Sec. 204. EXPANSION OF SANCTIONS AVAILABLE UNDER THE IRAN SANCTIONS ACT OF 1996
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## SEC. 204 EXPANSION OF SANCTIONS AVAILABLE UNDER THE IRAN SANCTIONS ACT OF 1996 ###
(a)In General Section 6(a) of the Iran Sanctions Act of 1996 (Public Law 104-172; 50 U.S.C. 1701 note) is amended— ####
(1)by redesignating paragraph
(9)as paragraph (12); and ####
(2)by inserting after paragraph
(8)the following: > > #### “(9) Ban on investment in equity or debt of sanctioned person > > The President may, pursuant to such regulations or guidelines as the President may prescribe, prohibit any United States person from investing in or purchasing significant amounts of equity or debt instruments of a sanctioned person. > > > #### “(10) Exclusion of corporate officers > > The President may direct the Secretary of State to deny a visa to, and the Secretary of Homeland Security to exclude from the United States, any alien that the President determines is a corporate officer or principal of, or a shareholder with a controlling interest in, a sanctioned person. > > > #### “(11) Sanctions on principal executive officers > > The President may impose on the principal executive officer or officers of any sanctioned person, or on persons performing similar functions and with similar authorities as such officer or officers, any of the sanctions under this subsection.” > . ###
(b)Effective Date **[**[50 U.S.C. 1701 note](/us/usc/t50/s1701)**]** The amendments made by subsection
(a)shall take effect on the date of the enactment of this Act and apply with respect to activities described in subsections
(a)and
(b)of section 5 of the Iran Sanctions Act of 1996, as amended by this title, commenced on or after such date of enactment.
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- Pub. L. 104-172
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Sec. 204
EXPANSION OF SANCTIONS AVAILABLE UNDER THE IRAN SANCTIONS ACT OF 1996
Pub. L.Pub. L. 104-172
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