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Code · BILL · 114th Congress · H.R. 3662 (Engrossed in House) — To enhance congressional oversight over the administration of sanctions against certain Iranian terrorism financiers,... · Sec. 3

Sec. 3. Certification requirement for removal of certain foreign persons from the list of specially designated nationals and blocked persons

354 words·~2 min read·/bill/114/hr/3662/eh/section-3

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On or after July 19, 2015, the President may not remove a foreign person described in subsection
(b)from the list of specially designated nationals and blocked persons maintained by the Office of Foreign Asset Control of the Department of the Treasury until the President submits to the appropriate congressional committees a certification described in subsection
(c)with respect to the foreign person. A foreign person described in this subsection is a foreign person listed in Attachment 3 or Attachment 4 to Annex II of the Joint Comprehensive Plan of Action. The President may remove a foreign person described in subsection
(b)from the list of specially designated nationals and blocked persons maintained by the Office of Foreign Asset Control of the Department of the Treasury if the President submits to the appropriate congressional committees a certification that the foreign person— has not knowingly assisted in, sponsored, or provided financial, material, or technological support for, or financial or other services to or in support of terrorism or a terrorist organization; and has not knowingly engaged in significant activities or transactions that have materially contributed to the Government of Iran’s proliferation of weapons of mass destruction or their means of delivery (including missiles capable of delivering such weapons), including any efforts to manufacture, acquire, possess, develop, transport, transfer, or use such item. A certification described in subsection
(c)shall be submitted in unclassified form, but may contain a classified annex. In this section: The term foreign person — means— an individual who is not a United States person; a corporation, partnership, or other nongovernmental entity which is not a United States person; or any representative, agent or instrumentality of, or an individual working on behalf of a foreign government; but does not include a foreign financial institution, including an Iranian financial institution, described in section 2(b). The term United States person means— a United States citizen or an alien lawfully admitted for permanent residence to the United States; or an entity organized under the laws of the United States or of any jurisdiction within the United States, including a foreign branch of such an entity.
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