,,ii  #aacth ,,congress  #b;d ,session  
,s4 #bfgb  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #bh1     
#bjad ,mr4 ,cruz introduced the         
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to terminate the authority to  
waive certain provisions of law         
requiring the imposition of sanctions   
with respect to ,iran1 to codify certain
 sanctions imposed by executive order1  
and for other purposes4  #a4 ,short     
title  ,this ,act may be cited as the   
,sanction ,iran1 ,safeguard ,america    
,act of #bjad or the ,,sisa ,act4  #b4  
,findings ,congress makes the following 
findings3 7#a7 ,a nuclear-capable ,iran 
poses a direct and existential threat to
 the ,united ,states1 ,israel1 and      
allies around the world4  7#b7 ,iran is 
a leading state sponsor of terrorism1   
arming and funding terrorist groups     
around the world1 including by providing
 material support for the terrorist     

organization ,hamas in its relentless   
attacks on ,israel4  7#c7 ,the          
,government of ,iran has violated       
,united ,nations ,security ,council     
,resolutions #afif 7#bjjf71 #agcg       
7#bjjf71 #agdg 7#bjjg71 #ahjc 7#bjjh71  
#ahce 7#bjjh71 and #aibi 7#bjaj71       
relating to ,iran's nuclear program4    
7#d7 ,the ,government of ,iran has      
received significant economic benefits  
from the relaxation of economic         
sanctions pursuant the ,joint ,plan of  
,action1 signed ,november #bd1 #bjac1 by
 ,iran and by ,france1 ,germany1 the    
,russian ,federation1 the ,people's     
,republic of ,china1 the ,united        
,kingdom1 and the ,united ,states 7in   
this section referred to as the ,joint  
,plan of ,action71 including increased  
economic growth1 reduced inflation1 and 
a strengthened currency1 while making no
 substantive reductions in its nuclear  
program4  7#e7 ,any deal relating to    
,iran's nuclear weapons program that    
does not completely dismantle the entire

 nuclear weapons program would repeat   
the same mistakes observed with         
negotiations with ,north ,korea1 a      
totalitarian country that exported its  
nuclear technology to ,syria and has    
shared similar nuclear and ballistic    
missile technology with ,iran4  7#f7    
,the ,agreed ,framework between the     
,united ,states and the ,democratic     
,people's ,republic of ,korea1 signed in
 ,geneva on ,october #ba1 #aiid1 which  
called for ,north ,korea to freeze and  
dismantle its nuclear weapons program in
 exchange for eased sanctions and       
normalized relations with the ,united   
,states1 should serve as a reminder of  
previous failed negotiations resulting  
in billions of dollars made available   
for the development of nuclear weapons4 
7#g7 ,economic sanctions imposed with   
respect to ,iran are designed for the   
purpose of ending ,iran's pursuit of a  
nuclear weapons capability1 not of      
initiating negotiations4 ,therefore1 any
 easing of sanctions in pursuit of      

negotiations undermines the purpose of  
the sanctions1 as is demonstrated by the
 case of ,north ,korea4  #c4            
,modification and elimination of waiver 
authorities for certain sanctions with  
respect to ,iran  7a7 ,modification of  
waiver of sanctions relating to the     
transportation of crude oil from ,iran  
7#a7 ,in general ,section               
#i7;c77#a77;,a7 of the ,iran ,sanctions 
,act of #aiif 7,public ,law #ajd-agb2   
#ej ,u4,s4,c4 #agja note7 is amended by 
inserting 7other than the requirement in
 paragraph 7#g7 of such section7 after  
section #e7;a74  7#b7 ,termination of   
waivers ,any waiver of the requirement  
in section #e7;a77#g7 of the ,iran      
,sanctions ,act of #aiif 7,public ,law  
#ajd-agb2 #ej ,u4,s4,c4 #agja note7     
exercised by the ,president under       
section #i7;c77#a77;,a7 of such ,act    
shall cease to be in effect on and after
 the date of the enactment of this ,act4
  7b7 ,elimination of waiver with       
respect to mandatory sanctions with     

