (1) of this subsection; and 
(B) the domestic financial institution knew or should 
have known that the person violated, attempted to violate, 
conspired to violate, or caused a violation of such regula-
tions. 
(e) REQUIREMENTS FOR FINANCIAL INSTITUTIONS MAINTAINING 
ACCOUNTS FOR FOREIGN FINANCIAL INSTITUTIONS.— 
(1) IN GENERAL.—The Secretary of the Treasury shall pre-
scribe regulations to require a domestic financial institution 
maintaining a correspondent account or payable-through 
account in the United States for a foreign financial institution 
to do one or more of the following: 
(A) Perform an audit of activities described in sub-
section (c)(2) that may be carried out by the foreign finan-
cial institution. 
(B) Report to the Department of the Treasury with 
respect to transactions or other financial services provided 
with respect to any such activity. 
(C) Certify, to the best of the knowledge of the domestic 
financial institution, that the foreign financial institution 
is not knowingly engaging in any such activity. 
(D) Establish due diligence policies, procedures, and 
controls, such as the due diligence policies, procedures, 
and controls described in section 5318(i) of title 31, United 
States Code, reasonably designed to detect whether the 
Regulations. 
Applicability. 
Deadline. 
Regulations. 
Applicability. 
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124 STAT. 1334 
PUBLIC LAW 111–195—JULY 1, 2010 
Secretary of the Treasury has found the foreign financial 
institution to knowingly engage in any such activity. 
(2) PENALTIES.—The penalties provided for in sections 
5321(a) and 5322 of title 31, United States Code, shall apply 
to a person that violates a regulation prescribed under para-
graph (1) of this subsection, in the same manner and to the 
same extent as such penalties would apply to any person that 
is otherwise subject to such section 5321(a) or 5322. 
(f) WAIVER.—The Secretary of the Treasury may waive the 
application of a prohibition or condition imposed with respect to 
a foreign financial institution pursuant to subsection (c) or the 
imposition of a penalty under subsection (d) with respect to a 
domestic financial institution on and after the date that is 30 
days after the Secretary— 
(1) determines that such a waiver is necessary to the 
national interest of the United States; and 
(2) submits to the appropriate congressional committees 
a report describing the reasons for the determination. 
(g) PROCEDURES FOR JUDICIAL REVIEW OF CLASSIFIED INFORMA-
TION.— 
(1) IN GENERAL.—If a finding under subsection (c)(1), a 
prohibition, condition, or penalty imposed as a result of any 
such finding, or a penalty imposed under subsection (d), is 
based on classified information (as defined in section 1(a) of 
the Classified Information Procedures Act (18 U.S.C. App.)) 
and a court reviews the finding or the imposition of the prohibi-
tion, condition, or penalty, the Secretary of the Treasury may 
submit such information to the court ex parte and in camera. 
(2) RULE OF CONSTRUCTION.—Nothing in this subsection 
shall be construed to confer or imply any right to judicial 
review of any finding under subsection (c)(1), any prohibition, 
condition, or penalty imposed as a result of any such finding, 
or any penalty imposed under subsection (d). 
(h) CONSULTATIONS IN IMPLEMENTATION OF REGULATIONS.—In 
implementing this section and the regulations prescribed under 
this section, the Secretary of the Treasury— 
(1) shall consult with the Secretary of State; and 
(2) may, in the sole discretion of the Secretary of the 
Treasury, consult with such other agencies and departments 
and such other interested parties as the Secretary considers 
appropriate. 
(i) DEFINITIONS.— 
(1) IN GENERAL.—In this section: 
(A) ACCOUNT; CORRESPONDENT
ACCOUNT; PAYABLE- 
THROUGH ACCOUNT.—The terms ‘‘account’’, ‘‘correspondent 
account’’, 
and 
‘‘payable-through 
account’’ 
have 
the 
meanings given those terms in section 5318A of title 31, 
United States Code. 
(B) AGENT.—The term ‘‘agent’’ includes an entity estab-
lished by a person for purposes of conducting transactions 
on behalf of the person in order to conceal the identity 
of the person. 
(C) FINANCIAL
INSTITUTION.—The term ‘‘financial 
institution’’ means a financial institution specified in 
subparagraph (A), (B), (C), (D), (E), (F), (G), (H), (I), (J), 
(M), or (Y) of section 5312(a)(2) of title 31, United States 
Code. 
Reports. 
Determination. 
Effective date. 
Applicability. 
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124 STAT. 1335 
PUBLIC LAW 111–195—JULY 1, 2010 
(D) FOREIGN FINANCIAL INSTITUTION; DOMESTIC FINAN-
CIAL
INSTITUTION.—The terms ‘‘foreign financial institu-
tion’’ and ‘‘domestic financial institution’’ shall have the 
meanings of those terms as determined by the Secretary 
of the Treasury. 
(E) MONEY
LAUNDERING.—The term ‘‘money laun-
dering’’ means the movement of illicit cash or cash equiva-
lent proceeds into, out of, or through a country, or into, 
out of, or through a financial institution. 
(2) OTHER DEFINITIONS.—The Secretary of the Treasury 
may further define the terms used in this section in the regula-
tions prescribed under this section. 
SEC. 105. IMPOSITION OF SANCTIONS ON CERTAIN PERSONS WHO ARE 
RESPONSIBLE FOR OR COMPLICIT IN HUMAN RIGHTS 
ABUSES COMMITTED AGAINST CITIZENS OF IRAN OR 
THEIR FAMILY MEMBERS AFTER THE JUNE 12, 2009, ELEC-
TIONS IN IRAN. 
(a) IN
GENERAL.—The President shall impose sanctions 
described in subsection (c) with respect to each person on the 
list required by subsection (b). 
(b) LIST OF PERSONS WHO ARE RESPONSIBLE FOR OR COMPLICIT 
IN CERTAIN HUMAN RIGHTS ABUSES.— 
(1) IN GENERAL.—Not later than 90 days after the date 
of the enactment of this Act, the President shall submit to 
the appropriate congressional committees a list of persons who 
are officials of the Government of Iran or persons acting on 
behalf of that Government (including members of paramilitary 
organizations 
such 
as 
Ansar-e-Hezbollah 
and 
Basij-e 
Mostaz’afin), that the President determines, based on credible 
evidence, are responsible for or complicit in, or responsible 
for ordering, controlling, or otherwise directing, the commission 
of serious human rights abuses against citizens of Iran or 
their family members on or after June 12, 2009, regardless 
of whether such abuses occurred in Iran. 
(2) UPDATES OF LIST.—The President shall submit to the 
appropriate congressional committees an updated list under 
paragraph (1)— 
(A) not later than 270 days after the date of the enact-
ment of this Act and every 180 days thereafter; and 
(B) as new information becomes available. 
