Sec. 101. Mandatory sanctions with respect to financial institutions that engage in certain transactions on behalf of persons involved in human rights abuses or that export sensitive technology to Iran
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Section 104(c)(2) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 ( 22 U.S.C. 8513(c)(2) ) is amended— in subparagraph (D), by striking or at the end; in subparagraph (E), by striking the period at the end and inserting ; or ; and by adding at the end the following new subparagraph: facilitates a significant transaction or transactions or provides significant financial services for— a person that is subject to sanctions under section 105(c), 105A(c), 105B(c), or 105C(a); or a person that exports sensitive technology to Iran and is subject to the prohibition on procurement contracts as described in section 106. . The amendments made by subsection
(a)take effect on the date of the enactment of this Act and apply with respect to any activity described in subparagraph
(F)of section 104(c)(2) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (as added by subsection (a)(3) of this section) initiated on or after the date that is 90 days after such date of enactment. Not later than 90 days after the date of the enactment of this Act, the Secretary of the Treasury shall prescribe regulations to carry out the amendments made by subsection (a).
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Sec. 101
Mandatory sanctions with respect to financial institutions that engage in certain transactions on behalf of persons involved in human rights abuses or that export sensitive technology to Iran
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