UANI

Section 1: Name
Names the legislation the Accountability for Business Choices in Iran Act

Section 2: Findings
Iran is in violation of several UN Security Council resolutions and the United States has a robust history of sanctioning Iran for its programs that threaten our national security.

Section 3: Sense of Congress
Congress supports further sanctions, including on businesses that provide refined petroleum to Iran and on banks providing monetary support to Iran’s operations. To make a diplomatic solution possible, international firms conducting business in Iran must not continue to provide the last crutch of support to the Iranian economy.

Section 4: Prohibition on US Government Contracts
Any company that has a government contract, including financial institutions that receive TARP funds, must certify that it does not conduct business with Iran. If a contractor provides false certification, the company may be prohibited from conducting business with the U.S. government.

Section 5: Authority of State and Local Governments
State or local governments may prohibit their own contractors from conducting business in Iran.

Section 6: Sunset
This Act sunsets when the President can certify that Iran has ceased providing support for acts of international terrorism and has permanently ceased the pursuit, acquisition, and development of nuclear, biological, and chemical weapons and missiles.

Section 7: Definitions
Defines terms used in the legislation. The legislation targets companies that provide refined petroleum products to Iran, invest in Iran’s energy sector, or provide technology that allows the government to monitor or restrict the movement or speech of an Iranian citizen.