Title 22 — Foreign Relations and Intercourse
Chapter 92 — Comprehensive Iran Sanctions, Accountability, and Divestment
§ 8518. Reports on investments in the energy sector of Iran
Statutory text
Initial report
In general
Not later than 90 days after , the President shall submit to the appropriate congressional committees a report—
on investments in the energy sector of Iran that were made during the period described in paragraph (2); and
that contains—
an estimate of the volume of energy-related resources (other than refined petroleum), including ethanol, that Iran imported during the period described in paragraph (2); and
a list of all significant known energy-related joint ventures, investments, and partnerships located outside Iran that involve Iranian entities in partnership with entities from other countries, including an identification of the entities from other countries; and
an estimate of—
the total value of each such joint venture, investment, and partnership; and
the percentage of each such joint venture, investment, and partnership owned by an Iranian entity.
Period described
The period described in this paragraph is the period beginning on , and ending on the date that is 60 days after .
Updated reports
Not later than 180 days after submitting the report required by subsection (a), and every 180 days thereafter, the President shall submit to the appropriate congressional committees a report, covering the 180-day period beginning on the date that is 30 days before the date on which the preceding report was required to be submitted by this section, that—
contains the matters required in the report under subsection (a)(1); and
identifies—
the volume of crude oil and refined petroleum products imported to and exported from Iran (including through swaps and similar arrangements);
the persons selling and transporting crude oil and refined petroleum products described in subparagraph (A), the countries with primary jurisdiction over those persons, and the countries in which those products were refined;
the sources of financing for imports to Iran of crude oil and refined petroleum products described in subparagraph (A); and
the involvement of foreign persons in efforts to assist Iran in—
developing upstream oil and gas production capacity;
importing advanced technology to upgrade existing Iranian refineries;
converting existing chemical plants to petroleum refineries; or
maintaining, upgrading, or expanding existing refineries or constructing new refineries.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010
Pub. L. 111–195 title I § 110 · 124 Stat. 1312
Enacted · 22 U.S.C. § 8518
Pub. L. 111–195, title I, § 110, July 1, 2010, 124 Stat. 1338
Source evidence
Code source credit
Pub. L. 111–195, title I, § 110, July 1, 2010, 124 Stat. 1338Enacted provision · exact public law section
SEC. 110. REPORTS ON INVESTMENTS IN THE ENERGY SECTOR OF IRAN. (a) Initial Report.— (1) In general.— Not later than 90 days after the date of the enactment of this Act, the President shall submit to the appropriate congressional committees a report— (A) on investments in the energy sector of Iran that were made during the period described in paragraph (2); and (B) that contains— (i) an estimate of the volume of energy-related resources (other than refined petroleum), including ethanol, that Iran imported during the period described in paragraph (2); and (ii) a list of all significant known energy-related joint ventures, investments, and partnerships located outside Iran that involve Iranian entities in partnership with entities from other countries, including an identification of the entities from other countries; and (iii) an estimate of— (I) the total value of each such joint venture, investment, and partnership; and (II) the percentage of each such joint venture, investment, and partnership owned by an Iranian entity. (2) Period described.— The period described in this paragraph is the period beginning on January 1, 2006, and ending on the date that is 60 days after the date of the enactment of this Act. (b) Updated Reports.— Not later than 180 days after submitting the report required by subsection (a), and every 180 days thereafter, the President shall submit to the appropriate congressional committees a report containing the matters required in the report under subsection (a)(1) for the 180-day period beginning on the date that is 30 days before the date on which the preceding report was required to be submitted by this section.Iran Threat Reduction and Syria Human Rights Act of 2012
Pub. L. 112–158 title II § 224 · 126 Stat. 1214
Substituted · 22 U.S.C. § 8518(b)
Pub. L. 112–158 substituted “a report, covering the 180-day period beginning on the date that is 30 days before the date on which the preceding report was required to be submitted by this section, that—” for “a report containing the matters required in the report under subsection (a)(1) for the 180-day period beginning on the date that is 30 days before the date on which the preceding report was required to be submitted by this section.”
Added · 22 U.S.C. § 8518(b)
Pub. L. 112–158 added pars. (1) and (2)
Source evidence
Code amendment note
Subsec. (b). Pub. L. 112–158 substituted “a report, covering the 180-day period beginning on the date that is 30 days before the date on which the preceding report was required to be submitted by this section, that—” for “a report containing the matters required in the report under subsection (a)(1) for the 180-day period beginning on the date that is 30 days before the date on which the preceding report was required to be submitted by this section.” and added pars. (1) and (2).Enacted provision · exact public law section
SEC. 224. REPORTING ON THE IMPORTATION TO AND EXPORTATION FROM IRAN OF CRUDE OIL AND REFINED PETROLEUM PRODUCTS. Section 110(b) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 8518(b)) is amended by striking “a report containing the matters” and all that follows through the period at the end and inserting the following: “a report, covering the 180-day period beginning on the date that is 30 days before the date on which the preceding report was required to be submitted by this section, that— “(1) contains the matters required in the report under subsection (a)(1); and “(2) identifies— “(A) the volume of crude oil and refined petroleum products imported to and exported from Iran (including through swaps and similar arrangements); “(B) the persons selling and transporting crude oil and refined petroleum products described in subparagraph (A), the countries with primary jurisdiction over those persons, and the countries in which those products were refined; “(C) the sources of financing for imports to Iran of crude oil and refined petroleum products described in subparagraph (A); and “(D) the involvement of foreign persons in efforts to assist Iran in— “(i) developing upstream oil and gas production capacity; “(ii) importing advanced technology to upgrade existing Iranian refineries; “(iii) converting existing chemical plants to petroleum refineries; or “(iv) maintaining, upgrading, or expanding existing refineries or constructing new refineries.” .
3 of 3 references resolved to an enrolled provision
Notes
Termination of Section
For termination of section, see section 8551(a) of this title.
Editorial Notes
Amendments
2012—Subsec. (b). Pub. L. 112–158 substituted “a report, covering the 180-day period beginning on the date that is 30 days before the date on which the preceding report was required to be submitted by this section, that—” for “a report containing the matters required in the report under subsection (a)(1) for the 180-day period beginning on the date that is 30 days before the date on which the preceding report was required to be submitted by this section.” and added pars. (1) and (2).
Executive Documents
Delegation of Functions
Functions of President under this section delegated to Secretary of State, see Memorandum of President of the United States, , 75 F.R. 67025, set out as a note under section 8501 of this title.
Credits
2010–2012 · 2 acts
- 2010Pub. L. 111–195, title I, § 110, , 124 Stat. 1338
- 2012Pub. L. 112–158, title II, § 224, , 126 Stat. 1240.
Show as published
(Pub. L. 111–195, title I, § 110, , 124 Stat. 1338; Pub. L. 112–158, title II, § 224, , 126 Stat. 1240.)