22 U.S.C. § 8724 | Continuation in effect of sanctions with respect to the Government of Iran, the Central Bank of Iran, and sanctions evaders

(a)

Sanctions relating to blocking of property of the Government of Iran and Iranian financial institutions

August 10, 2012United States sanctions with respect to Iran provided for in Executive Order No. 13599 (77 Fed. Reg. 6659), as in effect on the day before , shall remain in effect until the date that is 90 days after the date on which the President submits to the appropriate congressional committees the certification described in subsection (d).

(b)

Sanctions relating to foreign sanctions evaders

August 10, 201222 U.S.C. 8551(a)United States sanctions with respect to Iran provided for in Executive Order No. 13608 (77 Fed. Reg. 26409), as in effect on the day before , shall remain in effect until the date that is 30 days after the date on which the President submits to the appropriate congressional committees the certification described in section 401(a) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 ().

(c)

Continuation of sanctions with respect to the Central Bank of Iran

50 U.S.C. 1701In addition to the sanctions referred to in subsection (a), the President shall continue to apply to the Central Bank of Iran sanctions pursuant to the International Emergency Economic Powers Act ( et seq.), including blocking of property and restrictions or prohibitions on financial transactions and the exportation of property, until the date that is 90 days after the date on which the President submits to Congress the certification described in subsection (d).

(d)

Certification described

(1)

In general

The certification described in this subsection is the certification of the President to Congress that the Central Bank of Iran is not—

(A)

providing financial services in support of, or otherwise facilitating, the ability of Iran to—

(i)

acquire or develop chemical, biological, or nuclear weapons, or related technologies;

(ii)

construct, equip, operate, or maintain nuclear facilities that could aid Iran’s effort to acquire a nuclear capability; or

(iii)

acquire or develop ballistic missiles, cruise missiles, or destabilizing types and amounts of conventional weapons; or

(B)

facilitating transactions or providing financial services for—

(i)

Iran’s Revolutionary Guard Corps; or

(ii)

50 U.S.C. 1701 financial institutions the property or interests in property of which are blocked pursuant to the International Emergency Economic Powers Act ( et seq.) in connection with—

(I)

Iran’s proliferation of weapons of mass destruction or delivery systems for weapons of mass destruction; or

(II)

Iran’s support for international terrorism.

(2)

Submission to Congress

(A)

In general

The President shall submit the certification described in paragraph (1) to the appropriate congressional committees in writing and shall include a justification for the certification.

(B)

Form of certification

The certification described in paragraph (1) shall be submitted in unclassified form but may contain a classified annex.

(e)

Rule of construction

50 U.S.C. 1701 22 U.S.C. 8501Nothing in this section shall be construed to limit the authority of the President pursuant to the International Emergency Economic Powers Act ( et seq.) or the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 ( et seq.).

Pub. L. 112–158, title II, § 217Aug. 10, 2012126 Stat. 1233 (, , .)

Editorial Notes

References in Text

Feb. 5, 2012section 1701 of Title 50Executive Order No. 13599, referred to in subsec. (a), is Ex. Ord. No. 13599, , 77 F.R. 6659, which is listed in a table under , War and National Defense.

May 1, 2012section 1701 of Title 50Executive Order No. 13608, referred to in subsec. (b), is Ex. Ord. No. 13608, , 77 F.R. 26409, which is listed in tables under , War and National Defense.

Pub. L. 95–223Dec. 28, 197791 Stat. 1626 section 1701 of Title 50The International Emergency Economic Powers Act, referred to in subsecs. (c), (d)(1)(B)(ii), and (e), is title II of , , , which is classified generally to chapter 35 (§ 1701 et seq.) of Title 50, War and National Defense. For complete classification of this Act to the Code, see Short Title note set out under and Tables.

Pub. L. 111–195July 1, 2010124 Stat. 1312 section 8501 of this titleThe Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010, referred to in subsec. (e), is , , , which is classified principally to chapter 92 (§ 8501 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under and Tables.