Sec. 202. IMPOSITION OF SANCTIONS WITH RESPECT TO TRANSPORTATION OF CRUDE OIL FROM IRAN AND EVASION OF SANCTIONS BY SHIPPING COMPANIES
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## SEC. 202 IMPOSITION OF SANCTIONS WITH RESPECT TO TRANSPORTATION OF CRUDE OIL FROM IRAN AND EVASION OF SANCTIONS BY SHIPPING COMPANIES ###
(a)In General Section 5(a) of the Iran Sanctions Act of 1996, as amended by section 201, is further amended by adding at the end the following: > > #### “(7) Transportation of crude oil 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— > > > ###### “(i) > > the person is a controlling beneficial owner of, or otherwise owns, operates, or controls, or insures, a vessel that, on or after the date that is 90 days after the date of the enactment of the Iran Threat Reduction and Syria Human Rights Act of 2012, was used to transport crude oil from Iran to another country; and > > > ###### “(ii) > > > ######
(I)> > in the case of a person that is a controlling beneficial owner of the vessel, the person had actual knowledge the vessel was so used; or > > > ###### “(II) > > in the case of a person that otherwise owns, operates, or controls, or insures, the vessel, the person knew or should have known the vessel was so used. > > > ##### “(B) Applicability of sanctions > > > ###### “(i) In general > > Except as provided in clause (ii), subparagraph
(A)shall apply with respect to the transportation of crude oil from Iran only if a determination of the President under section 1245(d)(4)(B) of the National Defense Authorization Act for Fiscal Year 2012 (22 U.S.C. 8513a(d)(4)(B)) that there is a sufficient supply of petroleum and petroleum products produced in countries other than Iran to permit purchasers of petroleum and petroleum products from Iran to reduce significantly their purchases from Iran is in effect at the time of the transportation of the crude oil. > > > ###### “(ii) Exception for certain countries > > Subparagraph
(A)shall not apply with respect to the transportation of crude oil from Iran to a country to which the exception under paragraph (4)(D) of section 1245(d) of the National Defense Authorization Act for Fiscal Year 2012 (22 U.S.C. 8513a(d)) to the imposition of sanctions under paragraph
(1)of that section applies at the time of the transportation of the crude oil. > > > #### “(8) Concealing iranian origin of crude oil and refined petroleum products > > > ##### “(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 is a controlling beneficial owner, or otherwise owns, operates, or controls, a vessel that, on or after the date that is 90 days after the date of the enactment of the Iran Threat Reduction and Syria Human Rights Act of 2012, is used, with actual knowledge in the case of a person that is a controlling beneficial owner or knowingly in the case of a person that otherwise owns, operates, or controls the vessel, in a manner that conceals the Iranian origin of crude oil or refined petroleum products transported on the vessel, including by— > > > ###### “(i) > > permitting the operator of the vessel to suspend the operation of the vessel’s satellite tracking device; or > > > ###### “(ii) > > obscuring or concealing the ownership, operation, or control of the vessel by— > > > ###### “(I) > > the Government of Iran; > > > ###### “(II) > > the National Iranian Tanker Company or the Islamic Republic of Iran Shipping Lines; or > > > ###### “(III) > > any other entity determined by the President to be owned or controlled by the Government of Iran or an entity specified in subclause (II). > > > ##### “(B) Additional sanction > > Subject to such regulations as the President may prescribe and in addition to the sanctions imposed under subparagraph (A), the President may prohibit a vessel owned, operated, or controlled by a person, including a controlling beneficial owner, with respect to which the President has imposed sanctions under that subparagraph and that was used for the activity for which the President imposed those sanctions from landing at a port in the United States for a period of not more than 2 years after the date on which the President imposed those sanctions. > > > ##### “(C) Vessels identified by the office of foreign assets control > > For purposes of subparagraph (A)(ii), a person shall be deemed to have actual knowledge that a vessel is owned, operated, or controlled by the Government of Iran or an entity specified in subclause
(II)or
(III)of subparagraph (A)(ii) if the International Maritime Organization vessel registration identification for the vessel is— > > > ###### “(i) > > included on a list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury for activities with respect to Iran; and > > > ###### “(ii) > > identified by the Office of Foreign Assets Control as a vessel in which the Government of Iran or any entity specified in subclause
(II)or
(III)of subparagraph (A)(ii) has an interest. > > > ##### “(D) Definition of iranian origin > > For purposes of subparagraph (A), the term ‘Iranian origin’ means— > > > ###### “(i) > > with respect to crude oil, that the crude oil was extracted in Iran; and > > > ###### “(ii) > > with respect to a refined petroleum product, that the refined petroleum product was produced or refined in Iran. > > > #### “(9) Exception for provision of underwriting services and insurance and reinsurance > > The President may not impose sanctions under paragraph
(7)or
(8)with respect to a person that provides underwriting services or insurance or reinsurance if the President determines that the person has exercised due diligence in establishing and enforcing official policies, procedures, and controls to ensure that the person does not provide underwriting services or insurance or reinsurance for the transportation of crude oil or refined petroleum products from Iran in a manner for which sanctions may be imposed under either such paragraph.” > . ###
(b)Regulations and Guidelines **[**[50 U.S.C. 1701 note](/us/usc/t50/s1701)**]** Not later than 90 days after the date of the enactment of this Act, the President shall prescribe such regulations or guidelines as are necessary to implement paragraphs (7), (8), and
(9)of section 5(a) of the Iran Sanctions Act of 1996, as added by this section, including such regulations or guidelines as are necessary to implement subparagraph
(B)of such paragraph (8).
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Sec. 202
IMPOSITION OF SANCTIONS WITH RESPECT TO TRANSPORTATION OF CRUDE OIL FROM IRAN AND EVASION OF SANCTIONS BY SHIPPING COMPANIES
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