Sec. 116. Additional sanctions with respect to foreign persons that support or conduct certain transactions with Iran’s Revolutionary Guard Corps or other sanctioned persons
342 words·~2 min read·
/bill/119/hr/2570/ih/section-116A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 302(a)(1) of the Iran Threat Reduction and Syria Human Rights Act of 2012 ( 22 U.S.C. 8742(a)(1) ) is amended— in the matter preceding subparagraph (A), by striking Not later than 90 days after the date of the enactment of this Act, and every 180 days thereafter, and inserting Not later than 60 days after the date of the enactment of the Maximum Pressure Act, and every 60 days thereafter, ; in subparagraph (B), by inserting , provide significant financial services to, or provide material support to after transactions with ; and in subparagraph (C)— in the matter preceding clause (i), by inserting , provide significant financial services to, or provide material support to after transactions with ; in clause (i), by striking or at the end; in clause (ii), by striking the period at the end and inserting a semicolon; and by inserting after clause
(i)the following: a person designated as a foreign terrorist organization under section 219(a) of the Immigration and Nationality Act ( 8 U.S.C. 1189(a) ) or that has provided support for an act of international terrorism (as defined in section 14 of the Iran Sanctions Act of 1996 ( Public Law 104–172 ; 50 U.S.C. 1701 note)); or a foreign person whose property and access to property has been blocked pursuant to Executive Order 13224 (September 23, 2001; relating to blocking property and prohibiting transactions with persons who commit, threaten to commit, or support terrorism). . Section 302(b) of the Iran Threat Reduction and Syria Human Rights Act of 2012 ( 22 U.S.C. 8742(b) ) is amended by striking the President— and all that follows and inserting the President shall, in accordance with the International Emergency Economic Powers Act ( . 50 U.S.C. 1701 et seq. ), block and prohibit all transactions in property and interests in property with respect to such foreign person 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.