123STA T . 33 70PUBLIC LA W 111 – 117 —DE C.1 6, 200 9Law104- 1 72) a s a me a n s of en c o ur a gi ng foreign go v ernmen t sto re q uire state-owne d and p rivate entities to cease a l l investment in , and support of, I ran ’ s energ y sector and all e x ports of refined petroleum products to Iran .(b )L IM I TA TI ON . — (1) N oneoft h e funds made available in title V I of this A ct under the heading ‘ ‘ P rogram Account’’ or ‘‘ S ubsidy Appro- priation’’ may be used by the E xport-Import B an k of the U nited States to authori z e any new guarantee, insurance, or extension of credit for any pro j ect controlled by an energy producer or refiner that continues to
(A) provide Iran with significant refined petroleum resources
(B) materially contribute to Iran’s capability to import refined petroleum resources; or ( C ) allow Iran to maintain or expand, in any material respect, its domestic production of refined petroleum resources, including any assistance in refinery construction, modernization, or repair. (2) If the Secretary of State determines and reports to the Committees on Appropriations that a country is closely cooperating with efforts of the United States related to Iran, such as through the imposition of sanctions, the Secretary may exempt private entities from such country from the limita- tion under paragraph (1). ( 3 ) T he President may waive the limitation under para- graph (1) if the President determines and reports to the Committees on Appropriations that to do so is important to the national security interest of the United States. (c) REP O R T S .— (1) The Secretary of State shall submit to the Committees on Appropriations, not later than 9 0 days after the date of enactment of this Act and the end of each 90-day period there- after until September 30, 2010, a report on the status of the bilateral and multilateral efforts aimed at curtailing the pursuit by Iran of nuclear weapons technology. (2) The Secretary of State, in consultation with the Sec- retary of the Treasury, shall submit to the Committees on Appropriations, not later than 1 8 0 days after the date of enact- ment of this Act, a report on the status of bilateral United States and multilateral sanctions against Iran and actions taken by the United States and the international community to enforce sanctions against Iran: Provide d, That such report may be submitted in classified form if necessary and shall include the following: (A) a list of all current United States bilateral and multilateral sanctions against Iran; (B) a list of all United States and foreign entities that the Secretary of State has reason to believe may be in violation of existing United States bilateral and multi- lateral sanctions; (C) a detailed description of United States efforts to enforce sanctions, including a list of all investigations initi- ated in the 12 months preceding the date of enactment of this Act that have resulted in a determination that a sanctions violation has occurred, and actions taken by Deadlin e .R e ports . P resident. W ai v era u t h orit y . Deter m ination. Reports. Determination. Reports. Ex emption.
