[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6114 Introduced in House (IH)]
<DOC>
118th CONGRESS
1st Session
H. R. 6114
To impose additional sanctions with respect to Iran and modify other
existing sanctions with respect to Iran, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
October 30, 2023
Mr. Banks (for himself, Mr. Hern, Mr. Wilson of South Carolina, Mr.
Aderholt, Mr. Alford, Mr. Allen, Mr. Arrington, Mr. Bacon, Mr. Baird,
Mr. Barr, Mr. Buck, Mrs. Cammack, Mr. Ciscomani, Mr. Collins, Mr.
Crenshaw, Mr. Ellzey, Mr. Estes, Mr. Fallon, Mr. Feenstra, Mr.
Ferguson, Mr. Finstad, Mr. Fitzgerald, Mr. Fleischmann, Mr. Scott
Franklin of Florida, Mr. Mike Garcia of California, Mr. Gimenez, Mr.
Tony Gonzales of Texas, Mr. Good of Virginia, Mr. Gooden of Texas, Mr.
Green of Tennessee, Mr. Guest, Mr. Higgins of Louisiana, Mr. Hill, Mrs.
Houchin, Mr. Hudson, Mr. Jackson of Texas, Mr. Joyce of Ohio, Mr.
LaLota, Mr. Lamborn, Mr. Loudermilk, Mr. Luttrell, Ms. Malliotakis, Mr.
Mann, Mrs. McClain, Mr. Miller of Ohio, Mrs. Miller-Meeks, Mr. Mills,
Mr. Moolenaar, Mr. Mooney, Mr. Nehls, Mr. Norman, Mr. Obernolte, Mr.
Owens, Mr. Palmer, Mr. Pence, Mr. Pfluger, Mr. Reschenthaler, Mr. Rose,
Mr. Rutherford, Ms. Salazar, Mr. Self, Mr. Sessions, Mr. Smith of New
Jersey, Ms. Stefanik, Mr. Steil, Mr. Steube, Mr. Strong, Mr. Tiffany,
Mr. Van Drew, Ms. Van Duyne, Mrs. Wagner, Mr. Walberg, Mr. Waltz, Mr.
Weber of Texas, Mr. Williams of Texas, Mr. Wittman, Mr. Zinke, Mr.
Bost, Mr. Huizenga, Mr. Kean of New Jersey, Mr. Langworthy, Mr.
LaTurner, Mrs. Miller of West Virginia, Mr. Moore of Utah, Mr.
Newhouse, and Mr. Gallagher) introduced the following bill; which was
referred to the Committee on Foreign Affairs, and in addition to the
Committees on the Judiciary, Ways and Means, Oversight and
Accountability, Financial Services, Rules, and Intelligence (Permanent
Select), for a period to be subsequently determined by the Speaker, in
each case for consideration of such provisions as fall within the
jurisdiction of the committee concerned
_______________________________________________________________________
A BILL
To impose additional sanctions with respect to Iran and modify other
existing sanctions with respect to Iran, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE; TABLE OF CONTENTS.
(a) Short Title.--This Act may be cited as the ``Maximum Pressure
Act''.
(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 on Iranian responsibility for Hamas terror
attacks on October 7, 2023.
Sec. 4. Statement of policy.
Sec. 5. Severability.
TITLE I--MATTERS RELATING TO SANCTIONS AND SANCTION AUTHORITIES
Sec. 101. Codification of executive orders and continuation of certain
existing sanctions.
Sec. 102. Sanctions with respect to the Supreme Leader of Iran.
Sec. 103. Sanctions with respect to listed persons involved in
international arms sales to Iran.
Sec. 104. Additional conditions for termination and elimination of
sunset of sanctions under the Iran
Sanctions Act of 1996.
Sec. 105. Sectoral sanctions on Iran under the Iran Freedom and
Counter-Proliferation Act of 2012.
Sec. 106. Amendments to the comprehensive Iran Sanctions,
Accountability, and Divestment Act of 2010.
Sec. 107. Congressional review of certain actions relating to sanctions
imposed with respect to Iran.
Sec. 108. Clarification of guidance relating to Iran's shipping sector.
Sec. 109. Sunset of waiver and license authorities.
Sec. 110. Codification and application on transfers of funds involving
Iran.
Sec. 111. Applicability of congressional review of certain agency
rulemaking relating to Iran.
Sec. 112. Strict liability of parent companies and foreign subsidiaries
for violations of Foreign Corrupt Practices
Act of 1977.
Sec. 113. Expansion of sanctions with respect to efforts by Iran to
acquire ballistic missile and related
technology.
Sec. 114. Expansion of sanctions under Iran Sanctions Act of 1996 with
respect to persons that acquire or develop
ballistic missiles.
Sec. 115. Imposition of sanctions with respect to Ballistic Missile
Program of Iran.
Sec. 116. Mandatory sanctions with respect to financial institutions
that engage in certain transactions on
behalf of persons involved in human rights
abuses or that export sensitive technology
to Iran.
Sec. 117. Additional sanctions with respect to foreign persons that
support or conduct certain transactions
with Iran's Revolutionary Guard Corps or
other sanctioned persons.
TITLE II--MATTERS RELATING TO THE FINANCING OF TERRORISM
Sec. 201. Prohibitions of International Monetary Fund allocations for
Iran.
Sec. 202. Certification requirement for removal of designation of Iran
as a jurisdiction of primary money
laundering concern.
Sec. 203. Requirement to take special measures at domestic financial
institutions.
Sec. 204. Additional sanctions with respect to foreign persons that are
officials, agents, or affiliates of, or
owned or controlled by, Iran's
Revolutionary Guard Corps.
Sec. 205. Additional sanctions with respect to foreign persons that
support or conduct certain transactions
with Iran's Revolutionary Guard Corps or
other sanctioned persons.
Sec. 206. Reports on certain Iranian persons and sectors of Iran's
economy that are controlled by Iran's
Revolutionary Guard Corps.
TITLE III--MATTERS RELATING TO THE DESIGNATION OF CERTAIN ENTITIES
Sec. 301. Prohibition on future waivers and licenses connected to the
designation of the IRGC.
Sec. 302. Prohibition on future waivers and licenses connected to the
designation of the IRGC as a foreign
terrorist organization.
Sec. 303. Measures with respect to Ansarallah in Yemen.
TITLE IV--DETERMINATIONS AND REPORTS
Sec. 401. Determinations with respect to the imposition of sanctions.
Sec. 402. Iranian militia watchlists.
Sec. 403. Expansion of reporting to include Iranian arms shipments to
the Houthis and Iranian backed militias in
Iraq and Syria.
Sec. 404. Annual report on Iran sanctions violations.
Sec. 405. Report on sanctions relief going to terrorism or
destabilizing activities.
Sec. 406. Supporting human rights for the people of Iran and the
victims of Iranian human rights abuses in
Syria, Lebanon, Yemen, and Venezuela.
Sec. 407. Determination with respect to net worth of Iranian Supreme
Leader Ayatollah Ali Khamenei.
Sec. 408. IRGC watch list and report.
Sec. 409. Report on Iran's breakout timeline for uranium enrichment and
nuclear weaponization.
Sec. 410. Report on Iranian disinformation campaigns and counter-
disinformation efforts.
Sec. 411. Report on Iranian support to Hamas.
Sec. 412. Report on unblocked Iranian assets and terrorism.
Sec. 413. Report on Iranian counterintelligence threats in the United
States.
TITLE V--ADDITIONAL MATTERS
Sec. 501. Increasing rewards for justice for Hamas, Hezbollah, the
Islamic Revolutionary Guard Corps and other
terrorists involved in October 7, 2023,
terrorist attacks against Israel.
Sec. 502. Repurposing frozen Iranian funds for United States Victims of
State Sponsored Terrorism fund.
Sec. 503. Determination regarding applicable Iranian financial
institutions under executive order 13902.
SEC. 2. FINDINGS.
Congress finds the following:
(1) Iran is the world's leading State sponsor of terrorism.
It seeks ``death to America'' and the destruction of the State
of Israel.
(2) Iran's pursuit of nuclear weapons, its efforts to
destroy the State of Israel, its support of terrorism, its
destabilizing behavior in the Middle East, its development and
proliferation of drones and ballistic missiles, and its gross
violations of human rights against its own people and the
peoples of the Middle East are a threat to the national
security of the United States, our allies, and international
peace and security.
(3) Iran and its proxies have planned, directed, sponsored,
and funded terrorist plots throughout the world and on United
States soil, including the October 2023, mass murder and
hostage-taking of Israeli civilians by Hamas and the killing of
at least 31 United States citizens in that attack, the 2011
attempted assassination of the Saudi Arabian Ambassador to the
United States in Washington, DC, the 1994 bombing of the
Asociacion Mutual Israelita Argentina in Buenos Aires,
Argentina, which killed over 85 people, and the 2012 bus
bombing in Burgas, Bulgaria, which killed 5 Israelis.
(4) Experts estimate that Iran as of September 2023, has
enough highly enriched uranium to produce weapons-grade uranium
for 1 nuclear bomb within 12 days and as many as 6 nuclear
bombs within 1 month. Iran continues to enrich uranium to
levels for which there is no conceivable civilian purpose and
which could only be used to produce a nuclear weapon.
(5) According to multiple United States Directors of
National Intelligence, Iran has the largest arsenal of
ballistic missiles in the Middle East. Iran also possesses a
robust cruise missile arsenal and advanced drone capability,
which threaten United States and allied air and missile
defenses. Iran tests, transfers, and even uses these systems in
military operations abroad.
(6) Iran has given ballistic missiles, drones, and
associated technology to the Houthis in Yemen, Shiite militias
in Iraq, the Assad regime in Syria, and Hezbollah in Lebanon,
and is trafficking precision-guided munitions parts through the
Middle East to upgrade the rocket forces of its chief proxy,
Hezbollah.
(7) Iran has sold thousands of drones to Russia for its use
in its invasion of Ukraine, leading to mass attacks on civilian
infrastructure, and has given Russia the technology and
knowledge to produce these drones in Russia.
(8) Iran continues to take United States citizens hostage
in order to extract ransom payments from the United States and
exchange arbitrarily detained United States citizens for
Iranian agents arrested for violating United States sanctions
and for other malign activities.
(9) The Joint Comprehensive Plan of Action negotiated by
former President Barack Obama was fatally flawed, did not
eliminate Iran's pathway to a nuclear weapon, and allowed Iran
to retain and refine its ability to quickly resume its pursuit
of a nuclear weapon.
(10) The failed Iran nuclear agreement provided Iran with
over $100,000,000,000 in sanctions relief that was used by Iran
to fuel proxy wars across the Middle East.
(11) The failed Iran nuclear agreement lifted the United
Nations conventional arms embargo on Iran in October 2020,
permitting Russia and China to engage in international arms
sales with Iran.
(12) The failed Iran nuclear agreement also lifted the
United Nations missile embargo on Iran in October 2023,
allowing Iran to sell and purchase drone and ballistic missile
technology.
(13) A central flaw of the failed Iran nuclear deal was
that the agreement solely focused on nuclear weapons and did
not address non-nuclear issues like Iran's support for
terrorism, drone and ballistic missile technology, gross human
rights abuses, and Iran's other malign activities.
(14) On May 21, 2018, 2 weeks after President Trump
withdrew from the failed Iran nuclear deal, former Secretary of
State Mike Pompeo laid out 12 demands that would need to be met
by Iran as part of any agreement related to the lifting of
sanctions, and the re-establishment of diplomatic and
commercial relations with Iran.
(15) Former President Donald Trump's maximum pressure
campaign on Iran denied the regime unprecedented revenue it
would have otherwise spent on terrorism.
(16) On December 31, 2019, then-Iranian President Hassan
Rouhani admitted that Iran had lost $200 billion in revenue
because of United States sanctions.
(17) Iran's 2019 defense budget cut defense spending by 28
percent, including a 17 percent cut to the Islamic
Revolutionary Guard Corps, a designated foreign terrorist
organization. Hezbollah terrorists and Iranian backed militias
were denied resources and were forced to cut salaries of their
fighters.
(18) The Iranian rial lost around 70 percent of its value
due to President Trump's maximum pressure campaign.
(19) According to the International Monetary Fund, Iran's
accessible foreign exchange reserves plunged to $4,000,000,000
in 2020 from $123,000,000,000 in 2018, or a decrease of over 96
percent.
(20) During the maximum pressure campaign, the United
States was able to achieve the release of 2 hostages in Iran,
Xiyue Wang and Michael White, without lifting sanctions or
transferring cash to Iran.
(21) President Joe Biden's relentless attempts to re-enter
the failed Iran nuclear agreement squandered much of the
leverage created by President Trump's maximum pressure
campaign.
(22) The Biden Administration's pursuit of an even weaker
deal with Iran broke previous pledges made by administration
officials to pursue a ``longer and stronger'' deal that
extended sunset dates of restrictions and which would cover a
broader range of Iran's malign activity.
(23) Amid the multiple failed rounds of talks to get Iran
to reenter the Iran nuclear agreement, the Biden administration
reportedly offered to remove the Islamic Revolutionary Guard
Corps from the Foreign Terrorist Organization list, despite the
group's obvious involvement in and support for terrorism, until
news of this offer became public.
(24) The Iranian regime has made more than $80,000,000,000
in illicit oil sales since President Biden took office due to
the administration's lax enforcement of sanctions on Iranian
oil exports. Total Iranian oil exports reached nearly 2,000,000
barrels per day in August 2023, the highest since before the
maximum pressure campaign began.
(25) In 2021, Iran increased funding for the Islamic
Revolutionary Guard Corps by 14 percent, reversing budget cuts
imposed as a result of maximum pressure.
(26) Iran's accessible foreign exchange reserves have risen
from $4,000,000,000 in 2020 to at least $43,000,000,000 in
2023.
(27) In July 2023, the United States unfroze nearly
$10,000,000,000 held in Iraqi banks for Iraq to pay to the
Iranian regime.
(28) In August 2023, the Biden Administration agreed to
give Iran access to $6,000,000,000 in previously frozen funds
and released several Iranians in prison for violating United
States sanctions in exchange for the release of 5 United States
hostages. This represents the largest ransom payment in United
States history.
(29) On March 18, 2021, in an interview with BBC Persian,
President Biden's Special Envoy for Iran and lead United States
negotiator in talks to re-enter the Iran deal, Robert Malley,
stated ``President Biden and all of his senior advisers have
said this--the maximum pressure campaign has failed. It was a
failure, a predicted failure. It hasn't made life any better
for the Iranian people; it hasn't made life any better for the
United States and the region; it hasn't brought us any closer
to this better deal that President Trump spoke about.''.
(30) In June 2023, it was revealed that the State
Department had placed Malley on leave and had suspended his
security clearance, reportedly due to accusations that Malley
mishandled classified information.
(31) In September 2023, it was revealed that Malley had
deep ties to several experts who were part of an Iranian
Government influence operation during the Iran deal
negotiations to convince Western governments to support lighter
demands on Iran. These experts have since served in senior
staff positions in the Department of Defense and have advised
executive branch officials on issues related to Iran.
(32) In September 2022, the Iranian regime's ``Morality
Police'' detained, brutally beat, and killed 22-year old Mahsa
Amini for allegedly violating Islamic dress code. Mahsa's death
spurred the largest anti-regime and pro-democracy protests in
Iran since the 1979 revolution, with hundreds of thousands of
Iranians chanting ``Death to the Dictator''.
(33) Iranian regime forces cracked down on the protests,
killing at least 500 protestors, and eventually reinstated
street patrols of the Morality Police and has continued
brutalizing women who do not adhere to its strict dress code.
