View all text of Subchapter I [§ 8511 - § 8519]
§ 8512. Economic sanctions relating to Iran
(a) In general
(b) SanctionsThe sanctions described in this subsection are the following:
(1) Prohibition on imports
(A) In general
(B) Exceptions
(2) Prohibition on exports
(A) In general
(B) Exceptions
(i) Personal communications; articles to relieve human suffering; information and informational materials; transactions incident to travel
(ii) Food; medicine; humanitarian assistanceThe prohibition in subparagraph (A) shall not apply to the exportation of—(I) agricultural commodities, food, medicine, or medical devices; or(II) articles exported to Iran to provide humanitarian assistance to the people of Iran.
(iii) Internet communicationsThe prohibition in subparagraph (A) shall not apply to the exportation of—(I) services incident to the exchange of personal communications over the Internet or software necessary to enable such services, as provided for in section 560.540 of title 31, Code of Federal Regulations (or any corresponding similar regulation or ruling);(II) hardware necessary to enable such services; or(III) hardware, software, or technology necessary for access to the Internet.
(iv) Goods, services, or technologies necessary to ensure the safe operation of commercial aircraft
(v) Goods, services, or technologies exported to support international organizationsThe prohibition in subparagraph (A) shall not apply to the exportation of goods, services, or technologies that—(I) are provided to the International Atomic Energy Agency and are necessary to support activities of that Agency in Iran; or(II) are necessary to support activities, including the activities of nongovernmental organizations, relating to promoting democracy in Iran.
(vi) Exports in the national interest
(3) Freezing assets
(A) In generalAt such time as the President determines that a person in Iran, including an Iranian diplomat or representative of another government or military or quasi-governmental institution of Iran (including Iran’s Revolutionary Guard Corps and its affiliates), satisfies the criteria for designation with respect to the imposition of sanctions under the authority of the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), the President shall take such action as may be necessary to freeze, as soon as possible—
(i) the funds and other assets belonging to that person; and
(ii) any funds or other assets that person transfers, on or after the date on which the President determines the person satisfies such criteria, to any family member or associate acting for or on behalf of the person.
(B) Reports to the Office of Foreign Assets Control
(C) Reports to Congress
(D) Termination
(E) United States financial institution defined
(c) Penalties
(d) Regulatory authority
(1) In general
(2) Applicability of certain regulationsNo exception to the prohibition under subsection (b)(1) may be made for the commercial importation of an Iranian origin good described in section 560.534(a) of title 31, Code of Federal Regulations (as in effect on the day before July 1, 2010), unless the President—
(A) prescribes a regulation providing for such an exception on or after July 1, 2010; and
(B) submits to the appropriate congressional committees—
(i) a certification in writing that the exception is in the national interest of the United States; and
(ii) a report describing the reasons for the exception.
(Pub. L. 111–195, title I, § 103, July 1, 2010, 124 Stat. 1328.)