(3) FORM OF REPORT; PUBLIC AVAILABILITY.— 
(A) FORM.—The list required by paragraph (1) shall 
be submitted in unclassified form but may contain a classi-
fied annex. 
(B) PUBLIC AVAILABILITY.—The unclassified portion of 
the list required by paragraph (1) shall be made available 
to the public and posted on the websites of the Department 
of the Treasury and the Department of State. 
(4) CONSIDERATION OF DATA FROM OTHER COUNTRIES AND 
NONGOVERNMENTAL
ORGANIZATIONS.—In preparing the list 
required by paragraph (1), the President shall consider credible 
data already obtained by other countries and nongovernmental 
organizations, including organizations in Iran, that monitor 
the human rights abuses of the Government of Iran. 
(c) SANCTIONS DESCRIBED.—The sanctions described in this sub-
section are ineligibility for a visa to enter the United States and 
Web posting. 
Deadlines. 
Deadline. 
President. 
22 USC 8514. 
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124 STAT. 1336 
PUBLIC LAW 111–195—JULY 1, 2010 
sanctions pursuant to the International Emergency Economic 
Powers Act (50 U.S.C. 1701 et seq.), including blocking of property 
and restrictions or prohibitions on financial transactions and the 
exportation and importation of property, subject to such regulations 
as the President may prescribe, including regulatory exceptions 
to permit the United States to comply with the Agreement between 
the United Nations and the United States of America regarding 
the Headquarters of the United Nations, signed June 26, 1947, 
and entered into force November 21, 1947, and other applicable 
international obligations. 
(d) TERMINATION OF SANCTIONS.—The provisions of this section 
shall terminate on the date on which the President determines 
and certifies to the appropriate congressional committees that the 
Government of Iran has— 
(1) unconditionally released all political prisoners, including 
the citizens of Iran detained in the aftermath of the June 
12, 2009, presidential election in Iran; 
(2) ceased its practices of violence, unlawful detention, 
torture, and abuse of citizens of Iran while engaging in peaceful 
political activity; 
(3) conducted a transparent investigation into the killings, 
arrests, and abuse of peaceful political activists that occurred 
in the aftermath of the June 12, 2009, presidential election 
in Iran and prosecuted the individuals responsible for such 
killings, arrests, and abuse; and 
(4) made public commitments to, and is making demon-
strable progress toward— 
(A) establishing an independent judiciary; and 
(B) respecting the human rights and basic freedoms 
recognized in the Universal Declaration of Human Rights. 
SEC. 106. PROHIBITION ON PROCUREMENT CONTRACTS WITH PER-
SONS THAT EXPORT SENSITIVE TECHNOLOGY TO IRAN. 
(a) IN GENERAL.—Except as provided in subsection (b), and 
pursuant to such regulations as the President may prescribe, the 
head of an executive agency may not enter into or renew a contract, 
on or after the date that is 90 days after the date of the enactment 
of this Act, for the procurement of goods or services with a person 
that exports sensitive technology to Iran. 
(b) AUTHORIZATION TO EXEMPT CERTAIN PRODUCTS.—The Presi-
dent is authorized to exempt from the prohibition under subsection 
(a) only eligible products, as defined in section 308(4) of the Trade 
Agreements Act of 1979 (19 U.S.C. 2518(4)), of any foreign country 
or instrumentality designated under section 301(b) of that Act (19 
U.S.C. 2511(b)). 
(c) SENSITIVE TECHNOLOGY DEFINED.— 
(1) IN GENERAL.—The term ‘‘sensitive technology’’ means 
hardware, software, telecommunications equipment, or any 
other technology, that the President determines is to be used 
specifically— 
(A) to restrict the free flow of unbiased information 
in Iran; or 
(B) to disrupt, monitor, or otherwise restrict speech 
of the people of Iran. 
(2) EXCEPTION.—The term ‘‘sensitive technology’’ does not 
include information or informational materials the exportation 
of which the President does not have the authority to regulate 
President. 
22 USC 8515. 
Determination. 
Certification. 
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124 STAT. 1337 
PUBLIC LAW 111–195—JULY 1, 2010 
or prohibit pursuant to section 203(b)(3) of the International 
Emergency Economic Powers Act (50 U.S.C. 1702(b)(3)). 
(d) GOVERNMENT ACCOUNTABILITY OFFICE REPORT ON EFFECT 
OF PROCUREMENT PROHIBITION.—Not later than 1 year after the 
date of the enactment of this Act, the Comptroller General of 
the United States shall submit to the appropriate congressional 
committees, the Committee on Armed Services of the Senate, and 
the Committee on Armed Services of the House of Representatives, 
a report assessing the extent to which executive agencies would 
have entered into or renewed contracts for the procurement of 
goods or services with persons that export sensitive technology 
to Iran if the prohibition under subsection (a) were not in effect. 
SEC. 107. HARMONIZATION OF CRIMINAL PENALTIES FOR VIOLATIONS 
OF SANCTIONS. 
(a) IN GENERAL.— 
(1) VIOLATIONS
OF
UNITED
NATIONS
SECURITY
COUNCIL 
RESOLUTIONS IMPOSING SANCTIONS.—Section 5(b) of the United 
Nations Participation Act of 1945 (22 U.S.C. 287c(b)) is 
amended— 
(A) by striking ‘‘find not more than $10,000’’ and 
inserting ‘‘fined not more than $1,000,000’’; and 
(B) by striking ‘‘ten years’’ and all that follows and 
inserting ‘‘20 years, or both.’’. 
(2) VIOLATIONS
OF
CONTROLS
ON
EXPORTS
AND
IMPORTS 
OF DEFENSE ARTICLES AND DEFENSE SERVICES.—Section 38(c) 
of the Arms Export Control Act (22 U.S.C. 2778(c)) is amended 
by striking ‘‘ten years’’ and inserting ‘‘20 years’’. 
(3) VIOLATIONS
OF
PROHIBITION
ON
TRANSACTIONS
WITH 
COUNTRIES THAT SUPPORT ACTS OF INTERNATIONAL TERRORISM.— 
Section 40(j) of the Arms Export Control Act (22 U.S.C. 2780(j)) 
is amended by striking ‘‘10 years’’ and inserting ‘‘20 years’’. 
(4) VIOLATIONS OF THE TRADING WITH THE ENEMY ACT.— 
Section 16(a) of the Trading with the enemy Act (50 U.S.C. 
App. 16(a)) is amended by striking ‘‘if a natural person’’ and 
all that follows and inserting ‘‘if a natural person, be imprisoned 
for not more than 20 years, or both.’’. 
