,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bfgb  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #bh1 #bjad ,mr4  
,cruz introduc$ ! foll[+ bill2 :i* 0    
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to t]m9ate ! au?ority to waive 
c]ta9 provisions ( law requir+ !        
imposition ( sanctions ) respect to     
,iran1 to codify c]ta9 sanctions impos$ 
by executive ord]1 & = o!r purposes4    
#a4 ,%ort title  ,?is ,act may be cit$ z
 ! ,sanction ,iran1 ,safegu>d ,am]ica   
,act ( #bjad or ! ,,sisa ,act4  #b4     
,f9d+s ,congress makes ! foll[+ f9d+s3  
7#a7 ,a nucle>-capable ,iran poses a    
direct & exi/5tial ?reat to ! ,unit$    
,/ates1 ,israel1 & allies ar\nd ! _w4   
7#b7 ,iran is a lead+ /ate sponsor (    
t]rorism1 arm+ & fund+ t]rori/ gr\ps    
ar\nd ! _w1 includ+ by provid+ mat]ial  
support = ! t]rori/ organization ,hamas 
9 its rel5tless attacks on ,israel4     
7#c7 ,! ,gov]nm5t ( ,iran has violat$   
,unit$ ,nations ,security ,c\ncil       

,resolutions #afif 7#bjjf71 #agcg       
7#bjjf71 #agdg 7#bjjg71 #ahjc 7#bjjh71  
#ahce 7#bjjh71 & #aibi 7#bjaj71 relat+  
to ,iran's nucle> program4  7#d7 ,!     
,gov]nm5t ( ,iran has receiv$           
significant economic b5efits f !        
relaxation ( economic sanctions pursuant
 ! ,jo9t ,plan ( ,action1 sign$ ,novemb]
 #bd1 #bjac1 by ,iran & by ,france1     
,g]many1 ! ,russian ,f$]ation1 ! ,p's   
,republic ( ,*9a1 ! ,unit$ ,k+dom1 & !  
,unit$ ,/ates 79 ?is section ref]r$ to z
 ! ,jo9t ,plan ( ,action71 includ+      
increas$ economic gr[?1 r$uc$ inflation1
 & a /r5g!n$ curr5cy1 :ile mak+ no      
sub/antive r$uctions 9 its nucle>       
program4  7#e7 ,any deal relat+ to      
,iran's nucle> weapons program t does n 
completely dismantle ! entire nucle>    
weapons program w\ld repeat ! same      
mi/akes obs]v$ ) negotiations ) ,nor?   
,korea1 a totalit>ian c\ntry t export$  
its nucle> te*nology to ,syria & has %>$
 simil> nucle> & balli/ic missile       
te*nology ) ,iran4  7#f7 ,! ,agre$      

,framework betwe5 ! ,unit$ ,/ates & !   
,democratic ,p's ,republic ( ,korea1    
sign$ 9 ,g5eva on ,octob] #ba1 #aiid1   
:i* call$ = ,nor? ,korea to freeze &    
dismantle its nucle> weapons program 9  
ex*ange = eas$ sanctions & normaliz$    
relations ) ! ,unit$ ,/ates1 %\ld s]ve z
 a rem9d] ( previ\s fail$ negotiations  
result+ 9 billions ( doll>s made        
available = ! developm5t ( nucle>       
weapons4  7#g7 ,economic sanctions      
impos$ ) respect to ,iran are design$ = 
! purpose ( end+ ,iran's pursuit ( a    
nucle> weapons capability1 n ( initiat+ 
negotiations4 ,!re=e1 any eas+ (        
sanctions 9 pursuit ( negotiations      
und]m9es ! purpose ( ! sanctions1 z is  
demon/rat$ by ! case ( ,nor? ,korea4    
#c4 ,modification & elim9ation ( waiv]  
au?orities = c]ta9 sanctions ) respect  
to ,iran  7a7 ,modification ( waiv] (   
sanctions relat+ to ! transportation (  
crude oil f ,iran  7#a7 ,9 g5]al        
,section #i7;c77#a77;,a7 ( ! ,iran      
,sanctions ,act ( #aiif 7,public ,law   

#ajd-agb2 #ej ,u4,s4,c4 #agja note7 is  
am5d$ by ins]t+ 7o!r ?an ! requirem5t 9 
p>agraph 7#g7 ( su* section7 aft]       
section #e7;a74  7#b7 ,t]m9ation (      
waiv]s ,any waiv] ( ! requirem5t 9      
section #e7;a77#g7 ( ! ,iran ,sanctions 
,act ( #aiif 7,public ,law #ajd-agb2 #ej
 ,u4,s4,c4 #agja note7 ex]cis$ by !     
,presid5t "u section #i7;c77#a77;,a7 (  
su* ,act %all cease to be 9 effect on & 
aft] ! date ( ! enactm5t ( ?is ,act4    
7b7 ,elim9ation ( waiv] ) respect to    
m&atory sanctions ) respect to f9ancial 
in/itutions t engage 9 c]ta9            
transactions  7#a7 ,9 g5]al ,section    
#ajd ( ! ,compreh5sive ,iran ,sanctions1
 ,acc\ntability1 & ,dive/m5t ,act (     
#bjaj 7#bb ,u4,s4,c4 #heac7 is am5d$--  
7,a7 by /rik+ subsection 7f72 &  7,b7 by
 r$esignat+ subsections 7g7 ?r\gh 7i7 z 
subsections 7f7 ?r\gh 7h71 respectively4
  7#b7 ,t]m9ation ( waiv]s ,any waiv] ( 
! imposition ( sanctions ex]cis$ by !   
,presid5t "u section #ajd7;f7 ( !       
,compreh5sive ,iran ,sanctions1         