respect to financial institutions that  
engage in certain transactions  7#a7 ,in
 general ,section #ajd of the           
,comprehensive ,iran ,sanctions1        
,accountability1 and ,divestment ,act of
 #bjaj 7#bb ,u4,s4,c4 #heac7 is         
amended-- 7,a7 by striking subsection   
7f72 and  7,b7 by redesignating         
subsections 7g7 through 7i7 as          
subsections 7f7 through 7h71            
respectively4  7#b7 ,termination of     
waivers ,any waiver of the imposition of
 sanctions exercised by the ,president  
under section #ajd7;f7 of the           
,comprehensive ,iran ,sanctions1        
,accountability1 and ,divestment ,act of
 #bjaj 7#bb ,u4,s4,c4 #heac7;f771 as in 
effect on the day before the date of the
 enactment of this ,act1 shall cease to 
be in effect on and after such date of  
enactment4  7#c7 ,conforming amendments 
7,a7 ,sanctions with respect to         
financial sector of ,iran ,section      
#abde7;h7 of the ,national ,defense     
,authorization ,act for ,fiscal ,year   

#bjab 7#bb ,u4,s4,c4 #heac;a7h77 is     
amended by striking section #ajd7;i7 of 
the ,comprehensive ,iran ,sanctions1    
,accountability1 and ,divestment ,act of
 #bjaj 7#bb ,u4,s4,c4 #heac7;i77 and    
inserting section #ajd of the           
,comprehensive ,iran ,sanctions1        
,accountability1 and ,divestment ,act of
 #bjaj 7#bb ,u4,s4,c4 #heac74  7,b7     
,expansion of mandatory sanctions with  
respect to certain financial            
institutions ,section #ajd;,a7d77#b7 of 
the ,comprehensive ,iran ,sanctions1    
,accountability1 and ,divestment ,act of
 #bjaj 7#bb ,u4,s4,c4 #heac;b7d77#b77 is
 amended by striking section #ajd7;i7   
and inserting section #ajd4  7,c7       
,definitions for ,iran ,freedom and     
,counter-,proliferation ,act of #bjab   
,section #abdb7;a77#e7 of the ,iran     
,freedom and ,counter-,proliferation    
,act of #bjab 7#bb ,u4,s4,c4            
#hhja7;a77#e77 is amended by striking   
section #ajd7;i7 of the ,comprehensive  
,iran ,sanctions1 ,accountability1 and  

,divestment ,act of #bjaj 7#bb ,u4,s4,c4
 #heac7;i77 and inserting section #ajd  
of the ,comprehensive ,iran ,sanctions1 
,accountability1 and ,divestment ,act of
 #bjaj 7#bb ,u4,s4,c4 #heac74  7c7      
,elimination of waiver of sanctions with
 respect to the financial sector of     
,iran  7#a7 ,in general ,section        
#abde7;d7 of the ,national ,defense     
,authorization ,act for ,fiscal ,year   
#bjab 7#bb ,u4,s4,c4 #heac;a7d77 is     
amended by striking paragraph 7#e74     
7#b7 ,termination of waivers ,any waiver
 exercised by the ,president under      
section #abde7;d77#e7 of the ,national  
,defense ,authorization ,act for ,fiscal
 ,year #bjab 7#bb ,u4,s4,c4             
#heac;a7d77#e771 as in effect on the day
 before the date of the enactment of    
this ,act1 shall cease to be in effect  
on and after such date of enactment4    
7d7 ,elimination of waiver of sanctions 
with respect to persons that support or 
conduct certain transactions with       
,iran's ,revolutionary ,guard ,corps or 

other sanctioned persons  7#a7 ,in      
general ,section #cjb of the ,iran      
,threat ,reduction and ,syria ,human    
,rights ,act of #bjab 7#bb ,u4,s4,c4    
#hgdb7 is amended by-- 7,a7 striking    
subsections 7d7 and 7e72 and  7,b7      
redesignating subsection 7f7 as         
subsection 7d74  7#b7 ,termination of   
waivers ,any waiver exercised by the    
,president under subsection 7d7 or 7e7  
of section #cjb of the ,iran ,threat    
,reduction and ,syria ,human ,rights    
,act of #bjab 7#bb ,u4,s4,c4 #hgdb7;d771
 as in effect on the day before the date
 of the enactment of this ,act1 shall   
cease to be in effect on and after such 
date of enactment4  7e7 ,elimination of 
waiver of sanctions with respect to the 
energy1 shipping1 and shipbuilding      
sectors of ,iran  7#a7 ,in general      
,section #abdd of the ,iran ,freedom and
 ,counter-,proliferation ,act of #bjab  
7#bb ,u4,s4,c4 #hhjc7 is amended by     
striking subsection 7i74  7#b7          
,termination of waivers ,any waiver of  

