EXPANSION OF DEFINITIONS UNDER THE IRAN SANCTIONS ACT OF 1996.

SEC. 207. EXPANSION OF DEFINITIONS UNDER THE IRAN SANCTIONS ACT OF 1996. (a) In General.—Section 14 of the Iran Sanctions Act of 1996 (Public Law 104-172; 50 U.S.C. 1701 note) is amended— (1) by redesignating paragraphs (17) and (18) as paragraphs (20) and (21), respectively; (2) by redesignating paragraphs (15) and (16) as paragraphs (17) and (18), respectively; (3) by redesignating paragraphs (4) through (14) as paragraphs (5) through (15), respectively; (4) by inserting after paragraph (3) the following: “(4) Credible information. The term ‘credible information’, with respect to a person— “(A) includes— “(i) a public announcement by the person that the person has engaged in an activity described in subsection (a) or (b) of section 5; and “(ii) information set forth in a report to stockholders of the person indicating that the person has engaged in such an activity; and “(B) may include, in the discretion of the President— “(i) an announcement by the Government of Iran that the person has engaged in such an activity; or “(ii) information indicating that the person has engaged in such an activity that is set forth in— “(I) a report of the Government Accountability Office, the Energy Information Administration, or the Congressional Research Service; or “(II) a report or publication of a similarly reputable governmental organization or trade or industry organization.” ; (5) by inserting after paragraph (15), as redesignated by paragraph (3), the following: “(16) Petrochemical product. The term ‘petrochemical product’ includes any aromatic, olefin, or synthesis gas, and any derivative of such a gas, including ethylene, propylene, butadiene, benzene, toluene, xylene, ammonia, methanol, and urea.” ; and (6) by inserting after paragraph (18), as redesignated by paragraph (2), the following: “(19) Services. The term ‘services’ includes software, hardware, financial, professional consulting, engineering, and specialized energy information services, energy-related technical assistance, and maintenance and repairs.” . (b) [50 U.S.C. 1701 note] Effective Date.—The amendments made by subsection (a) shall take effect on the date of the enactment of this Act and apply with respect to activities described in subsections (a) and (b) of section 5 of the Iran Sanctions Act of 1996, as amended by this title, commenced on or after such date of enactment.