Section 1 Modification of requirement to impose sanctions with respect to the provision of specialized financial messaging services to the Central Bank of Iran and other sanctioned Iranian financial institutions
In general— Section 220(c) of the Iran Threat Reduction and Syria Human Rights Act of 2012 (22 U.S.C. 8726(c)) is amended—
by redesignating paragraph (2) as paragraph (3);
in paragraph (1)—
by striking “paragraph (2)” and inserting “paragraph (3)”; and
by striking “the President may impose” and all that follows and inserting “the President shall impose sanctions pursuant to that section, the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), or paragraph (2) of this subsection with respect to the person.”; and
by inserting after paragraph (1) the following:
“(2) Exclusion from the United States and revocation of visa or other documentation
“(A) In general—The sanctions described in this paragraph are, in the case of an alien determined by the President to be a senior executive or member of the board of directors of a person described in paragraph (1), denial of a visa to, and exclusion from the United States of, the alien, and revocation in accordance with section 221(i) of the Immigration and Nationality Act (8 U.S.C. 1201(i)), of any visa or other documentation of the alien.
“(B) Definition—In this paragraph, the term alien has the meaning given such term in section 101 of the Immigration and Nationality Act (8 U.S.C. 1101).”
Effective date— The amendments made by subsection (a) take effect on the date of the enactment of this Act and apply with respect to any person that engages in any of the activities described in paragraph (1) of section 220(c) of the Iran Threat Reduction and Syria Human Rights Act of 2012 on or after such date of enactment.