22 U.S. Code § 8551 - General provisions

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(a) Sunset
The provisions of this Act (other than sections 105 and 305 [22 U.S.C. 8514, 8544] and the amendments made by sections 102, 107, 109, and 205) shall terminate, and section 80a–13 (c)(1)(B) of title 15, as added by section 203(a), shall cease to be effective, on the date that is 30 days after the date on which the President certifies to Congress that—
(1) the Government of Iran has ceased providing support for acts of international terrorism and no longer satisfies the requirements for designation as a state sponsor of terrorism (as defined in section 301 [22 U.S.C. 8541]) under—
(A) section 2405(j)(1)(A) of the Appendix to title 50 (or any successor thereto);
(B) section 2780 (d) of this title; or
(C) section 2371 (a) of this title; and
(2) Iran has ceased the pursuit, acquisition, and development of, and verifiably dismantled its, nuclear, biological, and chemical weapons and ballistic missiles and ballistic missile launch technology.
(b) Presidential waivers
(1) In general
The President may waive the application of sanctions under section 103 (b) [22 U.S.C. 8512 (b)], the requirement to impose or maintain sanctions with respect to a person under section 105 (a) [22 U.S.C. 8514 (a)], 105A(a) [22 U.S.C. 8514a(a)], 105B(a) [22 U.S.C. 8514b(a)], or 105C(a) [22 U.S.C. 8514c(a)], the requirement to include a person on the list required by section 105 (b) [22 U.S.C. 8514 (b)], 105A(b) [22 U.S.C. 8514a(b)], 105B(b) [22 U.S.C. 8514b(b)], or 105C(b) [22 U.S.C. 8514c(b)], the application of the prohibition under section 106 (a) [22 U.S.C. 8515 (a)], or the imposition of the licensing requirement under section 303 (c) [22 U.S.C. 8543 (c)] with respect to a country designated as a Destination of Diversion Concern under section 303 (a) [22 U.S.C. 8543 (a)], if the President determines that such a waiver is in the national interest of the United States.
(2) Reports
(A) In general
If the President waives the application of a provision pursuant to paragraph (1), the President shall submit to the appropriate congressional committees a report describing the reasons for the waiver.
(B) Special rule for report on waiving imposition of licensing requirement under section 303(c)
In any case in which the President waives, pursuant to paragraph (1), the imposition of the licensing requirement under section 303 (c) [22 U.S.C. 8543 (c)] with respect to a country designated as a Destination of Diversion Concern under section 303 (a) [22 U.S.C. 8543 (a)], the President shall include in the report required by subparagraph (A) of this paragraph an assessment of whether the government of the country is taking the steps described in subparagraph (A) of section 303 (d)(1) [22 U.S.C. 8543 (d)(1)(A)].
(c) Authorizations of appropriations
(1) Authorization of appropriations for the Department of State and the Department of the Treasury
There are authorized to be appropriated to the Secretary of State and to the Secretary of the Treasury such sums as may be necessary to implement the provisions of, and amendments made by, titles I and III of this Act [22 U.S.C. 8511 et seq., 8541 et seq.].
(2) Authorization of appropriations for the Department of Commerce
There are authorized to be appropriated to the Secretary of Commerce such sums as may be necessary to carry out title III [22 U.S.C. 8541 et seq.].

Source

(Pub. L. 111–195, title IV, § 401,July 1, 2010, 124 Stat. 1350; Pub. L. 112–158, title IV, § 403(d), title VI, § 605(b),Aug. 10, 2012, 126 Stat. 1255, 1265; Pub. L. 112–239, div. A, title XII, § 1249(b),Jan. 2, 2013, 126 Stat. 2016.)
References in Text

This Act, referred to in subsecs. (a) and (c)(1), is Pub. L. 111–195, July 1, 2010, 124 Stat. 1312, known as the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010, which enacted this chapter, amended sections 287c, 2778, and 2780 of this title, section 80a–13 of Title 15, Commerce and Trade, section 310 of Title 31, Money and Finance, and section 16 of the Appendix to Title 50, War and National Defense, enacted provisions set out as notes under section 80a–13 of Title 15 and section 1701 of Title 50, and amended provisions set out as notes under section 1701 of Title 50. Title I of the Act enacted subchapter I of this chapter, amended sections 287c, 2778, and 2780 of this title, section 310 of Title 31, and section 16 of the Appendix to Title 50, enacted provisions set out as a note under section 1701 of Title 50, and amended provisions set out as a note under section 1701 of Title 50. Title III of the Act enacted subchapter III of this chapter. Section 102 of the Act enacted and amended provisions set out as notes under section 1701 of Title 50. Section 107 of the Act amended sections 287c, 2778, and 2780 of this title and section 16 of the Appendix to Title 50. Section 109 of the Act enacted section 8517 of this title and amended section 310 of Title 31. Section 205 of the Act amended section 80a–13 of Title 15, enacted provisions set out as a note under section 80a–13 of Title 15, and amended provisions set out as a note under section 1701 of Title 50. For complete classification of this Act to the Code, see Short Title note set out under section 8501 of this title and Tables.
Amendments

2013—Subsec. (b)(1). Pub. L. 112–239substituted “105B(a), or 105C(a)” for “or 105B(a)” and “105B(b), or 105C(b)” for “or 105B(b)”.
2012—Subsec. (a)(2). Pub. L. 112–158, § 605(b), inserted “, and verifiably dismantled its,” after “development of”.
Subsec. (b)(1). Pub. L. 112–158, § 403(d), inserted “, 105A(a), or 105B(a)” after “105(a)” and “, 105A(b), or 105B(b)” after “105(b)”.
Delegation of Functions

Ex. Ord. No. 13553, §§ 5–7,Sept. 28, 2010, 77 Stat. 60568, 60569, authorized the Secretary of the Treasury, in consultation with the Secretary of State, to exercise the functions and waiver authorities conferred upon the President by subsec. (b) of this section with respect to the requirement to impose or maintain sanctions pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) under section 8514 (a) of this title; authorized the Secretary of State, in consultation with the Secretary of Homeland Security on certain admissibility matters, to exercise the functions and waiver authorities conferred upon the President by subsec. (b) of this section with respect to the requirement to impose or maintain visa sanctions under section 8514 (a) of this title; and authorized the Secretary of State, in consultation with the Secretary of the Treasury, to exercise the functions and waiver authorities conferred upon the President by subsec. (b) of this section with respect to the requirement to include a person on the list required by section 8514 (b) of this title.
Other delegations of functions vested in the President by this section were contained in the following:
Memorandum of President of the United States, June 3, 2013, 78 F.R. 35545, set out as a note under section 8801 of this title.
Memorandum of President of the United States, Sept. 23, 2010, 75 F.R. 67025, set out as a note under section 8501 of this title.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

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22 USCDescription of ChangeSession YearPublic LawStatutes at Large
§ 85512012112-239 [Sec.] 1249(b)126 Stat. 2016
§ 85512012112-158 [Sec.] 605(b)126 Stat. 1265
§ 85512012112-158 [Sec.] 403(d)126 Stat. 1255

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31 CFR - Money and Finance: Treasury

31 CFR Part 560 - IRANIAN TRANSACTIONS REGULATIONS

31 CFR Part 561 - IRANIAN FINANCIAL SANCTIONS REGULATIONS

31 CFR Part 562 - IRANIAN HUMAN RIGHTS ABUSES SANCTIONS REGULATIONS

 

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