Sec. 202. Imposition of sanctions with respect to foreign financial institutions that facilitate financial transactions on behalf of persons owned or controlled by specially designated nationals
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Section 1247 of the National Defense Authorization Act for Fiscal Year 2013 (22 U.S.C. 8806) is amended— by redesignating subsection
(f)as subsection (g); and by inserting after subsection
(e)the following new subsection: The President shall impose sanctions described in subsection
(a)with respect to a foreign financial institution that the President determines has, on or after the date that is 90 days after the date of the enactment of this subsection, knowingly facilitated a significant financial transaction on behalf of any person on the list required by paragraph (2). Not later than 60 days after the date of the enactment of this subsection, the President shall submit to the appropriate congressional committees list of persons that the President determines on or after the date of the enactment of this subsection are directly or indirectly owned or controlled by an Iranian person included on the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury (other than an Iranian financial institution described in subsection (b)). The President shall submit to the appropriate congressional committees an update of the list required by subparagraph (A)— not less than once every 180 days after the date of submission of such list; and as new information becomes available. The list required by subparagraph
(A)shall be submitted in unclassified form, but may contain a classified annex, if necessary. The unclassified portion of the list required by clause
(i)shall be made available to the public and posted on the websites of the Department of the Treasury and the Department of State. In preparing the list required by subparagraph (A), the President shall consider credible data already obtained by other countries and nongovernmental organizations. .
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Sec. 202
Imposition of sanctions with respect to foreign financial institutions that facilitate financial transactions on behalf of persons owned or controlled by specially designated nationals
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