#aacth ,,congress #ast ,session ,h4 ,r4 #hej ,,an ,,act ,to impose additional human rights and economic and financial sanctions with respect to ,iran1 and for other purposes4 #a4 ,short title and table of contents 7a7 ,short title ,this ,act may be cited as the ,nuclear ,iran ,prevention ,act of #bjac4 7b7 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title and table of contents4 ,sec4 #b4 ,findings and statement of policy4 ,title ,i--,human rights and terrorism sanctions ,sec4 #aja4 ,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 ,iran4 ,sec4 #ajb4 ,prevention of diversion of certain goods1 services and technologies to ,iran4 ,sec4 #ajc4 ,designation of ,iran's ,revolutionary ,guard ,corps as foreign terrorist organization4 ,sec4 #ajd4 ,imposition of sanctions on certain persons responsible for or complicit in human rights abuses1 engaging in censorship1 or engaging in the diversion of goods intended for the people of ,iran4 ,sec4 #aje4 ,sense of ,congress on elections in ,iran4 ,sec4 #ajf4 ,sense of ,congress on designation of a ,special ,coordinator for advancing human rights and political participation for women in ,iran4 ,title ,,ii--,economic and financial sanctions ,subtitle ,a--,amendments to ,iran ,sanctions ,act of #aiif ,sec4 #bja4 ,transfer to ,iran of goods1 services1 or technology that would materially contribute to ,iran's ability to mine or mill uranium4 ,sec4 #bjb4 ,repeal of waiver of sanctions relating to development of weapons of mass destruction or other military capabilities4 ,subtitle ,b--,amendments to ,comprehensive ,iran ,sanctions1 ,accountability1 and ,divestment ,act of #bjaj and ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab ,sec4 #baa4 ,modifications to prohibition on procurement contracts with persons that export sensitive technology to ,iran4 ,sec4 #bab4 ,authority of ,state and local governments to avoid exposure to sanctioned persons and sectors4 ,sec4 #bac4 ,sense of ,congress regarding the ,european ,central ,bank4 ,sec4 #bad4 ,imposition of sanctions with respect to certain transactions in foreign currencies4 ,sec4 #bae4 ,sanctions with respect to certain transactions with ,iran4 ,subtitle ,c--,other matters ,sec4 #bba4 ,imposition of sanctions with respect to the ,central ,bank of ,iran and other ,iranian financial institutions4 ,sec4 #bbb4 ,imposition of sanctions with respect to ports1 special economic zones1 free economic zones1 and strategic sectors of ,iran4 ,sec4 #bbc4 ,report on determinations not to impose sanctions on persons who allegedly sell1 supply1 or transfer precious metals to or from ,iran4 ,sec4 #bbd4 ,imposition of sanctions with respect to foreign financial institutions that facilitate financial transactions on behalf of persons owned or controlled by specially designated nationals4 ,sec4 #bbe4 ,repeal of exemptions under sanctions provisions of ,national ,defense ,authorization ,act for ,fiscal ,year #bjac4 ,sec4 #bbf4 ,termination of government contracts with persons who sell goods1 services1 or technology to1 or conduct any other transaction with1 ,iran4 ,sec4 #bbg4 ,conditions for entry and operation of vessels4 ,title ,,iii--,additional authorities to prevent censorship activities in ,iran ,sec4 #cja4 ,report on implementation of sanctions against the ,islamic ,republic of ,iran ,broadcasting4 ,sec4 #cjb4 ,list of persons who are high-risk re-exporters of sensitive technologies4 ,sec4 #cjc4 ,sense of ,congress on provision of intercept technologies to ,iran4 ,sec4 #cjd4 ,sense of ,congress on availability of consumer communication technologies in ,iran4 ,sec4 #cje4 ,expedited consideration of requests for authorization of transfer of goods and services to ,iran to facilitate the ability of ,iranian persons to freely communicate4 ,title ,,iv--,reports and other matters ,sec4 #dja4 ,national ,strategy on ,iran4 ,sec4 #djb4 ,report on ,iranian nuclear and economic capabilities4 ,sec4 #djc4 ,report on plausibility of expanding sanctions on ,iranian oil4 ,sec4 #djd4 ,,gao report on ,iranian strategy to evade current sanctions and other matters4 ,sec4 #dje4 ,authority to consolidate reports required under ,iran sanctions laws4 ,sec4 #djf4 ,amendments to definitions under ,iran ,sanctions ,act of #aiif and ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab4 ,sec4 #djg4 ,rule of construction4 ,sec4 #djh4 ,implementation2 penalties4 ,sec4 #dji4 ,severability4 #b4 ,findings and statement of policy 7a7 ,findings ,congress finds the following3 7#a7 ,iran's acquisition of a nuclear weapons capability would-- 7,a7 embolden its already aggressive foreign policy1 including its arming of terrorist organizations and other groups1 its efforts to destabilize countries in the ,middle ,east1 and its efforts to target the ,united ,states1 ,united ,states allies1 and ,united ,states interests globally2 7,b7 increase the risk that ,iran would share its nuclear technology and expertise with extremist groups and rogue nations2 7,c7 destabilize global energy markets1 posing a direct and devastating threat to the ,american and global economy2 and 7,d7 likely lead other governments in the region to pursue their own nuclear weapons programs1 increasing the prospect of nuclear proliferation throughout the region and effectively ending the viability of the global nonproliferation regime1 including the ,treaty on the ,non-,proliferation of ,nuclear ,weapons1 done at ,washington1 ,london1 and ,moscow ,july #a1 #aifh1 and entered into force on ,march #e1 #aigj4 7#b7 ,a nuclear arms-capable ,iran possessing intercontinental ballistic missiles1 a development most experts expect could occur within a decade1 would pose a direct nuclear threat to the ,united ,states4 7b7 ,statement of policy ,it shall be the policy of the ,united ,states to prevent ,iran from acquiring a nuclear weapons capability4 ,i ,human rights and terrorism sanctions #aja4 ,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 7a7 ,in general ,section #ajd7;c77#b7 of the ,comprehensive ,iran ,sanctions1 ,accountability1 and ,divestment ,act of #bjaj 7#bb ,u4,s4,c4 #heac7;c77#b77 is amended-- 7#a7 in subparagraph 7,d71 by striking or at the end2 7#b7 in subparagraph 7,e71 by striking the period at the end and inserting 2 or2 and 7#c7 by adding at the end the following new subparagraph3 7,f7 facilitates a significant transaction or transactions or provides significant financial services for-- 7i7 a person that is subject to sanctions under section #aje7;c71 #aje;,a7c71 #aje;,b7c71 or #aje;,c7a72 or 7ii7 a person that exports sensitive technology to ,iran and is subject to the prohibition on procurement contracts as described in section #ajf4 4 7b7 ,effective date ,the amendments made by subsection 7a7 take effect on the date of the enactment of this ,act and apply with respect to any activity described in subparagraph 7,f7 of section #ajd7;c77#b7 of the ,comprehensive ,iran ,sanctions1 ,accountability1 and ,divestment ,act of #bjaj 7as added by subsection 7a77#c7 of this section7 initiated on or after the date that is #ij days after such date of enactment4 7c7 ,regulations ,not later than #ij days after the date of the enactment of this ,act1 the ,secretary of the ,treasury shall prescribe regulations to carry out the amendments made by subsection 7a74 #ajb4 ,prevention of diversion of certain goods1 services and technologies to ,iran 7a7 ,definitions ,section #cja7a7 of the ,comprehensive ,iran ,sanctions1 ,accountability1 and ,divestment ,act of #bjaj 7#bb ,u4,s4,c4 #heda7a77 is amended by striking knows or has reason to know and inserting knows1 has reason to know1 or should have known4 7b7 ,identification of countries of concern with respect to the diversion of certain goods1 services1 and technologies to or through ,iran ,section #cjb7;b7 of the ,comprehensive ,iran ,sanctions1 ,accountability1 and ,divestment ,act of #bjaj 7#bb ,u4,s4,c4 #hedb7;b77 is amended-- 7#a7 in paragraph 7#a71 by striking or at the end2 7#b7 in paragraph 7#b71 by striking the period at the end and inserting 2 or2 and 7#c7 by adding at the end the following new paragraph3 7#c7 that are-- 7,a7 items described in the ,nuclear ,suppliers ,group ,guidelines for the ,export of ,nuclear ,material1 ,equipment and ,technology 7published by the ,international ,atomic ,energy ,agency as ,information ,circular ,,infcirc_/#bed_/,rev4 #c_/,part #a1 and subsequent revisions7 and ,guidelines for ,transfers of ,nuclear-,related ,dual-,use ,equipment1 ,material1 and ,related ,technology 7published by the ,international ,atomic ,energy ,agency as ,information ,circular ,,infcirc_/#bed_/,rev4 #c_/,part #b1 and subsequent revisions72 7,b7 items on the ,missile ,technology ,control ,regime ,equipment and ,technology ,annex of ,june #aa1 #aiif1 and subsequent revisions2 7,c7 items and substances relating to biological and chemical weapons the export of which is controlled by the ,australia ,group2 7,d7 items on the ,schedule ,one or ,schedule ,two list of toxic chemicals and precursors the export of which is controlled pursuant to the ,convention on the ,prohibition of the ,development1 ,production1 ,stockpiling and ,use of ,chemical ,weapons and on ,their ,destruction2 or 7,e7 items on the ,wassenaar ,arrangement list of ,dual ,use ,goods and ,technologies and ,munitions list of ,july #ab1 #aiif1 and subsequent revisions4 4 7c7 ,destinations of diversion concern ,section #cjc7;c7 of the ,comprehensive ,iran ,sanctions1 ,accountability1 and ,divestment ,act of #bjaj 7#bb ,u4,s4,c4 #hedc7;c77 is amended-- 7#a7 by striking ,not later than and inserting the following3 7#a7 ,in general ,not later than 2 and 7#b7 by adding at the end the following new paragraph3 7#b7 ,additional measures 7,a7 ,in general ,except as provided in this section1 the ,president may impose restrictions on ,united ,states foreign assistance or measures authorized under the ,international ,emergency ,economic ,powers ,act with respect to a country designated as a country of diversion concern if the ,president determines such restrictions or measures would prevent the transfer of ,united ,states-origin goods1 services1 and technology to ,iran4 7,b7 ,exception ,the authority to impose sanctions under subparagraph 7,a7 shall not include the authority to impose sanctions relating to the importation of goods4 7,c7 ,good defined ,in this paragraph1 the term good has the meaning given that term in section #af of the ,export ,administration ,act of #aigi 7#ej ,u4,s4,c4 ,app4 #bdae7 7as continued in effect pursuant to the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agja et seq4774 4 7d7 ,effective date ,the amendments made by this section take effect on the date of the enactment of this ,act and apply with respect to countries identified in any update to the report that is required under section #cjb7;c7 