,acc\ntability1 & ,dive/m5t ,act ( #bjaj
 7#bb ,u4,s4,c4 #heac7;f771 z 9 effect  
on ! day be=e ! date ( ! enactm5t ( ?is 
,act1 %all cease to be 9 effect on &    
aft] su* date ( enactm5t4  7#c7 ,con=m+ 
am5dm5ts  7,a7 ,sanctions ) respect to  
f9ancial sector ( ,iran ,section        
#abde7;h7 ( ! ,national ,def5se         
,au?orization ,act = ,fiscal ,ye> #bjab 
7#bb ,u4,s4,c4 #heac;a7h77 is am5d$ by  
/rik+ section #ajd7;i7 ( ! ,compreh5sive
 ,iran ,sanctions1 ,acc\ntability1 &    
,dive/m5t ,act ( #bjaj 7#bb ,u4,s4,c4   
#heac7;i77 & ins]t+ section #ajd ( !    
,compreh5sive ,iran ,sanctions1         
,acc\ntability1 & ,dive/m5t ,act ( #bjaj
 7#bb ,u4,s4,c4 #heac74  7,b7 ,expansion
 ( m&atory sanctions ) respect to c]ta9 
f9ancial in/itutions ,section           
#ajd;,a7d77#b7 ( ! ,compreh5sive ,iran  
,sanctions1 ,acc\ntability1 & ,dive/m5t 
,act ( #bjaj 7#bb ,u4,s4,c4             
#heac;b7d77#b77 is am5d$ by /rik+       
section #ajd7;i7 & ins]t+ section #ajd4 
7,c7 ,def9itions = ,iran ,fre$om &      

,c\nt]-,prolif]ation ,act ( #bjab       
,section #abdb7;a77#e7 ( ! ,iran ,fre$om
 & ,c\nt]-,prolif]ation ,act ( #bjab    
7#bb ,u4,s4,c4 #hhja7;a77#e77 is am5d$  
by /rik+ section #ajd7;i7 ( !           
,compreh5sive ,iran ,sanctions1         
,acc\ntability1 & ,dive/m5t ,act ( #bjaj
 7#bb ,u4,s4,c4 #heac7;i77 & ins]t+     
section #ajd ( ! ,compreh5sive ,iran    
,sanctions1 ,acc\ntability1 & ,dive/m5t 
,act ( #bjaj 7#bb ,u4,s4,c4 #heac74  7c7
 ,elim9ation ( waiv] ( sanctions )      
respect to ! f9ancial sector ( ,iran    
7#a7 ,9 g5]al ,section #abde7;d7 ( !    
,national ,def5se ,au?orization ,act =  
,fiscal ,ye> #bjab 7#bb ,u4,s4,c4       
#heac;a7d77 is am5d$ by /rik+ p>agraph  
7#e74  7#b7 ,t]m9ation ( waiv]s ,any    
waiv] ex]cis$ by ! ,presid5t "u section 
#abde7;d77#e7 ( ! ,national ,def5se     
,au?orization ,act = ,fiscal ,ye> #bjab 
7#bb ,u4,s4,c4 #heac;a7d77#e771 z 9     
effect on ! day be=e ! date ( ! enactm5t
 ( ?is ,act1 %all cease to be 9 effect  
on & aft] su* date ( enactm5t4  7d7     

,elim9ation ( waiv] ( sanctions )       
respect to p]sons t support or conduct  
c]ta9 transactions ) ,iran's            
,revolution>y ,gu>d ,corps or o!r       
sanction$ p]sons  7#a7 ,9 g5]al ,section
 #cjb ( ! ,iran ,?reat ,r$uction &      
,syria ,human ,rights ,act ( #bjab 7#bb 
,u4,s4,c4 #hgdb7 is am5d$ by-- 7,a7     
/rik+ subsections 7d7 & 7e72 &  7,b7    
r$esignat+ subsection 7f7 z subsection  
7d74  7#b7 ,t]m9ation ( waiv]s ,any     
waiv] ex]cis$ by ! ,presid5t "u         
subsection 7d7 or 7e7 ( section #cjb ( !
 ,iran ,?reat ,r$uction & ,syria ,human 
,rights ,act ( #bjab 7#bb ,u4,s4,c4     
#hgdb7;d771 z 9 effect on ! day be=e !  
date ( ! enactm5t ( ?is ,act1 %all cease
 to be 9 effect on & aft] su* date (    
enactm5t4  7e7 ,elim9ation ( waiv] (    
sanctions ) respect to ! en]gy1 %ipp+1 &
 %ipbuild+ sectors ( ,iran  7#a7 ,9     
g5]al ,section #abdd ( ! ,iran ,fre$om &
 ,c\nt]-,prolif]ation ,act ( #bjab 7#bb 
,u4,s4,c4 #hhjc7 is am5d$ by /rik+      
subsection 7i74  7#b7 ,t]m9ation (      

waiv]s ,any waiv] ( ! imposition (      
sanctions "u section #abdd7;i7 ( ! ,iran
 ,fre$om & ,c\nt]-,prolif]ation ,act (  
#bjab 7#bb ,u4,s4,c4 #hhjc7;i771 z 9    
effect on ! day be=e ! date ( ! enactm5t
 ( ?is ,act1 %all cease to be 9 effect  
on & aft] su* date ( enactm5t4  7f7     
,elim9ation ( waiv] ( sanctions )       
respect to ! sale1 supply1 or transf] ( 
c]ta9 mat]ials to or f ,iran  7#a7 ,9   
g5]al ,section #abde ( ! ,iran ,fre$om &
 ,c\nt]-,prolif]ation ,act ( #bjab 7#bb 
,u4,s4,c4 #hhjd7 is am5d$-- 7,a7 by     
/rik+ subsection 7g72 &  7,b7 by        
r$esignat+ subsection 7h7 z subsection  
7g74  7#b7 ,t]m9ation ( waiv]s ,any     
waiv] ( ! imposition ( sanctions "u     
section #abde7;g7 ( ! ,iran ,fre$om &   
,c\nt]-,prolif]ation ,act ( #bjab 7#bb  
,u4,s4,c4 #hhjd7;g771 z 9 effect on !   
day be=e ! date ( ! enactm5t ( ?is ,act1
 %all cease to be 9 effect on & aft] su*
 date ( enactm5t4  7g7 ,elim9ation (    
waiv] ( sanctions ) respect to !        
provision ( und]writ+ s]vices or        

