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[Page S160]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
PRESIDENTIAL MESSAGE
______
REPORT RELATIVE TO THE ISSUANCE OF AN EXECUTIVE ORDER WITH RESPECT TO
IRAN THAT TAKES ADDITIONAL STEPS WITH RESPECT TO THE NATIONAL EMERGENCY
DECLARED IN EXECUTIVE ORDER 12957 OF MARCH 15, 1995, RECEIVED DURING
ADJOURNMENT OF THE SENATE ON JANUARY 10, 2020--PM 41
The PRESIDING OFFICER laid before the Senate the following message
from the President of the United States, together with an accompanying
report; which was referred to the Committee on Banking, Housing, and
Urban Affairs:
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.
____________________