(b) STUDY BY UNITED STATES SENTENCING COMMISSION.—Not 
later than 1 year after the date of the enactment of this Act, 
the United States Sentencing Commission, pursuant to the 
authority under sections 994 and 995 of title 28, United States 
Code, and the responsibility of the United States Sentencing 
Commission to advise Congress on sentencing policy under section 
995(a)(20) of title 28, United States Code, shall study and submit 
to Congress a report on the impact and advisability of imposing 
a mandatory minimum sentence for violations of— 
(1) section 5(a) of the United Nations Participation Act 
of 1945 (22 U.S.C. 287c(a)); 
(2) sections 38, 39, and 40 of the Arms Export Control 
Act (22 U.S.C. 2778, 2779, and 2780); and 
(3) the Trading with the enemy Act (50 U.S.C. App. 1 
et seq.). 
SEC. 108. AUTHORITY TO IMPLEMENT UNITED NATIONS SECURITY 
COUNCIL 
RESOLUTIONS 
IMPOSING 
SANCTIONS 
WITH 
RESPECT TO IRAN. 
In addition to any other authority of the President with respect 
to implementing resolutions of the United Nations Security Council, 
22 USC 8516. 
Deadline. 
Reports. 
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124 STAT. 1338 
PUBLIC LAW 111–195—JULY 1, 2010 
the President may prescribe such regulations as may be necessary 
to implement a resolution that is agreed to by the United Nations 
Security Council and imposes sanctions with respect to Iran. 
SEC. 109. INCREASED CAPACITY FOR EFFORTS TO COMBAT UNLAWFUL 
OR TERRORIST FINANCING. 
(a) FINDINGS.—Congress finds the following: 
(1) The work of the Office of Terrorism and Financial 
Intelligence of the Department of the Treasury, which includes 
the Office of Foreign Assets Control and the Financial Crimes 
Enforcement Network, is critical to ensuring that the inter-
national financial system is not used for purposes of supporting 
terrorism and developing weapons of mass destruction. 
(2) The Secretary of the Treasury has designated, including 
most recently on June 16, 2010, various Iranian individuals 
and banking, military, energy, and shipping entities as 
proliferators of weapons of mass destruction pursuant to Execu-
tive Order 13382 (50 U.S.C. 1701 note), thereby blocking trans-
actions subject to the jurisdiction of the United States by those 
individuals and entities and their supporters. 
(3) The Secretary of the Treasury has also identified an 
array of entities in the insurance, petroleum, and petrochemi-
cals industries that the Secretary has determined to be owned 
or controlled by the Government of Iran and added those enti-
ties to the list contained in Appendix A to part 560 of title 
31, Code of Federal Regulations (commonly known as the ‘‘Ira-
nian Transactions Regulations’’), thereby prohibiting trans-
actions between United States persons and those entities. 
(b) AUTHORIZATION OF APPROPRIATIONS FOR OFFICE OF TER-
RORISM
AND FINANCIAL INTELLIGENCE.—There are authorized to 
be appropriated to the Secretary of the Treasury for the Office 
of Terrorism and Financial Intelligence— 
(1) $102,613,000 for fiscal year 2011; and 
(2) such sums as may be necessary for each of the fiscal 
years 2012 and 2013. 
(c) AUTHORIZATION
OF APPROPRIATIONS
FOR
THE FINANCIAL 
CRIMES ENFORCEMENT NETWORK.—Section 310(d)(1) of title 31, 
United States Code, is amended by striking ‘‘such sums as may 
be necessary for fiscal years 2002, 2003, 2004, and 2005’’ and 
inserting ‘‘$100,419,000 for fiscal year 2011 and such sums as 
may be necessary for each of the fiscal years 2012 and 2013’’. 
(d) AUTHORIZATION
OF
APPROPRIATIONS
FOR
BUREAU
OF 
INDUSTRY AND SECURITY OF THE DEPARTMENT OF COMMERCE.— 
There are authorized to be appropriated to the Secretary of Com-
merce for the Bureau of Industry and Security of the Department 
of Commerce— 
(1) $113,000,000 for fiscal year 2011; and 
(2) such sums as may be necessary for each of the fiscal 
years 2012 and 2013. 
SEC. 110. REPORTS ON INVESTMENTS IN THE ENERGY SECTOR OF 
IRAN. 
(a) INITIAL REPORT.— 
(1) IN GENERAL.—Not later than 90 days after the date 
of the enactment of this Act, the President shall submit to 
the appropriate congressional committees a report— 
President. 
22 USC 8518. 
22 USC 8517. 
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124 STAT. 1339 
PUBLIC LAW 111–195—JULY 1, 2010 
(A) on investments in the energy sector of Iran that 
were made during the period described in paragraph (2); 
and 
(B) that contains— 
(i) an estimate of the volume of energy-related 
resources (other than refined petroleum), including eth-
anol, that Iran imported during the period described 
in paragraph (2); and 
(ii) a list of all significant known energy-related 
joint ventures, investments, and partnerships located 
outside Iran that involve Iranian entities in partner-
ship with entities from other countries, including an 
identification of the entities from other countries; and 
(iii) an estimate of— 
(I) the total value of each such joint venture, 
investment, and partnership; and 
(II) the percentage of each such joint venture, 
investment, and partnership owned by an Iranian 
entity. 
(2) PERIOD DESCRIBED.—The period described in this para-
graph is the period beginning on January 1, 2006, and ending 
on the date that is 60 days after the date of the enactment 
of this Act. 
(b) UPDATED REPORTS.—Not later than 180 days after submit-
ting the report required by subsection (a), and every 180 days 
thereafter, the President shall submit to the appropriate congres-
sional committees a report containing the matters required in the 
report under subsection (a)(1) for the 180-day period beginning 
on the date that is 30 days before the date on which the preceding 
report was required to be submitted by this section. 
SEC. 111. REPORTS ON CERTAIN ACTIVITIES OF FOREIGN EXPORT 
CREDIT AGENCIES AND OF THE EXPORT-IMPORT BANK OF 
THE UNITED STATES. 
(a) REPORT ON CERTAIN ACTIVITIES OF EXPORT CREDIT AGEN-
CIES OF FOREIGN COUNTRIES.— 
(1) IN GENERAL.—Not later than 90 days after the date 
of the enactment of this Act, the President shall submit to 
the appropriate congressional committees a report on any 
activity of an export credit agency of a foreign country that 
is an activity comparable to an activity described in subsection 
(a) or (b) of section 5 of the Iran Sanctions Act of 1996, as 
amended by section 102 of this Act. 
(2) UPDATES.—The President shall update the report 
required by paragraph (1) as new information becomes available 
with respect to the activities of export credit agencies of foreign 
countries. 
(b) REPORT
ON CERTAIN FINANCING
BY
THE EXPORT-IMPORT 
BANK
OF
THE UNITED STATES.—Not later than 30 days (or, in 
extraordinary circumstances, not later than 15 days) before the 
Export-Import Bank of the United States approves cofinancing 
(including loans, guarantees, other credits, insurance, and reinsur-
ance) in which an export credit agency of a foreign country identified 
in the report required by subsection (a) will participate, the Presi-
dent shall submit to the appropriate congressional committees a 
report identifying— 
(1) the export credit agency of the foreign country; and 
President. 
