Page:United States Statutes at Large Volume 120.djvu/1377

 120 STAT. 1346

PUBLIC LAW 109–293—SEPT. 30, 2006 in Iran as described in such section and shall notify the appropriate congressional committees of the basis for any such determination.’’.

SEC. 202. IMPOSITION OF SANCTIONS.

50 USC 1701 note.

(a) SANCTIONS WITH RESPECT TO DEVELOPMENT OF PETROLEUM RESOURCES.—Section 5(a) of the Iran and Libya Sanctions Act of 1996 (50 U.S.C. 1701 note) is amended in the heading, by striking ‘‘TO IRAN’’ and inserting ‘‘TO THE DEVELOPMENT OF PETROLEUM RESOURCES OF IRAN’’. (b) SANCTIONS WITH RESPECT TO DEVELOPMENT OF WEAPONS OF MASS DESTRUCTION OR OTHER MILITARY CAPABILITIES.—Section 5(b) of such Act (50 U.S.C. 1701 note) is amended to read as follows: ‘‘(b) MANDATORY SANCTIONS WITH RESPECT TO DEVELOPMENT OF WEAPONS OF MASS DESTRUCTION OR OTHER MILITARY CAPABILITIES.—The President shall impose two or more of the sanctions described in paragraphs (1) through (6) of section 6 if the President determines that a person has, on or after the date of the enactment of this Act, exported, transferred, or otherwise provided to Iran any goods, services, technology, or other items knowing that the provision of such goods, services, technology, or other items would contribute materially to the ability of Iran to— ‘‘(1) acquire or develop chemical, biological, or nuclear weapons or related technologies; or ‘‘(2) acquire or develop destabilizing numbers and types of advanced conventional weapons.’’. (c) EFFECTIVE DATE.—The amendments made by this section shall apply with respect to actions taken on or after June 6, 2006. SEC. 203. TERMINATION OF SANCTIONS.

Section 8(a) of the Iran and Libya Sanctions Act of 1996 (50 U.S.C. 1701 note) is amended— (1) in paragraph (1)(C), by striking ‘‘and’’ at the end; (2) in paragraph (2), by striking the period at the end and inserting ‘‘; and’’; and (3) by adding at the end the following new paragraph: ‘‘(3) poses no significant threat to United States national security, interests, or allies.’’. SEC. 204. SUNSET.

Section 13 of the Iran and Libya Sanctions Act of 1996 (50 U.S.C. 1701 note) is amended by striking ‘‘on September 29, 2006’’ and inserting ‘‘on December 31, 2011’’. SEC. 205. TECHNICAL AND CONFORMING AMENDMENTS.

(a) FINDINGS.—Section 2 of the Iran and Libya Sanctions Act of 1996 (50 U.S.C. 1701 note) is amended by striking paragraph (4). (b) DECLARATION OF POLICY.—Section 3 of the Iran and Libya Sanctions Act of 1996 (50 U.S.C. 1701 note) is amended— (1) in subsection (a), by striking ‘‘(a) POLICY WITH RESPECT TO IRAN.—’’; and (2) by striking subsection (b). (c) TERMINATION OF SANCTIONS.—Section 8 of the Iran and Libya Sanctions Act of 1996 (50 U.S.C. 1701 note) is amended— (1) in subsection (a), by striking ‘‘(a) IRAN.—’’; and (2) by striking subsection (b).

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