Sec. 103. Imposition of sanctions against entities owned in whole or in part by the IRGC
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The President shall impose the sanctions described in subsection
(b)with respect to— an entity, regardless of whether the entity 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, that is owned, directly or indirectly, by a 25 percent or greater interest— by the IRGC or an agent or affiliate of the IRGC; or collectively by a group of individuals that are members of the IRGC or an agent or affiliate of the IRGC, even if none of such individuals hold a 25 percent or greater interest in the entity; a person that controls, manages, or directs an entity described in paragraph (1); or an individual who is on the board of directors of an entity described in paragraph (1). The President shall block, in accordance with the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.), all transactions in all property and interests in property of any person subject to subsection
(a)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 Secretary of State shall deny a visa to, and the Secretary of Homeland Security shall exclude from the United States, any person subject to subsection
(a)that is an alien. The requirements of section 202 of the International Emergency Economic Powers Act ( 50 U.S.C. 1701 ) shall not apply for purposes of subsection (b)(1). Subsection (b)(2) shall not apply to the head of state of Iran, or necessary staff of that head of state, if admission to the United States is necessary to permit the United States to comply with the Agreement regarding the Headquarters of the United Nations, signed at Lake Success June 26, 1947, and entered into force November 21, 1947, between the United Nations and the United States. A person with respect to which the President imposes sanctions under subsection
(a)shall be considered an agent or affiliate of the IRGC for purposes of sections 104 and 104A of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 ( 22 U.S.C. 8513 and 8513b).
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Sec. 103
Imposition of sanctions against entities owned in whole or in part by the IRGC
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