This Act may be cited as the “Iranian Revolutionary Guard Corps Economic Exclusion Act”.

(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 Iranian Revolutionary Guard Corps Economic Exclusion 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, conducted one or more sensitive transactions or activities described in subsection (c) for or on behalf of a foreign person described in paragraph (1).”.

(b) Authorization; priority for investigation; reports.—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) Authorization; priority for investigation; reports.—

“(1) AUTHORIZATION.—In identifying foreign persons pursuant to subsection (a)(1) as officials, agents, or affiliates of Iran’s Revolutionary Guard Corps, the President is authorized to identify foreign persons in which Iran’s Revolutionary Guard Corps has an ownership interest in such foreign person of less than 50 percent.

“(2) 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); and

“(B) foreign persons for which there is a reasonable basis to find that the person has conducted or attempted to conduct one or more sensitive transactions or activities described in subsection (c).

“(3) 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 (MTCI).

“(III) The Calcimin Public Company.

“(IV) The Iran Tractor Manufacturing Company of Iran.

“(V) The Iran Tractor Motors Manufacturing Company.

“(VI) The Iran Zinc Mines Development Company.

“(VII) The National Iranian Lead and Zinc Company.

“(VIII) Iran Mineral Products Company.

“(IX) Tosee Energy Paivaran Company.

“(B) REPORT.—

“(i) IN GENERAL.—Not later than 90 days after the date of the enactment of this subsection, 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.

“(4) ADDITIONAL REPORT.—

“(A) IN GENERAL.—Not later than 180 days after the date of the enactment of this subsection, the President shall submit to the appropriate congressional committees a report that includes a detailed list of foreign persons for which there is a reasonable basis to determine that Iran’s Revolutionary Guard Corps has an ownership interest in such foreign person of not less than 33 percent.

“(B) FORM.—The report required under subparagraph (A) 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—

“(A) the Government of Syria or any agency or instrumentality thereof; or

“(B) any entity owned or controlled by the Government of Syria, including for purposes of post-conflict reconstruction;”.

(d) Waiver of imposition of sanctions.—Section 301(e) of the Iran Threat Reduction and Syria Human Rights Act of 2012 (22 U.S.C. 8741(e)) is amended—

(1) in paragraph (1)—

(A) by striking “(A) determines” and inserting “(A)(i) determines”;

(B) by striking “(B) submits” and inserting “(ii) submits”;

(C) by striking “(i) identifies” and inserting “(I) identifies”;

(D) by striking “(ii) sets” and inserting “(II) sets”;

(E) by striking the period at the end and inserting “; and”; and

(F) by adding at the end the following:

“(B) with respect to a foreign person identified by reason of having conducted or attempted to conduct one or more sensitive transactions or activities described in subsection (c)(5), also certifies to the appropriate congressional committees that Iran’s Revolutionary Guard Corps is significantly decreasing provision of direct or indirect material support to the Government of Syria or Hezbollah’s operations in Syria.”; and

(2) in paragraph (2), by striking “paragraph (1)(B)” and inserting “paragraph (1)(A)(ii)”.

(e) 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:

“(f) 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.

“(g) 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 which is not a United States person.

“(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) 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.”.

(f) 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:

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.”.

(g) Effective date.—The amendments made by this section take effect on the date of the enactment of this Act and apply with respect to conduct described in paragraph (3) of section 301(a) of the Iran Threat Reduction and Syria Human Rights Act of 2012, as added by this section, engaged in on or after such date of enactment.

(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 “, or provide significant financial services to,” after “transactions with”; and

(B) by striking “or” at the end; and

(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) an Iranian 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));

“(iii) an Iranian 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);

“(iv) an Iranian person whose property and access to property has been blocked pursuant to—

“(I) Executive Order 13608 (May 1, 2012), relating to Prohibiting Certain Transactions with and Suspending Entry Into the United States of Foreign Sanctions Evaders with Respect to Iran and Syria;

“(II) Executive Order 13606 (April 23, 2012), relating to Blocking the Property and Suspending Entry Into the United States of Certain Persons With Respect to Grave Human Rights Abuses by the Governments of Iran and Syria via Information Technology;

“(III) Executive Order 13582 (August 18, 2011), relating to Blocking Property of the Government of Syria and Prohibiting Certain Transactions with Respect to Syria;

“(IV) Executive Order 13573 (May 18, 2011), relating to Blocking Property of Senior Officials of the Government of Syria;

“(V) Executive Order 13572 (April 29, 2011), relating to Blocking Property of Certain Persons with Respect to Human Rights Abuses in Syria;