(34) On September 12, 2023, the House of Representatives
passed the passed the MAHSA Act, which imposes sanctions on
Iranian leadership, including the Supreme Leader of Iran, for
their responsibility for Mahsa's death and for their repression
of innocent Iranians like Mahsa. The MAHSA Act represents a
Congress bipartisan consensus that the Biden administration's
policy on Iran has clearly failed and that Iranian regime
officials must be held accountable for their crimes.
(35) Iranian proxy group Hamas carried out a massacre of
Israeli and other civilians on October 7, 2023, that killed
more than 1,400 Israelis and foreign nationals, including
United States citizens, and which took nearly 200 people into
Gaza as hostages.
SEC. 3. SENSE OF CONGRESS ON IRANIAN RESPONSIBILITY FOR HAMAS TERROR
ATTACKS ON OCTOBER 7, 2023.
It is the sense of Congress that--
(1) Iran is clearly culpable for Hamas' terrorist attack
against Israel on October 7, 2023, as a result of its funding,
training, and coordination of Hamas and other terrorist
organizations;
(2) any funds directly or indirectly released to Iran, or
funds freed up by the expectation of the imminent release of
those funds, benefit Iran's terrorist proxies like Hamas and
Hezbollah and encourage further acts of terrorism;
(3) all funds previously released to Iran be immediately
frozen and that all licenses and waivers allowing funding to
directly or indirectly flow to Iran be suspended immediately;
and
(4) the only suitable punishment for Iran's participation
in and organization of this mass murder is for the United
States to halt its appeasement of the Iranian regime and to
return to a policy of maximum pressure.
SEC. 4. STATEMENT OF POLICY.
It is the policy of the United States as follows:
(1) To deny Iran all paths to a nuclear weapon and
intercontinental ballistic missiles capability, including by
permanently, verifiably, and irreversibly eliminating its
capabilities related to enrichment.
(2) To deter and defeat any attempts by Iran and its
terrorist proxies to destroy the State of Israel.
(3) To roll back the totality of Iran's malign influence
and activities in the Middle East.
(4) To support the human rights of the people of Iran and
to encourage their continued opposition to their illegitimate
and brutal regime.
(5) To require that any new agreement with Iran should be
submitted to the Senate for ratification as a treaty.
(6) To impose maximum economic pressure on Iran, and keep
all sanctions in place on Iran, until the regime fulfills the
following 12 demands laid out by former Secretary of State
Pompeo on May 21, 2018:
(A) Iran must declare to the International Atomic
Energy Agency a full account of the prior military
dimensions of its nuclear program, and permanently and
verifiably abandon such work in perpetuity.
(B) Iran must stop enrichment and never pursue
plutonium reprocessing, including closing its heavy
water reactor.
(C) Iran must also provide the International Atomic
Energy Agency with unqualified access to all sites
throughout the entire country.
(D) Iran must end its proliferation of ballistic
missiles and halt further launching or development of
nuclear-capable missile systems.
(E) Iran must release all United States citizens as
well as citizens of United States partners and allies,
each of them detained on spurious charges.
(F) Iran must end its support for terrorism,
including Hezbollah, Hamas and Palestinian Islamic
Jihad.
(G) Iran must respect the sovereignty of the Iraqi
Government and permit the disarming, demobilization and
reintegration of Iranian backed militias.
(H) Iran must end its military support for the
Houthi terrorists and work towards a peaceful,
political settlement in Yemen.
(I) Iran must withdraw all forces under Iranian
command throughout the entirety of Syria.
(J) Iran must end support for the Taliban and other
terrorists in Afghanistan and the region and cease
harboring senior al-Qaeda leaders.
(K) Iran must end the Islamic Revolutionary Guard
Corps' support for terrorists around the world.
(L) Iran must end its threatening behavior against
its neighbors including its threats to destroy Israel
and its firing of missiles at Saudi Arabia and the
United Arab Emirates, and threats to international
shipping and destructive cyberattacks.
SEC. 5. SEVERABILITY.
If any provision of this Act, or an amendment made by this Act, or
the application of such provision or amendment to any person or
circumstance, is held to be invalid, the remainder of this Act, the
amendments made by this Act, and the application of such provision and
amendments to other persons or circumstances, shall not be affected.
TITLE I--MATTERS RELATING TO SANCTIONS AND SANCTION AUTHORITIES
SEC. 101. CODIFICATION OF EXECUTIVE ORDERS AND CONTINUATION OF CERTAIN
EXISTING SANCTIONS.
(a) Codification.--Executive Orders 13606, 13628, 13846, 13871,
13876, 13902, and 13949, as in effect on January 20, 2021, shall remain
in effect and continue to apply until the date on which the President
submits a certification to Congress pursuant to section 8 of the Iran
Sanctions Act of 1996 (50 U.S.C. 1701 note) as amended by this Act.
(b) Prohibition on Removal of Persons From SDN List.--The President
may not remove the following individuals or entities from the Specially
Designated Nationals and Blocked Persons list maintained by the Office
of Foreign Asset Control of the Department of the Treasury, if such
persons were placed on such list during the period beginning on May 8,
2019, and ending January 20, 2021, unless the President submits a
certification to Congress pursuant to section 8 of the Iran Sanctions
Act of 1996 (50 U.S.C. 1701 note) as amended by this Act:
(1) Any Iranian individual or entity.
(2) Any individual or entity included in such list as a
result of activities connected to Iran.
(3) Asa'iab ahl al-Haq, Zainabiyoun, Fatemiyoun, and
Harakat Hezbollah al-Nujaba.
(c) Reimposition of Sanctions.--Any sanctions imposed during the
period beginning on May 8, 2019, and ending January 20, 2021, with
respect to any person described in subsection (b)(1) or (b)(2), and
subsequently lifted before the date of the enactment of this Act, shall
be reimposed with respect to such persons beginning on the date of the
enactment of this Act and shall remain in effect until the date on
which the President submits a certification to Congress pursuant to
section 8 of the Iran Sanctions Act of 1996 (50 U.S.C. 1701 note) as
amended by this Act.
SEC. 102. SANCTIONS WITH RESPECT TO THE SUPREME LEADER OF IRAN.
(a) In General.--Not later than 30 days after the date of the
enactment of this Act, the President shall impose the sanctions
described in subsection (b) with respect to the following individuals:
(1) The Supreme Leader of the Islamic Republic of Iran.
(2) Each member of the Iranian Supreme Leader's Office.
(3) Any person appointed by the Supreme Leader of Iran or
the Supreme Leader's Office to a position as--
(A) a state official of Iran;
(B) as the head of an entity located in Iran; or
(C) as the head of an entity located outside of
Iran that is owned or controlled by one or more
entities in Iran.
(4) Any person appointed to a position described in
subparagraphs (A) through (C) of paragraph (3) by a person
described in paragraph (3).
(5) Any person the President determines has materially
assisted, sponsored, or provided financial, material, or
technological support for, or goods or services to or in
support of any person whose property and interests in property
are blocked pursuant to this section.
(6) Any person the President determines is owned or
controlled by, or to have acted or purported to act for or on
behalf of, directly or indirectly, any person whose property
and interests in property are blocked pursuant to this section.
(7) Any person the President determines conducts a
significant transaction or transactions with, or provides
material support to or for anyone described in paragraphs (1)
through (6).
(8) Any person who is a member of the board of directors or
a senior executive officer of any person whose property and
interests in property are blocked pursuant to this section.
(b) Sanctions Described.--
(1) In general.--The sanctions described in this subsection
are the following:
(A) Blocking of property.--The President shall
exercise all of the powers granted to the President
under the International Emergency Economic Powers Act
(50 U.S.C. 1701 et seq.) to block and prohibit all
transactions in property and interests in property of
the foreign person if such property and interests in
property are in the United States, come within the
United States, or are or come within the possession or
control of a United States person.
(B) Aliens ineligible for visas, admission, or
parole.--
(i) Visas, admission, or parole.--An alien
who the Secretary of State or the Secretary of
Homeland Security (or a designee of one of such
Secretaries) knows, or has reason to believe,
has knowingly engaged in any activity described
in subsection (a)(2) is--
(I) inadmissible to the United
States;
(II) ineligible to receive a visa
or other documentation to enter the
United States; and
(III) otherwise ineligible to be
admitted or paroled into the United
States or to receive any other benefit
under the Immigration and Nationality
Act (8 U.S.C. 1101 et seq.).
(ii) Current visas revoked.--
(I) In general.--The issuing
consular officer, the Secretary of
State, or the Secretary of Homeland
Security (or a designee of one of such
Secretaries) shall, in accordance with
section 221(i) of the Immigration and
Nationality Act (8 U.S.C. 1201(i)),
revoke any visa or other entry
documentation issued to an alien
described in clause (i) regardless of
when the visa or other entry
documentation is issued.
(II) Effect of revocation.--A
revocation under subclause (I) shall
take effect immediately and shall
automatically cancel any other valid
visa or entry documentation that is in
the alien's possession.
(2) Exceptions.--
(A) UN headquarters agreement.--The sanctions
described under paragraph (1)(B) shall not apply with
respect to an alien if admitting or paroling the alien
into the United States is necessary to permit the
United States to comply with the Agreement regarding
the Headquarters of the United Nations, signed at Lake
Success June 26, 1947, and entered into force November
21, 1947, between the United Nations and the United
States, or other applicable international obligations.
(B) Prior transfer directive.--The sanctions
described under paragraph (1)(A) shall not apply with
respect to property and interests in property of the
Government of Iran that were blocked pursuant to
Executive Order 12170 of November 14, 1979 (Blocking
Iranian Government Property), and thereafter made
subject to the transfer directives set forth in
Executive Order 12281 of January 19, 1981 (Direction to
Transfer Certain Iranian Government Assets), and any
implementing regulations with respect to such Executive
Order 12281.
(C) Humanitarian exception.--The sanctions
described under paragraph (1)(B) and (1)(A) shall not
apply with respect to any person for conducting or
facilitating a transaction for the provision (including
any sale) of agricultural commodities, food, medicine,
or medical devices to Iran.
(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 regulations
promulgated to carry out this section or the sanctions imposed pursuant
to 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) Termination.--Sanctions imposed in accordance with this section
may be terminated or may be waived with respect to a foreign person if
the President submits the certification required in section 8 of the
Iran Sanctions Act of 1996 (50 U.S.C. 1701 note) as amended by this
Act.
SEC. 103. SANCTIONS WITH RESPECT TO LISTED PERSONS INVOLVED IN
INTERNATIONAL ARMS SALES TO IRAN.
(a) Imposition of Sanctions.--
(1) In general.--Not later than 60 days after the date of
the enactment of this Act, and every 180 days thereafter, the
President shall impose the sanctions described in subsection
(b) with respect to each foreign person the President
determines, on or after such date of enactment, engages in an
activity described in paragraph (2).
(2) Activity described.--An activity described in this
paragraph is any of the following:
(A) Any activity that materially contributes to the
supply, sale, or transfer, directly or indirectly, to
or from Iran, or for the use in or benefit of Iran, of
arms or related materiel, including spare parts.
(B) The provision to the Government of Iran any
technical training, financial resources or services,
advice, other services, or assistance related to the
supply, sale, transfer, manufacture, maintenance, or
use of arms and related materiel described in
subparagraph (A).
(C) Any activity that materially contributes to, or
poses a risk of materially contributing to, the
proliferation of arms or related materiel or items
intended for military end-uses or military end-users,
including any efforts to manufacture, acquire, possess,
develop, transport, transfer, or use such items, by the
Government of Iran (including persons owned or
controlled by, or acting for or on behalf of the
Government of Iran) or paramilitary organizations
financially or militarily supported by the Government
of Iran.
(D) Materially assisting, sponsoring, or providing
financial, material, or technological support for, or
goods or services to or in support of, any person whose
property and interests in property are blocked pursuant
to this Act.
(E) Making any contribution or provision of funds,
goods, or services by, to, or for the benefit of any
person whose property and interests in property are
blocked pursuant to this Act.
(F) Receiving any contribution or provision of
funds, goods, or services from any such person whose
property and interests in property are blocked pursuant
to this Act.
(G) Being owned or controlled by, or acting or
purporting to act for or on behalf of, directly or
indirectly, any person whose property and interests in
property are blocked pursuant to this Act.
(b) Sanctions Described.--
(1) In general.--The sanctions described in this subsection
are the following:
(A) Blocking of property.--The President shall
exercise all of the powers granted to the President
under the International Emergency Economic Powers Act
(50 U.S.C. 1701 et seq.) to the extent necessary to
block and prohibit all transactions in property and
interests in property of the foreign person if such
property and interests in property are in the United
States, come within the United States, or are or come
within the possession or control of a United States
person.
(B) Aliens ineligible for visas, admission, or
parole.--
(i) Visas, admission, or parole.--An alien
who the Secretary of State or the Secretary of
Homeland Security (or a designee of one of such
Secretaries) knows, or has reason to believe,
has knowingly engaged in any activity described
in subsection (a)(2) is--
(I) inadmissible to the United
States;
(II) ineligible to receive a visa
or other documentation to enter the
United States; and
(III) otherwise ineligible to be
admitted or paroled into the United
States or to receive any other benefit
under the Immigration and Nationality
Act (8 U.S.C. 1101 et seq.).
(ii) Current visas revoked.--
(I) In general.--The issuing
consular officer, the Secretary of
State, or the Secretary of Homeland
Security (or a designee of one of such
Secretaries) shall, in accordance with
section 221(i) of the Immigration and
Nationality Act (8 U.S.C. 1201(i)),
revoke any visa or other entry
documentation issued to an alien
described in clause (i) regardless of
when the visa or other entry
documentation is issued.
(II) Effect of revocation.--A
revocation under subclause (I) shall
take effect immediately and shall
automatically cancel any other valid
visa or entry documentation that is in
the alien's possession.
(2) Exceptions.--
(A) UN headquarters agreement.--The sanctions
described under paragraph (1)(B) shall not apply with
respect to an alien if admitting or paroling the alien
into the United States is necessary to permit the
United States to comply with the Agreement regarding
the Headquarters of the United Nations, signed at Lake
Success June 26, 1947, and entered into force November
21, 1947, between the United Nations and the United
States, or other applicable international obligations.
(B) Prior transfer directive.--The sanctions
described under paragraph (1)(A) shall not apply with
respect to property and interests in property of the
Government of Iran that were blocked pursuant to
Executive Order 12170 of November 14, 1979 (Blocking
Iranian Government Property), and thereafter made
subject to the transfer directives set forth in
Executive Order 12281 of January 19, 1981 (Direction to
Transfer Certain Iranian Government Assets), and any
implementing regulations with respect to such Executive
Order 12281.
(C) Humanitarian exception.--The sanctions
described under paragraph (1)(B) and (1)(A) shall not
apply with respect to any person for conducting or
facilitating a transaction for the provision (including
any sale) of agricultural commodities, food, medicine,
or medical devices to Iran.
(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 regulations
promulgated to carry out this section or the sanctions imposed pursuant
to 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) Termination.--
(1) In general.--Sanctions may be terminated or may be
waived with respect to a foreign person described in subsection
(a)(1)(A) if the President certifies to the appropriate
congressional committees that the person is no longer engaged
in activities described in paragraph (2) of such subsection.
(2) Appropriate congressional committees.--In this
subsection, the term ``appropriate congressional committees''
means--
(A) the Committee on Foreign Affairs and the
Committee on Financial Services of the House of
Representatives; and
(B) the Committee on Foreign Relations and the
Committee on Banking, Housing, and Urban Affairs of the
Senate.
