; (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) ; and (iii) in subsection (e), as so redesignated, by striking subsection (a) or (c) and inserting subsection (a) or (b) . (B) Sanctions with respect to underwriting services or insurance or reinsurance Section 1246(a)(1)(B)(ii) of the Iran Freedom and Counter-Proliferation Act of 2012 ( 22 U.S.C. 8805(a)(1)(B)(ii) ) is amended by striking section 1245(d) and inserting section 1245(c) . (C) Application of Iran Sanctions Act of 1996 Section 1253(c) of the Iran Freedom and Counter-Proliferation Act of 2012 ( 22 U.S.C. 8809(c) ) is amended by striking 1245(g) and inserting 1245(f) . (c) Sanctions with respect to underwriting services or insurance or reinsurance (1) In general Section 1246 of the Iran Freedom and Counter-Proliferation Act of 2012 ( 22 U.S.C. 8805 ) is amended— (A) in subsection (a)(1)— (i) in subparagraph (B)(i), by striking or shipbuilding and inserting shipbuilding, or financial ; and (ii) in subparagraph (C), by striking (other than an Iranian financial institution described in subsection (b)) ; (B) by striking subsection (b)