insurance or re9surance = activities or 
p]sons ) respect to :i* sanctions h be5 
impos$  7#a7 ,9 g5]al ,section #abdf ( !
 ,iran ,fre$om & ,c\nt]-,prolif]ation   
,act ( #bjab 7#bb ,u4,s4,c4 #hhje7 is   
am5d$ by /rik+ subsection 7e74  7#b7    
,t]m9ation ( waiv]s ,any waiv] ( !      
imposition ( sanctions "u section       
#abdf7;e7 ( ! ,iran ,fre$om &           
,c\nt]-,prolif]ation ,act ( #bjab 7#bb  
,u4,s4,c4 #hhje7;e771 z 9 effect on !   
day be=e ! date ( ! enactm5t ( ?is ,act1
 %all cease to be 9 effect on & aft] su*
 date ( enactm5t4  7h7 ,elim9ation (    
waiv] ( sanctions ) respect to =eign    
f9ancial in/itutions t facilitate       
f9ancial transactions on behalf (       
specially designat$ nationals  7#a7 ,9  
g5]al ,section #abdg ( ! ,iran ,fre$om &
 ,c\nt]-,prolif]ation ,act ( #bjab 7#bb 
,u4,s4,c4 #hhjf7 is am5d$ by /rik+      
subsection 7f74  7#b7 ,t]m9ation (      
waiv]s ,any waiv] ( ! imposition (      
sanctions "u subsection section         
#abdg7;f7 ( ! ,iran ,fre$om &           

,c\nt]-,prolif]ation ,act ( #bjab 7#bb  
,u4,s4,c4 #hhjf7;f771 z 9 effect on !   
day be=e ! date ( ! enactm5t ( ?is ,act1
 %all cease to be 9 effect on & aft] su*
 date ( enactm5t4  7i7 ,te*nical am5dm5t
 ,section #abec7;c7 ( ! ,iran ,fre$om & 
,c\nt]-,prolif]ation ,act ( #bjab 7#bb  
,u4,s4,c4 #hhji7;c77 is am5d$1 9 ! matt]
 prec$+ p>agraph 7#a71 by /rik+ 1 &1 z  
appropriate1 in/ead ( sections          
#abdd7;i71 #abde7;g71 & #abdf7;e7 ( ?is 
,act4  #d4 ,sanctions ) respect to      
pur*ase1 acquisition1 sale1 transport1  
or m>ket+ ( petroleum1 petroleum        
products1 or petro*emical products f    
,iran  7a7 ,9 g5]al ,subtitle ,b ( title
 ,,ii ( ! ,iran ,?reat ,r$uction &      
,syria ,human ,rights ,act ( #bjab 7#bb 
,u4,s4,c4 #hgba et seq47 is am5d$-- 7#a7
 by r$esignat+ sections #bbb1 #bbc1 &   
#bbd z sections #bbe1 #bbf1 & #bbg1     
respectively2 &  7#b7 by ins]t+ aft]    
section #bba ! foll[+3  #bbb4           
,imposition ( sanctions ) respect to    
pur*ase1 acquisition1 sale1 transport1  

or m>ket+ ( petroleum1 petroleum        
products1 & petro*emical products f     
,iran  7a7 ,limitations on correspond5t 
& payable-,?r\gh acc\nts ,! ,presid5t   
%all prohibit ! op5+1 & prohibit or     
impose /rict conditions on ! ma9ta9+1 9 
! ,unit$ ,/ates ( a correspond5t acc\nt 
or a payable-?r\gh acc\nt by a =eign    
f9ancial in/itution t ! ,presid5t       
det]m9es has kn[+ly conduct$ or         
facilitat$ any significant f9ancial     
transaction1 on or aft] ,july #ca1      
#bjab-- 7#a7 = ! pur*ase1 acquisition1  
sale1 transport1 or m>ket+ ( petroleum  
or petroleum products f ,iran2 or  7#b7 
= ! pur*ase1 acquisition1 sale1         
transport1 or m>ket+ ( petro*emical     
products f ,iran4  7b7 ,application (   
sanctions f ,iran ,sanctions ,act (     
#aiif ,! ,presid5t %all impose on a     
p]son "o or m ( ! sanctions describ$ 9  
section #f7;a7 ( ! ,iran ,sanctions ,act
 ( #aiif 7,public ,law #ajd-agb2 #ej    
,u4,s4,c4 #agja note7 ^u det]m9+ t !    
p]son kn[+ly1 on or aft] ,july #ca1     

#bjab1 engag$ 9 a significant           
transaction = ! pur*ase1 acquisition1   
sale1 transport1 or m>ket+ (-- 7#a7     
petroleum or petroleum products f ,iran2
 or  7#b7 petro*emical products f ,iran4
  7c7 ,applicability ,subsections       
7a77#a7 & 7b77#a7 %all apply ) respect  
to a p]son only if-- 7#a7 ! ,presid5t   
det]m9es "u subp>agraphs 7,b7 & 7,c7 (  
p>agraph 7#d7 ( section #abde7;d7 ( !   
,national ,def5se ,au?orization ,act =  
,fiscal ,ye> #bjab 7#bb ,u4,s4,c4       
#heac;a7d77 t !re is a suffici5t supply 
( petroleum & petroleum products f      
c\ntries o!r ?an ,iran to p]mit a       
significant r$uction 9 ! volume (       
petroleum & petroleum products pur*as$ f
 ,iran by or ?r\gh =eign f9ancial       
in/itutions2 &  7#b7 an exception "u    
subp>agraph 7,d7 ( t p>agraph f !       
imposition ( sanctions "u p>agraph 7#a7 
( t section does n apply ) respect to ! 
c\ntry ) prim>y jurisdiction ov] !      
p]son4  7d7 ,def9itions ,9 ?is section3 
7#a7 ,acc\nt2 correspond5t acc\nt2      

