,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #gcba  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,decemb] #ag1         
#bjah,mr4 ,gallagh] 7= himself1 ,ms4    
,/efanik1 ,mrs4 ,walorski1 ,mr4         
,lamborn1 ,mr4 ,k+ ( ,new ,york1 ,mr4   
,bacon1 & ,mr4 ,banks ( ,indiana7       
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,=eign ,affairs1 & 9   
addition to ! ,committees on ,f9ancial  
,s]vices1 ! ,judici>y1 ,ways & ,means1 &
 ,ov]sight & ,gov]nm5t ,re=m1 = a p]iod 
to be subsequ5tly det]m9$ by ! ,speak]1 
9 ea* case = consid]ation ( su*         
provisions z fall )9 ! jurisdiction ( ! 
committee conc]n$  ,a ,,bill  ,to impose
 sanctions ) respect to ,iranian        
f9ancial in/itutions & ! developm5t &   
use ( ,iranian digital curr5cy1 & = o!r 
purposes4  #a4 ,%ort title2 table (     
cont5ts  7a7 ,%ort title ,?is ,act may  
be cit$ z ! ,block+ ,iran ,illicit      
,f9ance ,act4  7b7 ,table ( cont5ts ,!  
table ( cont5ts = ?is ,act is z foll[s3 
,sec4 #a4 ,%ort title2 table ( cont5ts4 

,,title ,i--,/r5g!n+ exi/+ sanctions )  
respect to ,iran to acc\nt = all        
sanctionable activity1 includ+ human    
rights abuses ,sec4 #aja4 ,f9d+s4 ,sec4 
#ajb4 ,expansion ( prohibitions on      
correspond5t acc\nts or payable-?r\gh   
acc\nts = =eign f9ancial in/itutions t  
facilitate transactions or provide      
f9ancial s]vices = c]ta9 ,iranian       
f9ancial in/itutions4 ,sec4 #ajc4       
,expansion ( sanctions ) respect to     
p]sons kn[+ly & directly provid+        
specializ$ f9ancial messag+ s]vices to1 
or enabl+ or facilitat+ direct or       
indirect access to su* messag+ s]vices  
=1 ! ,c5tral ,bank ( ,iran1 o!r         
designat$ ,iranian banks1 or ,iranian   
f9ancial in/itutions remov$ f ! li/ (   
specially designat$ p]sons pursuant to !
 implem5tation ( ! ,jo9t ,compreh5sive  
,plan ( ,action4 ,,title ,,ii--,new     
sanctions au?orities ) respect to       
,iranian banks ,sec4 #bja4 ,f9d+s4 ,sec4
 #bjb4 ,issuance ( f9al rule reg>d+     
application ( special measures ) respect

 to ,iran 9 connection ) designation z  
jurisdiction ( prim>y money laund]+     
conc]n4 ,sec4 #bjc4 ,imposition (       
sanctions ) respect to f9ancial sector (
 ,iran4 ,sec4 #bjd4 ,au?orization (     
imposition ( t]rorism-relat$ sanctions )
 respect to ,iranian f9ancial           
in/itutions4 ,,title ,,iii--,sanctions )
 respect to ! developm5t & use (        
,iranian digital curr5cy ,sec4 #cja4    
,def9itions4 ,sec4 #cjb4 ,f9d+s4 ,sec4  
#cjc4 ,prohibition on transactions      
relat$ to1 provision ( f9anc+ =1 & o!r  
deal+s 9 ,iranian digital curr5cy4 ,sec4
 #cjd4 ,sanctions ) respect to =eign    
p]sons t engage 9 significant           
transactions = ! sale1 supply1 or       
transf] to ,iran ( significant goods or 
s]vices us$ 9 connection ) ! developm5t 
( ,iranian digital curr5cy4 ,sec4 #cje4 
,sanctions ) respect to =eign p]sons t  
conduct or facilitate significant       
transactions relat$ to ! pur*ase or sale
 ( ,iranian digital curr5cy or ma9ta9   
significant am\nts 9 ,iranian digital   

curr5cy4 ,sec4 #cjf4 ,report on progress
 ( ,gov]nm5t ( ,iran 9 creat+ a sov]eign
 cryptocurr5cy4  ,i ,/r5g!n+ exi/+      
sanctions ) respect to ,iran to acc\nt =
 all sanctionable activity1 includ+     
human rights abuses  #aja4 ,f9d+s       
,congress f9ds ! foll[+3 7#a7 ,on       
,novemb] #e1 #bjah1 ! ,secret>y ( !     
,treasury = ! fir/ "t sanction$ ,iranian
 banks = hav+ mat]ially assi/$1         
sponsor$1 or provid$ f9ancial1 mat]ial1 
or te*nological support =1 or goods or  
s]vices to or 9 support ( ! human rights
 abuses ( ! ,gov]nm5t ( ,iran1 includ+--
  7,a7 ,ghavam9 ,bank1 = provid+ s]vices
 to ! ,law ,en=cem5t ,=ces ( ,iran1 :i* 
_h be5 designat$ = complicity 9 s]i\s   
human rights abuses 9 ,iran1 includ+    
op]at+ det5tion c5t]s :]e deta9$        
prote/ors 7 depriv$ ( basic ne$s su* z  
m$ical c>e2 &  7,b7 ,ay&eh ,bank1 =     
provid+ s]vices to ! ,islamic ,republic 
( ,iran ,broadca/+1 ,iran's /ate-m$ia   
app>atus1 :i* _h be5 designat$ =        
re/rict+ or d5y+ ! free fl[ ( in=mation 

