Blocking Property Regarding Conventional Arms Activities of Iran

Sep 23, 2020

Summary

Stops people and groups from using their money and property in the U.S. if they help Iran with its weapons trade.

What problem does this solve?

Iran's buying and selling of weapons is a threat to safety in the Middle East and the world because it helps fuel wars. This order blocks the money and property of anyone helping Iran's weapons trade, making it harder for them to operate.

What does this order do?

Blocks property of those involved in Iran's arms trade

Freezes all property and money in the U.S. belonging to any person or group that helps supply, sell, or transfer weapons to or from Iran.

Suspends U.S. entry for sanctioned individuals

Bans anyone who is sanctioned under this order from entering the United States, either as an immigrant or a visitor.

Prohibits providing support services

Blocks the property of anyone who provides technical training, financial services, or other assistance related to the sale, manufacture, or use of arms for Iran.

Exempts humanitarian aid

Allows for the sale of agricultural goods, food, medicine, and medical devices to Iran, which are not subject to these sanctions.

Allows official government and UN business

Does not prohibit transactions needed for the official business of the U.S. Government or the United Nations.

Who does this affect?

Individuals and entities involved in Iran's arms trade
The Government of Iran
U.S. financial institutions

What is the real world impact?

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Restricts Iran's military capabilities

Aims to stop Iran from buying or selling weapons that could be used to support conflicts in Syria, Lebanon, Iraq, and Yemen, thereby reducing regional instability.

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Applies economic pressure on Iran

Uses financial sanctions as a tool of foreign policy to isolate Iran internationally and limit the money it can use for activities the U.S. opposes, such as supporting terror groups.

When does this start?

This order takes effect immediately on September 21, 2020.