---
kind: "section"
citation: "22 U.S.C. § 8513b"
title: "22"
title_heading: "Foreign Relations and Intercourse"
number: "8513b"
heading: "Expansion of, and reports on, mandatory sanctions with respect to financial institutions that engage in certain activities"
release: "119-102"
url: "https://uscodex.org/usc/22/8513b"
units:
  - "Chapter 92 — Comprehensive Iran Sanctions, Accountability, and Divestment"
  - "Subchapter I — Sanctions"
---

# §8513b. Expansion of, and reports on, mandatory sanctions with respect to financial institutions that engage in certain activities

- (a) **In general—** Not later than 90 days after August 10, 2012, the [Secretary](/usc/22/277d–43.md?p=5) of the Treasury shall revise the regulations prescribed under [section 8513(c)(1) of this title](/usc/22/8513.md?p=c-1) to apply to a [foreign financial institution](/usc/22/8513a.md?p=h-2) described in [subsection (b)](#b) to the same extent and in the same manner as those regulations apply to a [foreign financial institution](/usc/22/8513a.md?p=h-2) that the [Secretary](/usc/22/277d–43.md?p=5) of the Treasury finds [knowingly](/usc/22/8511.md?p=6) engages in an activity described in [section 8513(c)(2) of this title](/usc/22/8513.md?p=c-2).
- (b) **Foreign financial institutions described—** A [foreign financial institution](/usc/22/8513a.md?p=h-2) described in this subsection is a [foreign financial institution](/usc/22/8513a.md?p=h-2), including an [Iranian financial institution](#d-3), that the [Secretary](/usc/22/277d–43.md?p=5) of the Treasury finds—
  - (1) [knowingly](/usc/22/8511.md?p=6) facilitates, or participates or assists in, an activity described in [section 8513(c)(2) of this title](/usc/22/8513.md?p=c-2), including by acting on behalf of, at the direction of, or as an intermediary for, or otherwise assisting, another person with respect to the activity;
  - (2) attempts or conspires to facilitate or participate in such an activity; or
  - (3) is owned or controlled by a [foreign financial institution](/usc/22/8513a.md?p=h-2) that the [Secretary](/usc/22/277d–43.md?p=5) finds [knowingly](/usc/22/8511.md?p=6) engages in such an activity.
- (c) **Reports required—**
  - (1) **In general—** Not later than 180 days after August 10, 2012, and every 180 days thereafter, the [Secretary](/usc/22/277d–43.md?p=5) of the Treasury shall submit to the [appropriate congressional committees](/usc/22/8511.md?p=2) a report that contains a detailed description of—
    - (A) the effect of the regulations prescribed under [section 8513(c)(1) of this title](/usc/22/8513.md?p=c-1) on the financial system and economy of Iran and capital flows to and from Iran; and
    - (B) the ways in which [funds](/usc/22/2431a.md?p=9) move into and out of [financial institutions](#d-1) described in [section 8513(c)(2)(E)(ii) of this title](/usc/22/8513.md?p=c-2-E-ii), with specific attention to the use of other [Iranian financial institutions](#d-3) and other [foreign financial institutions](/usc/22/8513a.md?p=h-2) to receive and transfer [funds](/usc/22/2431a.md?p=9) for [financial institutions](#d-1) described in that section.
  - (2) **Form of report—** Each report submitted under [paragraph (1)](#c-1) shall be submitted in unclassified form but may contain a classified annex.
- (d) **Definitions—** In this section:
  - (1) **Financial institution—** The term “financial institution” means a financial institution specified in subparagraph (A), (B), (C), (D), (E), (F), (G), (H), (I), (J), (K), (M), (N), (R), or (Z) of [section 5312(a)(2) of title 31](/usc/31/5312.md?p=a-2).
  - (2) **Foreign financial institution—** The term “[foreign financial institution](/usc/22/8513a.md?p=h-2)” has the meaning of that term as determined by the [Secretary](/usc/22/277d–43.md?p=5) of the Treasury pursuant to [section 8513(i) of this title](/usc/22/8513.md?p=i).
  - (3) **Iranian financial institution—** The term “Iranian financial institution” means—
    - (A) a [financial institution](#d-1) organized under the laws of Iran or any jurisdiction within Iran, including a [foreign](/usc/22/3146.md?p=1) branch of such an institution;
    - (B) a [financial institution](#d-1) located in Iran;
    - (C) a [financial institution](#d-1), wherever located, owned or controlled by the Government of Iran; and
    - (D) a [financial institution](#d-1), wherever located, owned or controlled by a [financial institution](#d-1) described in subparagraph [(A)](#d-3-A), [(B)](#d-3-B), or [(C)](#d-3-C).

## Source credit

(Pub. L. 111–195, title I, § 104A, as added Pub. L. 112–158, title II, § 216(a), Aug. 10, 2012, 126 Stat. 1232; amended Pub. L. 116–283, div. F, title LXI, § 6110(e)(1)(B), Jan. 1, 2021, 134 Stat. 4563.)

## Notes

### Editorial Notes

### Amendments

2021—Subsec. (d)(1). Pub. L. 116–283 substituted “(Z)” for “(Y)”.