- (1) Providing goods or services worth at least $20,000,000, including oil tankers or transporters and liquefied natural gas tankers or transporters, to the energy-related activities of Iran, or products used to construct or maintain pipelines used to transport oil or liquefied natural gas for the energy sector of Iran.
(2) Extending at least $20,000,000 in credit to a person for 45 days or more if all of the following apply:
(i) The person uses the credit to provide goods or
services to the energy sector in Iran.
- (ii) The person is, at the time the financial institution or person extends credit, identified on a list created under section 3503 (relating to list of persons engaged in investment activities).
A person or financial institution engages in an investment activity by doing any of the following:
(Oct. 21, 2014, P.L.2517, No.149, eff. July 1, 2015)
2014 Amendment. Act 149 added section 3502.
Cross References. Section 3502 is referred to in section 3503 of this title.