22 USC 8519. 
Time period. 
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124 STAT. 1340 
PUBLIC LAW 111–195—JULY 1, 2010 
(2) the beneficiaries of the financing. 
SEC. 112. SENSE OF CONGRESS REGARDING IRAN’S REVOLUTIONARY 
GUARD CORPS AND ITS AFFILIATES. 
It is the sense of Congress that the United States should— 
(1) persistently target Iran’s Revolutionary Guard Corps 
and its affiliates with economic sanctions for its support for 
terrorism, its role in proliferation, and its oppressive activities 
against the people of Iran; 
(2) identify, as soon as possible— 
(A) any foreign individual or entity that is an agent, 
alias, front, instrumentality, official, or affiliate of Iran’s 
Revolutionary Guard Corps; 
(B) any individual or entity that— 
(i) has provided material support to any individual 
or entity described in subparagraph (A); or 
(ii) has conducted any financial or commercial 
transaction with any such individual or entity; and 
(C) any foreign government that— 
(i) provides material support to any such individual 
or entity; or 
(ii) conducts any commercial transaction or finan-
cial transaction with any such individual or entity; 
and 
(3) immediately impose sanctions, including travel restric-
tions, sanctions authorized pursuant to this Act or the Iran 
Sanctions Act of 1996, as amended by section 102 of this 
Act, and the full range of sanctions available to the President 
under the International Emergency Economic Powers Act (50 
U.S.C. 1701 et seq.), on the individuals, entities, and govern-
ments described in paragraph (2). 
SEC. 113. SENSE OF CONGRESS REGARDING IRAN AND HEZBOLLAH. 
It is the sense of Congress that the United States should— 
(1) continue to counter support received by Hezbollah from 
the Government of Iran and other foreign governments in 
response to Hezbollah’s terrorist activities and the threat 
Hezbollah poses to Israel, the democratic sovereignty of Leb-
anon, and the national security interests of the United States; 
(2) impose the full range of sanctions available to the 
President under the International Emergency Economic Powers 
Act (50 U.S.C. 1701 et seq.) on Hezbollah, affiliates and sup-
porters of Hezbollah designated for the imposition of sanctions 
under that Act, and persons providing Hezbollah with commer-
cial, financial, or other services; 
(3) urge the European Union, individual countries in 
Europe, and other countries to classify Hezbollah as a terrorist 
organization to facilitate the disruption of Hezbollah’s oper-
ations; and 
(4) renew international efforts to disarm Hezbollah and 
disband its militias in Lebanon, as called for by United Nations 
Security Council Resolutions 1559 (2004) and 1701 (2006). 
SEC. 114. SENSE OF CONGRESS REGARDING THE IMPOSITION OF 
MULTILATERAL SANCTIONS WITH RESPECT TO IRAN. 
It is the sense of Congress that— 
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124 STAT. 1341 
PUBLIC LAW 111–195—JULY 1, 2010 
(1) in general, effective multilateral sanctions are pref-
erable to unilateral sanctions in order to achieve desired results 
from countries such as Iran; and 
(2) the President should continue to work with allies of 
the United States to impose such sanctions as may be necessary 
to prevent the Government of Iran from acquiring a nuclear 
weapons capability. 
SEC. 115. REPORT ON PROVIDING COMPENSATION FOR VICTIMS OF 
INTERNATIONAL TERRORISM. 
Not later than 180 days after the date of the enactment of 
this Act, the President shall submit to the appropriate congressional 
committees a report on equitable methods for providing compensa-
tion on a comprehensive basis to victims of acts of international 
terrorism who are citizens or residents of the United States or 
nationals of the United States (as defined in section 101(a) of 
the Immigration and Nationality Act (8 U.S.C. 1101(a)). 
TITLE II—DIVESTMENT FROM CERTAIN 
COMPANIES THAT INVEST IN IRAN 
SEC. 201. DEFINITIONS. 
In this title: 
(1) ENERGY SECTOR OF IRAN.—The term ‘‘energy sector of 
Iran’’ refers to activities to develop petroleum or natural gas 
resources or nuclear power in Iran. 
(2) FINANCIAL INSTITUTION.—The term ‘‘financial institu-
tion’’ 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). 
(3) IRAN.—The term ‘‘Iran’’ includes the Government of 
Iran and any agency or instrumentality of Iran. 
(4) PERSON.—The term ‘‘person’’ means— 
(A) a natural person, corporation, company, business 
association, partnership, society, trust, or any other non-
governmental entity, organization, or group; 
(B) any governmental entity or instrumentality of a 
government, including a multilateral development institu-
tion (as defined in section 1701(c)(3) of the International 
Financial Institutions Act (22 U.S.C. 262r(c)(3))); and 
(C) any successor, subunit, parent entity, or subsidiary 
of, or any entity under common ownership or control with, 
any entity described in subparagraph (A) or (B). 
(5) STATE.—The term ‘‘State’’ means each of the several 
States, the District of Columbia, the Commonwealth of Puerto 
Rico, the Commonwealth of the Northern Mariana Islands, 
American Samoa, Guam, the United States Virgin Islands, 
and any other territory or possession of the United States. 
(6) STATE
OR
LOCAL
GOVERNMENT.—The term ‘‘State or 
local government’’ includes— 
(A) any State and any agency or instrumentality 
thereof; 
(B) any local government within a State, and any 
agency or instrumentality thereof; 
(C) any other governmental instrumentality of a State 
or locality; and 
22 USC 8531. 
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124 STAT. 1342 
PUBLIC LAW 111–195—JULY 1, 2010 
(D) any public institution of higher education within 
the meaning of the Higher Education Act of 1965 (20 
U.S.C. 1001 et seq.). 
SEC. 202. AUTHORITY OF STATE AND LOCAL GOVERNMENTS TO DIVEST 
FROM CERTAIN COMPANIES THAT INVEST IN IRAN. 
(a) SENSE
OF CONGRESS.—It is the sense of Congress that 
the United States should support the decision of any State or 
local government that for moral, prudential, or reputational reasons 
divests from, or prohibits the investment of assets of the State 
or local government in, a person that engages in investment activi-
ties in the energy sector of Iran, as long as Iran is subject to 
economic sanctions imposed by the United States. 
(b) AUTHORITY TO DIVEST.—Notwithstanding any other provi-
sion of law, a State or local government may adopt and enforce 
measures that meet the requirements of subsection (d) to divest 
the assets of the State or local government from, or prohibit invest-
ment of the assets of the State or local government in, any person 
that the State or local government determines, using credible 
information available to the public, engages in investment activities 
in Iran described in subsection (c). 
