119-hr2570

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2570 Introduced in House

    (IH) ]

<DOC>

119th CONGRESS
 1st Session
 H. R. 2570

 To impose additional sanctions with respect to Iran and modify other 
 existing sanctions with respect to Iran, and for other purposes.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 April 1, 2025

Mr. Nunn of Iowa (for himself, Mr. Pfluger, Mr. Williams of Texas, Ms. 
 Tenney, Mrs. Houchin, Mr. Ciscomani, Mr. Wittman, Mr. Collins, Mr. 
 Wilson of South Carolina, Mr. Finstad, Mr. Owens, Mr. Fitzgerald, Mr. 
 Crenshaw, Mr. Smith of New Jersey, Mr. Fleischmann, Mr. Dunn of 
 Florida, Mr. Luttrell, Mrs. Hinson, Mr. Hern of Oklahoma, Mr. Bacon, 
 Mr. Steil, Mr. Stutzman, Ms. Salazar, Mr. Lawler, Mr. Zinke, Mr. 
 Langworthy, Mr. Moolenaar, Mr. Fallon, Ms. Van Duyne, Mr. Steube, Mr. 
Scott Franklin of Florida, Mr. Miller of Ohio, Mr. Yakym, Mr. Huizenga, 
 Mr. Tony Gonzales of Texas, Mr. Goldman of Texas, Mr. Cline, and Mr. 
Joyce of Ohio) introduced the following bill; which was referred to the 
Committee on Foreign Affairs, and in addition to the Committees on the 
 Judiciary, Ways and Means, Oversight and Government Reform, Financial 
 Services, Rules, and Intelligence (Permanent Select), for a period to 
 be subsequently determined by the Speaker, in each case for 
consideration of such provisions as fall within the jurisdiction of the 
 committee concerned

_______________________________________________________________________

 A BILL

 To impose additional sanctions with respect to Iran and modify other 
 existing sanctions with respect to Iran, and for other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Maximum Pressure 
Act''.

    (b) Table of Contents.--The table of contents for this Act is as 
follows:

Sec. 1. Short title; table of contents.

Sec. 2. Findings.

Sec. 3. Sense of Congress on Iranian responsibility for Hamas terror 
 attacks on October 7, 2023.

Sec. 4. Statement of policy.

Sec. 5 Codification of united states policy.

Sec. 5. Severability.
 TITLE I--MATTERS RELATING TO SANCTIONS AND SANCTION AUTHORITIES

Sec. 101. Codification of executive orders and continuation of certain 
 existing sanctions.

Sec. 102. Sanctions with respect to the Supreme Leader of Iran.

Sec. 103. Sanctions with respect to listed persons involved in 
 international arms sales to Iran.

Sec. 104. Additional conditions for termination and elimination of 
 sunset of sanctions under the Iran 
 Sanctions Act of 1996.

Sec. 105. Sectoral sanctions on Iran under the Iran Freedom and 
 Counter-Proliferation Act of 2012.

Sec. 106. Amendments to the Comprehensive Iran Sanctions, 
 Accountability, and Divestment Act of 2010.

Sec. 107. Congressional review of certain actions relating to sanctions 
 imposed with respect to Iran.

Sec. 108. Clarification of guidance relating to Iran's shipping sector.

Sec. 109. Sunset of waiver and license authorities.

Sec. 110. Codification and application on transfers of funds involving 
 Iran.

Sec. 111. Applicability of congressional review of certain agency 
 rulemaking relating to Iran.

Sec. 112. Expansion of sanctions with respect to efforts by Iran to 
 acquire ballistic missile and related 
 technology.

Sec. 113. Expansion of sanctions under Iran Sanctions Act of 1996 with 
 respect to persons that acquire or develop 
 ballistic missiles.

Sec. 114. Imposition of sanctions with respect to ballistic missile 
 program of Iran.

Sec. 115. Mandatory sanctions with respect to financial institutions 
 that engage in certain transactions on 
 behalf of persons involved in human rights 
 abuses or that export sensitive technology 
 to Iran.

Sec. 116. Additional sanctions with respect to foreign persons that 
 support or conduct certain transactions 
 with Iran's Revolutionary Guard Corps or 
 other sanctioned persons.
 TITLE II--MATTERS RELATING TO THE FINANCING OF TERRORISM

Sec. 201. Prohibitions of International Monetary Fund allocations for 
 Iran.

Sec. 202. Certification requirement for removal of designation of Iran 
 as a jurisdiction of primary money 
 laundering concern.

Sec. 203. Requirement to take special measures at domestic financial 
 institutions.

Sec. 204. Additional sanctions with respect to foreign persons that are 
 officials, agents, or affiliates of, or 
 owned or controlled by, Iran's 
 Revolutionary Guard Corps.

Sec. 205. Additional sanctions with respect to foreign persons that 
 support or conduct certain transactions 
 with Iran's Revolutionary Guard Corps or 
 other sanctioned persons.

Sec. 206. Reports on certain Iranian persons and sectors of Iran's 
 economy that are controlled by Iran's 
 Revolutionary Guard Corps.
 TITLE III--MATTERS RELATING TO THE DESIGNATION OF CERTAIN ENTITIES

Sec. 301. Prohibition on future waivers and licenses connected to the 
 designation of the IRGC.

Sec. 302. Prohibition on future waivers and licenses connected to the 
 designation of the IRGC as a foreign 
 terrorist organization.

Sec. 303. Codification of Executive Order 14175 relating to Ansar Allah 
 in Yemen.
 TITLE IV--DETERMINATIONS AND REPORTS

Sec. 401. Determinations with respect to the imposition of sanctions.

Sec. 402. Iranian militia watchlists.

Sec. 403. Expansion of reporting to include Iranian arms shipments to 
 the Houthis and Iranian backed militias in 
 Iraq and Syria.

Sec. 404. Annual report on Iran sanctions violations.

Sec. 405. Report on sanctions relief going to terrorism or 
 destabilizing activities.

Sec. 406. Supporting human rights for the people of Iran and the 
 victims of Iranian human rights abuses in 
 Syria, Lebanon, Yemen, and Venezuela.

Sec. 407. Determination with respect to net worth of Iranian Supreme 
 Leader Ayatollah Ali Khamenei.

Sec. 408. IRGC watch list and report.

Sec. 409. Report on Iran's breakout timeline for uranium enrichment and 
 nuclear weaponization.

Sec. 410. Report on Iranian disinformation campaigns and counter-
 disinformation efforts.

Sec. 411. Report on Iranian support to Hamas.

Sec. 412. Report on unblocked Iranian assets and terrorism.

Sec. 413. Report on Iranian counterintelligence threats in the United 
 States.
 TITLE V--ADDITIONAL MATTERS

Sec. 501. Increasing rewards for justice for Hamas, Hezbollah, the 
 Islamic Revolutionary Guard Corps and other 
 terrorists involved in October 7, 2023, 
 terrorist attacks against Israel.

Sec. 502. Repurposing frozen Iranian funds for United States Victims of 
 State Sponsored Terrorism fund.

Sec. 503. Determination regarding applicable Iranian financial 
 institutions under executive order 13902.

Sec. 504. Maximizing the ability of Iranian terror victims to collect 
 on existing judgments against Iran.

Sec. 505. Creation of Iran Strike Fund.

Sec. 506. Iran Kleptocracy Initiative.

SEC. 2. FINDINGS.

 Congress finds the following:

    (1) Iran is the world's leading State sponsor of terrorism. 
 It seeks ``death to America'' and the destruction of the State 
 of Israel.

    (2) United States sanctions will continue to be applied to 
 and rigorously enforced against the regime in Tehran until Iran 
 has ceased providing support for acts of international 
 terrorism and no longer satisfies the requirements for 
 designation as a state sponsor of terrorism, and has ceased the 
 pursuit, acquisition, and development of, and verifiably 
 dismantled its nuclear, biological, and chemical weapons, 
 ballistic missiles, and ballistic missile launch technology.

    (3) Iran's pursuit of nuclear weapons, its efforts to 
 destroy the State of Israel, its support of terrorism, its 
 destabilizing behavior in the Middle East, its development and 
 proliferation of drones and ballistic missiles, and its gross 
 violations of human rights against its own people and the 
 peoples of the Middle East are a threat to the national 
 security of the United States, our allies, and international 
 peace and security.

    (4) Experts from the Institute for Science and 
 International Security estimate that Iran, as of February 2025, 
 has enough highly enriched uranium to produce weapons-grade 
 uranium for 1 nuclear bomb in less than 7 days and has enough 
 enriched uranium to make weapons-grade uranium for as many as 
 17 nuclear bombs within 4 months. Iran continues to enrich 
 uranium to levels for which there is no conceivable civilian 
 purpose, and which could only be used to produce a nuclear 
 weapon.

    (5) According to multiple United States Directors of 
 National Intelligence, Iran has the largest arsenal of 
 ballistic missiles in the Middle East. Iran also possesses a 
 robust cruise missile arsenal and advanced drone capability, 
 which threaten United States and allied air and missile 
 defenses. Iran tests, transfers, and even uses these systems in 
 military operations abroad.

    (6) Iran has given ballistic missiles, drones, and 
 associated technology to the Houthis in Yemen, Shiite militias 
 in Iraq, the Assad regime in Syria, and Hezbollah in Lebanon, 
 and is trafficking precision-guided munitions parts through the 
 Middle East to upgrade the rocket forces of its chief proxy, 
 Hezbollah.

    (7) Iran has sold thousands of drones to Russia for its use 
 in its invasion of Ukraine, leading to mass attacks on civilian 
 infrastructure, and has given Russia the technology and 
 knowledge to produce these drones in Russia.

    (8) Iran continues to take United States citizens hostage 
 to extract ransom payments from the United States and exchange 
 arbitrarily detained United States citizens for Iranian agents 
 arrested for violating United States sanctions and for other 
 malign activities.

    (9) The Joint Comprehensive Plan of Action

    (JCPOA) negotiated by former President Barack Obama was fatally flawed, 
 did not eliminate Iran's pathway to a nuclear weapon, and 
 allowed Iran to retain and refine its ability to quickly resume 
 its pursuit of a nuclear weapon.

    (10) The failed Iran nuclear agreement allowed Iran to 
 export more than $300,000,000,000 of goods and services from 
 2015 to 2017 that was used by Iran to fuel proxy wars across 
 the Middle East.

    (11) The failed Iran nuclear agreement lifted the United 
 Nations conventional arms embargo on Iran in October 2020, 
 permitting Russia and China to engage in international arms 
 sales with Iran.

    (12) The failed Iran nuclear agreement also lifted the 
 United Nations missile embargo on Iran in October 2023, 
 allowing Iran to sell and purchase drone and ballistic missile 
 technology.

    (13) A central flaw of the failed Iran nuclear deal was 
 that the agreement solely focused on nuclear weapons and did 
 not address non-nuclear issues like Iran's support for 
 terrorism, drone and ballistic missile technology, gross human 
 rights abuses, and Iran's other malign activities.

    (14) Iran received significant sanctions relief from the 
 previous sanctions imposed by the European Union, the United 
 States, and previous United Nations Security Council

    (UNSC) resolutions.

    (15) Iran used this sanctions relief to fund its terrorist 
 proxies, regional aggression, and its expansion of its 
 ballistic missile program.

    (16) Iran has repeatedly violated the terms of the JCPOA 
 and UNSCR 2231, including by--
        (A) lifting the cap on its stockpile of uranium;
        (B) increasing its enrichment activities to 60 
 percent purity, expanding its enrichment capabilities;
            (C) resuming its activity at prohibited nuclear 
 facilities; and
            (D) preventing the International Atomic Energy 
 Agency

    (IAEA) from being able to effectively monitor 
 its nuclear activities.

    (17) Iran repeatedly violated UNSCR 2231's restrictions on 
 ballistic missile testing and development, as well as United 
 Nations-imposed and internationally binding arms export and 
 import embargoes.

    (18) UNSCR 2231 includes a formal mechanism for a 
 participant state of the JCPOA, if it believes there has been 
 significant non-performance of commitments under the JCPOA by 
 Iran, to trigger a process that would require the UNSC to 
 ``snapback'' all United Nation sanctions on Iran that has been 
 lifted pursuant to UNSCR 2231.

    (19) On September 14, 2024, in a joint statement, the 
 United States and United Kingdom acknowledged publicly that 
 Iran's nuclear program ``has never been more advanced and posed 
 a clear threat to regional and global peace and security''.

    (20) In June and November of 2024, in efforts led by 
 France, Germany, the United Kingdom

    (E3) , and the United 
 States, the IAEA's Board of Governors voted to censure Iran for 
 non-compliance with its obligations under the Treaty on the 
 Non-Proliferation of Nuclear Weapons, done at Washington, 
 London, and Moscow July 1, 1968 (commonly referred to as the 
 ``Nuclear Nonproliferation Treaty'' or ``NPT'').

    (21) In February 2025, the IAEA reported that Iran has 
 increased production of 60 percent highly enriched uranium from 
 7 kilograms to roughly 35 kilograms per month, and currently 
 possesses about 275 kilograms, enough to fuel nearly 7 nuclear 
 weapons. According to the Institute for Science and 
 International Security, if Iran enriched all its uranium stocks 
 to 90 percent, it could fuel 17 weapons within 4 months.

    (22) Under UNSCR 2231, the resolution, including the 
 ``snapback'' mechanism, terminates 10 years after Adoption Day 
 for the JCPOA, which will be October 18, 2025.

    (23) The E3 must invoke the ``snapback'' of United Nations 
 sanctions against Iran under UNSCR 2231 as soon as possible 
 before the option expires on October 18, 2025.

    (24) 2 weeks after President Trump withdrew from the failed 
 Iran nuclear deal, former Secretary of State Mike Pompeo laid 
 out 12 demands that would need to be met by Iran as part of any 
 agreement related to the lifting of sanctions, and the re-
 establishment of diplomatic and commercial relations with Iran.

    (25) Former President Donald Trump's maximum pressure 
 campaign on Iran denied the regime unprecedented revenue it 
 would have otherwise spent on terrorism.

    (26) On December 31, 2019, then-Iranian President Hassan 
 Rouhani admitted that Iran had lost $200,000,000,000 in revenue 
 because of United States sanctions.

    (27) Iran's 2019 defense budget cut defense spending by 28 
 percent, including a 17 percent cut to the Islamic 
 Revolutionary Guard Corps, a designated foreign terrorist 
 organization. Hezbollah terrorists and Iranian backed militias 
 were denied resources and were forced to cut salaries of their 
 fighters.

    (28) The Iranian rial lost around 70 percent of its value 
 due to President Trump's maximum pressure campaign.

    (29) According to the International Monetary Fund, Iran's 
 accessible foreign exchange reserves plunged to $4,000,000,000 
 in 2020 from $123,000,000,000 in 2018, or a decrease of over 96 
 percent.

    (30) During the maximum pressure campaign, the United 
 States was able to achieve the release of 2 hostages in Iran, 
 Xiyue Wang and Michael White, without lifting sanctions or 
 transferring cash to Iran.

    (31) President Joe Biden's relentless attempts to re-enter 
 the failed Iran nuclear agreement squandered much of the 
 leverage created by President Trump's maximum pressure 
 campaign.

    (32) The Biden Administration's pursuit of an even weaker 
 deal with Iran broke previous pledges made by administration 
 officials to pursue a ``longer and stronger'' deal that 
 extended sunset dates of restrictions, and which would cover a 
 broader range of Iran's malign activity.

    (33) Amid the multiple failed rounds of talks to get Iran 
 to re-enter the Iran nuclear agreement, the Biden 
 administration reportedly offered to remove the Islamic 
 Revolutionary Guard Corps from the Foreign Terrorist 
 Organization list, despite the group's obvious involvement in 
 and support for terrorism, until news of this offer became 
 public.

    (34) The Iranian regime has made around $200,000,000,000 in 
 illicit oil sales since President Biden took office due to the 
 administration's lax enforcement of sanctions on Iranian oil 
 exports. Total Iranian oil exports reached nearly 2,000,000 
 barrels per day in August 2023, the highest since before the 
 maximum pressure campaign began.

    (35) In 2021, Iran increased funding for the Islamic 
 Revolutionary Guard Corps by 14 percent, reversing budget cuts 
 imposed as a result of maximum pressure.

    (36) Iran's accessible foreign exchange reserves have risen 
 from $4,000,000,000 in 2020 to at least $43,000,000,000 in 
 2023.

    (37) In July 2023, the United States unfroze nearly 
 $10,000,000,000 held in Iraqi banks for Iraq to pay to the 
 Iranian regime.

    (38) In August 2023, the Biden Administration agreed to 
 give Iran access to $6,000,000,000 in previously frozen funds 
 and released several Iranians in prison for violating United 
 States sanctions in exchange for the release of 5 United States 
 hostages. This represents the largest ransom payment in United 
 States history.

    (39) On March 18, 2021, in an interview with BBC Persian, 
 President Biden's Special Envoy for Iran and lead United States 
 negotiator in talks to re-enter the Iran deal, Robert Malley, 
 stated ``President Biden and all of his senior advisers have 
 said this--the maximum pressure campaign has failed. It was a 
 failure, a predicted failure. It hasn't made life any better 
 for the Iranian people; it hasn't made life any better for the 
 United States and the region; it hasn't brought us any closer 
 to this better deal that President Trump spoke about.''.

    (40) In June 2023, it was revealed that the State 
 Department had placed Malley on leave and had suspended his 
 security clearance, reportedly due to accusations that Malley 
 mishandled classified information.

    (41) In September 2023, it was revealed that Malley had 
 deep ties to several experts who were part of an Iranian 
 Government influence operation during the Iran deal 
 negotiations to convince Western governments to support lighter 
 demands on Iran. These experts have since served in senior 
 staff positions in the Department of Defense and have advised 
 executive branch officials on issues related to Iran.

    (42) In September 2022, the Iranian regime's ``Morality 
 Police'' detained, brutally beat, and killed 22-year old Mahsa 
 Amini for allegedly violating Islamic dress code. Mahsa's death 
 spurred the largest anti-regime and pro-democracy protests in 
 Iran since the 1979 revolution, with hundreds of thousands of 
 Iranians chanting ``Death to the Dictator''.

