Stop Iranian Petroleum Act: New Sanctions, Cyber Security, and Terrorism Measures
This Act imposes strict new sanctions aimed at curbing Iran's petroleum exports to cut off funding for destabilizing activities and terrorism. Sanctions target foreign ports, vessels, and refineries knowingly dealing in Iranian oil products, as well as individuals involved in significant cyber activities and threats against U.S. officials. While not directly impacting U.S. citizens' daily lives, the law seeks to enhance national security by financially weakening Iran and its proxies, which could indirectly affect global energy stability.
Key points
Oil Trade Sanctions: Foreign entities (ports, vessels, refineries) knowingly engaging in significant transactions involving Iranian petroleum products face asset blocking in the U.S. and denial of entry to the U.S. ports.
Travel Restrictions: Aliens subject to sanctions, including certain family members, will be deemed inadmissible to the U.S., and their visas will be revoked.
Cyber and Threat Sanctions: The Act authorizes sanctions against foreign persons responsible for significant cyber-enabled activities threatening U.S. national security and those who threaten violence against current or former U.S. officials.
Anti-Terrorism Measures: Extension and modification of sanctions targeting individuals from Palestine Islamic Jihad who use civilians as human shields, extending the authority until the end of 2030.
Mandatory Reporting: Requires detailed reports on Iran's petroleum exports, including sales to China, and an assessment of the impact of existing U.S. sanctions on the Iranian economy and its people.
Expired
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