Sponsors (52)
Official title: Impose sanctions with respect to persons engaged in logistical transactions and sanctions evasion relating to oil, gas, liquefied natural gas, and related petrochemical products from the Islamic Republic of Iran, and for other purposes.
Introduced February 12, 2025 by Daniel Scott Sullivan · Last progress February 12, 2025
The bill strengthens U.S. and allied capacity to cut Iranian energy revenues and deter proliferation—improving national security—at the cost of higher economic and compliance burdens, legal risks for businesses and individuals, and increased diplomatic friction.
Taxpayers, U.S. and allied governments, and security personnel: the bill tightens sanctions, asset blocks, travel bans, multilateral coordination, and reward-based tip programs to reduce Iran's revenue and ability to fund terrorism, WMD/missile/drone programs, and proliferation activities.
Financial institutions and other U.S.-based entities: the bill adopts clearer, existing legal definitions (e.g., 'United States person', 'admitted', 'alien', and 'property' as referenced to Treasury/INA definitions), improving consistency and reducing some legal uncertainty for compliance and enforcement.
State and federal decision-makers: a presidential waiver process with required reporting provides flexibility to exempt specific actors when U.S. national interests require it, allowing targeted relief in particular cases.
Taxpayers, consumers, and U.S. businesses: stronger sanctions and enforcement risk disrupting global energy markets and supply chains, raising fuel and other costs and increasing compliance burdens for firms with international ties.
Financial institutions, businesses, and individuals: broad and ambiguous legal definitions (e.g., expansive 'United States person', 50% ownership, affiliate/successor coverage, and a constructive 'knowingly' standard) plus civil and criminal penalties increase the risk of liability, fines, and prosecution for unintentional conduct.
Federal employees, state and local governments, and taxpayers: aggressive sanctions and deeper multilateral coordination risk escalating tensions with Iran and complicating relations with countries that object to enforcement, potentially harming diplomacy and U.S. interests abroad.
Based on analysis of 6 sections of legislative text.
Blocks property and bars visas for foreign persons who knowingly process, export, or sell Iranian oil, gas, LNG, condensates, or related petrochemicals; creates coordination and rewards for sanctions enforcement.
Imposes new, broad sanctions on foreign persons who knowingly engage in processing, exporting, or selling Iranian crude oil, gas, LNG, condensates, or related petrochemical products and denies those persons U.S. visas and admission. Creates an interagency working group to coordinate sanctions enforcement and encourages a multilateral contact group; expands the State Department rewards program to pay for information about persons violating these sanctions or evading them through proceeds from intercepted Iranian energy exports. The law defines covered terms and authorities, sets blocking and immigration penalties, allows case‑by‑case presidential waivers with reporting requirements (waiver authority sunsets February 1, 2029), and makes violations subject to IEEPA civil and criminal penalties.