Authorizing the Implementation of Certain Sanctions Set Forth in the Iran Sanctions Act of 1996, as Amended
Headline: Imposes Iran-related Financial and Trade Sanctions on Targeted Parties
What it does: Agencies must implement and enforce Iran-related financial, property, and import sanctions as directed by the Treasury.
- Blocks U.S. property and freezes assets of designated Iran-linked persons.
- Prohibits U.S. banks from lending to sanctioned individuals or entities.
- Restricts foreign-exchange transactions, cross-border payments, and imports involving sanctioned persons.
Summary
This order authorizes and directs U.S. officials to implement sanctions under the Iran Sanctions Act. It tells the Treasury, working with the State Department, to prohibit loans, block property, stop certain foreign-exchange and payment transactions, and restrict imports from designated Iran-linked persons.
The measures affect U.S. banks, companies, and any individuals or entities designated under the order. They are a government response to actions by the Government of Iran and aim to use economic pressure to address that national emergency.
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