22 U.S.C. § 8724 — Continuation in effect of sanctions with respect to the Government of Iran, the Central Bank of Iran, and sanctions evaders

(a) United States sanctions concerning Iran under Executive Order 13599, as they existed the day before August 10, 2012, remain in force until 90 days after the President sends the subsection (d) certification to the appropriate congressional committees. (b) Sanctions under Executive Order 13608 concerning foreign sanctions evaders, as then in effect, remain until 30 days after the President sends the certification required by section 401(a) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act. (c) In addition, the President must continue applying International Emergency Economic Powers Act sanctions to Iran’s Central Bank, including property blocking and limits or bans on financial transactions and property exports, until 90 days after sending the (d) certification to Congress. (d)(1) That certification is the President’s certification that the Central Bank is not (A) providing financial services that support or otherwise help Iran acquire or develop chemical, biological, or nuclear weapons or related technology; build, equip, operate, or maintain nuclear facilities that could aid Iran’s nuclear capability; or acquire or develop ballistic missiles, cruise missiles, or destabilizing quantities or types of conventional weapons; or (B) facilitating transactions or providing financial services for (i) Iran’s Revolutionary Guard Corps or (ii) financial institutions whose property is blocked under the Act because of Iran’s weapons-of-mass-destruction proliferation or support for international terrorism. (2)(A) The President must submit the certification in writing to the appropriate committees with a justification. (B) It must be unclassified but may include a classified annex. (e) Nothing limits presidential authority under the International Emergency Economic Powers Act or the Comprehensive Iran Sanctions, Accountability, and Divestment Act.