SEC. 104. ADDITIONAL CONDITIONS FOR TERMINATION AND ELIMINATION OF
SUNSET OF SANCTIONS UNDER THE IRAN SANCTIONS ACT OF 1996.
(a) Termination Conditions.--Section 8 of the Iran Sanctions Act of
1996 (50 U.S.C. 1701 note) is amended--
(1) by striking ``The requirement'' and inserting ``(a) In
General.--The requirement''; and
(2) by adding at the end the following:
``(b) Additional Conditions for Termination.--In addition to the
requirement under subsection (a), sanctions imposed under section 5(a)
shall remain in effect unless the President determines and certifies to
the appropriate congressional committees that Iran has complied with
each of the following:
``(1) Declared to the International Atomic Energy Agency a
full account of the prior military dimensions of its nuclear
program and permanently and verifiably abandons such work in
perpetuity.
``(2) Stopped enrichment of and never returns to plutonium
reprocessing, including by closing its heavy water reactor.
``(3) Provided the International Atomic Energy Agency with
unqualified access to all sites throughout the entire country.
``(4) Ended its proliferation of ballistic missiles and
halts further launching or development of nuclear-capable
missile systems.
``(5) Released all United States citizens, as well as
citizens of United States partners and allies, that are
unjustly detained and held captive in Iran.
``(6) Respected the sovereignty of the Government of Iraq
through no longer preventing, hindering, or disrupting any
efforts by that Government with regard to the disarming,
demobilization and reintegration of Iranian-backed militias in
Iraq.
``(7) Ended its military support for the Houthi militia
(Ansarallah) and worked towards a peaceful, political
settlement in Yemen.
``(8) Withdrawn all forces under Iran's command throughout
the entirety of Syria.
``(9) Ended support for the Taliban and other terrorists in
Afghanistan and the region and ceased to harbor senior al-Qaeda
leaders.
``(10) Ended the Islamic Revolutionary Guard Corps' Quds
Force's support for terrorists around the world.
``(11) Ended its threatening behavior against its
neighbors, including its threats to destroy Israel and its
firing of missiles at Saudi Arabia and the United Arab
Emirates, threats to international shipping, and destructive
cyberattacks.
``(12) Ceased violently attacking and killing peaceful
protesters in Iran, and provided a full accounting for the 1500
peaceful protesters reported to be killed in November 2019 when
fired upon by Iranian security forces.''.
(b) Elimination of Sunset.--Section 13 of the Iran Sanctions Act of
1996 (50 U.S.C. 1701 note) is repealed.
SEC. 105. SECTORAL SANCTIONS ON IRAN UNDER THE IRAN FREEDOM AND
COUNTER-PROLIFERATION ACT OF 2012.
(a) Amendments With Respect to Covered Sectors.--
(1) Subsection (b) of section 1244 of the National Defense
Authorization Act for Fiscal Year 2013 (22 U.S.C. 8803) is
amended by inserting ``iron, steel, aluminum, copper,
construction, manufacturing, mining, textile, petrochemical,
automotive, financial'' after ``energy,'' each place it
appears.
(2) Subsection (c) of such section 1244 is amended by
inserting ``iron, steel, aluminum, copper, construction,
manufacturing, mining, textile, petrochemical, automotive,
financial'' after ``energy,'' each place it appears.
(b) Amendment With Respect To Waiver Authority.--Subsection (i) of
such section 1244 is amended by adding at the end the following:
``(3) Termination.--The authority to issue a waiver under
this section shall terminate on the date that is 2 years after
the date of the enactment of this paragraph.''.
(c) Termination of Certain Waivers of Sanctions With Respect to
Nuclear Activities in or With Iran.--
(1) Termination.--As of the date of the enactment of this
Act, any waiver of the application of sanctions provided for
under any of sections 1244 through 1247 of the National Defense
Authorization Act for Fiscal Year 2013 (22 U.S.C. 8803 through
8806), or provided to enable an activity described in
subsection (b), is terminated. The President may not issue a
new such waiver for such an activity on or after such date of
enactment unless the President makes the certification to
Congress pursuant to section 8 of the Iran Sanctions Act of
1996 (50 U.S.C. 1701 note) as amended by this Act.
(2) Activities described.--An activity described in this
subsection is a nuclear activity in or with Iran with respect
to which a waiver described in subsection (a) was issued in
connection with the Joint Comprehensive Plan of Action,
including the following:
(A) The Arak reactor redesign.
(B) The transfer into Iran of enriched uranium for
the Tehran Research Reactor.
(C) The modification of 2 centrifuge cascades at
the Fordow facility for nonsensitive purposes.
(3) Joint comprehensive plan of action defined.--In this
section, the term ``Joint Comprehensive Plan of Action'' means
the Joint Comprehensive Plan of Action signed at Vienna on July
14, 2015, by Iran and by France, Germany, the Russian
Federation, the People's Republic of China, the United Kingdom,
and the United States, and all implementing materials and
agreements related to the Joint Comprehensive Plan of Action.
SEC. 106. AMENDMENTS TO THE COMPREHENSIVE IRAN SANCTIONS,
ACCOUNTABILITY, AND DIVESTMENT ACT OF 2010.
(a) Amendments to Criteria for Termination.--Section 401 of the
Comprehensive Iran Sanctions, Accountability, and Divestment Act of
2010 is amended by adding at the end the following:
``(d) Additional Matters To Be Certified.--The certification
described in subsection (a) shall also include a certification that
Iran has complied with each of the following:
``(1) Declared to the International Atomic Energy Agency a
full account of the prior military dimensions of its nuclear
program and permanently and verifiably abandons such work in
perpetuity.
``(2) Stopped enrichment of and never returns to plutonium
reprocessing, including by closing its heavy water reactor.
``(3) Provided the International Atomic Energy Agency with
unqualified access to all sites throughout the entire country.
``(4) Ended its proliferation of ballistic missiles and
halts further launching or development of nuclear-capable
missile systems.
``(5) Released all United States citizens, as well as
citizens of United States partners and allies, that are
unjustly detained and held captive in Iran.
``(6) Respected the sovereignty of the Government of Iraq
through no longer preventing, hindering, or disrupting any
efforts by that Government with regard to the disarming,
demobilization and reintegration of Iranian-backed militias in
Iraq.
``(7) Ended its military support for the Houthi militia
(Ansarallah) and worked towards a peaceful, political
settlement in Yemen.
``(8) Withdrawn all forces under Iran's command throughout
the entirety of Syria.
``(9) Ended support for the Taliban and other terrorists in
Afghanistan and the region and ceased to harbor senior al-Qaeda
leaders.
``(10) Ended the Islamic Revolutionary Guard Corps' Quds
Force's support for terrorists around the world.
``(11) Ended its threatening behavior against its
neighbors, including its threats to destroy Israel and its
firing of missiles at Saudi Arabia and the United Arab
Emirates, threats to international shipping, and destructive
cyberattacks.
``(12) Ceased violently attacking and killing peaceful
protesters in Iran, and provided a full accounting for the 1500
peaceful protesters reported to be killed in November 2019 when
fired upon by Iranian security forces.
``(e) Termination of Waiver Authority.--The authority to issue a
waiver under this section shall terminate on the date that is 2 years
after the date of the enactment of this subsection.''.
(b) Listing of Iranian Persons for Human Rights Abuses Committed in
Other Countries.--Section 105(b)(1) of the Comprehensive Iran
Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 8514)
is amended by inserting ``, or against the people of Iraq, Syria,
Lebanon, Yemen, or Venezuela'' before the period at the end.
SEC. 107. CONGRESSIONAL REVIEW OF CERTAIN ACTIONS RELATING TO SANCTIONS
IMPOSED WITH RESPECT TO IRAN.
(a) Submission to Congress of Proposed Action.--
(1) In general.--Notwithstanding any other provision of
law, before taking any action described in paragraph (2), the
President shall submit to the appropriate congressional
committees and leadership a report that describes the proposed
action and the reasons for that action.
(2) Actions described.--
(A) In general.--An action described in this
paragraph is--
(i) an action to terminate the application
of any sanctions described in subparagraph (B);
(ii) with respect to sanctions described in
subparagraph (B) imposed by the President with
respect to a person, an action to waive the
application of those sanctions with respect to
that person; or
(iii) a licensing action that significantly
alters United States foreign policy with
respect to Iran.
(B) Sanctions described.--The sanctions described
in this subparagraph are sanctions with respect to Iran
provided for under--
(i) the Iran Sanctions Act of 1996 (Public
Law 104-172; 50 U.S.C. 1701 note);
(ii) the Comprehensive Iran Sanctions,
Accountability, and Divestment Act of 2010 (22
U.S.C. 8501 et seq.);
(iii) section 1245 of the National Defense
Authorization Act for Fiscal Year 2012 (22
U.S.C. 8513a);
(iv) the Iran Threat Reduction and Syria
Human Rights Act of 2012 (22 U.S.C. 8701 et
seq.);
(v) the Iran Freedom and Counter-
Proliferation Act of 2012 (22 U.S.C. 8801 et
seq.);
(vi) the International Emergency Economic
Powers Act (50 U.S.C. 1701 note); or
(vii) any other statute or Executive order
that requires or authorizes the imposition of
sanctions with respect to Iran.
(3) Description of type of action.--Each report submitted
under paragraph (1) with respect to an action described in
paragraph (2) shall include a description of whether the
action--
(A) is not intended to significantly alter United
States foreign policy with respect to Iran; or
(B) is intended to significantly alter United
States foreign policy with respect to Iran.
(4) Inclusion of additional matter.--
(A) In general.--Each report submitted under
paragraph (1) that relates to an action that is
intended to significantly alter United States foreign
policy with respect to Iran shall include a description
of--
(i) the significant alteration to United
States foreign policy with respect to Iran;
(ii) the anticipated effect of the action
on the national security interests of the
United States; and
(iii) the policy objectives for which the
sanctions affected by the action were initially
imposed.
(B) Requests from banking and financial services
committees.--The Committee on Banking, Housing, and
Urban Affairs of the Senate or the Committee on
Financial Services of the House of Representatives may
request the submission to the Committee of the matter
described in clauses (ii) and (iii) of subparagraph (A)
with respect to a report submitted under paragraph (1)
that relates to an action that is not intended to
significantly alter United States foreign policy with
respect to Iran.
(5) Confidentiality of proprietary information.--
Proprietary information that can be associated with a
particular person with respect to an action described in
paragraph (2) may be included in a report submitted under
paragraph (1) only if the appropriate congressional committees
and leadership provide assurances of confidentiality, unless
that person otherwise consents in writing to such disclosure.
(6) Rule of construction.--Paragraph (2)(A)(iii) shall not
be construed to require the submission of a report under
paragraph (1) with respect to the routine issuance of a license
that does not significantly alter United States foreign policy
with respect to Iran.
(b) Period for Review by Congress.--
(1) In general.--During the period of 30 calendar days
beginning on the date on which the President submits a report
under subsection (a)(1)--
(A) in the case of a report that relates to an
action that is not intended to significantly alter
United States foreign policy with respect to Iran, the
Committee on Banking, Housing, and Urban Affairs of the
Senate and the Committee on Financial Services of the
House of Representatives should, as appropriate, hold
hearings and briefings and otherwise obtain information
in order to fully review the report; and
(B) in the case of a report that relates to an
action that is intended to significantly alter United
States foreign policy with respect to Iran, the
Committee on Foreign Relations of the Senate and the
Committee on Foreign Affairs of the House of
Representatives should, as appropriate, hold hearings
and briefings and otherwise obtain information in order
to fully review the report.
(2) Exception.--The period for congressional review under
paragraph (1) of a report required to be submitted under
subsection (a)(1) shall be 60 calendar days if the report is
submitted on or after July 10 and on or before September 7 in
any calendar year.
(3) Limitation on actions during initial congressional
review period.--Notwithstanding any other provision of law,
during the period for congressional review provided for under
paragraph (1) of a report submitted under subsection (a)(1)
proposing an action described in subsection (a)(2), including
any additional period for such review as applicable under the
exception provided in paragraph (2), the President may not take
that action unless a joint resolution of approval with respect
to that action is enacted in accordance with subsection (c).
(4) Limitation on actions during presidential consideration
of a joint resolution of disapproval.--Notwithstanding any
other provision of law, if a joint resolution of disapproval
relating to a report submitted under subsection (a)(1)
proposing an action described in subsection (a)(2) passes both
Houses of Congress in accordance with subsection (c), the
President may not take that action for a period of 12 calendar
days after the date of passage of the joint resolution of
disapproval.
(5) Limitation on actions during congressional
reconsideration of a joint resolution of disapproval.--
Notwithstanding any other provision of law, if a joint
resolution of disapproval relating to a report submitted under
subsection (a)(1) proposing an action described in subsection
(a)(2) passes both Houses of Congress in accordance with
subsection (c), and the President vetoes the joint resolution,
the President may not take that action for a period of 10
calendar days after the date of the President's veto.
(6) Effect of enactment of a joint resolution of
disapproval.--Notwithstanding any other provision of law, if a
joint resolution of disapproval relating to a report submitted
under subsection (a)(1) proposing an action described in
subsection (a)(2) is enacted in accordance with subsection (c),
the President may not take that action.
(c) Joint Resolutions of Disapproval or Approval.--
(1) Definitions.--In this subsection:
(A) Joint resolution of approval.--The term ``joint
resolution of approval'' means only a joint resolution
of either House of Congress--
(i) the title of which is as follows: ``A
joint resolution approving the President's
proposal to take an action relating to the
application of certain sanctions with respect
to Iran.''; and
(ii) the sole matter after the resolving
clause of which is the following: ``Congress
approves of the action relating to the
application of sanctions imposed with respect
to Iran proposed by the President in the report
submitted to Congress under section 2(a)(1) of
the Iran Sanctions Relief Review Act of 2021 on
_______ relating to ________.'', with the first
blank space being filled with the appropriate
date and the second blank space being filled
with a short description of the proposed
action.
(B) Joint resolution of disapproval.--The term
``joint resolution of disapproval'' means only a joint
resolution of either House of Congress--
(i) the title of which is as follows: ``A
joint resolution disapproving the President's
proposal to take an action relating to the
application of certain sanctions with respect
to Iran.''; and
(ii) the sole matter after the resolving
clause of which is the following: ``Congress
disapproves of the action relating to the
application of sanctions imposed with respect
to Iran proposed by the President in the report
submitted to Congress under section 2(a)(1) of
the Iran Sanctions Relief Review Act of 2021 on
_______ relating to ________.'', with the first
blank space being filled with the appropriate
date and the second blank space being filled
with a short description of the proposed
action.
(2) Introduction.--During the period of 30 calendar days
provided for under subsection (b)(1), including any additional
period as applicable under the exception provided in subsection
(b)(2), a joint resolution of approval or joint resolution of
disapproval may be introduced--
(A) in the House of Representatives, by the
majority leader or the minority leader; and
(B) in the Senate, by the majority leader (or the
majority leader's designee) or the minority leader (or
the minority leader's designee).
(3) Floor consideration in house of representatives.--If a
committee of the House of Representatives to which a joint
resolution of approval or joint resolution of disapproval has
been referred has not reported the joint resolution within 10
calendar days after the date of referral, that committee shall
be discharged from further consideration of the joint
resolution.
