Sec. 201. EXPANSION OF SANCTIONS WITH RESPECT TO THE ENERGY SECTOR OF IRAN
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## SEC. 201 EXPANSION OF SANCTIONS WITH RESPECT TO THE ENERGY SECTOR OF IRAN **[**[50 U.S.C. 1701 note](/us/usc/t50/s1701)**]** Section 5(a) of the Iran Sanctions Act of 1996 (Public Law 104-172; 50 U.S.C. 1701 note) is amended— ####
(1)in the subsection heading, by striking “with Respect to” and all that follows through “to Iran” and inserting “relating to the Energy Sector of Iran”; ####
(2)in paragraph (1)(A)— #####
(A)by striking “3 or more” and inserting “5 or more”; and #####
(B)by striking “the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010” and inserting “the Iran Threat Reduction and Syria Human Rights Act of 2012”; ####
(3)in paragraph (2)— #####
(A)in subparagraph (A)— ######
(i)by striking “3 or more” and inserting “5 or more”; and ######
(ii)by striking “the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010” and inserting “the Iran Threat Reduction and Syria Human Rights Act of 2012”; and #####
(B)in subparagraph (B), by inserting before the period at the end the following: “or directly associated infrastructure, including construction of port facilities, railways, and roads, the primary use of which is to support the delivery of refined petroleum products”; ####
(4)in paragraph (3)— #####
(A)in subparagraph (A)— ######
(i)by striking “3 or more” and inserting “5 or more”; and ######
(ii)by striking “the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010” and inserting “the Iran Threat Reduction and Syria Human Rights Act of 2012”; and #####
(B)in subparagraph (B)— ######
(i)in clause (ii), by striking “; or” and inserting a semicolon; ######
(ii)in clause (iii), by striking the period at the end and inserting a semicolon; and ######
(iii)by adding at the end the following: > > ###### “(iv) > > bartering or contracting by which goods are exchanged for goods, including the insurance or reinsurance of such exchanges; or > > > ###### “(v) > > purchasing, subscribing to, or facilitating the issuance of sovereign debt of the Government of Iran, including governmental bonds, issued on or after the date of the enactment of the Iran Threat Reduction and Syria Human Rights Act of 2012.” > ; and ####
(5)by adding at the end the following: > > #### “(4) Joint ventures with iran relating to developing petroleum resources > > > ##### “(A) In general > > Except as provided in subparagraph
(B)or subsection (f), the President shall impose 5 or more of the sanctions described in section 6(a) with respect to a person if the President determines that the person knowingly participates, on or after the date of the enactment of the Iran Threat Reduction and Syria Human Rights Act of 2012, in a joint venture with respect to the development of petroleum resources outside of Iran if— > > > ###### “(i) > > the joint venture is established on or after January 1, 2002; and > > > ###### “(ii) > > > ######
(I)> > the Government of Iran is a substantial partner or investor in the joint venture; or > > > ###### “(II) > > Iran could, through a direct operational role in the joint venture or by other means, receive technological knowledge or equipment not previously available to Iran that could directly and significantly contribute to the enhancement of Iran’s ability to develop petroleum resources in Iran. > > > ##### “(B) Applicability > > Subparagraph
(A)shall not apply with respect to participation in a joint venture established on or after January 1, 2002, and before the date of the enactment of the Iran Threat Reduction and Syria Human Rights Act of 2012, if the person participating in the joint venture terminates that participation not later than the date that is 180 days after such date of enactment. > > > #### “(5) Support for the development of petroleum resources and refined petroleum products in iran > > > ##### “(A) In general > > Except as provided in subsection (f), the President shall impose 5 or more of the sanctions described in section 6(a) with respect to a person if the President determines that the person knowingly, on or after the date of the enactment of the Iran Threat Reduction and Syria Human Rights Act of 2012, sells, leases, or provides to Iran goods, services, technology, or support described in subparagraph (B)— > > > ###### “(i) > > any of which has a fair market value of $1,000,000 or more; or > > > ###### “(ii) > > that, during a 12-month period, have an aggregate fair market value of $5,000,000 or more. > > > ##### “(B) Goods, services, technology, or support described > > Goods, services, technology, or support described in this subparagraph are goods, services, technology, or support that could directly and significantly contribute to the maintenance or enhancement of Iran’s— > > > ###### “(i) > > ability to develop petroleum resources located in Iran; or > > > ###### “(ii) > > domestic production of refined petroleum products, including any direct and significant assistance with respect to the construction, modernization, or repair of petroleum refineries or directly associated infrastructure, including construction of port facilities, railways, and roads, the primary use of which is to support the delivery of refined petroleum products. > > > #### “(6) Development and purchase of petrochemical products from iran > > > ##### “(A) In general > > Except as provided in subsection (f), the President shall impose 5 or more of the sanctions described in section 6(a) with respect to a person if the President determines that the person knowingly, on or after the date of the enactment of the Iran Threat Reduction and Syria Human Rights Act of 2012, sells, leases, or provides to Iran goods, services, technology, or support described in subparagraph (B)— > > > ###### “(i) > > any of which has a fair market value of $250,000 or more; or > > > ###### “(ii) > > that, during a 12-month period, have an aggregate fair market value of $1,000,000 or more. > > > ##### “(B) Goods, services, technology, or support described > > Goods, services, technology, or support described in this subparagraph are goods, services, technology, or support that could directly and significantly contribute to the maintenance or expansion of Iran’s domestic production of petrochemical products.” > .
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- Pub. L. 104-172
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Sec. 201
EXPANSION OF SANCTIONS WITH RESPECT TO THE ENERGY SECTOR OF IRAN
Pub. L.Pub. L. 104-172
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