to or f ! ,iranian p ''' & 0 implicat$ 9
 c5sor+ multiple m$ia outlets & air+ =c$
 confessions f political deta9ees4  7#b7
 ,section #bbj ( ! ,iran ,?reat         
,r$uction & ,syria ,human ,rights ,act (
 #bjab 7#bb ,u4,s4,c4 #hgbf7 au?orizes !
 imposition ( sanctions ) respect to    
p]sons :o kn[+ly & directly provide     
specializ$ f9ancial messag+ s]vices to1 
or kn[+ly enable or facilitate direct or
 indirect access to su* messag+ s]vices 
=1 ! ,c5tral ,bank ( ,iran or c]ta9 o!r 
sanction$ ,iranian f9ancial in/itutions4
  #ajb4 ,expansion ( prohibitions on    
correspond5t acc\nts or payable-?r\gh   
acc\nts = =eign f9ancial in/itutions t  
facilitate transactions or provide      
f9ancial s]vices = c]ta9 ,iranian       
f9ancial in/itutions ,section           
#ajd7;c77#b77;,e7 ( ! ,compreh5sive     
,iran ,sanctions1 ,acc\ntability1 &     
,dive/m5t ,act ( #bjaj 7#bb ,u4,s4,c4   
#heac7;c77#b77;,e77 is am5d$--  7#a7 9  
clause 7i71 by /rik+ or at ! end2  7#b7 
9 clause 7ii77,,ii71 by /rik+ ! p]iod at

 ! end & ins]t+ 2 or2 &  7#c7 by add+ at
 ! end ! foll[+3  7iii7 an ,iranian     
f9ancial in/itution includ$ on ! li/ (  
specially designat$ nationals & block$  
p]sons ma9ta9$ by ! ,(fice ( ,=eign     
,assets ,control ( ! ,dep>tm5t ( !      
,treasury4  4  #ajc4 ,expansion (       
sanctions ) respect to p]sons kn[+ly &  
directly provid+ specializ$ f9ancial    
messag+ s]vices to1 or enabl+ or        
facilitat+ direct or indirect access to 
su* messag+ s]vices =1 ! ,c5tral ,bank (
 ,iran1 o!r designat$ ,iranian banks1 or
 ,iranian f9ancial in/itutions remov$ f 
! li/ ( specially designat$ p]sons      
pursuant to ! implem5tation ( ! ,jo9t   
,compreh5sive ,plan ( ,action  7a7 ,9   
g5]al ,section #bbj ( ! ,iran ,?reat    
,r$uction & ,syria ,human ,rights ,act (
 #bjab 7#bb ,u4,s4,c4 #hgbf7 is am5d$-- 
7#a7 9 ! section head]1 by /rik+        
au?orization (2  7#b7 9 subsection 7b7--
  7,a7 9 p>agraph 7#a7-- 7i7 9          
subp>agraph 7,a71 by /rik+ or a f9ancial
 in/itution describ$ 9 section          

#ajd7;c77#b77;,e77ii7 ( ! ,compreh5sive 
,iran ,sanctions1 ,acc\ntability1 &     
,dive/m5t ,act ( #bjaj 7#bb ,u4,s4,c4   
#heac7;c77#b77;,e77ii77 & ins]t+ 1 a    
f9ancial in/itution describ$ 9 clause   
7ii7 or 7iii7 ( section                 
#ajd7;c77#b77;,e7 ( ! ,compreh5sive     
,iran ,sanctions1 ,acc\ntability1 &     
,dive/m5t ,act ( #bjaj 7#bb ,u4,s4,c4   
#heac7;c77#b77;,e771 or a f9ancial      
in/itution t 0 remov$ f ! li/ (         
specially designat$ nationals & block$  
p]sons ma9ta9$ by ! ,(fice ( ,=eign     
,assets ,control ( ! ,dep>tm5t ( !      
,treasury pursuant to ! implem5tation ( 
! ,jo9t ,compreh5sive ,plan ( ,action2 &
  7ii7 9 subp>agraph 7,b71 by /rik+ t   
section & ins]t+ subp>agraph 7,a72 &    
7,b7 9 p>agraph 7#b71 by /rik+ or a     
f9ancial in/itution describ$ 9 section  
#ajd7;c77#b77;,e77ii7 ( ! ,compreh5sive 
,iran ,sanctions1 ,acc\ntability1 &     
,dive/m5t ,act ( #bjaj 7#bb ,u4,s4,c4   
#heac7;c77#b77;,e77ii77 & ins]t+ 1 a    
f9ancial in/itution describ$ 9 clause   