(4) Consideration in the senate.--
(A) Committee referral.--A joint resolution of
approval or joint resolution of disapproval introduced
in the Senate shall be--
(i) referred to the Committee on Banking,
Housing, and Urban Affairs if the joint
resolution relates to a report under subsection
(a)(3)(A) that relates to an action that is not
intended to significantly alter United States
foreign policy with respect to Iran; and
(ii) referred to the Committee on Foreign
Relations if the joint resolution relates to a
report under subsection (a)(3)(B) that relates
to an action that is intended to significantly
alter United States foreign policy with respect
to Iran.
(B) Reporting and discharge.--If the committee to
which a joint resolution of approval or joint
resolution of disapproval was referred has not reported
the joint resolution within 10 calendar days after the
date of referral of the joint resolution, that
committee shall be discharged from further
consideration of the joint resolution and the joint
resolution shall be placed on the appropriate calendar.
(C) Proceeding to consideration.--Notwithstanding
Rule XXII of the Standing Rules of the Senate, it is in
order at any time after the Committee on Banking,
Housing, and Urban Affairs or the Committee on Foreign
Relations, as the case may be, reports a joint
resolution of approval or joint resolution of
disapproval to the Senate or has been discharged from
consideration of such a joint resolution (even though a
previous motion to the same effect has been disagreed
to) to move to proceed to the consideration of the
joint resolution, and all points of order against the
joint resolution (and against consideration of the
joint resolution) are waived. The motion to proceed is
not debatable. The motion is not subject to a motion to
postpone. A motion to reconsider the vote by which the
motion is agreed to or disagreed to shall not be in
order.
(D) Rulings of the chair on procedure.--Appeals
from the decisions of the Chair relating to the
application of the rules of the Senate, as the case may
be, to the procedure relating to a joint resolution of
approval or joint resolution of disapproval shall be
decided without debate.
(E) Consideration of veto messages.--Debate in the
Senate of any veto message with respect to a joint
resolution of approval or joint resolution of
disapproval, including all debatable motions and
appeals in connection with the joint resolution, shall
be limited to 10 hours, to be equally divided between,
and controlled by, the majority leader and the minority
leader or their designees.
(5) Rules relating to senate and house of
representatives.--
(A) Treatment of senate joint resolution in
house.--In the House of Representatives, the following
procedures shall apply to a joint resolution of
approval or a joint resolution of disapproval received
from the Senate (unless the House has already passed a
joint resolution relating to the same proposed action):
(i) The joint resolution shall be referred
to the appropriate committees.
(ii) If a committee to which a joint
resolution has been referred has not reported
the joint resolution within 2 calendar days
after the date of referral, that committee
shall be discharged from further consideration
of the joint resolution.
(iii) Beginning on the third legislative
day after each committee to which a joint
resolution has been referred reports the joint
resolution to the House or has been discharged
from further consideration thereof, it shall be
in order to move to proceed to consider the
joint resolution in the House. All points of
order against the motion are waived. Such a
motion shall not be in order after the House
has disposed of a motion to proceed on the
joint resolution. The previous question shall
be considered as ordered on the motion to its
adoption without intervening motion. The motion
shall not be debatable. A motion to reconsider
the vote by which the motion is disposed of
shall not be in order.
(iv) The joint resolution shall be
considered as read. All points of order against
the joint resolution and against its
consideration are waived. The previous question
shall be considered as ordered on the joint
resolution to final passage without intervening
motion except 2 hours of debate equally divided
and controlled by the sponsor of the joint
resolution (or a designee) and an opponent. A
motion to reconsider the vote on passage of the
joint resolution shall not be in order.
(B) Treatment of house joint resolution in
senate.--
(i) Receipt before passage.--If, before the
passage by the Senate of a joint resolution of
approval or joint resolution of disapproval,
the Senate receives an identical joint
resolution from the House of Representatives,
the following procedures shall apply:
(I) That joint resolution shall not
be referred to a committee.
(II) With respect to that joint
resolution--
(aa) the procedure in the
Senate shall be the same as if
no joint resolution had been
received from the House of
Representatives; but
(bb) the vote on passage
shall be on the joint
resolution from the House of
Representatives.
(ii) Receipt after passage.--If, following
passage of a joint resolution of approval or
joint resolution of disapproval in the Senate,
the Senate receives an identical joint
resolution from the House of Representatives,
that joint resolution shall be placed on the
appropriate Senate calendar.
(iii) No companion measure.--If a joint
resolution of approval or a joint resolution of
disapproval is received from the House, and no
companion joint resolution has been introduced
in the Senate, the Senate procedures under this
subsection shall apply to the House joint
resolution.
(C) Application to revenue measures.--The
provisions of this paragraph shall not apply in the
House of Representatives to a joint resolution of
approval or joint resolution of disapproval that is a
revenue measure.
(6) Rules of house of representatives and senate.--This
subsection is enacted by Congress--
(A) as an exercise of the rulemaking power of the
Senate and the House of Representatives, respectively,
and as such is deemed a part of the rules of each
House, respectively, and supersedes other rules only to
the extent that it is inconsistent with such rules; and
(B) with full recognition of the constitutional
right of either House to change the rules (so far as
relating to the procedure of that House) at any time,
in the same manner, and to the same extent as in the
case of any other rule of that House.
(d) Appropriate Congressional Committees and Leadership Defined.--
In this section, the term ``appropriate congressional committees and
leadership'' means--
(1) the Committee on Financial Services, the Committee on
Foreign Affairs, and the Speaker, the majority leader, and the
minority leader of the House of Representatives; and
(2) the Committee on Banking, Housing, and Urban Affairs,
the Committee on Foreign Relations, and the majority and
minority leaders of the Senate.
SEC. 108. CLARIFICATION OF GUIDANCE RELATING TO IRAN'S SHIPPING SECTOR.
(a) In General.--The President shall direct the Office of Foreign
Asset Control of the Department of the Treasury to issue regulations
and guidance expanding the list of services constituting ``significant
support'' to the shipping sector of Iran to include--
(1) port authorities;
(2) importing agents;
(3) management firms;
(4) charterers;
(5) operators;
(6) marine insurers;
(7) classification societies; and
(8) all other maritime services providers.
(b) Additional Update of Advisory.--The President shall also direct
the Secretary of State, the Secretary of the Treasury, and the Coast
Guard to update the ``Sanctions Advisory for the Maritime Industry,
Energy and Metals Sectors, and Related communities'' issued on May 14,
2020, in accordance with the expanded definition of ``significant
support to the shipping sector'' promulgated in accordance with
subsection (a).
SEC. 109. SUNSET OF WAIVER AND LICENSE AUTHORITIES.
(a) In General.--The President's authority to issue waivers or
licenses to sanctions pursuant to sections 203 and 205 of the
International Emergency Economic Powers Act of 1976 with regard to
sanctions required or authorized by legislation or Executive orders
described in subsection (b), and any waivers or licenses issued
pursuant to such legislation or Executive orders, shall cease to apply
2 years after the date of enactment of this Act.
(b) Sanctions Described.--The sanctions required or authorized by
legislation and Executive orders include the following:
(1) This Act, and the amendments made by this Act.
(2) The Iran Sanctions Act of 1996 (Public Law 104-172; 50
U.S.C. 1701 note).
(3) The Comprehensive Iran Sanctions, Accountability, and
Divestment Act of 2010 (22 U.S.C. 8501 et seq.).
(4) Section 1245 of the National Defense Authorization Act
for Fiscal Year 2012 (22 U.S.C. 8513a).
(5) The Iran Threat Reduction and Syria Human Rights Act of
2012 (22 U.S.C. 8701 et seq.).
(6) The Iran Freedom and Counter-Proliferation Act of 2012
(22 U.S.C. 8801 et seq.).
(7) The International Emergency Economic Powers Act (50
U.S.C. 1701 note).
(8) Any other statute or Executive order that requires or
authorizes the imposition of sanctions with respect to Iran.
SEC. 110. CODIFICATION AND APPLICATION ON TRANSFERS OF FUNDS INVOLVING
IRAN.
(a) Codification and Prohibition of Transfers of Funds Involving
Iran.--
(1) Codification of regulations.--Notwithstanding sections
203 and 205 of the International Emergency Economic Powers Act
(50 U.S.C. 1702 and 1704), section 560.516 of title 31, Code of
Federal Regulations, as in effect on January 1, 2021, shall
apply with respect to transfers of funds to or from Iran, or
for the direct or indirect benefit of an Iranian person or the
Government of Iran, for the period beginning on or after such
date of enactment and ending on the date on which the President
makes the certification to Congress under section 8 of the Iran
Sanctions Act of 1996 (50 U.S.C. 1701 note) as amended by this
Act.
(2) Additional prohibition.--Notwithstanding section 302 of
this Act or sections 203 and 205 of the International Emergency
Economic Powers Act (50 U.S.C. 1702 and 1704)--
(A) the regulations prohibiting the debiting or
crediting of an Iranian account in section 560.516 of
title 31, Code of Federal Regulations, as in effect on
January 1, 2021, and codified in paragraph (1) shall
apply to foreign financial institutions if the
transaction or transactions is conducted in the legal
tender of the United States; and
(B) United States financial institutions shall be
prohibited from engaging in a significant transaction
or transactions, including purchasing or selling
foreign exchange with large-value payment systems, with
a foreign financial institution that violates the
regulations and prohibitions described in subparagraph
(A).
(3) Rule of construction.--With the exception of paragraph
(4), the President may not issue a license to permit a
transaction or transactions under this subsection.
(4) Suspension.--The President may suspend the prohibition
in paragraph (2) for a period not to exceed 180 days, and may
renew the suspension for additional periods of not more than
180 days, on and after the date on which the President provides
to the appropriate congressional committees the certification
required in section 8 of the Iran Sanctions Act of 1996 (50
U.S.C. 1701 note) as amended by this Act.
SEC. 111. APPLICABILITY OF CONGRESSIONAL REVIEW OF CERTAIN AGENCY
RULEMAKING RELATING TO IRAN.
(a) In General.--Notwithstanding any other provision of law, any
rule to amend or otherwise alter a covered regulatory provision as
defined in subsection (c) that is published on or after the date of the
enactment of this Act shall be deemed to be a rule or major rule (as
the case may be) for purposes of chapter 8 of title 5, United States
Code, and shall be subject to all applicable requirements of chapter 8
of title 5, United States Code.
(b) Quarterly Reports.--Not later than 60 days after the date of
the enactment of this Act, and every 90 days thereafter, the head of
the applicable department or agency of the Federal Government shall
submit to the appropriate congressional committees a report on the
operation of the licensing system under each covered regulatory
provision as defined in subsection (c) for the preceding 2-year period,
including--
(1) the number and types of licenses applied for;
(2) the number and types of licenses approved;
(3) a summary of each license approved;
(4) a summary of transactions conducted pursuant to a
general license;
(5) the average amount of time elapsed from the date of
filing of a license application until the date of its approval;
(6) the extent to which the licensing procedures were
effectively implemented; and
(7) a description of comments received from interested
parties about the extent to which the licensing procedures were
effective, after the applicable department or agency holds a
public 30-day comment period.
(c) Definition.--In this section, the term ``covered regulatory
provision'' means any provision of part 535, 560, 561, or 1060 of title
31, Code of Federal Regulations, and in EAR 742 and 746 related to
Iran, as such parts were in effect on the date of enactment of this
Act.
SEC. 112. STRICT LIABILITY OF PARENT COMPANIES AND FOREIGN SUBSIDIARIES
FOR VIOLATIONS OF FOREIGN CORRUPT PRACTICES ACT OF 1977.
Section 218 of the Iran Threat Reduction and Syria Human Rights Act
of 2012 (22 U.S.C. 8725) is amended by adding at the end the following:
``(e) Strict Liability of Parent Companies and Foreign Subsidiaries
for Violations of Foreign Corrupt Practices Act of 1977.--The President
shall prohibit a United States person or an entity owned, controlled,
or beneficially owned by a United States person and established or
maintained outside the United States from engaging in any transaction
directly or indirectly with the Government of Iran or any person
subject to the jurisdiction of the Government of Iran that is
authorized pursuant to a general license under part 560 of title 31,
Code of Federal Regulations if the transaction were engaged in by a
United States person or in the United States and would violate any
provision of the Foreign Corrupt Practices Act of 1977.''.
SEC. 113. EXPANSION OF SANCTIONS WITH RESPECT TO EFFORTS BY IRAN TO
ACQUIRE BALLISTIC MISSILE AND RELATED TECHNOLOGY.
(a) Certain Persons.--Section 1604(a) of the Iran-Iraq Arms Non-
Proliferation Act of 1992 (Public Law 102-484; 50 U.S.C. 1701 note) is
amended by inserting ``, to acquire ballistic missile or related
technology,'' after ``nuclear weapons''.
(b) Foreign Countries.--Section 1605(a) of the Iran-Iraq Arms Non-
Proliferation Act of 1992 (Public Law 102-484; 50 U.S.C. 1701 note) is
amended, in the matter preceding paragraph (1), by inserting ``, to
acquire ballistic missile or related technology,'' after ``nuclear
weapons''.
SEC. 114. EXPANSION OF SANCTIONS UNDER IRAN SANCTIONS ACT OF 1996 WITH
RESPECT TO PERSONS THAT ACQUIRE OR DEVELOP BALLISTIC
MISSILES.
Section 5(b)(1)(B) of the Iran Sanctions Act of 1996 (Public Law
104-172; 50 U.S.C. 1701 note) is amended--
(1) in clause (i), by striking ``would likely'' and
inserting ``may''; and
(2) in clause (ii)--
(A) in subclause (I), by striking ``; or'' and
inserting a semicolon;
(B) by redesignating subclause (II) as subclause
(III); and
(C) by inserting after subclause (I) the following:
``(II) acquire or develop ballistic missiles and
the capability to launch ballistic missiles; or''.
SEC. 115. IMPOSITION OF SANCTIONS WITH RESPECT TO BALLISTIC MISSILE
PROGRAM OF IRAN.
(a) In General.--Title II of the Iran Threat Reduction and Syria
Human Rights Act of 2012 (22 U.S.C. 8721 et seq.) is amended by adding
at the end the following:
``Subtitle C--Measures Relating To Ballistic Missile Program Of Iran
``SEC. 231. DEFINITIONS.
``(a) In General.--In this subtitle:
``(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' means the committees
specified in section 14(2) of the Iran Sanctions Act of 1996
(Public Law 104-172; 50 U.S.C. 1701 note).
``(3) Correspondent account; payable-through account.--The
terms `correspondent account' and `payable-through account'
have the meanings given those terms in section 5318A of title
31, United States Code.
``(4) Foreign financial institution.--The term `foreign
financial institution' has the meaning of that term as
determined by the Secretary of the Treasury pursuant to section
104(i) of the Comprehensive Iran Sanctions, Accountability, and
Divestment Act of 2010 (22 U.S.C. 8513(i)).
``(5) Government.--The term `Government', with respect to a
foreign country, includes any agencies or instrumentalities of
that Government and any entities controlled by that Government.
``(6) 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).
``(7) Medicine.--The term `medicine' has the meaning given
the term `drug' in section 201 of the Federal Food, Drug, and
Cosmetic Act (21 U.S.C. 321).
``(b) Determinations of Significance.--For purposes of this
subtitle, in determining if financial transactions or financial
services are significant, the President may consider the totality of
the facts and circumstances, including factors similar to the factors
set forth in section 561.404 of title 31, Code of Federal Regulations
(or any corresponding similar regulation or ruling).
``SEC. 232. IMPOSITION OF SANCTIONS WITH RESPECT TO PERSONS THAT
SUPPORT THE BALLISTIC MISSILE PROGRAM OF IRAN.
