IMPOSITION OF SANCTIONS.

SEC. 202. IMPOSITION OF SANCTIONS.(a) Sanctions With Respect to Development of Petroleum Resources.—Section 5(a) of the Iran and Libya Sanctions Act of 1996 (50 U.S.C. 1701 note) is amended in the heading, by striking “to Iran” and inserting “to the Development of Petroleum Resources of Iran”.(b) Sanctions With Respect to Development of Weapons of Mass Destruction or Other Military Capabilities.—Section 5(b) of such Act (50 U.S.C. 1701 note) is amended to read as follows:“(b) Mandatory Sanctions With Respect to Development of Weapons of Mass Destruction or Other Military Capabilities.—The President shall impose two or more of the sanctions described in paragraphs (1) through (6) of section 6 if the President determines that a person has, on or after the date of the enactment of this Act, exported, transferred, or otherwise provided to Iran any goods, services, technology, or other items knowing that the provision of such goods, services, technology, or other items would contribute materially to the ability of Iran to—“(1) acquire or develop chemical, biological, or nuclear weapons or related technologies; or“(2) acquire or develop destabilizing numbers and types of advanced conventional weapons.”.(c) Effective Date.—The amendments made by this section shall apply with respect to actions taken on or after June 6, 2006.