    (43) Iranian regime forces cracked down on the protests, 
 killing at least 500 protestors, and eventually reinstated 
 street patrols of the Morality Police and has continued 
 brutalizing women who do not adhere to its strict dress code.

    (44) On September 12, 2023, the House of Representatives 
 passed the passed the MAHSA Act, which imposes sanctions on 
 Iranian leadership, including the Supreme Leader of Iran, for 
 their responsibility for Mahsa's death and for their repression 
 of innocent Iranians like Mahsa. The MAHSA Act represents a 
 Congress bipartisan consensus that the Biden administration's 
 policy on Iran has clearly failed and that Iranian regime 
 officials must be held accountable for their crimes.

    (45) Emboldened by the failure of the Biden 
 administration's Iran policy, Iranian proxy group Hamas carried 
 out a massacre of Israeli and other civilians on October 7, 
 2023, that killed more than 1,400 Israelis and foreign 
 nationals, including United States citizens, and which took 
 nearly 200 people into Gaza as hostages.

    (46) The Congress supports Israel's defensive military 
 campaign against Hamas and its stated goals to destroy Hamas, 
 secure the return of all hostages, and prevent such an attack 
 from ever happening again.

    (47) Additionally, Hezbollah's escalation of rocket, drone, 
 and missile attacks against northern Israel following the 
 October 7, 2023, Hamas attack displaced tens of thousands of 
 Israeli civilians and posed an ongoing threat to regional 
 stability.

    (48) Israel's efforts to neutralize Hezbollah's command 
 structure was a critical step in countering Iran's malign 
 influence through its proxy networks, consistent with shared 
 United States-Israel strategic objectives to combat terrorism 
 and promote security in the Middle East.

    (49) Israel's precision airstrikes in September 2024, which 
 resulted in the liquidation of Hassan Nasrallah, Secretary-
 General of Hezbollah, and other senior commanders in Beirut, 
 effectively disrupted the operational capacity of this Iran-
 backed terrorist organization, responsible for over 300 
 projectile attacks on Israel since October 2023, and recognizes 
 these actions as advancing shared United States-Israel goals of 
 regional stability and counterterrorism.

    (50) Taking advantage of the situation, Ansar Allah (the 
 Houthis), an Iran-backed militant group, conducted over 100 
 attacks on commercial vessels and U.S. Navy warships in the Red 
 Sea and Gulf of Aden since November 2023, endangering American 
 personnel, disrupting global trade, and threatening freedom of 
 navigation through critical maritime chokepoints such as the 
 Bab al-Mandab Strait.

    (51) President Trump's authorization of large-scale air and 
 naval strikes on March 15, 2025, against Ansar Allah (the 
 Houthis) in Yemen, targeting their missile, drone, and radar 
 capabilities, was a necessary and justified response to the 
 Houthi attacks on United States Navy warships and commercial 
 vessels in the Red Sea since November 2023, and supports these 
 actions as vital to protecting American lives, securing 
 maritime trade routes, and countering Iran-backed terrorism.

    (52) National Security Presidential Memorandum 2 (NSPM-2), 
 issued by President Donald J. Trump on February 4, 2025, 
 strengthens United States policy by directing maximum economic 
 and diplomatic pressure on Iran to halt its support for 
 terrorist proxies like Ansar Allah and Hezbollah, and supports 
 this memorandum as a critical framework for denying Iran the 
 resources to threaten United States interests and allies in the 
 Middle East.

    (53) Iran and its proxies have planned, directed, 
 sponsored, and funded terrorist plots throughout the world and 
 on United States soil, including the October 2023, mass murder 
 and hostage-taking of Israeli civilians by Hamas and the 
 killing of at least 31 United States citizens in that attack, 
 the 2011 attempted assassination of the Saudi Arabian 
 Ambassador to the United States in Washington, DC, the 1994 
 bombing of the Asociacion Mutual Israelita Argentina in Buenos 
 Aires, Argentina, which killed over 85 people, and the 2012 bus 
 bombing in Burgas, Bulgaria, which killed 5 Israelis.

    (54) NSPM-2 is a vital component of United States national 
 security strategy, recognizing that Iran's Islamic 
 Revolutionary Guard Corps

    (IRGC) and Quds Force have armed, 
 trained, and directed Ansar Allah and Hezbollah, contributing 
 to attacks on United States forces, allies, and international 
 shipping.

    (55) NSPM-2 enhances the effectiveness of military actions 
 against Iran's proxies, such as the strikes on Ansar Allah and 
 Israel's operations against Hezbollah, by addressing the root 
 source of their funding and logistical support, thereby 
 advancing United States interests in a stable and secure Middle 
 East.

SEC. 3. SENSE OF CONGRESS ON IRANIAN RESPONSIBILITY FOR HAMAS TERROR 
 ATTACKS ON OCTOBER 7, 2023.

 It is the sense of Congress that--

    (1) Iran is clearly culpable for Hamas' terrorist attack 
 against Israel on October 7, 2023, as a result of its funding, 
 training, and coordination of Hamas and other terrorist 
 organizations;

    (2) any funds directly or indirectly released to Iran, or 
 funds freed up by the expectation of the imminent release of 
 those funds, benefit Iran's terrorist proxies like Hamas and 
 Hezbollah and encourage further acts of terrorism;

    (3) all funds previously released to Iran be immediately 
 frozen and that all licenses and waivers allowing funding to 
 directly or indirectly flow to Iran be suspended immediately; 
 and

    (4) the only suitable punishment for Iran's participation 
 in and organization of this mass murder is for the United 
 States to halt its appeasement of the Iranian regime and to 
 return to a policy of maximum pressure.

SEC. 4. STATEMENT OF POLICY.

 It is the policy of the United States as follows:

    (1) To deny Iran all paths to a nuclear weapon and 
 intercontinental ballistic missiles capability, including by 
 permanently, verifiably, and irreversibly eliminating its 
 capabilities related to enrichment.

    (2) To deter and defeat any attempts by Iran and its 
 terrorist proxies to destroy the State of Israel.

    (3) To roll back the totality of Iran's malign influence 
 and activities in the Middle East.

    (4) To support the human rights of the people of Iran and 
 to encourage their continued opposition to their illegitimate 
 and brutal regime.

    (5) To require that any new agreement with Iran should be 
 submitted to the Senate for ratification as a treaty.

    (6) To impose maximum economic pressure on Iran, and keep 
 all sanctions in place on Iran, until the regime fulfills the 
 following 12 demands laid out by former Secretary of State 
 Pompeo on May 21, 2018:
        (A) Iran must declare to the International Atomic 
 Energy Agency a full account of the prior military 
 dimensions of its nuclear program, and permanently and 
 verifiably abandon such work in perpetuity.
        (B) Iran must stop enrichment and never pursue 
 plutonium reprocessing, including closing its heavy 
 water reactor.
            (C) Iran must also provide the International Atomic 
 Energy Agency with unqualified access to all sites 
 throughout the entire country.
            (D) Iran must end its proliferation of ballistic 
 missiles and halt further launching or development of 
 nuclear-capable missile systems.
        (E) Iran must release all United States citizens as 
 well as citizens of United States partners and allies, 
 each of them detained on spurious charges.
        (F) Iran must end its support for terrorism, 
 including Hezbollah, Hamas and Palestinian Islamic 
 Jihad.
        (G) Iran must respect the sovereignty of the Iraqi 
 Government and permit the disarming, demobilization and 
 reintegration of Iranian backed militias.
        (H) Iran must end its military support for the 
 Houthi terrorists and work towards a peaceful, 
 political settlement in Yemen.
            (I) Iran must withdraw all forces under Iranian 
 command throughout the entirety of Syria.
        (J) Iran must end support for the Taliban and other 
 terrorists in Afghanistan and the region and cease 
 harboring senior al-Qaeda leaders.
        (K) Iran must end the Islamic Revolutionary Guard 
 Corps' support for terrorists around the world.
            (L) Iran must end its threatening behavior against 
 its neighbors including its threats to destroy Israel 
 and its firing of missiles at Saudi Arabia and the 
 United Arab Emirates, and threats to international 
 shipping and destructive cyberattacks.

SEC. 5. CODIFICATION OF UNITED STATES POLICY.

    (a) United States 

=== Policy ===
-The United States, in 2025, declared 
through National Security Presidential Memorandum 2 (NSPM-2), issued by 
President Donald J. Trump on February 4, 2025, and has reaffirmed 
since, that ``The United States will pursue a policy of maximum 
economic and diplomatic pressure on the Iranian regime to deny it all 
paths to a nuclear weapon, curtail its ballistic missile program, and 
counter its support for terrorist proxies, including but not limited to 
Ansar Allah and Hezbollah, until such time as Iran ceases its malign 
activities and complies with international obligations under the Treaty 
on the Non-Proliferation of Nuclear Weapons and relevant United Nations 
Security Council resolutions''.

    (b) Reaffirmation and Codification of 

=== Policy ===
-The United States 
hereby reaffirms that policy. In accordance with NSPM-2, no officer or 
employee of the United States Government and no agent or other 
individual acting on behalf of the United States Government shall 
provide sanctions relief to, rescind or otherwise fail to enforce 
sanctions against the Government of Iran, the Islamic Revolutionary 
Guard Corps

    (IRGC) , or any representatives thereof (except in emergency 
or humanitarian situations) unless and until Iran ceases its support 
for international terrorism, halts its ballistic missile development, 
and verifiably dismantles its nuclear weapons program, and no funds 
authorized to be appropriated by this or any other Act may be obligated 
or made available for the conduct of any dialogue or engagement with 
Iranian officials or entities if the President knows and advises the 
Congress that such officials or entities directly participated in the 
planning or execution of a particular terrorist activity which resulted 
in the death or kidnapping of a United States person.

SEC. 6. SEVERABILITY.

 If any provision of this Act, or an amendment made by this Act, or 
the application of such provision or amendment to any person or 
circumstance, is held to be invalid, the remainder of this Act, the 
amendments made by this Act, and the application of such provision and 
amendments to other persons or circumstances, shall not be affected.

 TITLE I--MATTERS RELATING TO SANCTIONS AND SANCTION AUTHORITIES

SEC. 101. CODIFICATION OF EXECUTIVE ORDERS AND CONTINUATION OF CERTAIN 
 EXISTING SANCTIONS.

    (a) Codification.--Executive Orders 13606, 13628, 13846, 13871, 
13876, 13902, and 13949, as in effect on January 20, 2021, shall remain 
in effect and continue to apply until the date on which the President 
submits a certification to Congress pursuant to 

section 8 of the Iran 
Sanctions Act of 1996 (50 U.S.C. 1701 note), as amended by this Act.

    (b) Prohibition on Removal of Persons From SDN List.--The President 
may not remove the following individuals or entities from the Specially 
Designated Nationals and Blocked Persons list maintained by the Office 
of Foreign Asset Control of the Department of the Treasury, if such 
persons were placed on such list during the period beginning on May 8, 
2019, and ending January 20, 2021, unless the President submits a 
certification to Congress pursuant to 

section 8 of the Iran Sanctions 
Act of 1996 (50 U.S.C. 1701 note) as amended by this Act:

    (1) Any Iranian individual or entity.

    (2) Any individual or entity included in such list as a 
 result of activities connected to Iran.

    (3) Asa'iab ahl al-Haq, Zainabiyoun, Fatemiyoun, and 
 Harakat Hezbollah al-Nujaba.
            (c) Reimposition of Sanctions.--Any sanctions imposed during the 
period beginning on May 8, 2019, and ending January 20, 2021, with 
respect to any person described in subsection

    (b)

    (1) or

    (b)

    (2) , and 
subsequently lifted before the date of the enactment of this Act, shall 
be reimposed with respect to such persons beginning on the date of the 
enactment of this Act and shall remain in effect until the date on 
which the President submits a certification to Congress pursuant to 

section 8 of the Iran Sanctions Act of 1996 (50 U.S.C. 1701 note) as 
amended by this Act.

SEC. 102. SANCTIONS WITH RESPECT TO THE SUPREME LEADER OF IRAN.

    (a) In General.--Not later than 30 days after the date of the 
enactment of this Act, the President shall impose the sanctions 
described in subsection

    (b) with respect to the following individuals:

    (1) The Supreme Leader of the Islamic Republic of Iran.

    (2) Other officials in the Office of the Supreme Leader of 
 the Islamic Republic of Iran.

    (3) Any person appointed by the Supreme Leader of Iran or 
 the Supreme Leader's Office to a position as--
        (A) a state official of Iran;
        (B) as the head of an entity located in Iran; or
            (C) as the head of an entity located outside of 
 Iran that is owned or controlled by 1 or more entities 
 in Iran.

    (4) Any person appointed to a position described in 
 subparagraphs
        (A) through
            (C) of paragraph

    (3) by a person 
 described in paragraph

    (3) .

    (5) Any person the President determines has materially 
 assisted, sponsored, or provided financial, material, or 
 technological support for, or goods or services to or in 
 support of any person whose property and interests in property 
 are blocked pursuant to this section.

    (6) Any person the President determines is owned or 
 controlled by, or to have acted or purported to act for or on 
 behalf of, directly or indirectly, any person whose property 
 and interests in property are blocked pursuant to this section.

    (7) Any person the President determines conducts a 
 significant transaction or transactions with, or provides 
 material support to or for anyone described in paragraphs

    (1) through

    (6) .

    (8) Any person who is a member of the board of directors or 
 a senior executive officer of any person whose property and 
 interests in property are blocked pursuant to this section.

    (9) Any person who is an immediate family member of each 
 foreign person who is subject to sanctions pursuant to 
 paragraph

    (2) .

    (b) Sanctions Described.--

    (1) In general.--The sanctions described in this subsection 
 are the following:
        (A) Blocking of property.--The President shall 
 exercise all of the powers granted to the President 
 under the International Emergency Economic Powers Act 
 (50 U.S.C. 1701 et seq.) to block and prohibit all 
 transactions in property and interests in property of 
 the foreign person if such property and interests in 
 property are in the United States, come within the 
 United States, or are or come within the possession or 
 control of a United States person.
        (B) Aliens ineligible for visas, admission, or 
 parole.--
            (i) Visas, admission, or parole.--An alien 
 who the Secretary of State or the Secretary of 
 Homeland Security (or a designee of one of such 
 Secretaries) knows, or has reason to believe, 
 has knowingly engaged in any activity described 
 in subsection

    (a)

    (2) is--
            (I) inadmissible to the United 
 States;
            (II) ineligible to receive a visa 
 or other documentation to enter the 
 United States; and
            (III) otherwise ineligible to be 
 admitted or paroled into the United 
 States or to receive any other benefit 
 under the Immigration and Nationality 
 Act (8 U.S.C. 1101 et seq.).
            (ii) Current visas revoked.--
            (I) In general.--The issuing 
 consular officer, the Secretary of 
 State, or the Secretary of Homeland 
 Security (or a designee of one of such 
 Secretaries) shall, in accordance with 
 

section 221
            (i) of the Immigration and 
 Nationality Act (8 U.S.C. 1201
            (i) ), 
 revoke any visa or other entry 
 documentation issued to an alien 
 described in clause
            (i) regardless of 
 when the visa or other entry 
 documentation is issued.
            (II) Effect of revocation.--A 
 revocation under subclause
            (I) shall 
 take effect immediately and shall 
 automatically cancel any other valid 
 visa or entry documentation that is in 
 the alien's possession.

    (2) Exceptions.--
        (A) UN headquarters agreement.--The sanctions 
 described under paragraph

    (1)
        (B) shall not apply with 
 respect to an alien if admitting or paroling the alien 
 into the United States is necessary to permit the 
 United States to comply with the Agreement regarding 
 the Headquarters of the United Nations, signed at Lake 
 Success June 26, 1947, and entered into force November 
 21, 1947, between the United Nations and the United 
 States, or other applicable international obligations.
        (B) Prior transfer directive.--The sanctions 
 described under paragraph

    (1)
        (A) shall not apply with 
 respect to property and interests in property of the 
 Government of Iran that were blocked pursuant to 
 Executive Order 12170 of November 14, 1979 (Blocking 
 Iranian Government Property), and thereafter made 
 subject to the transfer directives set forth in 
 Executive Order 12281 of January 19, 1981 (Direction to 
 Transfer Certain Iranian Government Assets), and any 
 implementing regulations with respect to such Executive 
 Order 12281.
            (C) Humanitarian exception.--The sanctions 
 described under paragraph

    (1)
        (B) and

    (1)
        (A) shall not 
 apply with respect to any person for conducting or 
 facilitating a transaction for the provision (including 
 any sale) of agricultural commodities, food, medicine, 
 or medical devices to Iran.
            (c) Penalties.--The penalties provided for in subsections

    (b) and
            (c) of 

section 206 of the International Emergency Economic Powers Act 
(50 U.S.C. 1705) shall apply to a person that violates, attempts to 
violate, conspires to violate, or causes a violation of regulations 
promulgated to carry out this section or the sanctions imposed pursuant 
to this section to the same extent that such penalties apply to a 
person that commits an unlawful act described in 

section 206

    (a) of that 
Act.

SEC. 103. SANCTIONS WITH RESPECT TO LISTED PERSONS INVOLVED IN 
 INTERNATIONAL ARMS SALES TO IRAN.

    (a) Imposition of Sanctions.--

    (1) In general.--Not later than 60 days after the date of 
 the enactment of this Act, and every 180 days thereafter, the 
 President shall impose the sanctions described in subsection

    (b) with respect to each foreign person the President 
 determines, on or after such date of enactment, engages in an 
 activity described in paragraph

    (2) .

