Prohibiting Certain Transactions With Respect to Iran
Headline: Orders Broad Ban on Trade and Investment with Iran
What it does: Agencies must enforce broad prohibitions on importing, exporting, investing in, and financing transactions involving Iran, with the Treasury issuing rules and reports to implement the order.
- Stops imports of most Iranian goods into the United States.
- Bars new U.S. investment and financing of Iranian businesses.
- Requires U.S. companies and banks to report certain oil transactions.
Summary
This order bans most trade, investment, and financing between U.S. persons and Iran. It prohibits importing Iranian goods (except certain news materials), exporting or reexporting U.S. goods and technology, and new U.S. investment in Iran.
The Treasury Secretary, working with the Secretary of State, may issue rules, require reports (including oil-related reports by U.S. companies' foreign affiliates), and use emergency economic powers to enforce the order as a response to actions by Iran the order says threaten U.S. security, foreign policy, and economy.
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