the imposition of sanctions under       
section #abdd7;i7 of the ,iran ,freedom 
and ,counter-,proliferation ,act of     
#bjab 7#bb ,u4,s4,c4 #hhjc7;i771 as in  
effect on the day before the date of the
 enactment of this ,act1 shall cease to 
be in effect on and after such date of  
enactment4  7f7 ,elimination of waiver  
of sanctions with respect to the sale1  
supply1 or transfer of certain materials
 to or from ,iran  7#a7 ,in general     
,section #abde of the ,iran ,freedom and
 ,counter-,proliferation ,act of #bjab  
7#bb ,u4,s4,c4 #hhjd7 is amended-- 7,a7 
by striking subsection 7g72 and  7,b7 by
 redesignating subsection 7h7 as        
subsection 7g74  7#b7 ,termination of   
waivers ,any waiver of the imposition of
 sanctions under section #abde7;g7 of   
the ,iran ,freedom and                  
,counter-,proliferation ,act of #bjab   
7#bb ,u4,s4,c4 #hhjd7;g771 as in effect 
on the day before the date of the       
enactment of this ,act1 shall cease to  
be in effect on and after such date of  

enactment4  7g7 ,elimination of waiver  
of sanctions with respect to the        
provision of underwriting services or   
insurance or reinsurance for activities 
or persons with respect to which        
sanctions have been imposed  7#a7 ,in   
general ,section #abdf of the ,iran     
,freedom and ,counter-,proliferation    
,act of #bjab 7#bb ,u4,s4,c4 #hhje7 is  
amended by striking subsection 7e74     
7#b7 ,termination of waivers ,any waiver
 of the imposition of sanctions under   
section #abdf7;e7 of the ,iran ,freedom 
and ,counter-,proliferation ,act of     
#bjab 7#bb ,u4,s4,c4 #hhje7;e771 as in  
effect on the day before the date of the
 enactment of this ,act1 shall cease to 
be in effect on and after such date of  
enactment4  7h7 ,elimination of waiver  
of sanctions with respect to foreign    
financial institutions that facilitate  
financial transactions on behalf of     
specially designated nationals  7#a7 ,in
 general ,section #abdg of the ,iran    
,freedom and ,counter-,proliferation    

,act of #bjab 7#bb ,u4,s4,c4 #hhjf7 is  
amended by striking subsection 7f74     
7#b7 ,termination of waivers ,any waiver
 of the imposition of sanctions under   
subsection section #abdg7;f7 of the     
,iran ,freedom and                      
,counter-,proliferation ,act of #bjab   
7#bb ,u4,s4,c4 #hhjf7;f771 as in effect 
on the day before the date of the       
enactment of this ,act1 shall cease to  
be in effect on and after such date of  
enactment4  7i7 ,technical amendment    
,section #abec7;c7 of the ,iran ,freedom
 and ,counter-,proliferation ,act of    
#bjab 7#bb ,u4,s4,c4 #hhji7;c77 is      
amended1 in the matter preceding        
paragraph 7#a71 by striking 1 and1 as   
appropriate1 instead of sections        
#abdd7;i71 #abde7;g71 and #abdf7;e7 of  
this ,act4  #d4 ,sanctions with respect 
to purchase1 acquisition1 sale1         
transport1 or marketing of petroleum1   
petroleum products1 or petrochemical    
products from ,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-- 7#a7 by     
redesignating sections #bbb1 #bbc1 and  
#bbd as sections #bbe1 #bbf1 and #bbg1  
respectively2 and  7#b7 by inserting    
after section #bba the following3  #bbb4
 ,imposition of sanctions with respect  
to purchase1 acquisition1 sale1         
transport1 or marketing of petroleum1   
petroleum products1 and petrochemical   
products from ,iran  7a7 ,limitations on
 correspondent and payable-,through     
accounts ,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 knowingly    
conducted or facilitated any significant
 financial transaction1 on or after     
,july #ca1 #bjab-- 7#a7 for the         
purchase1 acquisition1 sale1 transport1 
or marketing of petroleum or petroleum  

