1. Short title This Act may be cited as the State Sanctions Against Iranian Terrorism Act . 2. Authority of State and local governments to restrict investment activities in Iran (a) Additional authority Section 202 of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 ( 22 U.S.C. 8532 ) is amended as follows: (1) Subsection (a) is amended— (A) by striking should support and inserting should not interfere with ; and (B) by striking in the energy sector of Iran and all that follows through United States and inserting in the business sector in Iran, or prohibits or limits any person from engaging in investment activities in the business sector of Iran, until such time as all Federal laws that either expressly authorize or require the imposition of sanctions by the Federal Government on Iran are rescinded by an Act or Acts of Congress . (2) Subsection (b) is amended— (A) by amending the subsection heading to read as follows: (b) Authority To restrict investment in Iran ; (B) by striking may adopt and enforce measures that meet and inserting may— (1) adopt and enforce measures— (A) that meet ; (C) by striking subsection (c). and inserting subsection (c); or ; and (D) by adding at the end the following: (B) to prohibit or limit any person from engaging in investment activities in Iran described in subsection (c); and (2) enter into interstate compacts regarding measures described in paragraph (1). Enforcement of measures under this subsection may include the imposition of disclosure and other transparency requirements to carry out paragraph (1). . (3) Subsection (c) is amended— (A) in paragraph (1)— (i) by striking $20,000,000 or more in the energy sector and inserting $10,000,000 or more— (A) in the energy sector ; and (ii) by adding at the end the following: (B) in any other business enterprise in Iran, including an entity that is owned or controlled by the Government of Iran; or ; and (B) in paragraph (2)— (i) by striking $20,000,000 and inserting $10,000,000