Allows the President to freeze the U.S. assets of and bar visas for foreign persons who knowingly conduct significant transactions involving Iranian oil, condensates, or petroleum and petrochemical products.

• Lets the President block property and revoke or deny visas for foreign persons who knowingly handle significant transactions in Iranian oil, condensates, or petroleum and petrochemical products.
• Extends sanctions to subsidiaries, corporate officers, and immediate family members who demonstrably benefit from such activity.
• Exempts transactions for agricultural commodities, food, medicine, medical devices, and humanitarian assistance for the people of Iran, along with supplies for vessel crew safety.
• Allows waivers of up to 180 days at a time with certification to Congress, and requires the President to issue implementing regulations within 60 days of enactment.
• Expands the State Department's Rewards for Justice program to cover identifying persons who evade these sanctions.

• Judiciary Committee (House)
• Foreign Affairs Committee (House)
• Foreign Relations Committee (Senate)

International Affairs