products from ,iran2 or  7#b7 for the   
purchase1 acquisition1 sale1 transport1 
or marketing of petrochemical products  
from ,iran4  7b7 ,application of        
sanctions from ,iran ,sanctions ,act of 
#aiif ,the ,president shall impose on a 
person one 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 upon
 determining that the person knowingly1 
on or after ,july #ca1 #bjab1 engaged in
 a significant transaction for the      
purchase1 acquisition1 sale1 transport1 
or marketing of-- 7#a7 petroleum or     
petroleum products from ,iran2 or  7#b7 
petrochemical products from ,iran4  7c7 
,applicability ,subsections 7a77#a7 and 
7b77#a7 shall apply with respect to a   
person only if-- 7#a7 the ,president    
determines under subparagraphs 7,b7 and 
7,c7 of paragraph 7#d7 of section       
#abde7;d7 of the ,national ,defense     
,authorization ,act for ,fiscal ,year   
#bjab 7#bb ,u4,s4,c4 #heac;a7d77 that   

there is a sufficient supply of         
petroleum and petroleum products from   
countries other than ,iran to permit a  
significant reduction in the volume of  
petroleum and petroleum products        
purchased from ,iran by or through      
foreign financial institutions2 and     
7#b7 an exception under subparagraph    
7,d7 of that paragraph from the         
imposition of sanctions under paragraph 
7#a7 of that section does not apply with
 respect to the country with primary    
jurisdiction over the person4  7d7      
,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 ,financial institution ,the
 term financial institution means a     
financial institution specified in      
subparagraph 7,a71 7,b71 7,c71 7,d71    
7,e71 7,f71 7,g71 7,h71 7,i71 7,j71     

7,m71 or 7,y7 of section #ecab7;a77#b7  
of title #ca1 ,united ,states ,code4    
7#c7 ,foreign financial institution ,the
 term foreign financial institution has 
the meaning of that term as determined  
by the ,secretary of the ,treasury      
pursuant to section #ajd of the         
,comprehensive ,iran ,sanctions1        
,accountability1 and ,divestment ,act of
 #bjaj 7#bb ,u4,s4,c4 #heac74  7#d7     
,petroleum ,the term petroleum means a  
mixture of hydrocarbons that exists in  
liquid phase in natural underground     
reservoirs and remains liquid at        
atmospheric pressure after passing      
through surface separating facilities4  
7#e7 ,petroleum products  7,a7 ,in      
general ,the term petroleum products    
includes unfinished oils1 liquefied     
petroleum gases1 pentanes plus1 aviation
 gasoline1 motor gasoline1 naphtha-type 
jet fuel1 kerosene-type jet fuel1       
kerosene1 distillate fuel oil1 residual 
fuel oil1 petrochemical feedstocks1     
special naphthas1 lubricants1 waxes1    

petroleum coke1 asphalt1 road oil1 still
 gas1 and miscellaneous products        
obtained from the processing of crude   
oil 7including lease condensate71       
natural gas1 and other hydrocarbon      
compounds4  7,b7 ,exception ,the term   
petroleum products does not include     
natural gas1 liquefied natural gas1     
biofuels1 methanol1 and other           
non-petroleum fuels4  7#f7              
,petrochemical products ,the term       
petrochemical products includes any     
aromatic1 olefin1 and synthesis gas1 and
 any of derivatives of such a gas1      
including ethylene1 propylene1          
butadiene1 benzene1 toluene1 xylene1    
ammonia1 methanol1 and urea4  #bbc4     
,imposition of sanctions with respect to
 support for the ,national ,iranian ,oil
 ,company1 the ,naftiran ,intertrade    
,company1 or the ,central ,bank of ,iran
 ,the ,president shall block and        
prohibit all transactions in property   
and interests in property of a person   
the ,president determines has1 on or    

after ,july #ca1 #bjab1 materially      
assisted1 sponsored1 or provided        
financial1 material1 or technological   
support for1 or goods or services in    
support of1 the ,national ,iranian ,oil 
,company1 the ,naftiran ,intertrade     
,company1 or the ,central ,bank of ,iran
 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  #bbd4    
,imposition of sanctions with respect to
 support for the purchase of ,united    
,states bank notes or precious metals by
 the ,government of ,iran ,the          
,president shall block and prohibit all 
transactions in property and interests  
in property of a person the ,president  
determines has1 on or after ,july #ca1  
#bjab1 materially assisted1 sponsored1  
or provided financial1 material1 or     
technological support for1 or goods or  
services in support of1 the purchase or 
acquisition of ,united ,states bank     

