Sec. 11. Sanctions with respect to critical defense resources provided to or acquired from Iran, North Korea, or Syria
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The President shall impose the sanctions described in subsection
(b)to any person the President determines is, on or after the date of the enactment of this Act, providing to, or acquiring from, Iran, North Korea, or Syria any goods, services, or technology the person knows, or should know, is used, or is likely to be used, for military application. The sanctions described in this subsection are, with respect to a person described in subsection (a), the following: Prohibiting any transactions in foreign exchange that are subject to the jurisdiction of the United States and in which that person has any interest. Prohibiting any transfers of credit or payments between financial institutions or by, through, or to any financial institution, to the extent that such transfers or payments are subject to the jurisdiction of the United States and involve any interest of that person. Prohibiting any person from— acquiring, holding, withholding, using, transferring, withdrawing, transporting, or exporting any property that is subject to the jurisdiction of the United States and with respect to which the person described in subsection
(a)has any interest; dealing in or exercising any right, power, or privilege with respect to such property; or conducting any transaction involving such property. Prohibiting the head of any Federal agency from providing a loan guarantee to that person. Additional sanctions, as appropriate, in accordance with the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq. ). Before issuing a license for the exportation of any article pursuant to an agreement for cooperation under section 123 of the Atomic Energy Act of 1954 ( 42 U.S.C. 2153 ) or approving a loan guarantee or any other assistance provided by the United States Government with respect to a nuclear energy project, the Secretary of Energy, the Secretary of Commerce, and the Nuclear Regulatory Commission shall certify to Congress that issuing the license or approving the loan guarantee or other assistance (as the case may be) will not permit the transfer of any good or technology described in subsection
(a)to Iran, North Korea, or Syria. The sanctions described in subsection
(b)shall not apply to the repayment or other satisfaction of a loan or other obligation incurred under a program of the Export-Import Bank of the United States, as in effect as of the date of the enactment of this Act.
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Sec. 11
Sanctions with respect to critical defense resources provided to or acquired from Iran, North Korea, or Syria
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