No Oil From Terrorists Act
This bill requires the President to prohibit the importation of petroleum products from Iran. Petroleum product means crude oil, residual fuel oil, or any refined petroleum product, including natural gas liquid product.
Further, the bill authorizes the President to use appropriate authorities to impose civil or criminal penalties as necessary to enforce the prohibition.
To prohibit the importation of petroleum products from Iran, and for 
                            other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``No Oil From Terrorists Act''.

SEC. 2. PROHIBITION ON IMPORTATION OF IRANIAN PETROLEUM PRODUCTS.

    (a) Prohibition.--The President shall prohibit the importation of 
all petroleum products (as such term is defined in section 3 of the 
Energy Policy and Conservation Act (42 U.S.C. 6202)) originating from 
Iran into the customs territory of the United States (as such term is 
defined in General Note 2 of the Harmonized Tariff Schedule).
    (b) Penalties.--The President is authorized to use appropriate 
authorities to impose such civil or criminal penalties as may be 
necessary to enforce the prohibition under subsection (a).
    (c) Appropriate Congressional Committees.--For purposes of this 
section, the term ``appropriate congressional committees'' means--
            (1) the Speaker of the House of Representatives and the 
        President Pro Tempore of the Senate;
            (2) the Committee on Appropriations, the Committee on 
        Foreign Affairs, the Committee on Armed Services, the Committee 
        on Energy and Commerce, and the Permanent Select Committee on 
        Intelligence of the House of Representatives; and
            (3) the Committee on Appropriations, the Committee on 
        Foreign Relations, the Committee on Armed Services, the 
        Committee on Energy and Natural Resources, and the Select 
        Committee on Intelligence of the Senate.
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No Oil From Terrorists Act
To prohibit the importation of petroleum products from Iran, and for other purposes.
No Oil From Terrorists Act
Rep. Banks, Jim