124 STAT. 1323 PUBLIC LAW 111–195—JULY 1, 2010 ‘‘(ii) acquire or develop— ‘‘(I) chemical, biological, or nuclear weapons or related technologies; or ‘‘(II) destabilizing numbers and types of advanced conventional weapons; and’’. (d) REPORTS ON GLOBAL TRADE RELATING TO IRAN.—Section 10 of such Act is amended by adding at the end the following: ‘‘(d) REPORTS ON GLOBAL TRADE RELATING TO IRAN.—Not later than 90 days after the date of the enactment of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010, and annually thereafter, the President shall submit to the appropriate congressional committees a report, with respect to the most recent 12-month period for which data are available, on the dollar value amount of trade, including in the energy sector, between Iran and each country maintaining membership in the Group of 20 Finance Ministers and Central Bank Governors.’’. (e) EXTENSION OF IRAN SANCTIONS ACT OF 1996.—Section 13(b) of such Act is amended by striking ‘‘December 31, 2011’’ and inserting ‘‘December 31, 2016’’. (f) CLARIFICATION AND EXPANSION OF DEFINITIONS.—Section 14 of such Act is amended— (1) in paragraph (2), by striking ‘‘the Committee on Banking and Financial Services, and the Committee on International Relations’’ and inserting ‘‘the Committee on Financial Services, and the Committee on Foreign Affairs’’; (2) in paragraph (9), in the flush text following subpara- graph (C), by striking ‘‘The term ‘investment’ does not include’’ and all that follows through ‘‘technology.’’; (3) by redesignating paragraphs (12), (13), (14), (15), and (16) as paragraphs (13), (14), (15), (17), and (18), respectively; (4) by inserting after paragraph (11) the following: ‘‘(12) KNOWINGLY.—The term ‘knowingly’, with respect to conduct, a circumstance, or a result, means that a person has actual knowledge, or should have known, of the conduct, the circumstance, or the result.’’; (5) in paragraph (14), as redesignated by paragraph (3) of this subsection— (A) by redesignating subparagraphs (A), (B), and (C) as clauses (i), (ii), and (iii), respectively, and moving such clauses, as so redesignated, 2 ems to the right; (B) by striking ‘‘The term ‘person’ means—’’ and inserting the following: ‘‘(A) IN GENERAL.—The term ‘person’ means—’’; (C) in subparagraph (A), as redesignated by this para- graph— (i) in clause (ii), by inserting ‘‘financial institution, insurer, underwriter, guarantor, and any other busi- ness organization,’’ after ‘‘trust,’’; and (ii) in clause (iii), by striking ‘‘subparagraph (B)’’ and inserting ‘‘clause (ii)’’; and (D) by adding at the end the following: ‘‘(B) APPLICATION TO GOVERNMENTAL ENTITIES.—The term ‘person’ does not include a government or govern- mental entity that is not operating as a business enter- prise.’’; (6) in paragraph (15), as redesignated by paragraph (3) of this subsection, by striking ‘‘petroleum and natural gas Definition. 50 USC 1701 note. 50 USC 1701 note. 50 USC 1701 note.