payable-?r\gh acc\nt ,! t]ms acc\nt1    
correspond5t acc\nt1 & payable-?r\gh    
acc\nt h ! mean+s giv5 ^? t]ms 9 section
 #ecah;,a ( title #ca1 ,unit$ ,/ates    
,code4  7#b7 ,f9ancial in/itution ,! t]m
 f9ancial in/itution means a f9ancial   
in/itution specifi$ 9 subp>agraph 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 (       
section #ecab7;a77#b7 ( title #ca1      
,unit$ ,/ates ,code4  7#c7 ,=eign       
f9ancial in/itution ,! t]m =eign        
f9ancial in/itution has ! mean+ ( t t]m 
z det]m9$ by ! ,secret>y ( ! ,treasury  
pursuant to section #ajd ( !            
,compreh5sive ,iran ,sanctions1         
,acc\ntability1 & ,dive/m5t ,act ( #bjaj
 7#bb ,u4,s4,c4 #heac74  7#d7 ,petroleum
 ,! t]m petroleum means a mixture (     
hydroc>bons t exi/s 9 liquid phase 9    
natural und]gr\nd res]voirs & rema9s    
liquid at atmosph]ic pressure aft] pass+
 ?r\gh surface sep>at+ facilities4  7#e7
 ,petroleum products  7,a7 ,9 g5]al ,!  
t]m petroleum products includes unf9i%$ 

oils1 liquefi$ petroleum gases1 p5tanes 
plus1 aviation gasol9e1 motor gasol9e1  
naph?a-type jet fuel1 k]os5e-type jet   
fuel1 k]os5e1 di/illate fuel oil1       
residual fuel oil1 petro*emical         
fe$/ocks1 special naph?as1 lubricants1  
waxes1 petroleum coke1 asphalt1 road    
oil1 /ill gas1 & miscellane\s products  
obta9$ f ! process+ ( crude oil 7includ+
 lease cond5sate71 natural gas1 & o!r   
hydroc>bon comp\nds4  7,b7 ,exception ,!
 t]m petroleum products does n include  
natural gas1 liquefi$ natural gas1      
bi(uels1 me?anol1 & o!r non-petroleum   
fuels4  7#f7 ,petro*emical products ,!  
t]m petro*emical products includes any  
aromatic1 olef91 & syn!sis gas1 & any ( 
d]ivatives ( su* a gas1 includ+ e?yl5e1 
propyl5e1 butadi5e1 b5z5e1 tolu5e1      
xyl5e1 ammonia1 me?anol1 & urea4  #bbc4 
,imposition ( sanctions ) respect to    
support = ! ,national ,iranian ,oil     
,company1 ! ,naftiran ,int]trade        
,company1 or ! ,c5tral ,bank ( ,iran ,! 
,presid5t %all block & prohibit all     

transactions 9 prop]ty & int]e/s 9      
prop]ty ( a p]son ! ,presid5t det]m9es  
has1 on or aft] ,july #ca1 #bjab1       
mat]ially assi/$1 sponsor$1 or provid$  
f9ancial1 mat]ial1 or te*nological      
support =1 or goods or s]vices 9 support
 (1 ! ,national ,iranian ,oil ,company1 
! ,naftiran ,int]trade ,company1 or !   
,c5tral ,bank ( ,iran if su* prop]ty &  
int]e/s 9 prop]ty are 9 ! ,unit$ ,/ates1
 come )9 ! ,unit$ ,/ates1 or are or come
 )9 ! possession or control ( a ,unit$  
,/ates p]son4  #bbd4 ,imposition (      
sanctions ) respect to support = !      
pur*ase ( ,unit$ ,/ates bank notes or   
preci\s metals by ! ,gov]nm5t ( ,iran ,!
 ,presid5t %all block & prohibit all    
transactions 9 prop]ty & int]e/s 9      
prop]ty ( a p]son ! ,presid5t det]m9es  
has1 on or aft] ,july #ca1 #bjab1       
mat]ially assi/$1 sponsor$1 or provid$  
f9ancial1 mat]ial1 or te*nological      
support =1 or goods or s]vices 9 support
 (1 ! pur*ase or acquisition ( ,unit$   
,/ates bank notes or preci\s metals by !

 ,gov]nm5t ( ,iran1 if su* prop]ty &    
int]e/s 9 prop]ty are 9 ! ,unit$ ,/ates1
 come )9 ! ,unit$ ,/ates1 or are or come
 )9 ! possession or control ( a ,unit$  
,/ates p]son4  4  7b7 ,cl]ical am5dm5t  
,! table ( cont5ts = ! ,iran ,?reat     
,r$uction & ,syria ,human ,rights ,act (
 #bjab is am5d$ by /rik+ ! items relat+ 
to sections #bbb1 #bbc1 & #bbd & ins]t+ 
! foll[+3  ,sec4 #bbb4 ,imposition (    
sanctions ) respect to pur*ase1         
acquisition1 sale1 transport1 or m>ket+ 
( petroleum1 petroleum products1 &      
petro*emical products f ,iran4 ,sec4    
#bbc4 ,imposition ( sanctions ) respect 
to support = ! ,national ,iranian ,oil  
,company1 ! ,naftiran ,int]trade        
,company1 or ! ,c5tral ,bank ( ,iran4   
,sec4 #bbd4 ,imposition ( sanctions )   
respect to support = ! pur*ase ( ,unit$ 
,/ates bank notes or preci\s metals by !
 ,gov]nm5t ( ,iran4,sec4 #bbe4 ,s5se (  
,congress & rule ( con/ruction relat+ to
 c]ta9 au?orities ( ,/ate & local       
gov]nm5ts4,sec4 #bbf4 ,gov]nm5t         

