Sponsors (51)
This bill tightens and clarifies U.S. sanctions and enforcement against Iran—strengthening national-security pressure and multilateral coordination—while imposing higher compliance costs, legal exposure, privacy and due-process risks, and potential diplomatic and economic blowback for businesses, immigrants, and taxpayers.
U.S. citizens and allies: Reduces Iran's ability to fund nuclear, missile, and malign activities by deterring foreign purchases and blocking oil/petroleum revenue streams.
Financial institutions, government contractors, and regulators: Strengthens and clarifies U.S. legal authority and enforcement tools (IEEPA/OFAC authorities, asset freezes, penalties), improving the government's ability to sanction and deter illicit activity.
International partners and U.S. diplomacy: Encourages coordinated, multilateral sanctions and information-sharing among like-minded countries, increasing collective pressure on Iran and closing enforcement gaps.
Financial institutions, exporters, and US businesses: Broad and aggressive sanctions, expanded reporting, and secondary-targeting raise compliance costs, risk of asset seizures, lost markets, and business disruption.
Taxpayers, U.S. forces, and allies: Coordinated sanctions and escalation risks could increase defense and diplomatic costs and heighten regional tensions, with potential blowback on U.S. security interests.
Iranian civilians: Stricter sanctions on state revenue and tighter enforcement risk worsening economic and humanitarian conditions for ordinary Iranians.
Based on analysis of 6 sections of legislative text.
Imposes sanctions on foreign persons involved in processing, exporting, or selling Iran’s oil, gas, LNG, condensates, and petrochemicals and strengthens multilateral enforcement and reporting.
Introduced February 12, 2025 by Daniel Scott Sullivan · Last progress February 12, 2025
Requires the President to impose sanctions on foreign persons, companies, banks, insurers, flag registries, and energy facilities that knowingly process, export, or sell oil, gas, liquefied natural gas (LNG), condensates, or other petrochemical products originating from Iran. Creates an interagency working group to coordinate sanctions enforcement, pushes for a multilateral contact group with allied countries, and expands private-sector reporting duties to identify sanctions targets and attempts to evade sanctions using proceeds from intercepted Iranian energy sales. Sanctions include blocking property under IEEPA, visa inadmissibility and revocation for covered aliens, and application of civil and criminal IEEPA penalties; limited exceptions, a time‑limited presidential waiver authority, and implementation and reporting deadlines are included.