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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. 203

Sec. 203. Imposition of sanctions with respect to financial sector of Iran

568 words·~3 min read·/bill/115/hr/7321/ih/section-203

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Section 1244 of the Iran Freedom and Counter-Proliferation Act of 2012 ( 22 U.S.C. 8803 ) is amended— in the section header, by striking and inserting and shipbuilding ; shipbuilding, and financial in subsection (a)(1), by striking and shipbuilding and inserting shipbuilding, and financial ; in subsection (b)— in the subsection header, by striking and inserting and shipbuilding ; and shipbuilding, and financial by striking and shipbuilding and inserting shipbuilding, and financial ; in subsection (c)— in the subsection header, by striking and inserting and shipbuilding ; shipbuilding, and financial in paragraph (2)— in subparagraph (A), by striking or shipbuilding and inserting shipbuilding, or financial ; and in subparagraph (C)— in clause (i), by striking or shipbuilding and inserting shipbuilding, or financial ; and in clause (iii), by striking (other than an Iranian financial institution described in paragraph (3)) ; and by striking paragraph (3); and in subsection (d)— in the subsection header, by striking and inserting and shipbuilding ; and shipbuilding, and financial in paragraph (3), by striking or shipbuilding and inserting shipbuilding, or financial .
The table of contents for the Iran Freedom and Counter-Proliferation Act of 2012 is amended by striking the item relating to section 1244 and inserting the following: Sec. 1244. Imposition of sanctions with respect to the energy, shipping, shipbuilding, and financial sectors of Iran. . Section 1245 of the Iran Freedom and Counter-Proliferation Act of 2012 ( 22 U.S.C. 8804 ) is amended— in subsection (a)(1)(C)(i)— in subclause (I), by striking or shipbuilding and inserting shipbuilding, or financial ; and in subclause (II), by striking (other than an Iranian financial institution described in subsection (b)) ; by striking subsection (b); and by redesignating subsections
(c)through
(h)as subsections
(b)through (g), respectively. Such section is further amended— in subsection (a)(1)— in subparagraph (B)— by striking subsection
(d)and inserting subsection
(c); and by striking subsection (e)(1) and inserting subsection (d)(1) ; and in subparagraph (C)— in the matter preceding clause (i), by striking subsection
(d)and inserting subsection
(c); and in clause (i)— in subclause (I), by striking subsection (e)(2) and inserting subsection (d)(2) ; and in subclause (III), by striking subsection (e)(3) and inserting subsection (d)(3) ; in subsection (d), as redesignated by paragraph (1)(C)— in paragraph (1)(A), by striking subsection
(d)and inserting subsection
(c); and in paragraph (3), by striking subsection
(d)and inserting subsection
(c); and in subsection (e), as so redesignated, by striking subsection
(a)or
(c)and inserting subsection
(a)or
(b). Section 1246(a)(1)(B)(ii) of the Iran Freedom and Counter-Proliferation Act of 2012 ( 22 U.S.C. 8805(a)(1)(B)(ii) ) is amended by striking section 1245(d) and inserting section 1245(c) . Section 1253(c) of the Iran Freedom and Counter-Proliferation Act of 2012 ( 22 U.S.C. 8809(c) ) is amended by striking 1245(g) and inserting 1245(f) . Section 1246 of the Iran Freedom and Counter-Proliferation Act of 2012 ( 22 U.S.C. 8805 ) is amended— in subsection (a)(1)— in subparagraph (B)(i), by striking or shipbuilding and inserting shipbuilding, or financial ; and in subparagraph (C), by striking (other than an Iranian financial institution described in subsection (b)) ; by striking subsection (b); and by redesignating subsections (c), (d), and
(e)as subsections (b), (c), and (d), respectively. Section 1253(c) of the Iran Freedom and Counter-Proliferation Act of 2012 ( 22 U.S.C. 8809(c) ) is amended by striking 1246(e) and inserting 1246(d) .
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Sec. 203
Imposition of sanctions with respect to financial sector of Iran
U.S.C.§ 8803
U.S.C.§ 8804
U.S.C.§ 8805
U.S.C.§ 8809
Cites 4Cited by 0 across 0 sources
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