notes or precious metals by the         
,government of ,iran1 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  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 items relating to       
sections #bbb1 #bbc1 and #bbd and       
inserting the following3  ,sec4 #bbb4   
,imposition of sanctions with respect to
 purchase1 acquisition1 sale1 transport1
 or marketing of petroleum1 petroleum   
products1 and petrochemical products    
from ,iran4 ,sec4 #bbc4 ,imposition of  
sanctions with respect to support for   
the ,national ,iranian ,oil ,company1   
the ,naftiran ,intertrade ,company1 or  
the ,central ,bank of ,iran4 ,sec4 #bbd4
 ,imposition of sanctions with respect  
to support for the purchase of ,united  
,states bank notes or precious metals by

 the ,government of ,iran4,sec4 #bbe4   
,sense of ,congress and rule of         
construction relating to certain        
authorities of ,state and local         
governments4,sec4 #bbf4 ,government     
,accountability ,office report on       
foreign entities that invest in the     
energy sector of ,iran or export refined
 petroleum products to ,iran4,sec4 #bbg4
 ,reporting on the importation to and   
exportation from ,iran of crude oil and 
refined petroleum products4  4  #e4     
,imposition of sanctions with respect to
 transactions with specially designated 
nationals and with respect to the       
automotive sector of ,iran  7a7 ,in     
general ,the ,iran ,freedom and         
,counter-,proliferation ,act of #bjab   
7#bb ,u4,s4,c4 #abda et seq47 is amended
 by inserting after section #abdg the   
following3  #abdg;,a4 ,imposition of    
sanctions with respect to certain       
transactions with specially designated  
nationals  7a7 ,blocking of property    
,the ,president shall block and prohibit

 all transactions in property and       
interests in property of a person the   
,president determines has1 on or after  
,june #a1 #bjac1 materially assisted1   
sponsored1 or provided financial1       
material1 or technological support for1 
or goods or services in support of1 any 
person specified in subsection 7b7 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  7b7 ,persons   
specified ,a person specified in this   
subsection is any person as follows3    
7#a7 ,any ,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       
depository institution whose property   
and interests in property are blocked   
solely pursuant to ,executive ,order    
#aceii 7#gh ,fed4 ,reg4 #cc1iea774  7#b7

 ,any person included on such list whose
 property and interests in property are 
blocked pursuant to subsection 7a7 or   
,executive ,order #aceii 7other than an 
,iranian depository institution whose   
property and interests in property are  
blocked solely pursuant to ,executive   
,order #aceii74  #abdg;,b4 ,imposition  
of sanctions with respect to the        
automotive sector of ,iran  7a7 ,in     
general ,the ,president shall impose    
sanctions described in one or more of   
paragraphs 7#a71 7#b71 7#d71 7#e71      
7#aj71 and 7#aa7 of section #f7;a7 of   
the ,iran ,sanctions ,act of #aiif      
7,public ,law #ajd-agb2 #ej ,u4,s4,c4   
#agja note7 with respect to a person    
that the ,president determines has1 on  
or after ,june #a1 #bjac1 knowingly     
engaged in a significant financial      
transaction for the sale1 supply1 or    
transfer to ,iran of significant goods  
or services used in connection with the 
automotive sector of ,iran4  7b7        
,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 has1 on or after 
,june #a1 #bjac1 knowingly facilitated a
 significant financial transaction for  
the sale1 supply1 or transfer to ,iran  
of significant goods or services used in
 connection with the automotive sector  
of ,iran4  #abdg;,c4 ,certification     
required for government contracts with  
persons in automotive sector of any     
country  7a7 ,modification of ,federal  
,acquisition ,regulation ,not later than
 #cj days after the date of the         
enactment of the ,sanction ,iran1       
,safeguard ,america ,act of #bjad1 the  
,federal ,acquisition ,regulation shall 
be revised to require a certification   
from each person described in subsection
 7b7 that is a prospective contractor   
that the person1 and any person owned or