``(a) Identification of Persons.--
``(1) In general.--Not later than 120 days after the date
of the enactment of the Maximum Pressure Act, and not less
frequently than once every 180 days thereafter, the President
shall submit to the appropriate congressional committees a
report identifying persons that have provided material support
to the Government of Iran in the development of the ballistic
missile program or drone program of Iran.
``(2) Elements.--Each report required by paragraph (1)
shall include the following:
``(A) An identification of persons (disaggregated
by Iranian and non-Iranian persons) with respect to
which there is credible evidence that such persons have
provided material support to the Government of Iran in
the development of the ballistic missile program or
drone program of Iran, including persons that have--
``(i) engaged in the direct or indirect
provision of material support to such programs;
``(ii) facilitated, supported, or engaged
in activities to further the development of
such programs;
``(iii) transmitted information relating to
ballistic missiles or drones to the Government
of Iran; or
``(iv) otherwise aided such programs.
``(B) A description of the character and
significance of the cooperation of each person
identified under subparagraph (A) with the Government
of Iran with respect to such programs.
``(C) An assessment of the cooperation of the
Government of the Democratic People's Republic of Korea
with the Government of Iran with respect to such
programs.
``(3) Classified annex.--Each report required by paragraph
(1) shall be submitted in unclassified form, but may contain a
classified annex.
``(b) Blocking of Property.--Not later than 15 days after
submitting a report required by subsection (a)(1), the President shall,
in accordance with the International Emergency Economic Powers Act (50
U.S.C. 1701 et seq.), block and prohibit all transactions in all
property and interests in property of any person specified in such
report that engages in activities described in subsection (a) if such
property and interests in property are in the United States, come
within the United States, or are or come within the possession or
control of a United States person.
``(c) Exclusion From United States.--
``(1) In general.--Except as provided in paragraph (2), the
Secretary of State shall deny a visa to, and the Secretary of
Homeland Security shall exclude from the United States, any
alien subject to blocking of property and interests in property
under subsection (b).
``(2) Compliance with united nations headquarters
agreement.--Paragraph (1) shall not apply to the head of state
of Iran, or necessary staff of that head of state, if admission
to the United States is necessary to permit the United States
to comply with the Agreement regarding the Headquarters of the
United Nations, signed at Lake Success June 26, 1947, and
entered into force November 21, 1947, between the United
Nations and the United States.
``(d) Facilitation of Certain Transactions.--The President shall
prohibit the opening, and prohibit or impose strict conditions on the
maintaining, in the United States of a correspondent account or a
payable-through account by a foreign financial institution that the
President determines knowingly, on or after the date that is 180 days
after the date of the enactment of the Maximum Pressure Act, conducts
or facilitates a significant financial transaction for a person subject
to blocking of property and interests in property under subsection (b).
``SEC. 233. BLOCKING OF PROPERTY OF PERSONS AFFILIATED WITH CERTAIN
IRANIAN ENTITIES.
``(a) Blocking of Property.--
``(1) In general.--The President shall, in accordance with
the International Emergency Economic Powers Act (50 U.S.C. 1701
et seq.), block and prohibit all transactions in all property
and interests in property of any person described in paragraph
(2) if such property and interests in property are in the
United States, come within the United States, or are or come
within the possession or control of a United States person.
``(2) Persons described.--A person described in this
paragraph is--
``(A) an entity that is owned or controlled--
``(i) by the Aerospace Industries
Organization, the Shahid Hemmat Industrial
Group, the Shahid Bakeri Industrial Group, or
any agent or affiliate of such organization or
group; or
``(ii) collectively by a group of
individuals that hold an interest in the
Aerospace Industries Organization, the Shahid
Hemmat Industrial Group, the Shahid Bakeri
Industrial Group, or any agent or affiliate of
such organization or group, even if none of
those individuals hold a 25 percent or greater
interest in the entity; or
``(B) a person that owns or controls an entity
described in subparagraph (A).
``(b) Facilitation of Certain Transactions.--The President shall
prohibit the opening, and prohibit or impose strict conditions on the
maintaining, in the United States of a correspondent account or a
payable-through account by a foreign financial institution that the
President determines knowingly, on or after the date that is 180 days
after the date of the enactment of the Maximum Pressure Act, conducts
or facilitates a significant financial transaction for a person subject
to blocking of property and interests in property under subsection (a).
``(c) Iran Missile Proliferation Watch List.--
``(1) In general.--Not later than 90 days after the date of
the enactment of the Maximum Pressure Act, and not less
frequently than annually thereafter, the Secretary of the
Treasury shall submit to the appropriate congressional
committees and publish in the Federal Register a list of--
``(A) each entity in which the Aerospace Industries
Organization, the Shahid Hemmat Industrial Group, the
Shahid Bakeri Industrial Group, or any agent or
affiliate of such organization or group has an
ownership interest of more than 0 percent and less than
25 percent;
``(B) each entity in which the Aerospace Industries
Organization, the Shahid Hemmat Industrial Group, the
Shahid Bakeri Industrial Group, or any agent or
affiliate of such organization or group does not have
an ownership interest but maintains a presence on the
board of directors of the entity or otherwise
influences the actions, policies, or personnel
decisions of the entity; and
``(C) each person that owns or controls an entity
described in subparagraph (A) or (B).
``(2) Reference.--The list required by paragraph (1) may be
referred to as the `Iran Missile Proliferation Watch List'.
``(d) Comptroller General Report.--
``(1) In general.--The Comptroller General of the United
States shall--
``(A) conduct a review of each list required by
subsection (c)(1); and
``(B) not later than 180 days after each such list
is submitted to the appropriate congressional
committees under that subsection, submit to the
appropriate congressional committees a report on the
review conducted under subparagraph (A) that includes a
list of persons not included in that list that qualify
for inclusion in that list, as determined by the
Comptroller General.
``(2) Consultations.--In preparing the report required by
paragraph (1)(B), the Comptroller General shall consult with
nongovernmental organizations.
``SEC. 234. IMPOSITION OF SANCTIONS WITH RESPECT TO CERTAIN PERSONS
INVOLVED IN BALLISTIC MISSILE ACTIVITIES.
``(a) Certification.--Not later than 120 days after the date of the
enactment of the Maximum Pressure Act, and not less frequently than
once every 180 days thereafter, the President shall submit to the
appropriate congressional committees a certification that each person
listed in an annex of United Nations Security Council Resolution 1737
(2006), 1747 (2007), or 1929 (2010) is not directly or indirectly
facilitating, supporting, or involved with the development of or
transfer to Iran of ballistic missiles or technology, parts,
components, or technology information relating to ballistic missiles.
``(b) Blocking of Property.--If the President is unable to make a
certification under subsection (a) with respect to a person and the
person is not currently subject to sanctions with respect to Iran under
any other provision of law, the President shall, not later than 15 days
after that certification would have been required under that
subsection--
``(1) in accordance with the International Emergency
Economic Powers Act (50 U.S.C. 1701 et seq.), block and
prohibit all transactions in all property and interests in
property of that person if such property and interests in
property are in the United States, come within the United
States, or are or come within the possession or control of a
United States person; and
``(2) publish in the Federal Register a report describing
the reason why the President was unable to make a certification
with respect to that person.
``(c) Exclusion From United States.--
``(1) In general.--Except as provided in paragraph (2), the
Secretary of State shall deny a visa to, and the Secretary of
Homeland Security shall exclude from the United States, any
alien subject to blocking of property and interests in property
under subsection (b).
``(2) Compliance with united nations headquarters
agreement.--Paragraph (1) shall not apply to the head of state
of Iran, or necessary staff of that head of state, if admission
to the United States is necessary to permit the United States
to comply with the Agreement regarding the Headquarters of the
United Nations, signed at Lake Success June 26, 1947, and
entered into force November 21, 1947, between the United
Nations and the United States.
``(d) Facilitation of Certain Transactions.--The President shall
prohibit the opening, and prohibit or impose strict conditions on the
maintaining, in the United States of a correspondent account or a
payable-through account by a foreign financial institution that the
President determines knowingly, on or after the date that is 180 days
after the date of the enactment of the Maximum Pressure Act, conducts
or facilitates a significant financial transaction for a person subject
to blocking of property and interests in property under subsection (b).
``SEC. 235. IMPOSITION OF SANCTIONS WITH RESPECT TO CERTAIN SECTORS OF
IRAN THAT SUPPORT THE BALLISTIC MISSILE PROGRAM OF IRAN.
``(a) List of Sectors.--
``(1) In general.--Not later than 120 days after the date
of the enactment of the Maximum Pressure Act, and not less
frequently than once every 180 days thereafter, the President
shall submit to the appropriate congressional committees and
publish in the Federal Register a list of the sectors of the
economy of Iran that are directly or indirectly facilitating,
supporting, or involved with the development of or transfer to
Iran of ballistic missiles or technology, parts, components, or
technology information relating to ballistic missiles.
``(2) Certain sectors.--
``(A) In general.--Not later than 120 days after
the date of enactment of the Maximum Pressure Act, the
President shall submit to the appropriate congressional
committees a determination as to whether each of the
chemical, computer science, construction, electronic,
metallurgy, mining, research (including universities
and research institutions), and telecommunications
sectors of Iran meet the criteria specified in
paragraph (1).
``(B) Inclusion in initial list.--If the President
determines under subparagraph (A) that the sectors of
the economy of Iran specified in such subparagraph meet
the criteria specified in paragraph (1), that sector
shall be included in the initial list submitted and
published under that paragraph.
``(b) Sanctions With Respect to Specified Sectors of Iran.--
``(1) Blocking of property.--The President shall, in
accordance with the International Emergency Economic Powers Act
(50 U.S.C. 1701 et seq.), block and prohibit all transactions
in all property and interests in property of any person
described in paragraph (4) if such property and interests in
property are in the United States, come within the United
States, or are or come within the possession or control of a
United States person.
``(2) Exclusion from united states.--
``(A) In general.--Except as provided in
subparagraph (B), the Secretary of State shall deny a
visa to, and the Secretary of Homeland Security shall
exclude from the United States, any alien that is a
person described in paragraph (4).
``(B) Compliance with united nations headquarters
agreement.--Subparagraph (A) shall not apply to the
head of state of Iran, or necessary staff of that head
of state, if admission to the United States is
necessary to permit the United States to comply with
the Agreement regarding the Headquarters of the United
Nations, signed at Lake Success June 26, 1947, and
entered into force November 21, 1947, between the
United Nations and the United States.
``(3) Facilitation of certain transactions.--Except as
provided in this section, the President shall prohibit the
opening, and prohibit or impose strict conditions on the
maintaining, in the United States of a correspondent account or
a payable-through account by a foreign financial institution
that the President determines knowingly, on or after the date
that is 180 days after the date of the enactment of the Maximum
Pressure Act, conducts or facilitates a significant financial
transaction for a person described in paragraph (4).
``(4) Persons described.--A person is described in this
paragraph if the President determines that the person, on or
after the date that is 180 days after the date of the enactment
of the Maximum Pressure Act--
``(A) operates in a sector of the economy of Iran
included in the most recent list published by the
President under subsection (a);
``(B) knowingly provides significant financial,
material, technological, or other support to, or goods
or services in support of, any activity or transaction
on behalf of or for the benefit of a person described
in subparagraph (A); or
``(C) is owned or controlled by a person described
in subparagraph (A).
``(c) Humanitarian Exception.--The President may not impose
sanctions under this section with respect to any person for conducting
or facilitating a transaction for the sale of agricultural commodities,
food, medicine, or medical devices to Iran or for the provision of
humanitarian assistance to the people of Iran.
``SEC. 236. IDENTIFICATION OF FOREIGN PERSONS THAT SUPPORT THE
BALLISTIC MISSILE PROGRAM OF IRAN IN CERTAIN SECTORS OF
IRAN.
``(a) In General.--Not later than 120 days after the date of the
enactment of the Maximum Pressure Act, and not less frequently than
annually thereafter, the President shall submit to the appropriate
congressional committees and publish in the Federal Register a list of
all foreign persons that have, based on credible information, directly
or indirectly facilitated, supported, or been involved with the
development of ballistic missiles or technology, parts, components, or
technology information related to ballistic missiles in the following
sectors of the economy of Iran during the period specified in
subsection (b):
``(1) Chemical.
``(2) Computer Science.
``(3) Construction.
``(4) Electronic.
``(5) Metallurgy.
``(6) Mining.
``(7) Petrochemical.
``(8) Research (including universities and research
institutions).
``(9) Telecommunications.
``(10) Any other sector of the economy of Iran identified
under section 235(a).
``(b) Period Specified.--The period specified in this subsection
is--
``(1) with respect to the first list submitted under
subsection (a), the period beginning on the date of the
enactment of the Maximum Pressure Act and ending on the date
that is 120 days after such date of enactment; and
``(2) with respect to each subsequent list submitted under
such subsection, the one year period preceding the submission
of the list.
``(c) Comptroller General Report.--
``(1) In general.--With respect to each list submitted
under subsection (a), not later than 120 days after the list is
submitted under that subsection, the Comptroller General of the
United States shall submit to the appropriate congressional
committees--
``(A) an assessment of the processes followed by
the President in preparing the list;
``(B) an assessment of the foreign persons included
in the list; and
``(C) a list of persons not included in the list
that qualify for inclusion in the list, as determined
by the Comptroller General.
``(2) Consultations.--In preparing the report required by
paragraph (1), the Comptroller General shall consult with
nongovernmental organizations.
``(d) Credible Information Defined.--In this section, the term
`credible information' has the meaning given that term in section 14 of
the Iran Sanctions Act of 1996 (Public Law 104-172; 50 U.S.C. 1701
note).''.
SEC. 116. MANDATORY SANCTIONS WITH RESPECT TO FINANCIAL INSTITUTIONS
THAT ENGAGE IN CERTAIN TRANSACTIONS ON BEHALF OF PERSONS
INVOLVED IN HUMAN RIGHTS ABUSES OR THAT EXPORT SENSITIVE
TECHNOLOGY TO IRAN.
(a) In General.--Section 104(c)(2) of the Comprehensive Iran
Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C.
8513(c)(2)) is amended--
(1) in subparagraph (D), by striking ``or'' at the end;
(2) in subparagraph (E), by striking the period at the end
and inserting ``; or''; and
(3) by adding at the end the following:
``(F) facilitates a significant transaction or
transactions or provides significant financial services
for a person that is subject to sanctions under section
105(c), 105A(c), 105B(c), or 105C(a);''.
(b) Effective Date.--The amendments made by subsection (a) take
effect on the date of the enactment of this Act and apply with respect
to any activity described in subparagraph (F) of section 104(c)(2) of
the Comprehensive Iran Sanctions, Accountability, and Divestment Act of
2010, as added by subsection (a)(3), initiated on or after the date
that is 90 days after such date of enactment.
(c) Regulations.--Not later than 90 days after the date of the
enactment of this Act, the Secretary of the Treasury shall prescribe
regulations to carry out the amendments made by subsection (a).
SEC. 117. ADDITIONAL SANCTIONS WITH RESPECT TO FOREIGN PERSONS THAT
SUPPORT OR CONDUCT CERTAIN TRANSACTIONS WITH IRAN'S
REVOLUTIONARY GUARD CORPS OR OTHER SANCTIONED PERSONS.
