1. Short title This Act may be cited as the Iranian Revolutionary Guard Corps Economic Exclusion Act . 2. Additional sanctions with respect to foreign persons that are officials, agents, or affiliates of, or owned or controlled by, Iran’s Revolutionary Guard Corps (a) In general Section 301(a) of the Iran Threat Reduction and Syria Human Rights Act of 2012 ( 22 U.S.C. 8741(a) ) is amended— (1) in the matter preceding paragraph (1), by striking Not later than 90 days after the date of the enactment of this Act, and as appropriate thereafter, and inserting Not later than 180 days after the date of the enactment of the Iranian Revolutionary Guard Corps Economic Exclusion Act, and every 180 days thereafter, ; (2) in paragraph (1)— (A) by inserting , or owned or controlled by, after affiliates of ; and (B) by striking and at the end; (3) in paragraph (2), by striking the period at the end and inserting ; and ; and (4) by adding at the end the following: (3) identify foreign persons with respect to which there is a reasonable basis to determine that the foreign persons have, directly or indirectly, conducted one or more sensitive transactions or activities described in subsection (c) for or on behalf of a foreign person described in paragraph (1). . (b) Authorization; priority for investigation; reports Section 301(b) of the Iran Threat Reduction and Syria Human Rights Act of 2012 ( 22 U.S.C. 8741(b) ) is amended to read as follows: (b) Authorization; priority for investigation