 controlled by the person-- 7#a7 has    
not1 in the previous #ij days1 conducted
 any transaction with an ,iranian person
 or any entity owned or controlled by an
 ,iranian person2 and  7#b7 does not    
have a business relationship with the   
,government of ,iran4  7b7 ,persons     
described ,a person described in this   
subsection is a person that is part of  
the automotive sector of any foreign    
country4  7c7 ,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 revision of the ,federal      
,acquisition ,regulation required by    
this subsection 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  7d7
 ,clarification regarding certain       
products ,the remedies set forth in     
subsection 7c7 shall not apply with     
respect to the procurement of eligible  
products1 as defined in section #cjh7d7 
of the ,trade ,agreements ,act of #aigd 
7#ai ,u4,s4,c4 #beah7d771 of any foreign

 country or instrumentality designated  
under section #cja7;b7 of that ,act 7#ai
 ,u4,s4,c4 #beaa7;b774  7e7 ,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  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 of the enactment of the  
,sanction ,iran1 ,safeguard ,america    
,act of #bjad4  7g7 ,government         
,accountability ,office report ,not     
later than #cj days after the date of   
the enactment of the ,sanction ,iran1   
,safeguard ,america ,act of #bjad1 and  
every #cj days thereafter1 the          
,comptroller ,general of the ,united    
,states shall submit to the appropriate 

congressional committees a list of all  
persons that are part of the automotive 
sector of any foreign country that--    
7#a7 during the #cj-;day period         
preceding the submission of the report1 
have conducted a transaction with an    
,iranian person or any entity owned or  
controlled by an ,iranian person2 or    
7#b7 have a business relationship with  
the ,government of ,iran4  7h7          
,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  4  7b7          
,definitions ,section #abdb of the ,iran
 ,freedom and ,counter-,proliferation   
,act of #bjab 7#bb ,u4,s4,c4 #hhja7 is  
amended-- 7#a7 in subsection 7a7-- 7,a7 
by redesignating paragraphs 7#g7 through

 7#ad7 as paragraphs 7#i7 through 7#af71
 respectively2  7,b7 by redesignating   
paragraphs 7#c7 through 7#f7 as         
paragraphs 7#d7 through 7#g71           
respectively2  7,c7 by inserting after  
paragraph 7#b7 the following3  7#c7     
,automotive sector ,the term automotive 
sector means1 with respect to a country1
 the following3 7,a7 ,the manufacturing 
or assembling in that country of        
vehicles1 including passenger cars1     
trucks1 buses1 minibuses1 pick-up       
trucks1 and motorcycles4  7,b7 ,the     
manufacturing in that country of        
original equipment relating to such     
vehicles4  7,c7 ,the manufacturing in   
that country of after-market parts      
relating to such vehicles4  2 and  7,d7 
by inserting after paragraph 7#g71 as   
redesignated by subparagraph 7,b71 the  
following3  7#h7 ,iranian depository    
institution ,the term ,iranian          
depository institution means an entity  
that-- 7,a7 is-- 7i7 organized under the
 laws of ,iran or any jurisdiction      

within ,iran1 including a foreign branch
 of such an institution2  7ii7 located  
in ,iran2  7iii7 owned or controlled by 
the ,government of ,iran2 or  7iv7 owned
 or controlled by an entity described in
 clause 7i71 7ii71 or 7iii72 and  7,b7  
is engaged primarily in the business of 
banking1 as determined by the ,secretary
 of the ,treasury4  2 and  7#b7 in      
subsection 7b7-- 7,a7 by striking       
financial transactions or financial     
services and inserting financial        
transactions1 financial services1 goods1
 or other services2 and  7,b7 by        
inserting 1 with respect to financial   
transactions or financial services1     
after including4  #f4 ,expansion of     
sanctions with respect to foreign       
financial institutions that facilitate  
financial transactions with specially   
designated nationals ,section #abdg7;a7 
of the ,iran ,freedom and               
,counter-,proliferation ,act of #bjab   
7#bb ,u4,s4,c4 #hhjf7;a77 is amended by 
striking the ,president determines has  

and all that follows through the period 
at the end and inserting 8the ,president
 determines has--  7#a7 on or after the 
date that is #ahj days after the date of
 the enactment of this ,act1 knowingly  
facilitated a significant financial     
transaction on behalf of any ,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 7b772 or  7#b7  
on or after ,june #a1 #bjac1 knowingly  
facilitated a significant financial     
transaction on behalf of any person     
included on such list whose property and
 interests in property are blocked      
pursuant to section #abdg;,a or         
,executive ,order #aceii 7#gh ,fed4     
,reg4 #cc1iea7 7other than an ,iranian  
depository institution whose property   
and interests in property are blocked   
solely pursuant to ,executive ,order    

