Sec. 4. Reports on certain Iranian persons

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It shall be the policy of the United States to fully implement and enforce sanctions against Iran’s Revolutionary Guard Corps, including its officials, agents, and affiliates. Subtitle B of title III of the Iran Threat Reduction and Syria Human Rights Act of 2012 ( Public Law 112–158 ; 126 Stat. 1247) is amended by adding at the end the following: Not later than 180 days after the date of the enactment of the Iranian Revolutionary Guard Corps Economic Exclusion Act , and annually thereafter until the date that is 2 years after such date of enactment, the President shall submit to the appropriate congressional committees a report that contains the following:

A list of foreign persons listed on the Tehran Stock Exchange and, with respect to each such foreign person, a determination of whether or not Iran’s Revolutionary Guard Corps or any foreign persons that are officials, agents, or affiliates of Iran’s Revolutionary Guard Corps, directly or indirectly, owns or controls the foreign person. A list of foreign persons that are operating business enterprises in Iran that have a valuation of more than $100,000,000 in Iran and, with respect to each such foreign person, a determination of whether or not Iran’s Revolutionary Guard Corps or any foreign persons that are officials, agents, or affiliates of Iran’s Revolutionary Guard Corps, directly or indirectly, owns or controls the foreign person.

A list of Iranian financial institutions that have a valuation of more than $10,000,000 and, with respect to each such Iranian financial institution, a determination of whether or not— the institution has knowingly facilitated a significant transaction directly or indirectly for, or on behalf of, Iran’s Revolutionary Guard Corps during the 2-year period beginning on the date of the enactment of the Iranian Revolutionary Guard Corps Economic Exclusion Act ; or Iran’s Revolutionary Guard Corps or any foreign persons that are officials, agents, or affiliates of Iran’s Revolutionary Guard Corps, directly or indirectly, owns or controls the institution.

The report required by paragraph

(1)shall be submitted in unclassified form but may contain a classified annex. The unclassified portion of the report required by paragraph

(1)shall be posted on a publicly available internet website of the Department of the Treasury and a publicly available internet website of the Department of State. In this section: The term foreign person means— an individual who is not a United States person; a corporation, partnership, or other nongovernmental entity that is not a United States person; or any representative, agent, or instrumentality of, or an individual working on behalf of, a foreign government. 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 Iranian financial institution means— a financial institution organized under the laws of Iran or any jurisdiction within Iran, including a foreign branch of such an institution; a financial institution located in Iran; a financial institution, wherever located, owned or controlled by the Government of Iran; or a financial institution, wherever located, owned or controlled by a financial institution described in subparagraph (A), (B), or (C). A transaction shall be determined to be a significant transaction in accordance with section 561.404 of title 31, Code of Federal Regulations. Not later than 180 days after the date of the enactment of the Iranian Revolutionary Guard Corps Economic Exclusion Act , the President shall submit a report on the foreign supply chain and domestic supply chain inside and outside of Iran that directly or indirectly significantly facilitates, supports, or otherwise aids Iran’s Revolutionary Guard Corps to— the Committee on Foreign Affairs and the Committee on Financial Services of the House of Representatives; and the Committee on Foreign Relations and the Committee on Banking, Housing, and Urban Affairs of the Senate. The report required under subsection

(a)shall include the following: An analysis of the foreign supply chain and domestic supply chain described in subsection (a). Persons that conduct both primary activities and support activities for the Iran’s Revolutionary Guards Corps. A description of the geographic distribution of the foreign supply chain and domestic supply chain described in subsection (a). The report required under subsection

(a)shall be submitted in unclassified form but may contain a classified annex. . The table of contents for the Iran Threat Reduction and Syria Human Rights Act of 2012 is amended by inserting after the item relating to section 312 the following: Sec. 313. Report on certain Iranian persons. Sec. 314. Report on the foreign supply chain and domestic supply chain inside and outside of Iran that aids Iran’s Revolutionary Guard Corps. .

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Pub. L. 112-158
126 Stat. 1247

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Sec. 4

Reports on certain Iranian persons

Pub. L.Pub. L. 112-158

Stat.126 Stat. 1247

Cites 2Cited by 0 across 0 sources