Page:United States Statutes at Large Volume 124.djvu/1347

 124 STAT. 1321 PUBLIC LAW 111–195—JULY 1, 2010 ‘‘(a) IN GENERAL.—The sanctions to be imposed’’; (2) in subsection (a), as redesignated by paragraph (1)— (A) by redesignating paragraph (6) as paragraph (9); and (B) by inserting after paragraph (5) the following: ‘‘(6) FOREIGN EXCHANGE.—The President may, pursuant to such regulations as the President may prescribe, prohibit any transactions in foreign exchange that are subject to the jurisdiction of the United States and in which the sanctioned person has any interest. ‘‘(7) BANKING TRANSACTIONS.—The President may, pursu- ant to such regulations as the President may prescribe, prohibit any transfers of credit or payments between financial institu- tions or by, through, or to any financial institution, to the extent that such transfers or payments are subject to the juris- diction of the United States and involve any interest of the sanctioned person. ‘‘(8) PROPERTY TRANSACTIONS.—The President may, pursu- ant to such regulations as the President may prescribe, prohibit any person from— ‘‘(A) acquiring, holding, withholding, using, transfer- ring, withdrawing, transporting, importing, or exporting any property that is subject to the jurisdiction of the United States and with respect to which the sanctioned person has any interest; ‘‘(B) dealing in or exercising any right, power, or privi- lege with respect to such property; or ‘‘(C) conducting any transaction involving such prop- erty.’’; and (3) by adding at the end the following: ‘‘(b) ADDITIONAL MEASURE RELATING TO GOVERNMENT CON- TRACTS.— ‘‘(1) MODIFICATION OF FEDERAL ACQUISITION REGULATION.— Not later than 90 days after the date of the enactment of the Comprehensive Iran Sanctions, Accountability, and Divest- ment Act of 2010, the Federal Acquisition Regulation issued pursuant to section 25 of the Office of Federal Procurement Policy Act (41 U.S.C. 421) shall be revised to require a certifi- cation from each person that is a prospective contractor that the person, and any person owned or controlled by the person, does not engage in any activity for which sanctions may be imposed under section 5. ‘‘(2) REMEDIES.— ‘‘(A) IN GENERAL.—If the head of an executive agency determines that a person has submitted a false certification under paragraph (1) on or after the date on which the revision of the Federal Acquisition Regulation required by this subsection becomes effective, the head of that executive agency shall terminate a contract with such person or debar or suspend such person from eligibility for Federal contracts for a period of not more than 3 years. Any such debarment or suspension shall be subject to the procedures that apply to debarment and suspension under the Federal Acquisition Regulation under subpart 9.4 of part 9 of title 48, Code of Federal Regulations. Applicability. Deadline.