Sec. 306. Expansion of mandatory sanctions with respect to financial institutions that engage in certain transactions relating to ballistic missile capabilities of Iran
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Section 104 of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 ( 22 U.S.C. 8513 ) is amended— in subsection (c)(2)— in subparagraph (A)— in clause (i), by striking ; or and inserting a semicolon; by redesignating clause
(ii)as clause (iii); and by inserting after clause
(i)the following: to acquire or develop ballistic missiles and capabilities and launch technology relating to ballistic missiles; or ; and in subparagraph (E)(ii)— in subclause (I), by striking ; or and inserting a semicolon; by redesignating subclause
(II)as subclause (III); and by inserting after subclause
(I)the following: Iran’s development of ballistic missiles and capabilities and launch technology relating to ballistic missiles; or ; and in subsection (f)— by redesignating paragraphs
(1)and
(2)as subparagraphs
(A)and (B), respectively, and moving those subparagraphs, as so redesignated, two ems to the right; by striking and inserting “ Waiver .—The Waiver .— Except as provided in paragraph (2), the ; and by adding at the end the following: The Secretary of the Treasury may not waive under paragraph
(1)the application of a prohibition or condition imposed with respect to an activity described in subparagraph (A)(ii) or (E)(ii)(II) of subsection (c)(2). .
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Sec. 306
Expansion of mandatory sanctions with respect to financial institutions that engage in certain transactions relating to ballistic missile capabilities of Iran
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