Iran Sanctions

July 11, 2015

On July 10, 2015, the P5 + 1 (China, France, Germany, Russia, the United Kingdom and the United States, coordinated by the European Union’s High Representative), the European Union and Iran extended the Joint Plan of Action (JPOA) for an additional three days, through July 13, 2015, to provide additional time to continue negotiations toward a final agreement. The sanctions relief initially provided by the U.S. government on November 25, 2014, under the JPOA, as implemented through Guidance, Frequently Asked Questions and Statement of Licensing Policy, was also extended through July 13. All activities conducted in accordance with the sanctions relief must be concluded while the relief remains in effect. 
If an agreement is reached between July 10 and September 7, Congress will have 60 days to review the agreement under the Iran Nuclear Review Act of 2015, H.R. 1191 (the Act).  During this review period, the president’s ability to relieve sanctions on Iran is constrained by the act. Had an agreement been reached before July 10, the review period would have been 30 days. The 60-day review period is meant to accommodate Congress’s August recess.