7ii7 or 7iii7 ( section                 
#ajd7;c77#b77;,e7 ( ! ,compreh5sive     
,iran ,sanctions1 ,acc\ntability1 &     
,dive/m5t ,act ( #bjaj 7#bb ,u4,s4,c4   
#heac7;c77#b77;,e771 or a f9ancial      
in/itution t 0 remov$ f ! li/ (         
specially designat$ nationals & block$  
p]sons ma9ta9$ by ! ,(fice ( ,=eign     
,assets ,control ( ! ,dep>tm5t ( !      
,treasury pursuant to ! implem5tation ( 
! ,jo9t ,compreh5sive ,plan ( ,action2  
7#c7 9 subsection 7c7-- 7,a7 9 !        
subsection head]1 by /rik+ ,au?orization
 ( imposition & ins]t+ ,imposition2     
7,b7 9 p>agraph 7#a7-- 7i7 by /rik+ !   
date t is #ij days aft] ! date ( !      
enactm5t ( ?is ,act & ins]t+ ! date ( ! 
enactm5t ( ! ,block+ ,iran ,illicit     
,f9ance ,act2  7ii7 by /rik+ or a       
f9ancial in/itution describ$ 9 p>agraph 
7#b77;,e77ii7 ( section #ajd7;c7 ( !    
,compreh5sive ,iran ,sanctions1         
,acc\ntability1 & ,dive/m5t ,act ( #bjaj
 7#bb ,u4,s4,c4 #heac7;c77 & ins]t+ 1 a 
f9ancial in/itution describ$ 9 clause   

7ii7 or 7iii7 ( p>agraph 7#b77;,e7 (    
section #ajd7;c7 ( ! ,compreh5sive ,iran
 ,sanctions1 ,acc\ntability1 & ,dive/m5t
 ,act ( #bjaj 7#bb ,u4,s4,c4 #heac7;c771
 or a f9ancial in/itution t 0 remov$ f !
 li/ ( specially designat$ nationals &  
block$ p]sons ma9ta9$ by ! ,(fice (     
,=eign ,assets ,control ( ! ,dep>tm5t ( 
! ,treasury pursuant to ! implem5tation 
( ! ,jo9t ,compreh5sive ,plan ( ,action2
 &  7iii7 by /rik+ ! ,presid5t may &    
ins]t+ ! ,presid5t %all2 &  7,c7 9      
p>agraph 7#b7--  7i7 9 ! matt] prec$+   
subp>agraph 7,a71 by /rik+ section      
#ajd7;c77#b77;,e77ii7 ( ! ,compreh5sive 
,iran ,sanctions1 ,acc\ntability1 &     
,dive/m5t ,act ( #bjaj 7#bb ,u4,s4,c4   
#heac7;c77#b77;,e77ii77 & ins]t+ t      
p>agraph2 &  7ii7 9 subp>agraph         
7,a77ii77,i71 by /rik+ section          
#ajd7;c77#b77;,e77ii7 ( ! ,compreh5sive 
,iran ,sanctions1 ,acc\ntability1 &     
,dive/m5t ,act ( #bjaj 7#bb ,u4,s4,c4   
#heac7;c77#b77;,e77ii77 & ins]t+        
p>agraph 7#a72 &  7#d7 by add+ at ! end 

! foll[+3  7e7 ,jo9t ,compreh5sive ,plan
 ( ,action def9$ ,9 ?is section1 ! t]m  
,jo9t ,compreh5sive ,plan ( ,action     
means ! ,jo9t ,compreh5sive ,plan (     
,action agre$ to at ,vi5na on ,july #ad1
 #bjae1 by ,iran & by ,france1 ,g]many1 
! ,russian ,f$]ation1 ! ,p's ,republic (
 ,*9a1 ! ,unit$ ,k+dom1 & ! ,unit$      
,/ates1 & all implem5t+ mat]ials &      
agreem5ts relat$ to ! ,jo9t             
,compreh5sive ,plan ( ,action4  4  7b7  
,cl]ical am5dm5t ,! table ( cont5ts = ! 
,iran ,?reat ,r$uction & ,syria ,human  
,rights ,act ( #bjab is am5d$ by /rik+ !
 item relat+ to section #bbj & ins]t+ ! 
foll[+3  ,sec4 #bbj4 ,reports on1 &     
imposition ( sanctions ) respect to1 !  
provision ( specializ$ f9ancial messag+ 
s]vices to ! ,c5tral ,bank ( ,iran & o!r
 sanction$ ,iranian f9ancial            
in/itutions4  4  ,,ii ,new sanctions    
au?orities ) respect to ,iranian banks  
#bja4 ,f9d+s ,congress f9ds ! foll[+3   
7#a7 ,on ,may #h1 #bjah1 ! ,presid5t    
issu$ ,national ,security ,presid5tial  