,acc\ntability ,(fice report on =eign   
entities t inve/ 9 ! en]gy sector (     
,iran or export ref9$ petroleum products
 to ,iran4,sec4 #bbg4 ,report+ on !     
importation to & exportation f ,iran (  
crude oil & ref9$ petroleum products4  4
  #e4 ,imposition ( sanctions ) respect 
to transactions ) specially designat$   
nationals & ) respect to ! automotive   
sector ( ,iran  7a7 ,9 g5]al ,! ,iran   
,fre$om & ,c\nt]-,prolif]ation ,act (   
#bjab 7#bb ,u4,s4,c4 #abda et seq47 is  
am5d$ by ins]t+ aft] section #abdg !    
foll[+3  #abdg;,a4 ,imposition (        
sanctions ) respect to c]ta9            
transactions ) specially designat$      
nationals  7a7 ,block+ ( prop]ty ,!     
,presid5t %all block & prohibit all     
transactions 9 prop]ty & int]e/s 9      
prop]ty ( a p]son ! ,presid5t det]m9es  
has1 on or aft] ,june #a1 #bjac1        
mat]ially assi/$1 sponsor$1 or provid$  
f9ancial1 mat]ial1 or te*nological      
support =1 or goods or s]vices 9 support
 (1 any p]son specifi$ 9 subsection 7b7 

if su* prop]ty & int]e/s 9 prop]ty are 9
 ! ,unit$ ,/ates1 come )9 ! ,unit$      
,/ates1 or are or come )9 ! possession  
or control ( a ,unit$ ,/ates p]son4  7b7
 ,p]sons specifi$ ,a p]son specifi$ 9   
?is subsection is any p]son z foll[s3   
7#a7 ,any ,iranian p]son includ$ on !   
li/ ( specially designat$ nationals &   
block$ p]sons ma9ta9$ by ! ,(fice (     
,=eign ,assets ,control ( ! ,dep>tm5t ( 
! ,treasury 7o!r ?an an ,iranian        
depository in/itution ^: prop]ty &      
int]e/s 9 prop]ty are block$ solely     
pursuant to ,executive ,ord] #aceii 7#gh
 ,f$4 ,reg4 #cc1iea774  7#b7 ,any p]son 
includ$ on su* li/ ^: prop]ty & int]e/s 
9 prop]ty are block$ pursuant to        
subsection 7a7 or ,executive ,ord]      
#aceii 7o!r ?an an ,iranian depository  
in/itution ^: prop]ty & int]e/s 9       
prop]ty are block$ solely pursuant to   
,executive ,ord] #aceii74  #abdg;,b4    
,imposition ( sanctions ) respect to !  
automotive sector ( ,iran  7a7 ,9 g5]al 
,! ,presid5t %all impose sanctions      

describ$ 9 "o or m ( p>agraphs 7#a71    
7#b71 7#d71 7#e71 7#aj71 & 7#aa7 (      
section #f7;a7 ( ! ,iran ,sanctions ,act
 ( #aiif 7,public ,law #ajd-agb2 #ej    
,u4,s4,c4 #agja note7 ) respect to a    
p]son t ! ,presid5t det]m9es has1 on or 
aft] ,june #a1 #bjac1 kn[+ly engag$ 9 a 
significant f9ancial transaction = !    
sale1 supply1 or transf] to ,iran (     
significant goods or s]vices us$ 9      
connection ) ! automotive sector (      
,iran4  7b7 ,facilitation ( c]ta9       
transactions ,! ,presid5t %all prohibit 
! op5+1 & prohibit or impose /rict      
conditions on ! ma9ta9+1 9 ! ,unit$     
,/ates ( a correspond5t acc\nt or a     
payable-?r\gh acc\nt by a =eign f9ancial
 in/itution t ! ,presid5t det]m9es has1 
on or aft] ,june #a1 #bjac1 kn[+ly      
facilitat$ a significant f9ancial       
transaction = ! sale1 supply1 or transf]
 to ,iran ( significant goods or s]vices
 us$ 9 connection ) ! automotive sector 
( ,iran4  #abdg;,c4 ,c]tification       
requir$ = gov]nm5t contracts ) p]sons 9 

automotive sector ( any c\ntry  7a7     
,modification ( ,f$]al ,acquisition     
,regulation ,n lat] ?an #cj days aft] ! 
date ( ! enactm5t ( ! ,sanction ,iran1  
,safegu>d ,am]ica ,act ( #bjad1 ! ,f$]al
 ,acquisition ,regulation %all be revis$
 to require a c]tification f ea* p]son  
describ$ 9 subsection 7b7 t is a        
prospective contractor t ! p]son1 & any 
p]son own$ or controll$ by ! p]son--    
7#a7 has n1 9 ! previ\s #ij days1       
conduct$ any transaction ) an ,iranian  
p]son or any entity own$ or controll$ by
 an ,iranian p]son2 &  7#b7 does n h a  
bus9ess relation%ip ) ! ,gov]nm5t (     
,iran4  7b7 ,p]sons describ$ ,a p]son   
describ$ 9 ?is subsection is a p]son t  
is "p ( ! automotive sector ( any =eign 
c\ntry4  7c7 ,rem$ies  7#a7 ,9 g5]al ,if
 ! head ( an executive ag5cy det]m9es t 
a p]son has submitt$ a false            
c]tification "u subsection 7a7 on or    
aft] ! date on :i* ! revision ( ! ,f$]al
 ,acquisition ,regulation requir$ by ?is
 subsection becomes effective1 ! head ( 

t executive ag5cy %all t]m9ate a        
contract ) su* p]son or deb> or susp5d  
su* p]son f eligibility = ,f$]al        
contracts = a p]iod ( n less ?an #b     
ye>s4 ,any su* deb>m5t or susp5sion %all
 be subject to ! proc$ures t apply to   
deb>m5t & susp5sion "u ! ,f$]al         
,acquisition ,regulation "u subp>t #i4d 
( "p #i ( title #dh1 ,code ( ,f$]al     
,regulations4  7#b7 ,inclusion on li/ ( 
p>ties exclud$ f ,f$]al procurem5t &    
nonprocurem5t programs ,! ,adm9i/rator (
 ,g5]al ,s]vices %all include on ! ,li/ 
( ,p>ties ,exclud$ f ,f$]al ,procurem5t 
& ,nonprocurem5t ,programs ma9ta9$ by ! 
,adm9i/rator "u "p #i ( ! ,f$]al        
,acquisition ,regulation ea* p]son t is 
deb>r$1 susp5d$1 or propos$ = deb>m5t or
 susp5sion by ! head ( an executive     
ag5cy on ! basis ( a det]m9ation ( a    
false c]tification "u p>agraph 7#a74    
7d7 ,cl>ification reg>d+ c]ta9 products 
,! rem$ies set =? 9 subsection 7c7 %all 
n apply ) respect to ! procurem5t (     
eligible products1 z def9$ 9 section    