#aceii74  4  #g4 ,termination of        
loophole allowing importation of refined
 petroleum products made from ,iranian  
origin crude oil  7a7 ,in general       
,section #ajc7;b77#a7 of the            
,comprehensive ,iran ,sanctions1        
,accountability1 and ,divestment ,act of
 #bjaj 7#bb ,u4,s4,c4 #heab7;b77#a77 is 
amended by adding at the end the        
following3  7,c7 ,application to refined
 petroleum products made from ,iranian  
origin crude oil ,the prohibition in    
subparagraph 7,a7 includes a prohibition
 on the importation into the ,united    
,states of refined petroleum products   
produced using ,iranian origin crude oil
 without regard to whether such crude   
oil was commingled with crude oil not of
 ,iranian origin during the process of  
producing the refined petroleum         
products4  4  7b7 ,termination of       
regulatory exceptions  7#a7 ,in general 
,section #ajc7;d7 of the ,comprehensive 
,iran ,sanctions1 ,accountability1 and  
,divestment ,act of #bjaj 7#bb ,u4,s4,c4

 #heab7;d77 is amended to read as       
follows3  7d7 ,regulatory authority     
7#a7 ,in general ,the ,president shall  
prescribe regulations to carry out this 
section4  7#b7 ,prohibition on          
regulatory exceptions ,no exception to  
the prohibition under subsection 7b77#a7
 may be made by regulation4  4  7#b7    
,termination of exceptions ,any         
regulatory exception to the prohibition 
under section #ajc7;b77#a7 of the       
,comprehensive ,iran ,sanctions1        
,accountability1 and ,divestment ,act of
 #bjaj 7#bb ,u4,s4,c4 #heab7;b77#a77 in 
effect on the day before the date of the
 enactment of this ,act shall cease to  
be in effect on and after such date of  
enactment4  #h4 ,applicability of       
sanctions with respect to petroleum     
transactions  7a7 ,in general ,section  
#abde7;d77#d77;,d77i7 of the ,national  
,defense ,authorization ,act for ,fiscal
 ,year #bjab 7#bb ,u4,s4,c4             
#heac;a7d77#d77;,d77i77 is amended--    
7#a7 in subclause 7,i71 by striking     

reduced reduced its volume of crude oil 
purchases from ,iran and inserting      
reduced the volume of its purchases of  
petroleum from ,iran or of ,iranian     
origin2 and  7#b7 in subclause 7,,ii71  
by striking crude oil purchases from    
,iran and inserting purchases of        
petroleum from ,iran or of ,iranian     
origin4  7b7 ,definitions ,section      
#abde7;h7 of the ,national ,defense     
,authorization ,act for ,fiscal ,year   
#bjab 7#bb ,u4,s4,c4 #heac;a7h77 is     
amended-- 7#a7 by redesignating         
paragraphs 7#c7 and 7#d7 as paragraphs  
7#e7 and 7#f71 respectively2 and  7#b7  
by inserting after paragraph 7#b7 the   
following3  7#c7 ,iranian origin ,the   
term ,iranian origin1 with respect to   
petroleum1 means extracted1 produced1 or
 refined in ,iran4  7#d7 ,petroleum ,the
 term petroleum includes crude oil1     
lease condensates1 fuel oils1 and other 
unfinished oils4  4  7c7 ,conforming    
amendments ,section #ajb7;b7 of the     
,iran ,threat ,reduction and ,syria     

,human ,rights ,act of #bjab 7#bb       
,u4,s4,c4 #hgab7;b77 is amended-- 7#a7  
in paragraph 7#c7-- 7,a7 by striking    
crude oil purchases from ,iran and      
inserting purchases of petroleum from   
,iran or of ,iranian origin2 and  7,b7  
by striking as amended by section #ejd12
 and  7#b7 in paragraph 7#d71 by        
striking crude oil purchases and        
inserting purchases of petroleum from   
,iran or of ,iranian origin4  7d7       
,effective date ,the amendments made by 
this section shall apply with respect to
 determinations under section           
#abde7;d77#d77;,d77i7 of the ,national  
,defense ,authorization ,act for ,fiscal
 ,year #bjab 7#bb ,u4,s4,c4             
#heac;a7d77#d77;,d77i77 on or after the 
date that is #ij days after the date of 
the enactment of this ,act4  #i4        
,sanctions with respect to proliferators
 of weapons of mass destruction  7a7 ,in
 general ,the ,president shall block and
 prohibit all transactions in property  
and interests in property of a person   