of the ,comprehensive ,iran ,sanctions1 ,accountability1 and ,divestment ,act of #bjaj and submitted to ,congress on or after such date of enactment4 #ajc4 ,designation of ,iran's ,revolutionary ,guard ,corps as foreign terrorist organization 7a7 ,in general ,subtitle ,a of title ,,iii of the ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab 7#bb ,u4,s4,c4 #hgda et seq47 is amended-- 7#a7 by redesignating section #cjd as section #cje2 and 7#b7 by inserting after section #cjc the following new section3 #cjd4 ,designation of ,iran's ,revolutionary ,guard ,corps as foreign terrorist organization 7a7 ,in general ,not later than #cj days after the date of the enactment of this section1 the ,secretary of ,state shall determine if ,iran's ,revolutionary ,guard ,corps meets the criteria for designation as a foreign terrorist organization as set forth in section #bai of the ,immigration and ,nationality ,act 7#h ,u4,s4,c4 #aahi74 7b7 ,affirmative determination ,if the ,secretary of ,state determines under subsection 7a7 that ,iran's ,revolutionary ,guard ,corps meets the criteria set forth under such section #bai1 the ,secretary shall designate ,iran's ,revolutionary ,guard ,corps as a foreign terrorist organization under such section #bai4 7c7 ,negative determination 7#a7 ,in general ,if the ,secretary of ,state determines under subsection 7a7 that ,iran's ,revolutionary ,guard ,corps does not meet the criteria set forth under such section #bai1 the ,secretary shall submit to the committees of ,congress specified in subsection 7e7 a report that contains a detailed justification as to which criteria have not been met4 7#b7 ,form ,the report required under paragraph 7#a7 shall be submitted in unclassified form1 but may contain a classified annex1 if necessary4 7d7 ,applicability of sanctions to ,quds ,force ,the sanctions applied to any entity designated as a foreign terrorist organization as set forth in such section #bai shall be applied to the ,iran's ,revolutionary ,guard ,corps ,quds ,force4 7e7 ,committees of ,congress specified ,the committees of ,congress specified in this subsection are the following3 7#a7 ,the ,committee on ,foreign ,affairs1 the ,committee on the ,judiciary1 and the ,committee on ,homeland ,security of the ,house of ,representatives4 7#b7 ,the ,committee on ,foreign ,relations1 the ,committee on the ,judiciary1 and the ,committee on ,homeland ,security and ,governmental ,affairs of the ,senate4 4 7b7 ,clerical amendment ,the table of contents for the ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab is amended by striking the item relating to section #cjd and inserting the following3 ,sec4 #cjd4 ,designation of ,iran's ,revolutionary ,guard ,corps as foreign terrorist organization4 ,sec4 #cje4 ,rule of construction4 4 #ajd4 ,imposition of sanctions on certain persons responsible for or complicit in human rights abuses1 engaging in censorship1 or engaging in the diversion of goods intended for the people of ,iran 7a7 ,finding and sense of ,congress ,section #dja7;a7 of the ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab 7,public ,law #aab-aeh2 #abf ,stat4 #abea7 is amended to read as follows3 7a7 ,finding and sense of ,congress 7#a7 ,finding ,congress finds that ,iranian persons holding the following positions in the ,government of ,iran are ultimately responsible for and have and continue to knowingly order1 control1 direct and implement gross violations of the human rights of the ,iranian people1 the human rights of persons in other countries1 censorship1 and the diversion of food1 medicine1 medical devices1 agricultural commodities and other goods intended for the ,iranian people3 7,a7 ,the ,supreme ,leader of ,iran4 7,b7 ,the ,president of ,iran4 7,c7 ,members of the ,council of ,guardians4 7,d7 ,members of the ,expediency ,council4 7,e7 ,the ,minister of ,intelligence and ,security4 7,f7 ,the ,commander of the ,iran's ,revolutionary ,guard ,corps4 7,g7 ,the ,commander of the ,basij-e-,mostaz'afin4 7,h7 ,the ,commander of ,ansar-e-,hezbollah4 7,i7 ,the ,commander of the ,quds ,force4 7,j7 ,the ,commander in ,chief of the ,police ,force4 7,k7 ,senior officials or key employees of an organization described in any of subparagraphs 7,c7 through 7,j7 or in the ,atomic ,energy ,organization of ,iran1 the ,islamic ,consultative ,assembly of ,iran1 the ,council of ,ministers of ,iran1 the ,assembly of ,experts of ,iran1 the ,ministry of ,defense and ,armed ,forces ,logistics of ,iran1 the ,ministry of ,justice of ,iran1 the ,ministry of ,interior of ,iran1 the prison system of ,iran1 or the judicial system of ,iran4 7#b7 ,sense of ,congress ,it is the sense of ,congress that-- 7,a7 the ,president should include any ,iranian person holding a position in the ,government of ,iran described in paragraph 7#a7 on one or more of the lists of persons subject to sanctions pursuant to section #aje7;b71 #aje;,a7b71 #aje;,b7b71 or #aje;,c7b7 of the ,comprehensive ,iran ,sanctions1 ,accountability1 and ,divestment ,act of #bjaj 7#bb ,u4,s4,c4 #head7;b71 #head;a7b71 #head;b7b71 or #head;c7b772 and 7,b7 the ,president should impose sanctions on such ,iranian person pursuant to section #aje1 #aje;,a1 #aje;,b1 or #aje;,c of such ,act 7as the case may be74 4 7b7 ,additional finding and sense of ,congress ,section #dja of the ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab 7,public ,law #aab-aeh2 #abf ,stat4 #abea7 is amended-- 7#a7 by redesignating subsection 7b7 as subsection 7c72 and 7#b7 by inserting after subsection 7a7 the following3 7b7 ,additional finding and sense of ,congress 7#a7 ,finding ,congress finds that other senior officials of the ,government of ,iran1 its agencies and instrumentalities1 also have and continue to knowingly order1 control1 direct1 and implement gross violations of the human rights of the ,iranian people and the human rights of persons in other countries4 7#b7 ,sense of ,congress ,it is the sense of ,congress that-- 7,a7 the ,president should investigate violations of human rights described in paragraph 7#a7 to identify other senior officials of the ,government of ,iran that also have or continue to knowingly order1 control1 direct1 and implement gross violations of human rights of the ,iranian people and the human rights of persons in other countries2 7,b7 the ,president should include any such official on one or more of the lists of persons subject to sanctions pursuant to section #aje7;b71 #aje;,a7b71 #aje;,b7b71 or #aje;,c7b7 of the ,comprehensive ,iran ,sanctions1 ,accountability1 and ,divestment ,act of #bjaj 7#bb ,u4,s4,c4 #head7;b71 #head;a7b71 #head;b7b71 or #head;c7b772 and 7,c7 the ,president should impose sanctions on any such official pursuant to section #aje1 #aje;,a1 #aje;,b1 or #aje;,c of such ,act 7as the case may be74 4 7c7 ,report ,section #dja7;c77#a7 of the ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab 7,public ,law #aab-aeh2 #abf ,stat4 #abea7 7as redesignated by subsection 7b7 of this section7 is amended-- 7#a7 by striking ,not later than and inserting the following3 7,a7 ,in general ,not later than 2 7#b7 by striking this ,act and inserting the ,nuclear ,iran ,prevention ,act of #bjac1 and annually thereafter for #c years2 7#c7 by striking otherwise directing the commission of and inserting otherwise directing-- 7i7 the commission of 2 7#d7 by striking ,iran4 and inserting ,iran2 7ii7 censorship or related activities with respect to ,iran2 or 7iii7 the diversion of goods1 food1 medicine1 medical devices1 and agricultural commodities1 intended for the people of ,iran4 2 7#e7 by striking ,for any such person and inserting the following3 7,b7 ,requirement relating to persons not included ,for any such person 2 and 7#f7 by adding at the end the following new subparagraph3 7,c7 ,requirement relating to financial net worth ,for each such person described in subparagraph 7,a7 and each such person described in subparagraph 7,b71 the ,secretary of ,state shall include in the report a description of the estimated net worth of the person4 4 7d7 ,additional report ,section #dja of the ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab 7,public ,law #aab-aeh2 #abf ,stat4 #abea71 as amended by this section1 is further amended by adding at the end the following new subsection3 7d7 ,additional report 7#a7 ,in general ,not later than #ahj days after the date of the enactment of the ,nuclear ,iran ,prevention ,act of #bjac1 and annually thereafter for #c years1 the ,secretary of ,state shall submit to the appropriate congressional committees a detailed report with respect to whether each person described in subsection 7a7 or any family member of such person has facilitated deceptive transactions for or on behalf of any person subject to ,united ,states sanctions concerning ,iran in violation of ,executive ,order #acfjh of ,may #a1 #bjab 7#gg ,fed4 ,reg4 #bfdji2 #ej ,u4,s4,c4 #agja note7 or any other provision of law4 7#b7 ,family member defined ,in this subsection1 the term family member includes1 with respect to a person1 any relative of such person to the third degree of consanguinity4 4 7e7 ,conforming amendment ,the heading for section #dja of the ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab 7,public ,law #aab-aeh2 #abf ,stat4 #abea7 is amended by striking committed against and all that follows and inserting 1 engaging in censorship1 or engaging in the diversion of goods intended for the people of ,iran44 7f7 ,clerical amendment ,the table of contents for the ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab is amended by striking the item relating to section #dja and inserting the following3 ,sec4 #dja4 ,imposition of sanctions on certain persons responsible for or complicit in human rights abuses1 engaging in censorship1 or engaging in the diversion of goods intended for the people of ,iran4 4 #aje4 ,sense of ,congress on elections in ,iran 7a7 ,findings ,congress makes the following findings3 7#a7 ,the ,iranian people are systematically denied free1 fair1 and credible elections by the ,government of the ,islamic ,republic of ,iran4 7#b7 ,the unelected and unaccountable ,guardian ,council disqualifies hundreds of qualified candidates1 including women and most religious minorities1 while the regime intimidates others into staying out of elections completely4 7#c7 ,voting inconsistencies1 including an absence of international observers1 and fraud are commonplace4 7#d7 ,the #bjji presidential elections proved that the regime will engage in large scale vote-rigging to ensure a specific result4 7#e7 ,the ,iranian regime combines electoral manipulation with the ruthless suppression of dissent4 ,following the #bjji elections1 peaceful demonstrators were met with violence by the regime's security apparatus1 including arbitrary detentions1 beatings1 