22 U.S.C. § 8518 — Reports on investments in the energy sec-

Page 2089 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 8519 try and Security of the Department of Com- merce— (1) $113,000,000 for fiscal year 2011; and (2) such sums as may be necessary for each of the fiscal years 2012 and 2013. (Pub. L. 111–195, title I, § 109, July 1, 2010, 124 Stat. 1338.) TERMINATION OF SECTION For termination of section, see section 8551(a) of this title. Editorial Notes CODIFICATION Section is comprised of section 109 of Pub. L. 111–195. Subsec. (c) of section 109 of Pub. L. 111–195 amended section 310 of Title 31, Money and Finance. § 8518. Reports on investments in the energy sec- tor of Iran (a) Initial report (1) In general Not later than 90 days after July 1, 2010, the President shall submit to the appropriate con- gressional committees a report— (A) on investments in the energy sector of Iran that were made during the period de- scribed in paragraph (2); and (B) that contains— (i) an estimate of the volume of energy- related resources (other than refined pe- troleum), including ethanol, that Iran im- ported during the period described in para- graph (2); and (ii) a list of all significant known en- ergy-related joint ventures, investments, and partnerships located outside Iran that involve Iranian entities in partnership with entities from other countries, includ- ing an identification of the entities from other countries; and (iii) an estimate of— (I) the total value of each such joint venture, investment, and partnership; and (II) the percentage of each such joint venture, investment, and partnership owned by an Iranian entity. (2) Period described The period described in this paragraph is the period beginning on January 1, 2006, and end- ing on the date that is 60 days after July 1, 2010. (b) Updated reports Not later than 180 days after submitting the report required by subsection (a), and every 180 days thereafter, the President shall submit to the appropriate congressional committees a re- port, covering the 180-day period beginning on the date that is 30 days before the date on which the preceding report was required to be sub- mitted by this section, that— (1) contains the matters required in the re- port under subsection (a)(1); and (2) identifies— (A) the volume of crude oil and refined pe- troleum products imported to and exported from Iran (including through swaps and similar arrangements); (B) the persons selling and transporting crude oil and refined petroleum products de- scribed in subparagraph (A), the countries with primary jurisdiction over those per- sons, and the countries in which those prod- ucts were refined; (C) the sources of financing for imports to Iran of crude oil and refined petroleum prod- ucts described in subparagraph (A); and (D) the involvement of foreign persons in efforts to assist Iran in— (i) developing upstream oil and gas pro- duction capacity; (ii) importing advanced technology to upgrade existing Iranian refineries; (iii) converting existing chemical plants to petroleum refineries; or (iv) maintaining, upgrading, or expand- ing existing refineries or constructing new refineries. (Pub. L. 111–195, title I, § 110, July 1, 2010, 124 Stat. 1338; Pub. L. 112–158, title II, § 224, Aug. 10, 2012, 126 Stat. 1240.) TERMINATION OF SECTION For termination of section, see section 8551(a) of this title. Editorial Notes AMENDMENTS 2012—Subsec. (b). Pub. L. 112–158 substituted ‘‘a re- port, covering the 180-day period beginning on the date that is 30 days before the date on which the preceding report was required to be submitted by this section, that—’’ for ‘‘a report containing the matters required in the report under subsection (a)(1) for the 180-day pe- riod beginning on the date that is 30 days before the date on which the preceding report was required to be submitted by this section.’’ and added pars. (1) and (2). Executive Documents DELEGATION OF FUNCTIONS Functions of President under this section delegated to Secretary of State, see Memorandum of President of the United States, Sept. 23, 2010, 75 F.R. 67025, set out as a note under section 8501 of this title. § 8519. Reports on certain activities of foreign ex- port credit agencies and of the Export-Im- port Bank of the United States (a) Report on certain activities of export credit agencies of foreign countries (1) In general Not later than 90 days after July 1, 2010, the President shall submit to the appropriate con- gressional committees a report on any activ- ity of an export credit agency of a foreign country that is an activity comparable to an activity described in subsection (a) or (b) of section 5 of the Iran Sanctions Act of 1996, as amended by section 102 of this Act. (2) Updates The President shall update the report re- quired by paragraph (1) as new information be- comes available with respect to the activities of export credit agencies of foreign countries. (b) Report on certain financing by the Export- Import Bank of the United States Not later than 30 days (or, in extraordinary circumstances, not later than 15 days) before the