,i #aah? ,,congress #a/ ,session ,h4 ,r4 #fabj ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,octob] #cj1 #bjbc,mr4 ,meus] introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,=eign ,affairs1 & 9 addition to ! ,committee on ,f9ancial ,s]vices1 = 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 re/ore & require ! imposition ( c]ta9 sanctions previ\sly waiv$ ) respect to ,iran1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,negat+ ,opportunities = ,oil ,income ,lev]ag$ = ,t]rori/s ,act or ! ,,no ,,oil = ,t]rori/s ,act4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,! ,islamic ,republic ( ,iran cont9ues to engage 9 s]i\s violations ( its int]national obligations4 7#b7 ,! ,gov]nm5t ( ,iran provides fund+1 mat]ial support1 & res\rces to t]rori/ organizations1 includ+ ,hamas1 :i* conducts t]rori/ attacks aga9/ ,israel4 7#c7 ,! actions ( ! ,gov]nm5t ( ,iran pose an ongo+ ?reat to ! national security ( ! ,unit$ ,/ates1 our allies1 & int]national /ability4 7#d7 ,! reimposition ( sanctions is a necess>y & appropriate measure to c\nt] ,iran's de/abiliz+ activities & enc\rage ,iran's compliance ) int]national obligations4 #c4 ,reimposition ( sanctions 7a7 ,oil export sanctions ,! ,presid5t %all use all p[]s grant$ to ! ,presid5t "u ! ,int]national ,em]g5cy ,economic ,p[]s ,act 7#ej ,u4,s4,c4 #agja et seq47 to block all prop]ty & int]e/s 9 prop]ty )9 ! ,unit$ ,/ates1 or )9 ! possession or control ( any ,unit$ ,/ates p]son1 ( any =eign p]son det]m9$ to h kn[+ly engag$ 9 a significant transaction = ! pur*ase1 acquisition1 sale1 transport1 or m>ket+ ( petroleum1 petroleum products1 or petro*emical products f ,iran4 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 violations ( ! regulations prescrib$ "u subsection 7a7 to ! same ext5t z su* p5alties apply to a p]son t commits an unlawful act describ$ 9 section #bjf7;a7 ( t ,act4 7c7 ,exceptions 7#a7 ,waiv] ,! ,presid5t may grant waiv]s on a case-by-case basis to a =eign p]son if ! ,presid5t-- 7,a7 det]m9es t-- 7i7 ! c\ntry ( :i* ! =eign p]son is a national or "u ! laws ( :i* ! =eign p]son is organiz$ has significantly r$uc$ its volume ( crude oil pur*ases f ,iran2 & 7ii7 ! waiv] is critical to ! national security int]e/s ( ! ,unit$ ,/ates2 & 7,b7 submits writt5 notification to ! ,speak] & ! ,m9ority ,lead] ( ! ,h\se ( ,repres5tatives1 z well z ! ,majority & ,m9ority ,lead]s ( ! ,s5ate1 ( ! int5t to issue su* a waiv]4 7#b7 ,humanit>ian ne$s ,! requirem5t to impose sanctions "u ?is section %all n apply to transactions = or incid5tal to ! sale ( agricultural commodities1 food1 m$ic9e1 or m$ical devices to ,iran4 #d4 ,sanctions on f9ancial in/itutions 7a7 ,f9d+ ,! ,gov]nm5t ( ,iran uses its bank+ sector to facilitate ,iran's nucle> programs1 its support = t]rorism1 & its malign regional influ5ce4 7b7 ,imposition ( sanctions 7#a7 ,! ,presid5t %all prohibit ! op5+1 & prohibit or impose /rict conditions on ! ma9ta9+1 9 ! ,unit$ ,/ates ( a correspond5t acc\nt or a payable-?r\gh acc\nt by any =eign f9ancial in/itution t kn[+ly conducts or facilitates any significant f9ancial transaction ) ! ,c5tral ,bank ( ,iran or any o!r ,iranian f9ancial in/itution includ$ 9 ! ,li/ ( ,specially ,designat$ ,nationals & ,block$ ,p]sons ma9ta9$ by ! ,(fice ( ,=eign ,assets ,control ( ! ,dep>tm5t ( ! ,treasury pursuant to ! imposition ( sanctions relat+ to ,iran's prolif]ation ( weapons ( mass de/ruction or ,iran's support = int]national t]rorism4 7#b7 ,waiv] ,! ,presid5t may1 on a case-by-case basis1 waive ! sanctions requir$ by p>agraph 7#a7 ) respect to transactions ! ,presid5t det]m9es are necess>y to ! national security int]e/s ( ! ,unit$ ,/ates4 #e4 ,report+ requirem5t ,! ,presid5t %all submit to ! appropriate congressional committees n lat] ?an #fj days aft] ! date ( ! enactm5t ( ?is ,act1 & e #ahj days !reaft]1 a report t includes ea* ( ! foll[+3 7#a7 ,! progress ( ! ,gov]nm5t ( ,iran 9 comply+ ) int]national nucle> obligations4 7#b7 ,! /atus ( ,iran's support = int]national t]rorism1 includ+ its f9anc+ & support ( ,hamas & o!r t]rori/ organizations4 7#c7 ,measures tak5 to impose & en=ce ! sanctions requir$ by ?is ,act4 #f4 ,sunset clause ,?is ,act %all cease to h effect on date on :i* ! ,presid5t c]tifies to ,congress t ,iran has ceas$ to f9ance int]national t]rorism4 #g4 ,def9itions ,9 ?is ,act-- 7#a7 ,appropriate congressional committees ,! t]m appropriate congressional committees means-- 7,a7 ! ,committee on ,=eign ,affairs1 ! ,committee on ,f9ancial ,s]vices1 ! ,committee on ,ways & ,means1 & ! ,p]man5t ,select ,committee on ,intellig5ce ( ! ,h\se ( ,repres5tatives2 & 7,b7 ! ,committee on ,=eign ,relations1 ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs1 ! ,committee on ,f9ance1 & ! ,select ,committee on ,intellig5ce ( ! ,s5ate4 7#b7 ,=eign f9ancial in/itution ,! t]m =eign f9ancial in/itution has ! mean+ giv5 t t]m 9 section #efa4cjh ( title #ca1 ,code ( ,f$]al ,regulations4 7#c7 ,=eign p]son ,! t]m =eign p]son means a p]son :o is n a ,unit$ ,/ates p]son4 7#d7 ,unit$ ,/ates p]son ,! t]m ,unit$ ,/ates p]son means-- 7,a7 a citiz5 or national ( ! ,unit$ ,/ates or an ali5 lawfully admitt$ = p]man5t resid5ce to ! ,unit$ ,/ates2 or 7,b7 an entity organiz$ "u ! laws ( ! ,unit$ ,/ates or any jurisdiction )9 ! ,unit$ ,/ates includ+ a =eign bran* ( su* an entity4