Page:United States Statutes at Large Volume 106 Part 3.djvu/778

 106 STAT. 2572 PUBLIC LAW 102-484—OCT. 23, 1992 SEC. 1603. APPLICATION TO IRAN OF CERTAW IRAQ SANCTIONS. The sanctions against Iraq specified in paragraphs (1) through (4) of section 586G(a) of the Iraq Sanctions Act of 1990 (as contained in Public Law 101-513), including denial of export licenses for United States persons and prohibitions on United States Government sales, shall be applied to the same extent and in the same manner with respect to Iran. SEC. 1604. SANCTIONS AGAINST CERTAIN PERSONS. (a) PROHiBmoN.—If any person transfers or retransfers goods or technology so as to contribute knowingly and materially to the efforts by Iran or Iraq (or any agency or instrumentality of either such country) to acquire destabilizing numbers and types of advanced conventional weapons, then the sanctions described in subsection (b) shall be imposed. (b) MANDATORY SANCTIONS.—The sanctions to be imposed pursuant to subsection (a) are as follows: (1) PROCUREMENT SANCTION.— For a period of two years, the United States Government shall not procure, or enter into any contract for the procurement of, any goods or services from the sanctioned person. (2) EXPORT SANCTION. — For a period of two years, the United States Government shall not issue any license for any export by ortothe sanctioned person. SEC. 160S. SANCTIONS AGAINST CERTAIN FOREIGN COUNTRIES. President. (a) PROHIBITION.—If the President determines that the government of any foreign country transfers or retransfers goods or technology so as to contribute knowingly and materially to the efforts by Iran or Iraq (or any agency or instrumentelity of either such country) to acquire destabilizing numbers and types of advanced conventional weapons, then— (1) the sanctions described in subsection (b) shall be imposed on such country; and (2) in addition, the President may apply, in the discretion of the President, the sanction described in subsection (c). (b) MANDATORY SANCTIONS. —Except as provided in paragraph (2), the sanctions to be imposed pursuant to subsection (a)(l) are as follows: (1) SUSPENSION OF UNITED STATES ASSISTANCE. — The United States Government shall suspend, for a period of one year, United States assistence to the sanctioned country. (2) MULTILATERAL DEVELOPMENT BANK ASSISTANCE. — The Secretary of the Treasury shall instruct the United States Executive Director to each appropriate international financial institution to oppose, and vote against, for a period of one year, the extension by such institution of any lo£m or financial or technical assistance to the sanctioned country. (3) SUSPENSION OF CODEVELOPMENT OR COPRODUCTION AGREEMENTS.—The United States shall suspend, for a period of one year, compliance with ite obligations under any memorandum of understanding with the sanctioned country for the codevelopment or coproduction of any item on the United States Munitions List (established under section 38 of the Arms Export Control Act), including any obligation for implementetion of the memorandiun of understending through the sale to the sanctioned country of technical date or assistance or the licens-

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