On August 2, 2017, the President of the United States (the “President”) signed the Countering America’s Adversaries Through Sanctions Act, H.R. 3364 (the “CAATSA”), which directs the imposition of new sanctions against Iran, North Korea and Russia and establishes certain procedural controls to restrict the President’s authority to terminate or waive, or grant licenses under, sanctions against Russia. The CAATSA received overwhelming bipartisan support, passing almost unanimously in both chambers of the U.S. Congress, such that its enactment into law was not seriously in doubt.
