H.R. 1422
Sanctions foreign people tied to Iran's oil trade
Requires the President to block property and visas for foreign people and companies involved in Iran's oil, gas, and petrochemical trade, while exempting humanitarian aid.
- Covers anyone knowingly involved in processing, exporting, or selling Iranian oil, gas, or petrochemicals
- Also covers subsidiaries and officers of a sanctioned business
- Humanitarian aid and imports of goods are exempt
- Pays rewards for tips that identify people evading these sanctions
Passed the House · Senate's turn