    (2) Activity described.--An activity described in this 
 paragraph is any of the following:
        (A) Any activity that may contribute to the supply, 
 sale, or transfer, directly or indirectly, to or from 
 Iran, or for the use in or benefit of Iran, of arms or 
 related materiel, including spare parts.
        (B) The provision to the Government of Iran any 
 technical training, financial resources or services, 
 advice, other services, or assistance related to the 
 supply, sale, transfer, manufacture, maintenance, or 
 use of arms and related materiel described in 
 subparagraph
        (A) .
            (C) Any activity that may contribute to, or poses a 
 risk of materially contributing to, the proliferation 
 of arms or related materiel or items intended for 
 military end-uses or military end-users, including any 
 efforts to manufacture, acquire, possess, develop, 
 transport, transfer, or use such items, by the 
 Government of Iran (including persons owned or 
 controlled by, or acting for or on behalf of the 
 Government of Iran) or paramilitary organizations 
 financially or militarily supported by the Government 
 of Iran.
            (D) Materially assisting, sponsoring, or providing 
 financial, material, or technological support for, or 
 goods or services to or in support of, any person that 
 engages in the conduct described in subparagraph
        (A) ,
        (B) , or
            (C) .
        (E) Making any contribution or provision of funds, 
 goods, or services by, to, or for the benefit of any 
 person that engages in the conduct described in 
 subparagraph
        (A) ,
        (B) , or
            (C) .
        (F) Receiving any contribution or provision of 
 funds, goods, or services from any person that engages 
 in the conduct described in subparagraph
        (A) ,
        (B) , or
            (C) .
        (G) Owning or controlling, or acting or purporting 
 to act for or on behalf of, directly or indirectly, any 
 person that engages in the conduct described in 
 subparagraph
        (A) ,
        (B) ,
            (C) ,
            (D) ,
        (E) , or
        (F) .

    (b) Sanctions Described.--

    (1) In general.--The sanctions described in this subsection 
 are the following:
        (A) Blocking of property.--The President shall 
 exercise all of the powers granted to the President 
 under the International Emergency Economic Powers Act 
 (50 U.S.C. 1701 et seq.) to the extent necessary to 
 block and prohibit all transactions in property and 
 interests in property of the foreign person if such 
 property and interests in property are in the United 
 States, come within the United States, or are or come 
 within the possession or control of a United States 
 person.
        (B) Aliens ineligible for visas, admission, or 
 parole.--
            (i) Visas, admission, or parole.--An alien 
 who the Secretary of State or the Secretary of 
 Homeland Security (or a designee of one of such 
 Secretaries) knows, or has reason to believe, 
 has knowingly engaged in any activity described 
 in subsection

    (a)

    (2) is--
            (I) inadmissible to the United 
 States;
            (II) ineligible to receive a visa 
 or other documentation to enter the 
 United States; and
            (III) otherwise ineligible to be 
 admitted or paroled into the United 
 States or to receive any other benefit 
 under the Immigration and Nationality 
 Act (8 U.S.C. 1101 et seq.).
            (ii) Current visas revoked.--
            (I) In general.--The issuing 
 consular officer, the Secretary of 
 State, or the Secretary of Homeland 
 Security (or a designee of one of such 
 Secretaries) shall, in accordance with 
 

section 221
            (i) of the Immigration and 
 Nationality Act (8 U.S.C. 1201
            (i) ), 
 revoke any visa or other entry 
 documentation issued to an alien 
 described in clause
            (i) regardless of 
 when the visa or other entry 
 documentation is issued.
            (II) Effect of revocation.--A 
 revocation under subclause
            (I) shall 
 take effect immediately and shall 
 automatically cancel any other valid 
 visa or entry documentation that is in 
 the alien's possession.

    (2) Exceptions.--
        (A) UN headquarters agreement.--The sanctions 
 described under paragraph

    (1)
        (B) shall not apply with 
 respect to an alien if admitting or paroling the alien 
 into the United States is necessary to permit the 
 United States to comply with the Agreement regarding 
 the Headquarters of the United Nations, signed at Lake 
 Success June 26, 1947, and entered into force November 
 21, 1947, between the United Nations and the United 
 States, or other applicable international obligations.
        (B) Prior transfer directive.--The sanctions 
 described under paragraph

    (1)
        (A) shall not apply with 
 respect to property and interests in property of the 
 Government of Iran that were blocked pursuant to 
 Executive Order 12170 of November 14, 1979 (Blocking 
 Iranian Government Property), and thereafter made 
 subject to the transfer directives set forth in 
 Executive Order 12281 of January 19, 1981 (Direction to 
 Transfer Certain Iranian Government Assets), and any 
 implementing regulations with respect to such Executive 
 Order 12281.
            (C) Humanitarian exception.--The sanctions 
 described under paragraph

    (1)
        (B) and

    (1)
        (A) shall not 
 apply with respect to any person for conducting or 
 facilitating a transaction for the provision (including 
 any sale) of agricultural commodities, food, medicine, 
 or medical devices to Iran.
            (c) Penalties.--The penalties provided for in subsections

    (b) and
            (c) of 

section 206 of the International Emergency Economic Powers Act 
(50 U.S.C. 1705) shall apply to a person that violates, attempts to 
violate, conspires to violate, or causes a violation of regulations 
promulgated to carry out this section or the sanctions imposed pursuant 
to this section to the same extent that such penalties apply to a 
person that commits an unlawful act described in 

section 206

    (a) of that 
Act.

SEC. 104. ADDITIONAL CONDITIONS FOR TERMINATION AND ELIMINATION OF 
 SUNSET OF SANCTIONS UNDER THE IRAN SANCTIONS ACT OF 1996.

    (a) Termination Conditions.--

Section 8 of the Iran Sanctions Act of 
1996 (50 U.S.C. 1701 note) is amended--

    (1) by striking ``The requirement'' and inserting ``

    (a) In 
 General.--The requirement''; and

    (2) by adding at the end the following:
 ``

    (b) Additional Conditions for Termination.--In addition to the 
requirement under subsection

    (a) , sanctions imposed under 

section 5

    (a) shall remain in effect unless the President determines and certifies to 
the appropriate congressional committees that Iran has complied with 
each of the following:
 ``

    (1) Declared to the International Atomic Energy Agency a 
 full account of the prior military dimensions of its nuclear 
 program and permanently and verifiably abandons such work in 
 perpetuity.
 ``

    (2) Stopped enrichment of and never returns to plutonium 
 reprocessing, including by closing its heavy water reactor.
 ``

    (3) Provided the International Atomic Energy Agency with 
 unqualified access to all sites throughout the entire country.
 ``

    (4) Ended its proliferation of ballistic missiles and 
 halts further launching or development of nuclear-capable 
 missile systems.
 ``

    (5) Released all United States citizens, as well as 
 citizens of United States partners and allies, that are 
 unjustly detained and held captive in Iran.
 ``

    (6) Respected the sovereignty of the Government of Iraq 
 through no longer preventing, hindering, or disrupting any 
 efforts by that Government with regard to the disarming, 
 demobilization and reintegration of Iranian-backed militias in 
 Iraq.
 ``

    (7) Ended its military support for the Houthi militia

    (Ansarallah) and worked towards a peaceful, political 
 settlement in Yemen.
 ``

    (8) Withdrawn all forces under Iran's command throughout 
 the entirety of Syria.
 ``

    (9) Ended support for the Taliban and other terrorists in 
 Afghanistan and the region and ceased to harbor senior al-Qaeda 
 leaders.
 ``

    (10) Ended the Islamic Revolutionary Guard Corps' Quds 
 Force's support for terrorists around the world.
 ``

    (11) Ended its threatening behavior against its 
 neighbors, including its threats to destroy Israel and its 
 firing of missiles at Saudi Arabia and the United Arab 
 Emirates, threats to international shipping, and destructive 
 cyberattacks.
 ``

    (12) Ceased violently attacking and killing peaceful 
 protesters in Iran, and provided a full accounting for the 1500 
 peaceful protesters reported to be killed in November 2019 when 
 fired upon by Iranian security forces.''.

    (b) Elimination of Sunset.--

Section 13 of the Iran Sanctions Act of 
1996 (50 U.S.C. 1701 note) is repealed.

SEC. 105. SECTORAL SANCTIONS ON IRAN UNDER THE IRAN FREEDOM AND 
 COUNTER-PROLIFERATION ACT OF 2012.

    (a) Amendments With Respect to Covered Sectors.--

    (1) Subsection

    (b) of 

section 1244 of the National Defense 
 Authorization Act for Fiscal Year 2013 (22 U.S.C. 8803) is 
 amended by inserting ``iron, steel, aluminum, copper, 
 construction, manufacturing, mining, textile, petrochemical, 
 automotive, financial'' after ``energy,'' each place it 
 appears.

    (2) Subsection
            (c) of such 

section 1244 is amended by 
 inserting ``iron, steel, aluminum, copper, construction, 
 manufacturing, mining, textile, petrochemical, automotive, 
 financial'' after ``energy,'' each place it appears.

    (b) Amendment With Respect To Waiver Authority.--Subsection
            (i) of 
such 

section 1244 is amended by adding at the end the following:
 ``

    (3) Termination.--The authority to issue a waiver under 
 this section shall terminate on the date that is 2 years after 
 the date of the enactment of this paragraph.''.
            (c) Termination of Certain Waivers of Sanctions With Respect to 
Nuclear Activities in or With Iran.--

    (1) Suspension of waiver authority.--The President may not 
 issue any waiver of the application of sanctions provided for 
 under any of sections 1244 through 1247 of the National Defense 
 Authorization Act for Fiscal Year 2013 (22 U.S.C. 8803 through 
 8806), or provided to enable an activity described in paragraph

    (2) , before February 1, 2028.

    (2) Existing waivers.--As of the date of the enactment of 
 this Act, any waiver of the application of sanctions provided 
 for under any of sections 1244 through 1247 of the National 
 Defense Authorization Act for Fiscal Year 2013 (22 U.S.C. 8803 
 through 8806), or provided to enable an activity described in 
 paragraph

    (2) , is terminated.

SEC. 106. AMENDMENTS TO THE COMPREHENSIVE IRAN SANCTIONS, 
 ACCOUNTABILITY, AND DIVESTMENT ACT OF 2010.

    (a) Listing of Iranian Persons for Human Rights Abuses Committed in 
Other Countries.--

Section 105

    (b)

    (1) of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 8514) 
is amended by inserting ``, or against the people of Iraq, Syria, 
Lebanon, Yemen, or Venezuela'' before the period at the end.

    (b) Amendments to Criteria for Termination.--

Section 401 of the 
Comprehensive Iran Sanctions, Accountability, and Divestment Act of 
2010 is amended by adding at the end the following:
 ``
            (d) Additional Matters To Be Certified.--The certification 
described in subsection

    (a) shall also include a certification that 
Iran has complied with each of the following:
 ``

    (1) Declared to the International Atomic Energy Agency a 
 full account of the prior military dimensions of its nuclear 
 program and permanently and verifiably abandons such work in 
 perpetuity.
 ``

    (2) Stopped enrichment of and never returns to plutonium 
 reprocessing, including by closing its heavy water reactor.
 ``

    (3) Provided the International Atomic Energy Agency with 
 unqualified access to all sites throughout the entire country.
 ``

    (4) Ended its proliferation of ballistic missiles and 
 halts further launching or development of nuclear-capable 
 missile systems.
 ``

    (5) Released all United States citizens, as well as 
 citizens of United States partners and allies, that are 
 unjustly detained and held captive in Iran.
 ``

    (6) Respected the sovereignty of the Government of Iraq 
 through no longer preventing, hindering, or disrupting any 
 efforts by that Government with regard to the disarming, 
 demobilization and reintegration of Iranian-backed militias in 
 Iraq.
 ``

    (7) Ended its military support for the Houthi militia

    (Ansarallah) and worked towards a peaceful, political 
 settlement in Yemen.
 ``

    (8) Withdrawn all forces under Iran's command throughout 
 the entirety of Syria.
 ``

    (9) Ended support for the Taliban and other terrorists in 
 Afghanistan and the region and ceased to harbor senior al-Qaeda 
 leaders.
 ``

    (10) Ended the Islamic Revolutionary Guard Corps' Quds 
 Force's support for terrorists around the world.
 ``

    (11) Ended its threatening behavior against its 
 neighbors, including its threats to destroy Israel and its 
 firing of missiles at Saudi Arabia and the United Arab 
 Emirates, threats to international shipping, and destructive 
 cyberattacks.
 ``

    (12) Ceased violently attacking and killing peaceful 
 protesters in Iran, and provided a full accounting for the 1500 
 peaceful protesters reported to be killed in November 2019 when 
 fired upon by Iranian security forces.
 ``

    (e) Termination of Waiver Authority.--The authority to issue a 
waiver under this section shall terminate on the date that is 2 years 
after the date of the enactment of this subsection.''.

SEC. 107. CONGRESSIONAL REVIEW OF CERTAIN ACTIONS RELATING TO SANCTIONS 
 IMPOSED WITH RESPECT TO IRAN.

    (a) Submission to Congress of Proposed Action.--

    (1) In general.--Notwithstanding any other provision of 
 law, before taking any action described in paragraph

    (2) , the 
 President shall submit to the appropriate congressional 
 committees and leadership a report that--
        (A) describes the proposed action and the reasons 
 for that action; and
        (B) includes a certification with respect to each 
 foreign person subject to the sanction proposed to be 
 terminated by such action that the person has not 
 committed any activity during the 10-year period ending 
 on the date of the submission of the report that would 
 meet the criteria for the imposition of such sanction.

    (2) Actions described.--
        (A) In general.--An action described in this 
 paragraph is--
            (i) an action to terminate the application 
 of any sanctions described in subparagraph
        (B) ;
            (ii) with respect to sanctions described in 
 subparagraph
        (B) imposed by the President with 
 respect to a person, an action to waive the 
 application of those sanctions with respect to 
 that person; or
            (iii) a licensing action that significantly 
 alters United States foreign policy with 
 respect to Iran.
        (B) Sanctions described.--The sanctions described 
 in this subparagraph are sanctions with respect to Iran 
 provided for under--
            (i) the Iran Sanctions Act of 1996 (Public 
 Law 104-172; 50 U.S.C. 1701 note);
            (ii) the Comprehensive Iran Sanctions, 
 Accountability, and Divestment Act of 2010 (22 
 U.S.C. 8501 et seq.);
            (iii) section 1245 of the National Defense 
 Authorization Act for Fiscal Year 2012 (22 
 U.S.C. 8513a);
            (iv) the Iran Threat Reduction and Syria 
 Human Rights Act of 2012 (22 U.S.C. 8701 et 
 seq.);
            (v) the Iran Freedom and Counter-
 Proliferation Act of 2012 (22 U.S.C. 8801 et 
 seq.);
            (vi) the International Emergency Economic 
 Powers Act (50 U.S.C. 1701 note); or
            (vii) any other statute or Executive order 
 that requires or authorizes the imposition of 
 sanctions with respect to Iran.

    (3) Description of type of action.--Each report submitted 
 under paragraph

    (1) with respect to an action described in 
 paragraph

    (2) shall include a description of whether the 
 action--
        (A) is not intended to significantly alter United 
 States foreign policy with respect to Iran; or
        (B) is intended to significantly alter United 
 States foreign policy with respect to Iran.

    (4) Inclusion of additional matter.--
        (A) In general.--Each report submitted under 
 paragraph

    (1) that relates to an action that is 
 intended to significantly alter United States foreign 
 policy with respect to Iran shall include a description 
 of--
            (i) the significant alteration to United 
 States foreign policy with respect to Iran;
            (ii) the anticipated effect of the action 
 on the national security interests of the 
 United States; and
            (iii) the policy objectives for which the 
 sanctions affected by the action were initially 
 imposed.
        (B) Requests from banking and financial services 
 committees.--The Committee on Banking, Housing, and 
 Urban Affairs of the Senate or the Committee on 
 Financial Services of the House of Representatives may 
 request the submission to the Committee of the matter 
 described in clauses
            (ii) and
            (iii) of subparagraph
        (A) with respect to a report submitted under paragraph

    (1) that relates to an action that is not intended to 
 significantly alter United States foreign policy with 
 respect to Iran.

    (5) Confidentiality of proprietary information.--
 Proprietary information that can be associated with a 
 particular person with respect to an action described in 
 paragraph

    (2) may be included in a report submitted under 
 paragraph

    (1) only if the appropriate congressional committees 
 and leadership provide assurances of confidentiality, unless 
 that person otherwise consents in writing to such disclosure.

    (6) Rule of construction.--Paragraph

    (2)
        (A)
            (iii) shall not 
 be construed to require the submission of a report under 
 paragraph

    (1) with respect to the routine issuance of a license 
 that does not significantly alter United States foreign policy 
 with respect to Iran.

    (b) Period for Review by Congress.--

    (1) In general.--During the period of 30 calendar days 
 beginning on the date on which the President submits a report 
 under subsection

    (a)

    (1) --
        (A) in the case of a report that relates to an 
 action that is not intended to significantly alter 
 United States foreign policy with respect to Iran, the 
 Committee on Banking, Housing, and Urban Affairs of the 
 Senate and the Committee on Financial Services of the 
 House of Representatives should, as appropriate, hold 
 hearings and briefings and otherwise obtain information 
 in order to fully review the report; and
        (B) in the case of a report that relates to an 
 action that is intended to significantly alter United 
 States foreign policy with respect to Iran, the 
 Committee on Foreign Relations of the Senate and the 
 Committee on Foreign Affairs of the House of 
 Representatives should, as appropriate, hold hearings 
 and briefings and otherwise obtain information in order 
 to fully review the report.

    (2) Exception.--The period for congressional review under 
 paragraph

    (1) of a report required to be submitted under 
 subsection

    (a)

    (1) shall be 60 calendar days if the report is 
 submitted on or after July 10 and on or before September 7 in 
 any calendar year.

    (3) Limitation on actions during initial congressional 
 review period.--Notwithstanding any other provision of law, 
 during the period for congressional review provided for under 
 paragraph

    (1) of a report submitted under subsection

    (a)

    (1) proposing an action described in subsection

    (a)

    (2) , including 
 any additional period for such review as applicable under the 
 exception provided in paragraph

    (2) , the President may not take 
 that action unless a joint resolution of approval with respect 
 to that action is enacted in accordance with subsection
            (c) .