(a) Identification.--Section 302(a)(1) of the Iran Threat Reduction
and Syria Human Rights Act of 2012 (22 U.S.C. 8742(a)(1)) is amended--
(1) in the matter preceding subparagraph (A), by striking
``Not later than 90 days after the date of the enactment of
this Act, and every 180 days thereafter,'' and inserting ``Not
later than 60 days after the date of the enactment of the
Maximum Pressure Act, and every 60 days thereafter,'';
(2) in subparagraph (B), by inserting ``, provide
significant financial services to, or provide material support
to'' after ``transactions with''; and
(3) in subparagraph (C)--
(A) in the matter preceding clause (i), by
inserting ``, provide significant financial services
to, or provide material support to'' after
``transactions with'';
(B) in clause (i), by striking ``or'' at the end;
(C) in clause (ii), by striking the period at the
end and inserting a semicolon; and
(D) by inserting after clause (i) the following:
``(iii) a person designated as a foreign
terrorist organization under section 219(a) of
the Immigration and Nationality Act (8 U.S.C.
1189(a)) or that has provided support for an
act of international terrorism (as defined in
section 14 of the Iran Sanctions Act of 1996
(Public Law 104-172; 50 U.S.C. 1701 note)); or
``(iv) a foreign person whose property and
access to property has been blocked pursuant to
Executive Order 13224 (September 23, 2001;
relating to blocking property and prohibiting
transactions with persons who commit, threaten
to commit, or support terrorism).''.
(b) Imposition of Sanctions.--Section 302(b) of the Iran Threat
Reduction and Syria Human Rights Act of 2012 (22 U.S.C. 8742(b)) is
amended by striking ``the President--'' and all that follows and
inserting ``the President shall, in accordance with the International
Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), block and
prohibit all transactions in property and interests in property with
respect to such foreign person if such property and interests in
property are in the United States, come within the United States, or
are or come within the possession or control of a United States
person.''.
TITLE II--MATTERS RELATING TO THE FINANCING OF TERRORISM
SEC. 201. PROHIBITIONS OF INTERNATIONAL MONETARY FUND ALLOCATIONS FOR
IRAN.
Section 6(b) of the Special Drawing Rights Act (22 U.S.C. 286q(b))
is amended by adding at the end the following:
``(3) Notwithstanding any other provision of law, no funds
shall be appropriated to allocate Special Drawing Rights under
Article XVII, sections 2 and 3, of the Articles of Agreement of
the Fund to the Islamic Republic of Iran.''.
SEC. 202. CERTIFICATION REQUIREMENT FOR REMOVAL OF DESIGNATION OF IRAN
AS A JURISDICTION OF PRIMARY MONEY LAUNDERING CONCERN.
(a) In General.--The President may not rescind a final rule (as in
effect on the day before the date of the enactment of this Act) that
provides for the designation of Iran as a jurisdiction of primary money
laundering concern pursuant to section 5318A of title 31, United States
Code, unless the President submits to the appropriate congressional
committees a certification described in subsection (b) with respect to
Iran.
(b) Certification.--The President may only rescind a preliminary
draft rule or final rule described in subsection (a) if the President
submits to the appropriate congressional committees the certification
required in section 8 of the Iran Sanctions Act of 1996 (50 U.S.C. 1701
note) as amended by this Act.
(c) Form.--The certification described in subsection (b) shall be
submitted in unclassified form, but may contain a classified annex.
(d) Definition.--In this section, the term ``appropriate
congressional committees'' means--
(1) the Committee on Foreign Affairs and the Committee on
Financial Services of the House of Representatives; and
(2) the Committee on Banking, Housing, and Urban Affairs of
the Senate.
SEC. 203. REQUIREMENT TO TAKE SPECIAL MEASURES AT DOMESTIC FINANCIAL
INSTITUTIONS.
(a) In General.--The Secretary of the Treasury shall require
domestic financial institutions and domestic financial agencies to take
one or more of the special measures described under section 5318A(b) of
title 31, United States Code, with respect to a financial institution
operating outside of the United States, if the Secretary determines
that the financial institution operating outside of the United States
knowingly conducts a significant transaction in connection with the
Instrument in Support of Trade Exchanges, or any successor to such
Instrument.
(b) Waiver.--During the 2-year period beginning on the date of the
enactment of this Act, the President may, for periods not to exceed 180
days, waive the application of subsection (a) of this section with
respect to a financial institution if the President certifies to the
appropriate congressional committees that such a waiver is in the
national security interests of the United States.
(c) Definitions.--In this section, the terms ``domestic financial
institution'', ``domestic financial agency'', and ``financial
institution'' have the meaning given those terms, respectively, under
section 5312 of title 31, United States Code.
SEC. 204. ADDITIONAL SANCTIONS WITH RESPECT TO FOREIGN PERSONS THAT ARE
OFFICIALS, AGENTS, OR AFFILIATES OF, OR OWNED OR
CONTROLLED BY, IRAN'S REVOLUTIONARY GUARD CORPS.
(a) In General.--Section 301(a) of the Iran Threat Reduction and
Syria Human Rights Act of 2012 (22 U.S.C. 8741(a)) is amended--
(1) in the matter preceding paragraph (1), by striking
``Not later than 90 days after the date of the enactment of
this Act, and as appropriate thereafter,'' and inserting ``Not
later than 180 days after the date of the enactment of the
Maximum Pressure Act, and every 180 days thereafter,'';
(2) in paragraph (1)--
(A) by inserting ``, or owned or controlled by,''
after ``affiliates of''; and
(B) by striking ``and'' at the end;
(3) in paragraph (2), by striking the period at the end and
inserting ``; and''; and
(4) by adding at the end the following:
``(3) identify foreign persons with respect to which there
is a reasonable basis to determine that the foreign persons
have, directly or indirectly, attempted to conduct one or more
sensitive transactions or activities described in subsection
(c) for or on behalf of a foreign person described in paragraph
(1).''.
(b) Priority for Investigation; Determination and Report.--Section
301(b) of the Iran Threat Reduction and Syria Human Rights Act of 2012
(22 U.S.C. 8741(b)) is amended to read as follows:
``(b) Priority for Investigation; Determination and Report.--
``(1) Priority for investigation.--In identifying foreign
persons pursuant to subsection (a)(1) as officials, agents, or
affiliates of Iran's Revolutionary Guard Corps, the President
shall investigate--
``(A) foreign persons or entities identified under
section 560.304 of title 31, Code of Federal
Regulations (relating to the definition of the
Government of Iran);
``(B) foreign persons for which there is a
reasonable basis to find that the person has conducted
or attempted to conduct one or more sensitive
transactions or activities described in subsection (c);
and
``(C) foreign persons listed under the headings
`Attachment 3' or `Attachment 4' in Annex A of United
Nations Security Council Resolution 2231, adopted on
July 20, 2015.
``(2) Determination and report.--
``(A) Determination.--
``(i) In general.--The President shall
determine whether each foreign person on the
list described in clause (ii) is a foreign
person that is owned or controlled by Iran's
Revolutionary Guard Corps.
``(ii) List.--The list of foreign persons
described in this clause are the following:
``(I) The Telecommunication Company
of Iran.
``(II) The Mobile Telecommunication
Company of Iran.
``(III) The Calcimin Public
Company.
``(IV) The Iran Tractor
Manufacturing Company of Iran.
``(V) The Iran Zinc Mines
Development Company.
``(VI) The National Iranian Lead
and Zinc Company.
``(VII) Ghadir Investment.
``(VIII) The Parisian Oil & Gas
Development Company.
``(IX) The Pardus Petrochemical
Company.
``(X) The Chariots Petrochemical
Company.
``(XI) The Tabriz Oil Refinery.
``(XII) Kermanshah Petrochemical
Industries.
``(B) Report.--
``(i) In general.--Not later than 90 days
after the date of the enactment of this
subsection, and not later 1 year thereafter,
the President shall submit to the appropriate
congressional committees a report on the
determinations made under subparagraph (A)
together with the reasons for those
determinations.
``(ii) Form.--A report submitted under
clause (i) shall be submitted in unclassified
form but may contain a classified annex.''.
(c) Sensitive Transactions and Activities Described.--Section
301(c) of the Iran Threat Reduction and Syria Human Rights Act of 2012
(22 U.S.C. 8741(c)) is amended--
(1) in paragraph (1)--
(A) by striking ``$1,000,000'' and inserting
``$500,000''; and
(B) by inserting ``Iranian financial institution
or'' after ``involving a'';
(2) by redesignating paragraphs (3), (4), and (5) as
paragraphs (6), (7), and (8), respectively; and
(3) by inserting after paragraph (2) the following new
paragraphs:
``(3) a transaction to provide material support for an
organization designated as a foreign terrorist organization
under section 219(a) of the Immigration and Nationality Act (8
U.S.C. 1189(a)) or support for an act of international
terrorism (as defined in section 14 of the Iran Sanctions Act
of 1996 (Public Law 104-172; 50 U.S.C. 1701 note));
``(4) a transaction to provide material support to a
foreign person whose property and access to property has been
blocked pursuant to Executive Order 13224 (September 23, 2001;
relating to blocking property and prohibiting transactions with
persons who commit, threaten to commit, or support terrorism);
``(5) a transaction to provide material support for the
Government of Syria or any agency or instrumentality
thereof;''.
(d) Regulations, Implementation, Penalties, and Definitions.--
Section 301 of the Iran Threat Reduction and Syria Human Rights Act of
2012 (22 U.S.C. 8741) is amended--
(1) by redesignating subsection (f) as subsection (h); and
(2) by inserting after subsection (e) the following new
subsections:
``(e) Penalties.--A person that violates, attempts to violate,
conspires to violate, or causes a violation of subsection (a) or any
regulation, license, or order issued to carry out subsection (a) shall
be subject to the penalties set forth in subsections (b) and (c) of
section 206 of the International Emergency Economic Powers Act (50
U.S.C. 1705) to the same extent as a person that commits an unlawful
act described in subsection (a) of that section.
``(f) Definitions.--In this section:
``(1) Foreign person.--The term `foreign person' means--
``(A) an individual who is not a United States
person;
``(B) a corporation, partnership, or other
nongovernmental entity which is not a United States
person; or
``(C) any representative, agent or instrumentality
of, or an individual working on behalf of a foreign
government.
``(2) Iran's revolutionary guard corps.--The term `Iran's
Revolutionary Guard Corps' includes any senior foreign
political figure (as defined in section 1010.605 of title 31,
Code of Federal Regulations) of Iran's Revolutionary Guard
Corps.
``(3) Own or control.--The term `own or control' means,
with respect to an entity--
``(A) to hold more than 25 percent of the equity
interest by vote or value in the entity;
``(B) to hold a majority of seats on the board of
directors of the entity; or
``(C) to otherwise control the actions, policies,
or personnel decisions of the entity.
``(4) United states person.--The term `United States
person' means--
``(A) a United States citizen or an alien lawfully
admitted for permanent residence to the United States;
or
``(B) an entity organized under the laws of the
United States or of any jurisdiction within the United
States, including a foreign branch of such an
entity.''.
(e) Conforming and Clerical Amendments.--The Iran Threat Reduction
and Syria Human Rights Act of 2012 (22 U.S.C. 8701 et seq.) is
amended--
(1) by striking the heading of section 301 and inserting
the following:
``SEC. 301. IDENTIFICATION OF, AND IMPOSITION OF SANCTIONS WITH RESPECT
TO, FOREIGN PERSONS THAT ARE OFFICIALS, AGENTS OR
AFFILIATES OF, OR OWNED OR CONTROLLED BY, IRAN'S
REVOLUTIONARY GUARD CORPS.'';
and
(2) in the table of contents, by striking the item relating
to section 301 and inserting the following:
``Sec. 301. Identification of, and imposition of sanctions with respect
to, foreign persons that are officials,
agents or affiliates of, or owned or
controlled by, Iran's Revolutionary Guard
Corps.''.
SEC. 205. ADDITIONAL SANCTIONS WITH RESPECT TO FOREIGN PERSONS THAT
SUPPORT OR CONDUCT CERTAIN TRANSACTIONS WITH IRAN'S
REVOLUTIONARY GUARD CORPS OR OTHER SANCTIONED PERSONS.
(a) Identification.--Section 302(a)(1) of the Iran Threat Reduction
and Syria Human Rights Act of 2012 (22 U.S.C. 8742(a)(1))--
(1) in subparagraph (B)--
(A) by inserting ``, provide significant financial
services to, or provide material support to'' after
``transactions with''; and
(B) by striking ``or'' at the end;
(2) in subparagraph (C)--
(A) in the matter preceding clause (i), by
inserting ``, provide significant financial services
to, or provide material support to'' after
``transactions with'';
(B) in clause (i), by striking ``or'' at the end;
and
(C) by striking clause (ii) and inserting the
following:
``(ii) a person or entity designated as
foreign terrorist organizations under section
219(a) of the Immigration and Nationality Act
(8 U.S.C. 1189(a)) or that has provided support
for an act of international terrorism (as
defined in section 14 of the Iran Sanctions Act
of 1996 (Public Law 104-172; 50 U.S.C. 1701
note)); or
``(iii) a foreign person whose property and
access to property has been blocked pursuant to
Executive Order 13224 (September 23, 2001;
relating to blocking property and prohibiting
transactions with persons who commit, threaten
to commit, or support terrorism); or''; and
(3) by adding at the end the following:
``(D) a person acting on behalf of or at the
direction of, or owned or controlled (as that term is
defined in section 301) by, a person described in
subparagraph (A), (B), or (C).''.
(b) Imposition of Sanctions.--Section 302(b) of the Iran Threat
Reduction and Syria Human Rights Act of 2012 (22 U.S.C. 8742(b)) is
amended by striking ``the President--'' and all that follows and
inserting ``the President shall block and prohibit all transactions in
property and interests in property with respect to such foreign person
if such property and interests in property are in the United States,
come within the United States, or are or come within the possession or
control of a United States person.''.
SEC. 206. REPORTS ON CERTAIN IRANIAN PERSONS AND SECTORS OF IRAN'S
ECONOMY THAT ARE CONTROLLED BY IRAN'S REVOLUTIONARY GUARD
CORPS.
(a) Statement of Policy.--It shall be the policy of the United
States to fully implement and enforce sanctions against Iran's
Revolutionary Guard Corps, including its officials, agents, and
affiliates.
(b) In General.--Subtitle B of title III of the Iran Threat
Reduction and Syria Human Rights Act of 2012 (Public Law 112-158; 126
Stat. 1247) is amended by adding at the end the following:
``SEC. 313. REPORT ON CERTAIN IRANIAN PERSONS.
``(a) In General.--Not later than 180 days after the date of the
enactment of this section, and annually thereafter for a period not to
exceed three years, the President shall submit to the appropriate
congressional committees a report that contains the following:
``(1) A list of foreign persons listed on the Tehran Stock
Exchange and, with respect to each such foreign person--
``(A) an identification of the sector of Iran's
economy in which the foreign person is located; and
``(B) a determination of whether or not Iran's
Revolutionary Guard Corps or any foreign persons that
are officials, agents, or affiliates of Iran's
Revolutionary Guard Corps, directly or indirectly, owns
or controls the foreign person.
``(2) A list of foreign persons that are operating business
enterprises in Iran that have a valuation of more than
$100,000,000 and, with respect to each such foreign person--
``(A) an identification of the sector of Iran's
economy in which the foreign person is located; and
``(B) a determination of whether or not Iran's
Revolutionary Guard Corps or any foreign persons that
are officials, agents, or affiliates of Iran's
Revolutionary Guard Corps, directly or indirectly owns
or controls the foreign person.