,memor&um #aa entitl$ ,ceas+ ,unit$     
,/ates ,p>ticipation 9 ! ,jo9t          
,compreh5sive ,plan ( ,action & ,tak+   
,additional ,action to ,c\nt] ,iran's   
,malign ,influ5ce & ,d5y ,iran ,all     
,pa?s to a ,nucle> ,weapon1 t--  7,a7   
e/abli%$ t x is 9 ! national int]e/ ( ! 
,unit$ ,/ates to re-impose sanctions    
lift$ or waiv$ 9 connection ) ! ,,jcpoa 
z exp$iti\sly z possible2 &  7,b7       
in/ruct$ ! ,secret>y ( ,/ate & !        
,secret>y ( ! ,treasury to imm$iately   
beg9 tak+ /eps to reimpose all ,unit$   
,/ates sanctions lift$ or waiv$ 9       
connection ) ! ,,jcpoa1 includ+ ^? "u ! 
,national ,def5se ,au?orization ,act =  
,fiscal ,ye> #bjab1 ! ,iran ,sanctions  
,act ( #aiif1 ! ,iran ,?reat ,r$uction &
 ,syria ,human ,rights ,act ( #bjab1 & !
 ,iran ,fre$om & ,c\nt]prolif]ation ,act
 ( #bjab4  7#b7 ,section #abde7;b7 ( !  
,national ,def5se ,au?orization ,act =  
,fiscal ,ye> #bjab 7#bb ,u4,s4,c4       
#heac;a7b77 designat$ ! f9ancial sector 
( ,iran1 includ+ ! ,c5tral ,bank (      

,iran1 z a jurisdiction ( prim>y money  
laund]+ conc]n = purposes ( section     
#ecah;,a ( title #ca1 ,unit$ ,/ates     
,code1 because ( ! ?reat to gov]nm5t &  
f9ancial in/itutions result+ f ! illicit
 activities ( ! ,gov]nm5t ( ,iran1      
includ+ its pursuit ( nucle> weapons1   
support = int]national t]rorism1 & ef=ts
 to deceive responsible f9ancial        
in/itutions & evade sanctions4  7#c7    
,s9ce ,octob] #bjjg1 ! ,f9ancial ,action
 ,task ,=ce1 an int]gov]nm5tal          
organization t sets /&>ds & promotes    
implem5tation ( measures to combat money
 laund]+1 t]rori/ f9anc+1 & relat$      
?reats to ! integrity ( ! int]national  
f9ancial sy/em1 id5tifi$ ,iran z pos+ a 
significant vuln]ability )9 !           
int]national f9ancial sy/em due to      
defici5cies 9 ,iran's antimoney laund]+ 
ef=ts & ef=ts to combat ! f9anc+ (      
t]rorism 7collectively kn[n z ,iran's   
,,aml_/,,cft regime74  7#d7 ,on ,novemb]
 #be1 #bjaa1 ! ,secret>y ( ! ,treasury  
issu$ a f9d+ "u section #ecah;,a ( title

 #ca1 ,unit$ ,/ates ,code1 t reasonable 
gr\nds exi/ = conclud+ t ,iran is a     
jurisdiction ( prim>y money laund]+     
conc]n4  7#e7 ,s9ce ,june #bjaf1 !      
,f9ancial ,action ,task ,=ce has welcom$
 ,iran's high-level political commitm5t 
to address its /rategic ,,aml_/,,cft    
defici5cies1 & its decision to seek     
te*nical assi/ance 9 ! implem5tation ( !
 ,action ,plan1 b--  7,a7 on ,septemb]  
#b1 #bjag1 ,iranian ,def5se ,m9i/] ,amir
 ,hatami /at$ t ,iran w\ld increase its 
support = t]rori/ gr\ps su* z           
,hezbollah1 /at+ t p]haps ! ma9 fe> ( ! 
arrogant p[]s ab\t our relation%ip ) !  
resi/ance axis is t !y d n want su* a   
patt]n to see ! light ( day2  7,b7 on   
,octob] #h1 #bjah1 ! ,iranian p>liam5t  
approv$ a bill au?oriz+ ,iran to jo9 !  
,int]national ,conv5tion = !            
,suppression ( ! ,f9anc+ ( ,t]rorism1 b 
includ$ exemptions = cont9u$ f9anc+ (   
t]ror organizations su* z ,hamas &      
,hezbollah2 &  7,c7 on ,octob] #ai1     
#bjah1 ! ,f9ancial ,action ,task ,=ce   

issu$ a /atem5t not+ t ,iran's action   
plan expir$ 9 ,janu>y #bjah ''' & !     
majority ( ! ,action ,plan rema9s out/&+
 ''' ,until ,iran implem5ts ! measures  
requir$ to address ! defici5cies        
id5tifi$ 9 ! ,action ,plan1 ! ,,fatf w  
rema9 conc]n$ ) ! t]rori/ f9anc+ risk   
emanat+ f ,iran & ! ?reat ?is poses to !
 int]national f9ancial sy/em44  7#f7 ,on
 ,octob] #aa1 #bjah1 ! ,f9ancial ,crimes
 ,en=cem5t ,network issu$ an advisory t 
,"s ( ! me?ods us$ by ! ,iranian regime 
to access ! f9ancial sy/em ?r\gh cov]t  
means & to fur!r its malign activities  
include misus+ banks & ex*ange h\ses1   
op]at+ procurem5t networks t utilize    
front or %ell companies1 exploit+       
comm]cial %ipp+1 & mask+ illicit        
transactions us+ s5ior (ficials '''     
,fin,c,e,n expects t ,iranian f9ancial  
in/itutions1 ! ,iranian regime1 & its   
(ficials w increase _! ef=ts to evade   
,u4,s4 sanctions to fund malign         
activities & secure h>d curr5cy = !     
,gov]nm5t ( ,iran1 foll[+ !             

