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Imposes mandatory sanctions on foreign persons who knowingly process, export, or sell Iranian oil, gas, LNG, condensates, or petrochemical products, with blocking and visa-admissibility penalties, limited exceptions, and a presidential waiver process. Establishes definitions and requires creation of an Interagency Working Group to coordinate U.S. enforcement and to build a multilateral contact group for information-sharing and joint action to block Iran’s revenue streams for nuclear, missile, and terrorism-related programs.
The United States must ensure that the Islamic Republic of Iran does not acquire a nuclear weapons capability.
The United States must protect against aggression from the Islamic Republic of Iran manifested through its missiles and drone programs.
The United States must counter regional and global terrorism of the Islamic Republic of Iran in a manner that minimizes the threat posed by state and non-state actors to the interests of the United States.
The United States must fully enforce sanctions against all persons involved in the international logistical chain that provide support to the energy sector of the Islamic Republic of Iran.
Through such sanctions, the United States seeks to deny the Islamic Republic of Iran the financial resources required to fund and facilitate international terrorism.
Primary targets are foreign persons, companies, and networks that handle, process, export, or sell Iranian oil, gas, LNG, condensates, or petrochemical products. Those actors face asset-blocking measures, visa consequences, and other penalties, which will raise compliance and legal risk for international oil traders, commodity brokers, shipping firms, and financial intermediaries that facilitate payments or logistics for such trades. Financial institutions and insurers that process transactions or provide services linked to targeted shipments could face secondary consequences and thus will likely tighten compliance screening.
U.S. government agencies (State, Treasury/OFAC, Justice, Commerce, and intelligence partners) will see increased workloads to implement, investigate, and coordinate sanctions enforcement and to build the required multilateral contact group. Allied and partner governments are asked to coordinate more closely; this could increase diplomatic pressure on purchasers of Iranian energy but may complicate relations with states that purchase or transit Iranian products.
On Iran, the measures aim to reduce energy revenues that could fund nuclear, missile, and terrorism programs; on global markets, robust enforcement could disrupt certain supply chains and raise transactional frictions for parties seeking to avoid sanctions. Companies with any exposure to Iranian-origin energy products should expect heightened compliance obligations and potential reputational risk. The law's enforcement and waiver provisions leave discretion to the executive branch, which may affect how rigorously measures are applied in practice.
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Read twice and referred to the Committee on Foreign Relations.
Introduced February 12, 2025 by Daniel Scott Sullivan · Last progress February 12, 2025
Read twice and referred to the Committee on Foreign Relations.
Introduced in Senate