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Code · BILL · 117th Congress · H.R. 2718 (Introduced in House) — To impose additional sanctions with respect to Iran and modify other existing sanctions with respect to Iran, and for... · Sec. 108

Sec. 108. Clarification of guidance relating to Iran’s shipping sector

113 words·~1 min read·/bill/117/hr/2718/ih/section-108

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The President shall direct the Office of Foreign Asset Control of the Department of the Treasury to issue regulations and guidance expanding the list of services constituting significant support to the shipping sector of Iran to include— port authorities; importing agents; management firms; charterers; operators; marine insurers; classification societies; and all other maritime services providers. The President shall also direct the Secretary of State, the Secretary of the Treasury, and the Coast Guard to update the Sanctions Advisory for the Maritime Industry, Energy and Metals Sectors, and Related communities issued on May 14, 2020, in accordance with the expanded definition of significant support to the shipping sector promulgated in accordance with subsection (a).
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