re-imposition ( sanctions lift$ "u !    
,,jcpoa44  #bjb4 ,issuance ( f9al rule  
reg>d+ application ( special measures ) 
respect to ,iran 9 connection )         
designation z jurisdiction ( prim>y     
money laund]+ conc]n ,n lat] ?an #ij    
days aft] ! date ( ! enactm5t ( ?is     
,act1 ! ,secret>y ( ! ,treasury %all    
issue a f9al rule pursuant to section   
#ecah;,a ( title #ca1 ,unit$ ,/ates     
,code1 t--  7#a7 applies ! measures     
describ$ 9 p>agraph 7#e7 ( subsection   
7b7 ( t section ) respect to ,iran2 &   
7#b7 applies su* o!r measures describ$ 9
 t subsection ) respect to ,iran z !    
,secret>y consid]s appropriate4  #bjc4  
,imposition ( sanctions ) respect to    
f9ancial sector ( ,iran  7a7 ,sanctions 
) respect to sectors ( ! economy ( ,iran
  7#a7 ,9 g5]al ,section #abdd ( ! ,iran
 ,fre$om & ,c\nt]-,prolif]ation ,act (  
#bjab 7#bb ,u4,s4,c4 #hhjc7 is am5d$--  
7,a7 9 ! section head]1 by /rik+ &      
%ipbuild+ & ins]t+ %ipbuild+1 &         
f9ancial2  7,b7 9 subsection 7a77#a71 by

 /rik+ & %ipbuild+ & ins]t+ %ipbuild+1 &
 f9ancial2  7,c7 9 subsection 7b7--  7i7
 9 ! subsection head]1 by /rik+ &       
%ipbuild+ & ins]t+ %ipbuild+1 &         
f9ancial2 &  7ii7 by /rik+ & %ipbuild+ &
 ins]t+ %ipbuild+1 & f9ancial2  7,d7 9  
subsection 7c7-- 7i7 9 ! subsection     
head]1 by /rik+ & %ipbuild+ & ins]t+    
%ipbuild+1 & f9ancial2  7ii7 9 p>agraph 
7#b7-- 7,i7 9 subp>agraph 7,a71 by /rik+
 or %ipbuild+ & ins]t+ %ipbuild+1 or    
f9ancial2 &  7,,ii7 9 subp>agraph 7,c7--
 7aa7 9 clause 7i71 by /rik+ or         
%ipbuild+ & ins]t+ %ipbuild+1 or        
f9ancial2 &  7bb7 9 clause 7iii71 by    
/rik+ 7o!r ?an an ,iranian f9ancial     
in/itution describ$ 9 p>agraph 7#c772 & 
7iii7 by /rik+ p>agraph 7#c72 &  7,e7 9 
subsection 7d7-- 7i7 9 ! subsection     
head]1 by /rik+ & %ipbuild+ & ins]t+    
%ipbuild+1 & f9ancial2 &  7ii7 9        
p>agraph 7#c71 by /rik+ or %ipbuild+ &  
ins]t+ %ipbuild+1 or f9ancial4  7#b7    
,cl]ical am5dm5t ,! table ( cont5ts = ! 
,iran ,fre$om & ,c\nt]-,prolif]ation    

,act ( #bjab is am5d$ by /rik+ ! item   
relat+ to section #abdd & ins]t+ !      
foll[+3  ,sec4 #abdd4 ,imposition (     
sanctions ) respect to ! en]gy1 %ipp+1  
%ipbuild+1 & f9ancial sectors ( ,iran4  
4  7b7 ,sanctions ) respect to sale1    
supply1 or transf] ( c]ta9 mat]ials     
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 9 subsection 7a77#a77;,c77i7--  7i7
 9 subclause 7,i71 by /rik+ or %ipbuild+
 & ins]t+ %ipbuild+1 or f9ancial2 &     
7ii7 9 subclause 7,,ii71 by /rik+ 7o!r  
?an an ,iranian f9ancial in/itution     
describ$ 9 subsection 7b772  7,b7 by    
/rik+ subsection 7b72 &  7,c7 by        
r$esignat+ subsections 7c7 ?r\gh 7h7 z  
subsections 7b7 ?r\gh 7g71 respectively4
  7#b7 ,con=m+ am5dm5ts  7,a7 ,9 g5]al  
,su* section is fur!r am5d$-- 7i7 9     
subsection 7a77#a7--  7,i7 9 subp>agraph
 7,b7-- 7aa7 by /rik+ subsection 7d7 &  
ins]t+ subsection 7c72 &  7bb7 by /rik+ 
subsection 7e77#a7 & ins]t+ subsection  

