January 10, 2020 - Issue: Vol. 166, No. 6 — Daily Edition116th Congress (2019 - 2020) - 2nd Session

[Page H174]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




IMPOSING SANCTIONS WITH RESPECT TO ADDITIONAL SECTORS OF IRAN--MESSAGE 
      FROM THE PRESIDENT OF THE UNITED STATES (H. DOC. NO. 116-94)

  The SPEAKER pro tempore laid before the House the following message 
from the President of the United States; which was read and, together 
with the accompanying papers, referred to the Committee on Foreign 
Affairs and the Committee on Financial Services and ordered to be 
printed:

To the Congress of the United States:
  Pursuant to the International Emergency Economic Powers Act (50 
U.S.C. 1701 et seq.) (IEEPA), I hereby report that I have issued an 
Executive Order (the ``order'') with respect to Iran that takes 
additional steps with respect to the national emergency declared in 
Executive Order 12957 of March 15, 1995.
  The order takes steps to deny Iran revenue, including revenue derived 
from the export of products from key sectors of Iran's economy, that 
may be used to fund and support its nuclear program, missile 
development, terrorism and terrorist proxy networks, and malign 
regional influence.
  The order blocks the property and interests in property of persons 
determined by the Secretary of the Treasury, in consultation with the 
Secretary of State:
  to operate in the construction, mining, manufacturing, or textiles 
sectors of the Iranian economy, or any other sector of the Iranian 
economy as may be determined by the Secretary of the Treasury, in 
consultation with the Secretary of State;
  to have knowingly engaged, on or after the date of the order, in a 
significant transaction for the sale, supply, or transfer to or from 
Iran of significant goods or services used in connection with a sector 
of the Iranian economy specified in, or determined by the Secretary of 
the Treasury, in consultation with the Secretary of State, pursuant to, 
section 1(a)(i) of the order;
  to have 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 the order; or
  to be 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 the order.
  The order also authorizes the Secretary of the Treasury, in 
consultation with the Secretary of State, to impose correspondent 
account and payable-through account-related sanctions on a foreign 
financial institution upon determining the foreign financial 
institution has, on or after the date of the order, knowingly conducted 
or facilitated a significant financial transaction:
  for the sale, supply, or transfer to or from Iran of significant 
goods or services used in connection with a sector of the Iranian 
economy specified in, or determined by the Secretary of the Treasury, 
in consultation with the Secretary of State, pursuant to, section 
1(a)(i) of the order; or
  for or on behalf of any person whose property and interests in 
property are blocked pursuant to section 1 of the order.
  I have delegated to the Secretary of the Treasury, in consultation 
with the Secretary of State, the authority to take such actions, 
including adopting rules and regulations, to employ all powers granted 
to the President by IEEPA as may be necessary to implement the order.
  I am enclosing a copy of the order I have issued.
                                                     Donald J. Trump.  
The White House, January 10, 2020.

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