Sponsors (296)
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The bill intensifies pressure on Iran’s oil- and petrochemical-driven financing—strengthening U.S. national security and enforcement—while trading off higher economic costs for American consumers and businesses, increased compliance and legal risks, and potential diplomatic and humanitarian side‑imp
General U.S. population and U.S. forces: The bill cuts Iran's petroleum/petrochemical revenue and targets actors who evade sanctions, reducing funds available for nuclear/WMD programs, missile/drone proliferation, and terrorist proxies while strengthening enforcement (including rewards) to deter illicit finance.
Businesses and compliance officers: The bill creates clearer rules by adopting established statutory/regulatory definitions, naming oversight committees, setting implementation timelines, and defining coverage, which improves predictability for compliance and enforcement.
Civilians and maritime workers: Humanitarian, medical, safety-of-life and environmental exceptions are preserved so food, medicine, medical devices, safe-crew supplies and environmental protections can continue despite sanctions.
Low- and middle-income American households and consumers: Stronger sanctions could raise global oil and fuel prices, increasing costs for gasoline, heating, and goods.
U.S. businesses, banks, exporters and shipping companies: Broad secondary sanctions, expansive reach to subsidiaries/agents, and stricter property/knowledge standards raise compliance costs, legal uncertainty, and the risk of disrupted supply chains and lost business.
Members of the U.S. armed forces and travelers abroad: Tighter sanctions and reduced diplomatic engagement could increase geopolitical tensions and the risk of military confrontations that affect Americans overseas and at home.
Introduced February 18, 2025 by Michael Lawler · Last progress March 17, 2026
Requires strict U.S. enforcement of sanctions focused on Iran’s petroleum and petrochemical sectors, lets the President impose targeted sanctions on foreign persons who knowingly engage in significant transactions involving Iranian oil or petrochemicals, and expands the Rewards for Justice program to pay for information about sanctions evasion tied to Iran’s oil proceeds. It sets procedures for waivers, narrow exceptions (humanitarian, safety, intelligence/law enforcement, and international obligations), penalties for violations, and conditions to terminate the sanctions tied to verified Iranian actions on terrorism and WMD/missile programs.