S.Amdt. 2529

1. Adds Subtitle D--Iran Sanctions SEC. 1241. IMPOSITION OF SANCTIONS WITH RESPECT TO THE SALE, SUPPLY, AND TRANSFER OF NATURAL GAS PRODUCED IN IRAN at the end of title XII

   Adds a section

   In S. 1197 · Placed on Calendar Senate

   (2) the Committee on Armed Services and the Committee on Foreign Affairs of the House of Representatives.

   Inserted: Subtitle D--Iran Sanctions SEC. 1241. IMPOSITION OF SANCTIONS WITH RESPECT TO THE SALE, SUPPLY, AND TRANSFER OF NATURAL GAS PRODUCED IN IRAN.

   Inserted: Section 5(a) of the Iran Sanctions Act of 1996 (Public Law 104-172; 50 U.S.C. 1701 note) is amended--

   Inserted: (1) by redesignating paragraph (9) as paragraph (10); and

   Inserted: (2) by inserting after paragraph (8) the following:

   Inserted: "(9) Sale, supply, and transfer of natural gas produced in iran.--

   Inserted: "(A) In general.--Except as provided in subparagraph (C) and subsection (f), the President shall impose 5 or more of the sanctions described in section 6(a) with respect to a person if the President determines that the person knowingly, on or after the date that is 180 days after the date of the enactment of the National Defense Authorization Act for Fiscal Year 2014, conducts or facilitates a significant financial transaction for the sale, supply, or transfer of natural gas produced in Iran to a country that--

   Inserted: "(i) begins importing natural gas produced in Iran after such date of enactment; or

   Inserted: "(ii) during any month that begins on or after the date that is 60 days after such date of enactment, imports natural gas produced in Iran in a volume that exceeds the volume of such natural gas identified under clause (iii)(II) of subparagraph (B) in the most recent report submitted under that subparagraph as the highest volume of natural gas produced in Iran imported by that country in any month during the 2-year period preceding the submission of the report.

   Inserted: "(B) Report required.--Not later than 60 days after the date of the enactment of the National Defense Authorization Act for Fiscal Year 2014, and annually thereafter, the Administrator of the Energy Information Administration, in consultation with the Secretary of the Treasury, the Secretary of State, and the Director of National Intelligence, shall submit to Congress a report that includes--

   Inserted: "(i) an assessment of exports of natural gas from Iran during the year preceding the submission of the report;

   Inserted: "(ii) an identification of the countries that imported natural gas produced in Iran during that year;

   Inserted: "(iii) for each such country--

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   Inserted: "(I) an assessment of the volume of natural gas produced in Iran imported by that country during each month during the 2-year period preceding the submission of the report;

   Inserted: "(II) an identification of the highest volume of natural gas produced in Iran imported by that country during any such month; and

   Inserted: "(III) an assessment of alternative supplies of natural gas available to that country;

   Inserted: "(iv) an assessment of the impact a reduction in exports of natural gas from Iran would have on global natural gas supplies and the price of natural gas, especially in countries identified under clause (ii); and

   Inserted: "(v) such other information as the Administrator considers appropriate.

   Inserted: "(C) Exception.--Nothing in this paragraph shall apply with respect to any activity relating to a project described in subsection (a) of section 603 of the Iran Threat Reduction and Syria Human Rights Act of 2012 (22 U.S.C. 8783) to which the exception under that section applies at the time of the activity.".

   Original wording

   At the end of title XII, add the following:

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As printed