Full text copy of the Iran Threat Reduction and Syria Human Rights Act of 2012, signed into law by President Obama on August 10, 2012. From Samuel Rubenfeld in “Corruption Currents:”

“The sanctions … target Iran for not complying with U.S. and Western pressure to halt its nuclear program, which Tehran says is for peaceful purposes.

Among other things, the law closes loopholes in existing sanctions law on Iran, and adds penalties for those aiding Iran’s petroleum, petrochemical, insurance, shipping and financial sectors. It also broadens the list of available programs under which sanctions can be imposed on Iranian individuals and entities.

Parent companies of foreign subsidiaries violating sanctions can be targeted, and all sanctionable activity must be disclosed to the Securities and Exchange Commission, under the new law.”