S.Amdt. 76

SA 76. Mr. CORNYN (for himself, Mr. Rubio, Mr. Tillis, Ms. Collins,
and Mrs. Fischer) submitted an amendment intended to be proposed by him
to the bill S. 1, to make improvements to certain defense and security
assistance provisions and to authorize the appropriation of funds to
Israel, to reauthorize the United States-Jordan Defense Cooperation Act
of 2015, and to halt the wholesale slaughter of the Syrian people, and
for other purposes; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. __. ADDITIONAL SANCTIONS WITH RESPECT TO FOREIGN PERSONS
THAT ARE OFFICIALS, AGENTS, OR AFFILIATES OF,
OR OWNED OR CONTROLLED BY, IRAN'S REVOLUTIONARY
GUARD CORPS.

(a) Short Title.--This section may be cited as the
``Iranian Revolutionary Guard Corps Economic Exclusion Act''.
(b) Additional Sanctions.--Section 301(a) of the Iran
Threat Reduction and Syria Human Rights Act of 2012 (22
U.S.C. 8741(a)) is amended--
(1) in the matter preceding paragraph (1), by striking
``Not later than 90 days after the date of the enactment of
this Act, and as appropriate thereafter,'' and inserting
``Not later than 180 days after the date of the enactment of
the Iranian Revolutionary Guard Corps Economic Exclusion Act,
and every 180 days thereafter,'';
(2) in paragraph (1)--
(A) by inserting ``, or owned or controlled by,'' after
``affiliates of''; and
(B) by striking ``and'' at the end;
(3) in paragraph (2)(B), by striking the period at the end
and inserting ``; and''; and
(4) by adding at the end the following:
``(3) identify foreign persons with respect to which there
is a reasonable basis to determine that the foreign persons
have, directly or indirectly, conducted one or more sensitive
transactions or activities described in subsection (c) for or
on behalf of a foreign person described in paragraph (1).''.
(c) Authorization; Priority for Investigation; Reports.--
Section 301(b) of the Iran Threat Reduction and Syria Human
Rights Act of 2012 (22 U.S.C. 8741(b)) is amended to read as
follows:
``(b) Authorization; Priority for Investigation; Reports.--
``(1) Authorization.--In identifying foreign persons
pursuant to subsection (a)(1) as owned or controlled by
Iran's Revolutionary Guard Corps, the President is authorized
to identify foreign persons in which Iran's Revolutionary
Guard Corps has an ownership interest of less than 50
percent.
``(2) Priority for investigation.--In identifying foreign
persons pursuant to subsection (a)(1) as officials, agents,
or affiliates

[[Page S753]]

of, or owned or controlled by, Iran's Revolutionary Guard
Corps, the President shall investigate--
``(A) foreign persons identified under section 560.304 of
title 31, Code of Federal Regulations (relating to the
definition of the Government of Iran); and
``(B) foreign persons for which there is a reasonable basis
to find that the person has conducted or attempted to conduct
one or more sensitive transactions or activities described in
subsection (c).
``(3) Report.--
``(A) Determination.--
``(i) In general.--The President shall determine whether
each foreign person described in clause (ii) is owned or
controlled by Iran's Revolutionary Guard Corps.
``(ii) Foreign persons described.--The foreign persons
described in this clause are the following:

``(I) The Telecommunication Company of Iran.
``(II) The Mobile Telecommunication Company of Iran (MTCI).
``(III) The Calcimin Public Company.
``(IV) The Iran Tractor Manufacturing Company.
``(V) The Iran Tractor Motors Manufacturing Company.
``(VI) The Iran Zinc Mines Development Company.
``(VII) The National Iranian Lead and Zinc Company.
``(VIII) The Iran Mineral Products Company.
``(IX) Tosee Energy Paivaran Company.

