Iran Sanctions - Foreign Press Centers
Iran Sanctions - Foreign Press Centers
Iran Sanctions - Foreign Press Centers
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<strong>Iran</strong> <strong>Sanctions</strong><br />
Sanctioning Certain Information Technology Sales to <strong>Iran</strong>:<br />
Section 106 prohibits U.S. executive agencies from contracting with firms that export sensitive technology to <strong>Iran</strong>.<br />
“Sensitive technology” is defined as hardware, software, telecommunications equipment, or other technology that<br />
restricts the free flow of information in <strong>Iran</strong> or which monitor or restrict “speech” of the people of <strong>Iran</strong>.<br />
The contracting restriction is to be imposed “pursuant to such regulations as the President may prescribe.”<br />
The contracting regulations issued September 29, 2010, “partially” implement this requirement, with further<br />
regulations to be issued.<br />
Treasury Department Authorization to prevent misuse of the U.S. financial system by <strong>Iran</strong><br />
or other countries:<br />
Section 109 authorized $102 million for FY2011 and “sums as may be necessary” for FY2012 and 2013 to the<br />
Treasury Department Office of Terrorism and Financial Intelligence. Another $100 million was authorized for FY2011<br />
for the Financial Crimes Enforcement Network, and $113 million for FY2011 for the Bureau of Industry and Security<br />
for the Department of Commerce<br />
Hezbollah:<br />
Section 113 contains a sense of Congress that the President impose the full range of sanctions under the International<br />
Emergency Economic Powers Act (50 U.S.C. 1701) on Hezbollah, and that the President renew international efforts<br />
to disarm Hezbollah in Lebanon (as called for by U.N. Security Council Resolutions 1559 and 1701).<br />
Divestment:<br />
Title II prevents criminal, civil, or administrative action against any investment firm or officer or adviser based on its<br />
decision to divest from securities that<br />
- have investments or operations in Sudan described in the Sudan Accountability and Divestment Act of 2007<br />
- or, engage in investments in <strong>Iran</strong> that would be considered sanctionable by the Senate bill.<br />
Prevention of Transshipment, Reexportation, or Diversion of Sensitive Items to <strong>Iran</strong>:<br />
Requires a report by the Director of National Intelligence that identifies all countries considered a concern to allow<br />
transshipment or diversion of WMD-related technology to <strong>Iran</strong> (technically: “items subject to the provision of the<br />
Export Administration Regulations”).<br />
Section 303 requires the Secretary of Commerce to designate a country as a “Destination of Possible Diversion<br />
Concern” if such country is considered to have inadequate export controls or is unwilling to prevent the diversion of<br />
U.S. technology to <strong>Iran</strong>.<br />
Designation would set up a strict licensing requirement for U.S. exports of sensitive technologies to that country.<br />
List of countries that are believed to be allowing diversion of specified goods or technology to <strong>Iran</strong> to be named in a<br />
report provided within 180 days of enactment.<br />
Implementation: Not clear that the required report has been submitted.<br />
Congressional Research Service 64