kidnappings1 rapes1 and murders4 7#f7 ,the electoral manipulation and human rights violations are in violation of the ,government of ,iran's agreed to obligations under the ,united ,nations ,international ,covenant on ,civil and ,political ,rights4 7b7 ,sense of ,congress ,it is the sense of the ,congress that-- 7#a7 the ,iranian people are deprived by their government of free1 fair1 and credible elections2 7#b7 the ,united ,states should support freedom1 human rights1 civil liberties1 and the rule of law in ,iran1 and elections that are free and fair1 meet international standards1 and allow independent international and domestic electoral observers unrestricted access to polling and counting stations2 and 7#c7 the ,united ,states should support the people of ,iran in their peaceful calls for a representative and responsive democratic government that respects human rights1 civil liberties1 and the rule of law4 #ajf4 ,sense of ,congress on designation of a ,special ,coordinator for advancing human rights and political participation for women in ,iran ,it is the sense of ,congress that the ,secretary of ,state should designate a ,special ,coordinator position in the ,bureau of ,near ,eastern ,affairs whose primary function is to facilitate cooperation across departments for the purpose of advancing human rights and political participation for women in ,iran1 as well as to prepare evidence and information to be used in identifying ,iranian officials for designation as human rights violators for their involvement in violating the human rights of women in ,iran4 ,,ii ,economic and financial sanctions ,a ,amendments to ,iran ,sanctions ,act of #aiif #bja4 ,transfer to ,iran of goods1 services1 or technology that would materially contribute to ,iran's ability to mine or mill uranium 7a7 ,in general ,section #e7;b7 of the ,iran ,sanctions ,act of #aiif 7,public ,law #ajd-agb2 #ej ,u4,s4,c4 #agja note7 is amended by adding at the end the following new paragraph3 7#c7 ,transfer to ,iran of goods1 services1 or technology that can be used for mining or milling of uranium ,except as provided in subsection 7f71 the ,president shall impose #e or more of the sanctions described in section #f7;a7 with respect to a person if the ,president determines that the person knowingly transferred1 on or after the date of the enactment of the ,nuclear ,iran ,prevention ,act of #bjac1 to ,iran goods1 services1 or technology that would materially contribute to ,iran's ability to mine or mill uranium4 4 7b7 ,conforming amendments ,section #e of such ,act is amended in subsection 7b77#c71 7c71 and 7f7 by striking paragraph 7#a7 or 7#b7 each place it appears and inserting paragraph 7#a71 7#b71 or 7#c74 #bjb4 ,repeal of waiver of sanctions relating to development of weapons of mass destruction or other military capabilities ,section #i7;c77#a7 of the ,iran ,sanctions ,act of #aiif 7,public ,law #ajd-agb2 #ej ,u4,s4,c4 #agja note7 is amended-- 7#a7 by striking subparagraph 7,b72 7#b7 by redesignating subparagraph 7,c7 as subparagraph 7,b72 and 7#c7 in subparagraph 7,b7 7as redesignated by paragraph 7#b7 of this section7-- 7,a7 by striking or 7,b7 each place it appears2 and 7,b7 by striking 1 as applicable4 ,b ,amendments to ,comprehensive ,iran ,sanctions1 ,accountability1 and ,divestment ,act of #bjaj and ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab #baa4 ,modifications to prohibition on procurement contracts with persons that export sensitive technology to ,iran 7a7 ,application to owners and subsidiaries ,subsection 7a7 of section #ajf of the ,comprehensive ,iran ,sanctions1 ,accountability1 and ,divestment ,act of #bjaj 7,public ,law #aaa-aie2 #bb ,u4,s4,c4 #heae7 is amended-- 7#a7 by striking goods or services with a person and inserting the following3 goods or services-- 7#a7 with a person 2 7#b7 in paragraph 7#a71 as added by paragraph 7#a7 of this subsection1 by striking the period at the end and inserting and inserting 2 or2 and 7#c7 by adding at the end the following new paragraph3 7#b7 with respect to a person acting on behalf of or at the direction of1 or owned or controlled by1 a person described in paragraph 7#a7 or a person who owns or controls a person described in paragraph 7#a74 4 7b7 ,sensitive technology defined ,subsection 7c77#a7 of such section is amended by striking is to be used specifically and inserting has been designed or specifically modified4 7c7 ,presidential determination and imposition of additional sanctions ,such section1 as so amended1 is further amended by adding at the end the following new subsection3 7e7 ,presidential determination and imposition of additional sanctions ,the ,president shall impose #e or more of the sanctions described in section #f7;a7 of the ,iran ,sanctions ,act of #aiif 7,public ,law #ajd-agb2 #ej ,u4,s4,c4 #agja note7 with respect to-- 7#a7 a person if the ,president determines that the person knowingly exports sensitive technology to ,iran2 or 7#b7 a person acting on behalf of or at the direction of1 or owned or controlled by1 a person described in paragraph 7#a7 or a person who owns or controls a person described in paragraph 7#a74 4 7d7 ,conforming amendment ,the heading of such section is amended by inserting and imposition of sanctions against after with4 7e7 ,clerical amendment ,the table of contents for the ,comprehensive ,iran ,sanctions1 ,accountability1 and ,divestment ,act of #bjaj is amended by striking the item relating to section #ajf and inserting the following3 ,sec4 #ajf4 ,prohibition on procurement contracts with and imposition of sanctions against persons that export sensitive technology to ,iran4 4 7f7 ,effective date ,the amendments made by this section take effect on the date of the enactment of this ,act and apply with respect to exports of sensitive technology to ,iran that occur on or after such date of enactment4 #bab4 ,authority of ,state and local governments to avoid exposure to sanctioned persons and sectors 7a7 ,in general ,section #bjb of the ,comprehensive ,iran ,sanctions1 ,accountability1 and ,divestment ,act of #bjaj 7#bb ,u4,s4,c4 #hecb7 is amended by striking subsections 7a71 7b71 and 7c7 and inserting the following3 7a7 ,sense of congress ,it is the sense of ,congress that the ,united ,states should respect the decision of any ,state or local government to divest from or prohibit the investment of assets of the ,state or local government in a person described in subsection 7c7 or to impose disclosure and transparency requirements on any person subject to the jurisdiction of such government1 except with respect to an activity that is exempt1 licensed1 or otherwise authorized by a ,federal department or agency4 7b7 ,authority ,notwithstanding any other provision of law1 a ,state or local government may adopt and enforce measures that meet the requirements of subsection 7d7-- 7#a7 to divest the assets of the ,state or local government from a person described in subsection 7c72 7#b7 to prohibit investment of the assets of the ,state or local government in any such person2 or 7#c7 to impose disclosure and transparency requirements on any person subject to the jurisdiction of such government1 except with respect to an activity that is exempt1 licensed1 or otherwise authorized by a ,federal department or agency4 7c7 ,persons described ,a person described in this subsection is a person with respect to which sanctions have been1 and continue to be1 imposed pursuant to-- 7#a7 section #ajd7;c7 of this ,act2 7#b7 section #e of the ,iran ,sanctions ,act of #aiif 7#ej ,u4,s4,c4 #agja note72 7#c7 section #abde7;d7 of the ,national ,defense ,authorization ,act for ,fiscal ,year #bjab 7#bb ,u4,s4,c4 #heac;a7d772 or 7#d7 sections #abdd1 #abde1 #abdf or #abdg of the ,national ,defense ,authorization ,act for ,fiscal ,year #bjac 7#bb ,u4,s4,c4 #hhjc1 #hhjd1 #hhje1 or #hhjf74 4 7b7 ,conforming amendments ,section #bjb of the ,comprehensive ,iran ,sanctions1 ,accountability1 and ,divestment ,act of #bjaj 7#bb ,u4,s4,c4 #hecb7 is amended-- 7#a7 in subsection 7d77#d71 by striking engages in investment activities in ,iran described in subsection 7c7 and inserting is a person described in subsection 7c72 7#b7 in subsection 7f71 by striking or 7i7 and inserting or 7g72 7#c7 by striking subsection 7h7 and by redesignating subsections 7i7 and 7j7 as subsections 7h7 and 7i71 respectively2 and 7#d7 in paragraph 7#a7 of subsection 7i7 7as redesignated by paragraph 7#c7 of this subsection71 by striking 7determined without regard to subsection 7c774 7c7 ,effective date ,the amendments made by this section apply to measures adopted by ,state and local governments on or after the date of the enactment of this ,act4 #bac4 ,sense of ,congress regarding the ,european ,central ,bank 7a7 ,findings ,congress finds the following3 7#a7 ,the ,government of ,iran1 its agencies and instrumentalities1 continue to have access to1 and utilize1 euro-denominated transactions1 including for goods and services that are subject to sanctions imposed by the ,united ,states1 the ,european ,union and its member states and by the ,united ,nations4 7#b7 ,the ,guidelines of the ,european ,central ,bank 7,article #ci7a77 states that3 ,participants shall be deemed to be aware of1 and shall comply with1 all obligations on them relating to legislation on data protection1 prevention of money laundering and the financing of terrorism1 proliferation-sensitive nuclear activities and the development of nuclear weapons delivery systems1 in particular in terms of implementing appropriate measures concerning any payments debited or credited on their ,,pm accounts4 7#c7 ,united ,states and ,european convergence with respect to ,united ,states sanctions efforts toward the ,government of ,iran is a vital component of ,united ,states policy aimed at preventing the ,government of ,iran from acquiring a nuclear weapons capability4 7b7 ,sense of ,congress ,it is the sense of ,congress that the ,president should continue to closely coordinate and cooperate with the ,european ,union and its member states to restrict access to and use of the euro currency by the ,government of ,iran1 its agencies and instrumentalities1 for transactions with the exception of food1 medicine1 medical devices1 and agricultural commodities4 #bad4 ,imposition of sanctions with respect to certain transactions in foreign currencies 7a7 ,imposition of sanctions ,subtitle ,b of title ,,ii of the ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab 7#bb ,u4,s4,c4 #hgba et seq47 is amended by inserting after section #bbj the following3 #bbj;,a4 ,imposition of sanctions with respect to certain transactions in foreign currencies 7a7 ,in general ,except as provided in this section1 the ,president-- 7#a7 shall prohibit the opening1 and prohibit or impose strict conditions on the