``(B) Report.--
``(i) In general.--Not later than 90 days after the date of
the enactment of the Iranian Revolutionary Guard Corps
Economic Exclusion Act, the President shall submit to the
appropriate congressional committees a report on the
determinations made under subparagraph (A) together with the
reasons for those determinations.
``(ii) Form.--A report submitted under clause (i) shall be
submitted in unclassified form but may contain a classified
annex.
``(4) Additional report.--
``(A) In general.--Not later than 180 days after the date
of the enactment of the Iranian Revolutionary Guard Corps
Economic Exclusion Act, the President shall submit to the
appropriate congressional committees a report that includes a
detailed list of foreign persons in which there is a
reasonable basis to determine that Iran's Revolutionary Guard
Corps has an ownership interest of not less than 33 percent.
``(B) Form.--The report required under subparagraph (A)
shall be submitted in unclassified form but may contain a
classified annex.''.
(d) Sensitive Transactions and Activities Described.--
Section 301(c) of the Iran Threat Reduction and Syria Human
Rights Act of 2012 (22 U.S.C. 8741(c)) is amended--
(1) in paragraph (1)--
(A) by striking ``$1,000,000'' and inserting ``$500,000'';
and
(B) by inserting ``Iranian financial institution or'' after
``involving a'';
(2) by redesignating paragraphs (3), (4), and (5) as
paragraphs (6), (7), and (8), respectively; and
(3) by inserting after paragraph (2) the following new
paragraphs:
``(3) a transaction to provide material support for an
organization designated as a foreign terrorist organization
under section 219(a) of the Immigration and Nationality Act
(8 U.S.C. 1189(a)) or support for an act of international
terrorism (as defined in section 14 of the Iran Sanctions Act
of 1996 (Public Law 104-172; 50 U.S.C. 1701 note));
``(4) a transaction to provide material support to a
foreign person whose property and interests in property have
been blocked pursuant to Executive Order 13224 (50 U.S.C.
1701 note; relating to blocking property and prohibiting
transactions with persons who commit, threaten to commit, or
support terrorism);
``(5) a transaction to provide material support for--
``(A) the Government of Syria or any agency or
instrumentality thereof; or
``(B) any entity owned or controlled by the Government of
Syria, including for purposes of post-conflict
reconstruction;''.
(e) Waiver of Imposition of Sanctions.--Section 301(e) of
the Iran Threat Reduction and Syria Human Rights Act of 2012
(22 U.S.C. 8741(e)) is amended--
(1) in paragraph (1)--
(A) by striking ``(A) determines'' and inserting ``(A)(i)
determines'';
(B) by striking ``(B) submits'' and inserting ``(ii)
submits'';
(C) by striking ``(i) identifies'' and inserting ``(I)
identifies'';
(D) by striking ``(ii) sets'' and inserting ``(II) sets'';
(E) by striking the period at the end and inserting ``;
and''; and
(F) by adding at the end the following:
``(B) with respect to a foreign person identified under
subsection (a)(3) by reason of having conducted or attempted
to conduct one or more sensitive transactions or activities
described in subsection (c)(5), also certifies to the
appropriate congressional committees that Iran's
Revolutionary Guard Corps is significantly decreasing
provision of direct or indirect material support to the
Government of Syria or Hezbollah's operations in Syria.'';
and
(2) in paragraph (2), by striking ``paragraph (1)(B)'' and
inserting ``paragraph (1)(A)(ii)''.
(f) Regulations, Implementation, Penalties, and
Definitions.--Section 301 of the Iran Threat Reduction and
Syria Human Rights Act of 2012 (22 U.S.C. 8741) is amended--
(1) by redesignating subsection (f) as subsection (h); and
(2) by inserting after subsection (e) the following new
subsection:
``(f) Definitions.--In this section:
``(1) Foreign person.--The term `foreign person' means--
``(A) an individual who is not a United States person;
``(B) a corporation, partnership, or other nongovernmental
entity that is not a United States person; or
``(C) any representative, agent, or instrumentality of, or
an individual working on behalf of, a foreign government.
``(2) Iran's revolutionary guard corps.--The term `Iran's
Revolutionary Guard Corps' includes any senior foreign
political figure (as defined in section 1010.605 of title 31,
Code of Federal Regulations) of Iran's Revolutionary Guard
Corps.''.
(g) Conforming and Clerical Amendments.--The Iran Threat
Reduction and Syria Human Rights Act of 2012 (22 U.S.C. 8701
et seq.) is amended--
(1) by striking the heading of section 301 and inserting
the following:

``SEC. 301. IDENTIFICATION OF, AND IMPOSITION OF SANCTIONS
WITH RESPECT TO, FOREIGN PERSONS THAT ARE
OFFICIALS, AGENTS, OR AFFILIATES OF, OR OWNED
OR CONTROLLED BY, IRAN'S REVOLUTIONARY GUARD
CORPS.'';

and
(2) in the table of contents, by striking the item relating
to section 301 and inserting the following:

``Sec. 301. Identification of, and imposition of sanctions with respect
to, foreign persons that are officials, agents, or
affiliates of, or owned or controlled by, Iran's
Revolutionary Guard Corps.''.

(h) Exception Relating to Importation of Goods.--
(1) In general.--The amendments made by this section shall
not include the authority to impose sanctions on the
importation of goods.
(2) Good defined.--In this subsection, the term ``good''
means any article, natural or man-made substance, material,
supply or manufactured product, including inspection and test
equipment, and excluding technical data.
(i) Effective Date.--The amendments made by this section
take effect on the date of the enactment of this Act and
apply with respect to conduct described in section 301(a) of
the Iran Threat Reduction and Syria Human Rights Act of 2012,
as amended by this section, engaged in on or after such date
of enactment.

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