Sec. 2. Additional sanctions with respect to foreign persons that are officials, agents, or affiliates of, or owned or controlled by, Iran’s Revolutionary Guard Corps

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Section 301(a) of the Iran Threat Reduction and Syria Human Rights Act of 2012 ( 22 U.S.C. 8741(a) ) is amended— in the matter preceding paragraph (1), by striking Not later than 90 days after the date of the enactment of this Act, and as appropriate thereafter, and inserting Not later than 180 days after the date of the enactment of the Iranian Revolutionary Guard Corps Economic Exclusion Act, and every 180 days thereafter, ; in paragraph (1)— by inserting , or owned or controlled by, after affiliates of ; and by striking and at the end; in paragraph (2), by striking the period at the end and inserting ; and ; and by adding at the end the following: identify foreign persons with respect to which there is a reasonable basis to determine that the foreign persons have, directly or indirectly, conducted one or more sensitive transactions or activities described in subsection

(c)for or on behalf of a foreign person described in paragraph (1). . Section 301(b) of the Iran Threat Reduction and Syria Human Rights Act of 2012 ( 22 U.S.C. 8741(b) ) is amended to read as follows: In identifying foreign persons pursuant to subsection (a)(1) as officials, agents, or affiliates of Iran’s Revolutionary Guard Corps, the President is authorized to identify foreign persons in which Iran’s Revolutionary Guard Corps has an ownership interest in such foreign person of less than 50 percent. In identifying foreign persons pursuant to subsection (a)(1) as officials, agents, or affiliates of Iran’s Revolutionary Guard Corps, the President shall investigate— foreign persons or entities identified under section 560.304 of title 31, Code of Federal Regulations (relating to the definition of the Government of Iran); and foreign persons for which there is a reasonable basis to find that the person has conducted or attempted to conduct one or more sensitive transactions or activities described in subsection (c). The President shall determine whether each foreign person on the list described in clause

(ii)is a foreign person that is owned or controlled by Iran’s Revolutionary Guard Corps. The list of foreign persons described in this clause are the following: The Telecommunication Company of Iran. The Mobile Telecommunication Company of Iran (MTCI). The Calcimin Public Company. The Iran Tractor Manufacturing Company of Iran. The Iran Tractor Motors Manufacturing Company. The Iran Zinc Mines Development Company. The National Iranian Lead and Zinc Company. Iran Mineral Products Company. Tosee Energy Paivaran Company. Not later than 90 days after the date of the enactment of this subsection, the President shall submit to the appropriate congressional committees a report on the determinations made under subparagraph

(A)together with the reasons for those determinations. A report submitted under clause

(i)shall be submitted in unclassified form but may contain a classified annex. Not later than 180 days after the date of the enactment of this subsection, the President shall submit to the appropriate congressional committees a report that includes a detailed list of foreign persons for which there is a reasonable basis to determine that Iran’s Revolutionary Guard Corps has an ownership interest in such foreign person of not less than 33 percent. The report required under subparagraph

(A)shall be submitted in unclassified form but may contain a classified annex. . Section 301(c) of the Iran Threat Reduction and Syria Human Rights Act of 2012 ( 22 U.S.C. 8741(c) ) is amended— in paragraph (1)— by striking $1,000,000 and inserting $500,000 ; and by inserting Iranian financial institution or after involving a ; by redesignating paragraphs (3), (4), and

(5)as paragraphs (6), (7), and (8), respectively; and by inserting after paragraph

(2)the following new paragraphs: a transaction to provide material support for an organization designated as a foreign terrorist organization under section 219(a) of the Immigration and Nationality Act ( 8 U.S.C. 1189(a) ) or support for an act of international terrorism (as defined in section 14 of the Iran Sanctions Act of 1996 ( Public Law 104–172 ; 50 U.S.C. 1701 note)); a transaction to provide material support to a foreign person whose property and access to property has been blocked pursuant to Executive Order 13224 (September 23, 2001; relating to blocking property and prohibiting transactions with persons who commit, threaten to commit, or support terrorism); a transaction to provide material support for— the Government of Syria or any agency or instrumentality thereof; or any entity owned or controlled by the Government of Syria, including for purposes of post-conflict reconstruction; . Section 301(e) of the Iran Threat Reduction and Syria Human Rights Act of 2012 ( 22 U.S.C. 8741(e) ) is amended— in paragraph (1)— by striking

(A)determines and inserting (A)(i) determines ; by striking

(B)submits and inserting

(ii)submits ; by striking

(i)identifies and inserting

(I)identifies ; by striking

(ii)sets and inserting

(II)sets ; by striking the period at the end and inserting ; and ; and by adding at the end the following: with respect to a foreign person identified by reason of having conducted or attempted to conduct one or more sensitive transactions or activities described in subsection (c)(5), also certifies to the appropriate congressional committees that Iran’s Revolutionary Guard Corps is significantly decreasing provision of direct or indirect material support to the Government of Syria or Hezbollah’s operations in Syria. ; and in paragraph (2), by striking paragraph (1)(B) and inserting paragraph (1)(A)(ii) . Section 301 of the Iran Threat Reduction and Syria Human Rights Act of 2012 ( 22 U.S.C. 8741 ) is amended— by redesignating subsection

(f)as subsection (h); and by inserting after subsection

(e)the following new subsections: A person that violates, attempts to violate, conspires to violate, or causes a violation of subsection

(a)or any regulation, license, or order issued to carry out subsection

(a)shall be subject to the penalties set forth in subsections

(b)and

(c)of section 206 of the International Emergency Economic Powers Act ( 50 U.S.C. 1705 ) to the same extent as a person that commits an unlawful act described in subsection

(a)of that section. 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 which is not a United States person. The term Iran’s Revolutionary Guard Corps includes any senior foreign political figure (as defined in section 1010.605 of title 31, Code of Federal Regulations) of Iran’s Revolutionary Guard Corps. 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 Iran Threat Reduction and Syria Human Rights Act of 2012 ( 22 U.S.C. 8701 et seq.) is amended— by striking the heading of section 301 and inserting the following: ; and in the table of contents, by striking the item relating to section 301 and inserting the following: Sec. 301. Identification of, and imposition of sanctions with respect to, foreign persons that are officials, agents or affiliates of, or owned or controlled by, Iran’s Revolutionary Guard Corps. . The amendments made by this section take effect on the date of the enactment of this Act and apply with respect to conduct described in paragraph

(3)of section 301(a) of the Iran Threat Reduction and Syria Human Rights Act of 2012, as added by this section, engaged in on or after such date of enactment.

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Pub. L. 104-172

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Sec. 2

Additional sanctions with respect to foreign persons that are officials, agents, or affiliates of, or owned or controlled by, Iran’s Revolutionary Guard Corps

Pub. L.Pub. L. 104-172

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