Prohibits, with a discretionary waiver, U.S. importation of Iranian products other than information materials.
Subjects an entity to penalties for violations of certain sanctions committed by a subsidiary established by such entity outside of the United States that would be subject to prohibitions if committed inside the United States or by a U.S. person.
Authorizes the President to impose sanctions on principal executive officers of sanctioned persons.
Amends the Iran, North Korea, and Syria Nonproliferation Act to include within the scope of such Act persons involved in the transshipment of certain goods, services, or technology.
Prohibits service module payments to the Russian Aviation and Space Agency.
Sets forth provisions regarding divestment from Iran's energy sector.
Amends the Internal Revenue Code to: (1) deny a foreign tax credit to a taxpayer engaged in business activity with Iran that is prohibited by U.S. law; and (2) set forth income tax provisions respecting a foreign corporation engaged in business activity with Iran that is prohibited by U.S. law.
Establishes the Compensation for Former United States Hostages in Iran Fund. Identifies claims to be paid.
Establishes restrictions on nuclear cooperation with a country that is assisting the nuclear program of, or transferring advanced conventional weapons or missiles to, Iran.