    (4) Limitation on actions during presidential consideration 
 of a joint resolution of disapproval.--Notwithstanding any 
 other provision of law, if a joint resolution of disapproval 
 relating to a report submitted under subsection

    (a)

    (1) proposing an action described in subsection

    (a)

    (2) passes both 
 Houses of Congress in accordance with subsection
            (c) , the 
 President may not take that action for a period of 12 calendar 
 days after the date of passage of the joint resolution of 
 disapproval.

    (5) Limitation on actions during congressional 
 reconsideration of a joint resolution of disapproval.--
 Notwithstanding any other provision of law, if a joint 
 resolution of disapproval relating to a report submitted under 
 subsection

    (a)

    (1) proposing an action described in subsection

    (a)

    (2) passes both Houses of Congress in accordance with 
 subsection
            (c) , and the President vetoes the joint resolution, 
 the President may not take that action for a period of 10 
 calendar days after the date of the President's veto.

    (6) Effect of enactment of a joint resolution of 
 disapproval.--Notwithstanding any other provision of law, if a 
 joint resolution of disapproval relating to a report submitted 
 under subsection

    (a)

    (1) proposing an action described in 
 subsection

    (a)

    (2) is enacted in accordance with subsection
            (c) , 
 the President may not take that action.
            (c) Joint Resolutions of Disapproval or Approval.--

    (1) === Definitions. ===
-In this subsection:
        (A) Joint resolution of approval.--The term ``joint 
 resolution of approval'' means only a joint resolution 
 of either House of Congress--
            (i) the title of which is as follows: ``A 
 joint resolution approving the President's 
 proposal to take an action relating to the 
 application of certain sanctions with respect 
 to Iran.''; and
            (ii) the sole matter after the resolving 
 clause of which is the following: ``Congress 
 approves of the action relating to the 
 application of sanctions imposed with respect 
 to Iran proposed by the President in the report 
 submitted to Congress under 

section 2

    (a)

    (1) of 
 the Iran Sanctions Relief Review Act of 2021 on 
 _______ relating to ________.'', with the first 
 blank space being filled with the appropriate 
 date and the second blank space being filled 
 with a short description of the proposed 
 action.
        (B) Joint resolution of disapproval.--The term 
 ``joint resolution of disapproval'' means only a joint 
 resolution of either House of Congress--
            (i) the title of which is as follows: ``A 
 joint resolution disapproving the President's 
 proposal to take an action relating to the 
 application of certain sanctions with respect 
 to Iran.''; and
            (ii) the sole matter after the resolving 
 clause of which is the following: ``Congress 
 disapproves of the action relating to the 
 application of sanctions imposed with respect 
 to Iran proposed by the President in the report 
 submitted to Congress under 

section 2

    (a)

    (1) of 
 the Iran Sanctions Relief Review Act of 2021 on 
 _______ relating to ________.'', with the first 
 blank space being filled with the appropriate 
 date and the second blank space being filled 
 with a short description of the proposed 
 action.

    (2) Introduction.--During the period of 30 calendar days 
 provided for under subsection

    (b)

    (1) , including any additional 
 period as applicable under the exception provided in subsection

    (b)

    (2) , a joint resolution of approval or joint resolution of 
 disapproval may be introduced--
        (A) in the House of Representatives, by the 
 majority leader or the minority leader; and
        (B) in the Senate, by the majority leader (or the 
 majority leader's designee) or the minority leader (or 
 the minority leader's designee).

    (3) Floor consideration in house of representatives.--If a 
 committee of the House of Representatives to which a joint 
 resolution of approval or joint resolution of disapproval has 
 been referred has not reported the joint resolution within 10 
 calendar days after the date of referral, that committee shall 
 be discharged from further consideration of the joint 
 resolution.

    (4) Consideration in the senate.--
        (A) Committee referral.--A joint resolution of 
 approval or joint resolution of disapproval introduced 
 in the Senate shall be--
            (i) referred to the Committee on Banking, 
 Housing, and Urban Affairs if the joint 
 resolution relates to a report under subsection

    (a)

    (3)
        (A) that relates to an action that is not 
 intended to significantly alter United States 
 foreign policy with respect to Iran; and
            (ii) referred to the Committee on Foreign 
 Relations if the joint resolution relates to a 
 report under subsection

    (a)

    (3)
        (B) that relates 
 to an action that is intended to significantly 
 alter United States foreign policy with respect 
 to Iran.
        (B) Reporting and discharge.--If the committee to 
 which a joint resolution of approval or joint 
 resolution of disapproval was referred has not reported 
 the joint resolution within 10 calendar days after the 
 date of referral of the joint resolution, that 
 committee shall be discharged from further 
 consideration of the joint resolution and the joint 
 resolution shall be placed on the appropriate calendar.
            (C) Proceeding to consideration.--Notwithstanding 
 Rule XXII of the Standing Rules of the Senate, it is in 
 order at any time after the Committee on Banking, 
 Housing, and Urban Affairs or the Committee on Foreign 
 Relations, as the case may be, reports a joint 
 resolution of approval or joint resolution of 
 disapproval to the Senate or has been discharged from 
 consideration of such a joint resolution (even though a 
 previous motion to the same effect has been disagreed 
 to) to move to proceed to the consideration of the 
 joint resolution, and all points of order against the 
 joint resolution (and against consideration of the 
 joint resolution) are waived. The motion to proceed is 
 not debatable. The motion is not subject to a motion to 
 postpone. A motion to reconsider the vote by which the 
 motion is agreed to or disagreed to shall not be in 
 order.
            (D) Rulings of the chair on procedure.--Appeals 
 from the decisions of the Chair relating to the 
 application of the rules of the Senate, as the case may 
 be, to the procedure relating to a joint resolution of 
 approval or joint resolution of disapproval shall be 
 decided without debate.
        (E) Consideration of veto messages.--Debate in the 
 Senate of any veto message with respect to a joint 
 resolution of approval or joint resolution of 
 disapproval, including all debatable motions and 
 appeals in connection with the joint resolution, shall 
 be limited to 10 hours, to be equally divided between, 
 and controlled by, the majority leader and the minority 
 leader or their designees.

    (5) Rules relating to senate and house of 
 representatives.--
        (A) Treatment of senate joint resolution in 
 house.--In the House of Representatives, the following 
 procedures shall apply to a joint resolution of 
 approval or a joint resolution of disapproval received 
 from the Senate (unless the House has already passed a 
 joint resolution relating to the same proposed action):
            (i) The joint resolution shall be referred 
 to the appropriate committees.
            (ii) If a committee to which a joint 
 resolution has been referred has not reported 
 the joint resolution within 2 calendar days 
 after the date of referral, that committee 
 shall be discharged from further consideration 
 of the joint resolution.
            (iii) Beginning on the third legislative 
 day after each committee to which a joint 
 resolution has been referred reports the joint 
 resolution to the House or has been discharged 
 from further consideration thereof, it shall be 
 in order to move to proceed to consider the 
 joint resolution in the House. All points of 
 order against the motion are waived. Such a 
 motion shall not be in order after the House 
 has disposed of a motion to proceed on the 
 joint resolution. The previous question shall 
 be considered as ordered on the motion to its 
 adoption without intervening motion. The motion 
 shall not be debatable. A motion to reconsider 
 the vote by which the motion is disposed of 
 shall not be in order.
            (iv) The joint resolution shall be 
 considered as read. All points of order against 
 the joint resolution and against its 
 consideration are waived. The previous question 
 shall be considered as ordered on the joint 
 resolution to final passage without intervening 
 motion except 2 hours of debate equally divided 
 and controlled by the sponsor of the joint 
 resolution (or a designee) and an opponent. A 
 motion to reconsider the vote on passage of the 
 joint resolution shall not be in order.
        (B) Treatment of house joint resolution in 
 senate.--
            (i) Receipt before passage.--If, before the 
 passage by the Senate of a joint resolution of 
 approval or joint resolution of disapproval, 
 the Senate receives an identical joint 
 resolution from the House of Representatives, 
 the following procedures shall apply:
            (I) That joint resolution shall not 
 be referred to a committee.
            (II) With respect to that joint 
 resolution--

    (aa) the procedure in the 
 Senate shall be the same as if 
 no joint resolution had been 
 received from the House of 
 Representatives; but

    (bb) the vote on passage 
 shall be on the joint 
 resolution from the House of 
 Representatives.
            (ii) Receipt after passage.--If, following 
 passage of a joint resolution of approval or 
 joint resolution of disapproval in the Senate, 
 the Senate receives an identical joint 
 resolution from the House of Representatives, 
 that joint resolution shall be placed on the 
 appropriate Senate calendar.
            (iii) No companion measure.--If a joint 
 resolution of approval or a joint resolution of 
 disapproval is received from the House, and no 
 companion joint resolution has been introduced 
 in the Senate, the Senate procedures under this 
 subsection shall apply to the House joint 
 resolution.
            (C) Application to revenue measures.--The 
 provisions of this paragraph shall not apply in the 
 House of Representatives to a joint resolution of 
 approval or joint resolution of disapproval that is a 
 revenue measure.

    (6) Rules of house of representatives and senate.--This 
 subsection is enacted by Congress--
        (A) as an exercise of the rulemaking power of the 
 Senate and the House of Representatives, respectively, 
 and as such is deemed a part of the rules of each 
 House, respectively, and supersedes other rules only to 
 the extent that it is inconsistent with such rules; and
        (B) with full recognition of the constitutional 
 right of either House to change the rules (so far as 
 relating to the procedure of that House) at any time, 
 in the same manner, and to the same extent as in the 
 case of any other rule of that House.
            (d) Appropriate Congressional Committees and Leadership Defined.--
In this section, the term ``appropriate congressional committees and 
leadership'' means--

    (1) the Committee on Financial Services, the Committee on 
 Foreign Affairs, and the Speaker, the majority leader, and the 
 minority leader of the House of Representatives; and

    (2) the Committee on Banking, Housing, and Urban Affairs, 
 the Committee on Foreign Relations, and the majority and 
 minority leaders of the Senate.

SEC. 108. CLARIFICATION OF GUIDANCE RELATING TO IRAN'S SHIPPING SECTOR.

    (a) In General.--The President shall direct the Office of Foreign 
Asset Control of the Department of the Treasury to issue regulations 
and guidance expanding the list of services constituting ``significant 
support'' to the shipping sector of Iran to include--

    (1) port authorities;

    (2) importing agents;

    (3) management firms;

    (4) charterers;

    (5) operators;

    (6) marine insurers;

    (7) classification societies; and

    (8) all other maritime services providers.

    (b) Additional Update of Advisory.--The President shall also direct 
the Secretary of State, the Secretary of the Treasury, and the Coast 
Guard to update the ``Sanctions Advisory for the Maritime Industry, 
Energy and Metals Sectors, and Related communities'' issued on May 14, 
2020, in accordance with the expanded definition of ``significant 
support to the shipping sector'' promulgated in accordance with 
subsection

    (a) , as well as all other guidance and advisory documents of 
the Federal Government relating to such expanded definition.

SEC. 109. SUNSET OF WAIVER AND LICENSE AUTHORITIES.

    (a) In General.--The President's authority to issue waivers or 
licenses to sanctions pursuant to sections 203 and 205 of the 
International Emergency Economic Powers Act of 1976 with regard to 
sanctions required or authorized by legislation or Executive orders 
described in subsection

    (b) , and any waivers or licenses issued 
pursuant to such legislation or Executive orders, shall cease to apply 
beginning on February 1, 2028.

    (b) Sanctions Described.--The sanctions required or authorized by 
legislation and Executive orders include the following:

    (1) This Act, and the amendments made by this Act.

    (2) The Iran Sanctions Act of 1996 (Public Law 104-172; 50 
 U.S.C. 1701 note).

    (3) The Comprehensive Iran Sanctions, Accountability, and 
 Divestment Act of 2010 (22 U.S.C. 8501 et seq.).

    (4) Section 1245 of the National Defense Authorization Act 
 for Fiscal Year 2012 (22 U.S.C. 8513a).

    (5) The Iran Threat Reduction and Syria Human Rights Act of 
 2012 (22 U.S.C. 8701 et seq.).

    (6) The Iran Freedom and Counter-Proliferation Act of 2012 
 (22 U.S.C. 8801 et seq.).

    (7) The International Emergency Economic Powers Act (50 
 U.S.C. 1701 note).

    (8) Any other statute or Executive order that requires or 
 authorizes the imposition of sanctions with respect to Iran.

SEC. 110. CODIFICATION AND APPLICATION ON TRANSFERS OF FUNDS INVOLVING 
 IRAN.

    (a) Codification and Prohibition of Transfers of Funds Involving 
Iran.--

    (1) Codification of regulations.--Notwithstanding sections 
 203 and 205 of the International Emergency Economic Powers Act 
 (50 U.S.C. 1702 and 1704), 

section 560.516 of title 31, Code of 
 Federal Regulations, as in effect on January 1, 2021, shall 
 apply with respect to transfers of funds to or from Iran, or 
 for the direct or indirect benefit of an Iranian person or the 
 Government of Iran, for the period beginning on or after such 
 date of enactment and ending on the date on which the President 
 makes the certification to Congress under 

section 8 of the Iran 
 Sanctions Act of 1996 (50 U.S.C. 1701 note) as amended by this 
 Act.

    (2) Additional prohibition.--Notwithstanding 

section 302 of 
 this Act or sections 203 and 205 of the International Emergency 
 Economic Powers Act (50 U.S.C. 1702 and 1704)--
        (A) the regulations prohibiting the debiting or 
 crediting of an Iranian account in 

section 560.516 of 
 title 31, Code of Federal Regulations, as in effect on 
 January 1, 2021, and codified in paragraph

    (1) shall 
 apply to foreign financial institutions if the 
 transaction or transactions is conducted in the legal 
 tender of the United States; and
        (B) United States financial institutions shall be 
 prohibited from engaging in a significant transaction 
 or transactions, including purchasing or selling 
 foreign exchange with large-value payment systems, with 
 a foreign financial institution that violates the 
 regulations and prohibitions described in subparagraph
        (A) .

    (3) Rule of construction.--With the exception of paragraph

    (4) , the President may not issue a license to permit a 
 transaction or transactions under this subsection.

    (4) Suspension.--The President may suspend the prohibition 
 in paragraph

    (2) for a period not to exceed 180 days, and may 
 renew the suspension for additional periods of not more than 
 180 days, on and after the date on which the President provides 
 to the appropriate congressional committees the certification 
 required in 

section 8 of the Iran Sanctions Act of 1996 (50 
 U.S.C. 1701 note) as amended by this Act.

SEC. 111. APPLICABILITY OF CONGRESSIONAL REVIEW OF CERTAIN AGENCY 
 RULEMAKING RELATING TO IRAN.

    (a) In General.--Notwithstanding any other provision of law, any 
rule to amend or otherwise alter a covered regulatory provision as 
defined in subsection
            (c) that is published on or after the date of the 
enactment of this Act shall be deemed to be a rule or major rule (as 
the case may be) for purposes of chapter 8 of title 5, United States 
Code, and shall be subject to all applicable requirements of chapter 8 
of title 5, United States Code.

    (b) Quarterly Reports.--Not later than 60 days after the date of 
the enactment of this Act, and every 90 days thereafter, the head of 
the applicable department or agency of the Federal Government shall 
submit to the appropriate congressional committees a report on the 
operation of the licensing system under each covered regulatory 
provision as defined in subsection
            (c) for the preceding 2-year period, 
including--

    (1) the number and types of licenses applied for;

    (2) the number and types of licenses approved;

    (3) a summary of each license approved;

    (4) a summary of transactions conducted pursuant to a 
 general license;

    (5) the average amount of time elapsed from the date of 
 filing of a license application until the date of its approval;

    (6) the extent to which the licensing procedures were 
 effectively implemented; and

    (7) a description of comments received from interested 
 parties about the extent to which the licensing procedures were 
 effective, after the applicable department or agency holds a 
 public 30-day comment period.
            (c) === Definition. ===
-In this section, the term ``covered regulatory 
provision'' means any provision of part 535, 560, 561, or 1060 of title 
31, Code of Federal Regulations, and in EAR 742 and 746 related to 
Iran, as such parts were in effect on the date of enactment of this 
Act.

SEC. 112. EXPANSION OF SANCTIONS WITH RESPECT TO EFFORTS BY IRAN TO 
 ACQUIRE BALLISTIC MISSILE AND RELATED TECHNOLOGY.

    (a) Certain Persons.--

Section 1604

    (a) of the Iran-Iraq Arms Non-
Proliferation Act of 1992 (Public Law 102-484; 50 U.S.C. 1701 note) is 
amended by inserting ``, to acquire ballistic missile or related 
technology,'' after ``nuclear weapons''.

    (b) Foreign Countries.--

Section 1605

    (a) of the Iran-Iraq Arms Non-
Proliferation Act of 1992 (Public Law 102-484; 50 U.S.C. 1701 note) is 
amended, in the matter preceding paragraph

    (1) , by inserting ``, to 
acquire ballistic missile or related technology,'' after ``nuclear 
weapons''.

SEC. 113. EXPANSION OF SANCTIONS UNDER IRAN SANCTIONS ACT OF 1996 WITH 
 RESPECT TO PERSONS THAT ACQUIRE OR DEVELOP BALLISTIC 
 MISSILES.

 

Section 5

    (b)

    (1)
        (B) of the Iran Sanctions Act of 1996 (Public Law 
104-172; 50 U.S.C. 1701 note) is amended--

    (1) in clause
            (i) , by striking ``would likely'' and 
 inserting ``may''; and

    (2) in clause
            (ii) --
        (A) in subclause
            (I) , by striking ``; or'' and 
 inserting a semicolon;
        (B) by redesignating subclause
            (II) as subclause
            (III) ; and
            (C) by inserting after subclause
            (I) the following:
 ``
            (II) acquire or develop ballistic missiles and 
 the capability to launch ballistic missiles; or''.

SEC. 114. IMPOSITION OF SANCTIONS WITH RESPECT TO BALLISTIC MISSILE 
 PROGRAM OF IRAN.