maintaining1 in the ,united ,states of a correspondent account or a payable-through account by a foreign financial institution that is a person described in subsection 7c72 and 7#b7 may impose sanctions pursuant to the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agja et seq47 with respect to any other person described in subsection 7c74 7b7 ,exception ,the authority to impose sanctions under subsection 7a77#b7 shall not include the authority to impose sanctions relating to the importation of goods4 7c7 ,person described ,a person described in this subsection is a person the ,president determines has-- 7#a7 knowingly conducted or facilitated a significant transaction involving the currency of a country other than the country in which the person is operating at the time of the transaction with1 for1 or on behalf of-- 7,a7 the ,central ,bank of ,iran or another ,iranian financial institution designated by the ,secretary of the ,treasury for the imposition of sanctions pursuant to the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agja et seq472 or 7,b7 a person described in section #abdd7;c77#b7 of the ,iran ,freedom and ,counter-,proliferation ,act 7#bb ,u4,s4,c4 #hhjc7;c77#b77 7other than a person described in subparagraph 7,c77iii7 of that section72 or 7#b7 knowingly conducted or facilitated a significant transaction by another person involving the currency of a country other than the country in which that other person is operating at the time of the transaction1 with1 for1 or on behalf of a person described in subparagraph 7,a7 or 7,b7 of paragraph 7#a74 7d7 ,waiver 7#a7 ,in general ,the ,president may waive the application of subsection 7a7 with respect to a person for a period of not more than #ahj days1 and may renew that waiver for additional periods of not more than #ahj days1 if the ,president-- 7,a7 determines that the waiver is vital to the national security of the ,united ,states2 and 7,b7 not less than #g days before the waiver or the renewal of the waiver1 as the case may be1 takes effect1 submits a report to the appropriate congressional committees on the waiver and the reason for the waiver4 7#b7 ,form of report ,each report submitted under paragraph 7#a77;,b7 shall be submitted in unclassified form but may include a classified annex4 7e7 ,rule of construction ,nothing in this section shall be construed to prohibit any person from1 or authorize or require the imposition of sanctions with respect to any person for1 conducting or facilitating any transaction in the currency of the country in which the person is operating at the time of the transaction for the sale of agricultural commodities1 food1 medicine1 or medical devices4 7f7 ,definitions ,in this section3 7#a7 ,account2 correspondent account2 payable-through account ,the terms account1 correspondent account1 and payable-through account have the meanings given those terms in section #ecah;,a of title #ca1 ,united ,states ,code4 7#b7 ,agricultural commodity ,the term agricultural commodity has the meaning given that term in section #ajb of the ,agricultural ,trade ,act of #aigh 7#g ,u4,s4,c4 #efjb74 7#c7 ,foreign financial institution ,the term foreign financial institution has the meaning given that term in section #efa4cjh of title #ca1 ,code of ,federal ,regulations 7or any corresponding similar regulation or ruling74 7#d7 ,good ,the term good has the meaning given that term in section #af of the ,export ,administration ,act of #aigi 7#ej ,u4,s4,c4 ,app4 #bdae7 7as continued in effect pursuant to the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agja et seq4774 7#e7 ,iranian financial institution ,the term ,iranian financial institution has the meaning given that term in section #ajd;,a7d7 of the ,comprehensive ,iran ,sanctions1 ,accountability1 and ,divestment ,act of #bjaj 7#bb ,u4,s4,c4 #heac;b7d774 7#f7 ,medical device ,the term medical device has the meaning given the term device in section #bja of the ,federal ,food1 ,drug1 and ,cosmetic ,act 7#ba ,u4,s4,c4 #cba74 7#g7 ,medicine ,the term medicine has the meaning given the term drug in section #bja of the ,federal ,food1 ,drug1 and ,cosmetic ,act 7#ba ,u4,s4,c4 #cba74 7#h7 ,transaction ,the term transaction includes a foreign exchange swap1 a foreign exchange forward1 and any other type of similar currency exchange or conversion or similar derivative instrument4 4 7b7 ,conforming amendments 7#a7 ,implementation ,section #fja7;a77#a7 of the ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab 7#bb ,u4,s4,c4 #hgha7;a77#a77 is amended by inserting #bbj;,a1 after #bbj14 7#b7 ,penalties ,section #fja7;b77#b77;,a7 of such ,act 7#bb ,u4,s4,c4 #hgha7;b77#b77;,a77 is amended by striking and #bbj1 and inserting #bbj1 and #bbj;,a14 7#c7 ,termination ,section #fje7;a7 of such ,act 7#bb ,u4,s4,c4 #hghe7;a77 is amended by inserting #bbj;,a1 after #bbj14 7c7 ,clerical amendment ,the table of contents for the ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab is amended by inserting after the item relating to section #bbj the following3 ,sec4 #bbj;,a4 ,imposition of sanctions with respect to certain transactions in foreign currencies4 4 7d7 ,effective date ,the amendments made by this section take effect on the date of the enactment of this ,act and apply with respect to transactions entered into on or after ,may #bb1 #bjac4 #bae4 ,sanctions with respect to certain transactions with ,iran 7a7 ,in general ,subtitle ,b of title ,,ii of the ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab 7#bb ,u4,s4,c4 #hgba et seq47 is amended by adding at the end the following new section3 #bbe4 ,sanctions with respect to certain transactions with ,iran 7a7 ,authorization of sanctions 7#a7 ,in general ,except as provided in this section1 the ,president may impose sanctions pursuant to the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agja et seq47 on a foreign person that the ,president determines has1 on or after the date that is #fj days after the date of the enactment of the ,nuclear ,iran ,prevention ,act of #bjac1 knowingly conducted or facilitated a significant financial transaction with the ,central ,bank of ,iran or other ,iranian financial institution that has been designated by the ,secretary of the ,treasury for the imposition of sanctions pursuant to the ,international ,emergency ,economic ,powers ,act1 for-- 7,a7 the purchase of goods or services by a person in ,iran or on behalf of a person in ,iran2 or 7,b7 the purchase of goods or services from a person in ,iran or on behalf of a person in ,iran4 7#b7 ,exception 7,a7 ,in general ,the authority to impose sanctions under paragraph 7#a7 shall not include the authority to impose sanctions relating to the importation of goods4 7,b7 ,good ,in this paragraph1 the term good has the meaning given that term in section #af of the ,export ,administration ,act of #aigi 7#ej ,u4,s4,c4 ,app4 #bdae7 7as continued in effect pursuant to the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agja et seq4774 7#c7 ,rule of construction ,nothing in this section shall be construed to affect the imposition of sanctions with respect to a financial transaction for the purchase of petroleum or petroleum products from ,iran under section #abde of the ,national ,defense ,authorization ,act for ,fiscal ,year #bjab 7,public ,law #aab-ha2 #abe ,stat4 #afdh74 7b7 ,exception for overall reductions of exports to and imports from ,iran 7#a7 ,in general ,the ,president is authorized not to impose sanctions under subsection 7a7 on a foreign person if the ,president determines and submits to the appropriate congressional committees a report that contains a determination of the ,president that the country with primary jurisdiction over the foreign person has1 during the time period described in paragraph 7#b71 significantly reduced the value and volume of imports and exports of goods 7other than petroleum or petroleum products7 and services between such country and ,iran4 7#b7 ,time period described ,the time period referred to in paragraph 7#a7 is the #fj-;day period ending on the date on which the ,president makes the determination under paragraph 7#a7 as compared to the immediately preceding #fj-;day period4 7c7 ,exception for sales of agricultural commodities1 food1 medicine and medical devices ,the ,president may not impose sanctions under subsection 7a7 on a foreign person with respect to a transaction for the sale of agricultural commodities1 food1 medicine or medical devices to ,iran4 7d7 ,definitions ,in this section3 7#a7 ,foreign person ,the term foreign person has the meaning given that term in section #ad of the ,iran ,sanctions ,act of #aiif 7,public ,law #ajd-agb2 #ej ,u4,s4,c4 #agja note74 7#b7 ,iranian financial institution ,the term ,iranian financial institution has the meaning given that term in section #ajd;,a7d7 of the ,comprehensive ,iran ,sanctions1 ,accountability1 and ,divestment ,act of #bjaj 7#bb ,u4,s4,c4 #heac;b7d774 4 7b7 ,clerical amendment ,the table of contents for the ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab is amended by inserting after the item relating to section #bbd the following3 ,sec4 #bbe4 ,sanctions with respect to certain transactions with ,iran4 4 ,c ,other matters #bba4 ,imposition of sanctions with respect to the ,central ,bank of ,iran and other ,iranian financial institutions 7a7 ,exception to applicability of sanctions with respect to petroleum transactions ,section #abde7;d77#d77;,d77i77,i7 of the ,national ,defense ,authorization ,act for ,fiscal ,year #bjab 7,public ,law #aab-ha2 #abe ,stat4 #afdh2 #bb ,u4,s4,c4 #heac;a7d77#d77;,d77i77,i77 is amended-- 7#a7 by striking reduced reduced and inserting reduced2 7#b7 by inserting value and before volume2 7#c7 by inserting or of ,iranian origin after from ,iran2 and 7#d7 by adding at the end before the semicolon the following3 1 and the ,president certifies in writing to ,congress that the ,president has based such determination on accurate information on that country's total purchases of crude oil from ,iran or of ,iranian origin4 7b7 ,financial transactions described ,section #abde7;d77#d77;,d77ii77,,ii7 of the ,national ,defense ,authorization ,act for ,fiscal ,year #bjab 7,public ,law #aab-ha2 #abe ,stat4 #afdh7 is amended-- 7#a7 by striking 7,,ii7 and inserting 7,,ii77aa72 7#b7 in item 7aa7 7as designated by paragraph 7#a7 of this subsection71 by striking the period at the end and inserting 2 and2 and 7#c7 by adding at the end the following new item3 7bb7 the foreign financial institution holding the account described in item 7aa7 does not knowingly facilitate any significant financial transfers for1 with1 or on behalf of the ,government of ,iran1 unless the transaction is excepted from sanctions under paragraph 7#b7 or is a transaction described in subclause 7,i7 and item 