S.1001 - Iran Export Embargo Act

A bill to impose sanctions with respect to the Government of Iran. view all titles (2)

All Bill Titles

  • Short: Iran Export Embargo Act as introduced.
  • Official: A bill to impose sanctions with respect to the Government of Iran. as introduced.

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  • Today: 2
  • Past Seven Days: 4
  • All-Time: 484
 
Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
05/21/13
 
 
 
 
 
 
 

Sponsor

Senator

John Cornyn

R-TX

View Co-Sponsors (20)

Official Summary

Iran Export Embargo Act - Amends the Iran Freedom and Counter-Proliferation Act of 2012 to direct the President to prohibit all transactions in property and property interests of a person (as defined in this Act) if such property and property interests are in the United States or within the

Official Summary

Iran Export Embargo Act - Amends the Iran Freedom and Counter-Proliferation Act of 2012 to direct the President to prohibit all transactions in property and property interests of a person (as defined in this Act) if such property and property interests are in the United States or within the possession or control of a U.S. individual. Directs the President to 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 has knowingly conducted or facilitated a significant transaction with respect to the importation, sale, or transfer of goods or services from Iran on behalf of a described person. Directs the President to impose sanctions pursuant to the International Emergency Economic Powers Act with respect to an individual that knowingly:
(1) imports, purchases, or transfers goods or services from a described person; and
(2) provides underwriting services or insurance or reinsurance to a described person. Describes a \"person\" as:
(1) the state and the government of Iran, or any political subdivision, agency, or instrumentality of such government, including the Central Bank of Iran;
(2) any person owned or controlled by, or acting for or on behalf of, such government; or
(3) any other person determined by the President to be described in clauses
(1) or
(2).

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