(c) INVESTMENT ACTIVITIES DESCRIBED.—A person engages in 
investment activities in Iran described in this subsection if the 
person— 
(1) has an investment of $20,000,000 or more in the energy 
sector of Iran, including in a person that provides oil or liquified 
natural gas tankers, or products used to construct or maintain 
pipelines used to transport oil or liquified natural gas, for 
the energy sector of Iran; or 
(2) is a financial institution that extends $20,000,000 or 
more in credit to another person, for 45 days or more, if that 
person will use the credit for investment in the energy sector 
of Iran. 
(d) REQUIREMENTS.—Any measure taken by a State or local 
government under subsection (b) shall meet the following require-
ments: 
(1) NOTICE.—The State or local government shall provide 
written notice to each person to which a measure is to be 
applied. 
(2) TIMING.—The measure shall apply to a person not ear-
lier than the date that is 90 days after the date on which 
written notice is provided to the person under paragraph (1). 
(3) OPPORTUNITY FOR HEARING.—The State or local govern-
ment shall provide an opportunity to comment in writing to 
each person to which a measure is to be applied. If the person 
demonstrates to the State or local government that the person 
does not engage in investment activities in Iran described in 
subsection (c), the measure shall not apply to the person. 
(4) SENSE
OF
CONGRESS
ON
AVOIDING
ERRONEOUS
TAR-
GETING.—It is the sense of Congress that a State or local 
government should not adopt a measure under subsection (b) 
with respect to a person unless the State or local government 
has made every effort to avoid erroneously targeting the person 
and has verified that the person engages in investment activi-
ties in Iran described in subsection (c). 
(e) NOTICE TO DEPARTMENT OF JUSTICE.—Not later than 30 
days after adopting a measure pursuant to subsection (b), a State 
Deadline. 
Applicability. 
Effective date. 
22 USC 8532. 
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124 STAT. 1343 
PUBLIC LAW 111–195—JULY 1, 2010 
or local government shall submit written notice to the Attorney 
General describing the measure. 
(f) NONPREEMPTION.—A measure of a State or local government 
authorized under subsection (b) or (i) is not preempted by any 
Federal law or regulation. 
(g) DEFINITIONS.—In this section: 
(1) ASSETS.— 
(A) IN GENERAL.—Except as provided in subparagraph 
(B), the term ‘‘assets’’ refers to public monies and includes 
any pension, retirement, annuity, or endowment fund, or 
similar instrument, that is controlled by a State or local 
government. 
(B) EXCEPTION.—The term ‘‘assets’’ does not include 
employee benefit plans covered by title I of the Employee 
Retirement Income Security Act of 1974 (29 U.S.C. 1001 
et seq.). 
(2) INVESTMENT.—The ‘‘investment’’ includes— 
(A) a commitment or contribution of funds or property; 
(B) a loan or other extension of credit; and 
(C) the entry into or renewal of a contract for goods 
or services. 
(h) EFFECTIVE DATE.— 
(1) IN GENERAL.—Except as provided in paragraph (2) or 
subsection (i), this section applies to measures adopted by a 
State or local government before, on, or after the date of the 
enactment of this Act. 
(2) NOTICE
REQUIREMENTS.—Except as provided in sub-
section (i), subsections (d) and (e) apply to measures adopted 
by a State or local government on or after the date of the 
enactment of this Act. 
(i) AUTHORIZATION FOR PRIOR ENACTED MEASURES.— 
(1) IN GENERAL.—Notwithstanding any other provision of 
this section or any other provision of law, a State or local 
government may enforce a measure (without regard to the 
requirements of subsection (d), except as provided in paragraph 
(2)) adopted by the State or local government before the date 
of the enactment of this Act that provides for the divestment 
of assets of the State or local government from, or prohibits 
the investment of the assets of the State or local government 
in, any person that the State or local government determines, 
using credible information available to the public, engages in 
investment activities in Iran (determined without regard to 
subsection (c)) or other business activities in Iran that are 
identified in the measure. 
(2) APPLICATION
OF
NOTICE
REQUIREMENTS.—A measure 
described in paragraph (1) shall be subject to the requirements 
of paragraphs (1) and (2) and the first sentence of paragraph 
(3) of subsection (d) on and after the date that is 2 years 
after the date of the enactment of this Act. 
SEC. 203. SAFE HARBOR FOR CHANGES OF INVESTMENT POLICIES 
BY ASSET MANAGERS. 
(a) IN GENERAL.—Section 13(c)(1) of the Investment Company 
Act of 1940 (15 U.S.C. 80a–13(c)(1)) is amended to read as follows: 
‘‘(1) IN GENERAL.—Notwithstanding any other provision of 
Federal or State law, no person may bring any civil, criminal, 
Effective date. 
Applicability. 
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124 STAT. 1344 
PUBLIC LAW 111–195—JULY 1, 2010 
or administrative action against any registered investment com-
pany, or any employee, officer, director, or investment adviser 
thereof, based solely upon the investment company divesting 
from, or avoiding investing in, securities issued by persons 
that the investment company determines, using credible 
information available to the public— 
‘‘(A) conduct or have direct investments in business 
operations in Sudan described in section 3(d) of the Sudan 
Accountability and Divestment Act of 2007 (50 U.S.C. 1701 
note); or 
‘‘(B) engage in investment activities in Iran described 
in section 202(c) of the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010.’’. 
(b) SEC REGULATIONS.—Not later than 120 days after the date 
of the enactment of this Act, the Securities and Exchange Commis-
sion shall issue any revisions the Commission determines to be 
necessary to the regulations requiring disclosure by each registered 
investment company that divests itself of securities in accordance 
with section 13(c) of the Investment Company Act of 1940 to include 
divestments of securities in accordance with paragraph (1)(B) of 
such section, as added by subsection (a) of this section. 
SEC. 204. SENSE OF CONGRESS REGARDING CERTAIN ERISA PLAN 
INVESTMENTS. 
It is the sense of Congress that a fiduciary of an employee 
benefit plan, as defined in section 3(3) of the Employee Retirement 
Income Security Act of 1974 (29 U.S.C. 1002(3)), may divest plan 
assets from, or avoid investing plan assets in, any person the 
fiduciary determines engages in investment activities in Iran 
described in section 202(c) of this Act, without breaching the respon-
sibilities, obligations, or duties imposed upon the fiduciary by 
subparagraph (A) or (B) of section 404(a)(1) of the Employee Retire-
ment Income Security Act of 1974 (29 U.S.C. 1104(a)(1)), if— 
(1) the fiduciary makes such determination using credible 
information that is available to the public; and 
(2) the fiduciary prudently determines that the result of 
such divestment or avoidance of investment would not be 
expected to provide the employee benefit plan with— 
(A) a lower rate of return than alternative investments 
with commensurate degrees of risk; or 
(B) a higher degree of risk than alternative investments 
with commensurate rates of return. 
