Sec. 101. Imposition of sanctions against entities owned or controlled by the Armed Forces of Iran
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The President shall impose the sanctions described in subsection
(c)with respect to any entity described in subsection (b). An entity described in this subsection is an entity, including an entity listed on the Tehran Stock Exchange, that is owned or controlled by the Armed Forces of Iran regardless of whether the entity itself is 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. In this subsection, the term Armed Forces of Iran includes— Iran’s Revolutionary Guard Corps; the Basij paramilitary; the regular military; the Ministry of Defense and Armed Forces Logistics (MODAFL); the police; and the General Staff of the Armed Forces. The blocking, in accordance with the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.), of all transactions in all property and interests in property of an entity if such property and interests in property are in the United States, come within the United States, or are or come within the possession or control of a United States person. The requirements of section 202 of the International Emergency Economic Powers Act ( 50 U.S.C. 1701 ) shall not apply for purposes of this section. In this section: 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. The term own or control means, with respect to an entity— to hold more than 20 percent of the equity interest by vote or value in the entity; to hold a majority of seats on the board of directors of the entity; or to otherwise control the actions, policies, or personnel decisions of the entity.
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Sec. 101
Imposition of sanctions against entities owned or controlled by the Armed Forces of Iran
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