    (a) In General.--Title II of the Iran Threat Reduction and Syria 
Human Rights Act of 2012 (22 U.S.C. 8721 et seq.) is amended by adding 
at the end the following:

 ``Subtitle C--Measures Relating To Ballistic Missile Program Of Iran

``

SEC. 231. DEFINITIONS.

 ``

    (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 the committees 
 specified in 

section 14

    (2) of the Iran Sanctions Act of 1996 
 (Public Law 104-172; 50 U.S.C. 1701 note).
 ``

    (3) 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.
 ``

    (4) 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) ).
 ``

    (5) Government.--The term `Government', with respect to a 
 foreign country, includes any agencies or instrumentalities of 
 that Government and any entities controlled by that Government.
 ``

    (6) 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).
 ``

    (7) 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).
 ``

    (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).

``

SEC. 232. IMPOSITION OF SANCTIONS WITH RESPECT TO PERSONS THAT 
 SUPPORT THE BALLISTIC MISSILE PROGRAM OF IRAN.

 ``

    (a) Identification of Persons.--
 ``

    (1) In general.--Not later than 120 days after the date 
 of the enactment of the Maximum Pressure Act, and not less 
 frequently than once every 180 days thereafter, the President 
 shall submit to the appropriate congressional committees a 
 report identifying persons that have provided material support 
 to the Government of Iran in the development of the ballistic 
 missile program or drone program of Iran.
 ``

    (2) Elements.--Each report required by paragraph

    (1) shall include the following:
 ``
        (A) An identification of persons (disaggregated 
 by Iranian and non-Iranian persons) with respect to 
 which there is credible evidence that such persons have 
 provided material support to the Government of Iran in 
 the development of the ballistic missile program or 
 drone program of Iran, including persons that have--
 ``
            (i) engaged in the direct or indirect 
 provision of material support to such programs;
 ``
            (ii) facilitated, supported, or engaged 
 in activities to further the development of 
 such programs;
 ``
            (iii) transmitted information relating to 
 ballistic missiles or drones to the Government 
 of Iran; or
 ``
            (iv) otherwise aided such programs.
 ``
        (B) A description of the character and 
 significance of the cooperation of each person 
 identified under subparagraph
        (A) with the Government 
 of Iran with respect to such programs.
 ``
            (C) An assessment of the cooperation of the 
 Government of the Democratic People's Republic of Korea 
 with the Government of Iran with respect to such 
 programs.
 ``

    (3) Classified annex.--Each report required by paragraph

    (1) shall be submitted in unclassified form, but may contain a 
 classified annex.
 ``

    (b) Blocking of Property.--Not later than 15 days after 
submitting a report required by subsection

    (a)

    (1) , the President shall, 
in accordance with the International Emergency Economic Powers Act (50 
U.S.C. 1701 et seq.), block and prohibit all transactions in all 
property and interests in property of any person specified in such 
report that engages in activities described in subsection

    (a) if such 
property and interests in property are in the United States, come 
within the United States, or are or come within the possession or 
control of a United States person.
 ``
            (c) Exclusion From United States.--
 ``

    (1) In general.--Except as provided in paragraph

    (2) , the 
 Secretary of State shall deny a visa to, and the Secretary of 
 Homeland Security shall exclude from the United States, any 
 alien subject to blocking of property and interests in property 
 under subsection

    (b) .
 ``

    (2) Compliance with united nations headquarters 
 agreement.--Paragraph

    (1) shall not apply to the head of state 
 of Iran, or necessary staff of that head of state, if admission 
 to the United States is necessary to permit the United States 
 to comply with the Agreement regarding the Headquarters of the 
 United Nations, signed at Lake Success June 26, 1947, and 
 entered into force November 21, 1947, between the United 
 Nations and the United States.
 ``
            (d) Facilitation of Certain Transactions.--The President shall 
prohibit the opening, and prohibit or impose strict conditions on the 
maintaining, in the United States of a correspondent account or a 
payable-through account by a foreign financial institution that the 
President determines knowingly, on or after the date that is 180 days 
after the date of the enactment of the Maximum Pressure Act, conducts 
or facilitates a significant financial transaction for a person subject 
to blocking of property and interests in property under subsection

    (b) .

``

SEC. 233. BLOCKING OF PROPERTY OF PERSONS AFFILIATED WITH CERTAIN 
 IRANIAN ENTITIES.

 ``

    (a) Blocking of Property.--
 ``

    (1) In general.--The President shall, in accordance with 
 the International Emergency Economic Powers Act (50 U.S.C. 1701 
 et seq.), block and prohibit all transactions in all property 
 and interests in property of any person described in paragraph

    (2) if such property and interests in property are in the 
 United States, come within the United States, or are or come 
 within the possession or control of a United States person.
 ``

    (2) Persons described.--A person described in this 
 paragraph is--
 ``
        (A) an entity that is owned or controlled--
 ``
            (i) by the Aerospace Industries 
 Organization, the Shahid Hemmat Industrial 
 Group, the Shahid Bakeri Industrial Group, or 
 any agent or affiliate of such organization or 
 group; or
 ``
            (ii) collectively by a group of 
 individuals that hold an interest in the 
 Aerospace Industries Organization, the Shahid 
 Hemmat Industrial Group, the Shahid Bakeri 
 Industrial Group, or any agent or affiliate of 
 such organization or group, even if none of 
 those individuals hold a 25 percent or greater 
 interest in the entity; or
 ``
        (B) a person that owns or controls an entity 
 described in subparagraph
        (A) .
 ``

    (b) Facilitation of Certain Transactions.--The President shall 
prohibit the opening, and prohibit or impose strict conditions on the 
maintaining, in the United States of a correspondent account or a 
payable-through account by a foreign financial institution that the 
President determines knowingly, on or after the date that is 180 days 
after the date of the enactment of the Maximum Pressure Act, conducts 
or facilitates a significant financial transaction for a person subject 
to blocking of property and interests in property under subsection

    (a) .
 ``
            (c) Iran Missile Proliferation Watch List.--
 ``

    (1) In general.--Not later than 90 days after the date of 
 the enactment of the Maximum Pressure Act, and not less 
 frequently than annually thereafter, the Secretary of the 
 Treasury shall submit to the appropriate congressional 
 committees and publish in the Federal Register a list of--
 ``
        (A) each entity in which the Aerospace Industries 
 Organization, the Shahid Hemmat Industrial Group, the 
 Shahid Bakeri Industrial Group, or any agent or 
 affiliate of such organization or group has an 
 ownership interest of more than 0 percent and less than 
 25 percent;
 ``
        (B) each entity in which the Aerospace Industries 
 Organization, the Shahid Hemmat Industrial Group, the 
 Shahid Bakeri Industrial Group, or any agent or 
 affiliate of such organization or group does not have 
 an ownership interest but maintains a presence on the 
 board of directors of the entity or otherwise 
 influences the actions, policies, or personnel 
 decisions of the entity; and
 ``
            (C) each person that owns or controls an entity 
 described in subparagraph
        (A) or
        (B) .
 ``

    (2) Reference.--The list required by paragraph

    (1) may be 
 referred to as the `Iran Missile Proliferation Watch List'.
 ``
            (d) Comptroller General Report.--
 ``

    (1) In general.--The Comptroller General of the United 
 States shall--
 ``
        (A) conduct a review of each list required by 
 subsection
            (c) (1) ; and
 ``
        (B) not later than 180 days after each such list 
 is submitted to the appropriate congressional 
 committees under that subsection, submit to the 
 appropriate congressional committees a report on the 
 review conducted under subparagraph
        (A) that includes a 
 list of persons not included in that list that qualify 
 for inclusion in that list, as determined by the 
 Comptroller General.
 ``

    (2) Consultations.--In preparing the report required by 
 paragraph

    (1)
        (B) , the Comptroller General shall consult with 
 nongovernmental organizations.

``

SEC. 234. IMPOSITION OF SANCTIONS WITH RESPECT TO CERTAIN PERSONS 
 INVOLVED IN BALLISTIC MISSILE ACTIVITIES.

 ``

    (a) Certification.--Not later than 120 days after the date of the 
enactment of the Maximum Pressure Act, and not less frequently than 
once every 180 days thereafter, the President shall submit to the 
appropriate congressional committees a certification that each person 
listed in an annex of United Nations Security Council Resolution 1737

    (2006) , 1747

    (2007) , or 1929

    (2010) is not directly or indirectly 
facilitating, supporting, or involved with the development of or 
transfer to Iran of ballistic missiles or technology, parts, 
components, or technology information relating to ballistic missiles.
 ``

    (b) Blocking of Property.--If the President is unable to make a 
certification under subsection

    (a) with respect to a person and the 
person is not currently subject to sanctions with respect to Iran under 
any other provision of law, the President shall, not later than 15 days 
after that certification would have been required under that 
subsection--
 ``

    (1) in accordance with the International Emergency 
 Economic Powers Act (50 U.S.C. 1701 et seq.), block and 
 prohibit all transactions in all property and interests in 
 property of that person if such property and interests in 
 property are in the United States, come within the United 
 States, or are or come within the possession or control of a 
 United States person; and
 ``

    (2) publish in the Federal Register a report describing 
 the reason why the President was unable to make a certification 
 with respect to that person.
 ``
            (c) Exclusion From United States.--
 ``

    (1) In general.--Except as provided in paragraph

    (2) , the 
 Secretary of State shall deny a visa to, and the Secretary of 
 Homeland Security shall exclude from the United States, any 
 alien subject to blocking of property and interests in property 
 under subsection

    (b) .
 ``

    (2) Compliance with united nations headquarters 
 agreement.--Paragraph

    (1) shall not apply to the head of state 
 of Iran, or necessary staff of that head of state, if admission 
 to the United States is necessary to permit the United States 
 to comply with the Agreement regarding the Headquarters of the 
 United Nations, signed at Lake Success June 26, 1947, and 
 entered into force November 21, 1947, between the United 
 Nations and the United States.
 ``
            (d) Facilitation of Certain Transactions.--The President shall 
prohibit the opening, and prohibit or impose strict conditions on the 
maintaining, in the United States of a correspondent account or a 
payable-through account by a foreign financial institution that the 
President determines knowingly, on or after the date that is 180 days 
after the date of the enactment of the Maximum Pressure Act, conducts 
or facilitates a significant financial transaction for a person subject 
to blocking of property and interests in property under subsection

    (b) .

``

SEC. 235. IMPOSITION OF SANCTIONS WITH RESPECT TO CERTAIN SECTORS OF 
 IRAN THAT SUPPORT THE BALLISTIC MISSILE PROGRAM OF IRAN.

 ``

    (a) List of Sectors.--
 ``

    (1) In general.--Not later than 120 days after the date 
 of the enactment of the Maximum Pressure Act, and not less 
 frequently than once every 180 days thereafter, the President 
 shall submit to the appropriate congressional committees and 
 publish in the Federal Register a list of the sectors of the 
 economy of Iran that are directly or indirectly facilitating, 
 supporting, or involved with the development of or transfer to 
 Iran of ballistic missiles or technology, parts, components, or 
 technology information relating to ballistic missiles.
 ``

    (2) Certain sectors.--
 ``
        (A) In general.--Not later than 120 days after 
 the date of enactment of the Maximum Pressure Act, the 
 President shall submit to the appropriate congressional 
 committees a determination as to whether each of the 
 chemical, computer science, construction, electronic, 
 metallurgy, mining, research (including universities 
 and research institutions), and telecommunications 
 sectors of Iran meet the criteria specified in 
 paragraph

    (1) .
 ``
        (B) Inclusion in initial list.--If the President 
 determines under subparagraph
        (A) that the sectors of 
 the economy of Iran specified in such subparagraph meet 
 the criteria specified in paragraph

    (1) , that sector 
 shall be included in the initial list submitted and 
 published under that paragraph.
 ``

    (b) Sanctions With Respect to Specified Sectors of Iran.--
 ``

    (1) Blocking of property.--The President shall, in 
 accordance with the International Emergency Economic Powers Act 
 (50 U.S.C. 1701 et seq.), block and prohibit all transactions 
 in all property and interests in property of any person 
 described in paragraph

    (4) if such property and interests in 
 property are in the United States, come within the United 
 States, or are or come within the possession or control of a 
 United States person.
 ``

    (2) Exclusion from united states.--
 ``
        (A) In general.--Except as provided in 
 subparagraph
        (B) , the Secretary of State shall deny a 
 visa to, and the Secretary of Homeland Security shall 
 exclude from the United States, any alien that is a 
 person described in paragraph

    (4) .
 ``
        (B) Compliance with united nations headquarters 
 agreement.--Subparagraph
        (A) shall not apply to the 
 head of state of Iran, or necessary staff of that head 
 of state, if admission to the United States is 
 necessary to permit the United States to comply with 
 the Agreement regarding the Headquarters of the United 
 Nations, signed at Lake Success June 26, 1947, and 
 entered into force November 21, 1947, between the 
 United Nations and the United States.
 ``

    (3) Facilitation of certain transactions.--Except as 
 provided in this section, the President shall prohibit the 
 opening, and prohibit or impose strict conditions on the 
 maintaining, in the United States of a correspondent account or 
 a payable-through account by a foreign financial institution 
 that the President determines knowingly, on or after the date 
 that is 180 days after the date of the enactment of the Maximum 
 Pressure Act, conducts or facilitates a significant financial 
 transaction for a person described in paragraph

    (4) .
 ``

    (4) Persons described.--A person is described in this 
 paragraph if the President determines that the person, on or 
 after the date that is 180 days after the date of the enactment 
 of the Maximum Pressure Act--
 ``
        (A) operates in a sector of the economy of Iran 
 included in the most recent list published by the 
 President under subsection

    (a) ;
 ``
        (B) knowingly provides significant financial, 
 material, technological, or other support to, or goods 
 or services in support of, any activity or transaction 
 on behalf of or for the benefit of a person described 
 in subparagraph
        (A) ; or
 ``
            (C) is owned or controlled by a person described 
 in subparagraph
        (A) .
 ``
            (c) Humanitarian Exception.--The President may not impose 
sanctions under this section with respect to any person for conducting 
or facilitating a transaction for the sale of agricultural commodities, 
food, medicine, or medical devices to Iran or for the provision of 
humanitarian assistance to the people of Iran.

``

SEC. 236. IDENTIFICATION OF FOREIGN PERSONS THAT SUPPORT THE 
 BALLISTIC MISSILE PROGRAM OF IRAN IN CERTAIN SECTORS OF 
 IRAN.

 ``

    (a) In General.--Not later than 120 days after the date of the 
enactment of the Maximum Pressure Act, and not less frequently than 
annually thereafter, the President shall submit to the appropriate 
congressional committees and publish in the Federal Register a list of 
all foreign persons that have, based on credible information, directly 
or indirectly facilitated, supported, or been involved with the 
development of ballistic missiles or technology, parts, components, or 
technology information related to ballistic missiles in the following 
sectors of the economy of Iran during the period specified in 
subsection

    (b) :
 ``

    (1) Chemical.
 ``

    (2) Computer Science.
 ``

    (3) Construction.
 ``

    (4) Electronic.
 ``

    (5) Metallurgy.
 ``

    (6) Mining.
 ``

    (7) Petrochemical.
 ``

    (8) Research (including universities and research 
 institutions).
 ``

    (9) Telecommunications.
 ``

    (10) Any other sector of the economy of Iran identified 
 under 

section 235

    (a) .
 ``

    (b) Period Specified.--The period specified in this subsection 
is--
 ``

    (1) with respect to the first list submitted under 
 subsection

    (a) , the period beginning on the date of the 
 enactment of the Maximum Pressure Act and ending on the date 
 that is 120 days after such date of enactment; and
 ``

    (2) with respect to each subsequent list submitted under 
 such subsection, the 1 year period preceding the submission of 
 the list.
 ``
            (c) Comptroller General Report.--
 ``

    (1) In general.--With respect to each list submitted 
 under subsection

    (a) , not later than 120 days after the list is 
 submitted under that subsection, the Comptroller General of the 
 United States shall submit to the appropriate congressional 
 committees--
 ``
        (A) an assessment of the processes followed by 
 the President in preparing the list;
 ``
        (B) an assessment of the foreign persons included 
 in the list; and
 ``
            (C) a list of persons not included in the list 
 that qualify for inclusion in the list, as determined 
 by the Comptroller General.
 ``

    (2) Consultations.--In preparing the report required by 
 paragraph

    (1) , the Comptroller General shall consult with 
 nongovernmental organizations.
 ``
            (d) Credible Information Defined.--In this section, the term 
`credible information' has the meaning given that term in 

section 14 of 
the Iran Sanctions Act of 1996 (Public Law 104-172; 50 U.S.C. 1701 
note).''.

SEC. 115. MANDATORY SANCTIONS WITH RESPECT TO FINANCIAL INSTITUTIONS 
 THAT ENGAGE IN CERTAIN TRANSACTIONS ON BEHALF OF PERSONS 
 INVOLVED IN HUMAN RIGHTS ABUSES OR THAT EXPORT SENSITIVE 
 TECHNOLOGY TO IRAN.

    (a) In General.--

Section 104
            (c) (2) of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 
8513
            (c) (2) ) is amended--

    (1) in subparagraph
            (D) , by striking ``or'' at the end;

    (2) in subparagraph
        (E) , by striking the period at the end 
 and inserting ``; or''; and

    (3) by adding at the end the following:
 ``
        (F) facilitates a significant transaction or 
 transactions or provides significant financial services 
 for a person that is subject to sanctions under 

section 105
            (c) , 105A
            (c) , 105B
            (c) , or 105C

    (a) ;''.

    (b) Effective Date.--The amendments made by subsection

    (a) take 
effect on the date of the enactment of this Act and apply with respect 
to any activity described in subparagraph
        (F) of 

section 104
            (c) (2) of 
the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 
2010, as added by subsection

    (a)

    (3) , initiated on or after the date 
that is 90 days after such date of enactment.
            (c) Regulations.--Not later than 90 days after the date of the 
enactment of this Act, the Secretary of the Treasury shall prescribe 
regulations to carry out the amendments made by subsection

    (a) .

