22 U.S.C. § 8743: Identification of, and imposition of measures with respect to, foreign government agencies carrying out activities or transactions with certain Iran-affiliated persons

Not later than 120 days after August 10, 2012 , and every 180 days thereafter, the President shall submit to the appropriate congressional committees a report that identifies each agency of the government of a foreign country (other than Iran) that the President determines knowingly and materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, or knowingly and materially engaged in a significant transaction with, any person described in paragraph (2). a foreign person that is an official, agent, or affiliate of Iran’s Revolutionary Guard Corps that is designated for the imposition of sanctions pursuant to the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.); the Annex of United Nations Security Council Resolution 1737 (2006); Annex I of United Nations Security Council Resolution 1747 (2007); Annex I, II, or III of United Nations Security Council Resolution 1803 (2008); Annex I, II, or III of United Nations Security Council Resolution 1929 (2010); or any subsequent and related United Nations Security Council resolution, or any annex thereto, that imposes new sanctions with respect to Iran or modifies existing sanctions with respect to Iran; or a foreign person that the agency knows is acting on behalf of or at the direction of, or owned or controlled by, a person described in subparagraph (A) or (B). Each report submitted under paragraph (1) shall be submitted in unclassified form but may contain a classified annex. No assistance may be provided to the agency under the Foreign Assistance Act of 1961 ( 22 U.S.C. 2151 et seq.) or the Arms Export Control Act ( 22 U.S.C. 2751 et seq.) other than humanitarian assistance or the provision of food or other agricultural commodities. No sales of any defense articles, defense services, or design and construction services under the Arms Export Control Act ( 22 U.S.C. 2751 et seq.) may be made to the agency. No licenses for export of any item on the United States Munitions List that include the agency as a party to the license may be granted. No exports may be permitted to the agency of any goods or technologies controlled for national security reasons under the Export Administration Regulations, except that such prohibition shall not apply to any transaction subject to the reporting requirements of title V of the National Security Act of 1947 ([ 50 U.S.C. 3091 et seq.]; relating to congressional oversight of intelligence activities). The United States shall oppose any loan or financial or technical assistance to the agency by international financial institutions in accordance with section 262d of this title . to any transaction subject to the reporting requirements of title V of the National Security Act of 1947 ([ 50 U.S.C. 3091 et seq.]; relating to congressional oversight of intelligence activities); to the provision of medicines, medical equipment, and humanitarian assistance; or to any credit, credit guarantee, or financial assistance provided by the Department of Agriculture to support the purchase of food or other agricultural commodities. Additional restrictions as may be imposed pursuant to the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq.). Nothing in this subsection shall be construed to impose measures with respect to programs under section 1501 of the National Defense Authorization Act for Fiscal Year 1997 ( 50 U.S.C. 2632 1 note) and programs under the Atomic Energy Defense Act ( 1 So in original. Probably should be “2362”. 50 U.S.C. 2501 et seq.). 2 2 See References in Text note below. a person described in subparagraph (A) or (B) of subsection (a)(2) with respect to which the agency is carrying out activities or transactions is no longer designated pursuant to subparagraph (A) or (B) of subsection (a)(2); or any person described in subparagraph (C) of subsection (a)(2) with respect to which the agency is carrying out activities or transactions is no longer acting on behalf of or at the direction of, or owned or controlled by, any person described in subparagraph (A) or (B) of subsection (a)(2); the agency is no longer carrying out activities or transactions for which the measures were imposed and has provided assurances to the United States Government that the agency will not carry out the activities or transactions in the future; or it is essential to the national security interest of the United States to terminate such measures. If the President does not impose one or more measures described in subsection (b) with respect to an agency identified in the report required by subsection (a), the President shall include in the subsequent report an explanation as to why the President did not impose such measures. the Committee on Foreign Relations, the Committee on Appropriations, the Committee on Armed Services, the Committee on Banking, Housing, and Urban Affairs, the Committee on Finance, and the Select Committee on Intelligence of the Senate; and the Committee on Foreign Affairs, the Committee on Appropriations, the Committee on Armed Services, the Committee on Financial Services, the Committee on Ways and Means, and the Permanent Select Committee on Intelligence of the House of Representatives. the date that is 45 days after August 10, 2012 ; or the date that is 45 days after a person is designated as described in subparagraph (A) or (B) of subsection (a)(2).