#cjh7d7 ( ! ,trade ,agreem5ts ,act (    
#aigd 7#ai ,u4,s4,c4 #beah7d771 ( any   
=eign c\ntry or in/rum5tality designat$ 
"u section #cja7;b7 ( t ,act 7#ai       
,u4,s4,c4 #beaa7;b774  7e7 ,rule (      
con/ruction ,?is section %all n be      
con/ru$ to limit ! use ( o!r rem$ies    
available to ! head ( an executive ag5cy
 or any o!r (ficial ( ! ,f$]al ,gov]nm5t
 on ! basis ( a det]m9ation ( a false   
c]tification "u subsection 7a74  7f7    
,applicability ,! revisions to ! ,f$]al 
,acquisition ,regulation requir$ "u     
subsection 7a7 %all apply ) respect to  
contracts = :i* solicitations are issu$ 
on or aft] ! date ( ! enactm5t ( !      
,sanction ,iran1 ,safegu>d ,am]ica ,act 
( #bjad4  7g7 ,gov]nm5t ,acc\ntability  
,(fice report ,n lat] ?an #cj days aft] 
! date ( ! enactm5t ( ! ,sanction ,iran1
 ,safegu>d ,am]ica ,act ( #bjad1 & e #cj
 days !reaft]1 ! ,comptroll] ,g5]al ( ! 
,unit$ ,/ates %all submit to !          
appropriate congressional committees a  
li/ ( all p]sons t are "p ( ! automotive

 sector ( any =eign c\ntry t--  7#a7    
dur+ ! #cj-;day p]iod prec$+ !          
submission ( ! report1 h conduct$ a     
transaction ) an ,iranian p]son or any  
entity own$ or controll$ by an ,iranian 
p]son2 or  7#b7 h a bus9ess relation%ip 
) ! ,gov]nm5t ( ,iran4  7h7 ,def9itions 
,9 ?is section3 7#a7 ,executive ag5cy ,!
 t]m executive ag5cy has ! mean+ giv5 t 
t]m 9 section #acc ( title #da1 ,unit$  
,/ates ,code4  7#b7 ,f$]al ,acquisition 
,regulation ,! t]m ,f$]al ,acquisition  
,regulation means ! regulation issu$    
pursuant to section #acjc7;a77#a7 (     
title #da1 ,unit$ ,/ates ,code4  4  7b7 
,def9itions ,section #abdb ( ! ,iran    
,fre$om & ,c\nt]-,prolif]ation ,act (   
#bjab 7#bb ,u4,s4,c4 #hhja7 is am5d$--  
7#a7 9 subsection 7a7-- 7,a7 by         
r$esignat+ p>agraphs 7#g7 ?r\gh 7#ad7 z 
p>agraphs 7#i7 ?r\gh 7#af71             
respectively2  7,b7 by r$esignat+       
p>agraphs 7#c7 ?r\gh 7#f7 z p>agraphs   
7#d7 ?r\gh 7#g71 respectively2  7,c7 by 
ins]t+ aft] p>agraph 7#b7 ! foll[+3     

7#c7 ,automotive sector ,! t]m          
automotive sector means1 ) respect to a 
c\ntry1 ! foll[+3 7,a7 ,! manufactur+ or
 assembl+ 9 t c\ntry ( vehicles1 includ+
 pass5g] c>s1 trucks1 buses1 m9ibuses1  
pick-up trucks1 & motorcycles4  7,b7 ,! 
manufactur+ 9 t c\ntry ( orig9al        
equipm5t relat+ to su* vehicles4  7,c7  
,! manufactur+ 9 t c\ntry ( aft]-m>ket  
p>ts relat+ to su* vehicles4  2 &  7,d7 
by ins]t+ aft] p>agraph 7#g71 z         
r$esignat$ by subp>agraph 7,b71 !       
foll[+3  7#h7 ,iranian depository       
in/itution ,! t]m ,iranian depository   
in/itution means an entity t-- 7,a7 is--
 7i7 organiz$ "u ! laws ( ,iran or any  
jurisdiction )9 ,iran1 includ+ a =eign  
bran* ( su* an in/itution2  7ii7 locat$ 
9 ,iran2  7iii7 own$ or controll$ by !  
,gov]nm5t ( ,iran2 or  7iv7 own$ or     
controll$ by an entity describ$ 9 clause
 7i71 7ii71 or 7iii72 &  7,b7 is engag$ 
prim>ily 9 ! bus9ess ( bank+1 z det]m9$ 
by ! ,secret>y ( ! ,treasury4  2 &  7#b7
 9 subsection 7b7-- 7,a7 by /rik+       