SEC. 116. ADDITIONAL SANCTIONS WITH RESPECT TO FOREIGN PERSONS THAT 
 SUPPORT OR CONDUCT CERTAIN TRANSACTIONS WITH IRAN'S 
 REVOLUTIONARY GUARD CORPS OR OTHER SANCTIONED PERSONS.

    (a) Identification.--

Section 302

    (a)

    (1) of the Iran Threat Reduction 
and Syria Human Rights Act of 2012 (22 U.S.C. 8742

    (a)

    (1) ) is amended--

    (1) in the matter preceding subparagraph
        (A) , by striking 
 ``Not later than 90 days after the date of the enactment of 
 this Act, and every 180 days thereafter,'' and inserting ``Not 
 later than 60 days after the date of the enactment of the 
 Maximum Pressure Act, and every 60 days thereafter,'';

    (2) in subparagraph
        (B) , by inserting ``, provide 
 significant financial services to, or provide material support 
 to'' after ``transactions with''; and

    (3) in subparagraph
            (C) --
        (A) in the matter preceding clause
            (i) , by 
 inserting ``, provide significant financial services 
 to, or provide material support to'' after 
 ``transactions with'';
        (B) in clause
            (i) , by striking ``or'' at the end;
            (C) in clause
            (ii) , by striking the period at the 
 end and inserting a semicolon; and
            (D) by inserting after clause
            (i) the following:
 ``
            (iii) a person designated as a foreign 
 terrorist organization under 

section 219

    (a) of 
 the Immigration and Nationality Act (8 U.S.C. 
 1189

    (a) ) or that has provided support for an 
 act of international terrorism (as defined in 
 

section 14 of the Iran Sanctions Act of 1996 
 (Public Law 104-172; 50 U.S.C. 1701 note)); or
 ``
            (iv) a foreign person whose property and 
 access to property has been blocked pursuant to 
 Executive Order 13224 (September 23, 2001; 
 relating to blocking property and prohibiting 
 transactions with persons who commit, threaten 
 to commit, or support terrorism).''.

    (b) Imposition of Sanctions.--

Section 302

    (b) of the Iran Threat 
Reduction and Syria Human Rights Act of 2012 (22 U.S.C. 8742

    (b) ) is 
amended by striking ``the President--'' and all that follows and 
inserting ``the President shall, in accordance with the International 
Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), block and 
prohibit all transactions in property and interests in property with 
respect to such foreign person if such property and interests in 
property are in the United States, come within the United States, or 
are or come within the possession or control of a United States 
person.''.

 TITLE II--MATTERS RELATING TO THE FINANCING OF TERRORISM

SEC. 201. PROHIBITIONS OF INTERNATIONAL MONETARY FUND ALLOCATIONS FOR 
 IRAN.

 

Section 6

    (b) of the Special Drawing Rights Act (22 U.S.C. 286q

    (b) ) 
is amended by adding at the end the following:
 ``

    (3) Notwithstanding any other provision of law, no funds 
 shall be appropriated to allocate Special Drawing Rights under 
 Article XVII, sections 2 and 3, of the Articles of Agreement of 
 the Fund to the Islamic Republic of Iran.''.

SEC. 202. CERTIFICATION REQUIREMENT FOR REMOVAL OF DESIGNATION OF IRAN 
 AS A JURISDICTION OF PRIMARY MONEY LAUNDERING CONCERN.

    (a) In General.--The President may not rescind a final rule (as in 
effect on the day before the date of the enactment of this Act) that 
provides for the designation of Iran as a jurisdiction of primary money 
laundering concern pursuant to 

section 5318A of title 31, United States 
Code, unless the President submits to the appropriate congressional 
committees a certification described in subsection

    (b) with respect to 
Iran.

    (b) Certification.--The President may only rescind a preliminary 
draft rule or final rule described in subsection

    (a) if the President 
submits to the appropriate congressional committees the certification 
required in 

section 8 of the Iran Sanctions Act of 1996 (50 U.S.C. 1701 
note) as amended by this Act.
            (c) Form.--The certification described in subsection

    (b) shall be 
submitted in unclassified form, but may contain a classified annex.
            (d) === Definition. ===
-In this section, the term ``appropriate 
congressional committees'' means--

    (1) the Committee on Foreign Affairs and the Committee on 
 Financial Services of the House of Representatives; and

    (2) the Committee on Banking, Housing, and Urban Affairs of 
 the Senate.

SEC. 203. REQUIREMENT TO TAKE SPECIAL MEASURES AT DOMESTIC FINANCIAL 
 INSTITUTIONS.

    (a) In General.--The Secretary of the Treasury shall require 
domestic financial institutions and domestic financial agencies to take 
1 or more of the special measures described under 

section 5318A

    (b) of 
title 31, United States Code, with respect to a financial institution 
operating outside of the United States, if the Secretary determines 
that the financial institution operating outside of the United States 
knowingly conducts a significant transaction in connection with the 
Instrument in Support of Trade Exchanges, or any successor to such 
Instrument.

    (b) Waiver.--During the 2-year period beginning on the date of the 
enactment of this Act, the President may, for periods not to exceed 180 
days, waive the application of subsection

    (a) of this section with 
respect to a financial institution if the President certifies to the 
appropriate congressional committees that such a waiver is in the 
national security interests of the United States.
            (c) === Definitions. ===
-In this section, the terms ``domestic financial 
institution'', ``domestic financial agency'', and ``financial 
institution'' have the meaning given those terms, respectively, under 

section 5312 of title 31, United States Code.

SEC. 204. ADDITIONAL SANCTIONS WITH RESPECT TO FOREIGN PERSONS THAT ARE 
 OFFICIALS, AGENTS, OR AFFILIATES OF, OR OWNED OR 
 CONTROLLED BY, IRAN'S REVOLUTIONARY GUARD CORPS.

    (a) In General.--

Section 301

    (a) of the Iran Threat Reduction and 
Syria Human Rights Act of 2012 (22 U.S.C. 8741

    (a) ) is amended--

    (1) in the matter preceding paragraph

    (1) , by striking 
 ``Not later than 90 days after the date of the enactment of 
 this Act, and as appropriate thereafter,'' and inserting ``Not 
 later than 180 days after the date of the enactment of the 
 Maximum Pressure Act, and every 180 days thereafter,'';

    (2) in paragraph

    (1) --
        (A) by inserting ``, or owned or controlled by,'' 
 after ``affiliates of''; and
        (B) by striking ``and'' at the end;

    (3) in paragraph

    (2) , by striking the period at the end and 
 inserting ``; and''; and

    (4) by adding at the end the following:
 ``

    (3) identify foreign persons with respect to which there 
 is a reasonable basis to determine that the foreign persons 
 have, directly or indirectly, attempted to conduct 1 or more 
 sensitive transactions or activities described in subsection
            (c) for or on behalf of a foreign person described in paragraph

    (1) .''.

    (b) Priority for Investigation; Determination and Report.--

Section 301

    (b) of the Iran Threat Reduction and Syria Human Rights Act of 2012 
(22 U.S.C. 8741

    (b) ) is amended to read as follows:
 ``

    (b) Priority for Investigation; Determination and Report.--
 ``

    (1) Priority for investigation.--In identifying foreign 
 persons pursuant to subsection

    (a)

    (1) as officials, agents, or 
 affiliates of Iran's Revolutionary Guard Corps, the President 
 shall investigate--
 ``
        (A) foreign persons or entities identified under 
 

section 560.304 of title 31, Code of Federal 
 Regulations (relating to the definition of the 
 Government of Iran);
 ``
        (B) foreign persons for which there is a 
 reasonable basis to find that the person has conducted 
 or attempted to conduct 1 or more sensitive 
 transactions or activities described in subsection
            (c) ; 
 and
 ``
            (C) foreign persons listed under the headings 
 `Attachment 3' or `Attachment 4' in Annex A of United 
 Nations Security Council Resolution 2231, adopted on 
 July 20, 2015.
 ``

    (2) Determination and report.--
 ``
        (A) Determination.--
 ``
            (i) In general.--The President shall 
 determine whether each foreign person on the 
 list described in clause
            (ii) is a foreign 
 person that is owned or controlled by Iran's 
 Revolutionary Guard Corps.
 ``
            (ii) List.--The list of foreign persons 
 described in this clause are the following:
 ``
            (I) The Telecommunication Company 
 of Iran.
 ``
            (II) The Mobile Telecommunication 
 Company of Iran.
 ``
            (III) The Calcimin Public 
 Company.
 ``
            (IV) The Iran Tractor 
 Manufacturing Company of Iran.
 ``
            (V) The Iran Zinc Mines 
 Development Company.
 ``
            (VI) The National Iranian Lead 
 and Zinc Company.
 ``
            (VII) Ghadir Investment.
 ``
            (VIII) Parisian Oil & Gas 
 Development Company.
 ``
            (IX) The Pardis Petrochemical 
 Company.
 ``
            (X) The Tabriz Oil Refinery.
 ``
            (XI) Kermanshah Petrochemical 
 Industries.
 ``
        (B) Report.--
 ``
            (i) In general.--Not later than 90 days 
 after the date of the enactment of this 
 subsection, and not later 1 year thereafter, 
 the President shall submit to the appropriate 
 congressional committees a report on the 
 determinations made under subparagraph
        (A) together with the reasons for those 
 determinations.
 ``
            (ii) Form.--A report submitted under 
 clause
            (i) shall be submitted in unclassified 
 form but may contain a classified annex.''.
            (c) Sensitive Transactions and Activities Described.--

Section 301
            (c) of the Iran Threat Reduction and Syria Human Rights Act of 2012 
(22 U.S.C. 8741
            (c) ) is amended--

    (1) in paragraph

    (1) --
        (A) by striking ``$1,000,000'' and inserting 
 ``$500,000''; and
        (B) by inserting ``Iranian financial institution 
 or'' after ``involving a'';

    (2) by redesignating paragraphs

    (3) ,

    (4) , and

    (5) as 
 paragraphs

    (6) ,

    (7) , and

    (8) , respectively; and

    (3) by inserting after paragraph

    (2) the following new 
 paragraphs:
 ``

    (3) a transaction to provide material support for an 
 organization designated as a foreign terrorist organization 
 under 

section 219

    (a) of the Immigration and Nationality Act (8 
 U.S.C. 1189

    (a) ) or support for an act of international 
 terrorism (as defined in 

section 14 of the Iran Sanctions Act 
 of 1996 (Public Law 104-172; 50 U.S.C. 1701 note));
 ``

    (4) a transaction to provide material support to a 
 foreign person whose property and access to property has been 
 blocked pursuant to Executive Order 13224 (September 23, 2001; 
 relating to blocking property and prohibiting transactions with 
 persons who commit, threaten to commit, or support terrorism);
 ``

    (5) a transaction to provide material support for the 
 Government of Syria or any agency or instrumentality 
 thereof;''.
            (d) Regulations, Implementation, Penalties, and 

=== Definitions. ===
-

Section 301 of the Iran Threat Reduction and Syria Human Rights Act of 
2012 (22 U.S.C. 8741) is amended--

    (1) by redesignating subsection

    (f) as subsection

    (h) ; and

    (2) by inserting after subsection

    (e) the following new 
 subsections:
 ``

    (e) Penalties.--A person that violates, attempts to violate, 
conspires to violate, or causes a violation of subsection

    (a) or any 
regulation, license, or order issued to carry out subsection

    (a) shall 
be subject to the penalties set forth in subsections

    (b) and
            (c) of 

section 206 of the International Emergency Economic Powers Act (50 
U.S.C. 1705) to the same extent as a person that commits an unlawful 
act described in subsection

    (a) of that section.
 ``

    (f) 

=== Definitions. ===
-In this section:
 ``

    (1) Foreign person.--The term `foreign person' means--
 ``
        (A) an individual who is not a United States 
 person;
 ``
        (B) a corporation, partnership, or other 
 nongovernmental entity which is not a United States 
 person; or
 ``
            (C) any representative, agent or instrumentality 
 of, or an individual working on behalf of a foreign 
 government.
 ``

    (2) Iran's revolutionary guard corps.--The term `Iran's 
 Revolutionary Guard Corps' includes any senior foreign 
 political figure (as defined in 

section 1010.605 of title 31, 
 Code of Federal Regulations) of Iran's Revolutionary Guard 
 Corps.
 ``

    (3) Own or control.--The term `own or control' means, 
 with respect to an entity--
 ``
        (A) to hold more than 25 percent of the equity 
 interest by vote or value in the entity;
 ``
        (B) to hold a majority of seats on the board of 
 directors of the entity; or
 ``
            (C) to otherwise control the actions, policies, 
 or personnel decisions of the entity.
 ``

    (4) United states person.--The term `United States 
 person' means--
 ``
        (A) a United States citizen or an alien lawfully 
 admitted for permanent residence to the United States; 
 or
 ``
        (B) an entity organized under the laws of the 
 United States or of any jurisdiction within the United 
 States, including a foreign branch of such an 
 entity.''.

    (e) Conforming and Clerical Amendments.--The Iran Threat Reduction 
and Syria Human Rights Act of 2012 (22 U.S.C. 8701 et seq.) is 
amended--

    (1) by striking the heading of 

section 301 and inserting 
 the following:

``

SEC. 301. IDENTIFICATION OF, AND IMPOSITION OF SANCTIONS WITH RESPECT 
 TO, FOREIGN PERSONS THAT ARE OFFICIALS, AGENTS OR 
 AFFILIATES OF, OR OWNED OR CONTROLLED BY, IRAN'S 
 REVOLUTIONARY GUARD CORPS.'';

 and

    (2) in the table of contents, by striking the item relating 
 to 

section 301 and inserting the following:

``

Sec. 301. Identification of, and imposition of sanctions with respect 
 to, foreign persons that are officials, 
 agents or affiliates of, or owned or 
 controlled by, Iran's Revolutionary Guard 
 Corps.''.

SEC. 205. ADDITIONAL SANCTIONS WITH RESPECT TO FOREIGN PERSONS THAT 
 SUPPORT OR CONDUCT CERTAIN TRANSACTIONS WITH IRAN'S 
 REVOLUTIONARY GUARD CORPS OR OTHER SANCTIONED PERSONS.

    (a) Identification.--

Section 302

    (a)

    (1) of the Iran Threat Reduction 
and Syria Human Rights Act of 2012 (22 U.S.C. 8742

    (a)

    (1) )--

    (1) in subparagraph
        (B) --
        (A) by inserting ``, provide significant financial 
 services to, or provide material support to'' after 
 ``transactions with''; and
        (B) by striking ``or'' at the end;

    (2) in subparagraph
            (C) --
        (A) in the matter preceding clause
            (i) , by 
 inserting ``, provide significant financial services 
 to, or provide material support to'' after 
 ``transactions with'';
        (B) in clause
            (i) , by striking ``or'' at the end; 
 and
            (C) by striking clause
            (ii) and inserting the 
 following:
 ``
            (ii) a person or entity designated as 
 foreign terrorist organizations under 

section 219

    (a) of the Immigration and Nationality Act 
 (8 U.S.C. 1189

    (a) ) or that has provided support 
 for an act of international terrorism (as 
 defined in 

section 14 of the Iran Sanctions Act 
 of 1996 (Public Law 104-172; 50 U.S.C. 1701 
 note)); or
 ``
            (iii) a foreign person whose property and 
 access to property has been blocked pursuant to 
 Executive Order 13224 (September 23, 2001; 
 relating to blocking property and prohibiting 
 transactions with persons who commit, threaten 
 to commit, or support terrorism); or''; and

    (3) by adding at the end the following:
 ``
            (D) a person acting on behalf of or at the 
 direction of, or owned or controlled (as that term is 
 defined in 

section 301) by, a person described in 
 subparagraph
        (A) ,
        (B) , or
            (C) .''.

    (b) Imposition of Sanctions.--

Section 302

    (b) of the Iran Threat 
Reduction and Syria Human Rights Act of 2012 (22 U.S.C. 8742

    (b) ) is 
amended by striking ``the President--'' and all that follows and 
inserting ``the President shall block and prohibit all transactions in 
property and interests in property with respect to such foreign person 
if such property and interests in property are in the United States, 
come within the United States, or are or come within the possession or 
control of a United States person.''.

SEC. 206. REPORTS ON CERTAIN IRANIAN PERSONS AND SECTORS OF IRAN'S 
 ECONOMY THAT ARE CONTROLLED BY IRAN'S REVOLUTIONARY GUARD 
 CORPS.

    (a) Statement of 

=== Policy ===
-It shall be the policy of the United 
States to fully implement and enforce sanctions against Iran's 
Revolutionary Guard Corps, including its officials, agents, and 
affiliates.

    (b) In General.--Subtitle B of title III of the Iran Threat 
Reduction and Syria Human Rights Act of 2012 (Public Law 112-158; 126 
Stat. 1247) is amended by adding at the end the following:

``

SEC. 313. REPORT ON CERTAIN IRANIAN PERSONS.