SEC. 205. TECHNICAL CORRECTIONS TO SUDAN ACCOUNTABILITY AND 
DIVESTMENT ACT OF 2007. 
(a) ERISA PLAN
INVESTMENTS.—Section 5 of the Sudan 
Accountability and Divestment Act of 2007 (Public Law 110–174; 
50 U.S.C. 1701 note) is amended— 
(1) by striking ‘‘section 404 of the Employee Retirement 
Income Security Act of 1974 (29 U.S.C. 1104)’’ and inserting 
‘‘subparagraph (A) or (B) of section 404(a)(1) of the Employee 
Retirement Income Security Act of 1974 (29 U.S.C. 1104(a)(1))’’; 
and 
(2) by striking paragraph (2) and inserting the following: 
‘‘(2) the fiduciary prudently determines that the result of 
such divestment or avoidance of investment would not be 
expected to provide the employee benefit plan with— 
Deadline. 
15 USC 80a–13 
note. 
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124 STAT. 1345 
PUBLIC LAW 111–195—JULY 1, 2010 
‘‘(A) a lower rate of return than alternative investments 
with commensurate degrees of risk; or 
‘‘(B) a higher degree of risk than alternative invest-
ments with commensurate rates of return.’’. 
(b) SAFE HARBOR FOR CHANGES OF INVESTMENT POLICIES BY 
ASSET MANAGERS.— 
(1) IN
GENERAL.—Section 13(c)(2)(A) of the Investment 
Company Act of 1940 (15 U.S.C. 80a–13(c)(2)(A)) is amended 
to read as follows: 
‘‘(A) RULE OF CONSTRUCTION.—Nothing in paragraph 
(1) shall be construed to create, imply, diminish, change, 
or affect in any way whether or not a private right of 
action exists under subsection (a) or any other provision 
of this Act.’’. 
(2) APPLICABILITY.—The amendment made by paragraph 
(1) shall apply as if included in the Sudan Accountability and 
Divestment Act of 2007 (Public Law 110–174; 50 U.S.C. 1701 
note). 
TITLE III—PREVENTION OF DIVERSION 
OF CERTAIN GOODS, SERVICES, AND 
TECHNOLOGIES TO IRAN 
SEC. 301. DEFINITIONS. 
In this title: 
(1) ALLOW.—The term ‘‘allow’’, with respect to the diversion 
through a country of goods, services, or technologies, means 
the government of the country knows or has reason to know 
that the territory of the country is being used for such diversion. 
(2) APPROPRIATE CONGRESSIONAL COMMITTEES.—The term 
‘‘appropriate congressional committees’’ means— 
(A) the Committee on Banking, Housing, and Urban 
Affairs, the Committee on Foreign Relations, and the Select 
Committee on Intelligence of the Senate; and 
(B) the Committee on Foreign Affairs and the Perma-
nent Select Committee on Intelligence of the House of 
Representatives. 
(3) COMMERCE CONTROL LIST.—The term ‘‘Commerce Con-
trol List’’ means the list maintained pursuant to part 774 
of the Export Administration Regulations (or any corresponding 
similar regulation or ruling). 
(4) DIVERT; DIVERSION.—The terms ‘‘divert’’ and ‘‘diversion’’ 
refer to the transfer or release, directly or indirectly, of a 
good, service, or technology to an end-user or an intermediary 
that is not an authorized recipient of the good, service, or 
technology. 
(5) END-USER.—The term ‘‘end-user’’, with respect to a good, 
service, or technology, means the person that receives and 
ultimately uses the good, service, or technology. 
(6) EXPORT
ADMINISTRATION
REGULATIONS.—The term 
‘‘Export Administration Regulations’’ means subchapter C of 
chapter VII of title 15, Code of Federal Regulations (or any 
corresponding similar regulation or ruling). 
(7) GOVERNMENT.—The term ‘‘government’’ includes any 
agency or instrumentality of a government. 
15 USC 8541. 
15 USC 80a–13 
note. 
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124 STAT. 1346 
PUBLIC LAW 111–195—JULY 1, 2010 
(8) INTERMEDIARY.—The term ‘‘intermediary’’ means a per-
son that receives a good, service, or technology while the good, 
service, or technology is in transit to the end-user of the good, 
service, or technology. 
(9) INTERNATIONAL TRAFFIC IN ARMS REGULATIONS.—The 
term ‘‘International Traffic in Arms Regulations’’ means sub-
chapter M of chapter I of title 22, Code of Federal Regulations 
(or any corresponding similar regulation or ruling). 
(10) IRAN.—The term ‘‘Iran’’ includes the Government of 
Iran and any agency or instrumentality of Iran. 
(11) IRANIAN
END-USER.—The term ‘‘Iranian end-user’’ 
means an end-user that is the Government of Iran or a person 
in, or an agency or instrumentality of, Iran. 
(12) IRANIAN
INTERMEDIARY.—The term ‘‘Iranian inter-
mediary’’ means an intermediary that is the Government of 
Iran or a person in, or an agency or instrumentality of, Iran. 
(13) STATE
SPONSOR
OF
TERRORISM.—The term ‘‘state 
sponsor of terrorism’’ means any country the government of 
which the Secretary of State has determined has repeatedly 
provided support for acts of international terrorism pursuant 
to— 
(A) section 6(j)(1)(A) of the Export Administration Act 
of 1979 (50 U.S.C. App. 2405(j)(1)(A)) (or any successor 
thereto); 
(B) section 40(d) of the Arms Export Control Act (22 
U.S.C. 2780(d)); or 
(C) section 620A(a) of the Foreign Assistance Act of 
1961 (22 U.S.C. 2371(a)). 
(14) UNITED STATES MUNITIONS LIST.—The term ‘‘United 
States Munitions List’’ means the list maintained pursuant 
to part 121 of the International Traffic in Arms Regulations 
(or any corresponding similar regulation or ruling). 
SEC. 302. IDENTIFICATION OF COUNTRIES OF CONCERN WITH 
RESPECT TO THE DIVERSION OF CERTAIN GOODS, SERV-
ICES, AND TECHNOLOGIES TO OR THROUGH IRAN. 
(a) IN GENERAL.—Not later than 180 days after the date of 
the enactment of this Act, the Director of National Intelligence 
shall submit to the President, the Secretary of Defense, the Sec-
retary of Commerce, the Secretary of State, the Secretary of the 
Treasury, and the appropriate congressional committees a report 
that identifies each country the government of which the Director 
believes, based on all information available to the Director, is 
allowing the diversion through the country of goods, services, or 
technologies described in subsection (b) to Iranian end-users or 
Iranian intermediaries. 
