Sec. 505. REPORTS ON NATURAL GAS EXPORTS FROM IRAN
414 words·~2 min read·
/statute-compilations/comps-10010/sec-505A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 505 REPORTS ON NATURAL GAS EXPORTS FROM IRAN ###
(a)Report by Energy Information Administration Not later than 60 days after the date of the enactment of this Act, the Administrator of the Energy Information Administration shall submit to the President and the appropriate congressional committees a report on the natural gas sector of Iran that includes— ####
(1)an assessment of exports of natural gas from Iran; ####
(2)an identification of the countries that purchase the most natural gas from Iran; ####
(3)an assessment of alternative supplies of natural gas available to those countries; ####
(4)an assessment of the impact a reduction in exports of natural gas from Iran would have on global natural gas supplies and the price of natural gas, especially in countries identified under paragraph (2); and ####
(5)such other information as the Administrator considers appropriate. ###
(b)Report by President ####
(1)In general Not later than 60 days after receiving the report required by subsection (a), the President shall, relying on information in that report, submit to the appropriate congressional committees a report that includes— #####
(A)an assessment of— ######
(i)the extent to which revenues from exports of natural gas from Iran are still enriching the Government of Iran; ######
(ii)whether a sanctions regime similar to the sanctions regime imposed with respect to purchases of petroleum and petroleum products from Iran pursuant to section 1245 of the National Defense Authorization Act for Fiscal Year 2012, as amended by sections 503 and 504, or other measures could be applied effectively to exports of natural gas from Iran; ######
(iii)the geostrategic implications of a reduction in exports of natural gas from Iran, including the impact of such a reduction on the countries identified under subsection (a)(2); ######
(iv)alternative supplies of natural gas available to those countries; and ######
(v)the impact a reduction in exports of natural gas from Iran would have on global natural gas supplies and the price of natural gas and the impact, if any, on swap arrangements for natural gas in place between Iran and neighboring countries; and #####
(B)specific recommendations with respect to measures designed to limit the revenue received by the Government of Iran from exports of natural gas; and #####
(C)any other information the President considers appropriate. ####
(2)Form of report Each report required by paragraph
(1)shall be submitted in unclassified form but may contain a classified annex.