Sec. 204. Ineligibility for exception to certain sanctions for countries that do not reduce purchases of petroleum from Iran or of Iranian origin to a de minimis level
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It shall be the policy of the United States to seek to ensure that all countries reduce their purchases of crude oil, lease condensates, fuel oils, and other unfinished oils from Iran or of Iranian origin to a de minimis level by the end of the 240-day period beginning on the effective date specified in section 201(3). Section 1245(d)(4)(D) of the National Defense Authorization Act for Fiscal Year 2012 ( 22 U.S.C. 8513a(d)(4)(D) ) is amended by adding at the end the following:
A country that purchased petroleum from Iran or of Iranian origin during the one-year period preceding the effective date specified in section 201(3) of the Nuclear Weapon Free Iran Act of 2015 may continue to receive an exception under clause
(i)on or after the date that is 240 days after such effective date only— if the country reduces its purchases of petroleum from Iran or of Iranian origin to a de minimis level by the end of the 240-day period beginning on such effective date; or as provided in subclause
(II)or (III). A country that would otherwise be ineligible pursuant to subclause (I)(aa) to receive an exception under clause
(i)may continue to receive such an exception during the one-year period beginning on the date that is 240 days after the effective date specified in section 201(3) of the Nuclear Weapon Free Iran Act of 2015 if the country— dramatically reduces by at least 30 percent its purchases of petroleum from Iran or of Iranian origin during the 240-day period beginning on such effective date, as compared to its average monthly purchases of such petroleum during calendar year 2014; and is expected to reduce its purchases of petroleum from Iran or of Iranian origin to a de minimis level within a defined period of time that is not longer than 2 years after such effective date. If a country that continues to receive an exception under clause
(i)pursuant to item
(aa)does not reduce its purchases of petroleum from Iran or of Iranian origin to a de minimis level by the date that is 2 years after the effective date specified in section 201(3) of the Nuclear Weapon Free Iran Act of 2015 , that country shall not be eligible for an exception under clause
(i)on or after the date that is 2 years after such effective date. A country that becomes ineligible for an exception under clause
(i)pursuant to subclause
(I)or
(II)shall be eligible for such an exception in accordance with the provisions of clause
(i)on and after the date on which the President determines the country has reduced its purchases of petroleum from Iran or of Iranian origin to a de minimis level. . Section 1245(d)(4)(D)(i) of the National Defense Authorization Act for Fiscal Year 2012 ( 22 U.S.C. 8513a(d)(4)(D)(i) ) is amended in the matter preceding subclause
(I)by striking Sanctions imposed and inserting Except as provided in clause (iii), sanctions imposed .
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Sec. 204
Ineligibility for exception to certain sanctions for countries that do not reduce purchases of petroleum from Iran or of Iranian origin to a de minimis level
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