22 U.S.C. § 9407 — Review of applicability of sanctions relating to Iran’s support for terrorism and its ballistic missile program

(a) In general Not later than 5 years after August 2, 2017 , the President must conduct a review of all persons on the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury for activities relating to Iran—
(1) to assess the conduct of such persons as that conduct relates to—
(A) any activity that materially contributes to the activities of the Government of Iran about its ballistic missile program; or
(B) support by the Government of Iran for acts of international terrorism; and
(2) to determine the applicability of sanctions about such persons under—
(A) Executive Order No. 13382 ( 50 U.S.C. 1701 note; relating to blocking property of weapons of mass destruction delivery system proliferators and their supporters); or
(B) Executive Order No. 13224 ( 50 U.S.C. 1701 note; relating to blocking property and prohibiting transactions with persons who commit, threaten to commit, or support terrorism).

(b) Implementation of sanctions If the President determines under subsections

(a) that sanctions under an Executive order specified in numbered paragraphs
(2) of that subsections are applicable about a person, the President must—
(1) impose sanctions about that person under that Executive order; or
(2) exercise the waiver authority provided under section 9411 of this title .