the ,president determines knowingly1 on 
or after ,june #bi1 #bjje1 provides1 or 
attempts to provide1 financial1         
material1 technological or other support
 for1 or goods or services in support   
of1 any activity or transaction         
described in subsection 7b7 or any      
person whose property and interests in  
property are blocked pursuant to        
,executive ,order #acchb 7#gj ,fed4     
,reg4 #ch1efg2 relating to blocking     
property of weapons of mass destruction 
proliferators and their supporters71 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  7b7 ,activities
 and transactions described ,an activity
 or transaction described in this       
subsection is an activity or transaction
 that has materially contributed to1 or 
poses a risk of materially contributing 
to1 the proliferation of weapons of mass
 destruction or the means of delivery of

 such weapons 7including missiles       
capable of delivering such weapons71    
including any efforts to manufacture1   
acquire1 possess1 develop1 transport1   
transfer or use such weapons or means of
 delivery1 by any person or foreign     
country the ,president determines to be 
of proliferation concern4  7c7 ,united  
,states person defined ,in this section1
 the term ,united ,states person has the
 meaning given that term in section #aja
 of the ,comprehensive ,iran ,sanctions1
 ,accountability1 and ,divestment ,act  
of #bjaj 7#bb ,u4,s4,c4 #heaa74  #aj4   
,prohibition on funding for negotiations
 with ,iran without consent of ,congress
 ,no funds authorized to be appropriated
 for fiscal year #bjad or any fiscal    
year thereafter may be obligated or     
expended to participate in a diplomatic 
negotiation with ,iran until the date of
 the enactment of a joint resolution    
certifying that-- 7#a7 the ,government  
of ,iran has freed all ,american        
prisoners of conscience who are being   

unjustly held in ,iranian jails2  7#b7  
the ,government of ,iran is complying   
with all inspections conducted by the   
,international ,atomic ,energy ,agency  
to fulfill its obligations under the    
,treaty on the ,non-,proliferation of   
,nuclear ,weapons1 done at ,washington1 
,london1 and ,moscow ,july #a1 #aifh1   
and entered into force ,march #e1 #aigj 
7commonly known as the ,nuclear         
,non-,proliferation ,treaty71 to which  
,iran is a party2  7#c7 the ,united     
,states can verifiably determine1       
through certification by the            
,international ,atomic ,energy ,agency1 
that the ,government of ,iran-- 7,a7 has
 dismantled its nuclear program in its  
entirety1 including all centrifuges1    
capabilities1 and facilities for        
enrichment and reprocessing of uranium  
and plutonium2  7,b7 has relinquished   
all stockpiles of enriched uranium2 and 
7,c7 does not have any ballistic        
missiles with a range of #cjj kilometers
 or more and a payload of #ejj kilograms

 or more and has dismantled its research
 and development programs for such      
weapons2  7#d7 the ,secretary of the    
,treasury no longer finds that the      
,central ,bank of ,iran is a financial  
institution of primary money laundering 
concern pursuant to section #ecah;,a of 
title #ca1 ,united ,states ,code2 and   
7#e7 the ,government of ,iran has       
demonstrated its renunciation of        
state-sponsored terrorism by            
acknowledging its participation in1     
assisting the investigation1 if any1    
into1 relinquishing any suspects        
currently harbored by the ,government of
 ,iran1 and accepting legal             
responsibility for-- 7,a7 the bombing of
 the ,israeli embassy in ,buenos ,aires1
 ,argentina1 on ,march #ag1 #aiib2  7,b7
 the bombing of the ,world ,trade       
,center in ,new ,york on ,february #bf1 
#aiic2  7,c7 the bombing of the         
,asociacin ,mutual ,israelita ,argentina
 ,jewish ,community ,center in ,buenos  
,aires1 ,argentina1 on ,july #ah1 #aiid2

 and  7,d7 the bombing of the ,khobar   
,towers in ,khobar1 ,saudi ,arabia1 on  
,june #be1 #aiif4