f9ancial transactions or f9ancial       
s]vices & ins]t+ f9ancial transactions1 
f9ancial s]vices1 goods1 or o!r s]vices2
 &  7,b7 by ins]t+ 1 ) respect to       
f9ancial transactions or f9ancial       
s]vices1 aft] includ+4  #f4 ,expansion (
 sanctions ) respect to =eign f9ancial  
in/itutions t facilitate f9ancial       
transactions ) specially designat$      
nationals ,section #abdg7;a7 ( ! ,iran  
,fre$om & ,c\nt]-,prolif]ation ,act (   
#bjab 7#bb ,u4,s4,c4 #hhjf7;a77 is am5d$
 by /rik+ ! ,presid5t det]m9es has & all
 t foll[s ?r\gh ! p]iod at ! end &      
ins]t+ 8! ,presid5t det]m9es has--  7#a7
 on or aft] ! date t is #ahj days aft] !
 date ( ! enactm5t ( ?is ,act1 kn[+ly   
facilitat$ a significant f9ancial       
transaction on behalf ( any ,iranian    
p]son includ$ on ! li/ ( specially      
designat$ nationals & block$ p]sons     
ma9ta9$ by ! ,(fice ( ,=eign ,assets    
,control ( ! ,dep>tm5t ( ! ,treasury    
7o!r ?an an ,iranian f9ancial in/itution
 describ$ 9 subsection 7b772 or  7#b7 on

 or aft] ,june #a1 #bjac1 kn[+ly        
facilitat$ a significant f9ancial       
transaction on behalf ( any p]son       
includ$ on su* li/ ^: prop]ty & int]e/s 
9 prop]ty are block$ pursuant to section
 #abdg;,a or ,executive ,ord] #aceii    
7#gh ,f$4 ,reg4 #cc1iea7 7o!r ?an an    
,iranian depository in/itution ^:       
prop]ty & int]e/s 9 prop]ty are block$  
solely pursuant to ,executive ,ord]     
#aceii74  4  #g4 ,t]m9ation ( loophole  
all[+ importation ( ref9$ petroleum     
products made f ,iranian orig9 crude oil
  7a7 ,9 g5]al ,section #ajc7;b77#a7 ( !
 ,compreh5sive ,iran ,sanctions1        
,acc\ntability1 & ,dive/m5t ,act ( #bjaj
 7#bb ,u4,s4,c4 #heab7;b77#a77 is am5d$ 
by add+ at ! end ! foll[+3  7,c7        
,application to ref9$ petroleum products
 made f ,iranian orig9 crude oil ,!     
prohibition 9 subp>agraph 7,a7 includes 
a prohibition on ! importation into !   
,unit$ ,/ates ( ref9$ petroleum products
 produc$ us+ ,iranian orig9 crude oil   
)\t reg>d to :e!r su* crude oil 0       

comm+l$ ) crude oil n ( ,iranian orig9  
dur+ ! process ( produc+ ! ref9$        
petroleum products4  4  7b7 ,t]m9ation (
 regulatory exceptions  7#a7 ,9 g5]al   
,section #ajc7;d7 ( ! ,compreh5sive     
,iran ,sanctions1 ,acc\ntability1 &     
,dive/m5t ,act ( #bjaj 7#bb ,u4,s4,c4   
#heab7;d77 is am5d$ to read z foll[s3   
7d7 ,regulatory au?ority  7#a7 ,9 g5]al 
,! ,presid5t %all prescribe regulations 
to c>ry out ?is section4  7#b7          
,prohibition on regulatory exceptions   
,no exception to ! prohibition "u       
subsection 7b77#a7 may be made by       
regulation4  4  7#b7 ,t]m9ation (       
exceptions ,any regulatory exception to 
! prohibition "u section #ajc7;b77#a7 ( 
! ,compreh5sive ,iran ,sanctions1       
,acc\ntability1 & ,dive/m5t ,act ( #bjaj
 7#bb ,u4,s4,c4 #heab7;b77#a77 9 effect 
on ! day be=e ! date ( ! enactm5t ( ?is 
,act %all cease to be 9 effect on & aft]
 su* date ( enactm5t4  #h4              
,applicability ( sanctions ) respect to 
petroleum transactions  7a7 ,9 g5]al    

,section #abde7;d77#d77;,d77i7 ( !      
,national ,def5se ,au?orization ,act =  
,fiscal ,ye> #bjab 7#bb ,u4,s4,c4       
#heac;a7d77#d77;,d77i77 is am5d$-- 7#a7 
9 subclause 7,i71 by /rik+ r$uc$ r$uc$  
its volume ( crude oil pur*ases f ,iran 
& ins]t+ r$uc$ ! volume ( its pur*ases (
 petroleum f ,iran or ( ,iranian orig92 
&  7#b7 9 subclause 7,,ii71 by /rik+    
crude oil pur*ases f ,iran & ins]t+     
pur*ases ( petroleum f ,iran or (       
,iranian orig94  7b7 ,def9itions        
,section #abde7;h7 ( ! ,national ,def5se
 ,au?orization ,act = ,fiscal ,ye> #bjab
 7#bb ,u4,s4,c4 #heac;a7h77 is am5d$--  
7#a7 by r$esignat+ p>agraphs 7#c7 & 7#d7
 z p>agraphs 7#e7 & 7#f71 respectively2 
&  7#b7 by ins]t+ aft] p>agraph 7#b7 !  
foll[+3  7#c7 ,iranian orig9 ,! t]m     
,iranian orig91 ) respect to petroleum1 
means extract$1 produc$1 or ref9$ 9     
,iran4  7#d7 ,petroleum ,! t]m petroleum
 includes crude oil1 lease cond5sates1  
fuel oils1 & o!r unf9i%$ oils4  4  7c7  
,con=m+ am5dm5ts ,section #ajb7;b7 ( !  

