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ARTICLE · 16 JULY 2010

New Iranian Sanctions Legislation: Summary of Key Provisions

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On July 1, 2010, President Obama signed the Comprehensive Iran Sanction, Accountability, and Divestment Act of 2010 ("CISADA").

United StatesGovernment, Public Sector
John Chierichella
John Chierichella
Jessica Madon
Jessica Madon
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On July 1, 2010, President Obama signed the Comprehensive Iran Sanction, Accountability, and Divestment Act of 2010 ("CISADA"). CISADA expands many existing restrictions and includes many new provisions designed to reach foreign firms currently doing business with Iran. More details into the impact of this legislation will emerge as the agencies charged with implementing this legislation issue their regulations.

Below are the highlights of the statute. Look for a more in-depth analysis of some of the key provisions in next month's blog.

  • New Sanctionable Activities. CISADA expands the scope of sanctionable activities under the Iran Sanctions Act of 1996 ("ISA"), focusing on the following three areas:

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