``(3) A list of Iranian financial institutions that have a
valuation of more than $10,000,000 and, with respect to each
such Iranian financial institution--
``(A) an identification of the sector of Iran's
economy in which the institution is located; and
``(B) a determination of whether or not--
``(i) the institution has knowingly
facilitated a significant transaction directly
or indirectly for, or on behalf of, Iran's
Revolutionary Guard Corps during the 2-year
period beginning on the date of the enactment
of this section; or
``(ii) Iran's Revolutionary Guard Corps or
any foreign persons that are officials, agents,
or affiliates of Iran's Revolutionary Guard
Corps, directly or indirectly, owns or controls
the institution.
``(b) Form of Report; Public Availability.--
``(1) Form.--The report required by paragraph (1) shall be
submitted in unclassified form but may contain a classified
annex.
``(2) Public availability.--The unclassified portion of the
report required by paragraph (1) shall be posted on a publicly-
available Internet website of the Department of the Treasury
and a publicly-available Internet website of the Department of
State.
``(c) Definitions.--In this section:
``(1) Foreign person.--The term `foreign person' means--
``(A) an individual who is not a United States
person;
``(B) a corporation, partnership, or other
nongovernmental entity which is not a United States
person; or
``(C) any representative, agent or instrumentality
of, or an individual working on behalf of a foreign
government.
``(2) Iran's revolutionary guard corps.--The term `Iran's
Revolutionary Guard Corps' includes any senior foreign
political figure (as defined in section 1010.605 of title 31,
Code of Federal Regulations) of Iran's Revolutionary Guard
Corps.
``(3) Iranian financial institution.--The term `Iranian
financial institution' means--
``(A) a financial institution organized under the
laws of Iran or any jurisdiction within Iran, including
a foreign branch of such an institution;
``(B) a financial institution located in Iran;
``(C) a financial institution, wherever located,
owned or controlled by the Government of Iran; or
``(D) a financial institution, wherever located,
owned or controlled by a financial institution
described in subparagraph (A), (B), or (C).
``(4) Own or control.--The term `own or control' has the
meaning given such term in section 301.
``(5) Significant transaction.--A transaction shall be
determined to be a `significant transaction' in accordance with
section 561.404 of title 31, Code of Federal Regulations.
``(6) United states person.--The term `United States
person' means--
``(A) a United States citizen or an alien lawfully
admitted for permanent residence to the United States;
or
``(B) an entity organized under the laws of the
United States or of any jurisdiction within the United
States, including a foreign branch of such an entity.
``SEC. 314. REPORT ON SECTORS OF IRAN'S ECONOMY THAT ARE CONTROLLED BY
IRAN'S REVOLUTIONARY GUARD CORPS.
``(a) In General.--Not later than 180 days after the date of
enactment of this section, and every 180 days thereafter, the President
shall submit to the appropriate congressional committees a report that
identifies each sector of Iran's economy described in subsection (b).
``(b) Sectors of Iran's Economy Described.--
``(1) In general.--The sectors of Iran's economy described
in this subsection are each sector in which 20 or more of any
of the Iranian financial institutions or foreign persons
described in paragraph (2) are located in such sector.
``(2) Iranian financial institutions and foreign persons
described.--The Iranian financial institutions and foreign
persons described in this subsection are the following:
``(A) Iranian financial institutions listed under
section 313(a)(1)(B)(ii).
``(B) Foreign persons listed under section
313(a)(2)(B).
``(C) Foreign persons listed under section
313(a)(3)(B).''.
TITLE III--MATTERS RELATING TO THE DESIGNATION OF CERTAIN ENTITIES
SEC. 301. PROHIBITION ON FUTURE WAIVERS AND LICENSES CONNECTED TO THE
DESIGNATION OF THE IRGC.
Beginning on the date of the enactment of this Act, all waivers and
licenses in effect as of such date issued by the President pursuant to
the designation of the Islamic Revolutionary Guard Corps under
Executive Order 13224 (50 U.S.C. 1701 note; relating to blocking
property and prohibiting transactions with persons who commit, threaten
to commit, or support terrorism) shall remain in effect, and the
President may not issue a new waiver or license with respect to any
activity connected to the Islamic Revolutionary Guard Corps, until the
date on which the President makes the certification to Congress
pursuant to section 8 of the Iran Sanctions Act of 1996 (50 U.S.C. 1701
note) as amended by this Act.
SEC. 302. PROHIBITION ON FUTURE WAIVERS AND LICENSES CONNECTED TO THE
DESIGNATION OF THE IRGC AS A FOREIGN TERRORIST
ORGANIZATION.
The Secretary of State may not remove the designation of the
Islamic Revolutionary Guard Corps as a foreign terrorist organization
pursuant to section 219 of the Immigration and Nationality Act (8
U.S.C. 1189) unless the President makes the certification to Congress
pursuant to section 8 of the Iran Sanctions Act of 1996 (50 U.S.C. 1701
note) as amended by this Act. The waiver issued by the Secretary of
State pursuant to the Notice of Determination published on April 24,
2019 (84 Fed. Reg. 17227; relating to material support for certain
foreign governmental sub-entities), shall remain in effect, and the
President may not issue a new waiver or license with respect to any
activity connected to the designation of the Islamic Revolutionary
Guard Corps, until the date on which the President makes the
certification to Congress pursuant to section 8 of the Iran Sanctions
Act of 1996 (50 U.S.C. 1701 note) as amended by this Act.
SEC. 303. MEASURES WITH RESPECT TO ANSARALLAH IN YEMEN.
(a) Sense of Congress.--It is the sense of the Congress that the
designation of the Ansarallah in Yemen (otherwise known as the
``Houthis'') as a foreign terrorist organization by former Secretary of
State Mike Pompeo, which took effect on January 19, 2021, was an
essential step to hold Iran's proxies accountable.
(b) Findings.--Congress finds the following:
(1) The Houthis are armed, trained, and advised by the
Islamic Revolutionary Guard Corps, an entity designated as a
foreign terrorist organization pursuant to section 219 of the
Immigration and Nationality Act (8 U.S.C. 1189).
(2) According to former Secretary of State Mike Pompeo, the
Houthis are responsible for a number of terrorist acts,
``including cross-border attacks threatening civilian
populations, infrastructure, and commercial shipping.''.
(c) Designation Required.--Not later than 10 days after the date of
the enactment of this Act, the Secretary of State shall designate
Ansarallah, otherwise known as ``Houthis'', as a foreign terrorist
organization under section 219 of the Immigration and Nationality Act
(8 U.S.C. 1189).
(d) Listing Required.--Not later than 10 days after the date of the
enactment of this Act, the Secretary of the Treasury shall place
Ansarallah, otherwise known as ``Houthis,'' on the list of Specially
Designated Nationals and Blocked Persons maintained by the Office of
Foreign Asset Control of the Department of the Treasury.
(e) Revival of Former Waivers.--Beginning on the date that is 10
days after the date of the enactment of this Act, all licenses and
waivers issued in relation to the designation of Ansarallah as a
Foreign Terrorist Organization or its placement on the list of
Specially Designated Nationals and Blocked Persons that were in effect
as of January 20, 2021, shall return to force and remain in effect as
long as Ansarallah is designated as a foreign terrorist organization
and remains on the list of Specially Designated Nationals and Blocked
Persons.
(f) Limitation on Future Waiver Authority.--Except as provided in
subsection (e), no waiver or license with respect to the designation of
Ansarallah under this section may be issued.
TITLE IV--DETERMINATIONS AND REPORTS
SEC. 401. DETERMINATIONS WITH RESPECT TO THE IMPOSITION OF SANCTIONS.
(a) Determination.--Not later than 90 days after the date of the
enactment of this Act, the Secretary of State shall submit to the
appropriate congressional committees a determination, including a
detailed justification, on whether Kata'ib Sayyid al-Shuhada, Kata'ib
al-Imam Ali, Saraya Khorasani, and the Badr Corps, and any foreign
person that is an official, agent, affiliate of, or owned or controlled
by Kata'ib Sayyid al-Shuhada, Kata'ib al-Imam Ali, Saraya Khorasani, or
the Badr Corps, meets the criteria for--
(1) designation as a foreign terrorist organization
pursuant to section 219 of the Immigration and Nationality Act
(8 U.S.C. 1189);
(2) the application of sanctions pursuant to Executive
Order 13224 (50 U.S.C. 1701 note; relating to blocking property
and prohibiting transactions with persons who commit, threaten
to commit, or support terrorism); or
(3) the application of sanctions pursuant to the Caesar
Syria Civilian Protection Act of 2019 (22 U.S.C. 8791 note).
(b) Form.--The determination in subsection (a) shall be submitted
in unclassified form but may contain a classified annex.
(c) Appropriate Congressional Committees Defined.--In this section,
the term ``appropriate congressional committees'' means--
(1) the Committee on Armed Services, the Committee on
Foreign Affairs, the Permanent Select Committee on
Intelligence, the Committee on Financial Services, and the
Committee on the Judiciary of the House of Representatives; and
(2) the Committee on Armed Services, the Committee on
Foreign Relations, the Select Committee on Intelligence, the
Committee on Banking, Housing, and Urban Affairs, and the
Committee on the Judiciary of the Senate.
SEC. 402. IRANIAN MILITIA WATCHLISTS.
(a) In General.--The Secretary of State shall annually maintain and
publish a list of armed groups, militias, or proxy forces in Iraq
receiving logistical, military, or financial assistance from Islamic
Revolutionary Guard Corps or over which the Islamic Revolutionary Guard
Corps exerts any form of control or influence.
(b) Publication.--The list required under subsection (a) shall be
published concurrently with the Annual Country Reports on Terrorism
required to be submitted pursuant to section 140 of the Foreign
Relations Authorization Act, Fiscal Years 1988 and 1989 (22 U.S.C.
2656f), beginning with the first such Country Reports published after
the date of the enactment of this Act.
(c) Form.--The Secretary may, not later than 30 days after
publication of the Annual Country Reports on Terrorism in accordance
with subsection (b), submit to the Committee on Foreign Affairs of the
House of Representatives and the Committee on Foreign Relations of the
Senate a classified annex with respect to the list required under
subsection (a).
SEC. 403. EXPANSION OF REPORTING TO INCLUDE IRANIAN ARMS SHIPMENTS TO
THE HOUTHIS AND IRANIAN BACKED MILITIAS IN IRAQ AND
SYRIA.
(a) Sense of Congress.--It is the sense of the Congress that Iran's
influence and activities in Yemen are a threat to the national security
of the United States and its regional partners, including Israel and
Saudi Arabia, and that the United States must stand with Israel and
Gulf allies against Houthi aggression in Yemen.
(b) Reporting Requirements.--Section 103(b)(6)(A) of the Countering
America's Adversaries Through Sanctions Act (22 U.S.C. 9402(b)(6)(A))
is amended by inserting ``Ansarallah, also known as the Houthis,
Iranian backed militias in Iraq and Syria, or,'' after ``bound for''.
SEC. 404. ANNUAL REPORT ON IRAN SANCTIONS VIOLATIONS.
(a) Reporting Requirement.--Not later than 30 days after the
enactment of this Act, and annually thereafter, the Secretary of the
State, in consultation with the Secretary of the Treasury, shall submit
to the appropriate congressional committees a report that includes a
list of each person not currently subject to United States sanctions
that the Secretary determines is in violation of--
(1) this Act or the amendments made by this Act;
(2) the Iran Sanctions Act of 1996 (Public Law 104-172; 50
U.S.C. 1701 note);
(3) the Comprehensive Iran Sanctions, Accountability, and
Divestment Act of 2010 (22 U.S.C. 8501 et seq.);
(4) section 1245 of the National Defense Authorization Act
for Fiscal Year 2012 (22 U.S.C. 8513a);
(5) the Iran Threat Reduction and Syria Human Rights Act of
2012 (22 U.S.C. 8701 et seq.);
(6) the Iran Freedom and Counter-Proliferation Act of 2012
(22 U.S.C. 8801 et seq.);
(7) the International Emergency Economic Powers Act (50
U.S.C. 1701 note); or
(8) any other statute or Executive order that requires or
authorizes the imposition of sanctions with respect to Iran.
(b) Form.--Each report required by paragraph (1) shall be submitted
in unclassified form but may include a classified annex.
(c) Appropriate Congressional Committees Defined.--In this section,
the term ``appropriate congressional committees'' means--
(1) the Committee on Foreign Affairs and the Committee on
Financial Services of the House of Representatives; and
(2) the Committee on Foreign Relations and the Committee on
Banking, Housing, and Urban Affairs of the Senate.
SEC. 405. REPORT ON SANCTIONS RELIEF GOING TO TERRORISM OR
DESTABILIZING ACTIVITIES.
(a) Reporting Requirement.--Not later than 180 days after the
enactment of this Act, and annually thereafter, the Secretary of the
State, in consultation with the Secretary of the Treasury, shall submit
to the appropriate congressional committees a report describing--
(1) the status of United States sanctions on Iran;
(2) the reimposition and renewed enforcement of secondary
sanctions on Iran;
(3) the impact such sanctions have had on Iran's support
for terrorism including Hamas, Hezbollah, Palestinian Islamic
Jihad, and other foreign terrorist organizations;
(4) the impact such sanctions have had on Iran's military
budget, including the budget of the Islamic Revolutionary Guard
Corps;
(5) the impact such sanctions have had on the budget and
resources available to the Basij, and how such sanctions have
affected the ability of the Basij to commit gross human rights
abuses against the people of Iran;
(6) the impact such sanctions have had on Iran's support to
the al-Assad regime in Syria and to Iranian backed militias
operating in Syria;
(7) the impact that such sanctions have had on Iran's
support for Ansarallah, also known as the Houthis, in Yemen;
and
(8) the impact that lifting such sanctions would have on
Iran's ability to commit human rights abuses against the people
of Iraq, Syria, Lebanon, and Yemen, including a detailed
description of whether lifting such sanctions would increase
the resources available for Iran and its proxy militias to
support gross human rights abuses such as torture,
extrajudicial killings, or the killing of protesters in Iraq,
Syria, Lebanon, and Yemen.
(b) Form.--
(1) In general.--The report required by paragraph (1) shall
be submitted in unclassified form, but may contain a classified
annex if necessary.
(2) Public availability of information.--The unclassified
portion of such report shall be made available on a publicly
available internet website of the Federal Government.
(c) Appropriate Congressional Committees Defined.--In this section,
the term ``appropriate congressional committees'' means--
(1) the Committee on Armed Services, the Committee on
Foreign Affairs, the Committee on Financial Services; and
(2) the Committee on Armed Services, the Committee on
Foreign Relations, the Committee on Banking, Housing, and Urban
Affairs, and the Committee on the Judiciary of the Senate.
SEC. 406. SUPPORTING HUMAN RIGHTS FOR THE PEOPLE OF IRAN AND THE
VICTIMS OF IRANIAN HUMAN RIGHTS ABUSES IN SYRIA, LEBANON,
YEMEN, AND VENEZUELA.
(a) Statement of Policy.--It shall be the policy of the United
States to--
(1) support democracy and human rights in Iran, including
the robust exercise by Iranians of the rights to freedom of
speech and assembly;
(2) where possible, support the free flow of information
into Iran to make it easier for Iranian citizens to communicate
with one another and with the outside world;
(3) hold Iran accountable for severe human rights abuses
against its own people and the people of the Middle East and
Latin America, including the peoples of Iraq, Syria, Lebanon
Yemen, and Venezuela; and
(4) condemn any and all attacks against protesters by Iran
or its sponsored militias.
