Sec. 1242. DEFINITIONS

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## SEC. 1242 DEFINITIONS **[**[22 U.S.C. 8801](/us/usc/t22/s8801)**]** ###

(a)In General In this subtitle: ####

(1)Agricultural commodity The term “**agricultural commodity**” has the meaning given that term in section 102 of the Agricultural Trade Act of 1978 (7 U.S.C. 5602). ####

(2)Appropriate congressional committees The term “**appropriate congressional committees**” means— #####

(A)the committees specified in section 14(2) of the Iran Sanctions Act of 1996 (Public Law 104-172; 50 U.S.C. 1701 note); and #####

(B)the Committee on Armed Services of the Senate and the Committee on Armed Services of the House of Representatives. ####

(3)Coal The term “**coal**” means metallurgical coal, coking coal, or fuel coke. ####

(4)Correspondent account; payable-through account The terms “**correspondent account**” and “**payable- through account**” have the meanings given those terms in section 5318A of title 31, United States Code. ####

(5)Foreign financial institution The term “**foreign financial institution**” has the meaning of that term as determined by the Secretary of the Treasury pursuant to section 104(i) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 8513(i)). ####

(6)Good The term “**good**” has the meaning given that term in section 16 of the Export Administration Act of 1979 (50 U.S.C. App. 2415) (as continued in effect pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.)). ####

(7)Iranian financial institution The term “**Iranian financial institution**” has the meaning given that term in section 104A(d) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 8513b(d)). ####

(8)Iranian person The term “**Iranian person**” means— #####

(A)an individual who is a citizen or national of Iran; and #####

(B)an entity organized under the laws of Iran or otherwise subject to the jurisdiction of the Government of Iran. ####

(9)Knowingly The term “**knowingly**”, with respect to conduct, a circumstance, or a result, means that a person has actual knowledge, or should have known, of the conduct, the circumstance, or the result. ####

(10)Medical device The term “**medical device**” has the meaning given the term “**device**” in section 201 of the Federal Food, Drug, and Cosmetic Act (21 U.S.C. 321). ####

(11)Medicine The term “**medicine**” has the meaning given the term “**drug**” in section 201 of the Federal Food, Drug, and Cosmetic Act (21 U.S.C. 321). ####

(12)Shipping The term “**shipping**” refers to the transportation of goods by a vessel and related activities. ####

(13)United states person The term “**United States person**” has the meaning given that term in section 101 of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 8511). ####

(14)Vessel The term “**vessel**” has the meaning given that term in section 3 of title 1, United States Code. ###

(b)Determinations of Significance For purposes of this subtitle, in determining if financial transactions or financial services are significant, the President may consider the totality of the facts and circumstances, including factors similar to the factors set forth in section 561.404 of title 31, Code of Federal Regulations (or any corresponding similar regulation or ruling).

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