 ``

    (a) In General.--Not later than 180 days after the date of the 
enactment of this section, and annually thereafter for a period not to 
exceed 3 years, the President shall submit to the appropriate 
congressional committees a report that contains the following:
 ``

    (1) A list of foreign persons listed on the Tehran Stock 
 Exchange and, with respect to each such foreign person--
 ``
        (A) an identification of the sector of Iran's 
 economy in which the foreign person is located; and
 ``
        (B) a determination of whether or not Iran's 
 Revolutionary Guard Corps or any foreign persons that 
 are officials, agents, or affiliates of Iran's 
 Revolutionary Guard Corps, directly or indirectly, owns 
 or controls the foreign person.
 ``

    (2) A list of foreign persons that are operating business 
 enterprises in Iran that have a valuation of more than 
 $100,000,000 and, with respect to each such foreign person--
 ``
        (A) an identification of the sector of Iran's 
 economy in which the foreign person is located; and
 ``
        (B) a determination of whether or not Iran's 
 Revolutionary Guard Corps or any foreign persons that 
 are officials, agents, or affiliates of Iran's 
 Revolutionary Guard Corps, directly or indirectly owns 
 or controls the foreign person.
 ``

    (3) A list of Iranian financial institutions that have a 
 valuation of more than $10,000,000 and, with respect to each 
 such Iranian financial institution--
 ``
        (A) an identification of the sector of Iran's 
 economy in which the institution is located; and
 ``
        (B) a determination of whether or not--
 ``
            (i) the institution has knowingly 
 facilitated a significant transaction directly 
 or indirectly for, or on behalf of, Iran's 
 Revolutionary Guard Corps during the 2-year 
 period beginning on the date of the enactment 
 of this section; or
 ``
            (ii) Iran's Revolutionary Guard Corps or 
 any foreign persons that are officials, agents, 
 or affiliates of Iran's Revolutionary Guard 
 Corps, directly or indirectly, owns or controls 
 the institution.
 ``

    (b) Form of Report; Public Availability.--
 ``

    (1) Form.--The report required by paragraph

    (1) shall be 
 submitted in unclassified form but may contain a classified 
 annex.
 ``

    (2) Public availability.--The unclassified portion of the 
 report required by paragraph

    (1) shall be posted on a publicly-
 available Internet website of the Department of the Treasury 
 and a publicly-available Internet website of the Department of 
 State.
 ``
            (c) === Definitions. ===
-In this section:
 ``

    (1) Foreign person.--The term `foreign person' means--
 ``
        (A) an individual who is not a United States 
 person;
 ``
        (B) a corporation, partnership, or other 
 nongovernmental entity which is not a United States 
 person; or
 ``
            (C) any representative, agent or instrumentality 
 of, or an individual working on behalf of a foreign 
 government.
 ``

    (2) Iran's revolutionary guard corps.--The term `Iran's 
 Revolutionary Guard Corps' includes any senior foreign 
 political figure (as defined in 

section 1010.605 of title 31, 
 Code of Federal Regulations) of Iran's Revolutionary Guard 
 Corps.
 ``

    (3) Iranian financial institution.--The term `Iranian 
 financial institution' means--
 ``
        (A) a financial institution organized under the 
 laws of Iran or any jurisdiction within Iran, including 
 a foreign branch of such an institution;
 ``
        (B) a financial institution located in Iran;
 ``
            (C) a financial institution, wherever located, 
 owned or controlled by the Government of Iran; or
 ``
            (D) a financial institution, wherever located, 
 owned or controlled by a financial institution 
 described in subparagraph
        (A) ,
        (B) , or
            (C) .
 ``

    (4) Own or control.--The term `own or control' has the 
 meaning given such term in 

section 301.
 ``

    (5) Significant transaction.--A transaction shall be 
 determined to be a `significant transaction' in accordance with 
 

section 561.404 of title 31, Code of Federal Regulations.
 ``

    (6) United states person.--The term `United States 
 person' means--
 ``
        (A) a United States citizen or an alien lawfully 
 admitted for permanent residence to the United States; 
 or
 ``
        (B) an entity organized under the laws of the 
 United States or of any jurisdiction within the United 
 States, including a foreign branch of such an entity.

``

SEC. 314. REPORT ON SECTORS OF IRAN'S ECONOMY THAT ARE CONTROLLED BY 
 IRAN'S REVOLUTIONARY GUARD CORPS.

 ``

    (a) In General.--Not later than 180 days after the date of 
enactment of this section, and every 180 days thereafter, the President 
shall submit to the appropriate congressional committees a report that 
identifies each sector of Iran's economy described in subsection

    (b) .
 ``

    (b) Sectors of Iran's Economy Described.--
 ``

    (1) In general.--The sectors of Iran's economy described 
 in this subsection are each sector in which 20 or more of any 
 of the Iranian financial institutions or foreign persons 
 described in paragraph

    (2) are located in such sector.
 ``

    (2) Iranian financial institutions and foreign persons 
 described.--The Iranian financial institutions and foreign 
 persons described in this subsection are the following:
 ``
        (A) Iranian financial institutions listed under 
 

section 313

    (a)

    (1)
        (B)
            (ii) .
 ``
        (B) Foreign persons listed under 

section 313

    (a)

    (2)
        (B) .
 ``
            (C) Foreign persons listed under 

section 313

    (a)

    (3)
        (B) .''.

 TITLE III--MATTERS RELATING TO THE DESIGNATION OF CERTAIN ENTITIES

SEC. 301. PROHIBITION ON FUTURE WAIVERS AND LICENSES CONNECTED TO THE 
 DESIGNATION OF THE IRGC.

 Beginning on the date of the enactment of this Act, all waivers and 
licenses in effect as of such date issued by the President pursuant to 
the designation of the Islamic Revolutionary Guard Corps under 
Executive Order 13224 (50 U.S.C. 1701 note; relating to blocking 
property and prohibiting transactions with persons who commit, threaten 
to commit, or support terrorism) shall remain in effect, and the 
President may not issue a new waiver or license with respect to any 
activity connected to the Islamic Revolutionary Guard Corps, until the 
date on which the President makes the certification to Congress 
pursuant to 

section 8 of the Iran Sanctions Act of 1996 (50 U.S.C. 1701 
note) as amended by this Act.

SEC. 302. PROHIBITION ON FUTURE WAIVERS AND LICENSES CONNECTED TO THE 
 DESIGNATION OF THE IRGC AS A FOREIGN TERRORIST 
 ORGANIZATION.

 The Secretary of State may not remove the designation of the 
Islamic Revolutionary Guard Corps as a foreign terrorist organization 
pursuant to 

section 219 of the Immigration and Nationality Act (8 
U.S.C. 1189) unless the President makes the certification to Congress 
pursuant to 

section 8 of the Iran Sanctions Act of 1996 (50 U.S.C. 1701 
note) as amended by this Act. The waiver issued by the Secretary of 
State pursuant to the Notice of Determination published on April 24, 
2019 (84 Fed. Reg. 17227; relating to material support for certain 
foreign governmental sub-entities), shall remain in effect, and the 
President may not issue a new waiver or license with respect to any 
activity connected to the designation of the Islamic Revolutionary 
Guard Corps, until the date on which the President makes the 
certification to Congress pursuant to 

section 8 of the Iran Sanctions 
Act of 1996 (50 U.S.C. 1701 note) as amended by this Act.

SEC. 303. CODIFICATION OF EXECUTIVE ORDER 14175 RELATING TO ANSAR ALLAH 
 IN YEMEN.

    (a) 

=== Findings ===
-Congress finds the following:

    (1) The Houthis are armed, trained, and advised by the 
 Islamic Revolutionary Guard Corps, an entity designated as a 
 foreign terrorist organization pursuant to 

section 219 of the 
 Immigration and Nationality Act (8 U.S.C. 1189).

    (2) According to former Secretary of State Mike Pompeo, the 
 Houthis are responsible for a number of terrorist acts, 
 ``including cross-border attacks threatening civilian 
 populations, infrastructure, and commercial shipping.''.

    (b) Sense of Congress.--It is the sense of the Congress that the 
designation of the Ansarallah in Yemen (otherwise known as the 
``Houthis'') as a foreign terrorist organization by former Secretary of 
State Mike Pompeo, which took effect on January 19, 2021, was an 
essential step to hold Iran's proxies accountable.
            (c) Codification of Executive Order 14175.--Executive Order 14175, 
signed on January 22, 2025 (90 Fed. Reg. 8639; relating to designation 
of Ansar Allah as a Foreign Terrorist Organization) shall have the 
force and effect of enacted law.

 TITLE IV--DETERMINATIONS AND REPORTS

SEC. 401. DETERMINATIONS WITH RESPECT TO THE IMPOSITION OF SANCTIONS.

    (a) Determination.--Not later than 90 days after the date of the 
enactment of this Act, the Secretary of State shall submit to the 
appropriate congressional committees a determination, including a 
detailed justification, on whether Kata'ib Sayyid al-Shuhada, Kata'ib 
al-Imam Ali, Saraya Khorasani, and the Badr Corps, and any foreign 
person that is an official, agent, affiliate of, or owned or controlled 
by Kata'ib Sayyid al-Shuhada, Kata'ib al-Imam Ali, Saraya Khorasani, or 
the Badr Corps, meets the criteria for--

    (1) designation as a foreign terrorist organization 
 pursuant to 

section 219 of the Immigration and Nationality Act 
 (8 U.S.C. 1189);

    (2) the application of sanctions pursuant to Executive 
 Order 13224 (50 U.S.C. 1701 note; relating to blocking property 
 and prohibiting transactions with persons who commit, threaten 
 to commit, or support terrorism); or

    (3) the application of sanctions pursuant to the Caesar 
 Syria Civilian Protection Act of 2019 (22 U.S.C. 8791 note).

    (b) Form.--The determination in subsection

    (a) shall be submitted 
in unclassified form but may contain a classified annex.
            (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--

    (1) the Committee on Armed Services, the Committee on 
 Foreign Affairs, the Permanent Select Committee on 
 Intelligence, the Committee on Financial Services, and the 
 Committee on the Judiciary of the House of Representatives; and

    (2) the Committee on Armed Services, the Committee on 
 Foreign Relations, the Select Committee on Intelligence, the 
 Committee on Banking, Housing, and Urban Affairs, and the 
 Committee on the Judiciary of the Senate.

SEC. 402. IRANIAN MILITIA WATCHLISTS.

    (a) In General.--The Secretary of State shall annually maintain and 
publish a list of armed groups, militias, or proxy forces in Iraq 
receiving logistical, military, or financial assistance from Islamic 
Revolutionary Guard Corps or over which the Islamic Revolutionary Guard 
Corps exerts any form of control or influence.

    (b) Publication.--The list required under subsection

    (a) shall be 
published concurrently with the Annual Country Reports on Terrorism 
required to be submitted pursuant to 

section 140 of the Foreign 
Relations Authorization Act, Fiscal Years 1988 and 1989 (22 U.S.C. 
2656f), beginning with the first such Country Reports published after 
the date of the enactment of this Act.
            (c) Form.--The Secretary may, not later than 30 days after 
publication of the Annual Country Reports on Terrorism in accordance 
with subsection

    (b) , submit to the Committee on Foreign Affairs of the 
House of Representatives and the Committee on Foreign Relations of the 
Senate a classified annex with respect to the list required under 
subsection

    (a) .

SEC. 403. EXPANSION OF REPORTING TO INCLUDE IRANIAN ARMS SHIPMENTS TO 
 THE HOUTHIS AND IRANIAN BACKED MILITIAS IN IRAQ AND 
 SYRIA.

    (a) Sense of Congress.--It is the sense of the Congress that Iran's 
influence and activities in Yemen are a threat to the national security 
of the United States and its regional partners, including Israel and 
Saudi Arabia, and that the United States must stand with Israel and 
Gulf allies against Houthi aggression in Yemen.

    (b) Reporting Requirements.--

Section 103

    (b)

    (6)
        (A) of the Countering 
America's Adversaries Through Sanctions Act (22 U.S.C. 9402

    (b)

    (6)
        (A) ) 
is amended by inserting ``Ansarallah, also known as the Houthis, 
Iranian backed militias in Iraq and Syria, or,'' after ``bound for''.

SEC. 404. ANNUAL REPORT ON IRAN SANCTIONS VIOLATIONS.

    (a) Reporting Requirement.--Not later than 30 days after the 
enactment of this Act, and annually thereafter, the Secretary of the 
State, in consultation with the Secretary of the Treasury, shall submit 
to the appropriate congressional committees a report that includes a 
list of each person not currently subject to United States sanctions 
that the Secretary determines is in violation of--

    (1) this Act or the amendments made by this Act;

    (2) the Iran Sanctions Act of 1996 (Public Law 104-172; 50 
 U.S.C. 1701 note);

    (3) the Comprehensive Iran Sanctions, Accountability, and 
 Divestment Act of 2010 (22 U.S.C. 8501 et seq.);

    (4) section 1245 of the National Defense Authorization Act 
 for Fiscal Year 2012 (22 U.S.C. 8513a);

    (5) the Iran Threat Reduction and Syria Human Rights Act of 
 2012 (22 U.S.C. 8701 et seq.);

    (6) the Iran Freedom and Counter-Proliferation Act of 2012 
 (22 U.S.C. 8801 et seq.);

    (7) the International Emergency Economic Powers Act (50 
 U.S.C. 1701 note); or

    (8) any other statute or Executive order that requires or 
 authorizes the imposition of sanctions with respect to Iran.

    (b) Form.--Each report required by paragraph

    (1) shall be submitted 
in unclassified form but may include a classified annex.
            (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--

    (1) the Committee on Foreign Affairs and the Committee on 
 Financial Services of the House of Representatives; and

    (2) the Committee on Foreign Relations and the Committee on 
 Banking, Housing, and Urban Affairs of the Senate.

SEC. 405. REPORT ON SANCTIONS RELIEF GOING TO TERRORISM OR 
 DESTABILIZING ACTIVITIES.

    (a) Reporting Requirement.--Not later than 180 days after the 
enactment of this Act, and annually thereafter, the Secretary of the 
State, in consultation with the Secretary of the Treasury, shall submit 
to the appropriate congressional committees a report describing--

    (1) the status of United States sanctions on Iran;

    (2) the reimposition and renewed enforcement of secondary 
 sanctions on Iran;

    (3) the impact such sanctions have had on Iran's support 
 for terrorism including Hamas, Hezbollah, Palestinian Islamic 
 Jihad, and other foreign terrorist organizations;

    (4) the impact such sanctions have had on Iran's military 
 budget, including the budget of the Islamic Revolutionary Guard 
 Corps;

    (5) the impact such sanctions have had on the budget and 
 resources available to the Basij, and how such sanctions have 
 affected the ability of the Basij to commit gross human rights 
 abuses against the people of Iran;

    (6) the impact such sanctions have had on Iran's support to 
 the al-Assad regime in Syria and to Iranian backed militias 
 operating in Syria;

    (7) the impact that such sanctions have had on Iran's 
 support for Ansarallah, also known as the Houthis, in Yemen; 
 and

    (8) the impact that lifting such sanctions would have on 
 Iran's ability to commit human rights abuses against the people 
 of Iraq, Syria, Lebanon, and Yemen, including a detailed 
 description of whether lifting such sanctions would increase 
 the resources available for Iran and its proxy militias to 
 support gross human rights abuses such as torture, 
 extrajudicial killings, or the killing of protesters in Iraq, 
 Syria, Lebanon, and Yemen.

    (b) Form.--

    (1) In general.--The report required by paragraph

    (1) shall 
 be submitted in unclassified form, but may contain a classified 
 annex if necessary.

    (2) Public availability of information.--The unclassified 
 portion of such report shall be made available on a publicly 
 available internet website of the Federal Government.
            (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--

    (1) the Committee on Armed Services, the Committee on 
 Foreign Affairs, the Committee on Financial Services; and

    (2) the Committee on Armed Services, the Committee on 
 Foreign Relations, the Committee on Banking, Housing, and Urban 
 Affairs, and the Committee on the Judiciary of the Senate.

SEC. 406. SUPPORTING HUMAN RIGHTS FOR THE PEOPLE OF IRAN AND THE 
 VICTIMS OF IRANIAN HUMAN RIGHTS ABUSES IN SYRIA, LEBANON, 
 YEMEN, AND VENEZUELA.

    (a) Statement of 

=== Policy ===
-It shall be the policy of the United 
States to--

    (1) support democracy and human rights in Iran, including 
 the robust exercise by Iranians of the rights to freedom of 
 speech and assembly;

    (2) where possible, support the free flow of information 
 into Iran to make it easier for Iranian citizens to communicate 
 with 1 another and with the outside world;

    (3) hold Iran accountable for severe human rights abuses 
 against its own people and the people of the Middle East and 
 Latin America, including the peoples of Iraq, Syria, Lebanon 
 Yemen, and Venezuela; and

    (4) condemn any and all attacks against protesters by Iran 
 or its sponsored militias.

    (b) Determination With Respect to the Imposition of Sanctions.--Not 
later than 180 days after the date of the enactment of this Act, the 
President shall submit to the appropriate congressional committees a 
determination, including a detailed justification, of whether any 
person listed in subsection
            (c) meets the criteria for--

    (1) the application of sanctions pursuant to 

section 105 of 
 the Comprehensive Iran Sanctions, Accountability, and 
 Divestment Act of 2010 (22 U.S.C. 8514) or pursuant to the 
 Mahsa Amini Human Rights and Security Accountability Act 
 (division L of Public Law 118-50; 22 U.S.C. 8501 note); or

    (2) the application of sanctions pursuant to Executive 
 Order 13553 (50 U.S.C. 1701 note; relating to blocking property 
 of certain persons with respect to serious human rights abuses 
 by the Government of Iran).
            (c) Persons Listed.--The persons listed in this subsection are--

    (1) Ayatollah Ali Khamenei, the Supreme Leader of Iran;

    (2) Gholamali Mohammadi, the head of Iran's Prisons 
 Organization;

    (3) Amin Hossein Rahimi, Iran's Minister of Justice;

    (4) Mohammad Ali Zolfigol, Iran's Minister of Science;

    (5) Mohammad Mehdi Esmaeili, Iran's Minister of Culture;

    (6) Hassan Hassanzadeh, Iran's Islamic Revolutionary Guard 
 Corps commander;

    (7) Mohammed Reza Yazdi, IRGC commander;

    (8) Amin Vaziri, Deputy Prosecutor of Tehran and assistant 
 supervisor of political prisoners in Evin prison;

    (9) Heshmatollah Hayat Al-Ghayb, Tehran's Director-General 
 of Prisons;

    (10) Allahkaram Azizi, Head of the Rajaie-Shahr prison in 
 Karaj, Iran;

    (11) Ali Al-Qasi Mehr, Prosecutor General of Tehran;

    (12) Ali Hemmatian, IRGC interrogator; and

    (13) Masoud Safdari, IRGC interrogator.
            (d) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--

    (1) the Committee on Armed Services, the Committee on 
 Foreign Affairs, the Committee on Financial Services of the 
 House of Representatives; and

    (2) the Committee on Armed Services, the Committee on 
 Foreign Relations, the Committee on Banking, Housing, and Urban 
 Affairs, and the Committee on the Judiciary of the Senate.