(b) Determination With Respect to the Imposition of Sanctions.--Not
later than 180 days after the date of the enactment of this Act, the
President shall submit to the appropriate congressional committees a
determination, including a detailed justification, of whether any
person listed in subsection (c) meets the criteria for--
(1) the application of sanctions pursuant to section 105 of
the Comprehensive Iran Sanctions, Accountability, and
Divestment Act of 2010 (22 U.S.C. 8514); or
(2) the application of sanctions pursuant to Executive
Order 13553 (50 U.S.C. 1701 note; relating to blocking property
of certain persons with respect to serious human rights abuses
by the Government of Iran).
(c) Persons Listed.--The persons listed in this subsection are--
(1) Ayatollah Ali Khamenei, the Supreme Leader of Iran;
(2) Gholamali Mohammadi, the head of Iran's Prisons
Organization;
(3) Amin Hossein Rahimi, Iran's Minister of Justice;
(4) Mohammad Ali Zolfigol, Iran's Minister of Science;
(5) Mohammad Mehdi Esmaeili, Iran's Minister of Culture;
(6) Hassan Hassanzadeh, Iran's Islamic Revolutionary Guard
Corps commander;
(7) Mohammed Reza Yazdi, IRGC commander;
(8) Amin Vaziri, Deputy Prosecutor of Tehran and assistant
supervisor of political prisoners in Evin prison;
(9) Heshmatollah Hayat Al-Ghayb, Tehran's Director-General
of Prisons;
(10) Allahkaram Azizi, Head of the Rajaie-Shahr prison in
Karaj, Iran;
(11) Ali Al-Qasi Mehr, Prosecutor General of Tehran;
(12) Ali Hemmatian, IRGC interrogator; and
(13) Masoud Safdari, IRGC interrogator.
(d) Appropriate Congressional Committees Defined.--In this section,
the term ``appropriate congressional committees'' means--
(1) the Committee on Armed Services, the Committee on
Foreign Affairs, the Committee on Financial Services of the
House of Representatives; and
(2) the Committee on Armed Services, the Committee on
Foreign Relations, the Committee on Banking, Housing, and Urban
Affairs, and the Committee on the Judiciary of the Senate.
SEC. 407. DETERMINATION WITH RESPECT TO NET WORTH OF IRANIAN SUPREME
LEADER AYATOLLAH ALI KHAMENEI.
(a) Determination Required.--Not later than 180 days after the date
of the enactment of this Act, the Secretary of State, in consultation
with the Secretary of the Treasury and the Director of National
Intelligence, shall submit to the appropriate congressional committees
a report on the estimated net worth and known sources of income,
including income from corrupt or illicit activities, of Iranian Supreme
Leader Ali Khamenei and his family members (including spouse, children,
siblings, and paternal and maternal cousins), including assets,
investments, other business interests, and relevant beneficial
ownership information. Such report shall also include shares in and
ties to Iranian parastatal institutions or bonyaads, such as the
Mostazafan Foundation and the Astan Quds Razavi, as well as the total
estimated value of Mostazafan Foundation and the Astan Quds Razavi.
(b) Form.--The report required by subsection (a) shall be submitted
in unclassified form, but may contain a classified annex. The
unclassified portion of such report shall be made available on a
publicly available internet website of the Federal Government.
(c) Appropriate Congressional Committees Defined.--In this section,
the term ``appropriate congressional committees'' means--
(1) the Committee on Armed Services, the Committee on
Foreign Affairs, the Committee on Financial Services; and
(2) the Committee on Armed Services, the Committee on
Foreign Relations, and the Committee on Banking, Housing, and
Urban Affairs.
SEC. 408. IRGC WATCH LIST AND REPORT.
(a) In General.--The Secretary of the Treasury shall establish,
maintain, and publish in the Federal Register a list (to be known as
the ``IRGC Watch List'') of--
(1) each entity in which the IRGC has an ownership interest
of less than 25 percent;
(2) each entity in which the IRGC does not have an
ownership interest if the IRGC maintains a presence on the
board of directors of the entity or otherwise influences the
actions, policies, or personnel decisions of the entity; and
(3) each person that owns or controls an entity described
in paragraph (1) or (2).
(b) Reports Required.--
(1) Treasury report.--
(A) In general.--Not later than 90 days after the
date of the enactment of this Act, and annually
thereafter, the Secretary of the Treasury shall submit
to the appropriate congressional committees a report
that includes--
(i) the list required by subsection (a)
and, in the case of any report submitted under
this subparagraph after the first such report,
any changes to the list since the submission of
the preceding such report; and
(ii) an assessment of the role of the IRGC
in, and its penetration into, the economy of
Iran.
(B) Form of report.--Each report required by
subparagraph (A) shall be submitted in unclassified
form, but may include a classified annex if necessary.
The unclassified portion of such report shall be made
available on a publicly available internet website of
the Federal Government.
(2) Government accountability office report.--
(A) In general.--The Comptroller General of the
United States shall--
(i) conduct a review of the list required
by subsection (a); and
(ii) not later than 180 days after each
report required by paragraph (1) is submitted
to Congress, submit to Congress a report on the
review conducted under clause (i).
(B) Consultations.--In preparing the report
required by subparagraph (A)(ii), the Comptroller
General shall consult with nongovernmental
organizations.
(c) Appropriate Congressional Committees Defined.--In this section,
the term ``appropriate congressional committees'' means--
(1) the Committee on Armed Services, the Committee on
Foreign Affairs, the Committee on Financial Services of the
House of Representatives; and
(2) the Committee on Armed Services, the Committee on
Foreign Relations, and the Committee on Banking, Housing, and
Urban Affairs of the Senate.
SEC. 409. REPORT ON IRAN'S BREAKOUT TIMELINE FOR URANIUM ENRICHMENT AND
NUCLEAR WEAPONIZATION.
(a) Reporting Requirement.--Not later than 180 days after the
enactment of this Act, and annually thereafter, the Secretary of the
State, in consultation with the Director of National Intelligence,
shall submit to the appropriate congressional committees a report
describing--
(1) an assessment of Iran's estimated breakout timeline for
uranium enrichment to achieve the fissile material necessary
for a nuclear weapon; and
(2) an assessment of Iran's estimated weaponization
timeline to obtain a nuclear weapon.
(b) Form.--The report required by subsection (a) shall be submitted
in classified form.
(c) Appropriate Congressional Committees Defined.--In this section,
the term ``appropriate congressional committees'' means--
(1) the Committee on Armed Services, the Committee on
Foreign Affairs, the Committee on Financial Services of the
House of Representatives; and
(2) the Committee on Armed Services, the Committee on
Foreign Relations, the Committee on Banking, Housing, and Urban
Affairs, and the Committee on the Judiciary of the Senate.
SEC. 410. REPORT ON IRANIAN DISINFORMATION CAMPAIGNS AND COUNTER-
DISINFORMATION EFFORTS.
(a) Reporting Requirement.--Not later than 180 days after the
enactment of this Act, and annually thereafter, the Global Engagement
Center (GEC) of the Department of State shall submit to the appropriate
congressional committees a report describing--
(1) the scope of Iranian disinformation efforts around the
world including in the United States;
(2) the objectives of Iran's disinformation campaign, the
means used by Iran to further such campaigns, and the
mechanisms by which Iran spreads disinformation and propaganda;
and
(3) a detailed strategy regarding how the GEC intends to
counter disinformation efforts conducted by Iran.
(b) Form.--The report required by subsection (a) shall be submitted
in unclassified form, but may include a classified annex if necessary.
The unclassified portion of such report shall be made available on a
publicly available internet website of the Federal Government.
(c) Appropriate Congressional Committees Defined.--In this section,
the term ``appropriate congressional committees'' means--
(1) the Committee on Armed Services, the Committee on
Foreign Affairs, the Committee on Financial Services of the
House of Representatives; and
(2) the Committee on Armed Services, the Committee on
Foreign Relations, the Committee on Banking, Housing, and Urban
Affairs, and the Committee on the Judiciary of the Senate.
SEC. 411. REPORT ON IRANIAN SUPPORT TO HAMAS.
(a) Reporting Requirement.--Not later than 180 days after the date
of enactment of this Act, and annually thereafter, the Director of
National Intelligence shall submit to the appropriate congressional
committees a report describing--
(1) the extent of Hamas' funding by Iran;
(2) the extent regarding how the enforcement of United
States sanctions on Iranian oil affect the resources of Hamas;
and
(3) an assessment of how the enforcement of United States
sanctions on Iran during the period of 2019-2020 as compared to
2021-2023 affected Hamas budgets.
(b) Form.--The report required by subsection (a) shall be submitted
in unclassified form, but may include a classified annex if necessary.
The unclassified portion of such report shall be made available on a
publicly available internet website of the Federal Government.
(c) Appropriate Congressional Committees Defined.--In this section,
the term ``appropriate congressional committees'' means--
(1) the Committee on Armed Services, the Committee on
Foreign Affairs, the Committee on Financial Services of the
House of Representatives; and
(2) the Committee on Armed Services, the Committee on
Foreign Relations, the Committee on Banking, Housing, and Urban
Affairs, and the Committee on the Judiciary of the Senate.
SEC. 412. REPORT ON UNBLOCKED IRANIAN ASSETS AND TERRORISM.
(a) Reporting Requirement.--Not later than 180 days after the date
of enactment of this Act, and every 180 days thereafter, the Director
of National Intelligence shall submit to the appropriate congressional
committees a report describing--
(1) whether any sanctions relating to Iran which have been
waived, suspended, reduced, or otherwise relieved within the 3
years prior to the enactment of this Act have freed up
resources for Iran to provide support to foreign terrorist
organizations and other proxy militia groups; and
(2) a description of the extent to which any sanctions
relating to Iran which have been waived, suspended, reduced, or
otherwise relieved within the last 3 year period, have provided
increased resources to the IRGC or any other foreign terrorist
organization or proxy militia group.
(b) Form.--The report required by subsection (a) shall be submitted
in unclassified form, but may include a classified annex if necessary.
The unclassified portion of such report shall be made available on a
publicly available internet website of the Federal Government.
(c) Appropriate Congressional Committees Defined.--In this section,
the term ``appropriate congressional committees'' means--
(1) the Committee on Armed Services, the Committee on
Foreign Affairs, the Committee on Financial Services of the
House of Representatives; and
(2) the Committee on Armed Services, the Committee on
Foreign Relations, the Committee on Banking, Housing, and Urban
Affairs, and the Committee on the Judiciary of the Senate.
SEC. 413. REPORT ON IRANIAN COUNTERINTELLIGENCE THREATS IN THE UNITED
STATES.
(a) Reporting Requirement.--Not later than 180 days after the
enactment of this Act, and annually thereafter, the Attorney General
jointly with the Director of National Intelligence shall submit to the
appropriate congressional committees a report describing--
(1) the scope of Iranian counterintelligence threats;
(2) a determination regarding whether agents of the
government of Iran have sought employment or have been employed
in positions in the United States Federal Government;
(3) an assessment of Iranian espionage, influence, and
infiltration efforts in the United States, to include an
assessment of the role of the Iran Experts Initiative in these
efforts; and
(4) a strategy to counter Iranian espionage, influence, and
infiltration efforts in the United States.
(b) Form.--The report required by subsection (a) shall be submitted
in unclassified form, but may include a classified annex if necessary.
The unclassified portion of such report shall be made available on a
publicly available internet website of the Federal Government.
(c) Appropriate Congressional Committees Defined.--In this section,
the term ``appropriate congressional committees'' means--
(1) the Committee on Armed Services, the Committee on
Foreign Affairs, the Committee on Financial Services of the
House of Representatives; and
(2) the Committee on Armed Services, the Committee on
Foreign Relations, the Committee on Banking, Housing, and Urban
Affairs, and the Committee on the Judiciary of the Senate.
TITLE V--ADDITIONAL MATTERS
SEC. 501. INCREASING REWARDS FOR JUSTICE FOR HAMAS, HEZBOLLAH, THE
ISLAMIC REVOLUTIONARY GUARD CORPS AND OTHER TERRORISTS
INVOLVED IN OCTOBER 7, 2023, TERRORIST ATTACKS AGAINST
ISRAEL.
(a) Section 36(b) of the State Department Basic Authorities Act of
1956 (22 U.S.C. 2708(b)) is amended--
(1) in paragraph (13), by striking ``; or'' and inserting a
semicolon;
(2) in paragraph (14), by striking the period at the end
and inserting ``; or''; and
(3) by adding at the end the following new paragraph:
``(15) the arrest or conviction in any country of any
individual who is--
``(A) a member of Hamas, Palestinian Islamic Jihad,
Hezbollah, the Islamic Revolutionary Guard Corps, or
any other foreign terrorist organization that
participated in or helped fund or plan the October 7,
2023, terrorist attack against Israel; or
``(B) a leader of Hamas, Palestinian Islamic Jihad,
Hezbollah, the Islamic Revolutionary Guard Corps, or
any other foreign terrorist organization aligned with
or affiliated with the Islamic Republic of Iran.''.
(b) Paragraph (1) of section 36(e) of the State Department Basic
Authorities Act of 1956 (22 U.S.C. 2708(e)) is amended to read as
follows--
``(1) Maximum amount.--
``(A) No reward paid under this section may exceed
$25,000,000, except--
``(i) as personally authorized by the
Secretary of State if they determine that offer
or payment of an award of a larger amount is
necessary to combat terrorism or defend the
Nation against terrorist acts; or
``(ii) if the reward is for the capture or
information leading to the capture of any
individual described in paragraph (15) of
subsection (b) of this section.
``(B) Without first making such determination, the
Secretary may authorize a reward of up to twice the
amount specified in this paragraph for the capture or
information leading to the capture of a leader of a
foreign terrorist organization.''.
SEC. 502. REPURPOSING FROZEN IRANIAN FUNDS FOR UNITED STATES VICTIMS OF
STATE SPONSORED TERRORISM FUND.
(1) In general.--Not later than 90 days after the enactment
of this Act, the President shall make available for the United
States Victims of State Sponsored Terrorism Fund--
(A) those funds transferred from the Republic of
Korea to Qatar pursuant to the waiver exercised
pursuant to section 1245(d)(5) of the National Defense
Authorization Act for Fiscal Year 2012 and sections
1244(i) and 1247(f) of the Iran Freedom and Counter-
Proliferation Act of 2012 and transmitted to Congress
on September 11, 2023; and
(B) any other funds held with respect to United
States sanctions on the Islamic Republic of Iran that
the President determines is appropriate to be made
available to the United States Victims of State
Sponsored Terrorism Fund.
(2) Rule of construction.--Nothing in this section shall be
construed as to deny payments from the United States Victims of
State Sponsored Terrorism Fund to the victims of the October 7,
2023, attack in Israel who file an eligible claim under
subsection (c) of section 20144 of the Justice of United States
Victims of State Sponsored Terrorism Act (34 U.S.C. 20144(c))
after the President has already made the funds described in
paragraph (1) of this section available to the United States
Victims of State Sponsored Terrorism Fund.
SEC. 503. DETERMINATION REGARDING APPLICABLE IRANIAN FINANCIAL
INSTITUTIONS UNDER EXECUTIVE ORDER 13902.
(1) Determination required.--Not later than 90 days after
the enactment of this Act, and every 180 days thereafter, the
Secretary of the Treasury shall, in consultation with the
Secretary of State, determine whether any Iranian financial
institution to which the applicable sanctions under Executive
Order 13902 have not already been applied qualifies for such
sanctions.
(2) Sanctions required.--Should the Secretary of the
Treasury determine that any institution qualifies for the
applicable sanctions in Executive Order 13902, then the
Secretary shall impose the applicable sanctions described in
the order on the qualifying institution.
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