Iran Terrorism and Human Rights Sanctions Act of 2016

[AI summary unavailable — showing source text] Iran Terrorism and Human Rights Sanctions Act of 2016 This bill prescribes requirements for mandatory sanctions with respect to: Iran's Revolutionary Guard Corps (IRGC) and entities it owns in whole or in part, Mahan Air, Iran's support of terrorism, Iran's human rights abuses, certain Iranian individuals, persons who conduct transactions with or on behalf of certain Iranian individuals, and financial institutions that engage in certain transactions on behalf of persons involved in human rights abuses or that export sensitive technology to Iran. The Department of the Treasury shall establish and publish in the Federal Register an IRGC watch list. The bill prescribes prohibitions against Iran's direct and indirect access to the U.S. financial system. The Iran Threat Reduction and Syria Human Rights Act of 2012 is amended to authorize a state or local government to divest its assets from, or prohibit investment in, any person that engages in investment or business activities with the IRGC or a person on the Treasury's list of designated nationals and blocked persons. The bill specifies additional requirements for removal of a person's designation as a state sponsor of terrorism. The …