§8741 Identification Of, and Imposition of Sanctions with Respect To, Officials, Agents, and Affiliates of Iran’s Revolutionary Guard Corps

Summary

The President must, within 90 days after August 10, 2012, and later when needed, find foreign people who act as officials, agents, or affiliates of Iran’s Revolutionary Guard Corps. If a found person is not already covered by sanctions under the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), the President must add them to that sanctions list and freeze and stop all transactions in any of their property or property interests that are in the United States, come into the United States, or are owned or controlled by a U.S. person. The President must first look at people named under 31 C.F.R. 560.304 and people tied to certain “sensitive” activities, like financial deals over $1,000,000 in any 12-month period with a non‑Iranian bank; transactions that help make nuclear, chemical, biological, or advanced conventional weapons (including ballistic missiles); deals tied to Iran’s energy or petrochemical industries (such as developing resources, exporting petroleum, importing refined fuel, or building refining capacity); or buying certain sensitive technologies (see 22 U.S.C. 8515(c)). The Secretary of State must deny visas and the Secretary of Homeland Security must bar entry to any foreign person designated after August 10, 2012, though the President may write rules to allow exceptions to meet international obligations like the U.N. Headquarters agreement (signed June 26, 1947; in force November 21, 1947). The President can waive these actions if it is vital to U.S. national security, but must send an unclassified report (with a possible classified annex) to the proper congressional committees explaining who is waived and why. Nothing here removes U.S. sanctions on the Revolutionary Guard that were already in place on August 10, 2012.