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Code · BILL · 115th Congress · H.R. 7321 (Introduced in House) — To impose sanctions with respect to Iranian financial institutions and the development and use of Iranian digital cur... · Sec. 103

Sec. 103. Expansion of sanctions with respect to persons knowingly and directly providing specialized financial messaging services to, or enabling or facilitating direct or indirect access to such messaging services for, the Central Bank of Iran, other designated Iranian banks, or Iranian financial institutions removed from the list of specially designated persons pursuant to the implementation of the Joint Comprehensive Plan of Action

619 words·~3 min read·/bill/115/hr/7321/ih/section-103

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Section 220 of the Iran Threat Reduction and Syria Human Rights Act of 2012 ( 22 U.S.C. 8726 ) is amended— in the section header, by striking ; authorization of in subsection (b)— in paragraph (1)— in subparagraph (A), by striking or a financial institution described in section 104(c)(2)(E)(ii) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 ( and inserting 22 U.S.C. 8513(c)(2)(E)(ii) ) , a financial institution described in clause
(ii)or
(iii)of section 104(c)(2)(E) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 ( ; and 22 U.S.C. 8513(c)(2)(E) ), or a financial institution that was removed from the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury pursuant to the implementation of the Joint Comprehensive Plan of Action in subparagraph (B), by striking that section and inserting subparagraph
(A); and in paragraph (2), by striking or a financial institution described in section 104(c)(2)(E)(ii) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 ( and inserting 22 U.S.C. 8513(c)(2)(E)(ii) ) , a financial institution described in clause
(ii)or
(iii)of section 104(c)(2)(E) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 ( ; 22 U.S.C. 8513(c)(2)(E) ), or a financial institution that was removed from the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury pursuant to the implementation of the Joint Comprehensive Plan of Action in subsection (c)— in the subsection header, by striking and inserting Authorization of imposition ; Imposition in paragraph (1)— by striking the date that is 90 days after the date of the enactment of this Act and inserting the date of the enactment of the ; Blocking Iran Illicit Finance Act by striking or a financial institution described in paragraph (2)(E)(ii) of section 104(c) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 ( and inserting 22 U.S.C. 8513(c) ) , a financial institution described in clause
(ii)or
(iii)of paragraph (2)(E) of section 104(c) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 ( ; and 22 U.S.C. 8513(c) ), or a financial institution that was removed from the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury pursuant to the implementation of the Joint Comprehensive Plan of Action by striking the President may and inserting the President shall ; and in paragraph (2)— in the matter preceding subparagraph (A), by striking section 104(c)(2)(E)(ii) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 ( and inserting 22 U.S.C. 8513(c)(2)(E)(ii) ) that paragraph ; and in subparagraph (A)(ii)(I), by striking section 104(c)(2)(E)(ii) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 ( and inserting 22 U.S.C. 8513(c)(2)(E)(ii) ) paragraph
(1); and by adding at the end the following: In this section, the term Joint Comprehensive Plan of Action means the Joint Comprehensive Plan of Action agreed to at Vienna on July 14, 2015, by Iran and by France, Germany, the Russian Federation, the People’s Republic of China, the United Kingdom, and the United States, and all implementing materials and agreements related to the Joint Comprehensive Plan of Action. . The table of contents for the Iran Threat Reduction and Syria Human Rights Act of 2012 is amended by striking the item relating to section 220 and inserting the following: Sec. 220. Reports on, and imposition of sanctions with respect to, the provision of specialized financial messaging services to the Central Bank of Iran and other sanctioned Iranian financial institutions. .
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Sec. 103
Expansion of sanctions with respect to persons knowingly and directly providing specialized financial messaging services to, or enabling or facilitating direct or indirect access to such messaging services for, the Central Bank of Iran, other designated Iranian banks, or Iranian financial institutions removed from the list of specially designated persons pursuant to the implementation of the Joint Comprehensive Plan of Action
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