,,ii  #aacth ,,congress  #ast ,session  
,s4 #ajja  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #ba1 #bjac
 ,mr4 ,cornyn 7for himself1 ,mr4 ,kirk1 
,mr4 ,cruz1 ,mr4 ,blunt1 ,mr4 ,roberts1 
,mr4 ,chambliss1 ,mr4 ,risch1 ,mr4      
,coats1 ,mr4 ,graham1 ,mr4 ,wicker1     
,mrs4 ,fischer1 ,mr4 ,boozman1 ,mr4     
,crapo1 ,mr4 ,isakson1 ,mr4 ,hoeven1    
,mr4 ,rubio1 and ,mr4 ,vitter7          
introduced the following bill2 which was
 read twice and referred to the         
,committee on ,banking1 ,housing1 and   
,urban ,affairs  ,a ,,bill  ,to impose  
sanctions with respect to the           
,government of ,iran4  #a4 ,short title 
,this ,act may be cited as the ,iran    
,export ,embargo ,act4  #b4 ,imposition 
of sanctions with respect to the        
,government of ,iran ,the ,iran ,freedom
 and ,counter-,proliferation ,act of    
#bjab 7#bb ,u4,s4,c4 #hhja et seq47 is  
amended by inserting after section #abde
 the following3  #abde;,a4 ,imposition  
of sanctions with respect to the        

,government of ,iran  7a7 ,findings     
,congress makes the following findings3 
7#a7 ,the ,government of ,iran stands in
 violation of the ,united ,nations      
,universal ,declaration of ,human       
,rights1 adopted at ,paris ,december    
#aj1 #aidh1 by denying its citizens     
basic freedoms1 including the freedoms  
of expression1 religion1 and peaceful   
assembly and movement1 and for          
flagrantly abusing the rights of        
minorities and women4  7#b7 ,the        
,government of ,iran remains the leading
 state sponsor of terrorism in the      
world4 ,that ,government's sponsorship  
of terrorism includes recent involvement
 in a terrorist attack in ,bulgaria1 a  
plot to blow up a cafe in ,washington1  
,,dc1 a plot to assassinate ,united     
,states officials in the ,republic of   
,azerbaijan1 and attempted terrorist    
attacks in ,canada and the ,republic of 
,georgia4  7#c7 ,the ,government of     
,iran stands in violation of ,united    
,nations ,security ,council ,resolutions

 #agcg 7#bjjf71 #agdg 7#bjjg71 #ahjc    
7#bjjh71 and #aibi 7#bjaj7 by refusing  
to suspend proliferation-sensitive      
nuclear activities1 including all       
enrichment-related and reprocessing     
activities and work on all heavy        
water-related projects4  7#d7 ,the      
,government of ,iran continues to       
develop ballistic missiles capable of   
threatening the interests and allies of 
the ,united ,states4  7#e7 ,the         
,government of ,iran stands in violation
 of ,united ,nations ,security ,council 
,resolution #agja 7#bjjf7 by its        
continued transfer of arms to terrorist 
groups in southern ,lebanon4  7#f7 ,the 
,government of ,iran continues to       
provide arms to terrorist groups in the 
,gaza ,strip4  7#g7 ,the ,government of 
,iran continues to support the          
,government of ,syria in carrying out   
human rights abuses and crimes against  
humanity against the people of ,syria4  
7b7 ,blocking of property ,on and after 
the date that is #fj days after the date

 of the enactment of this ,act1 the     
,president shall block and prohibit all 
transactions in all property and        
interests in property of a person       
described in subsection 7f7 if such     
property and interests in property are  
in the ,united ,states1 come within the 
,united ,states1 or are or come within  
the possession or control of a ,united  
,states person4  7c7 ,facilitation of   
certain transactions ,the ,president    
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 the          
,president determines has knowingly1 on 
or after the date that is #fj days after
 the date of the enactment of this ,act1
 conducted or facilitated a significant 
transaction with respect to the         
importation1 sale1 or transfer of goods 
or services from ,iran on behalf of a   
person described in subsection 7f74  7d7

 ,importation1 sale1 or transfer of     
goods and services from ,iran ,the      
,president shall impose sanctions       
pursuant to the ,international          
,emergency ,economic ,powers ,act 7#ej  
,u4,s4,c4 #agja et seq47 with respect to
 a person if the ,president determines  
that the person knowingly1 on or after  
the date that is #fj days after the date
 of the enactment of this ,act1 imports1
 purchases1 or transfers goods or       
services from a person described in     
subsection 7f74  7e7 ,insurance and     
reinsurance  7#a7 ,in general ,the      
,president shall impose sanctions       
pursuant to the ,international          
,emergency ,economic ,powers ,act 7#ej  
,u4,s4,c4 #agja et seq47 with respect to
 a person if the ,president determines  
that the person knowingly1 on or after  
the date that is #fj days after the date
 of the enactment of this ,act1 provides
 underwriting services or insurance or  
reinsurance to a person described in    
subsection 7f74  7#b7 ,exception for    

underwriters and insurance providers    
exercising due diligence ,the ,president
 may not impose sanctions under         
paragraph 7#a7 with respect to a person 
that provides underwriting services or  
insurance or reinsurance if the         
,president determines that the person   
has exercised due diligence in          
establishing and enforcing official     
policies1 procedures1 and controls to   
ensure that the person does not         
underwrite or enter into a contract to  
provide insurance or reinsurance for a  
person described in subsection 7f74  7f7
 ,persons described ,a person described 
in this subsection is any of the        
following3  7#a7 ,the state and the     
,government of ,iran1 or any political  
subdivision1 agency1 or instrumentality 
of that ,government1 including the      
,central ,bank of ,iran4  7#b7 ,any     
person owned or controlled1 directly or 
indirectly1 by that ,government4  7#c7  
,any person acting or purporting to act1
 directly or indirectly1 for or on      

behalf of that ,government4  7#d7 ,any  
other person determined by the          
,president to be described in paragraph 
7#a71 7#b71 or 7#c74  7g7 ,rule of      
construction ,a person described in     
subsection 7f7 is subject to sanctions  
under this section without regard to    
whether the name of the person is       
published in the ,federal ,register or  
incorporated into the list of specially 
designated nationals and blocked persons
 maintained by the ,office of ,foreign  
,assets ,control of the ,department of  
the ,treasury4  7h7 ,applicability to   
exports of crude oil from ,iran         
,subsections 7c7 and 7d7 shall apply    
with respect to the exportation1        
importation1 sale1 or transfer of crude 
oil from ,iran on and after the date    
that is #ahj days after the date of the 
enactment of this ,act4  4