Sec. 201. Sanctions with respect to certain transactions with Iran
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Subtitle B of title II of the Iran Threat Reduction and Syria Human Rights Act of 2012 (22 U.S.C. 8721 et seq.) is amended by adding at the end the following new section: Except as specifically provided in this section, the President may impose sanctions pursuant to the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq. ) on a foreign person that the President determines has, on or after the date that is 180 days after the date of the enactment of this section, knowingly conducted or facilitated a significant financial transaction with the Central Bank of Iran or other Iranian financial institution that has been designated by the Secretary of the Treasury for the imposition of sanctions pursuant to such Act, for— the purchase of goods (other than petroleum or petroleum products) or services by a person in Iran or on behalf of a person in Iran; or the purchase of goods (other than petroleum or petroleum products) or services from a person in Iran or on behalf of a person in Iran.
Nothing in this section shall be construed to affect the imposition of sanctions with respect to a financial transaction for the purchase of petroleum or petroleum products from Iran under section 1245(d)(4) of the National Defense Authorization Act for Fiscal Year 2012 ( Public Law 112–81 ; 125 Stat. 1648). The President may not impose sanctions under subsection
(a)on a foreign person if the President determines and submits to the appropriate congressional committees a report that contains a determination of the President that the country with primary jurisdiction over the foreign person has, during the time period described in paragraph (2), significantly reduced— the value of exports of goods (other than petroleum or petroleum products) and services from such country to Iran; and the value of imports of goods (other than petroleum or petroleum products) and services to such country from Iran. The time period referred to in paragraph
(1)is the 180-day period ending on the date on which the President makes the determination under paragraph
(1)as compared to the immediately preceding 180-day period. The President may not impose sanctions under subsection
(a)on a foreign person with respect to a transaction for the sale of agricultural commodities, food, medicine or medical devices to Iran. In this section: The term foreign person has the meaning given that term in section 14 of the Iran Sanctions Act of 1996 ( Public Law 104–172 ; 50 U.S.C. 1701 note). The term Iranian financial institution has the meaning given that term in section 104A(d) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 8513b(d)). . The table of contents for the Iran Threat Reduction and Syria Human Rights Act of 2012 is amended by inserting after the item relating to section 224 the following: Sec. 225. Sanctions with respect to certain transactions with Iran. .
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U.S. Code
- Imposition of sanctions with respect to the provision of vessels or shipping services to transport certain goods related to proliferation or terrorism activities to Iran§ 8721
- Unusual and extraordinary threat; declaration of national emergency; exercise of Presidential authorities§ 1701
- Expansion of, and reports on, mandatory sanctions with respect to financial institutions that engage in certain activities§ 8513b
3 references not yet in our index
- Pub. L. 112-81
- 125 Stat. 1648
- Pub. L. 104-172
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Sec. 201
Sanctions with respect to certain transactions with Iran
Pub. L.Pub. L. 112-81
Stat.125 Stat. 1648
Pub. L.Pub. L. 104-172
Cites 6Cited by 0 across 0 sources