7d77#a72 &  7,,ii7 9 subp>agraph 7,c7-- 
7aa7 9 ! matt] prec$+ clause 7i71 by    
/rik+ subsection 7d7 & ins]t+ subsection
 7c72 &  7bb7 9 clause 7i7-- 7,,aa7 9   
subclause 7,i71 by /rik+ subsection     
7e77#b7 & ins]t+ subsection 7d77#b72 &  
7,,bb7 9 subclause 7,,iii71 by /rik+    
subsection 7e77#c7 & ins]t+ subsection  
7d77#c72  7ii7 9 subsection 7d71 z      
r$esignat$ by p>agraph 7#a77;,c7-- 7,i7 
9 p>agraph 7#a77;,a71 by /rik+          
subsection 7d7 & ins]t+ subsection 7c72 
&  7,,ii7 9 p>agraph 7#c71 by /rik+     
subsection 7d7 & ins]t+ subsection 7c72 
&  7iii7 9 subsection 7e71 z s          
r$esignat$1 by /rik+ subsection 7a7 or  
7c7 & ins]t+ subsection 7a7 or 7b74     
7,b7 ,sanctions ) respect to und]writ+  
s]vices or insurance or re9surance      
,section #abdf7;a77#a77;,b77ii7 ( !     
,iran ,fre$om & ,c\nt]-,prolif]ation    
,act ( #bjab 7#bb ,u4,s4,c4             
#hhje7;a77#a77;,b77ii77 is am5d$ by     
/rik+ section #abde7;d7 & ins]t+ section
 #abde7;c74  7,c7 ,application ( ,iran  

,sanctions ,act ( #aiif ,section        
#abec7;c7 ( ! ,iran ,fre$om &           
,c\nt]-,prolif]ation ,act ( #bjab 7#bb  
,u4,s4,c4 #hhji7;c77 is am5d$ by /rik+  
#abde7;g7 & ins]t+ #abde7;f74  7c7      
,sanctions ) respect to und]writ+       
s]vices or insurance or re9surance  7#a7
 ,9 g5]al ,section #abdf ( ! ,iran      
,fre$om & ,c\nt]-,prolif]ation ,act (   
#bjab 7#bb ,u4,s4,c4 #hhje7 is am5d$--  
7,a7 9 subsection 7a77#a7--  7i7 9      
subp>agraph 7,b77i71 by /rik+ or        
%ipbuild+ & ins]t+ %ipbuild+1 or        
f9ancial2 &  7ii7 9 subp>agraph 7,c71 by
 /rik+ 7o!r ?an an ,iranian f9ancial    
in/itution describ$ 9 subsection 7b772  
7,b7 by /rik+ subsection 7b72 &  7,c7 by
 r$esignat+ subsections 7c71 7d71 & 7e7 
z subsections 7b71 7c71 & 7d71          
respectively4  7#b7 ,con=m+ am5dm5t     
,section #abec7;c7 ( ! ,iran ,fre$om &  
,c\nt]-,prolif]ation ,act ( #bjab 7#bb  
,u4,s4,c4 #hhji7;c77 is am5d$ by /rik+  
#abdf7;e7 & ins]t+ #abdf7;d74  #bjd4    
,au?orization ( imposition (            

t]rorism-relat$ sanctions ) respect to  
,iranian f9ancial in/itutions  7a7 ,9   
g5]al ,! ,compreh5sive ,iran ,sanctions1
 ,acc\ntability1 & ,dive/m5t ,act (     
#bjaj 7#bb ,u4,s4,c4 #heja et seq47 is  
am5d$ by ins]t+ aft] section #ajd;,a !  
foll[+3  #ajd;,b4 ,au?orization (       
imposition ( t]rorism-relat$ sanctions )
 respect to ,iranian f9ancial           
in/itutions  7a7 ,9 g5]al ,! ,presid5t  
may impose ! sanctions describ$ 9       
subsection 7b7 ) respect to an ,iranian 
f9ancial in/itution & any =eign p]son t 
is an (ficial1 ag5t1 or affiliate ( an  
,iranian f9ancial in/itution4  7b7      
,sanctions describ$ ,! sanctions        
describ$ 9 ?is subsection are sanctions 
applicable ) respect to a =eign p]son   
pursuant to ,executive ,ord] ,no4 #acbbd
 7#ej ,u4,s4,c4 #agja note2 relat+ to   
block+ prop]ty & prohibit+ transactions 
) p]sons :o commit1 ?reat5 to commit1 or
 support t]rorism74  7c7 ,iranian       
f9ancial in/itution def9$ ,9 ?is        
section1 ! t]m ,iranian f9ancial        

in/itution has ! mean+ giv5 t t]m 9     
section #ajd;,a7d77#c74  4  7b7 ,cl]ical
 am5dm5t ,! table ( cont5ts = !         
,compreh5sive ,iran ,sanctions1         
,acc\ntability1 & ,dive/m5t ,act ( #bjaj
 7#bb ,u4,s4,c4 #heja et seq47 is am5d$ 
by ins]t+ aft] ! item relat+ to section 
#ajd;,a ! foll[+3  ,sec4 #ajd;,b4       
,au?orization ( imposition (            
t]rorism-relat$ sanctions ) respect to  
,iranian f9ancial in/itutions4  4  ,,iii
 ,sanctions ) respect to ! developm5t & 
use ( ,iranian digital curr5cy  #cja4   
,def9itions ,9 ?is title3 7#a7          
,correspond5t acc\nt2 payable-?r\gh     
acc\nt ,! t]ms correspond5t acc\nt &    
payable-?r\gh acc\nt h ! mean+s giv5 ^? 
t]ms 9 section #ecah;,a ( title #ca1    
,unit$ ,/ates ,code4  7#b7 ,digital     
curr5cy ex*ange ,! t]m digital curr5cy  
ex*ange means any organization1         
association1 or gr\p ( p]sons1 :e!r     
incorporat$ or un9corporat$1 :i*        
con/itutes1 ma9ta9s1 or provides a m>ket
 place or facilities = br++ toge!r      

