; 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; reports (1) Authorization In identifying foreign persons pursuant to subsection (a)(1) as officials, agents, or affiliates of Iran’s Revolutionary Guard Corps, the President is authorized to identify foreign persons in which Iran’s Revolutionary Guard Corps has an ownership interest in such foreign person of less than 50 percent. (2) Priority for investigation In identifying foreign persons pursuant to subsection (a)(1) as officials, agents, or affiliates of Iran’s Revolutionary Guard Corps, the President shall investigate— (A) foreign persons or entities identified under section 560.304 of title 31, Code of Federal Regulations (relating to the definition of the Government of Iran)