Iran Refined Petroleum Sanctions Act of 2009 Introduced in U.S. Congress

Representative Howard Berman (D-CA), Chairman of the House Foreign Affairs Committee, yesterday introduced the Iran Refined Petroleum Sanctions Act of 2009 (H.R. 2192).

If enacted, H.R. 2192 would require that any foreign entity that exports refined petroleum to Iran, or otherwise enhances Iran’s ability to import refined petroleum (such as financing, brokering, underwriting or providing ships for such activity), will be subject to a number of financial and other sanctions that would effectively bar the foreign entity from doing business in the United States.

The bill also would impose sanctions on any entity that provides goods or services that enhance Iran’s ability to maintain or expand its domestic production of refined petroleum, including any assistance in refinery constructions, modernization or repair.