pur*as]s & sell]s ( digital curr5cies or
 = o!rwise p]=m+ ) respect to digital   
curr5cies ! functions commonly p]=m$ by 
an ex*ange z t t]m is g5]ally und]/ood1 
& includes ! m>ket place & ! m>ket      
facilities ma9ta9$ by su* digital       
curr5cy ex*ange4  7#c7 ,=eign p]son ,!  
t]m =eign p]son means a p]son t is n a  
,unit$ ,/ates p]son4  7#d7 ,iranian     
digital curr5cy ,! t]m ,iranian digital 
curr5cy means any digital curr5cy1      
digital co91 or digital tok5 t 0 issu$  
by1 =1 or on behalf ( ! ,gov]nm5t (     
,iran4  7#e7 ,unit$ ,/ates p]son ,! t]m 
,unit$ ,/ates p]son means any ,unit$    
,/ates citiz51 p]man5t resid5t ali51    
entity organiz$ "u ! laws ( ! ,unit$    
,/ates or any jurisdiction )9 ! ,unit$  
,/ates 7includ+ =eign bran*es71 or p]son
 9 ! ,unit$ ,/ates4  #cjb4 ,f9d+s       
,congress makes ! foll[+ f9d+s3 7#a7 ,on
 ,febru>y #ac1 #bjah1 ! ,"u ,secret>y ( 
! ,treasury = ,t]rorism & ,f9ancial     
,intellig5ce /at$ t ,rogue regimes l    
,v5ezuela exp]im5t ) & use digital &    

virtual curr5cies to hide _! ill-gott5  
ga9s & f9ance _! illicit activities4    
,rec5tly1 = example1 ,v5ezuela ann\nc$  
plans to create ! petro digital curr5cy 
to try & side/ep our p[]ful sanctions44 
7#b7 ,9 ,april #bjah1 ! ,m9i/] (        
,in=mation & ,communications ,te*nology 
( ,iran /at$ t ! exp]im5tal model 0     
ready = a digital curr5cy develop$ by ! 
,gov]nm5t ( ,iran4  7#c7 ,9 ,june #bjah1
 ! ,deputy = ,managem5t & ,inve/m5t at !
 ,directorate = ,sci5tific &            
,te*nological ,affairs ( ,iran /at$ t   
,we are try+ to prep>e ! gr\nds to use a
 dome/ic digital curr5cy 9 ! c\ntry ''' 
,?is curr5cy w\ld facilitate ! transf] (
 money 7to & f7 any:]e 9 ! _w4 ,besides1
 x c help u at ! "t ( sanctions44  7#d7 
,9 ,octob] #bjah1 ! head ( ! ,civil     
,def5se ,organization ( ,iran /at$ t    
cryptocurr5cies c help bypass c]ta9     
sanctions ?r\gh untraceable bank+       
op]ations4  #cjc4 ,prohibition on       
transactions relat$ to1 provision (     
f9anc+ =1 & o!r deal+s 9 ,iranian       

digital curr5cy  7a7 ,9 g5]al ,all      
transactions relat$ to1 provision (     
f9anc+ =1 & o!r deal+s 9 ,iranian       
digital curr5cy by a ,unit$ ,/ates p]son
 or )9 ! ,unit$ ,/ates are prohibit$4   
7b7 ,p5alties ,! p5alties provid$ = 9   
subsections 7b7 & 7c7 ( section #bjf ( !
 ,int]national ,em]g5cy ,economic ,p[]s 
,act 7#ej ,u4,s4,c4 #agje7 %all apply to
 a p]son t kn[+ly violates1 attempts to 
violate1 conspires to violate1 or causes
 a violation ( subsection 7a7 to ! same 
ext5t t su* p5alties apply to a p]son t 
kn[+ly commits an unlawful act describ$ 
9 section #bjf7;a7 ( su* ,act4  #cjd4   
,sanctions ) respect to =eign p]sons t  
engage 9 significant transactions = !   
sale1 supply1 or transf] to ,iran (     
significant goods or s]vices us$ 9      
connection ) ! developm5t ( ,iranian    
digital curr5cy ,! ,presid5t %all impose
 #e or m ( ! sanctions describ$ 9       
section #f7;a7 ( ! ,iran ,sanctions ,act
 ( #aiif 7,public ,law #ajd-agb2 #ej    
,u4,s4,c4 #agja note7 ) respect to any  