,iran ,?reat ,r$uction & ,syria ,human  
,rights ,act ( #bjab 7#bb ,u4,s4,c4     
#hgab7;b77 is am5d$-- 7#a7 9 p>agraph   
7#c7-- 7,a7 by /rik+ crude oil pur*ases 
f ,iran & ins]t+ pur*ases ( petroleum f 
,iran or ( ,iranian orig92 &  7,b7 by   
/rik+ z am5d$ by section #ejd12 &  7#b7 
9 p>agraph 7#d71 by /rik+ crude oil     
pur*ases & ins]t+ pur*ases ( petroleum f
 ,iran or ( ,iranian orig94  7d7        
,effective date ,! am5dm5ts made by ?is 
section %all apply ) respect to         
det]m9ations "u section                 
#abde7;d77#d77;,d77i7 ( ! ,national     
,def5se ,au?orization ,act = ,fiscal    
,ye> #bjab 7#bb ,u4,s4,c4               
#heac;a7d77#d77;,d77i77 on or aft] !    
date t is #ij days aft] ! date ( !      
enactm5t ( ?is ,act4  #i4 ,sanctions )  
respect to prolif]ators ( weapons ( mass
 de/ruction  7a7 ,9 g5]al ,! ,presid5t  
%all block & prohibit all transactions 9
 prop]ty & int]e/s 9 prop]ty ( a p]son !
 ,presid5t det]m9es kn[+ly1 on or aft]  
,june #bi1 #bjje1 provides1 or attempts 

to provide1 f9ancial1 mat]ial1          
te*nological or o!r support =1 or goods 
or s]vices 9 support (1 any activity or 
transaction describ$ 9 subsection 7b7 or
 any p]son ^: prop]ty & int]e/s 9       
prop]ty are block$ pursuant to          
,executive ,ord] #acchb 7#gj ,f$4 ,reg4 
#ch1efg2 relat+ to block+ prop]ty (     
weapons ( mass de/ruction prolif]ators &
 _! support]s71 if su* prop]ty & int]e/s
 9 prop]ty are 9 ! ,unit$ ,/ates1 come  
)9 ! ,unit$ ,/ates1 or are or come )9 ! 
possession or control ( a ,unit$ ,/ates 
p]son4  7b7 ,activities & transactions  
describ$ ,an activity or transaction    
describ$ 9 ?is subsection is an activity
 or transaction t has mat]ially         
contribut$ to1 or poses a risk (        
mat]ially contribut+ to1 ! prolif]ation 
( weapons ( mass de/ruction or ! means (
 deliv]y ( su* weapons 7includ+ missiles
 capable ( deliv]+ su* weapons71 includ+
 any ef=ts to manufacture1 acquire1     
possess1 develop1 transport1 transf] or 
use su* weapons or means ( deliv]y1 by  

any p]son or =eign c\ntry ! ,presid5t   
det]m9es to be ( prolif]ation conc]n4   
7c7 ,unit$ ,/ates p]son def9$ ,9 ?is    
section1 ! t]m ,unit$ ,/ates p]son has !
 mean+ giv5 t t]m 9 section #aja ( !    
,compreh5sive ,iran ,sanctions1         
,acc\ntability1 & ,dive/m5t ,act ( #bjaj
 7#bb ,u4,s4,c4 #heaa74  #aj4           
,prohibition on fund+ = negotiations )  
,iran )\t cons5t ( ,congress ,no funds  
au?oriz$ to be appropriat$ = fiscal ye> 
#bjad or any fiscal ye> !reaft] may be  
obligat$ or exp5d$ to p>ticipate 9 a    
diplomatic negotiation ) ,iran until !  
date ( ! enactm5t ( a jo9t resolution   
c]tify+ t-- 7#a7 ! ,gov]nm5t ( ,iran has
 fre$ all ,am]ican prison]s ( consci5ce 
:o are be+ unju/ly held 9 ,iranian      
jails2  7#b7 ! ,gov]nm5t ( ,iran is     
comply+ ) all inspections conduct$ by ! 
,int]national ,atomic ,en]gy ,ag5cy to  
fulfill its obligations "u ! ,treaty on 
! ,non-,prolif]ation ( ,nucle> ,weapons1
 done at ,wa%+ton1 ,london1 & ,mosc[    
,july #a1 #aifh1 & ent]$ into =ce ,m>*  

#e1 #aigj 7commonly kn[n z ! ,nucle>    
,non-,prolif]ation ,treaty71 to :i*     
,iran is a p>ty2  7#c7 ! ,unit$ ,/ates c
 v]ifiably det]m9e1 ?r\gh c]tification  
by ! ,int]national ,atomic ,en]gy       
,ag5cy1 t ! ,gov]nm5t ( ,iran-- 7,a7 has
 dismantl$ its nucle> program 9 its     
entirety1 includ+ all c5trifuges1       
capabilities1 & facilities = enri*m5t & 
reprocess+ ( uranium & plutonium2  7,b7 
has rel9qui%$ all /ockpiles ( enri*$    
uranium2 &  7,c7 does n h any balli/ic  
missiles ) a range ( #cjj kilomet]s or m
 & a payload ( #ejj kilograms or m & has
 dismantl$ its rese>* & developm5t      
programs = su* weapons2  7#d7 !         
,secret>y ( ! ,treasury no long] f9ds t 
! ,c5tral ,bank ( ,iran is a f9ancial   
in/itution ( prim>y money laund]+ conc]n
 pursuant to section #ecah;,a ( title   
#ca1 ,unit$ ,/ates ,code2 &  7#e7 !     
,gov]nm5t ( ,iran has demon/rat$ its    
r5unciation ( /ate-sponsor$ t]rorism by 
ackn[l$g+ its p>ticipation 91 assi/+ !  
inve/igation1 if any1 into1 rel9qui%+   

any suspects curr5tly h>bor$ by !       
,gov]nm5t ( ,iran1 & accept+ legal      
responsibility =-- 7,a7 ! bomb+ ( !     
,israeli embassy 9 ,bu5os ,aires1       
,arg5t9a1 on ,m>* #ag1 #aiib2  7,b7 !   
bomb+ ( ! ,_w ,trade ,c5t] 9 ,new ,york 
on ,febru>y #bf1 #aiic2  7,c7 ! bomb+ ( 
! ,asociacin ,mutual ,israelita ,arg5t9a
 ,jewi% ,community ,c5t] 9 ,bu5os       
,aires1 ,arg5t9a1 on ,july #ah1 #aiid2 &
  7,d7 ! bomb+ ( ! ,khob> ,t[]s 9       
,khob>1 ,saudi ,arabia1 on ,june #be1   
#aiif4