7aa74 4 7c7 ,strategy to reduce crude oil purchases from ,iran or of ,iranian origin 7#a7 ,statement of policy ,it is the policy of the ,united ,states to seek to ensure that countries that have received an exception under subparagraph 7,d77i77,i7 of section #abde7;d77#d7 of the ,national ,defense ,authorization ,act for ,fiscal ,year #bjab 7,public ,law #aab-ha2 #abe ,stat4 #afdh7 shall reduce their crude oil purchases from ,iran or of ,iranian origin so that the aggregate amount of such purchases is reduced by not less than an average of #a1jjj1jjj barrels of crude oil per day by the end of the #a-year period beginning on the date of submission of the strategy described in subparagraph 7,e77ii7 of such section 7as added by paragraph 7#b7 of this subsection74 7#b7 ,amendment ,section #abde7;d77#d7 of the ,national ,defense ,authorization ,act for ,fiscal ,year #bjab 7,public ,law #aab-ha2 #abe ,stat4 #afdh7 is amended by adding at the end the following new subparagraph3 7,e7 ,strategy to reduce crude oil purchases from ,iran or of ,iranian origin 7i7 ,in general ,not later than #cj days after the date of the enactment of the ,nuclear ,iran ,prevention ,act of #bjac1 the ,president shall make a determination1 based on the information contained in the most recent report required under subparagraph 7,a71 of whether each country that received an exception under subparagraph 7,d77i77,i7 before such date of enactment is able to reduce its crude oil purchases from ,iran or of ,iranian origin so that the aggregate amount of such purchases is reduced by not less than an average of #a1jjj1jjj barrels of crude oil per day by the end of the #a-year period beginning on the date of submission of the strategy described in clause 7ii74 ,if the ,president makes an initial determination under this clause that the requirements of this clause cannot be met1 then the ,president shall continue to make a determination under this clause every #ij days thereafter as to whether or not the requirements of this clause can be met4 7ii7 ,strategy ,if the ,president determines that the requirements of clause 7i7 can be met1 then not later than #fj days after the date of such affirmative determination1 the ,president shall develop and submit to the appropriate congressional committees a strategy to seek to ensure that the requirements of clause 7i7 are met by the end of the #a-year period beginning on such date of submission4 7iii7 ,future exceptions 7,i7 ,affirmative determination ,if the ,president determines that the strategy described in clause 7ii7 was achieved1 then each country described in clause 7i7 shall be eligible to receive one or more further exceptions under subparagraph 7,d77i77,i7 in accordance with the provisions of such subparagraph4 7,,ii7 ,negative determination ,except as provided in subclause 7,,iii71 if the ,president determines that the strategy described in clause 7ii7 was not achieved1 then each country described in clause 7i7 shall be ineligible to receive any further exception under subparagraph 7,d77i77,i7 in accordance with the provisions of such subparagraph4 7,,iii7 ,exception 7aa7 ,in general ,subclause 7,,ii7 shall not apply with respect to a country described in clause 7i7 if the country-- 7,,aa7 dramatically reduced its crude oil purchases from ,iran or of ,iranian origin during the #a-year period described in clause 7ii72 and 7,,bb7 has committed itself to continue to reduce its crude oil purchases from ,iran or of ,iranian origin to a de minimis level4 7bb7 ,data ,the ,president shall submit to the appropriate congressional committees all data used to make a determination under item 7aa7 not later than #ae days before issuing an exception under item 7aa74 7iv7 ,appropriate congressional committees ,in this subparagraph1 the term appropriate congressional committees means-- 7,i7 the ,committee on ,foreign ,affairs and the ,committee on ,financial ,services of the ,house of ,representatives2 and 7,,ii7 the ,committee on ,foreign ,relations and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate4 4 7d7 ,definition of crude oil ,section #abde7;d77#d77;,d7 of the ,national ,defense ,authorization ,act for ,fiscal ,year #bjab 7#bb ,u4,s4,c4 #heac;a7d77#d77;,d77 is amended by adding at the end the following new clause3 7iii7 ,crude oil ,in this subparagraph1 the term crude oil includes unfinished oils1 liquefied petroleum gases1 distillate fuel oil1 and residual fuel oil4 4 7e7 ,waiver ,section #abde7;d77#e77;,a7 of the ,national ,defense ,authorization ,act for ,fiscal ,year #bjab 7#bb ,u4,s4,c4 #heac;a7d77#e77;,a77 is amended by striking in the national and inserting vital to the national4 7f7 ,definitions of significant reduction ,section #abde7;h77#c7 of the ,national ,defense ,authorization ,act for ,fiscal ,year #bjab 7#bb ,u4,s4,c4 #heac;a7h77#c77 is amended-- 7#a7 by striking price or volume and inserting price and volume2 and 7#b7 by adding at the end before the period the following3 and at least a pro rata amount totaling1 in the aggregate1 not less than an average of #a1jjj1jjj barrels of crude oil per day by the end of the #a-year period beginning on the date of submission of the strategy described in subsection 7d77#d77;,e77ii74 7g7 ,effective date ,the amendments made by this section take effect beginning on the date that is #ahj days after the date of the enactment of this ,act4 #bbb4 ,imposition of sanctions with respect to ports1 special economic zones1 free economic zones1 and strategic sectors of ,iran 7a7 ,findings ,subsection 7a77#a7 of section #abdd of the ,national ,defense ,authorization ,act for ,fiscal ,year #bjac 7#bb ,u4,s4,c4 #hhjc7 is amended by striking and shipbuilding and inserting shipbuilding1 automotive1 construction1 engineering1 or mining4 7b7 ,designation of ports1 special economic zones1 free economic zones1 and entities in strategic sectors as entities of proliferation concern ,subsection 7b7 of such section is amended-- 7#a7 in the subsection heading1 by striking and entities in the energy1 shipping1 and shipbuilding sectors and inserting 1 special economic zones1 free economic zones1 and entities in strategic sectors2 and 7#b7 by striking and entities in the energy1 shipping1 and shipbuilding sectors and inserting 1 entities that operate special economic zones or free economic zones1 and entities in strategic sectors 7as defined in subsection 7c77#d774 7c7 ,blocking of property of ports1 special economic zones1 free economic zones1 and entities in strategic sectors ,subsection 7c7 of such section is amended-- 7#a7 in the subsection heading1 by striking entities in energy1 shipping1 and shipbuilding sectors and inserting ports1 special economic zones1 free economic zones1 and entities in strategic sectors2 7#b7 in paragraph 7#b7-- 7,a7 by striking the energy1 shipping1 or shipbuilding sectors each place it appears and inserting a strategic sector 7as defined in paragraph 7#d77;,a772 and 7,b7 by inserting 1 special economic zone1 or free economic zone after port each place it appears2 and 7#c7 by adding at the end the following new paragraphs3 7#d7 ,strategic sector defined ,in this section1 the term strategic sector means-- 7,a7 the energy1 shipping1 shipbuilding1 automotive1 or mining sector of ,iran2 and 7,b7 the construction or engineering sector of ,iran if the ,president determines and reports to ,congress not later than #de days after the date of the enactment of the ,nuclear ,iran ,prevention ,act of #bjac that the construction or engineering sector of ,iran1 as the case may be1 is of strategic importance to ,iran4 7#e7 ,notification and report relating to strategic sectors 7,a7 ,notification ,the ,president shall submit to ,congress a notification of the designation of a sector as a strategic sector of ,iran for purposes of paragraph 7#d77;,c7 not later than #cj days after the date on which the ,president makes such designation4 7,b7 ,report ,not later than #ij days after the date on which the ,president submits to ,congress a notification of the designation of a sector as a strategic sector of ,iran under subparagraph 7,a71 the ,comptroller ,general of the ,united ,states shall submit to ,congress a report that contains-- 7i7 a review and comment on such designation2 and 7ii7 recommendations regarding the designation of additional sectors as strategic sectors of ,iran for purposes of paragraph 7#d74 4 7d7 ,additional sanctions with respect to strategic sectors ,subsection 7d7 of such section is amended-- 7#a7 in the subsection heading1 by striking the energy1 shipping1 and shipbuilding sectors and inserting strategic sectors2 and 7#b7 in paragraph 7#c71 by striking the energy1 shipping1 or shipbuilding sectors and inserting a strategic sector 7as defined in subsection 7c77#d77;,a774 7e7 ,exception for ,afghanistan reconstruction ,subsection 7f7 of such section is amended-- 7#a7 in the matter preceding paragraph 7#a71 by inserting for a period of not more than #a year1 and may renew that exception for additional periods of not more than #a year after economic development for ,afghanistan2 7#b7 in paragraph 7#a7-- 7,a7 by striking to the extent that and inserting if2 7,b7 by inserting or the renewal of the exception1 as the case may be1 after such an exception2 and 7,c7 by striking in the national interest and inserting in the national security interest2 and 7#c7 in paragraph 7#b7-- 7,a7 by inserting or the renewal of the exception1 as the case may be1 before not later than #ae days2 and 7,b7 by inserting at the end before the period the following3 or the renewal of the exception4 7f7 ,conforming amendment ,such section is further amended in the section heading by striking the energy1 shipping1 and shipbuilding sectors and inserting ports1 special economic zones1 free economic zones1 and strategic sectors4 7g7 ,effective date ,the amendments made by this section-- 7#a7 take effect on the date that is #ij days after the date of the enactment of this ,act2 and 7#b7 7,a7 with respect to subsection 7c7 of section #abdd of the ,national ,defense ,authorization ,act for ,fiscal ,year #bjac1 as so amended1 apply with respect to all transactions in all property and interests in property of any person described in subsection 7c77#b7 of such section that occur on or after the date that is #ahj days after such date of enactment2 and 7,b7 7i7 with respect to subsection 7d77#a7 of section #abdd of the ,national ,defense ,authorization ,act for ,fiscal ,year #bjac1 apply with respect to the sale1 supply1 or transfer to or from ,iran of goods or services described in subsection 7d77#c7 of such section1 as so amended1 that occurs on or after the date that is #ahj days after such date of enactment2 and 7ii7 with respect to subsection 7d77#b7 of section #abdd of the ,national ,defense ,authorization ,act for ,fiscal ,year #bjac1 apply with respect to the conduct or facilitation of a significant financial transaction for the sale1 supply1 or transfer to or from ,iran of goods or services described in subsection 7d77#c7 of such section1 as so amended1 that occurs on or after the date that is #ahj days after such date of enactment4 #bbc4 ,report on determinations not to impose sanctions on persons who allegedly sell1 supply1 or transfer precious metals to or from ,iran ,section #abde of the ,national ,defense ,authorization ,act for ,fiscal ,year #bjac 7#bb ,u4,s4,c4 #hhjd7 is amended-- 7#a7 by redesignating subsection 7h7 as subsection 7i72 and 7#b7 by inserting after subsection 7g7 the following new subsection3 7h7 ,report on determinations not to impose sanctions on persons who allegedly sell1 supply1 or transfer precious metals to or from ,iran 7#a7 ,in general ,not later than #ij days after the date of the enactment of ,nuclear ,iran ,prevention ,act of #bjac1 and every #ij days thereafter1 the ,president shall submit to the appropriate congressional committees a report on each determination of the ,president during the preceding #ij-;day period not to impose sanctions under subsection 7a7 or 7c7 with respect to a person who allegedly sells1 supplies1 or transfers precious metals1 directly or indirectly1 to or from ,iran1 together with the reasons for such determination4 7#b7 ,form ,the report required by paragraph 7#a7 shall be submitted in unclassified form1 but may contain a classified annex1 if necessary4 4 #bbd4 ,imposition of sanctions with respect to foreign financial institutions that facilitate financial transactions on behalf of persons owned or controlled by specially designated nationals ,section #abdg of the ,national ,defense ,authorization ,act for ,fiscal ,year #bjac 7#bb ,u4,s4,c4 #hhjf7 is amended-- 7#a7 by redesignating subsection 7f7 as subsection 7g72 and 7#b7 by inserting after subsection 7e7 the following new subsection3 7f7 ,persons owned or controlled by specially designated nationals 7#a7 ,in general ,the ,president shall impose sanctions described in subsection 7a7 with respect to a foreign financial institution1 including but not limited to a foreign central bank1 that the ,president determines has1 on or after the date that is #ij days after the date of the enactment of the ,nuclear ,iran ,prevention ,act of #bjac1 knowingly facilitated a significant financial transaction on behalf of any person determined by the ,president to be directly owned or controlled by an ,iranian person included on the list of specially designated nationals and blocked persons maintained by the ,office of ,foreign ,assets ,control of the ,department of the ,treasury 7other than an ,iranian financial institution described in subsection 7b774 7#b7 ,sense of ,congress ,it is the sense of ,congress that the ,president routinely should determine on or after the date of the enactment of the ,nuclear ,iran ,prevention ,act of #bjac those persons that are directly or indirectly owned or controlled by an ,iranian person included on the list of specially designated nationals and blocked persons maintained by the ,office of ,foreign ,assets ,control of the ,department of the ,treasury 7other than an ,iranian financial institution described in subsection 7b774 7#c7 ,consideration of data from other countries and nongovernmental organizations ,the ,president shall consider credible data already obtained by other countries and nongovernmental organizations in making determinations described in paragraph 7#a74 4 #bbe4 ,repeal of exemptions under sanctions provisions of ,national ,defense ,authorization ,act for ,fiscal ,year #bjac ,subtitle ,d of title ,,xii of the ,national ,defense ,authorization ,act for ,fiscal ,year #bjac 7#bb ,u4,s4,c4 #hhja et seq47 is amended-- 7#a7 in section #abdd-- 7,a7 in subsection 7c77#a7-- 7i7 by striking 7#a7 ,blocking of property4-- and all that follows through ,on and after and inserting 7#a7 ,blocking of property4--,on and after2 and 7ii7 by striking subparagraph 7,b72 and 7,b7 in subsection 7d77#a7-- 7i7 by striking 7#a7 ,sale1 supply1 or transfer of certain goods and services4-- and all that follows through ,except as provided and inserting 7#a7 ,sale1 supply1 or transfer of certain goods and services4--,except as provided2 and 7ii7 by striking subparagraph 7,b72 7#b7 in section #abde7;a7-- 7,a7 by striking 7a7 sale1 supply1 or transfer of certain materials4-- and all that follows through ,the ,president and inserting 7a7 sale1 supply1 or transfer of certain materials4--,the ,president2 7,b7 by redesignating subparagraphs 7,a71 7,b71 and 7,c7 as paragraphs 7#a71 7#b71 and 7#c71 respectively 7and by redesignating all sub-units therein accordingly72 7,c7 in paragraph 7#c77;,b7 7as redesignated by subparagraph 7,b7 of this paragraph7-- 7i7 in clause 7i71 by striking subclause 7,i7 of clause 7i7 and inserting clause 7i7 of subparagraph 7,a72 7ii7 in clause 7ii71 by striking subclause 7,,ii7 of that clause and inserting clause 7ii7 of that subparagraph2 and 7iii7 in clause 7iii71 by striking subclause 7,,iii7 of that clause and inserting clause 7iii7 of that subparagraph2 and 7,d7 by striking 7#b7 exception4-- and all that follows through paragraph 7#a742 and 7#c7 in section #abdf7;a7-- 7,a7 by striking 7a7 imposition of sanctions4-- and all that follows through ,except as provided and inserting 7a7 imposition of sanctions4--,except as provided2 7,b7 by redesignating subparagraphs 7,a71 7,b71 and 7,c7 as paragraphs 7#a71 7#b71 and 7#c71 respectively 7and by redesignating all sub-units therein accordingly72 and 7,c7 by striking 7#b7 exception4-- and all that follows through paragraph 7#a742 and #bbf4 ,termination of government contracts with persons who sell goods1 services1 or technology to1 or conduct any other transaction with1 ,iran 7a7 ,modification of federal acquisition regulation ,not later than #ij days after the date of the enactment of this ,act1 the ,federal ,acquisition ,regulation shall be revised to require a certification from each person that is a prospective contractor that the person1 and any person under common ownership or control with the person1 does not sell goods1 services1 or technology to1 or conduct any other transaction with1 ,iran for which sanctions may be imposed under this ,act4 7b7 ,remedies 7#a7 ,in general ,if the head of an executive agency determines that a person has submitted a false certification under subsection 7a7 on or after the date on which the applicable revision of the ,federal ,acquisition ,regulation required by this section becomes effective1 the head of that executive agency shall terminate a contract with such person or debar or suspend such person from eligibility for ,federal contracts for a period of not less than #b years4 ,any such debarment or suspension shall be subject to the procedures that apply to debarment and suspension under the ,federal ,acquisition ,regulation under subpart #i4d of part #i of title #dh1 ,code of ,federal ,regulations4 7#b7 ,inclusion on list of parties excluded from federal procurement and nonprocurement programs ,the ,administrator of ,general ,services shall include on the ,list of ,parties ,excluded from ,federal ,procurement and ,nonprocurement ,programs maintained by the ,administrator under part #i of the ,federal ,acquisition ,regulation each person that is debarred1 suspended1 or proposed for debarment or suspension by the head of an executive agency on the basis of a determination of a false certification under paragraph 7#a74 7c7 ,rule of construction ,this section shall not be construed to limit the use of other remedies available to the head of an executive agency or any other official of the ,federal ,government on the basis of a determination of a false certification under subsection 7a74 7d7 ,waivers 7#a7 ,in general ,the ,president may on a case-by-case basis waive the requirement that a person make a certification under subsection 7a7 if the ,president determines and certifies in writing to the congressional committees described in paragraph 7#b7 that it is essential to the national security interests of the ,united ,states to do so4 7#b7 ,congressional committees described ,the congressional committees referred to in paragraph 7#a7 are-- 7,a7 the ,committee on ,foreign ,affairs1 the ,committee on ,armed ,services1 and the ,committee on ,oversight and ,government ,reform of the ,house of ,representatives2 and 7,b7 the ,committee on ,foreign ,relations1 the ,committee on ,armed ,services1 and the ,committee on ,homeland ,security and ,governmental ,affairs of the ,senate4 7e7 ,definitions ,in this section3 7#a7 ,executive agency ,the term executive agency has the meaning given that term in section #acc of title #da1 ,united ,states ,code4 7#b7 ,federal ,acquisition ,regulation ,the term ,federal ,acquisition ,regulation means the regulation issued pursuant to section #acjc7;a77#a7 of title #da1 ,united ,states ,code4 7f7 ,applicability ,the revisions to the ,federal ,acquisition ,regulation required under subsection 7a7 shall apply with respect to contracts for which solicitations are issued on or after the date that is #ij days after the date of the enactment of this ,act4 #bbg4 ,conditions for entry and operation of vessels 7a7 ,in general ,the ,ports and ,waters ,safety ,act 7#cc ,u4,s4,c4 #abba et seq47 is amended by adding at the end the following3 #af4 ,prohibition on entry and operation 7a7 ,prohibition 7#a7 ,in general ,no foreign vessel described in subsection 7b7 shall enter or operate in the navigable waters of the ,united ,states or transfer cargo in any port or place under the jurisdiction of the ,united ,states4 7#b7 ,limitation on ,application ,paragraph 7#a7 shall not apply with respect to a vessel described in subsection 7b77#b7 on and after any date on which the ,secretary of ,state determines that the vessel is no longer registered as described in that subsection4 ,the ,secretary of ,state shall publish a notice of each such determination in the ,federal ,register4 7b7 ,vessels described ,a vessel referred to in subsection 7a7 is a foreign vessel for which a ,notice of ,arrival is required to be filed under section #afj of title #cc1 ,code of ,federal ,regulations1 as in effect on the date of enactment of the ,nuclear ,iran ,prevention ,act of #bjac1 and that-- 7#a7 is on a list of vessels published in ,federal ,register under subsection 7c77#b72 or 7#b7 more than #ahj days after the publication of such a list1 is registered1 pursuant to the ,geneva ,convention on the ,high ,seas 7#ac ,u4,s4,t4 #bcab2 ,,tias #ebjj2 #dej ,,unts #hb71 by a government the agents or instrumentalities of which are maintaining a registration of a vessel that is included in such list4 7c7 ,information and publication ,the ,secretary of ,transportation1 in consultation with the ,secretary of ,state1 shall-- 7#a7 maintain timely information on registrations of all foreign vessels over #cjj gross tons that are-- 7,a7 owned or operated by or on behalf of-- 7i7 the ,national ,iran ,tanker ,company or the ,islamic ,republic of ,iran ,shipping ,line2 or 7ii7 any successor to an entity referred to in clause 7i72 or 7,b7 otherwise owned or operated by or on behalf of ,iran2 and 7#b7 publish in the ,federal ,register a list of vessels described in paragraph 7#a71 including periodic updates of such list4 7d7 ,notification of governments ,the ,secretary of ,state shall notify each government the agents or instrumentalities of which are maintaining a registration of a foreign vessel that is included on the list published under subsection 7c77#b71 that all vessels registered under such government's authority are subject to the prohibition under subsection 7a7 if more than #ahj days after such publication the government continues to maintain a registration for a vessel that is included on the list published under subsection 7c77#b74 7e7 ,notification of vessels ,upon receiving a ,notice of ,arrival under section #afj of title #cc1 ,code of ,federal ,regulations 7as in effect on the date of enactment of the ,nuclear ,iran ,prevention ,act of #bjac7 from a vessel described in 7b71 the ,secretary shall notify the master of such vessel that the vessel may not enter or operate in the navigable waters of the ,united ,states or transfer cargo in any port or place under the jurisdiction of the ,united ,states1 unless-- 7#a7 the ,secretary has made a determination described in subsection 7a77#b72 or 7#b7 the ,secretary allows provisional entry of the vessel1 or transfer of cargo from the vessel1 under subsection 7f74 7f7 ,provisional entry or cargo transfer ,notwithstanding subsection 7e71 the ,secretary may allow provisional entry of1 or transfer of cargo from1 a foreign vessel described in subsection 7b71 if such entry or transfer is necessary for the safety of the vessel or persons aboard4 7g7 ,right of innocent passage ,this section shall not be construed as authority to restrict the right of innocent passage as recognized under international law4 7h7 ,foreign vessel defined ,in this section the term foreign vessel has the meaning given that term in section #aaj of title #df1 ,united ,states ,code4 4 7b7 ,deadline for publication ,the ,secretary shall publish a list under section #af7;c77#b7 of the ,ports and ,waterways ,safety ,act1 as amended by this section1 by not later than #ahj days after the date of the enactment of this ,act4 7c7 ,conforming ,amendments 7#a7 ,section #ac7;e7 of the ,ports and ,waterways ,safety ,act 7#cc ,u4,s4,c4 #abcb7;e77 is amended by striking section #i and inserting sections #i and #af4 7#b7 ,section #d7;b77#b7 of the ,ports and ,waterways ,safety ,act 7#cc ,u4,s4,c4 #abbc7;b77#b77 is amended by striking section #i and inserting section #i or #af4 ,,iii ,additional authorities to prevent censorship activities in ,iran #cja4 ,report on implementation of sanctions against the ,islamic ,republic of ,iran ,broadcasting 7a7 ,in general ,not later than #ij days after the date of the enactment of this ,act1 the ,secretary of ,state shall submit to ,congress a report on the following3 7#a7 ,the current status of availability of the ,islamic ,republic of ,iran ,broadcasting 7,,irib7 on international satellites1 entities that facilitate its operation by providing services or equipment1 and the technical means that it engages in jamming4 7#b7 ,the instances1 since ,january #a1 #bjab1 in which the ,,irib engaged in activities that violated ,article #ai of the ,international ,covenant on ,civil and ,political ,rights1 including broadcasting forced confessions and hate speech against minorities4 7#c7 ,the instances1 since ,january #a1 #bjab1 in which international broadcasting programs originating from the ,united ,states and ,europe have been subject to disruption in ,iran1 with relevant details such as which programs were disrupted1 available location information on the origin of the disruption1 and the extent of the disruption4 7b7 ,coordination ,in developing the report required by subsection 7a71 the ,secretary of ,state shall coordinate with the ,broadcasting ,board of ,governors1 the ,secretary of the ,treasury1 and the heads of other relevant ,federal departments and agencies4 7c7 ,public availability ,all unclassified portions of the report required by subsection 7a7 shall be made publicly available on the ,internet web site of the ,department of ,state4 #cjb4 ,list of persons who are high-risk re-exporters of sensitive technologies 7a7 ,in general ,not later than #ij days after the date of the enactment of this ,act1 and every #ij days thereafter1 the ,secretary of ,commerce1 in conjunction with the ,secretary of ,state and the ,secretary of the ,treasury1 shall make publicly available and update as appropriate a list of persons who are high-risk re-exporters of sensitive technologies in order to seek to ensure that the ,government of ,iran or an entity owned or controlled by that ,government is unable to obtain sensitive technologies through the re-export of such sensitive technologies by third-party intermediaries4 7b7 ,definition ,in this section1 the term sensitive technology has the meaning given that term in section #ajf of the ,comprehensive ,iran ,sanctions1 ,accountability1 and ,divestment ,act of #bjaj 7#bb ,u4,s4,c4 #heae74 #cjc4 ,sense of ,congress on provision of intercept technologies to ,iran ,it is the sense of ,congress that-- 7#a7 those that provide intercept technologies that limit freedom of speech or expression to the ,government of ,iran should be held accountable for the repression of the ,iranian people2 and 7#b7 no person should use an existing contract with the ,government of ,iran as a justification to continue to supply intercept technologies to the ,government of ,iran for purposes of restricting the free flow of information4 #cjd4 ,sense of ,congress on availability of consumer communication technologies in ,iran ,it is the sense of ,congress that-- 7#a7 the ,department of ,state should encourage the free flow of information in ,iran to counter the ,government of ,iran's repression of its own people2 and 7#b7 in order to facilitate the free flow of information in ,iran1 the ,department of ,state should promote the availability of certain consumer communication technologies to ,iranian civil society and the ,iranian people4 #cje4 ,expedited consideration of requests for authorization of transfer of goods and services to ,iran to facilitate the ability of ,iranian persons to freely communicate 7a7 ,in general ,section #dac of the ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab 7#bb ,u4,s4,c4 #hgec7 is amended-- 7#a7 by redesignating subsection 7e7 as subsection 7f72 and 7#b7 by inserting after subsection 7d7 the following new subsection3 7e7 ,rule of construction ,the expedited process for the consideration of complete requests for authorization to engage in the activities described in subsection 7a7 shall be construed to also apply to the transfer of goods and services to ,iran to facilitate the ability of ,iranian persons to freely communicate1 obtain information1 and access the ,internet and other communications systems4 4 7b7 ,effective date ,the amendments made by subsection 7a7 take effect on the date of the enactment of this ,act and apply with respect to requests described in section #dac of the ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab1 as so amended1 that are submitted to the ,office of ,foreign ,assets ,control on or after such date of enactment4 ,,iv ,reports and other matters #dja4 ,national ,strategy on ,iran 7a7 ,national strategy required ,the ,president shall develop a strategy1 to be known as the ,national ,strategy on ,iran1 that provides strategic guidance for activities that support the objective of addressing the threats posed by ,iran4 7b7 ,annual report ,not later than #ahj days after the date of the enactment of this ,act or ,january #cj1 #bjad1 whichever occurs first1 and every ,january #cj thereafter1 the ,president shall submit to the appropriate congressional committees the ,national ,strategy on ,iran required under subsection 7a74 7c7 ,matters ,to be included ,the report required under subsection 7b7 shall include1 at a minimum1 the following3 7#a7 ,a description of ,iran's grand strategy and security strategy1 including strategic objectives1 and the security posture and objectives of ,iran4 7#b7 ,a description of the ,united ,states strategy to-- 7,a7 address and counter the capabilities of ,iran's conventional forces and ,iran's unconventional forces2 7,b7 disrupt and deny ,iranian efforts to develop or augment capabilities related to nuclear1 unconventional1 and missile forces development2 7,c7 address the ,government of ,iran's economic strategy to enable the objectives described in this subsection2 7,d7 exploit key vulnerabilities2 and 7,e7 combat ,iranian efforts to suppress ,internet freedom1 including actions of the ,united ,states to-- 7i7 work to promote expanded ,internet access for democracy activists in ,iran2 7ii7 add a public diplomacy page to the ,united ,states' virtual embassy in ,iran2 and 7iii7 leverage multilateral organizations committed to ,internet connectivity in ,iran4 7#c7 ,an implementation plan for the ,united ,states strategy described in paragraph 7#b74 7d7 ,form ,the report required under subsection 7b7 shall be submitted in unclassified form to the greatest extent possible1 but may include a classified annex1 if necessary4 7e7 ,appropriate congressional committees ,in this section1 the term appropriate congressional committees means-- 7#a7 the ,committee on ,foreign ,affairs1 the ,committee on ,armed ,services1 the ,committee on ,financial ,services1 the ,committee on ,ways and ,means1 and the ,permanent ,select ,committee on ,intelligence of the ,house of ,representatives2 and 7#b7 the ,committee on ,foreign ,relations1 the ,committee on ,armed ,services1 the ,committee on ,banking1 ,housing1 and ,urban ,affairs1 the ,committee on ,finance1 and the ,permanent ,select ,committee on ,intelligence of the ,senate4 #djb4 ,report on ,iranian nuclear and economic capabilities 7a7 ,in general ,not later than #fj days after the date of the enactment of this ,act1 the ,president shall submit to the appropriate congressional committees a report on the following3 7#a7 ,an estimate of the timeline for ,iranian capabilities to develop nuclear weapons1 including-- 7,a7 an estimate of the period of time it would take ,iran to produce enough weapons-grade uranium for a single implosion-type nuclear weapon1 taking into account all known relevant technical data2 7,b7 an estimate