(b) GOODS, SERVICES, AND TECHNOLOGIES DESCRIBED.—Goods, 
services, or technologies described in this subsection are goods, 
services, or technologies— 
(1) that— 
(A) originated in the United States; 
(B) would make a material contribution to Iran’s— 
(i) development of nuclear, chemical, or biological 
weapons; 
(ii) ballistic missile or advanced conventional 
weapons capabilities; or 
(iii) support for international terrorism; and 
Deadline. 
Reports. 
22 USC 8542. 
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124 STAT. 1347 
PUBLIC LAW 111–195—JULY 1, 2010 
(C) are— 
(i) items on the Commerce Control List or services 
related to those items; or 
(ii) defense articles or defense services on the 
United States Munitions List; or 
(2) that are prohibited for export to Iran under a resolution 
of the United Nations Security Council. 
(c) UPDATES.—The Director of National Intelligence shall 
update the report required by subsection (a)— 
(1) as new information becomes available; and 
(2) not less frequently than annually. 
(d) FORM.—The report required by subsection (a) and the 
updates required by subsection (c) may be submitted in classified 
form. 
SEC. 303. DESTINATIONS OF DIVERSION CONCERN. 
(a) DESIGNATION.— 
(1) IN GENERAL.—The President shall designate a country 
as a Destination of Diversion Concern if the President deter-
mines that the government of the country allows substantial 
diversion of goods, services, or technologies described in section 
302(b) through the country to Iranian end-users or Iranian 
intermediaries. 
(2) DETERMINATION OF SUBSTANTIAL.—For purposes of para-
graph (1), the President shall determine whether the govern-
ment of a country allows substantial diversion of goods, serv-
ices, or technologies described in section 302(b) through the 
country to Iranian end-users or Iranian intermediaries based 
on criteria that include— 
(A) the volume of such goods, services, and technologies 
that are diverted through the country to such end-users 
or intermediaries; 
(B) the inadequacy of the export controls of the country; 
(C) the unwillingness or demonstrated inability of the 
government of the country to control the diversion of such 
goods, services, and technologies to such end-users or inter-
mediaries; and 
(D) the unwillingness or inability of the government 
of the country to cooperate with the United States in efforts 
to interdict the diversion of such goods, services, or tech-
nologies to such end-users or intermediaries. 
(b) REPORT ON DESIGNATION.—Upon designating a country as 
a Destination of Diversion Concern under subsection (a), the Presi-
dent shall submit to the appropriate congressional committees a 
report— 
(1) notifying those committees of the designation of the 
country; and 
(2) containing a list of the goods, services, and technologies 
described in section 302(b) that the President determines are 
diverted through the country to Iranian end-users or Iranian 
intermediaries. 
(c) LICENSING REQUIREMENT.—Not later than 45 days after 
submitting a report required by subsection (b) with respect to 
a country designated as a Destination of Diversion Concern under 
subsection (a), the President shall require a license under the 
Export Administration Regulations or the International Traffic in 
Arms Regulations (whichever is applicable) to export to that country 
Deadline. 
President. 
22 USC 8543. 
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124 STAT. 1348 
PUBLIC LAW 111–195—JULY 1, 2010 
a good, service, or technology on the list required under subsection 
(b)(2), with the presumption that any application for such a license 
will be denied. 
(d) DELAY OF IMPOSITION OF LICENSING REQUIREMENT.— 
(1) IN GENERAL.—The President may delay the imposition 
of the licensing requirement under subsection (c) with respect 
to a country designated as a Destination of Diversion Concern 
under subsection (a) for a 12-month period if the President— 
(A) determines that the government of the country 
is taking steps— 
(i) to institute an export control system or 
strengthen the export control system of the country; 
(ii) to interdict the diversion of goods, services, 
or technologies described in section 302(b) through the 
country to Iranian end-users or Iranian intermediaries; 
and 
(iii) to comply with and enforce United Nations 
Security Council Resolutions 1696 (2006), 1737 (2006), 
1747 (2007), 1803 (2008), and 1929 (2010), and any 
other resolution that is agreed to by the Security 
Council and imposes sanctions with respect to Iran; 
(B) determines that it is appropriate to carry out 
government-to-government activities to strengthen the 
export control system of the country; and 
(C) submits to the appropriate congressional commit-
tees a report describing the steps specified in subparagraph 
(A) being taken by the government of the country. 
(2) ADDITIONAL
12-MONTH
PERIODS.—The President may 
delay the imposition of the licensing requirement under sub-
section (c) with respect to a country designated as a Destination 
of Diversion Concern under subsection (a) for additional 12- 
month periods after the 12-month period referred to in para-
graph (1) if the President, for each such 12-month period— 
(A) makes the determinations described in subpara-
graphs (A) and (B) of paragraph (1) with respect to the 
country; and 
(B) submits to the appropriate congressional commit-
tees an updated version of the report required by subpara-
graph (C) of paragraph (1). 
(3) STRENGTHENING
EXPORT
CONTROL
SYSTEMS.—If the 
President determines under paragraph (1)(B) that is it appro-
priate to carry out government-to-government activities to 
strengthen the export control system of a country designated 
as a Destination of Diversion Concern under subsection (a), 
the United States shall initiate government-to-government 
activities that may include— 
(A) cooperation by agencies and departments of the 
United States with counterpart agencies and departments 
in the country— 
(i) to develop or strengthen the export control 
system of the country; 
(ii) to strengthen cooperation among agencies of 
the country and with the United States and facilitate 
enforcement of the export control system of the country; 
and 
Determination. 
Reports. 
Time period. 
Determination. 
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124 STAT. 1349 
PUBLIC LAW 111–195—JULY 1, 2010 
(iii) to promote information and data exchanges 
among agencies of the country and with the United 
States; 
(B) training officials of the country to strengthen the 
export control systems of the country— 
(i) to facilitate legitimate trade in goods, services, 
and technologies; and 
(ii) to prevent terrorists and state sponsors of ter-
rorism, 
including 
Iran, 
from 
obtaining 
nuclear, 
biological, and chemical weapons, defense technologies, 
components for improvised explosive devices, and other 
defense articles; and 
(C) encouraging the government of the country to 
participate in the Proliferation Security Initiative, such 
as by entering into a ship boarding agreement pursuant 
to the Initiative. 
(e) TERMINATION
OF
DESIGNATION.—The designation of a 
country as a Destination of Diversion Concern under subsection 
(a) shall terminate on the date on which the President determines, 
and certifies to the appropriate congressional committees, that the 
country has adequately strengthened the export control system 
of the country to prevent the diversion of goods, services, and 
technologies described in section 302(b) to Iranian end-users or 
Iranian intermediaries. 
(f) FORM OF REPORTS.—A report required by subsection (b) 
or (d) may be submitted in classified form. 
