Sponsors (51)
The bill strengthens U.S. capacity to choke off Iranian oil/gas revenue and improve multilateral sanctions enforcement (increasing national security and deterrence) at the cost of higher economic and compliance burdens, legal uncertainty, potential rights impacts for noncitizens, and risks of diplomatic strain or escalation.
Taxpayers and U.S. forces/partners will face reduced risk from Iran-funded terrorism and weapons development because the bill tightens enforcement along the Iranian energy logistics chain and targets revenue sources.
Federal agencies and allied partners will coordinate sanctions and information-sharing more effectively through an interagency working group and multilateral contact group, improving enforcement consistency and closing evasion gaps.
Foreign persons and entities that finance or facilitate Iranian oil and gas sales can be subject to asset-blocking and visa restrictions, directly reducing Iran's illicit revenue streams.
U.S. consumers (taxpayers) may face higher fuel and energy prices because stronger enforcement of energy-related sanctions can disrupt global energy markets.
Banks, insurers, ship registries, and other firms could be cut off from U.S. markets or face de-risking, disrupting supply chains and raising costs for U.S. businesses and consumers.
Broad civil and criminal penalties, combined with a 'knowingly' standard that includes constructive knowledge, increase legal and prosecution risk for businesses and individuals — including for inadvertent conduct.
Based on analysis of 6 sections of legislative text.
Requires blocking sanctions and visa penalties for foreign persons who knowingly engage in processing, exporting, or selling Iranian oil, gas, LNG, condensates, or petrochemicals and creates enforcement and coordination mechanisms.
Introduced February 12, 2025 by Daniel Scott Sullivan · Last progress February 12, 2025
Imposes immediate, mandatory sanctions and immigration penalties on any foreign person the President determines knowingly engaged in processing, exporting, or selling Iranian oil, gas, LNG, condensates, or petrochemical products after the law is enacted. It authorizes asset-blocking under IEEPA, visa inadmissibility and revocation, and extends those penalties to related subsidiaries, officers, and substantial owners. Creates an interagency working group to coordinate sanctions enforcement and build a multilateral contact group, expands the State Department rewards program to pay for tips about sanctions evasion tied to intercepted Iranian energy exports, and includes a presidential waiver authority that is time-limited and reportable to Congress.