; and (iii) by striking paragraph (3); and (E) in subsection (d)— (i) in the subsection header, by striking and shipbuilding and inserting shipbuilding, and financial ; and (ii) in paragraph (3), by striking or shipbuilding and inserting shipbuilding, or financial . (2) Clerical amendment The table of contents for the Iran Freedom and Counter-Proliferation Act of 2012 is amended by striking the item relating to section 1244 and inserting the following: Sec. 1244. Imposition of sanctions with respect to the energy, shipping, shipbuilding, and financial sectors of Iran. . (b) Sanctions with respect to sale, supply, or transfer of certain materials (1) In general Section 1245 of the Iran Freedom and Counter-Proliferation Act of 2012 ( 22 U.S.C. 8804 ) is amended— (A) in subsection (a)(1)(C)(i)— (i) in subclause (I), by striking or shipbuilding and inserting shipbuilding, or financial ; and (ii) in subclause (II), by striking (other than an Iranian financial institution described in subsection (b)) ; (B) by striking subsection (b); and (C) by redesignating subsections (c) through (h) as subsections (b) through (g), respectively. (2) Conforming amendments (A) In general Such section is further amended— (i) in subsection (a)(1)— (I) in subparagraph (B)— (aa) by striking subsection (d) and inserting subsection (c) ; and (bb) by striking subsection (e)(1) and inserting subsection (d)(1) ; and (II) in subparagraph (C)— (aa) in the matter preceding clause (i), by striking subsection (d) and inserting subsection (c) ; and (bb) in clause (i)— (AA) in subclause (I), by striking subsection (e)(2) and inserting subsection (d)(2) ; and (BB) in subclause (III), by striking subsection (e)(3) and inserting subsection (d)(3) ; (ii) in subsection (d), as redesignated by paragraph (1)(C)— (I) in paragraph (1)(A), by striking subsection (d) and inserting subsection (c) ; and (II) in paragraph (3), by striking subsection (d) and inserting subsection (c)