of the period of time it would take ,iran to produce sufficient separated plutonium for a single nuclear weapon2 7,c7 a description of the assumptions underlying the estimates referred to in subparagraphs 7,a7 and 7,b71 and any information about developments that might alter or otherwise affect those assumptions2 7,d7 an estimate of the date by which the periods of time referred to in subparagraphs 7,a7 and 7,b7 will be less than #de days2 and 7,e7 a description of any efforts by the ,united ,states to increase the frequency of inspections by the ,international ,atomic ,energy ,agency of nuclear facilities in ,iran4 7#b7 ,an assessment of ,iranian strategy and capabilities relating to development of nuclear weapons1 including-- 7,a7 a summary and analysis of current nuclear weapons capabilities2 7,b7 an estimate of the amount and sources of funding expended by1 and an analysis of procurement networks utilized by1 ,iran to develop its nuclear weapons capabilities2 7,c7 a summary of the capabilities of ,iran's unconventional weapons and ,iran's ballistic missile forces and ,iran's cruise missile forces2 7,d7 a detailed analysis of the effectiveness of ,iran's unconventional weapons and ,iran's ballistic missile forces and ,iran's cruise missile forces as delivery systems for a nuclear device2 7,e7 a description of all efforts of ,iran to design and develop a nuclear weapon1 including efforts to design or fit warheads1 and any other possible military dimensions of the nuclear program of ,iran2 and 7,f7 an analysis of the procurement network1 including the amount and sources of funding expended by ,iran on programs to develop a nuclear weapons capability4 7#c7 ,projected economic effects of international sanctions on ,iran1 including-- 7,a7 an estimate of the capital accounts1 current accounts1 and amounts of foreign exchange reserves 7including access to foreign exchange reserves7 of the ,government of ,iran1 and other leading indicators of the status of the economy of ,iran2 7,b7 an estimate of timelines with respect to macroeconomic viability of ,iran1 including the time by which the ,government of ,iran will exhaust its foreign exchange reserves2 7,c7 an estimate of the date by which the reserves of the ,central ,bank of ,iran will be insufficient for the ,government of ,iran to avoid a severe balance of payments crisis that prevents it from maintaining a functioning economy1 including-- 7i7 the inflation rate1 exchange rates1 unemployment rate1 and budget deficits in ,iran2 and 7ii7 other leading macroeconomic indicators used by the ,international ,monetary ,fund1 professional rating agencies1 and other credible sources to assess the economic health of a country2 7,d7 a description of the assumptions underlying the estimate referred to in paragraph 7#c7 and an indication of how changes in each of those assumptions could affect the estimate2 7,e7 an assessment of the effect of sanctions imposed with respect to ,iran on moving forward the date referred to in subparagraph 7,c72 and 7,f7 a description of actions taken by the ,government of ,iran to delay the date referred to in subparagraph 7,c74 7b7 ,update ,the ,president shall submit to the appropriate congressional committees an update of the report required by subsection 7a7 every #fj days after the date of submission of the report that includes any pertinent developments to ,iranian nuclear or economic capabilities4 7c7 ,form ,the report required under subsection 7a7 and the update required under subsection 7b7 shall be submitted in unclassified form to the greatest extent possible1 but may include a classified annex1 if necessary4 7d7 ,definitions ,in this section3 7#a7 ,appropriate congressional committees ,the term appropriate congressional committees means-- 7,a7 the ,committee on ,foreign ,affairs1 the ,committee on ,armed ,services1 the ,committee on ,financial ,services1 the ,committee on ,ways and ,means1 and the ,permanent ,select ,committee on ,intelligence of the ,house of ,representatives2 and 7,b7 the ,committee on ,foreign ,relations1 the ,committee on ,armed ,services1 the ,committee on ,banking1 ,housing1 and ,urban ,affairs1 the ,committee on ,finance1 and the ,select ,committee on ,intelligence of the ,senate4 7#b7 ,nuclear explosive device ,the term nuclear explosive device means any device1 whether assembled or disassembled1 that is designed to produce an instantaneous release of an amount of nuclear energy from special nuclear material that is greater than the amount of energy that would be released from the detonation of one pound of trinitrotoluene 7,,tnt74 #djc4 ,report on plausibility of expanding sanctions on ,iranian oil 7a7 ,in general ,not later than #ahj days after the date of the enactment of this ,act1 the ,president shall submit to the appropriate congressional committees a report assessing the following3 7#a7 ,whether petroleum and petroleum products originating in and exported from ,iran are refined and sold outside of ,iran4 7#b7 ,whether products that contain ,iranian-origin petroleum or petroleum products as part of their contents are imported into the ,united ,states and1 if any such products are imported into the ,united ,states1 whether such importation violates the ban on importation into the ,united ,states of ,iranian-origin petroleum or petroleum products4 7#c7 ,whether it is feasible to ban the importation into the ,united ,states of products described in paragraph 7#b71 regardless of whether the ban on importation into the ,united ,states of ,iranian-origin petroleum or petroleum products applies to such products4 7b7 ,basis of report ,the report required under subsection 7a7 may be based on publicly-available information and classified information4 ,the information that is not classified information shall be made publically available4 7c7 ,appropriate congressional committees ,in this section1 the term appropriate congressional committees means-- 7#a7 the ,committee on ,foreign ,affairs1 the ,committee on ,financial ,services1 and the ,committee on ,ways and ,means of the ,house of ,representatives2 and 7#b7 the ,committee on ,foreign ,relations1 the ,committee on ,banking1 ,housing1 and ,urban ,affairs1 and the ,committee on ,finance of the ,senate4 #djd4 ,,gao report on ,iranian strategy to evade current sanctions and other matters ,not later than #ij days after the date of the enactment of this ,act1 the ,comptroller ,general of the ,united ,states shall submit to ,congress a report that-- 7#a7 evaluates the strategy of the ,government of ,iran to evade current economic and financial sanctions2 and 7#b7 specifically evaluates the ability of ,iran to successfully diversify its economy beyond its energy sector1 thereby lessening the impact and effectiveness of economic and financial sanctions4 #dje4 ,authority to consolidate reports required under ,iran sanctions laws 7a7 ,in general ,any or all reports required to be submitted to ,congress under the provisions of law described in subsection 7c7 that are subject to a deadline for submission consisting of the same unit of time may be consolidated into a single report that is submitted to ,congress pursuant to such deadline4 7b7 ,exception ,subsection 7a7 shall not apply with respect to the initial report of any report described in subsection 7a74 7c7 ,provisions of law described ,the provisions of law referred to in this section are the following3 7#a7 ,this ,act and the amendments made by this ,act4 7#b7 ,the ,iran ,freedom and ,counter-,proliferation ,act of #bjab 7#bb ,u4,s4,c4 #hhja et seq474 7#c7 ,the ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab 7#bb ,u4,s4,c4 #hgja et seq474 7#d7 ,the ,comprehensive ,iran ,sanctions1 ,accountability1 and ,divestment ,act of #bjaj 7#bb ,u4,s4,c4 #heja et seq474 7d7 ,effective date ,this section takes effect on the date of the enactment of this ,act and applies with respect to reports required to be submitted to ,congress under the provisions of law described in subsection 7c7 on or after such date of enactment4 #djf4 ,amendments to definitions under ,iran ,sanctions ,act of #aiif and ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab 7a7 ,iran ,sanctions ,act of #aiif ,section #ad7d77;,b7 of the ,iran ,sanctions ,act of #aiif 7,public ,law #ajd-agb2 #ej ,u4,s4,c4 #agja note7 is amended by striking may include1 in the discretion of the ,president and inserting includes4 7b7 ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab ,section #baa of the ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab 7#bb ,u4,s4,c4 #hgba7 is amended by adding at the end the following new subsection3 7f7 ,definition ,in this section1 the term appropriate congressional committees includes the ,committee on ,transportation and ,infrastructure of the ,house of ,representatives and the ,committee on ,commerce1 ,science1 and ,transportation of the ,senate4 4 #djg4 ,rule of construction ,nothing in this ,act or any amendment made by this ,act shall be construed to apply with respect to-- 7#a7 any activity relating to a project described in subsection 7a7 of section #fjc of the ,iran ,threat ,reduction and ,syria ,human ,rights ,act of #bjab 7#bb ,u4,s4,c4 #hghc7 to which the exception under that section applies at the time of the activity2 or 7#b7 any authorized intelligence activity of the ,united ,states4 #djh4 ,implementation2 penalties 7a7 ,implementation ,the ,president may exercise all authorities provided under sections #bjc and #bje of the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agjb and #agjd7 to carry out this ,act and the amendments made by this ,act4 7b7 ,penalties ,the penalties provided for in subsections 7b7 and 7c7 of section #bjf of the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agje7 shall apply to a person that violates1 attempts to violate1 conspires to violate1 or causes a violation of this ,act or any amendment made by this ,act or regulations prescribed under this ,act to the same extent that such penalties apply to a person that commits an unlawful act described in section #bjf7;a7 of the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agje7;a774 #dji4 ,severability 7a7 ,in general ,if any provision of this ,act1 or the application of such provision to any person or circumstance1 is found to be unconstitutional1 the remainder of this ,act1 or the application of that provision to other persons or circumstances1 shall not be affected4 7b7 ,effective date under section #bad ,if subsection 7d7 of section #bad is found to be unconstitutional in accordance with subsection 7a71 the amendments made by such section #bad take effect on the date of the enactment of this ,act and apply with respect to transactions entered into on or after such date of enactment4 ,passed the ,house of ,representatives ,july #ca1 #bjac4;,clerk4