    (e) Codification of Executive Orders.--The following executive 
orders shall have the force and effect of enacted law:

    (1) Executive Order 13876 (84 Fed. Reg. 30573).

    (2) Executive Order 13553 (75 Fed. Reg. 60567).

    (3) Executive Order 13818 (82 Fed. Reg. 60839).

SEC. 407. DETERMINATION WITH RESPECT TO NET WORTH OF IRANIAN SUPREME 
 LEADER AYATOLLAH ALI KHAMENEI.

    (a) Determination Required.--Not later than 180 days after the date 
of the enactment of this Act, the Secretary of State, in consultation 
with the Secretary of the Treasury and the Director of National 
Intelligence, shall submit to the appropriate congressional committees 
a report on the estimated net worth and known sources of income, 
including income from corrupt or illicit activities, of Iranian Supreme 
Leader Ali Khamenei and his family members (including spouse, children, 
siblings, and paternal and maternal cousins), including assets, 
investments, other business interests, and relevant beneficial 
ownership information. Such report shall also include shares in and 
ties to Iranian parastatal institutions or bonyaads, such as the 
Mostazafan Foundation and the Astan Quds Razavi, as well as the total 
estimated value of Mostazafan Foundation and the Astan Quds Razavi.

    (b) Form.--The report required by subsection

    (a) shall be submitted 
in unclassified form, but may contain a classified annex. The 
unclassified portion of such report shall be made available on a 
publicly available internet website of the Federal Government.
            (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--

    (1) the Committee on Armed Services, the Committee on 
 Foreign Affairs, the Committee on Financial Services; and

    (2) the Committee on Armed Services, the Committee on 
 Foreign Relations, and the Committee on Banking, Housing, and 
 Urban Affairs.

SEC. 408. IRGC WATCH LIST AND REPORT.

    (a) In General.--The Secretary of the Treasury shall establish, 
maintain, and publish in the Federal Register a list (to be known as 
the ``IRGC Watch List'') of--

    (1) each entity in which the IRGC has an ownership interest 
 of less than 25 percent;

    (2) each entity in which the IRGC does not have an 
 ownership interest if the IRGC maintains a presence on the 
 board of directors of the entity or otherwise influences the 
 actions, policies, or personnel decisions of the entity; and

    (3) each person that owns or controls an entity described 
 in paragraph

    (1) or

    (2) .

    (b) Reports Required.--

    (1) Treasury report.--
        (A) In general.--Not later than 90 days after the 
 date of the enactment of this Act, and annually 
 thereafter, the Secretary of the Treasury shall submit 
 to the appropriate congressional committees a report 
 that includes--
            (i) the list required by subsection

    (a) and, in the case of any report submitted under 
 this subparagraph after the first such report, 
 any changes to the list since the submission of 
 the preceding such report; and
            (ii) an assessment of the role of the IRGC 
 in, and its penetration into, the economy of 
 Iran.
        (B) Form of report.--Each report required by 
 subparagraph
        (A) shall be submitted in unclassified 
 form, but may include a classified annex if necessary. 
 The unclassified portion of such report shall be made 
 available on a publicly available internet website of 
 the Federal Government.

    (2) Government accountability office report.--
        (A) In general.--The Comptroller General of the 
 United States shall--
            (i) conduct a review of the list required 
 by subsection

    (a) ; and
            (ii) not later than 180 days after each 
 report required by paragraph

    (1) is submitted 
 to Congress, submit to Congress a report on the 
 review conducted under clause
            (i) .
        (B) Consultations.--In preparing the report 
 required by subparagraph
        (A)
            (ii) , the Comptroller 
 General shall consult with nongovernmental 
 organizations.
            (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--

    (1) the Committee on Armed Services, the Committee on 
 Foreign Affairs, the Committee on Financial Services of the 
 House of Representatives; and

    (2) the Committee on Armed Services, the Committee on 
 Foreign Relations, and the Committee on Banking, Housing, and 
 Urban Affairs of the Senate.

SEC. 409. REPORT ON IRAN'S BREAKOUT TIMELINE FOR URANIUM ENRICHMENT AND 
 NUCLEAR WEAPONIZATION.

    (a) Reporting Requirement.--Not later than 180 days after the date 
of the enactment of this Act, and annually thereafter, the Secretary of 
the State, in consultation with the Director of National Intelligence, 
shall submit to the appropriate congressional committees a report that 
includes--

    (1) an assessment of Iran's estimated breakout timeline for 
 uranium enrichment to achieve the fissile material necessary 
 for a nuclear weapon; and

    (2) an assessment of Iran's estimated weaponization 
 timeline to obtain a nuclear weapon.

    (b) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--

    (1) the Committee on Armed Services, the Committee on 
 Foreign Affairs, the Committee on Financial Services of the 
 House of Representatives; and

    (2) the Committee on Armed Services, the Committee on 
 Foreign Relations, the Committee on Banking, Housing, and Urban 
 Affairs, and the Committee on the Judiciary of the Senate.

SEC. 410. REPORT ON IRANIAN DISINFORMATION CAMPAIGNS AND COUNTER-
 DISINFORMATION EFFORTS.

    (a) Reporting Requirement.--Not later than 180 days after the 
enactment of this Act, and annually thereafter, the Global Engagement 
Center

    (GEC) of the Department of State shall submit to the appropriate 
congressional committees a report describing--

    (1) the scope of Iranian disinformation efforts around the 
 world including in the United States;

    (2) the objectives of Iran's disinformation campaign, the 
 means used by Iran to further such campaigns, and the 
 mechanisms by which Iran spreads disinformation and propaganda; 
 and

    (3) a detailed strategy regarding how the GEC intends to 
 counter disinformation efforts conducted by Iran.

    (b) Form.--The report required by subsection

    (a) shall be submitted 
in unclassified form, but may include a classified annex if necessary. 
The unclassified portion of such report shall be made available on a 
publicly available internet website of the Federal Government.
            (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--

    (1) the Committee on Armed Services, the Committee on 
 Foreign Affairs, the Committee on Financial Services of the 
 House of Representatives; and

    (2) the Committee on Armed Services, the Committee on 
 Foreign Relations, the Committee on Banking, Housing, and Urban 
 Affairs, and the Committee on the Judiciary of the Senate.

SEC. 411. REPORT ON IRANIAN SUPPORT TO HAMAS.

    (a) Reporting Requirement.--Not later than 180 days after the date 
of enactment of this Act, and annually thereafter, the Director of 
National Intelligence shall submit to the appropriate congressional 
committees a report describing--

    (1) the extent of Hamas' funding by Iran;

    (2) the extent regarding how the enforcement of United 
 States sanctions on Iranian oil affect the resources of Hamas; 
 and

    (3) an assessment of how the enforcement of United States 
 sanctions on Iran during the period of 2019-2020 as compared to 
 2021-2023 affected Hamas budgets.

    (b) Form.--The report required by subsection

    (a) shall be submitted 
in unclassified form, but may include a classified annex if necessary. 
The unclassified portion of such report shall be made available on a 
publicly available internet website of the Federal Government.
            (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--

    (1) the Committee on Armed Services, the Committee on 
 Foreign Affairs, the Committee on Financial Services of the 
 House of Representatives; and

    (2) the Committee on Armed Services, the Committee on 
 Foreign Relations, the Committee on Banking, Housing, and Urban 
 Affairs, and the Committee on the Judiciary of the Senate.

SEC. 412. REPORT ON UNBLOCKED IRANIAN ASSETS AND TERRORISM.

    (a) Reporting Requirement.--Not later than 180 days after the date 
of enactment of this Act, and every 180 days thereafter, the Director 
of National Intelligence shall submit to the appropriate congressional 
committees a report describing--

    (1) whether any sanctions relating to Iran which have been 
 waived, suspended, reduced, or otherwise relieved within the 3 
 years prior to the enactment of this Act have freed up 
 resources for Iran to provide support to foreign terrorist 
 organizations and other proxy militia groups; and

    (2) a description of the extent to which any sanctions 
 relating to Iran which have been waived, suspended, reduced, or 
 otherwise relieved within the last 3 year period, have provided 
 increased resources to the IRGC or any other foreign terrorist 
 organization or proxy militia group.

    (b) Form.--The report required by subsection

    (a) shall be submitted 
in unclassified form, but may include a classified annex if necessary. 
The unclassified portion of such report shall be made available on a 
publicly available internet website of the Federal Government.
            (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--

    (1) the Committee on Armed Services, the Committee on 
 Foreign Affairs, the Committee on Financial Services of the 
 House of Representatives; and

    (2) the Committee on Armed Services, the Committee on 
 Foreign Relations, the Committee on Banking, Housing, and Urban 
 Affairs, and the Committee on the Judiciary of the Senate.

SEC. 413. REPORT ON IRANIAN COUNTERINTELLIGENCE THREATS IN THE UNITED 
 STATES.

    (a) Reporting Requirement.--Not later than 180 days after the 
enactment of this Act, and annually thereafter, the Attorney General 
jointly with the Director of National Intelligence shall submit to the 
appropriate congressional committees a report describing--

    (1) the scope of Iranian counterintelligence threats;

    (2) a determination regarding whether agents of the 
 Government of Iran have sought employment or have been employed 
 in positions in the United States Federal Government;

    (3) an assessment of Iranian espionage, influence, and 
 infiltration efforts in the United States, to include an 
 assessment of the role of the Iran Experts Initiative in these 
 efforts; and

    (4) a strategy to counter Iranian espionage, influence, and 
 infiltration efforts in the United States.

    (b) Form.--The report required by subsection

    (a) shall be submitted 
in unclassified form, but may include a classified annex if necessary. 
The unclassified portion of such report shall be made available on a 
publicly available internet website of the Federal Government.
            (c) Appropriate Congressional Committees Defined.--In this section, 
the term ``appropriate congressional committees'' means--

    (1) the Committee on Armed Services, the Committee on 
 Foreign Affairs, the Committee on Financial Services of the 
 House of Representatives; and

    (2) the Committee on Armed Services, the Committee on 
 Foreign Relations, the Committee on Banking, Housing, and Urban 
 Affairs, and the Committee on the Judiciary of the Senate.

 TITLE V--ADDITIONAL MATTERS

SEC. 501. INCREASING REWARDS FOR JUSTICE FOR HAMAS, HEZBOLLAH, THE 
 ISLAMIC REVOLUTIONARY GUARD CORPS AND OTHER TERRORISTS 
 INVOLVED IN OCTOBER 7, 2023, TERRORIST ATTACKS AGAINST 
 ISRAEL.

    (a) Section 36

    (b) of the State Department Basic Authorities Act of 
1956 (22 U.S.C. 2708

    (b) ) is amended--

    (1) in paragraph

    (13) , by striking ``; or'' and inserting a 
 semicolon;

    (2) in paragraph

    (14) , by striking the period at the end 
 and inserting ``; or''; and

    (3) by adding at the end the following new paragraph:
 ``

    (15) the arrest or conviction in any country of any 
 individual who is--
 ``
        (A) a member of Hamas, Palestinian Islamic Jihad, 
 Hezbollah, the Islamic Revolutionary Guard Corps, or 
 any other foreign terrorist organization that 
 participated in or helped fund or plan the October 7, 
 2023, terrorist attack against Israel; or
 ``
        (B) a leader of Hamas, Palestinian Islamic Jihad, 
 Hezbollah, the Islamic Revolutionary Guard Corps, or 
 any other foreign terrorist organization aligned with 
 or affiliated with the Islamic Republic of Iran.''.

    (b) Paragraph

    (1) of 

section 36

    (e) of the State Department Basic 
Authorities Act of 1956 (22 U.S.C. 2708

    (e) ) is amended to read as 
follows--
 ``

    (1) Maximum amount.--
 ``
        (A) No reward paid under this section may exceed 
 $25,000,000, except--
 ``
            (i) as personally authorized by the 
 Secretary of State if they determine that offer 
 or payment of an award of a larger amount is 
 necessary to combat terrorism or defend the 
 Nation against terrorist acts; or
 ``
            (ii) if the reward is for the capture or 
 information leading to the capture of any 
 individual described in paragraph

    (15) of 
 subsection

    (b) of this section.
 ``
        (B) Without first making such determination, the 
 Secretary may authorize a reward of up to twice the 
 amount specified in this paragraph for the capture or 
 information leading to the capture of a leader of a 
 foreign terrorist organization.''.

SEC. 502. REPURPOSING FROZEN IRANIAN FUNDS FOR UNITED STATES VICTIMS OF 
 STATE SPONSORED TERRORISM FUND.

    (1) In general.--Not later than 90 days after the enactment 
 of this Act, the President shall make available for the United 
 States Victims of State Sponsored Terrorism Fund--
        (A) those funds transferred from the Republic of 
 Korea to Qatar pursuant to the waiver exercised 
 pursuant to 

section 1245
            (d) (5) of the National Defense 
 Authorization Act for Fiscal Year 2012 and sections 
 1244
            (i) and 1247

    (f) of the Iran Freedom and Counter-
 Proliferation Act of 2012 and transmitted to Congress 
 on September 11, 2023; and
        (B) any other funds held with respect to United 
 States sanctions on the Islamic Republic of Iran that 
 the President determines is appropriate to be made 
 available to the United States Victims of State 
 Sponsored Terrorism Fund.

    (2) Rule of construction.--Nothing in this section shall be 
 construed as to deny payments from the United States Victims of 
 State Sponsored Terrorism Fund to the victims of the October 7, 
 2023, attack in Israel who file an eligible claim under 
 subsection
            (c) of 

section 20144 of the Justice of United States 
 Victims of State Sponsored Terrorism Act (34 U.S.C. 20144
            (c) ) 
 after the President has already made the funds described in 
 paragraph

    (1) of this section available to the United States 
 Victims of State Sponsored Terrorism Fund.

SEC. 503. DETERMINATION REGARDING APPLICABLE IRANIAN FINANCIAL 
 INSTITUTIONS UNDER EXECUTIVE ORDER 13902.

    (1) Determination required.--Not later than 90 days after 
 the enactment of this Act, and every 180 days thereafter, the 
 Secretary of the Treasury shall, in consultation with the 
 Secretary of State, determine whether any Iranian financial 
 institution to which the applicable sanctions under Executive 
 Order 13902 have not already been applied qualifies for such 
 sanctions.

    (2) Sanctions required.--Should the Secretary of the 
 Treasury determine that any institution qualifies for the 
 applicable sanctions in Executive Order 13902, then the 
 Secretary shall impose the applicable sanctions described in 
 the order on the qualifying institution.

SEC. 504. MAXIMIZING THE ABILITY OF IRANIAN TERROR VICTIMS TO COLLECT 
 ON EXISTING JUDGMENTS AGAINST IRAN.

 

Section 1605A of title 28, United States Code, is amended by adding 
at the end the following:
 ``
            (i) Report on Collection of Judgments Against Iran.--
 ``

    (1) Report.--Not later than 180 days after the date of 
 enactment of this subsection, and annually thereafter, the 
 Attorney General, in consultation with the Secretary of the 
 Treasury and the Secretary of State, shall submit to the 
 Committee on the Judiciary and the Committee on Foreign 
 Relations of the Senate and the Committee on the Judiciary and 
 the Committee on Foreign Affairs of the House of 
 Representatives a report detailing available legal and 
 practical mechanisms for victims awarded judgments under this 
 section to enforce and collect on such judgments against Iran.
 ``

    (2) Contents of report.--The report shall include--
 ``
        (A) an assessment of Iranian assets within the 
 jurisdiction of the United States that could be subject 
 to attachment or execution;
 ``
        (B) recommendations for legislative or executive 
 actions to facilitate the satisfaction of such 
 judgments; and
 ``
            (C) an analysis of existing impediments to the 
 collection of these judgments and proposed 
 solutions.''.

SEC. 505. CREATION OF IRAN STRIKE FUND.

 The Stop Harboring Iranian Petroleum Act (22 U.S.C. 8501 et seq) is 
amended by inserting after 

section 5 the following:

``

SEC. 5A. IRAN LABOR STRIKE AND CIVIL SOCIETY SUPPORT FUND.

 ``

    (a) Establishment of Fund.--There is established a fund to be 
known as the `Iran Labor Strike and Civil Society Support Fund' 
(hereinafter referred to as the `Fund'), which shall provide financial 
assistance to Iranian workers engaging in labor strikes and support for 
families of political prisoners and individuals who have lost income 
earners due to political repression.
 ``

    (b) Funding Sources.--The Fund shall be financed through--
 ``

    (1) penalties and fines collected from violations of 
 Iran-related sanctions laws;
 ``

    (2) asset forfeitures from Iranian regime officials and 
 entities found to be in violation of Untied States laws; and
 ``

    (3) such other funds as may be appropriated by Congress.
 ``
            (c) Administration.--The Secretary of State, in coordination with 
the Secretary of the Treasury, shall administer the Fund and establish 
eligibility criteria for recipients, ensuring accountability and 
transparency in the distribution of funds.''.

SEC. 506. IRAN KLEPTOCRACY INITIATIVE.

 Chapter 95 of part 1 of title 18, United States Code, is amended by 
inserting after 

section 1959 the following:

``

SEC. 1959A. IRAN KLEPTOCRACY INITIATIVE.

 ``

    (a) Establishment.--The Attorney General shall establish an `Iran 
Kleptocracy Initiative' to investigate, expose, and counteract 
corruption among Iranian government officials.
 ``

    (b) Responsibilities.--The Initiative shall--
 ``

    (1) identify assets held by Iranian government officials 
 and their proxies, including those concealed through family 
 members;
 ``

    (2) work with the Department of the Treasury and allied 
 governments to freeze, seize, and, where appropriate, repurpose 
 illicitly acquired assets;
 ``

    (3) publish findings regarding corrupt practices within 
 the Iranian regime;
 ``

    (4) coordinate with domestic and international law 
 enforcement agencies to facilitate prosecutions and asset 
 recoveries; and
 ``

    (5) submit an annual report to Congress on actions taken 
 under this section.''.
 <all>