=eign p]son t ! ,presid5t det]m9es      
kn[+ly engages1 on or aft] ! date ( !   
enactm5t ( ?is ,act1 9 a significant    
transaction = ! sale1 supply1 or transf]
 to ,iran ( significant goods or        
s]vices1 or te*nological support1 us$ 9 
connection ) ! developm5t ( ,iranian    
digital curr5cy4  #cje4 ,sanctions )    
respect to =eign p]sons t conduct or    
facilitate significant transactions     
relat$ to ! pur*ase or sale ( ,iranian  
digital curr5cy or ma9ta9 significant   
am\nts 9 ,iranian digital curr5cy  7a7  
,9 g5]al ,! ,presid5t may impose !      
sanctions describ$ 9 subsection 7b7 )   
respect to a =eign p]son if ! ,presid5t 
det]m9es t ! =eign p]son1 on or aft] !  
date ( ! enactm5t ( ?is ,act--  7#a7    
kn[+ly conducts or facilitates any      
significant transaction relat$ to !     
pur*ase or sale ( ,iranian digital      
curr5cy or a d]ivative1 swap1 future1   
=w>d1 or o!r simil> contract ! value (  
:i* is bas$ on ! ex*ange rate ( ,iranian
 digital curr5cy2 or  7#b7 ma9ta9s      

significant am\nts d5om9at$ 9 ,iranian  
digital curr5cy outside ! t]ritory (    
,iran4  7b7 ,sanctions describ$ ,!      
sanctions to be impos$ on a =eign p]son 
"u ?is subsection are ! foll[+3 7#a7    
,correspond5t & payable-?r\gh acc\nt    
limitations ,) respect to any digital   
curr5cy ex*ange subject to sanctions "u 
subsection 7a71 prohibit+ ! op5+1 &     
impos+ /rict conditions on ! ma9ta9+1 9 
! ,unit$ ,/ates ( a correspond5t acc\nt 
or payable-?r\gh acc\nt by ! digital    
curr5cy ex*ange4  7#b7 ,block+ ( prop]ty
 ,block+ & prohibit+ all transactions 9 
all prop]ty & int]e/s 9 prop]ty ( !     
=eign p]son 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  7#c7 ,visa ban ,) respect to a  
=eign p]son :o is an ali51              
inadmissibility to ! ,unit$ ,/ates &    
ineligibility to receive a visa or o!r  
docum5tation to ent] ! ,unit$ ,/ates4   
7c7 ,exception ,to comply ) unit$       

nations headqu>t]s agreem5t & o!r       
int]national obligations ,! sanctions "u
 subsection 7b77#c7 may n be impos$ on  
an individual if admitt+ t individual to
 ! ,unit$ ,/ates is necess>y to p]mit ! 
,unit$ ,/ates to comply ) ! ,agreem5t   
reg>d+ ! ,headqu>t]s ( ! ,unit$         
,nations1 sign$ at ,lake ,success ,june 
#bf1 #aidg1 & ent]$ into =ce ,novemb]   
#ba1 #aidg1 betwe5 ! ,unit$ ,nations & !
 ,unit$ ,/ates1 or ) o!r applicable     
int]national obligations4  #cjf4 ,report
 on progress ( ,gov]nm5t ( ,iran 9      
creat+ a sov]eign cryptocurr5cy  7a7 ,9 
g5]al ,n lat] ?an #abj days aft] ! date 
( ! enactm5t ( ?is ,act1 ! ,secret>y ( !
 ,treasury %all submit to ,congress a   
report on ! /atus ( ! progress ( !      
,gov]nm5t ( ,iran 9 creat+ a sov]eign   
cryptocurr5cy4  7b7 ,elem5ts ,! report  
requir$ by p>agraph 7#a7 %all include ! 
foll[+3 7#a7 ,an assessm5t ( ! progress 
( ! ,gov]nm5t ( ,iran 9 creat+ a        
sov]eign cryptocurr5cy4  7#b7 ,a        
description ( ! te*nical details ( :at  

is be+ develop$1 includ+ :e!r !         
,gov]nm5t ( ,iran int5ds to--  7,a7 =k  
an exi/+ block*a9 or create a new "o2   
7,b7 make ! block*a9 op5 or clos$2 or   
7,c7 involve ! ,c5tral ,bank ( ,iran4   
7#c7 ,an assessm5t ( ! /ate & non-/ate  
actors t are assi/+ ! ,gov]nm5t ( ,iran 
9 creat+ a sov]eign cryptocurr5cy1      
includ+ ! gov]nm5ts ( ! ,p's ,republic (
 ,*9a1 ! ,russian ,f$]ation1 !          
,boliv>ian ,republic ( ,v5ezuela1 & !   
,republic ( ,turkey4  7#d7 ,an assessm5t
 ( ! effect t successful developm5t1    
deploym5t1 & ma9t5ance by ! ,gov]nm5t ( 
,iran ( a sov]eign cryptocurr5cy w\ld h 
on ! effectiv5ess ( exi/+ ,unit$ ,/ates 
sanctions ) respect to ,iran4  7#e7 ,an 
assessm5t ( ! te*nology & infra/ructure 
t ! ,gov]nm5t ( ,iran w\ld ne$ to       
develop1 deploy1 & ma9ta9 a national    
digital curr5cy1 includ+ a              
cryptocurr5cy4  7#f7 ,an id5tification (
 ! c\ntries t h agre$ to assi/ ! ,unit$ 
,/ates 9 block+ ef=ts to bypass or evade
 ,unit$ ,/ates sanctions relat+ to ,iran

 or bypass or evade c\nt]measures & risk
 mitigation practices outl9$ by !       
,f9ancial ,action ,task ,=ce4