SEC. 304. REPORT ON EXPANDING DIVERSION CONCERN SYSTEM TO 
ADDRESS THE DIVERSION OF UNITED STATES ORIGIN 
GOODS, SERVICES, AND TECHNOLOGIES TO CERTAIN 
COUNTRIES OTHER THAN IRAN. 
(a) IN GENERAL.—Not later than 1 year after the date of the 
enactment of this Act, the President shall submit to the appropriate 
congressional committees a report that— 
(1) identifies any country that the President determines 
is allowing the diversion, in violation of United States law, 
of items on the Commerce Control List or services related 
to those items, or defense articles or defense services on the 
United States Munitions List, that originated in the United 
States to another country if such other country— 
(A) is seeking to obtain nuclear, biological, or chemical 
weapons, or ballistic missiles; or 
(B) provides support for acts of international terrorism; 
and 
(2) assesses the feasability and advisability of expanding 
the system established under section 303 for designating coun-
tries as Destinations of Diversion Concern to include countries 
identified under paragraph (1). 
(b) FORM.—The report required by subsection (a) may be sub-
mitted in classified form. 
SEC. 305. ENFORCEMENT AUTHORITY. 
The Secretary of Commerce may designate any employee of 
the Office of Export Enforcement of the Department of Commerce 
to conduct activities specified in clauses (i), (ii), and (iii) of section 
12(a)(3)(B) of the Export Administration Act of 1979 (50 U.S.C. 
App. 2411(a)(3)(B)) when the employee is carrying out activities 
to enforce— 
22 USC 8544. 
Determination. 
President. 
Determination. 
Certification. 
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124 STAT. 1350 
PUBLIC LAW 111–195—JULY 1, 2010 
(1) the provisions of the Export Administration Act of 1979 
(50 U.S.C. App. 2401 et seq.) (as in effect pursuant to the 
International Emergency Economic Powers Act (50 U.S.C. 1701 
et seq.)); 
(2) the provisions of this title, or any other provision of 
law relating to export controls, with respect to which the Sec-
retary of Commerce has enforcement responsibility; or 
(3) any license, order, or regulation issued under— 
(A) the Export Administration Act of 1979 (50 U.S.C. 
App. 2401 et seq.) (as in effect pursuant to the International 
Emergency Economic Powers Act (50 U.S.C. 1701 et seq.)); 
or 
(B) a provision of law referred to in paragraph (2). 
TITLE IV—GENERAL PROVISIONS 
SEC. 401. GENERAL PROVISIONS. 
(a) SUNSET.—The provisions of this Act (other than sections 
105 and 305 and the amendments made by sections 102, 107, 
109, and 205) shall terminate, and section 13(c)(1)(B) of the Invest-
ment Company Act of 1940, as added by section 203(a), shall 
cease to be effective, on the date that is 30 days after the date 
on which the President certifies to Congress that— 
(1) the Government of Iran has ceased providing support 
for acts of international terrorism and no longer satisfies the 
requirements for designation as a state sponsor of terrorism 
(as defined in section 301) under— 
(A) section 6(j)(1)(A) of the Export Administration Act 
of 1979 (50 U.S.C. App. 2405(j)(1)(A)) (or any successor 
thereto); 
(B) section 40(d) of the Arms Export Control Act (22 
U.S.C. 2780(d)); or 
(C) section 620A(a) of the Foreign Assistance Act of 
1961 (22 U.S.C. 2371(a)); and 
(2) Iran has ceased the pursuit, acquisition, and develop-
ment of nuclear, biological, and chemical weapons and ballistic 
missiles and ballistic missile launch technology. 
(b) PRESIDENTIAL WAIVERS.— 
(1) IN GENERAL.—The President may waive the application 
of sanctions under section 103(b), the requirement to impose 
or maintain sanctions with respect to a person under section 
105(a), the requirement to include a person on the list required 
by section 105(b), the application of the prohibition under sec-
tion 106(a), or the imposition of the licensing requirement under 
section 303(c) with respect to a country designated as a Destina-
tion of Diversion Concern under section 303(a), if the President 
determines that such a waiver is in the national interest of 
the United States. 
(2) REPORTS.— 
(A) IN GENERAL.—If the President waives the applica-
tion of a provision pursuant to paragraph (1), the President 
shall submit to the appropriate congressional committees 
a report describing the reasons for the waiver. 
(B) SPECIAL RULE FOR REPORT ON WAIVING IMPOSITION 
OF LICENSING REQUIREMENT UNDER SECTION 303(c).—In any 
case in which the President waives, pursuant to paragraph 
Determination. 
President. 
Certification. 
22 USC 8551. 
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124 STAT. 1351 
PUBLIC LAW 111–195—JULY 1, 2010 
LEGISLATIVE HISTORY—H.R. 2194: 
HOUSE REPORTS: Nos. 111–342, Pt. 1 (Comm. on Foreign Affairs) and 111–512 
(Comm. of Conference). 
CONGRESSIONAL RECORD: 
Vol. 155 (2009): Dec. 15, considered and passed House. 
Vol. 156 (2010): Mar. 11, considered and passed Senate, amended. 
June 24, Senate and House agreed to conference report. 
DAILY COMPILATION OF PRESIDENTIAL DOCUMENTS (2010): 
July 1, Presidential remarks. 
(1), the imposition of the licensing requirement under sec-
tion 303(c) with respect to a country designated as a Des-
tination of Diversion Concern under section 303(a), the 
President shall include in the report required by subpara-
graph (A) of this paragraph an assessment of whether 
the government of the country is taking the steps described 
in subparagraph (A) of section 303(d)(1). 
(c) AUTHORIZATIONS OF APPROPRIATIONS.— 
(1) AUTHORIZATION OF APPROPRIATIONS FOR THE DEPART-
MENT
OF
STATE
AND
THE
DEPARTMENT
OF
THE
TREASURY.— 
There are authorized to be appropriated to the Secretary of 
State and to the Secretary of the Treasury such sums as may 
be necessary to implement the provisions of, and amendments 
made by, titles I and III of this Act. 
(2) AUTHORIZATION OF APPROPRIATIONS FOR THE DEPART-
MENT OF COMMERCE.—There are authorized to be appropriated 
to the Secretary of Commerce such sums as may be necessary 
to carry out title III. 
SEC. 402. DETERMINATION OF BUDGETARY EFFECTS. 
The budgetary effects of this Act, for the purpose of complying 
with the Statutory Pay-As-You-Go-Act of 2010, shall be determined 
by reference to the latest statement titled ‘‘Budgetary Effects of 
PAYGO Legislation’’ for this Act, jointly submitted for printing 
in the Congressional Record by the Chairmen of the House and 
Senate Budget Committees, provided that such statement has been 
submitted prior to the vote on passage in the House acting first 
on this conference report or amendment between the Houses. 
Approved July 1, 2010. 
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