Sec. 4. Imposition of sanctions with respect to persons engaged in logistical transactions of oil, gas, liquefied natural gas, and petrochemical products from the Islamic Republic of Iran
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On and after the date of the enactment of this Act, the President shall impose the sanctions described in subsection
(b)with respect to any foreign person, including any bank or foreign financial institution, insurance provider, flagging registry, pipeline construction or operation facility for liquefied natural gas, that— the President determines knowingly engaged in, on or after such date of enactment, any transaction involved in, relating or incident to the processing, export, or sale of oil, condensates, gas, liquefied natural gas, or other petrochemical products in whole or in part from the Islamic Republic of Iran; is a subsidiary, successor, or alias of a foreign person described in paragraph (1); directly or indirectly owns or controls a 50 percent or greater interest in or is owned or controlled by a 50 percent or greater interest of a foreign person or foreign persons subject to sanctions pursuant to paragraph
(1)or (2); and directly or indirectly conducts a significant transaction with, for, or on behalf of a foreign person described in paragraph (1), (2), or
(3)of section 3(b) of the Stop Harboring Iranian Petroleum Act ( 22 U.S.C. 8572 ); the President determines is a corporate officer of a foreign person described paragraph (1), (2), or (3); or is an immediate family member of a foreign person described in paragraph (1), (2), or (3). The sanctions described in this subsection are the following: The President shall, pursuant to the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq. ), block and prohibit all transactions in property and interests in property of a foreign person subject to sanctions pursuant to subsection (a)(1) 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. In the case of an alien subject to sanctions pursuant to subsection (a), the alien is— inadmissible to the United States; ineligible to receive a visa or other documentation to enter the United States; and otherwise ineligible to be admitted or paroled into the United States or to receive any other benefit under the Immigration and Nationality Act ( 8 U.S.C. 1101 et seq. ). The visa or other entry documentation of an alien described in subparagraph
(A)shall be revoked, regardless of when such visa or other entry documentation was issued. A revocation under clause
(i)shall— take effect immediately; and automatically cancel any other valid visa or entry documentation that is in the alien’s possession. The requirement to impose sanctions under this section shall not include the authority or a requirement to impose sanctions on the importation of goods. In this paragraph, the term good means any article, natural or manmade substance, material, supply, or manufactured product, including inspection and test equipment, and excluding technical data. Sanctions under subsection (b)(2) shall not apply with respect to an alien if admitting or paroling the alien into 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, or other applicable international obligations; or to carry out or assist authorized law enforcement activity in the United States. The President may, on a case-by-case basis for a period of not more than 180 days, waive the application of sanctions imposed with respect to a foreign person under this section if the President— certifies to the appropriate congressional committees that the waiver is vital to the national interests of the United States; and submits with the certification required under subparagraph
(A)a detailed justification explaining the reasons for the waiver. The President may, on a case-by-case basis, renew a waiver issued under paragraph
(1)for additional periods of not more than 180 days each up to a total of 2 years if the President— determines that the renewal of the waiver is vital to the national interests of the United States; and not less than 15 days before the waiver expires, submits to the appropriate congressional committees a report on the renewal of the waiver that includes— a justification for the renewal of the waiver; and a detailed plan to phase out the need for any such waiver issued with respect to such foreign person. The authority to issue a waiver under this subsection shall terminate on February 1, 2029. The President may exercise all authorities provided under sections 203 and 205 of the International Emergency Economic Powers Act (50 U.S.C. 1702 and 1704) to carry out subsection (b)(1). A person that violates, attempts to violate, conspires to violate, or causes a violation of subsection (b)(1) or any regulation, license, or order issued to carry out that subsection shall be subject to the penalties set forth in subsections
(b)and
(c)of section 206 of the International Emergency Economic Powers Act ( 50 U.S.C. 1705 ) to the same extent as a person that commits an unlawful act described in subsection
(a)of that section. Section 4(a)(3)(A) shall be construed to be consistent with Frequently Asked Questions 398 through 402, published by the Office of Foreign Assets Control on August 11, 2020, and August 13, 2014, or any successors to such frequently asked questions.
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Sec. 4
Imposition of sanctions with respect to persons engaged in logistical transactions of oil, gas, liquefied natural gas, and petrochemical products from the Islamic Republic of Iran
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