“(VI) Executive Order 13460 (February 15, 2008), relating to Blocking Property of Additional Persons in Connection with the National Emergency with Respect to Syria;

“(VII) Executive Order 13399 (April 26, 2006), relating to Blocking Property of Additional Persons in Connection with the National Emergency with Respect to Syria;

“(VIII) Executive Order 13338 (May 12, 2004), relating to Blocking Property of Certain Persons and Prohibiting the Export of Certain Goods to Syria; or

“(IX) any other Executive order adopted on or after the date of the enactment of the Iranian Revolutionary Guard Corps Economic Exclusion Act, to the extent that such Executive order imposes sanctions with respect to Syria; or

“(v) a person acting on behalf of or at the direction of, or owned or controlled by, a person described in clauses (i) through (iv).”.

(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.”.

(c) Waiver of imposition of sanctions.—Section 302(d) of the Iran Threat Reduction and Syria Human Rights Act of 2012 (22 U.S.C. 8742(d)) is amended—

(1) in paragraph (1)—

(A) by striking “(A)(i) determines” and inserting “(A)(i)(I) determines”;

(B) by striking “(ii) determines” and inserting “(II) determines”;

(C) by striking “(B) submits” and inserting “(ii) submits”;

(D) by striking “(i) identifies” and inserting “(I) identifies”;

(E) by striking “(ii) describes” and inserting “(II) describes”;

(F) by striking “(iii) sets forth” and inserting “(III) sets forth”;

(G) by striking the period at the end and inserting “and”; and

(H) by adding at the end the following:

“(B) with respect to a foreign person identified by reason of having engaged in a significant transaction or transactions described in subsection (a)(1)(C)(iv), also certifies to the appropriate congressional committees that Iran’s Revolutionary Guard Corps is significantly decreasing provision of direct or indirect material support to the Government of Syria or Hezbollah’s operations in Syria.”; and

(2) in paragraph (2), by striking “paragraph (1)(B)” and inserting “paragraph (1)(A)(ii)”.

(d) Waiver of identifications and designations.—Section 302(e) of the Iran Threat Reduction and Syria Human Rights Act of 2012 (22 U.S.C. 8742(e)) is amended—

(1) by striking “and subject to paragraph (2)”;

(2) by striking “(1) determines” and inserting “(1)(A) determines”;

(3) by striking “(2) notifies” and inserting “(B) notifies”;

(4) by striking the period at the end and inserting “; and”; and

(5) by adding at the end the following:

“(2) with respect to a foreign person identified by reason of having engaged in a significant transaction or transactions described in subsection (a)(1)(C)(iv), also certifies to the appropriate congressional committees that Iran’s Revolutionary Guard Corps is significantly decreasing provision of direct or indirect material support to the Government of Syria or Hezbollah’s operations in Syria.”.

(e) Effective date.—The amendments made by this section take effect on the date of the enactment of this Act and apply with respect to conduct described in subparagraphs (B), (C), and (D) of section 302(a)(1) of the Iran Threat Reduction and Syria Human Rights Act of 2012, as added by this section, engaged in on or after such date of enactment.

(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:

(c) Clerical amendment.—The table of contents for the Iran Threat Reduction and Syria Human Rights Act of 2012 is amended by inserting after the item relating to section 312 the following:

“Sec. 313. Report on certain Iranian persons.
“Sec. 314. Report on the foreign supply chain and domestic supply chain inside and outside of Iran that aids Iran’s Revolutionary Guard Corps.”.

(a) 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), as amended by section 2 of this Act, is further amended by adding at the end the following:

(b) Clerical amendment.—The table of contents for the Iran Threat Reduction and Syria Human Rights Act of 2012, as amended by section 2 of this Act, is further amended by inserting after the item relating to section 314 the following:

“Sec. 315. Application of sanctions regarding Mahan Air.”.

(a) In general.—It shall be the policy of the United States to work to prevent Iran’s membership in the World Trade Organization and similar international bodies until the date on which the determination of the Secretary of State that the Government of Iran has repeatedly provided support for acts of international terrorism under the provisions of law described in subsection (b) is rescinded.

(b) Provisions of law described.—The provisions of law described in this subsection are—

(1) section 6(j) of the Export Administration Act of 1979 (as continued in effect pursuant to the International Emergency Economic Powers Act);

(2) section 40 of the Arms Export Control Act;

(3) section 620A of the Foreign Assistance Act of 1961; or

(4) any other provision of law.